Sample Essay on:
COMMODITY CHAINS AND GLOBALIZATION/ THE IMF AND ITS ROLE IN THE EAST ASIAN AND RUSSIAN FINANCIAL CRISES

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Essay / Research Paper Abstract

This 15-page paper attempts to answer two questions: the use of commodity chain analysis in terms of describing globalization and the role of the IMF in the East Asian and Russian currency crises. Bibliography lists 3 sources.

Page Count:

15 pages (~225 words per page)

File: D0_MTcomimf.rtf

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Unformatted sample text from the term paper:

Before determining how commodity chains provide a useful method of explaning globalization, its first helpful to define what commodity chains and globalization involves. In their most basic forms, commodity chains are considered and defined as "a network of labor and production processes whose end result is a finished commodity" (Sano, 2000; see also Hopkins and Wallerstein, 1994). Commodity chains, in other words, involve the linkages of labor inputs, as well as material inputs, from the production area (such as factories) through transportation, then to the market place (also known as the "consumption site" by many experts) (Sano, 2000). The concept of commodity chains also help measure labor inputs as well, through one commodity (Sano, 2000). Finally, analyzing a commodity chain demonstrates how production, distribution, marketing and consumption are formed and shaped by social relations (including firms and organizations) that end up formulating sequential stages of input acquisition, "manufacturing, distribution, marketing and consumption" (Sano, 2000). Lets also spend some time defining globalization - which again, in its most basic form, involves the flow of capital, goods and services across borders, thanks to limited tariffs and other obstacles. All of this flows between nations, both wealthy nations and poor nations and in theory, globalization makes all nations an equal player when it comes to economies. The idea is that investment from wealthier nations to poorer nations will help boost the economies of those poorer nations, so they can compete on the same level as their wealthier counterparts. Its a nice theory. But the reality, as well see, is a little different, and we can definitely use the concept of commodity chains to ...

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