Basically, this means that national economies have developed economic relations that have transcended the nation state and occur at a supranational level, giving rise to the world economy. ... For example, Japan gives rice farmers seven times what it costs them to produce rice, which allows the farmers to sell the rice for very little, shutting out cheap rice produced in Thailand and other developing countries. ... Last year the Bush administration announced it would give American farmers an extra $175 billion during the next decades. The yearly subsidy the US gives just to American cotton far...

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

Kenya is only able to supply about 70% of its demand for wheat; an increasing demand for bread, especially in urban areas, has put strain on the country's economy since the cultivation of wheat has an 80% foreign exchange content compared with 50% for maize. ...

• Word Count: 2727
• Approx Pages: 11
• Has Bibliography
• Grade Level: Undergraduate