Analyse why a country of your choice specialises in the production of a certain good/service Specialisation is the concentration by workers, firms or a whole economy produce a narrow range of goods or services. By specialising and then exchanging with others, an economy can produce more with the resources it has. Ghana is the 2nd largest cocoa producing country globally, and it specialises in cocoa production. By specialising in cocoa production, Ghana is able to create a higher output, improve
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evacuation if needed. I would ask the company to pay for a flight overseas to visit the location where your assignment would be to get an idea of what to expect. This will allow you to make changes to your compensation package. Ask questions about the country culture and what kind of behavior will be expected from you. Ask whether speaking the native language is important to colleagues and customers. Also find out how men and women interact with each other and what behaviors are appropriate in business
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Case Analysis Questions for Case 7-2 (pp. 222-223): Cosmetics Giants Segment the Global Cosmetics Market 1. What product lines do L’Oreal offer in its home market (France) and other developed markets (USA, UK, etc.)? How does L’Oreal segment and target in these established markets? (You need to visit L’Oreal website and conduct additional online research to find relevant information and answer this question.) France: • Makeup (tint/tone, lips, eyes, nails) • Facials (organized
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outcomes of globalisation play a part in developed and developing countries and their impacts on Singapore. Technology can be described as a crucial factor for most globalisation processes. Technological advancements have brought about convenience and the world closer. A study by Martin Prosperity Institute (2011) ranked the top ten countries in terms of their investment in research and development and the majority are developed countries. There is heavy emphasis on research in the development of technology
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Economy Have you ever though why some countries are richer than others? Or what there is inequality among countries? All those answers are related to the economy of a country and their macroeconomic indicators. Today, macroeconomic is a crucial concept that we can see every day in the news; employment, inflation, and growth are some of those economy indicators. (1) But it is not so easy to say why a country is richer than other; or why the economy of a country with one of the highest reserve of oils
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development. Developing nations like India, China, Brazil etc, which are developing economies are ranked in the list of top 10 Green House Gases (GHGs) emitters. It is, by this example, clear that the developing countries in the scale of economy are bigger polluters than the under-developed countries. The trend of development at the expense of environment is being strictly checked by the judiciary, municipal laws and international treaties and customs. Recently, the honourable Supreme Court of India has
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thing in an unfamiliar, foreign country, allowed Pranab to feel as if he wasn’t alone and had someone to share his experiences with. Now knowing that Lahiri had parents from Bengali and she spent her years growing up in America, it is evident that her family’s culture is strongly reflected in the story “Hell-Heaven”. Living in America and having to assimilate to the American culture is easier said than done when there are parents born and raised in a different country. There is somewhat of a culture
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Task 2 Compare and contrast the life span and the diseases and illnesses profile for an infant born today in the developed world and in the developing world. Sierra Leone (developing country) United States of America (developed country) Life expectancy 47.5years 78.7 years Population 5.4 million 313.9 million Fertility rate 6.3 births per women 1.8 births per women Effecting factors • pervasive poverty • high level of illiteracy significantly among females • limited access to safe
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innovation as used by GE is creating products for low-income countries with an affordable price tag, and then offering those products to developed countries, at what it will be seen a low-cost price tag. While GEs traditional innovation strategy, was to develop products for developed economies at an expensive price, then doing certain modifications to the products and selling them in low-income countries at a not necessarily low price for those countries. Why is GE so interested in reverse innovation?
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Multinational enterprises A multinational enterprise (MNE) is a company that has a worldwide approach to markets and production or one with operations in more than a country. An MNE is often called multinational corporation (MNC) or transnational company (TNC). MNC as beauty - Potential contribution to economic growth and national welfare. - Important agent of change. - Increases competitive pressures on domestic firms. - Demonstrates and diffuses new technology. - Upgrades the quality of indigenous
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