Why are African States weak? There are many causes for state weakness‚ there are many causes for state strength. State legitimacy‚ corruption‚ homogeneous/heterogeneous societies‚ unstable governments‚ uneducated workforce have all been named as the reason why an economy of the country is not working‚ but there is never one single reason why something does not work There is not also always a continual growth‚ and some countries can grow much bigger and stronger in some years‚ only to be hit
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Chelsea McCann Chapter Five: 3. Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often characterize as “unfair” import competition. Is such competition “unfair”? Do you think that this argument is in the best interests of (a) the unions‚ (b) the people they represent‚ and/or (c) the country as a whole? Low-wage countries produce the same products for less than a developing country could. The reason unions
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A BRIEF ON SMALL AND MEDIUM SCALE ENTERPRISES AND ECONOMIC GROWTH Nigeria as a developing economy cannot achieve full development without the contribution of the small and medium scale enterprises (SMEs). In most developed economies‚ the main stay of their economy has been attributed to the effectiveness of the small and medium scale enterprises (SMEs). Small and Medium Scale Enterprises (SMEs) is accepted globally as a tool for empowering the citizenry and economic growth. It has been associated
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Consequences of Globalization in Economics The term globalization can broadly be defined as a process through which global networking of communication‚ trade‚ and transport leads to integration of regional economies and cultural societies. The process is a result of a combination of factors like culture‚ technology‚ politics‚ and economics. Economic globalization refers to “the integration of national economies into the international economy through trade‚ foreign direct investment‚ capital flows
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Globalization – Threat or Opportunity? 1 Introduction Globalization is a term used to describe the political‚ economic and cultural climate of today’s world. Some say it is the movement of people‚ language‚ ideas‚ and products around the world. Others see it as the dominance of multinational corporations and the destruction of cultural identities. Since the dawn of man‚ economies have been changing and expanding‚ but most importantly‚ converging
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Introduction As organisations wish to move out of their domestic market and compete on the international stage they are faced with very differing business arenas. Different nations can vary greatly in relation to consumer behaviour‚ language‚ law‚ infrastructure‚ education and distribution structures. For companies to be successful‚ the way in which they deal with the tensions abroad is vital. (de Wit and Meyer‚ 2010). As these businesses compete on the world stage there can be some effects concerning
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The WTO unfairly benefits the developed countries and contributes to the exploitation of developing countries. Its structure should therefore be altered radically‚ or the WTO should be abolished altogether. In their argument‚ Jerry Milligan and Andriy Kabanets argue that‚ "the WTO is fair towards developing countries and even benefits them". Additionally Mr. Milligan and Mr. Kabanets argue that the WTO‚ "solves problems that otherwise would exist without the WTO and does not create new
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International Journal of Business and Management September‚ 2009 Problems and Prospects of Marketing in Developing Economies: The Nigerian Experience Sunday O. E. Ewah & Alex B. Ekeng Department of Business Administration‚ Cross River University of Technology Ogoja Campus‚ Nigeria Tel: 80-5901-4300 Abstract The study takes a holistic view of some of the problems facing marketing in developing economies‚ such as low marketing education‚ preferences for foreign products and low patronage for non-essential
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Paul Baran and Andre Gunder Frank are the originators of the concept of economic underdevelopment and it popularized during the late 60s. This is also known as the Baran-Frank thesis. The summary of the thesis was that industrialized rich nations obstruct or delay the development of poor nations by the help of policies and interventions designed to protect their global dominance over world trade and power. One of the main points the thesis layout is the concept of the development of the underdevelopment
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The Success Factors of Developing Countries in Facing Globalization The question of whether globalization could give benefits for all countries in the world becomes an interesting issue. Rapid technological development in various fields and changes in global policies result globalization must be faced by develop countries and developing countries. The concept that globalization has caused negative impacts particularly for developing countries is not entirely correct. Globalization could bring
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