Question: How far does foreign aid contributes to the economic development of the poor countries? Answer: Developed or rich countries help developing or poor countries by providing aid to them. Currently lots of third world countries receive foreign aids from developed countries. This situation is lasting for many years and has both positive and negative aspects. Foreign aid from various sources can reach recipients through bilateral or multilateral delivery systems. Literally the world is becoming
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TCE asserts that transactions have distinct characteristics that explain how firm’s boundaries are drawn and when determine whether “market or hierarchy” will have the lower transaction costs in various circumstances. Asset specificity‚ uncertainty and frequency are the three variables of TCE that are used to characterise transactions. Williamson (1979) suggested four main forms of asset specificity‚ namely site specificity‚ physical asset specificity‚ dedicated assets and human asset specificity
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Returns to Scale Returns to scale is a concept that tries to explain the behaviour of the output in relation to the change in the total scale of operations of the firm. A change of scale of operations means a change in the total size of the firm‚ i.e. a change in both labour and capital of the firm. For determining the returns to scale‚ we need to calculate the Output Elasticity where: Output Elasticity = % change in Output/% change in all inputs The different types of returns to scales are:
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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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SOCIO-ECONOMIC AND DEMOGRAPHIC FEATURES OF KIDNAPPING IN NIGERIA: AN ANALYTICAL STUDY Abstract This study analyzed and reviewed the Nigerian print media coverage of kidnapping cases between 2005 and 2011. The focus of the study was to determine socio-economic and demographic features of kidnapping in Nigeria. Content analysis was adopted for the study as well as use of frequency tables for analysis of data. Anomie theory of crime based on Robert K. Merton’s analysis of Durkheim’s theory provided
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CIA III Psychological Measurement and Statistics Likert Scale: A Critical Analysis By‚ Mahika Sharma Likert Scale: A Critical Analysis Introduction The Likert Format arises from the scale for measuring attitudes (Kaplan‚ & Saccuzzo‚ 2001)‚ the first of which was originated in 1932 by Rensis Likert (Edmondson‚ 2005). The rationale behind development of the Likert Scale by Rensis Likert was to measure psychological attitudes in a “scientific” way in 1932 and later in 1934 to expand upon the scaling
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Strengths -Strong success in Europe -High-performance products -Recent selling of subsidiary “dog” Salomon -In many invents is the biggest sponsor -Strong management team. -Strong control over its own distribution channel. -In the soccer industry‚ it has a stronghold. -No bad reputation like child labour or environment pollution. -Diversity and variety in products offered. -Strong financial position with minimal long term debts -Innovative designs in footwear enabling consumers to design
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1.The Role of entrepreneurship in economic development of a country 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 look for opportunities‚ identify them and seize 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 CONSEQUENCES OF GLOBALIZATION ON TELECOMMUNICATION INDUSTRY Case of Vodafone Contents Contents 2 SUMMARY 3 ECONOMIC ANALYSIS OF GLOBALIZATION 3 GLOBALIZATION OF TELECOMMUNICATION INDUSTRY- CASE OF VODAFONE 4 CONSEQUENCES OF GLOBALIZATION ON TELECOMMUNICATION INDUSTRY- CASE OF VODAFONE 4 EVALUATION AND CONCLUSION 6 REFERENCES 7 SUMMARY While discussing the topics of trade‚ development and political economy‚ globalization is often discussed. In general‚ globalization means
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Discuss the advantages and disadvantages of aid as a strategy for economic development. Aid is a term used for major financial and material donations given from a donor country to a recipient country. Aid can be given directly from the donor government to the recipient government (bilateral aid)‚ or go from donor to recipient through an international organization such as the World Bank (multilateral aid). It can also take the form of loans from banks to the recipient country‚ or donations managed
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