This understanding of globalisation fits into the set of literature referred to as the ' first wave' and is associated with US truimphalists and business schools theorists. ... 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. ...

• Word Count: 3797
• Approx Pages: 15
• Grade Level: Undergraduate

Among these false perceptions include the view that the people of Lesotho have not had modern conveniences of schools, hospitals and roads even after independence and they have migrated to their "rich" neighbor, South Africa, as a response to declining agricultural production. However, Ferguson provides evidence that most of the people of Lesotho largely derive their income from wage labor, had established modern hospital, schools and markets even during colonial times, and migrated to South Africa long before a decline in agricultural production to buy other goods as well as to pay...

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

Various political, racial, and familial tensions in this small community are also revealed through the experience of an African American officer (Joe Morton), who has returned home to head a military base, and through the personal struggles of a Mexican-American teacher (Elizabeth Pena), who does battle with an angry school board upset over her multicultural approach to the history of the Alamo. ...

• Word Count: 2799
• Approx Pages: 11
• Grade Level: Undergraduate

During the 1990s, literature on the international political economy was dominated by the idea of globalization. Dramatic decreases in transport costs and the rise of fast and cheap telecommunications technology have made geography less relevant and facilitated massive increases in global trade and n...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

The process of economic development has been usually seen as a transformation from the rural agricultural sector to the urban manufacturing sector in developing countries. This process in the dual sectors is driven by labor transfers (migration) and capital accumulation. W. Arthur Lewis in his work on 'Economic development with unlimited supplies of labor' (1954) analyzed the labor market dualism and the structural difference between the subsistence sector and capitalistic sector in developing economies. The two sectors in the Lewis model are referred to as the subsistence and capit...

• Word Count: 4558
• Approx Pages: 18
• Has Bibliography
• Grade Level: Undergraduate