Essays on Developed Country

HISTORICAL CAUSES OF POVERTY IN LEDCS

There exists different causes of poverty ranging from political institution to geography or colonization to industrialization, over population, wars and corruption among others. But in this paper, our interest will be on the historical causes of poverty such us; colonization, civil wars and the 1970 debt crisis in the LEDC. Countries can be classified into two categories, that are the MEDC a More Economically Developed Country a good example is the USA, Germany and UK and an LEDC a Less Economically Developed Country for example, Sudan and Ethiopia. There are many reasons as to why these categories exist. One ...

How does a firm’s corporate strategy affect its operation management?

Corporate strategy, by definition, views the organization as a complete system which is known to be formulated of departments or functions which are interconnected and dependent on each other in such a manner that they aim to achieve the ultimate corporate goals (Krajewski & Ritzman, 2005). In other words, we can say that corporate strategy is a bigger picture which shows how inter-linkage about various departments or functions can result in the attainment of final aims and objectives. Operations management or operation strategy basically focuses on ensuring that the small tasks are carried out effectively which ultimately makes the achievement ...

In order to define ‘economic development’, I have looked into the literature on the subject to subsidize my answer. I have looked particularly into the works of Acemoglu, Laibson, & List (2016) and Rahnama-Moghadam, Samavati, & Dilts (1995). Acemoglu, Laibson, & List (2016, p. 205) indicate that the term less developed country (LDC) fosters images of backwardness, poverty, and lower levels of technological sophistication. They claim there is some truth in these images but, nonetheless, there is a broad range of countries that are correctly described as being less developed. One country has not reached the known levels of financial well-being that ...

In present economic scenario many people are underemployed even though the unemployment rate is low i.e. workers are less unemployed but still the underemployment rate is high. This underemployment is a social problem. It affects the job growth, poverty levels, business growth and career growth. Unemployment rate is the fraction of the labor force that is out of work and looking for a job or expecting a recall from a layoff. But underemployment is the measure of employment and labor utilization in the economy i.e. the way the labor force is utilized in terms of skill , expertise and availability ...

Unsuccessful business connotes to a wasted effort. Unequivocally, worthy investments are requisite to the future financial security coupled with myriad accomplishments. Establishing an investment or rather an asset management business is primarily vital. Also, raising funds for business, thereby, investing in a competitive market explicitly illustrates the direction of a particular entity. Distinctively, a group of individuals based in London intends to invest into vintage cars and art pictures. The highlighted business necessitates myriad clarifications with regards to the investment. Essentially, the suggested business is majorly embattled with limited funds. The paper endeavors to establish whether to raise funds from a developed country or ...

Uganda

As a country well endowed with many substantial resources, Uganda, an African country, is blessed with great economic potential. However, years of self ruling and unstable economic management has made this country one of the least developed country, with a high percentage of poverty. The current president of Uganda, Museveni, helped in rebuilding the economy by negotiating a policy framework paper with the IMF and the World Bank. According to World Bank’s Worldwide Governance Indicators, the country annually loses 768.9 billion shillings or $286 million due to the severe problem of corruption. However, Uganda has maintained a stable debt position due to ...

Japan, a well-developed country, which is geographically located in East Asia, between North Pacific Ocean and the Sea of Japan, is one of the most influential countries in Continent of Asia. Many Western Countries are well developed as well like The United States, Australia and other European Countries. In response to the question if Japan is a Western, well the answer is yes. Geographically, Japan is not even located near those of Western Countries, but if we are going to look at it based on how the country’s Economic Status, it is very Western-like country. That is because they consolidated ...

Introduction

Teenage pregnancy in modern societies is being viewed as a dysfunctional. Historically, across cultures it was discovered to be functional since teenage couples were encouraged to begin raising a family very early. With contemporary educational trends this value of childbirth at a very early age has been replaced by getting into college, having a degree and then thinking about childbirth in one’s late twenties; thirties or even forties. This research project hopes to explore how appropriate this perception of when pregnancy should occur and the damnation cast on teenage pregnancy in our modern world. It is also the author’s intention to ...

Introduction

Global branding can be simply referred to the process whereby a company directs its efforts at spreading its name, brand, and logo worldwide. According to Chabowski, Samiee, and Huit (as cited in Lu, 2014, p.36), “global branding is defined as the manner in which firms select, manage, and control their brands across international markets”. Firms follow the global branding strategy for several reasons like obtaining access to fast growing markets, exploiting economies of scale, and broadening the customer base. If a company manages to apply global branding and brand positioning strategies collectively in a thoughtful manner, surely it can take greater advantages ...

International Business-Marketing Sonic Drive-Thrus in the UK

Introduction Sonic Drive-In is an American fast food restaurant that takes advantage of the drive-in fast food-service. In a drive-in service, customers often do not stay inside the restaurant. They just drive through the restaurant to buy food or whatever type of commodity they wish to acquire from a drive-in store. Sonic Drive-In operates in the food and service industry. The objective of this paper is to discuss what type of management and management approach the Sonic Drive-In company applies in their expansion plans and actions as a whole, and some recommended plans and actions they could undertake should they finally ...

Ireland Tenancy

INTRODUCTION The term economics is a prime essence that has its own identification and presence in every sphere of life. Because of being wide field, the different philosophers and think tanks proposed varied range of definition to uncover the better understanding of economics and every time, these hold opposing views from one another. The foundation of economics was kept by Alfred Marshal and Adam Smith, who are considered as the father pioneers of economics (Sloman, p.14). The proposed the standard definition that exemplify in a simple statement that the economics are something about how to generate money and its feasible ...

Introduction

Economics is the name of earning and utilizing the money at a place from where the likelihood of earning would be on a higher place. Adam Smith and Alfred Marshal are known as the Father of Economics (FOE) and according to them, Economics is the subject which stated that how to earn the money and how to consume it . There are two different kinds of economics, which particularly are Macroeconomics and Microeconomics. Microeconomics is the name of economics which relate to individual economics, while the economics concerned with the economy as a whole is known as Macroeconomics. It is one of ...

Introduction

Foreign direct investment (FDI) is defined as a cross-border investment by an entity resident in one economy with the objective of gaining a long-term interest in an enterprise resident in another economy. Another definition asserts that FDI “ involves the transfer of tangible and intangible assets from one country to another with the purpose of their use in that country to generate wealth under the total or partial control of the owners of the assets”. In both definitions, it is apparent that foreign direct investment involves the movement of capital and assets from a home country to a host country, where the money is ...

International Political Economy

International Political Economy

Introduction

Interest groups, domestic politics, and institutions, both domestic and international, are important factors that determine the foreign economic policy of a given country. Interest groups perform certain obligations, based on their capability to regulate competing industries to ensure safe and free trade. Besides, political leaders are required to execute some demands from the voters as pertains to the economy of the country to secure them a win in next elections. Finally, institutions form a link between countries undertaking international trade as they sign treaties to facilitate this trade. Economists have come up with some theories, which illustrate the interplay ...

People have seen the rise, prosperity and ruin of different civilizations. Although regulations and legislative documents have been adopted, human beings still commit crimes. Nowadays, crime appears to be a serious problem. Crime became an inalienable part of our life. Our society is full of cruelty and inhumanity. People hear about crime every day. Thousands of criminals steal our property and rob our houses. It is devastating for us, particularly when we lose sentimental belongings or when people are killed by murderers. Various classes exist in our society (rich, middle, and poor). Poor families face the problem of alcoholism, ...

Abstract

Natural disasters have always happened and will continue to happen. Unfortunately, there is a major difference in how developed countries prepare for and respond to natural disasters, compared to developing countries. When a disaster hits a developing country, the death rates are much higher than in a developed country, the recovery period takes longer and the long term economic impact is more severe. This paper looks at the causes for the differences and addresses steps a developing country can take to be better prepared for and respond against potential natural disasters. There is a distinct difference in the terminology disaster professionals use between the ...

What separates the developed world from the transitional nations?

There are many factors that separate the developed world from the transitional nations. According to United nation Statistic Division, there are no fixed criteria to distinguish between developed and transitional world. However, socio-economic indicators, political maturity, condition of health and education sectors and general awareness of the masses are the factors most commonly used to make the distinction between developed and developing countries. The biggest difference between the developed and the developing world lies in the socio-economic sphere. Developed countries are much more stable economically, they have high labor wages and they have lower unemployment rate. In contrast, ...

Let us see some of the key points of the article from microeconomic point since governmental influence and entrepreneurship activity have a big impact on household level. We cannot agree more to the point that poor countries have higher intention for entrepreneurship activity because for them it is an option to earn some income because lack of education, social position and other factors leave people no chances to find a well paid job in a big company. Such household start ups in poor countries create a thick net of vendors and suppliers so they are active contributors to supply-demand factor. Even if demand ...

IS THE GDP OVERRATED?

Introduction Gross Domestic Product (the GDP) is accepted as one of the main economic indicators. By definition, the GDP is the sum of the values of all the goods and services produced in specific time period in a country by using the current prices. We consider that high amount of production allows us to build a well-designed civilization. If a country can produce more than the needs of the citizens and export the excess production to the other countries, then this country can reach the desired goals. In another word, the GDP is generally accepted as an indicator of well-being. Most ...

PSYC101 Journal Article ReviewAssignment - Part 2Article Analysis, Connection, and ReflectionDue: 11:55pm ETSunday at the end ofWeek 6of the 8-week course termYou may work on this assignment ahead of its deadline but may not submit it prior to Week 6.Points Possible: 140 OVERVIEW: For Part I of this two-part assignment you identified and summarized elements of a published scholarly article selected from the classroom Resources Folder. For Part 2, which is due by the end of Week 6, you will analyze, connect, and reflect on aspects of your selected article. Note that the words “succinct” and “thorough” repeat regularly ...

China is the most populated country in the world. According to reports by world population statistics which were released on September 2013, china is ranked as the world’s most populated country with 1.354 billion people which is a 0.01% increase from the previous records. Its population is approximated to be 19% of the world’s population (World, 1). Its population density is 363.3 persons per square mile. Han Chinese is the largest ethnic group in China with an approximated 91.6% of the country’s totality inhabitants. The rest of the populace is composed of the minority ethnic groups which ...

Marketing entails positioning products and services in the market through different strategies that focus on the marketing elements; mainly the product, pricing, promotion and place elements. However, the elements are determined by several factors which are in-turn dependent on the economic, social, political, cultural, legal and technological factors as well as the development stage of an economy. On the other hand, a less developed country is marked by persistent low economic growth as well as relatively low social welfare and life standards compared to the developed countries that have high economic growth, high life standards as well as significant aggregate ...

1. Introduction Dutch disease is a theorem which is first developed by W. Max Corden and J. Peter Neary in 1982 based on a theoretical story explaining the relationship between tradable and non-tradable goods. The theory basically claims that a large amount of resources gained through exploitation of natural resources or through an international aid or in any other similar way resulting abundance of financial resources for a country might not help the country to create an economic development. This country will enjoy spending this abundant resource, however, spending the resource will not create a capacity to produce some other tradable goods and ...

Introduction

Since the beginning, humans have been moving from one region of the world to another for better survival. If a person or a group of people face hardships like severe climate, low employment rate, political instability, underdevelopment, etc then they try to move to a city or country that is free from such problems. If they move to a new city or country permanently then this is called Immigration. If they move to a new city or country temporarily then this is called Migration. A developed country is combination of diverse cultures, races and ethnic backgrounds because in its past a lot of people ...

Ethics are a set of values and moral principles that guide the actions of a group of people or a person. A string of organizations whose main objective is to earn money often disregard the consequence of their actions to the environment and people living in it. Third world countries being poor and underdeveloped with no proper restrictions on pollution in place are often taken advantage of by the businesses located in the developed countries. In order to churn out more money, often business organizations from first world countries dump their hazardous waste materials on to the grounds of third world countries. ...

Introduction

Venezuela is a country in South America which is a federal presidential republic consisting of 23 states and bordering the Caribbean Sea and the North Atlantic Ocean. Being an oceanic country, since pre historic period, it became a land of plantations, where African slave labourers used to work on cocoa, cotton, sugar, coffee, and tobacco plantations. Crude oil was then discovered, where currently, the country relies on it. Brazil is a country in the same region with Venezuela but more developed than Venezuela. This paper will look at the historical background, its current and future economy, and future development of the country, and ...

Abstract

In the nowadays world, when the entire social environment is dominated by the commercial aspects and the advertising enters the intimacy of consumers, branding is increasingly significant and its approach is to influence consumers’ choices by creating positive associations and appealing to their emotional side for determining them to choose one brand over another. In this tight competition for market share companies have taken globally their strategies to position as good as possible their brands in the consumers’ mind, understanding that an international approach comes with a correct branding strategy. Although there is no receipt for a correct international branding strategy, ...

Fair trade coffee refers to t a coffee that is licensed as having been manufactured and marketed at a stated set of values. Customers in the developed countries tend to pay more for this coffee with an impression that they are helping farmers at the least developed nations meet their basic and psychological requirements. Free trade, on the other hand, refers to a market model whereby movements of goods within and without the involved countries happen without government’s limitations, for example, charges and taxes. While, fair trade tends to benefit only the producers of the products in the assumed, least ...

Introduction

Globalization has expanded so greatly that many developed countries throughout the world find it nearly impossible to keep employment within countries where the company resides. Globalization has corrupted many of these developed countries and there is always going to be something that can be made cheaper. Many of these major companies view this as an advantage, not noticing the negatives, and how it will affect the country in which it is located. Many of these prestigious companies that were once developed here in the United States have outsourced a majority of their blue collar, and a good percentage of their white ...

When approaching Ursula Le Guin’s short story “The Ones Who Walk Away from Omelas,” readers can interpret the story in several different ways. Some critics view the story as a rejection of the moral pragmatism supported by William James, alluded to in the subtitle of the story (Povinelli 510). Others view it as Le Guin’s indictment of first world countries’ financial exploitation of third world countries (Collins 525). Still others view it as Le Guin’s attempt to explain the workings of human nature and religion (Collins 525). However, to an average reader, the story resonates as a cautionary ...

In the documentary film China Blue, success is depicted as relative to one’s situation. For the migrant worker Jasmine, success means she earns enough to send money back home to help support her family. For the garment factory owner, success is making enough profit to enable him to have a comfortable lifestyle and convince himself he is a progressive boss. For the representatives of large global retail organizations, success means being able to buy cheaply produced jeans to sell with large profit margins. These different meanings of success reflect the different cultural norms inherent in the three different groups of ...

Poverty and Pollution: A Vicious Circle

It is a widely accepted idea that the poor suffer more from the environmental damage and pollution. It is the poor who are the most dependent on the nature and the resources around them for survival, through foraging for food or other resources and plantation etc. There is an inseparable link between poverty and environment that has been studied very closely ever since the Stockholm Summit on Human Environment in 1972. It was here that the then Prime Minister of India had very famously quoted that the “Poverty is the worst form of pollution”. Around the world, it is the ...

Organizations adapt of foreign direct investment (FDI) for the purpose of opening an effective international economic system for development. Greenfield foreign investment has seen a lot of changes in many developing countries as various organizations make use of these country’s potential to develop foreign markets. According to Calderon, Loayza, and Serven, there was a dramatic change witnessed in 1990 as different companies continued to invest more in developing countries than the developed ones (2004). This was more significant in Latin America after FDI became the main source of finances for the developing countries. Many leaders prefer using Greenfield foreign direct ...

Comparative analysis of employment relations in Australia and the US

Executive summary Globalization has contributed to the changing nature of employment relations. Over the last five decades, developed countries have witness a change in the labor market and laws that regulate equal employment opportunity. This report is prepared for the federal government of Australia. In the report, key concepts are analyzed through a comparison of labor relation practices in the US and in Australia. The implementation of EEO plans by small enterprises is the main issue discovered about EEO that is practiced differently in the two countries. The recommendation made in the report is meant to allow changes in employment ...

Why is Bangladesh considered to be a Less Developed Country and what needs to happen for this to help it become a More Economically Developed country like Thailand or Malaysia?". Bangaldesh gained its independence from pakistan in 1971 and as the former Indian state of east Bengal it has always been in severe economic straits. This is principally because it is one of the most densely populated countries in the world and its economy is based chiefly on subsistence farming which has practically ruined the landscape. The country is also prone to natural disasters as it is situated in low ...

Introduction

Double jeopardy also referred to as non bis in idem is a rule that prohibits prosecution of an individual for a second time. The rule dictates that fugitives acquitted or convicted for same offenses should not be put under prosecution for the second time (Gracia, 15). However, it is important to note that different sovereigns hold differing stand points on prosecution of individuals for second time. As an example, United States of America and Jamaica are two countries that prohibit double jeopardy. Particularly, double jeopardy is prohibited by the 5th Amendment of the United States constitution (Rudstein, 11) . The Clause is ...