Question 1: Briefly review the New Economic Policy of 1991. Highlight the landmark developments undertaken in the field of Public Sector Policy. Answer 1: New Economic Policy of 1991: Introduction: The New Economic Policy (NEP) consisted of wide ranging economic reforms. The thrust of the policies was towards creating a more competitive environment in the economy and removing the barriers to entry and growth of firms. This set of policies can broadly be classified into two groups: the stabilization
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CHAPTER 1 QUIZ 1. The term globalism or globalization generally refers to _____. a. increasing loyalty to your own country b. global competition characterized by networks that bind countries‚ institutions‚ and people. c. competition in an increasingly borderless world d. b and c only 2. The hostility to the takeover of Europe’s largest steel company‚ Acelor‚ by India’s Mittal Steel illustrates a. the decrease in nationalism and increase in globalism. b. the backlash against globalism.
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Global Competitive Strategies EXTERNAL ANALYSIS PESTEL ANALYSIS Political factors: -restriction and regulation of imports‚ exports and trade tariffs decide whether a company can compete globally: eg. GATT agreement in 1989‚ Mexico-open marketplace‚ enabled Cemex to expand globally. - governments may decide to nationalize or privatize the cement production; eg. Venezuela nationalized cement production. - political stability of a country will highly affect the performance of the industry
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Question 1: Imagine that you are in charge of logistics for a small exporting business such as Honeyland. What are the difficulties you need to think about? Efficient logistics is important for businesses especially when they involve in exporting products to reach their market. For a small exporting business such as Honeyland‚ there will be difficulties in managing logistics. Leading supply chain practices and processes commonly reside with large retailers and manufacturers. They have and driven
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REVIEW OF SESIONAL PAPER 10 1965 DR. F. MUGO AND DR. R. OPIYO JULY 1ST 2014 Contents INTRODUCTION A sessional paper is a government document tabled in the parliament for discussion usually annual reports. In the Kenyan context this was the first sessional paper produced and tabled for discussion about theory of democratic African socialism and its practical application to planning in Kenya. It was for government to show clearly policies and also explain its programs
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Political Policies: Zulfiqar Ali Bhutto: Constitution: Bhutto is considered the main architect of 1973 constitution as part of his vision to put Pakistan to road to parliamentary democracy. One of the major achievement in Bhutto ’s life was drafting of Pakistan ’s first ever consensus constitution to the country.] Bhutto supervised the promulgation of 1973 constitution that triggered an unstoppable constitutional revolution through his politics wedded to the emancipation of the downtrodden masses
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South American nation. A United States corporation purchases large amounts of land in Guatemala. A Japanese investment firm becomes the major shareholder in a Bolivian silver mine. Which concept is illustrated by the situations above? A. Nationalization B. Isolationism C. Interdependence D. Protectionism 3) Global problems of uneven economic development‚ environmental pollution‚ and hunger reflect the need for… A. The return to policies of economic nationalism
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Mossadegh nationalized the Anglo- Iranian Oil company in the year 1951; it was a company that gave Britain billions of dollars every year. This nationalization
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Introduction Two truths underpin this argument: Firstly‚ society cannot realistically live in a purely capitalist‚ communist‚ free market or command economy. Due to market failures‚ there will always be need for some level government intervention both in the form of passive and active stabilization policies in order for optimal economic function. For this reason‚ most countries have mixed economies which give rise to the need for international businesses to be aware of both the microenvironment
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Abstract Many factors in the macro-environment impact the development of an industry. These factors can by categorized as Political‚ Economic‚ Social‚ Technological‚ Environmental and Legal (PESTEL). Economic‚ legal and environmental factors are closely tied up and mostly controlled by the political factors. Political factors mainly refer to intervention of the government in the economy via introduction and amendments of various new policies and laws. The purpose of this essay is to explain how the
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