1. Does the gap between rich and poor countries widened?
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. ... Moreover, the end of the cold war and the fall of communism in 1988 precipitated the communist countries to adopt a new model of economy. The models that were in place since World War II collapsed and the laissez-faire neo-liberal capitalism became the dominant ideology. ... There are, at least, five different levels of development: industrialized countries, the economi...
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- Approx Pages: 26
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- Grade Level: Undergraduate