Under the chairmanship of former West German Chancellor Willy Brandt, the Independent Commission on International Development Issues examined the problems facing the global economy in the early 1980s. Brandt's panel of former world leaders and other prominent figures found that developing nations were economically dependent on developed nations, which dominated the international rules and institutions for trade, money, and finance. ... In a sweeping series of measures addressed to the global public, governments, and international agencies, the Brandt Reports called for a full-scale restru...

• Word Count: 366
• Approx Pages: 1
• Grade Level: Graduate

Thus thesis is backed by scholars like Mosley et al (1987) who argued that the theoretical case for foreign aid rest on the presumption that the aid could fill the shortage of international capital in developing countries. ... James Sackey, former World Bank country representative in Sierra Leone who was quoted by Jalloh (2007) said that the instructions for giving out loans and grants by the World Bank and the I.M.F include privatization, trade liberization and high interest rates. Trade liberization for underdeveloped economies have proven to have some serious side effects as it may lead to ...

• Word Count: 1491
• Approx Pages: 6
• Has Bibliography
• Grade Level: Graduate

Prior to the industrial revolution in the century of late eighteenth and early nineteenth which set fire to the capital-based form of production, there was the period when production predominantly relied on man's hand and primary working forces were man labour. During such period, agricultural and industrial activities were not clearly differentiated (Koga, 1968) and many people not only worked in farming but they also generated extra business to get extra earnings while utilising spare labour after farming hours (Hunter, 2008). According to a report from ILO (1955) cited by Koga (1968), ...

• Word Count: 2421
• Approx Pages: 10
• Has Bibliography
• Grade Level: Graduate