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Question 1
The state-managed development strategies were means by which the government takes the task of investing for the purpose of improving the living standards of its citizens, creation of job opportunities and increase on the wages. State-managed development strategies however, relies on the successful efforts by the various agents who implement government programs at various levels of government making it difficult for the government to implement these strategies across the state. Market-based strategies on the other hand encompasses suitable compensation, a suitable macro-environment and ownership of private property. Development works to empower people so as to allow them to pursue their goals, while improving their living standards and monitoring the environment within which they are interacting.
The international monetary fund (IMF) acts to advice its members on the various policies pertaining the economy and finances to enhance economic stability. The world bank acts to give advice, oversee implementation of the policies pertaining competition and markets. The WTO acts to ensure that there is sound commercial negotiations and follows up to ensure these negotiations are enacted.
Question 2
Poverty governance
Poverty is as a result of low productivity which means that the poor cannot afford to feed themselves adequately, a decent shelter, clothing, quality education and health care. Low productivity emanates from the poor people lacking access to credit, lack of information, use of outdated technologies and lacking the appropriate skills to perform a given task. With globalization in place, there will be an opportunity for everyone to access the markets, technology, and credit/capital to enhance better governance.
Outsourcing
Outsourcing is the practice of acquiring a party previously not in the company or a party from abroad, to carry out the activities within the organization or the country. Globalization on the other hand means that there are set of rules that govern trade practices among states. Outsourcing is therefore, possible through globalization where companies are hiring experts across the globe.
Recolonization
Through globalization, there is a rapid growth in international trade leading to the world’s economy integration.in the modern world, recolonization is evident whereby territories are being captured by use of materials or resources through an agreed term without the use of force. For example, Africa invasion by the Chinese.
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