U.S. public and private debt is traced to the decision of the First Congress in 1790 to borrow the new nation's money supply. This established a debt imperative that requires debt to grow by compounding interest. When debt fails to grow enough, the economy goes into various degrees of recession....

This paper analyzes the impact of debt forgiveness on economic equilibrium. Since the root cause of an economic crisis is debt, eradicating the root may solve the problem. However, it does not prevent future crises from occurring. It is found that debt relief in a global scale can help reach...

This study examines and analyses the phenomena of unskilled temporary male labour migration from Bangladesh to Malaysia by focusing upon the decision making process, its economic and social impact at the point of origin, and the significance of the role of networks at origin and destination....

Back in 1990 the Report of the South Commission – perhaps in a nod to I. Wallerstein's ‘The Modern World – System', qualified developing countries (also called the South) as ‘largely bypassed by the benefits of prosperity and progress', ‘unfavorably placed in the world economic system'...

Globalization is the process of increased interconnectedness among countries. The prosperous economic development that is typically gained because of the increased interconnectedness among countries usually results in a better standard of living, and an overall improved quality of life. The...

The current paper reviews the impacts and effects of technical transfer and change on the economic patterns of developing countries. It has been postulated that production factors, labor and capital have the greatest effects on economic and development patterns. However, technical change emerges...