By measuring the historical intensity of international economic links, the World Bank has identified that between the two World Wars and through the Great Depression the global poverty rose strongly and inequality widened. ... Based on this line of reasoning, it is tempting to conclude "as many northern activists, who are against globalisation, have done "that trade should be restricted. ... Yet, even with that caution, we can argue today that economic globalisation is no friend of inequality and absolute or relative poverty. The notion that trade and economic growth aggravate povert...

• Word Count: 6472
• Approx Pages: 26
• Has Bibliography
• Grade Level: Undergraduate

The Commission also wanted to eliminate the Poverty Reduction and Growth Facility (PRGF). A number of academic and other non-governmental groups have similarly argued for taking the IMF out of the poverty alleviation business whereas developing countries wanted to maintain the IMF role in all member-countries, including in the poverty reduction area. ... Moreover, the G-7 Finance Ministers took an even stronger line in their report to the Summit leaders by emphasizing that the IMF has a critical role to play in supporting macroeconomic stability in the poorest countries, through the PRGF, inte...

• Word Count: 3629
• Approx Pages: 15
• Has Bibliography
• Grade Level: Undergraduate

However, long-term success at attracting investment, creating jobs, and reducing poverty depend on its ability to comply with an International Monetary Fund (IMF) program, resolving the thousands of Sandinista-era property confiscation cases, and opening its economy to foreign trade. ... EMPLOYMENT IN NICARAGUA In Nicaragua, more than 50 percent of the population lives below the poverty line (US$104) (dol.gov/ilab pg 2) with 80 percent of those people living in extreme poverty. ... The World Bank has developed a support strategy to help reduce poverty and spur growth in Nicaragua. ... T...

• Word Count: 4098
• Approx Pages: 16
• Has Bibliography
• Grade Level: High School

More than 1,900 people have died from Ebola in the four affected west African countries, but many more will suffer the economic consequences. The tiny post-conflict country has been growing at upwards of 8% over the last couple of years, but won't expect anything like that kind of luck now. Finance ...

• Word Count: 2637
• Approx Pages: 11
• Grade Level: Undergraduate

The Republicans claimed that the coupling would fight inflation and increase social mobility.16 The problem with multiple brackets is that if a worker's salary is near the bracket line, and he receives a modest raise, he receives less net income because he is paying a higher income tax rate. ...

• Word Count: 3958
• Approx Pages: 16
• Has Bibliography
• Grade Level: High School

Therefore, Escobar categorizes them into three main objections: post-development overlooking poverty and capitalism as the real problems of development, presenting an oversimplified view of development, along with strong resistance against development in the field, and romanticizing local traditions and social movements. ... James Ferguson and Larry Lohmann, in line with post-development theory, believe that development as a construct of the developed Western world has largely failed, pointing to the specific case study of development projects in Lesotho. ...

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

Globalisation The word globalisation has become a buzzword since its inception at the beginning of the 1990s. A cottage industry on globalisation has emerged from which academics and intellectuals make a living by writing articles and travelling the world debating with others. The financial and business sections of broadsheet newspapers are continuously littered with issues concerning globalisation and meetings are frequently held by the superpowers to discuss the state of the global economy, such as the meetings in Doha in Qatar, Cancun in Mexico and the IMF summit in Dubai. As a result of...

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

Some argue that an expanding global economy provides new opportunities for the developing world to integrate into global markets and to achieve rapid rises in living standards "pointing" to ongoing global growth and a reduction in absolute poverty. ... Immigration rules and relative poverty mean that workers can't threaten to move in the same way. ...

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

Looking at the Russian Economy A country framework should yield results useful for investment planning, policy choice, and financial reimbursement where appropriate. This framework does not explicitly cover longer term and global level assessments, although one could use an essentially similar f...

• Word Count: 4431
• Approx Pages: 18
• Has Bibliography

THE SOUTH AFRICAN ECONOMY Brief economic history During the 1960s the South African economy expanded at an annual average rate of 5,5 percent and experienced average inflation of 2,4 percent. This compared with annual growth of 5,0 percent in industrialised Organisation for Economic Corporation and Development (OECD) countries and inflation of 2,9 percent. Dollar per capita income grew 73 percent during the decade. The 1970s were turbulent years internationally and the domestic economy grew by only 3,2 per cent per annum (versus 3,4 percent in OECD countries). Relative economic performan...

• Word Count: 6046
• Approx Pages: 24
• Grade Level: Undergraduate