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David Ricardo is credited with synthesizing economics in the 19th century. Though some of Ricardo's theories have been modified and superseded, his foundational role in the development of economics is widely acknowledged.His famous book appeared under the title On the Principles of Political Economy and Taxation in 1817 and had three editions before his death in 1823.In the preface of the Principles, Ricardo clearly stated the three major objectives of ...
India, Australia and South Africa are the three major regional powers in the Indian Ocean region. While Australia is a developed country with a very high level of economic affluence, the South African society’s problems are mainly drawn along racial lines. Blacks in South Africa have an overwhelming majority in numbers, and yet most of the black people in South Africa face serious problems of unemployment and poverty. The whites in South Africa ...