... in March/April 2003 between a US-led coalition and Iraq shifted resources to military industries and introduced uncertainties about investment and employment in other sectors of the economy. Long-term problems include inadequate investment in economic infrastructure, rapidly rising medical and pension costs of an aging population, and sizable trade deficits. Personal consumption ... 51% of the world pharmaceutical market in 2002 followed by Europe at 25%; Japan, 12% other Asian markets, Africa, and Australia, 8% and Latin America, 4%. North America is not only the largest but also the f...

• Word Count: 4068
• Approx Pages: 16
• Grade Level: Undergraduate

... A corollary of this definition is that globalisation leads to convergence, through market pressures that emphasise 'best practices.'5 While there is empirical evidence to demonstrate major changes in the international economy over the last several decades, especially in the deregulation of global capital markets the degree of convergence of macroeconomic policy around a single neo-liberal model is overstated. Analysts are now ... intellectual pegs on which Latin American governments have hung certain policies. Neo liberalism will not be torn up in Latin America. Rather, new currents in of...

• Word Count: 9082
• Approx Pages: 36
• Grade Level: Undergraduate