Developed country

to expect the world economy to operate on a ‘perfect competition’ model, but it is important to try and reduce barriers, so firms may operate anywhere in a fair manner and consumers then may have more options and ultimately lower prices. Holding countries accountable for unfair trade practices is essential to have a fair playing field for trading nations. There are definitely a lot of benefits with such an organization; an example being stated living standards have tripled after the…

the other hand, refers to the scarcity of resources or a situation where a country or a person lacks a given amount of resources. It is a condition where a nation lacks the necessities to enjoy the…

developmental state has influenced me and given me a more in-depth insight on the discourse than what I could ever have imagined. Indonesia with its unique political landscape – A country with the largest Muslim population in the world with a democracy – has faced considerable hurdles in its path to development when compared to countries like China (as well as Taiwan and Hong Kong) and Japan. The Indonesian government and public’s euphoric moment when we finally return the last batch of the…

Aid is the Only Sustainable Way to Develop" Foreign Aid is money or resources that a given country voluntarily transfers to another country. This can be in the form of a loan, grant or gifts. The Aid serves as assistance to developing economies from developed ones to boost growth, improve democracy and/or strengthen military ally amongst other courses. Over the years, Africa and other developing countries have received millions of dollars to improve their economies. However, several…

the UK. Many countries around the world don’t have the infrastructure capable of supporting products and services from developed nations like the UK. This barrier maybe hard to overcome as some product may need specific requirements which aren’t available worldwide. So the idea of internationalising through the entry modes of exporting maybe counterproductive as the infrastructure isn’t sustainable. Many SME’s in the tech sector are looking to internationalise especially in countries where…

Mississippi on January 8, 1935. While his father, Vernon, struggled to find work, Elvis developed a very close relationship with his mother, Gladys (Elvis Presley). According to one of…

macro-economic stability essential for economic growth and poverty alleviation. High-income countries are urged to support these initiatives through increased aid, debt relief, experience exchanges e.g. on policy making and good governance, liberalized market access for products of importance to low-income countries, and increased resources for the fight against communicable diseases. However, many low-income countries already face tremendous and often contradicting challenges in achieving…

phenomenon that involves foreigners travelling to different countries for either personal or professional purposes. The travel and tourism industry is the world’s largest and most diverse industry. Many nations rely on this dynamic industry as a primary source for generating revenues, employment, private sector growth, and infrastructure development. However, tourism can cause negative social, economic and environmental effects on the host country. The objective of this paper is to critically…

translated, globalisation is the process by which people, their cultures, money, goods and information can be transferred between countries with few or no barriers . With the world’s economies merging into each other, a global culture has formed and many people now recognise the importance of globalisation in shaping their current lifestyles. In the past, one country would have been dominated by its own culture and traditional lifestyle, but in the modern era with globalisation causing the…

There are world issues that cannot be resolved by individual states alone. Attempts of international governance were seen within the League of Nations, and now the United Nations. The United Nations (UN) is an intergovernmental organization, not a world government, but the possibility for it to transform to one is not unlikely. The United Nations has its fair share of success and failures, but whether the movement towards a world government is a good idea or not is debatable. In the case for a…