|
The
process of trade and financial liberalisation
under a capitalist economy, which links
the pace of technological and structural
change to that of the advanced capitalist
world, must necessarily lead to increase
in unemployment, a constant wage rate
at subsistence and increase in absolute
poverty for a larger section of the work
force. This trend is further strengthened
by the demand pattern of the classes whose
income shares increase in this scenario.
A socialist economy, in comparison, can
opt for an alternative trajectory of development
through control over the pace of technological
change, brought about through trade and
capital controls.
October 29, 2006.
|
|
|
|
This Document is in Adobe
Acrobat format and would
need a PDF reader to
view it. |
|
 |
View/
Download the
full text in PDF format |
|
if
you have problem
opening the file, right click
on hyperlink and select "SaveTarget
as" to save
the file on your hard drive. |
|
Size:
51.2 KB
App. Download Time:
less than 1 min @ 28kbps |
|
|
| |
|
Click below
to get Adobe
Acrobat Reader, a free software
to view and print Adobe Portable
Document Format (PDF) files. |
|
 |
|
|
|
| |
|