On Missing The Boat

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Political Science
Ingrid L.Stefanovic

On Missing the Boat: the marginalization of the Bottom Billion in the World Economy Globalization helping countries break into global markets for goods and services other than just primary commodities They started off with just a primary industry but are now exporting other materials Manufactures and services offer much better prospects of equitable and rapid development They use labour rather than land which is cheaper Rich world imposed trade restrictions on the poor world Rich world started to set up their factories in Asia because of cheap labour Outsourcing No one invested in Africa even though its rich in resources but the grievances that occur are unstable to create business The growth of global trade has been good to Asia But its a trap that the developed countries have made P
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