According to the article, "structural adjustment and globalisation will indeed benefit countries in the region through international trade, new investments and new and more efficient communication and information." ... The introduction of new policies of trade, investment and communication by the government attempt to soothe and even reverse any decline in social development, however, such methods have their own flaws. ... Wedderburn and Levy have identified several other groups specifically affected by economic adjustment and trade policies. ... The Caribbean Office of the International Labo...

• Word Count: 1068
• Approx Pages: 4
• Has Bibliography
• Grade Level: Graduate

Japan, Singapore, Malaysia, and Korea developed rapidly under positive international circumstances, at least until the late 1980s. The international movement towards freer trade permitted these countries to effectively seek an export-oriented growth strategy. ... (Commanding Heights) The free trade approach on the part of the U.S, which provided the largest market for Asia's exports, assisted the export-oriented industrialization strategy focusing on the comparative advantage of Korea, Japan, Singapore, and Malaysia and their long term growth. ... Singapore once nurtured "small indust...

• Word Count: 828
• Approx Pages: 3
• Grade Level: Undergraduate

It involves the process of breaking down the international boundaries which will increase integration between different countries and have an international influence on all aspects of life. This includes trade and investment, distribution of income, financial markets, environment consequences, business cycle, government economic policies and most of all; growth and development. ...

• Word Count: 377
• Approx Pages: 2
• Grade Level: Undergraduate

It is commonly believed that there is a trade-off between equality and efficiency. ... However, an International Monetary Fund study found evidence contradicting this idea: "If the income share of the richest 20 percent increases by 1 percentage point, output growth is 0.08 percentage point lower in the following five years, "suggesting that the benefits do not trickle down," IMF researchers said in a paper released Monday. ...

• Word Count: 527
• Approx Pages: 2
• Grade Level: Undergraduate