Many of these countries are located below 20 degrees latitude. ... If distance and geography did not matter for economic development, the world would witness a much more even distribution of wealth and standards of living across regions and countries. ...
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 flaws in the policies can be seen from the discussion below. ... By blocking access to the market, rich nations end up depriving poor nations of an opportunity to improve their living standards. ...
Their book represents a conscious attempt to report the typical opinions and thought processes of the real life subjects of living conditions in the urban underclass neighborhoods. ... Its statutory aims are to improve living conditions in the poorest countries and reduce poverty in middle income and creditworthy poor countries. ...
The IMF provided long and short-term loans at below market interest rates for countries in all sorts of economic difficulty (Milner 2005, p.9). ... In addition, poverty continues to prevail, with an estimate of 20% of the world's population living on less than a dollar a day, and more than 45% on less than two dollars a day (Ravaillon 2005, table 2). ...
Many see it as a primarily economic phenomenon, involving the increasing interaction, or integration, of national economic systems through the growth in international trade, investment and capital flows. However, one can also point to a rapid increase in cross-border social, cultural and technological exchange as part of the phenomenon of globalisation. The sociologist, Anthony Giddens, defines globalisation as a decoupling of space and time, emphasising that with instantaneous communications, knowledge and culture can be shared around the world simultaneously. A Dutch academic who maint...
benefits and threats of globalisation Introduction There are processes in the international order--driven by revolutions in communication and information technology--that exhibit seemingly inexorable globalising tendencies while, at the same time, there are a range of actions, adopted by states and non state actors alike, that attempt to resist these often ill defined phenomena captured by the all embracing notion of 'globalisation'. For example, the long term tendency towards freer trade, electronic commerce and the seemingly uncontrollable power of deregulated capital markets do...
