Discuss the significance of economic development to international marketing. 1) Why is the knowledge of economic development of importance in assessing international business opportunity? The knowledge of economic development is of importance in assessing international business opportunities because it helps companies to plan their marketing strategies. Marketing strategies must be tailored to the level of development in a country. Therefore it is important to know if a foreign country is stable
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Role of entrepreneurship in economic development Entrepreneur An entrepreneur can be regarded as a person who has the initiative skill and motivation to set up a business or enterprise of his own and who always looks for high achievements. He is the catalyst for social change and works for the common good. They looks for opportunities‚ identifies them and seizes them mainly for economic gains. An action oriented entrepreneur is a highly calculative individual who is always willing to undertake
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Economic development in New Zealand ! HDI Life expectancy GDP per capita PPP Literacy rate Mean years of schooling 2010 0.907 80.40 years $25‚293 99% 12.4 years 2013 0.919 80.82 years $25‚689 99% 12.5 years ! The Human Development Index (HDI) is a composite statistic of life expectancy‚ education‚ and income indices used to rank countries into four tiers of human development. From the year 2010 to 2013‚ New Zealand’s HDI has gone up
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little over three decades having past since the major industrial development‚ China has industrialized at an astonishing rate. This is especially apparent when comparing its much higher industrializing rates to Japan‚ the UK and the US. With such high rates of growth‚ there are both negative and positive aspects that come out of such development. Although general health in China is not at its best‚ post 1980 industrial development has improved the average Chinese citizen’s life tremendously both
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POPULATION GROWTH AND ECONOMIC DEVELOPMENT The consequences of population growth on economic development have attracted the attention of economists ever since Adam smith wrote his Wealth of nations. It was only Malthus and Ricardo who created an alarm about the effect of population growth on the economy. Population and Economic Development However‚ the consequences of population growth on the development of LDCs are not the same because the conditions prevailing in these countries are quite different
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UNIT TITLE:- Understand child and young person development. Unit number:- CYP Core 3.1 Learning outcome:- 3.2 Outcome Title:- Explain the reasons why children and young people’s development may not follow the expected pattern. Name & Surname:- Marika AbelaPin:- Cache Centre No:- 1950.0000Group No:- CA12-VX-EY Children and young people’s development is meant to follow a pattern. This pattern indicates what children are able to do at their age. Not all the children can follow
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Economic development has to occur after a period of sustained economic growth. It is therefore the growth in total economic output accompanied by changes in the structure of the economy. There are many barriers to economic development in Ghana. Eight of them are discussed below: First and foremost‚ Ghana like most developing countries is enriched with natural resources or deposits but the human capital is not able to transform them to achieve rapid economic growth and development. For economic
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of financial liberalisation (FL) on economic development in less developed countries (LDC). The paper is divided into several sections; the first examines the concept of financial repression and the second introduces the Mckinnon-Shaw thesis of financial liberalisation; section three looks at the critique of Mckinnon-Shaw thesis. This paper presents some evidence that will indicate a positive relationship between financial liberalisation and economic development (e.g. growth rate). However‚ this relationship
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individual‚ undertaken to initiate‚ maintain or aggrandize profit by production or distribution of economic goods and services." According to Schumpeter‚ "Entrepreneurship is based on purposeful and systemic innovation. It included not only the independent businessman but also company directors and managers who actually carry out innovative functions". Need For Entrepreneurship Development: Economic development essentially means a process of upward change whereby the real per capita income of a country
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China’s Economic Growth and Development China is presently the world’s largest economy in relation to its population of 1.3 billion. The country is currently a socialist economy ruled by a Communist Government‚ with significant structural changes impacting its economy as a result of the high rate of growth over the past decades. Its economy is in the transition phase‚ moving from being a centrally planned economy to a system based more on the market. A socialist or market economy can be defined
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