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Globalisation is the new age colonization whereby the hegemonic capitalist state has overtaken theworld. The dialectics … of economics has reignited the argument of open economy versus closed economy. Present scenario is such that the less …. Statesmen like Chanakya and economists like Adam Smith have all been consensual to the fact that politics and economics are …
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Industrialization has long been seen as the answer to underdevelopment and poverty. First this led countries to follow protectionist import substitution policies but as these failed developing countries have opened up to trade and FDI and tried to follow strategies of export driven...
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This paper assesses the relative merits and demerits of different East Asian models by placing them in a historical perspective. It re-interprets Gerschenkron's model of late industrialization, and extends it to compare East Asian economies in view of substituting and complementing models. It...
Persistent link: https://www.econbiz.de/10012913447
Thomas Friedman has argued in The World is Flat that those who deny rapid globalization will not survive in the global economy. First, we critically discuss Friedman's views and highlight the new globalization driven by outsourcing and vertical specialization. Second, we argue that Friedman pays...
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