ECONOMIC DEVELOPMENT SUMMARY CHAPTER 2: COMPARATIVE ECONOMIC DEVELOPMENT (Page 65 – 73) Created By: PATRICIA M. A. ADAM 1006805694 International Undergraduate Program Faculty of Economics University of Indonesia Depok 2013 Larger Rural Populations but Rapid Rural-to-Urban Migration One of the hallmarks of economic development is a shift from agriculture to manufacturing and services. Although modernizing in many regions‚ rural areas are poorer and tend to suffer from missing markets
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From looking at figure 5 a varity of trends can be shown. When focusing on internet users a very slow rate of growth can be shown‚ this may be due to the small amount of countries that are able to get access to the World Wide Web due to connections. Over a 10 year period from 1998 to 2008 there can be seen a major rise in the use of the internet. As the internet is a relatively new device it is clear that those less developed countries would take time to get hold of it. 1990 was quite early for
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Econ 333 10/18/13 Assignment 3 Chapter 3: Questions for Discussion 1. The distinctions among the stages-of-growth theory of development‚ the structural-change models of Lewis and Chenery‚ and the theory of international dependence is that each one takes into account different factors or focuses on specific factors. The Stages-of-growth theory has a five stage to which a developing nation must go through. The Structural-change model of Lewis focuses on a developing country transforming itself
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Advantages of Globalization: • Resources of different countries are used for producing goods and services they are able to do most efficiently. • Consumers to get much wider variety of products to choose from. • Consumers get the product they want at more competitive prices. • Companies are able to procure input goods and services required at most competitive prices. • Companies get access to much wider markets • It promotes understanding and goodwill among different countries. • Businesses
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Brain Drain — Presentation Transcript • 1. • 2. INTRODUCTION : A brain drain or human capital flight is an emigration of trained and talented individuals ("human capital") to other nations or jurisdictions. Brain drain can occur either when individuals who study abroad and complete their education do not return to their home country‚ or when individuals educated in their home country emigrate for higher wages or better opportunities. • 3. HISTORY OF BRAIN DRAIN : Historically‚ the
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America and India Introduction Developing country means the countries compared with the developed countries have lower degree of development of the economic and social aspects. Developing countries have a vast territory‚ large population‚ vast market and rich natural resources. There are many strategic places‚ in terms of economic‚ trade‚ or from the military‚ occupied an important strategic position. China is the largest developing country. Developed country Refers to a higher level of economic
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Have you heard about global cooperation? Do you know global cooperation is helpful? Nowadays‚ global cooperation is getting more and more important‚ they help developing countries a lot. Global cooperation is helpful for poor families‚ technology trade and tourisms. First‚ global cooperation gives more job opportunities to the people in developing countries. As we know‚ some Asian countries have very good human resources‚ so global cooperation can give the people in developing countries many jobs
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Globalization is a process which allows countries on different continents to integrate and interconnect with each other. The onslaught of Globalization has taken the world today by storm‚ and can be seen everywhere. However‚ one must take into account that globalization can be seen as a double edged sword‚ bringing about both pros‚ and cons. Firstly‚ Globalization brings about an increase in the competitiveness of the local workforce. The onset of globalization has allowed our local population to
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Argumentative Essay In the present situation‚ people use technology to do almost everything for them. They use technology for trivial works like performing household chores to complex actions like executing complicated computer programs. According to my opinion‚ people have become extremely dependent on technology. Nowadays‚ people have laptops‚ eBooks‚ etc. and in some advanced countries like Japan‚ human teachers are being replaced with robot ones. Furthermore‚ we get the latest news from the
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Sweatshops and Child Labor In this book‚ Where Am I Wearing‚ Kelsey Timmerman travels around the world in search of the factories and people making his clothes. Through this book Timmerman sheds light on the realities of sweatshops and child labor in developing countries. What Timmerman is trying to say and trying to get us to feel is that sweatshops aren’t necessarily a bad thing in some instances they’re the best means of survival for some families. Families in these countries would be out
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