Essays on Underdeveloped Countries

Though this chapter may seem very technical at first glance, going over it again I realized that the concepts discussed in it are actually very practical. Nowadays, it cannot be denied that the society has developed a strong culture of consumerism. Corporations have found and established an easy way to promote their products, and instill this value of consumerism to people, thanks to the help of technology. Regardless of whether it is a necessity or just plain leisure, the cost of living in most parts of the world has definitely increased. Though this is the case, it cannot be ...

Business Ethics

In the United States, drug companies enjoy a high-profit margin. It means that when purchasing different commodities, Americans incur high costs, unlike Canadians or Europeans. The drug industry has been noted as the most profitable sector in the economy in the last two years. The United States drug prices do not indicate a fair and competitive market since they sell only a handful of essential drugs with the aim of establishing a top selling market (Williams, 1985). Pharmaceutical companies have ethical responsibilities that contrast with that of small biotechnology organizations regarding research and innovation. For instance, CV Therapeutic is ...

Introduction

Problem Statement Underdeveloped markets are far behind the developed markets when it comes to the acceptance of technological advancements. The size of the underdeveloped market is huge, and there are great opportunities for growth in such markets. Technology Acceptance Model (TAM) is a theory of information system that shows the pattern in which the users can accept using technology that can be applied to undeveloped markets to determine the acceptance of new business models.

Research Objective

The paper aims to discuss the TAM theory and develop an extension to it for underdeveloped markets. Purpose of Study The extension of TAM model ...

Reading Summary about Fanon

According to Fanon, nationalist parties aim at mobilizing people in the spirit of independence (97). These parties do not have economic agendas for the nation because of their lack of an idea about their country’s economic status. Nationalist parties always operate on academic and approximate knowledge of the country’s present and potential resources; thus, they can only talk about the economy in the abstract sense. After independence, bourgeoisies undergo considerable stagnation due to the lack of capital and inability to adapt to the road to revolution. Scarce managerial talent and precarious resources force bourgeoisies to focus on ...

Macroeconomics: The State of U.S. Trade Policies and the GDP

Introduction

According to a report published in the Washington Post said" 20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike. In the U.S. and Europe consumers have their pick of inexpensive items made by people thousands of miles away whose pay was much lower than theirs. And in time trade barriers would drop to support even more multinationals expansion and economic gains while geo political cooperation would flourish"( Collins,2015). This statement clearly implies that globalization is beneficial for ...

The cold war marked a period of political tensions between numerous countries after the end of t the Second World War. These tensions were mainly between the communist nations and the capitalist countries. The most opposing parties within this conflict were the USA and the now defunct USSR. In the 1970s, the cold war mainly referred to the period that spanned between the aftermath of the Cuban missile crisis beginning October 1962; all the way to the Détente period from 1969 into the 70s (Shaw 71). The Cuban crisis arose from a confrontation between the Soviet Republic and ...

At least 9 million people die because of hunger and malnutrition, sadly 5 million are children. In a world of plenty, a huge number go hungry. The biggest percentage of the people who go hungry live in the developing countries. Three-quarters of all the hungry people in the developing countries live in rural areas, mostly in the villages of Africa and Asia. Despite this worrying trend, food wastage in the developed countries is very high. For instance, in the United Kingdom, close 40% of food is never eaten, in U.S., 40-50% of all food ready to harvest is never ...

Healthcare system is the core and the key element of all societies that exist today, as improvement and maintenance of health is the inevitable process to ensure the society’s survival. Without preventing illnesses and curing diseases, societies would disappear because there would no society members able to maintain functioning of this society. Functionalism is a sociological theory that can be used to explain how society survives and remains stable with help of the healthcare system. According to the functionalist perspective, each part of the society contributes to its stability, and without this system, there would be a threat ...

Compare and contrast the most important points to development that William Easterly, Jeffrey Sachs, and Susan George & Fabrizio Sabelli Give in their books

Introduction

This paper analyzes the vital points to development in the books by William Easterly, Jeffrey Sachs, and Susan George & Fabrizio Sabelli. I will examine the three books one after the other, highlighting the similarities and differences. Importantly, the three books have diverse views about the developmental aid offered by the World Bank and the IMF. However, they all advocate for the establishment of stable, transparent and credible governance in the underdeveloped countries.

In his book, Easterly ...

Items

The information I found shows the global marketplace as it related to economic inequalities between highly developed countries and those developing ones. Honestly, I was not surprised with any of the information I have discovered. I expected the GDPs of Japan and the Unites States to be larger than those of the underdeveloped countries. The export products of the developed countries are more highly developed than the three countries. For example Japan exports one of the world’s largest and most technologically advanced motor products while the US has the second-largest industrial output in the world. What I took ...

The Name of the Class

In recent years, the Earth’s climate varies considerably: some countries suffer from heat waves, the others from too harsh and snowy winters, unusual for these places. Environmentalists talk about global climate change, which includes an increase in mean annual temperature, causing the melting of glaciers, and rising sea levels. In addition to warming, there is also imbalance of natural systems, which leads to changes in rainfall patterns, temperature anomalies and the increased frequency of extreme events such as hurricanes, floods and droughts (Biello, 2016). According to scientists, humanity cannot fully prevent climate change. But the international community is ...

Milestone One:

Introduction The paper is focused on the difference between developed economies and developing economies. The focus is to look at the gross domestic products (GDP), export rates, and import rates of advanced economies with those from less developed economies. These are compared to see those factors that have resulted in the increasing gap between advanced economies and developing economies. These choices of data are chosen because they are very factual and explain the real world situation. Also, the datasets are useful in giving explanation to the continuous dependence of developing economies on advanced ones. International trade has ...

One of the key processes of the world economy on the brink of the XX-XXI centuries is progressing globalization, i.e. a qualitatively new stage in the development of the internationalization of economic life. These days, globalization is being discussed very often; it is a buzzword, which quickly turned into some kind of a slogan, a key, which can open the door to any existing and future mysteries. For someone “globalization” is all that he needs for happiness, for others—the cause of all the misfortunes. However, for all of us, globalization is an inevitable fatality of our world, irreversible process, the process, ...

Introduction

As indicated by many scientists,( what is the authority for this, which scientists, book or journal article) the reduction of greenhouse gas emission requires a global consolidated effort with participation from all the countries across the globe. At least, those countries responsible for emitting the maximum amount of greenhouse gas are expected to comply with the cause. The current environment regime as governed by Kyoto Protocol is not helping in the reduction of greenhouse gas emissions. In fact, Kyoto Protocol, due to differentiating between developed and developing countries, has come under heated criticism from all corners. Common but Differentiated Responsibilities ( ...

Global Economics

Answer of Question 1 The joint venture is not a good idea because the potential for disputes and conflict is present in the joint venture. The partners in a joint-venture may differ in their opinion of managing the business affairs of the company (Campbell). Disagreement may arise between the partners regarding the future direction of the business and disputes on the capitalization of the business. The partners having conflicting goals and interests may affect the joint venture if the interests and goals are not communicated in a proper way.

Answer of Question No 2

The Heckscher-Ohlin theory indicates that the countries will export those products in ...

Is Economic Recovery Possible?

Introduction The world economy started developing rapidly after the industrial revolution. The Western countries could produce mass amounts of products over their citizens’ needs, and market the unneeded amount of the products to the other countries. The developing technology has enabled the merchants to reach the farthest points on the world to sell their products. These developments have brought the term of globalization. The technological advancements and the developing capitalism have led the humankind to an economic development path. Some of the Western economies could manage to get the big shares in the world economic development while the ...

1. Argue why it is useful or is no longer useful to have the "tele" in telemedicine? (~150 words). Access to health care has been greatly improved with telemedicine, especially in rural areas and underdeveloped countries (Cisco, 2011; Voice of America, 2010). Although the cost of setting up the equipment is large, the patients receive medical care from a distance with a fraction of travel costs (Voice of America, 2010). Technology helps physicians to virtually be present assisting local practitioners and treating patients. This phenomenon has increased the quality of life of patients especially in areas located kilometers away from ...

Introduction

The Confessions of an economic Hit Man book is an autobiography dedicated to the experiences of John Perkins’. John Perkins worked as a top economist, with the heads of IMF, World Bank and other financial institutions. His main job was to justify huge loans for countries of interest mostly deemed non-compliant to the US. In most cases engineering and construction projects were, proposed with the aim of bankrupting these countries. However, after moral and ethical considerations, Perkins quit his work in 1980; following many years of persuasion and bribing not to write a book on his experiences Perkins changed his mind ...

Genetically Modified Organisms (GMOs) are defined as organisms whose genetic material (DNA) has been transformed by use genetic engineering production methods. The organisms whose genetic material has been altered can be either plants or animals. It is from the Genetically Modified Organisms that genetically modified (GM) foods are made from through genetic modification of crops. Today, genetic modification has gained lot of development in almost every food production. Genetically modified foods whether as raw crops or manufactured products are perceived to increase food security in underdeveloped countries. However, the question that is eminent is whether genetically modified foods are a ...

The aim of this essay is to present you with a portrait of a book published in 2004 on an issue which has been increasing people’s concern on its worldwide effect as far as humans’ rights are concerned and respect towards human nature is ensured. The title of the book is ‘Disposable People: New Slavery in the Global Economy’ and was written by Kevin Bales. Its title causes unpleasant surprise at first sight since it is not nice neither ethical or right for any kind of people to be characterized ‘Disposable’. So the title prepares its readers that what they ...

Introduction

There are various health issues that exist all over the world. These health issues have been causing problems to many people all over the world. There are countries that have been able to combat these health issues while there are other countries that have relied on help from other countries in order for them to combat these health issues. There are issues that have been seen in specific countries while there are other issues that have been prevalent worldwide. The difference in the class status of these countries is what differentiates the different abilities to fight the said world ...

The first gulf war, also termed as the Persian Gulf, emerged as a result of conflict of the Iraq nation and the merging of quite a number of nations 32 in number. These nations include Egypt, the United States, France, Britain, and Saudi Arabia. The theory of the world system explains that the world is divided into three groups. The first is the main developed countries; North America, Western Europe, and Japan. The second includes the underdeveloped countries in Africa, Latin America, and Asia. The third group include the countries in Eastern Europe, Russia and Asian societies who struggle to outweigh ...

Introduction:

The global economy’s output has definitely expanded at an unprecedented rate for the past 25 years. In spite of this, the benefits of this growth have only been experienced by the developing world to a limited degree. This cannot be ascribed to any failure of underdeveloped countries as a group to share in the global economic expansion. In fact, their per capita incomes have been rising steadily over the past quarter century than in previous times. The failure lies in the distribution patterns of earlier growth which alienated the poorest groups from the sphere of economic growth and material developments. ...

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

The twenty first century is one of the periods whereby many changes and developments have been recorded and seen in our day to day lives, particularly, in our social lives. Some of these aspects include how we relate with each other, our different and growing lifestyles, the clothes people wear, the kind of interactions that are established between different persons and the foods that people eat in our day to day lives. These are some of the aspects that have trickled down to people’s day to day lives, such as workplaces, schooling institutions and other areas where people ...

The book, The Quest for Prosperity, is written by, Justin Yifu Lin. Mr. Lin is the chief economist and senior vice president of the World Bank. He illustrated in his book, a fascinating overview of development, development of economies, development for the underdeveloped countries and economies particularly after the Second World War. The book written by Justin Yifu Lin has been notable and it has been acknowledged as a knowledgeable and highly sophisticated book for people that have their interest in economic development, economic policies, economic growth, development of economies and development for third world countries that are struggling to improve ...

Today, tax, trade, and unfair debt have pushed poverty all over the world to new levels. In other words, the weaknesses of poor, developing countries are being exploited by affluent countries. Philippe Diaz’s bold, disconcerting, and powerful documentary “The End of Poverty?” opens our eyes to the fact that that poverty is not a mere mishap and the victims are not to blame. This refreshing and straightforward documentary not only exposes poverty but also tries to get to the root cause of why so many people are living so poorly and are dying of malnutrition in affluent societies. Like ...

The free flow of capital, labor, commodities, information and people within the international economy is a powerful reality of the modern world, since it has generated a complex interdependence not only between players from the same industry, but also between representatives of the public, business and financial sectors. Globalization was encouraged by the liberalization of international trade, which enabled businesses (and forced them at the same time) to explore new markets in order to gain a competitive edge. At the macroeconomic level, globalization brings the increase of exports as part of GDP which is beneficial for economic growth, as well as a redirected ...

The fight for women's rights has been a great issue for centuries - only now with the advent of global organizations such as the United Nations are some underdeveloped countries reaching the progress they require. One of the most pressing issues regarding women's rights, as it pertains to the UN, is the creation of initiatives that grant women rights within the country while keeping the country itself financially and politically stable1. In many instances, the rise of gender equality is directly correlated to facilitating economic stability, as women must be able to access access secondary communication and sustainable energy, among ...