Development economics

the use of natural resources for economic growth when you don’t know if it might work (test…

different from what others may be used to. That being said, culture can impact many things economically, politically, and socially. Sub Saharan Africa’s culture has impacted the country today through colonialism and decolonization, militarization, and economics. In Sub Saharan Africa colonialism is somewhat responsible for what responsible for the difficulties there are today. In the 19th century, many european powers drew political boundaries dividing up the african counties. In the division…

complete protection of competition law system for the normal operation of market mechanism and economic growth is indispensable. Today the world's major developed countries have their own competition law protection system, such as antitrust laws of antitrust law in the United States, Japan and the European Union's competition policy. And monetary policy, fiscal policy, or any other indirect regulation of economic means, the law directly affect the enterprise's organization and behavior. The…

aspects of opportunity recognition and development process. Opportunity recognition is ideas, in which business owners determine prescriptive action, in order to establish new venture based on the opportunities that they identify. Bygrave and Hofer (1991) describe an entrepreneur as a person who is able to identify opportunity and develop a business to follow that idea. Indeed, Shane and Venkataraman (2000) claimed that the finding, analysing, and development of opportunities is a determining…

problems of modernization of the economy and maintenance of a stable economic growth are crucial to all countries around the world. The process of globalization and the development of information technology increase the competition between states and forces national governments to develop strategies that would allow their nations to gain a competitive advantage as a way to ensure the country’s leading position in the world in terms of economic, political and cultural influence. In view of it,…

threat of political decay is present and states have the risk of falling into a cycle where they cannot further develop. The pre-requisites for the emergence of democracy are the categorizes of the bellicist theory containing political conflict, economic, and cultural theories; and the existence of stabilized institutions within the state regarding rule of law, the state, and accountable government. One of the main reasoning and identifiable pre-requites for the emergence of democracies…

services and utilities (xxxxx). These issues have traditionally been addressed by developed countries that donate aid for development, international organizations and multinational companies (MNCs) that aid in development through their “corporate Social Responsibility” (CSR) activities. The BoP concept is based on the idea that there is a fortune at the bottom of the economic pyramid of consumers (prahaald and hart 2002) which has attracted…

hardly keep its “Miracle on Han”; in order to survive the competition with foreign goods that came with the economic globalization, Korean companies chose to exploit their workers more than ever. Yet what brought by the socio-cultural globalization was the awareness of democracy and human rights. Influenced by the trend of thought, workers began to fight for their rights. The contrast between economic and socio-cultural globalization could even seem contrary, which can be seen in the case of…

capabilities of actors. The fundamental paradox of democracy and ‘good governance’ as a way of fighting corruption is that we cannot have perfect representation of interests and perfect economic freedom simultaneously. Where state power becomes a threat to economic development, it becomes corruption. And vice versa, economic development can be seen as a threat to the state, but it is up to the state to create tax systems and limit the process of unfettered growth. This is, however, provided that…

2-1. FTA/EPA and the current trade In terms of the classical theory, FTA is the first step of economic integration, which is a ‘fusion of national markets’, and abolishment of tariffs and allotment of quotas among the member countries (Balassa, 1962: 2). Particularly, under perfect competition, trade liberalisation may enable economic welfare to maximise (ibid, 59). Due to open markets, reallocation of productive resources from less to more efficient countries could occur and national industries…