According to the 2002 Human Development Report, from the United Nations Development Program, of the 6.2 billion people on earth, 1.2 billion live on less than $1 a day for their hard work. This would be fine if they were able to afford basic food, clothing, shelter, and access to health care on this...

THE IMPACT OF THE MINIMUM WAGE Since January 1993, the American economy has created 21 million new jobs. In the last four years, labor productivity has grown at a 2.9 percent annual rate and GDP has grown at a 4.4 percent annual rate. At the same time, the underlying core inflation rate in 1999 w...

In the twentieth century, export–led industrialization fuelled by foreign investment and technology (ELIFIT) has become an economic and social development strategy for many countries of Third World. In the 1950s and 1960s, a group of Latin American and East Asian countries adopted such a strategy ...