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Essay / Research Paper Abstract
This 8 page paper discusses how developing countries have fared with trade reforms and globalization. An emphasis is placed on Africa. The data are dismal. While more open trade has helped some nations, others are worse off now than they were twenty years ago. For instance, low income developing countries account for more than 40 percent of the world's population but they have access to only 3 percent of the world market. The essay provides an overview of world trade as it affects developing nations and the pressure being put on them to reform. The problems inhibiting African trade are identified. Data are included. Bibliography lists 5 sources.
Page Count:
8 pages (~225 words per page)
File: MM12_PGafrtr.rtf
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Unformatted sample text from the term paper:
40 percent of the worlds population but they have access to only 3 percent of the world market. The essay provides an overview of world trade as it affects developing
nations and the pressure being put on them to reform. The problems inhibiting African trade are identified. Bibliography lists 5 sources. PGafrtr.rtf TRADE DEVELOPING COUNTRIES by Dr.
P. McCabe, April 2003 properly! The gap between rich and poor countries has widened. According to the United Nations,
the richest 20 percent of the worlds population received 70 percent of global income in 1960 but by 1989, the richest 20 percent was getting 82.7 percent of global income
(Nugroho 2002). During that same time period, global income to the poorest twenty percent of the worlds population shrank from 2.3 percent to 1.4 percent (Nugroho 2002). Developing countries with
low income account for more than 40 percent of the population in the world but they have access to only 3 percent of the world market (Nugroho 2002). Rich countries
export goods and services that have a value of $6,000 per capita, developing countries exports are valued at $330 per capita and low income countries export only $100 per capita
(Nugroho 2002). To bring this into more perspective, there are 1.1 billion people in the world trying to survive on less than $1.00 per day (Nugroho 2002). The data get
worse. Looking at the l00 largest world economies, 51 are corporations and 49 are countries (Nugroho 2002). Wal-Mart, which is the 12th largest corporation is bigger than 161 countries, including
Greece, Poland and Israel (Nugroho 2002). Another example, Ford is bigger than South Africa (Nugroho 2002). Globalization is driven by neo-liberalism, which supports the principle that economics drives life and
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