However, back in half of the century ago, Shetty (1963) acknowledges that small-scale industries persistently play a remarkable role in developing the economy by industrialization not only in developed countries but also in those not-so-developed ones. ... Bearing this subject in mind, the essay will bring out the considerations of whether firms in traditional industries should be kept in business in a changing global economy from the standpoint of their managerial levels. ... Thereupon, the industrialised distance between nations all over the world might become the motivation for running trad...

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

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. This economic division resulted in political instability, not just in poor nations, but across the world. ... The Brandt Reports also sought solutions to oth...

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

Eroglu (1997) concurred with Mosley by stating that foreign aid supplements the scarce domestic resources for developing countries and also provide the government coffers with the much needed forex which is useful in importing of machinery and other resources that helps in running a countries economy. The absence of foreign aid in many developing countries has proved catastrophic with many economies being put into reverse gear. For instance the withdrawal of donor aid in Malawi saw the country's economy grounding to a halt as the government could not find the much needed forex to import f...

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

Abstract External debt today poses one of the biggest barriers to development for many of the worlds less developed countries (LDC's). Excessive external debt is often responsible for the stagnation of economic growth given that the uncertainty it creates discourages the private sector from investing in the economy for fear about the stability of the government, and it also discourages public investment and reforms given that policy makers are aware that any benefits would be likely to be transferred abroad in the form of debt servicing. ... The World Bank and the International Monetar...

• Word Count: 2437
• Approx Pages: 10
• Grade Level: Graduate

" In the vein of post-development thinkers, they agree that the construct of development held by the "developed" world has tainted the way development is dealt with in the "developing" world. Gibson-Graham point out the misguided perspective of organizations such as the World Bank which views development as uneven, unidirectional and capitalist. ... They particularly point out the success stories of the cooperative culture in Spain and the social/solidarity economy movements in Quebec to highlight post-development theory in action. ... Establishing a clear defini...

• Word Count: 3546
• Approx Pages: 14
• Grade Level: Graduate