1. How globalisation affects different economies
NIC's are concentrated in the Asia-Pacific region and include South Korea and Singapore. ... NIC's such as East Asia and the Pacific region averaged a 7.5% growth in 1990-2001, despite severe recessions in the area, as globalisation has meant that the economic growth of these economies has soared in the past few decades. ... The fact is if Africa, East Asia, South Asia and Latin America were to increase their share of world exports by 1c, the gains would lift 128 million people out of poverty. ... However, foreign aid has decreased as a result predominantly in African nation...
- Word Count: 1477
- Approx Pages: 6
- Grade Level: Undergraduate