into less-developed countries? Today, the world is becoming smaller and smaller and it is more now like a one community. The force behind how the world is going today is because of technology and globalization. Rapid changes in technology have caused communication to be faster through internet, email and telecommunications. Through technology, faster means of transportation has also been developed. Globalization on the other hand is breaking cultural, political, social and country boundaries which
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bridges the gap between countries through technologies and communications. As Friedman (2000, p9) states “it is the inexorable integration of markets, nation-states and technologies to a degree never witness before – in a way that enables individuals and corporations to reach around the world further, faster and cheaper than ever before…”. The key aspect to globalisation is to increase growth. Though globalisation does bring benefits and opportunities to developing countries – many argue that globalisation
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poorer and undeveloped countries of the world. Often, these countries have extremely poor environmental situations. In many Third World nations, pollution is unrestricted. Countless other environmental problems are also not addressed by the government. Usually, creating and enforcing environmental regulations would be economically disastrous for a poor country. As a result, it is forced to choose between buying food and having a clean environment. Often, rich Western countries take advantage of the
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coIn 1950, there were 49 countries with stock exchanges, 24 were in Europe and 14 in former British colonies such as the United States, Canada and Australia. Their usefulness was seen as limited to only the wealthier countries in which they resided. Developing countries had low levels of savings and limited means to attract foreign capital; stock markets played an insignificant role in their economic growth before the 1980s. Funding for economic capital came primarily from foreign aid, state-to-state
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It is recommended that you refer to outside sources as you consider these issues. Be sure to document your sources correctly. Answer one (1) of the following questions: We live in a world in which 13 of the top 50 economies are companies, not countries. How does this change the responsibility companies have for providing for social needs and addressing big-ticket challenges of the future? How can companies ensure their own future prosperity by beginning to engage looming issues of concern—from
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Digital divide The digital divide is a term which is used to describe the difference between those who have the access to the information technology this involves mobile phones, internet, computers and television and those who do not have access to these services. The expression can also represent those who have the skills and expertise to use different types of technology. The digital divide can exist between those who are living in rural areas and those who are living in urban areas. Factors that
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a marketing strategy in an emerging market? Answer: Gross domestic product is the total of economic output of a country. But GDP figure does not indicate the distribution of wealth. It may happen that very small percentage of the population may control significant share of wealth, which actually depicts the prevailing condition of most underdeveloped and developing countries. GDP of economies increase due to inputs from so many sectors of the economy while per capita GDP is based on certain
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and India were previously used for cheap labor or call centers, now they were coming up with new business models for production and distribution. Multinational companies in the west were investing in this market, building their R&D in developing countries, and hoping that economical and educational growth in the emerging market would help them overcome challenges. Businesses also realized that distributing to the billions of middle class people in developing nations is as beneficial as investing
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consumer packaged multi domestic corporation in the world. Nestle is Nutrition, Health and wellness company and biggest food corporation. Nestle was a Swiss company that was that was established in 1866. Nestle has about 450 factories working in 86 countries. The turn over in 2009 was approximately $95 billion. Nestle is one of the main share holders of L’Oreal which is world largest cosmetic company. The most and successful global brand of nestle is Nescafé. In 2011 Nestle was listed as no.1 by fortune
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Development. I will use specific examples from different countries to present the trends and what is the measurable impact on the economic development. I will also present specific data from UAE on the subject. I will present my conclusions. Slide 3: Women and Economic Development Woman’s participation is very important for economic development. In developed countries like the USA, Germany etc. women contribute over half of the GDP. In developing countries, women participation is also very high, especially
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