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Economy Ebooks

Western Economic Education & Poverty in third world.i

Downloads: 66         Pages: 145

Published: 3 months ago

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Author: N Natarajan


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Economic Theories and processes have deviated from the intent and natural path. The Ecconomics is all about people who produced the products & services, the Products& Services and the consumers who producced products and consumers. It is about The theories can be traced to Colonial days when Aggressing nations developed processes to create wealth from the natural resources (LAND) of conolized countires, Elite in the society close to aggressors as (investors) and Labor of Citizens and help the enterprise in generating wealth that was stashed away to aggressing countries. While citizens were eligible only for labor (that too when there is a work to do) the wealth of the nation were shared between aggressors and the elite. Developed nations added a top layer, sharing of nation's wealth with a formula 80:20, which esrtwhile colonies, third world countries do not have. The entire wealth of the nation is either stashed awy to other countries or cornered by Leaders & corporates only.


How many of Professionals from various walks of life understand, what really economics is? What make some rich and every one poor? n Governments follow certain processes for the welbeing of their citizens. There are various schools of thoughts which gave rise to different government forms. Common to everything is People and their welfare. Today, the economics and Leaders of stocieties have drifted from this goal. There are different goals, such as GDP, Economic Growth, Stock market number. Unfortunately none of them have relation to the welbeing of their citizen either direcctly or indirectly. You will find the societies that use Western Economic theories have poverty, unrest among people. There are new parameters to Economics which no author of economics books thought of. You may read this book and confront me, if I were wrong anywhere in the ebook


N Natarajan

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