Preview

BUSI 604 Key Term Developing Nations

Good Essays
Open Document
Open Document
1353 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
BUSI 604 Key Term Developing Nations
Key Term and Interest
For this week 's discussion board, the student has chosen the key concept "developing nation" to research. The student was particularly intrigued to learn more about how these developing nations have succeeded with small businesses within their countries, as well as learning more about how much these nations are behind in economic, technological, and education growth. In this discussion, the student will also discuss the standards and motivation of the workforce of developing nations in comparison to developed nations.
Explanation of Key Term
The key concept “developing nation” is the term used to describe a country with a low level of material well-being. A developing nation is also considered to be a third world nation, where poverty and disease run rampant, education is nearly nonexistent, and life expectancy is very low (Satterlee, 2009, pg. 88). Along with that explanation, developing nations also typically have a Human Development Index of less than 0.5 according to the Human Development Reports office. In comparison to developed nations, the population growth of developing nations is very high, with about two-thirds of the world 's population stemming from developing nations.
Major Article Summary

In conducting further research on developing nations, the student focused more on learning about educational growth in these nations, which also had an impact on the business and technological growth in them as well. In an article written by Rossana Patron, titled “Public education in developing countries: Cost-effectiveness of education policies and endowments growth”, it was brought to light the inflow of new workers being dominated by unskilled labor due to high incidence of early dropouts in primary and secondary education (2011, pg. 329). Developing countries also suffered a higher rate of poor performance at fundamental levels of education, due to low quality educational standards being taught. This is turn caused a higher rate of


References: Dahlman, C. (2014). Industrial Development for the 21st Century. Technology, globalization, and international competitiveness: Challenges for developing countries. Retrieved from http://www.un.org/esa/sustdev/publications/industrial_development/1_2.pdf Fayerweather, J. (2014). International business in developing nations. Retrieved from http://www.jstor.org.ezproxy.liberty.edu:2048 Jansen, M. (2010). The Journal of International Trade & Economic Development. Developing countries, standards, and the wto. Retrieved from http://rx9vh3hy4r.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info:sid/summon.serialssolutions.com&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Developing+countries%2C+standards+and+the+WTO&rft.jtitle=Journal+of+International+Trade+%26+Economic+Development&rft.au=Jansen%2C+Marion&rft.series=Journal+of+International+Trade+%26+Economic+Development&rft.date=2010&rft.pub=Taylor+and+Francis+Journals&rft.issn=0963-8199&rft.eissn=1469-9559&rft.volume=19&rft.issue=1&rft.spage=163&rft.epage=185&rft.externalDocID=tafjitecd_v_3a19_3ay_3a2010_3ai_3a1_3ap_3a163_185_htm¶mdict=en-US Kelly, B., Lewthwaite, S., & Sloan, D. (2014). Developing countries: developing experiences: approaches to accessibility for the real world. Retrieved from http://delivery.acm.org.ezproxy.liberty.edu:2048/10.1145/1810000/1805992/a3-kelly.pdf?ip=208.95.48.254&id=1805992&acc=ACTIVE%20SERVICE&key=C2716FEBFA981EF1912721F8B8C43E3A3EF98D67AECD7BEE&CFID=287796239&CFTOKEN=69959274&__acm__=1391180561_c8573c436355e8e37ab0c493cda88e8c Krugman, Obstfeld, & Melitz (2012). Chapter 5: resources and trade: the hecksher-ohlin model. Retrieved from Pearson website: http://econweb.tamu.edu/aglass/econ452/Krugman05Slides.pdf Patron, R. (2011). The Journal of International Trade and Economic Development. Public education in developing countries: cost-effectiveness of education policies and endowments growth, 20(3), 9. Retrieved from http://rx9vh3hy4r.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info:sid/summon.serialssolutions.com&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Public+education+in+developing+countries&rft.jtitle=The+journal+of+international+trade+%26+economic+development&rft.au=Patron%2C+Rossana&rft.date=2011&rft.pub=Routledge&rft.issn=0963-8199&rft.eissn=1469-9559&rft.volume=20&rft.issue=3&rft.spage=329&rft.epage=337&rft.externalDocID=663322022¶mdict=en-US Satterlee, B. (2009). Cross border commerce. Virginia: Synergistics.
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Explain the Difficulties That Developing Nations Experience as They Try to Break the Poverty Cycle
    • 574 Words
    • 3 Pages

    Explain the Difficulties That Developing Nations Experience as They Try to Break the Poverty Cycle

    Global communications, advancements in technology, and space exploration have all created an interconnect webs between the nations and a false illusion that the world is moving forward and together as a whole. As much as humans like to think they are making progress in global society, the real truth is as the developed countries were getting richer, the developing ones were getting poorer and poorer. One such reason why there is such a gap between the First and Third World is the developing nation’s inability to break the poverty cycle.…

    • 574 Words
    • 3 Pages
    Good Essays
    Read More
  • Best Essays

    Checklist for Effective Reading Instruction
    • 1685 Words
    • 7 Pages

    Checklist for Effective Reading Instruction

    Education has an immense impact on the human society. The quality of human resource of a nation is easily judged by the number of literate population living in it. This is to say that education is a must if a nation aspires to achieve growth and development and more importantly sustain it. In today’s world, the role of education has become even more vital. It is an absolute necessity for economic and social development, and the single most important predictor of good jobs and high income at the individual level. In the United States, the Department of Education aims to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring educational equity.…

    • 1685 Words
    • 7 Pages
    Best Essays
    Read More
  • Good Essays

    Intro To Uni Assign
    • 841 Words
    • 3 Pages

    Intro To Uni Assign

    The Government insistence on the collective concerns of peace, order and good government has meant that state projects such as schooling are seen in terms of their overall impact on society. In order to understand the growth of schooling all over the World special attention must be paid both to official policies and the changing nature of students’ lives.…

    • 841 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Glo-Outsourcing
    • 12894 Words
    • 52 Pages

    Glo-Outsourcing

    Timothy J. Sturgeon, MIT* Peter Bøegh Nielsen, Statistics Denmark Greg Linden, UC Berkeley Gary Gereffi, Duke University Clair Brown, UC Berkeley Final Draft: April 2, 2012 Forthcoming as Chapter 9 in the World Bank volume: The Fragmentation of Global Production and Trade in Value-Added - Developing New Measures of Cross Border Trade, based om a Trade Workshop held at World Bank Headquarters, June 9-10, 2011…

    • 12894 Words
    • 52 Pages
    Powerful Essays
    Read More
  • Best Essays

    Annotated Bibiography
    • 312 Words
    • 2 Pages

    Annotated Bibiography

    This paper is assessing the efficiency of public spending on education, by evaluating school enrolment rates and how investing in human development is considered a means of improving and sustaining economic growth in the Caribbean.…

    • 312 Words
    • 2 Pages
    Best Essays
    Read More
  • Good Essays

    Australian Law
    • 10210 Words
    • 41 Pages

    Australian Law

    21 Department of Foreign Affairs and Trade, Trade at a Glance 2011, 2011, p 4.…

    • 10210 Words
    • 41 Pages
    Good Essays
    Read More
  • Better Essays

    Assess The Significance Of Three Factors Which Might Limit Economic Development In The Developing Countries
    • 1995 Words
    • 6 Pages

    Assess The Significance Of Three Factors Which Might Limit Economic Development In The Developing Countries

    Assess the significance of three factors which might limit economic development in the developing countries.…

    • 1995 Words
    • 6 Pages
    Better Essays
    Read More
  • Best Essays

    Theories of Development Paper
    • 2801 Words
    • 12 Pages

    Theories of Development Paper

    This paper tries to explain why development projects experts who follow the modernization theory fail to implement and sustain development projects when they do not consult and involve project beneficiaries in the planning. At times, these projects even become a burden for beneficiary communities. External factors usually greatly influence development to the Third World. This paper suggests ways beneficiaries can participate in their projects. This paper will explain the origin of modernization theory, literature pertaining to the theory, and a case study of an Internet project in Sengerema, alternative perspectives on development in the Third World, as well as conclusions and recommendations.…

    • 2801 Words
    • 12 Pages
    Best Essays
    Read More
  • Good Essays

    Development as a Buzzword - Gilbert Rist
    • 1066 Words
    • 3 Pages

    Development as a Buzzword - Gilbert Rist

    For years we have believed in development to be the key to resolving poverty and the prerequisite of prosperity. Gilbert Rist shows the widely accepted theories and strategies, and their inability to transform the world. In his article Development as a buzzword, Gilbert Rist sets himself the goal to reveal the true meaning of development, something that remains to be quit elusive and vague (Rist 485). He succeeds extremely well in achieving this objective. In the beginning of the article, Rist explains how the meaning of development is still elusive and vague and how its meaning depends on how its used. Over the years it has become a buzzword that has been tied to any issue focused on created a better standard of living, such as agriculture, poverty reduction, and industrialization (Rist 485). This buzzword, however, he refers to as toxic. He explains that development is like a hard drug that you would get a buzz from. It creates an illusion of paradise, and the larger the dose, the more addicted and delusional you will become (Rist 485).…

    • 1066 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    What Extent the Developing Countries Depend on the Industrial Countries for Economic Growth and Development
    • 1776 Words
    • 8 Pages

    What Extent the Developing Countries Depend on the Industrial Countries for Economic Growth and Development

    A developing country, also called a less-developed country (LDC), is a nation with a low living standard, undeveloped industrial base, and low Human Development Index (HDI) relative to other countries. Meanwhile, an industrial country also known as developed country or "more developed country" (MDC), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less developed nations. Most commonly the criteria for evaluating the degree of economic development are gross domestic product (GDP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living.…

    • 1776 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Developing Nation
    • 1442 Words
    • 6 Pages

    Developing Nation

    Any discussion of developing nations involves a host of contentious issues, beginning with a debate over terminology. For example, developing nations are also sometimes referred to as “Third World” nations. This term was introduced by French demographer Alfred Sauvy in 1952 to distinguish countries that had achieved colonial independence after World War II and were no longer aligned with either the United States and its allies (the First World) or the Soviet Union and its allies (the Second World). With the end of the Cold War and the collapse of the Soviet Union, the concepts of a First, Second, and Third World became less relevant.…

    • 1442 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Education In Brazil Analysis
    • 1039 Words
    • 5 Pages

    Education In Brazil Analysis

    Since the Ancient Age, education is considered one of the big pillars of the human evolution and the main pathway for all the human achievements until today. Education is what makes humans different from other animals, it is the capacity to learn with experiences and use that to create better possibilities to survive. Thereby, education is the most important thing for any human being, what is responsible for any innovation and the base for any society, therefore it should be the area in which the majority of the investments should be made. Nevertheless, the Brazilian government does not follow this logic, preferring to invest in other sectors that will give a quick response to their political desires. As a consequence of these actions, education receives fewer investments than the necessary leading to a bad quality public education, responsible for low educational levels and no economic prosperity. The bad education offered in Brazil causes great social inequalities, originating a lack of good workers…

    • 1039 Words
    • 5 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Quality Education in the Philippines
    • 2145 Words
    • 9 Pages

    Quality Education in the Philippines

    We know that Philippines country is rich in agriculture and economics. But don't you know that Philippines are one of the top that is great in terms of education. And I can prove that in simply observing the status of my country and surveys in the rank of schools. Literacy rate in the Philippines has improved a lot over the last few years- from 72 percent in 1960 to 94 percent in 1990. This is attributed to the increase in both the number of schools built and the level of enrollment in these schools. The number of schools grew rapidly in all three levels - elementary, secondary, and tertiary. From the mid-1960s up to the early 1990, there was an increase of 58 percent in the elementary schools and 362 percent in the tertiary schools. For the same period, enrollment in all three levels also rose by 120 percent. More than 90 percent of the elementary schools and 60 percent of the secondary schools are publicly owned. However, only 28 percent of the tertiary schools are publicly owned. A big percentage of tertiary-level students enroll in and finish commerce and business management courses. Table 1 shows the distribution of courses taken, based on School Year 1990-1991. Note that the difference between the number of enrollees in the commerce and business courses and in the engineering and technology courses may be small - 29.2 percent for commerce and business and 20.3 percent for engineering and technology. However, the gap widens in terms of the number of graduates for the said courses. Aside from the numbers presented above, which are impressive, there is also a need to look closely and resolve the following important issues: 1) quality of education 2) affordability of education 3) government budget for education; and 4) education mismatch.…

    • 2145 Words
    • 9 Pages
    Good Essays
    Read More
  • Powerful Essays

    Education Update for Long Run Economic Growth
    • 1195 Words
    • 5 Pages

    Education Update for Long Run Economic Growth

    2. I would like to do a research about different educational systems and its outcome to their countries. I will be focusing on the developing countries educational system and its economic output. I believe and there is a deep relation between education and economy in each country. I will be comparing their educational systems and their economic outputs relating with each other.…

    • 1195 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Good Essays

    Effects
    • 1987 Words
    • 8 Pages

    Effects

    The impact of low-quality education can be negative as it fails to produce skilled professionals needed to run various sectors of the national economy.Breaking the intergenerational transmission of poverty requires far-reaching actions in the education sector. Widespread poverty affects both students’ performance and their availability to attend school. Low-quality education leads to low income, which in turn perpetuates poverty. Furthermore, low levels of education affect growth though low labor productivity.…

    • 1987 Words
    • 8 Pages
    Good Essays
    Read More

Related Topics