(Graph 7.4, P.279) Additionally, Japan created a lucrative automobile industry, along with a steel industry that rivaled and surpassed the American industry and electronics. ... Their annual percentages were even greater than America's annual GDP percent growth for those equivalent years. ... Most notable for not developing into a strong economic power is Latin America whose political instability, low savings and investment rates, dependence on foreign borrowing, and low educational levels contributed to its downfall. ...

• Word Count: 828
• Approx Pages: 3
• Grade Level: Undergraduate

In Africa and Latin America, for example, the richest 5 percent of the population earn almost 25 percent of the national income, while in industrial countries they earn only 13 percent (World Politics, pg.42). ...

• Word Count: 1264
• Approx Pages: 5
• Grade Level: Undergraduate

Such events were the rising into power of the United States of America and the success of its Marshall Plan or the European Recovery Program which was an effort to rebuild Europe from the ravages of war. It was a theory of development based upon the successes of the West and was prescribed to developing newly-decolonized nation-states in Asia, Africa, and Latin America. ...

• Word Count: 1456
• Approx Pages: 6
• Grade Level: Undergraduate

Globalisation is the process of economic integration in the trade, financial and labour markets leading to the emergence of a single world market. The establishment of globalisation has increasingly affected economic growth, quality of life and external stability. Economic Growth occurs when ther...

• Word Count: 1477
• Approx Pages: 6
• Grade Level: Undergraduate