Similarly, the Indians were seen only as sources of trade, and as useful allies during times of war with other Europeans. ... Slaves were a free source of labor and allowed the white farmers to increase their agricultural production with very little corresponding increase in overhead costs. ... Likewise, rich plantation owners who leeched off the labor of their slaves came to dominate the southern colonies, with poorer farmers who could not afford slaves forced out of the commercial agriculture exchange. ... Economic opportunities for many were increasingly found in the undeveloped, peripheral...

• Word Count: 2312
• Approx Pages: 9
• Grade Level: Graduate

Recently, Wang and Xie (2004) do name some earlier theories developed by earlier researchers: economic take-off and transformation and a big push theory. ... Despite the fact that globalisation is capable of utilising production and profits through opening up new markets and therefore creates greater opportunities and challenges, fierce competition will result in lower wages and benefits in the labour market (Labrianidis, 2001), specifically when weighing up unskilled segments like traditional labour-intensive industries. ...

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