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Gillespie: Foundations of Economics

Unit 33

Aid
Read this Oxfam article suggesting aid is linked to inappropriate economic conditions.
www.oxfam.org/en/policy/briefingpapers/bp96_kicking_the_habit_061127

Global economies
"The contours of the global economy are changing. The collective economic dominance of the United States, Europe and Japan—the so-called triad economies—is giving way to a greater dispersal of global economic power as developing economies contribute an ever-increasing share of the world's output, trade and investment. The raw figures tell their own story: today the developing world accounts for 49 percent of global GDP, up from 39 percent in 1990, and is likely to surpass the developed world within the next two decades. This extraordinary transformation of the global economy, its drivers and characteristics, and its implications for business form the main focus of this study." To read this study visit
www.accenture.com/Global/Research_and_Insights/Policy_And_Corporate_Affairs/ExecutiveSummary.htm

Rise of developing economies
To read about the increasing role in world business being played by developing economies see
newsvote.bbc.co.uk/mpapps/pagetools/print/news.bbc.co.uk/1/hi/business/6054866.stm

United Nations Conference on Trade and Development
For more information on this conference visit
www.unctad.org