This chapter introduces the predominant means of thinking about globalization, from the historical experience of the developing world to provide the tools required for assessing the viable options developing countries currently face under globalization. ... Globalization has also increased competition giving people incentives to keep becoming more efficient. ...
" He provides an outline for the tenets of post-development as creating a different discourse not bounded by outdated constructs of development, changing the practices of knowing, and expanding knowledge centers to give salience to the recipients of development. ... In this chapter of Exploring Post-development, Ziai narrows down the criticisms shared by most critics of post-development into an uncritical stance towards local communities and cultural tradition, rejection of modernity and its positive advances, concealment or ignorance of oppression legitimized as cultural tradition, h...
Adam Smith was born in Kirkcaldy, Fife, Scotland in 1723. His father died before he was born and was raised by his mother. He attended Glasgow University for three years and later on went to Balliol College, Oxford for the next six years of his life. Afterwards, he decided to return to Kirkcadly in ...
(emphasis in the original) If this were not enough, there is a whole series of further problems concerned with the question of whether or not micro-production functions can be aggregated to give a macro-relationship which can be shown to reflect the underlying technology of the economy in some meaningful way (Walters, 1963, Fisher, 1987, 1992). ... It is either an illuminating parable, or else a mere device for handling data, to be used so long as it gives good empirical results, and to be abandoned as soon as it doesnt, or as soon as something else better comes along" (Solow, 1966). ... F...
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 minister Amara Konneh says that's mostly because of damage done to mining, agriculture and service industries, as investors evacuate foreign workers, borders close, and international flights are suspended. Breadbasket regions are under quarantine, making agricultural trade impossible. Sime...
At the time this Report is being released, the world economy continues to emerge slowly from the most serious economic crisis of the post–World War II period-one that has deeply transformed the global economy and highlighted the increasingly important role that emerging markets and developing econ...
