1. How globalisation affects different economies
Globalisation is the process of economic integration in the trade, financial and labour markets leading to the emergence of a single world market. ... LDC's (Least Developed Countries) are a sub-group identified by the United Nations; these economies suffer from the lowest GDP per capita levels in the world - less than $US900 per year. 34 of the 49 labeled LDC's are located in sub-Saharan Africa, and include countries such as Sierra Leone and Mozambique. ... Measuring by GNI, around three quarters of the world's raw GNI output belongs to high income or advanced economies. ...
- Word Count: 1477
- Approx Pages: 6
- Grade Level: Undergraduate