Kevin Rudd, a former Prime Minister of Australia and current Member of Parliament argued that the best part about globalization is that it lifts economic growth rates and living standards around much, though not all, of the developing world, and in developed countries as well. ... First, globalization removes borders drawn by history, ethnicity, religion and language when different people with different cultures migrate, bringing their own cultures into the new country. ... When nations decide to disregard boundaries drawn by history, culture, language, and religion, there will not be unnecess...

• Word Count: 3315
• Approx Pages: 13
• Grade Level: Undergraduate

THE SOUTH AFRICAN ECONOMY Brief economic history During the 1960s the South African economy expanded at an annual average rate of 5,5 percent and experienced average inflation of 2,4 percent. This compared with annual growth of 5,0 percent in industrialised Organisation for Economic Corporatio...

• Word Count: 6046
• Approx Pages: 24
• Grade Level: Undergraduate

It is one of the ironies of the history of economic thought that this article, which challenged the whole rationale for estimating aggregate production functions, was published in the same year as Solow's (1957) "Technical Change and the Aggregate Production Function". ...

• Word Count: 11086
• Approx Pages: 44
• Has Bibliography
• Grade Level: Undergraduate