Spring 2005 Multinational firms are demonised by anti-globalisation campaigners. Yet according to a new book by Tony Venables and colleagues‚ the evidence is that they are generally a force for prosperity in the world economy. Multinationals: heroes or villains of the global economy? F oreign-owned multinationals employ one worker in every five in European manufacturing and one in seven in US manufacturing. They sell one euro in every four of manufactured goods in Europe and one dollar in
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in the global economy. Because textile manufacturing is a labor-intensive industry‚ developing countries are able to utilize their labor surplus to enter the market and begin the process of building an industrial economy. Emerging economies then look outward to develop an export strategy based on their comparative advantage in labor costs. Textile production and consumption is an increasingly global affair as production continues to shift to developing countries. Developing countries have seen
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health and efficiency of an economy. There is a strong positive relationship between financial market development and economic growth. For example‚ in Chapter 1 of their 2001 book‚ Financial Structure and Economic Growth‚ editors Demirgüç-Kunt and Levine concluded: In particular‚ researchers have provided additional findings on the finance-growth nexus and have offered a much bolder appraisal of the causal relationship; firm-level‚ industry-level‚ and cross-country studies all suggest that the
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IMPACT OF THE AGREEMENT ON AGRICULTURE ON THE INDIAN ECONOMY INDIAN AGRICULTURAL SCENARIO Indian agriculture is characterised by a preponderant majority of small and marginal farmers holding less than two hectares of land‚ less than 35.7% of the land‚ is under any assured irrigation system and for the large majority of farmers‚ the gains from the application of the science & technology in agriculture are yet to be realised. Farmers‚ therefore‚ require support in terms of development of infrastructure
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IMPACT OF TOURISM TO MALAYSIA ECONOMY The significant role played by the tourist industry in Malaysia can be traced from its earliest developments. This is because in comparison with other South-EastAsian states such as Indonesia and Thailand for instance‚ Malaysia was less developed in the tourist industry sector. Today it has become the country’s second biggest source of foreign exchange and the third largest economy sector. Over the years the industry is significantly contributing to GDP (gross
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Throughout the years that the United States has been a nation the economy has fluctuated. During the 1980s specifically‚ the eight-year span from 1981 to 1989‚ Ronald Reagan was elected into office and became the 40th president of the United States. “When Ronald Reagan took over the leadership of the United States in 1981‚ he inherited an economy that was in terrible shape‚ the worst American economy‚ in fact‚ since the Great Depression of the 1930s” (Shmoop Editorial Team 1). This was a significant
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Describe the global economy of the 21st century. What will it look like? Which countries will be dominant? The global economy of the 21st century is reflecting many more multinational companies. Much cross border trade and investments is becoming more and more visible. More and more companies‚ that in the past have not really been looked at as a developing nation‚ are now developing nations with “large economies‚ and their firms are major players in many global industries from shipbuilding and
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“The Travels of a T-Shirt in a Global Economy” projected not only value chain of T-Shirt but also explain us through U.S. textile industry and how globalization and free trade work. Projecting integration of product and resource across international markets‚ fundamental and important of globalization has been indicated. Tracing T-shirt value chain starting at Texas where raw material was grown‚ explains how the U.S cotton industry has been able to dominate the world’s production for a very long
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The Global Impact of Child Poverty Child poverty has affected every area of child’s development in developing countries whether it is social‚ educational or personal. Child poverty refers to children who live in state of poverty. The children from poor backgrounds and orphans are raised usually with limited state resources. These children fail to meet acceptable standard of life. Usually‚ in developing countries these children suffer more hardship and poverty because their family has been living
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“THE IMPACT OF RFUGEES ON HOST COUNTARIES” WITH REFRENCE TO THE AFGHAN REFUGEES IN PAKISTAN Contents WHAT IS A REFUGEE? 2 THE AFGHAN REFUGEES IN PAKISTAN. 2 IMPACT ON THE ECONOMY. 3 SOCIAL IMPLICATIONS 4 POLITICAL IMPLICATION 4 ENVIORMENTAL IMPLICATIONS 5 SOCIOLOGICAL PERSPECTIVES 5 CONFLICT PERSPECTIVE 5 FUNCTIONALIST PERPECTIVE 6 CONCLUSION 6 BIBILOGRAPHY 7 WHAT IS A REFUGEE? According to the 1951 Refugee Convention the United Nations defines a refugee
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