Cuba’s main source of income was from the production of sugar. However‚ a vast majority of the sugar plantations were in the hands of the Americans. Due to the nature of the crop‚ Cubans are only employed for about 4 months a year. Nationalizations of US owned companies thus provided the regime with necessary resources to ‘return’ the country back to the people. Castro nationalized a billion dollars’ worth of American investments in Cuba and thus removed US’s dominance in Cuba. This thus
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INTRODUCTION: Suez Canal Suez Canal is an artificial sea-level waterway connecting the Mediterranean Sea and the red sea together .It allows Ship transportation from Europe to Asia without the navigation around North Africa. Ferdinand de Lesseps was the creator of this Suez Canal but who knew that this Canal would increase the chances of another world war. The Suez Canal had great importance in the world of trade as it was a shortcut to many countries. But after its making the situation turned
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Emerging markets are nations with social or business activity in the process of rapid growth and industrialization. The economies of China and India are considered to be the largest.[1] According to The Economist many people find the term outdated‚ but no new term has yet to gain much traction.[2] Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion.[3] The seven largest emerging and developing economies by either nominal GDP or GDP (PPP) are
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Negotiation – Cameron’s Swede Dream At present‚ Sweden is the most talked about European economic model. Not affected by the world financial crisis‚ the country grew at almost 4 per cent last year‚ nearly six times faster than Britain. Nicknamed the Nordic tiger‚ Sweden continues to invest in welfare while other countries can no longer afford it. Even normally conflicting parties are attracted to this model: the Left because of high taxes and government spending‚ the Right due to profitable
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Franklin Roosevelt fought the Great Depression as if fighting a war‚ and so assumed wartime presidential power. During the Great Depression‚ FDR and the government were able to pass legislation that created a more socialist and seemingly communist society. In the areas of the country hit hardest‚ like the Tennessee Valley‚ extreme measures were taken. The government established the Tennessee Valley Authority with the purpose to address the crisis. With the Tennessee Valley Authority‚ the government
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The Causes of Unrest in the Middle East The causes of unrest in the Middle East are historical‚ religious‚ economic and geo-political. Ancient history and ancient civilizations can serve as a framework for understanding some of the existing enmity. For example‚ the Persians (Iranians) and the Babylonians (Iraqis) have been fighting for more than 3‚000 years. However‚ the current unrest in the Middle East is the result of Western ethno-centrism and colonialism (covert and overt)‚ combined with
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2.2.5. Divergence of Urban Assessment Actors By referring to the different stages‚ the lands were state owned until the year of 2000. The policy of nationalization of lands (12) during 1963 has secured the state lands right‚ which then became an important actor on land distribution (fig.23). The household incomes and the social status were the government selective criteria to either living in the European houses or being evicted. For the excluded groups‚ the government has started some housing
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Writing during the height of the Algerian war‚ Frantz Fanon faced a divided African continent . The Wretched of the Earth reads as a warning sign to those residing in the newly independent nations of the Third World‚ of the threat posed by the nationalist bourgeoisie. His chapter on ‘The Pitfalls of National Consciousness’‚ examines how the aspirations of the colonized bourgeoisie come to overshadow the desires of the working class; and‚ rather cynically how this privileged elite merely seeks to
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MIA > Archive > Mandel E. Germain The Marxist Theory of Imperialism and its Critics (August 1955) From Two Essays on Imperialism‚ New York 1966. Transcribed by Joseph Auciello. Marked up by Einde O’Callaghan for the Marxists’ Internet Archive. Introduction Since the spring of 1916 when Lenin wrote his pamphlet Imperialism‚ that work has been a focal point of discussion by both Marxists and non-Marxist political economists. Many critics have attempted to prove that Lenin’s analysis
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TRADE UNIONISM‚ COLLECTIVE BARGAINING AND NATION BUILDING: THE NIGERIAN EXPERIENCE Charles N. Okolie Introduction It is a well known fact that the growth and development of any nation depends on the structures it has carved out for itself. In Nigeria‚ amidst the various arms of the government which has been working tirelessly to ensure the growth and sustenance of the Nigerian state is the emergence of trade unions. The colonial influence in Nigeria has left much to be desired. The emergence
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