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From direct foreign investment to the flow of capital, there are endless factors that affect the economies of the world's poorest countries. Knowledge of the struggles of these countries--also known as the Least Developed Countries (LDCs)--is essential to understanding the impact of globalization. This work provides a platform for grasping why developed countries are reaping the benefits of globalization while the LDCs are being left behind.

Topical chapters seek to uncover the processes that LDCs should take to reverse their marginalization and build their economies so that they can...

Situating Gorbachev and perestroika historically and ideologically, this book provides a comprehensive analysis of Soviet political economy in the context of socialist theory and seven decades of its application in the Soviet Union. A. F. Dowlah challenges the belief that socialism is sternly committed to centralized economic and political structures, and claims that socialism contains several theories, some more decentralized or democratic, others more authoritarian.

Although the contemporary crisis in the socialist economies powerfully challenges the foundations of socialist theory...

Available research suggests that less developed countries have significant competitive advantage over developed countries in three major areas of international trade: agriculture, textiles and clothing (T&C), and cross-border labor mobility. Incidentally, these are also the trade sectors which experienced widespread protectionist measures, especially in developed world, for decade after decade. Under the World Trade Organization (WTO), which replaced the General Agreement on Tariff and Trade (GATT) in 1995, much of the restrictions in T&C trade has been phased out, but still this sector...

This description of real-world models and interpretive perspectives on Soviet economic and political theory and practice from 1917 through 1991 encompasses War Communism, New Economic Policy, Stalinism, and the reforms and debates of Krushchev, Brezhnev, and Gorbachev. The work focuses on political economy as contrasted with pure economy, and it is organized on a more or less historical basis. The work demonstrates the forces that led to the disintegration of the Soviet state.