Industrial countries charge on average 1 per cent on their sales to other industrial countries while exporters from South Asia pay 8 per cent. ... The yearly subsidy the US gives just to American cotton farmers is three times its total aid to Africa. From 2001 to 2002, the US granted its cotton farmers $3 billion in subsidies, more than the entire economic output of Burkina Faso, just one poor African nation. ...
Emerging Markets Index of Morgan Stanley's consists of Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Poland, Russia, South Africa, Taiwan, Thailand, and Turkey. ... Russia is one of the emerging markets in the East. ... "The economic powers of the world are shifting from west to east, and Turkey is one of these growth economies," remarked the prime minister. ...
They find most resonance in developing countries, and especially those states of Southeast Asia for whom recent economic crises have brought back shades of the north-south contest between the developed and developing world that dominated the international agenda in the 1970s but largely disappeared throughout the 1980s and 1990s. ...