GLOBALISATION AND LIFE INSURANCE Dr. H. Sadhak Director‚ Management Development Center Life Insurance Corporation of India A. Globalisation & Liberalisation Globalisation‚ according to Penguin Dictionary of Economics‚ “Stresses the geographical dispersion of industrial and service activities (for example research and development‚ sourcing of inputs‚ production‚ distribution) and the cross boarder networking of companies (for example through joint ventures and the sharing of assets”. According
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drivers of globalisation are those pressures or changes that have impelled both businesses and nations to adopt this approach. There are four different drivers: 1. Cost drivers These seek out an advantage to a business from the possible lowering of the cost of the service or production‚ and would include: gaining economies of scale from increasing the size of the business operation; the development and growth of technological innovation; lower labour and other resource costs in developing countries;
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Country notebook: developing an international marketing plan Overview Working in teams of 4 – 5 students you will analyze a country’s cultural and economic environment in order to develop a marketing program for a specific product or service. The purpose of this assignment is to facilitate cross-cultural understanding and evaluate a country’s market potential. You should work as if you represent a company planning to expand operations to several new countries. Your job is to analyze and tentatively
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Argument 1: Globalisation or ‘Gobble-isation’ - Globalization: to extend to other or all parts of the globe; make worldwide. - Eg. Africa‚ a third world country due to anti-globalization - Evident that globalization is inevitable‚ thus we cope with it to survive - The meaning‚ extend to other parts of the globe‚ means competition with other countries - Run by the bigger companies and influential people in the world‚ we as common people cannot make a known difference.
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THE IMPACT OF REGULATION ON ECONOMIC GROWTH IN DEVELOPING COUNTRIES: A CROSS-COUNTRY ANALYSIS 1 ABSTRACT The role of an effective regulatory regime in promoting economic growth and development has generated considerable interest among researchers and practitioners in recent years. In particular‚ building effective regulatory structures in developing countries is not simply an issue of the technical design of the most appropriate regulatory instruments‚ it is also concerned with the quality
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Parameters: Funding investments: There are many cases where poor households in developing countries might like to borrow money to make "win-win" investments that improve their own economic well-being and the environment. However‚ no one is willing to loan them enough money to enable them to do so‚ and they often pay high interest rates for whatever money that they can borrow. These households face borrowing constraints. Lenders tend to require some collateral in order for them to obtain
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INTRODUCTION According to the article “Convention on the Rights of the Child”(20 November 1989) 1‚ a child is defined as every human being below the age of 18 years unless‚ under the law applicable to the child‚ majority (or adult ‘status’) is attained earlier; in other words‚ unless the relevant laws recognize an earlier age. Issues like gender discrimination‚ domestic violence‚ sexual abuse‚ child labour‚ human trafficking‚ health and education‚ just to name a few‚ tend to be adversely skewed
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ideas between different countries around the world (Dickerson & Flanagan‚ 2006). In their article‚ “The Globalization Backlash‚” Micklethwait and Wooldridge (2001) addresses many of the concerns with globalization. They present their approval for this phenomenon by rejecting various arguments against it‚ stating that‚ in general‚ globalization is beneficial for everyone. This paper‚ on the other hand‚ will argue that as we become globally interconnected‚ developed countries‚ with the help of international
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production‚ while keeping waste to a minimum and how will affect developed and developing countries?” World hunger affects about 795 million people‚ and the vast number of the hungry in the world live in developing countries‚ but it also affects developed countries as well. Two possible solutions to feeding the growing population is to teach about the importance of food security and to improve food aid for developing countries. The first solution to feeding a growing population is to teach about food
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Globalisation is Westernisation Globalisation is Westernisation‚ and aspects of ‘the West’ can be found all around the world today – from the consumer culture of Western capitalism (with cultural icons such as McDonald’s‚ Coca-Cola‚ Levi Jeans and Starbucks)‚ the spread of European languages (such as English)‚ styles of dress‚ eating habits and TV viewing habits (Tomlinson‚ 2002). Tomlinson (2002) notes that globalisation is “the rapidly developing process of complex interconnections between
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