Mike Davis and his ideas of the effect of Western contact with the Third World varies greatly from that of P. T. Bauer. Bauer, in his essay entitled “Western Guilt and Third World Poverty”, claims, “Since the middle of the 19th century commercial contacts established by the West have improved material conditions out of all recognition over … Read more
This was the title of the cover page of the prestigious magazine, “The Economist” in its issue of 10/1/98. The more involved the IMF gets in the world economy – the more controversy surrounds it. Economies in transition, emerging economies, developing countries and, lately, even Asian Tigers all feel the brunt of the IMF recipes. … Read more
Economic history First five decades Pakistan was a very poor and predominantly agricultural country when it gained independence in 1947 from Britain. Pakistan’s average economic growth rate since independence has been higher than the average growth rate of the world economy during the period. Average annual real GDP growth rates were 6.8% in the 1960s, … Read more
There is a pressing urgency in every corner of the globe for vehicles that will generate income and offset the devastation of the depressed world economy. People stuck between a rock and a hard place are flocking to Work from Home Business Opportunities. Working from Home Business Opportunities are serving as the life preserver … Read more
Various forms of loans are available in the market to help the people fulfill some of their significant demands. Many companies are available that offer gas station loans to the dealers and operators. The necessity of these loans was found when the retail industry of petroleum was hit by the deteriorating global economy. In fact, … Read more