Developing Countries are Depending on Economic Globalization to Achieve First-World Standard of Living

Usha C. V. Haley, George T. Haley and David M. Boje

Chapter 7 in Storytelling in the Global Age:There is No Planet B, 2019, pp 125-129 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Narrative 7: Globalization introduced a radical change in world economy in the 1980s with China, and 1990s with Soviet bloc and India (Bourguignon, 2017: 75). The result is that 1 billion workers, mostly unskilled, entered, which resulted in increased international trade (Hecksher-Ohlin model) with Southern countries exploring unskilled labor to North with technology-intensive goods (Bourguignon, 2017)…

Keywords: Globalization; The Sixth Extinction; Planet B; Storytelling; Myths (search for similar items in EconPapers)
JEL-codes: F13 F23 F6 M16 (search for similar items in EconPapers)
Date: 2019
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