Plantation economy

especially in transition countries. Regardless of the negative aspects of globalization, its appearance should be accepted as a challenge for the possibilities it offers in economic development and growth. Understanding international political economies can be based on three basic perspectives promptly applied by the United States and the Great Britain. These three dominant perspectives fall under the category of liberalism, mercantilism, and structuralism. According to Balaam (2014), the…

out the multinational strategy are inclined to adopt the decentralized federation organizational system. Many experts have research on the effects of the MNCs and got some conclusions. Firstly, for the effects on the world economy, MNCs enhance the integration of the world economy and international markets deeply; and also promote and control the development of international trade, and make the contemporary international investment and international trade are related to each other; what is more,…

to 150 A.D. The pre-modern economy, according to Angresano (1996, 40) was mostly influenced by social standing, hierarchy, redistribution of goods from the top down, and the influence of religious forces; therefore, this stands in contrast to modern economies in which the market plays a much more active role in distribution. The Roman Empire historically, Angresano (1996 42-43) was an economy based on military conquest and the redistribution of resources from…

polices that protect the worker. Labor flexibility has created a system of low wage labor that relies heavily on part-time contracts on an annual basis. Major transnational corporations, such as McDonald’s, epitomize the development of the South Korean economy in the neoliberal model, which has crated a predominantly part-time workforce without a living wage. In my won working experience, McDonald’s has offered low wages for all levels of the franchise, which exposes the massive levels of wage…

UmohINTRODUCTION This article overviews the growth and development of the Nigerian economy from inde pendence to present times. Specifically, the following periods are discussed: the pro-oil boom decade (1960-70); the period of the oil boom (1971 1977); the period of stabilisation and structural adjustment (1986 - 1993) and the period of guided deregulation (1994 -1998).GENERAL PERFORMANCE OF THE ECONOMY The Nigerian economy has had a truncated history. In the period 1960-70, the Gross…

Norway to generate high level of income independent from non-renawable sources. According to Jafarov, et al (2007), The Fund was established as a tool to support prudent management of Norway’s petroleum wealth. One purpose is to shield the non-oil economy from price fluctuations. The Fund is also a long-term savings instrument. It will help to cope with future financial commitments linked to an ageing population. Accumulation of capital in the Fund reflects the depletion of a non-renewable…

unemployment rate in 2015 was recorded at 5.3 percent in August of 2015, the same as in July, remaining one of the lowest in Europe. One of the reasons why policy makers in developing countries strive to attract FDI is to create new jobs in their economies. Zambia also has a high unemployment rate of 13.30%. If these developing countries sought to seek FDI then workers would be required and most firms would rely on the recipient country of FDI for workers rather than employ workers from the host…

In Toni Bambara’s short story, “The Lesson”, many ideas of living are expanded upon. Bambara uses the main protagonist, Miss Moore, as a sort of gateway for the youth in the story to learn these ideas. “The Lesson” takes place in the 1960’s, which helps provide the reader with a sense of how social standards are set in the story. The story revolves around two main characters, an elderly woman named Miss Moore and a younger girl named Sylvia. The two characters are constantly having a battle over…

conversed in this week’s readings, reflects an external source dictating the economic and political means of another country. To elucidate, the global economy replicates “the international spread of capitalism, especially in recent decades, across national borders and with minimal restrictions by governments” ("Global economy | Define Global economy at Dictionary.com," n.d.). In an exploit to extend capitalism, the global economic market raises controversy, as it generates sweatshops in poor…

In order to have development you need growth in “capital stock, employment, investment, savings, consumption, government speeding, imports, and exports” (Economy & Growth). When one of these starts to grow the development will also start to rise. For Nigeria I am going to focus on their exports of goods and services. Nigeria’s export of goods consist of anything they send out to the world. This consist of…