The connection of computers on a global platform has really driven technological innovations over the years. From web applications to data sharing, the Internet promises a new scope of technological development which is likely to change the destiny of humanity forever. In view of this, it is apparent that the technology can be exploited by developing countries for their own growth. Over the years, criticisms have been laid on unfair trade policies as one of the reasons why developing countries…
First I will outline what exactly is meant by economic environment. An economic environment is made up of many different factors, firstly there are cultural factors to be considered for example when investing in a country such as Saudi Arabia an investor should be aware of the strict religious customs there and the effects this may have on the way they can conduct business or the product they sell. A second factor that makes up an economic environment is the political and economic environment…
To achieve political stability, the government would have to focus on fiscal responsibility, enhancing credibility, and long-term investment decisions such as infrastructure. According to the International Fiscal Affairs Department, “Research indicates that a sound fiscal position is key to achieving macroeconomic stability, which is increasingly recognized as a critical ingredient for sustained growth and poverty reduction.” Fiscal responsibility can also mobilize domestic savings, increase the…
Source 1 is a statement created by Christian Lous Lange and it speaks strongly on the ideological perspective of internationalism. The source is opposing another form of nationalism since it starts off by comparing internationalism with another term by stating “on the contrary”, and this implies that the author is against nationalism because he is not in favour of its “one- sided” (ness) and how it is controlled by showing only one opinion or point of view without the consideration of…
differences in intelligence among the respective populace of nations, but rather it came down to a chain of events that proved to serve them differently. The outcomes of their success with development are based mostly on differences in circumstance and geography, little of which seemed to be in their foresight or control. In light of this and after…
All the products that surround the American person are most likely labeled “Made in China.” Globalization, which is defined as the process in which businesses or organizations develop international influence or start operating on an international scale, is to thank for this. Though all of the products we enjoy today are magnificent, some come at a cost. The price we purchase goods at might be rather low, but the price the world is paying for globalization is immeasurable. Globalization is…
Consumerism is something that is inevitable for every individual including myself, as we are encouraged and peer pressured into buying the latest commercial goods. This is something which various individuals such as environmental activist David Suzuki, (Suzuki et al, 2007) mentioning the rise of a consumerism worldview. Other fellow thinkers like, Victor mentions how the unprecedented economic growth leads to rapid changes in benefits and costs with respect to the environment or in general the…
Country image is one of many extrinsic signals (e.g., brand reputation, price, etc.) that may contribute to an overall image of a product (Eroglu and Machleit, 1989). The country image is created by such variables as representative products, political and cultural environments, socio-economic development (Wang and Lamb, 1983), history, economic and political background, national characteristics, and traditions (Nagashima, 1970). Most past research has either illustrated or assumed image of…
All the nations of the world have different resources or skill sets to offer to the world. It is a macrocosm of how people interact and work with one another, offering what they can and asking for what they need to create something for the betterment of themselves, their office, or their company. It is a macrocosm in a sense that the different nations try to work as one unit to make life better in general. Like everything else in this world, not all nations are perfect. There are going to be…
Food Aid Impact on Developing Countries Food aid has created a way for underdeveloped nations to receive the emergency aid their countries need. Nations like Democratic People’s Republic of North Korea (DPRK) can misappropriate national funds on military projects instead of developing their agricultural industry (Feffer). On the other hand, countries like Ethiopia are dependent on foreign relief and are claiming a dependency syndrome (Siyoum, Hilhorst, Uffelen). Food aid does create a…