Economic Development
The author presents a poorly defended opinion in The Economist article "The Case for Globalization." The article boldly posits that "international economic integration is...the best of many possible futures for the world economy." According to the author, globalization is the only feasible panacea for poverty and political disenfranchisement. To dismantle world trade would entail "unparalleled catastrophe for the planet's most desperate people." However compelling these statements may be, they are not backed up by any quantifiable data. Ironically, the author accuses anti-capitalists and protestors of globalization to "explain the facts," without doing so him or herself.
Globalization could not be the "best of many possible futures." Global politics are already at the mercy of corporate control; one need only look at the example of Central America to see how the United States in particular. The consequences of globalization can be witnessed in the mass disenfranchisement, political instability, and economic deprivation experienced by most Central and South Americans. Corporate greed essentially undermined the will of the people to create socialist governments that could have realistically minimized poverty. Governments taking the side of for-profit institutions results in corrupt politics. Bowing to the pressures of a global market is not the solution to poverty because it automatically panders to the needs of the already wealthy. In theory, globalization creates jobs in areas with high rates of unemployment. However, in reality these are low-paying jobs in deplorable working environments, as many governments will willingly ignore humane wages and standards in favor of higher profits and cutbacks.
The author falls into a trap when he or she reports, "developing-country governments...have come round to the idea that trade (read globalization) is good." The governments in question are notoriously corrupt and do not necessarily keep the best interests of the people in mind. The author of this article also assumes that governments and corporations are actually "pandering" to the activists. Nothing could be farther from the truth; however, the media might be creating a kinder, gentler image of global trade to cloud the issues at hand.
Economic development is a key element of growth and sustainability of a country, as well as of equity, prosperity and well-being of its population. Recently the world has witnessed rapid economic growth of two Southeast Asian countries: China and Vietnam. Both of the countries faced major challenges for the growth of their economy, they survived these challenges well and proved themselves to be the success stories of development. Vietnam continues
Economic Development Economic Impacts of Tekopora - Theory The Tekopora program was launched in 2005 to provide cash payments, as a means of help low income Paraguayans escape poverty. Basic economic analysis suggests the following outcome expectations are reasonable, in the areas of per capita income, consumption, poverty reduction and school attendance. It should be expected that per capita income and consumption would both increase. The reason for this is simple. As
This dependence on the rainfall to multiply makes malaria to have a particular cycle of the infections in these tropic regions. The dry and the wet seasons usually alternate, hence the malaria outbreaks usually follow the rainy seasons. It is also worth noting that the intensity of the malaria transmission is tied on the type of mosquito vector that is in a given region. It is true that the anopheles
Capital stock in Vietnam has increased manifold in the past decade, and has fuelled the country's strong economic growth. Vietnam does not have extensive natural resources. Most of the country is heavily farmed. The country is self-sufficient in oil, gas and hydroelectricity however, which is a benefit. Crude oil is a major export commodity. Much of the other export commodities are farm-based (coffee, tea, rubber, rice). Vietnam's technology and innovation is
Economic development of Eastern and Western Europe over the course of the nineteenth and twentieth centuries obviously differed, but not to the extent that historians or economists have frequently imagined. Put simply, the economic histories of Eastern and Western Europe are frequently viewed according to either region's differing political organizations, with the capitalist West opposed to the Communist East, but in reality, the period of time defined by the rise
All these situations impact the overall morale of the staff members, and as such their levels of performance and commitment to the employers. The scenarios are more dramatic for the people who are actually downsized, but the negative impacts are also observed at the level of the remaining staff members, who are presented with fewer opportunities for personal and professional development. The International Labor Office argues that in times of
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