Ricardo Lagos

global partners in trade. Pinochet’s new Neo-Liberal approach suggested by the “Chicago Boys” lead to a contracting government and an expanding privatization of the economy. Fast-forward two leaders who followed similar policies but with growing state roles with a goal to eradicate poverty. Eduardo Frei Ruiz-Tagle, whose rein ends at the start of the scope for the MDG’s (in the year 2000) who left Chile with average inflation of 5.7%, unemployment of 7.7%, rise in real wages to 128% and reducing poverty to 20.2% of the population. The next president of Chile was Richard Lagos Escobar who reigned from 2000 to 2006 who sought to expand the country’s social programs. Escobar’s programs targeted “5.6 Chileans who lived in extreme poverty” (Davis-Hamel, 2012) nevertheless led to reduction of the state’s poverty concurrently dropping the poverty rate from 18.7% to 13.7%, from 2003 to 2006. In succession of Lagos was Michelle Bachelet from 2006 to 2010, who had to deal with the global economic crisis of 2009 where Chile’s GDP grew only 2.2% from 2007 to 2009. This was the first time that the national poverty level had risen since the time of Pinochet at 15.1%. In conclusion finding a “balance between the neoliberal model and an active state role in the economy” (Davis-Hamel, 2012) produced the “economic miracle” lowering poverty from around 40% to now 15%. Economic miracles cannot happen unless you have strong educational systems that educates the public to become the most…

BACKGROUND The Overview of the Nigeria Education Sector The Federal Republic of Nigeria, Africa’s most populous country is in the West African sub-region, bordered by Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria currently has 36 states with a Federal Capital Territory and a population of over 150 million people. Osun state is one of the 36 states in Nigeria; it is located in the south western part of the country with a population of over 3…

Since the beginning of the Industrial Revolution in England, many historians and economists, such as David Ricardo, Thomas Malthus, Karl Marx and other contemporary thinkers tried to figure out how to improve living standards of the working poor in a capitalist Industrial system. Though there are some disagreements about the effects of Industrialization on living conditions, it is safe to say that the industrial revolution was made possible through the sacrifice, dehumanization and sufferings of…

New Dawn Baptist Church is a daughter church of New Estate Baptist Church, Surulere, Lagos. In 1983, New Estate Baptist Church implemented a cell church system under the leadership of the then pastor, Dr. Sola Aworinde. Several cells were created in different parts of the city of Lagos. Each of them became fellowship centers meeting primarily on Sunday evenings. They were called Home Fellowships. In due time, the Church decided on a policy of planting new churches using the Home Cells as the…

Developed in the late 18th century, classical economics contains the idea of economists who hold various theories regarding how society works under the backgrounds of emerging capitalism. Though with occasional theoretical variations, each classical economist shared similar thoughts and advanced these hypotheses of former writers. Discussed by the most influential classical economists Adam Smith and David Ricardo, one specific distinctive of classical economics is its theory of wages in which…

Karl Marx is one figure held central to economic theory and practise, born in 1818, his two most popular books, The Communist Manifesto and Das Kapital. (The History Guide. 2008) Marxism more recently is the term attributed to Karl Marx, it can be visually observed to compose the substratum of communism. David Ricardo another central figure in economic theory, born much before Marx in 1772, he was an adherent of Adam Smith’s work, his key theory, the labour theory of value developed in the 19th…

to its no lay-offs promise. This promise is only made possible through the past organizational culture practices that resulted in strong sustainability, especially, financially. • Southwest CEO Gary Kelly, noted that they are always building a “supportive, active and fun” culture. The importance of this culture is evident in the creation of its Local Culture Committees and a Corporate Culture Committee .The success of this culture is evident since Southwest has received the least customer…

Though the ideas of Smith and Marx are often seen as polar opposites, many similarities can be found in the basis of their respective theories. Adam Smith believed that the value of any good or commodity was best measured in labor. “If among a nation of hunters, for example, it usually costs twice the labour to kill a beaver which it does to kill a deer, one beaver should naturally exchange for or be worth two deer” (SMITH, 41). Smith continues by noting that it is natural for a…