Social Development Officer in the Caribbean Office of the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), Sonia Cuales, argues that although some international economic strategies have produced notable statistical results, there has been little reduction of some persistent problems. ... This redirection will help to reduce the growing gap in social and economic well being and the exclusion of a significant proportion of the population from the benefits of economic growth. ... The study in addition states that more than half of this unemployed population is unde...

• Word Count: 1068
• Approx Pages: 4
• Has Bibliography
• Grade Level: Graduate

Despite this, Vietnam's quality of life has improved substantially in recent time as in 2010, 94% of the population has access to electricity which was double the 1990 level. ... The distribution of income across an economy can be visually represented through the Lorenz Curve, as seen in the below: An example of the unequal distribution of the benefits of globalisation can be seen through how 80% of the population earn their incomes from primary industries, which as an industry contributes a mere 20% to total output. ... In 1995, Vietnam joined ASEAN and implemented a bilateral trade agre...

• Word Count: 1293
• Approx Pages: 5
• Grade Level: Graduate

The neoliberal philosophy of economic development revived the old precepts of economic liberalism, which hold that an unregulated free market and private sector are the engines for unrestricted growth, the benefits of which will trickle down from the owners of capital to the entire population. ... Until recently, there was a growing consensus that neoliberal policies were the key for economic growth of Africa and South America. ...

• Word Count: 1434
• Approx Pages: 6
• Grade Level: Graduate