How economic development in the global south nations can be better managed
Their real cost would be the greater concentration of income in the short run, since, initially, the wages of their less skilled workers would relatively decline and would only rise again if they went through a qualification process inherent to the development centered on industries with higher technological content.
The World Trade Organization and the shrinking of 'developent space'".
Global south issues
The success of the dynamic Asian countries is partly due to the fact that they always keep control of their exchange rate, preventing it from appreciating, and, therefore, ensuring the existence of good investment opportunities for entrepreneurs and the full employment of the factors. GLOBALISM Due to the increased interdependence between nation-states in global capitalism, it was said that nation-states were no longer sovereign; moreover, they would have lost relevance. In order to successfully compete in globalization, the necessary national development strategy of the successful Asian countries was always based on a severe fiscal adjustment and a competitive exchange rate. If the reader thinks this definition is strong, there is an alternative: globalization is the economic competition at world level between corporations supported by their corresponding nation-states. The clearest evidence of this fact lies in the activities of the ambassadors of rich countries in developing countries. Later, we saw the emergence of a growing number of nation-states, as the old colonies became independent. In the same line, the World Bank published a report in which it stressed globalization's success in promoting the reduction of poverty and the catching up. A fourth definition in the same line - with the difference that its origin is not neo-liberal or globalist but Marxist - is to say that the logic of capitalist accumulation became global, that capitalists have no homeland, that they invest where profit opportunities are higher, so that, once again, the nation-state would have lost autonomy and importance.
He knows them, and he does not hesitate in protecting their interests, since this is one of his two basic and legitimate missions the other one is to protect his country's commercial interests.
This process enables developing countries to catch up profiting from their advantages of cheap labor and capacity for importing technology at a relatively low cost, and, at the same time, would guarantee that rich countries continued to grow at satisfactory rates, even if facing the problems of delocalization and de-industrialization.
Create an enabling environment for improved trade in services, including preferences for LDC services exports and, within LDCs, addressing supply-side constraints and investing in infrastructure services.
Countries specialized in oil or natural gas export were excluded. The success of the dynamic Asian countries is partly due to the fact that they always keep control of their exchange rate, preventing it from appreciating, and, therefore, ensuring the existence of good investment opportunities for entrepreneurs and the full employment of the factors.
This is broadly the case of the dynamic Asian countries.
In the same line, the World Bank published a report in which it stressed globalization's success in promoting the reduction of poverty and the catching up.
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