Digital economy

Introduction There are two internationalization strategies which play an active role behind the development of small and medium sized enterprises (SMEs): exporting and foreign direct investment (FDI). They either act jointly or individually to affect the growth of such firms. FDI is more effective than exporting strategy for the growth of SMEs. A strategy which incorporates high rate of exporting with high FDI will have obviously higher rates of firm growth. Those firms who take up the…

Since the kingdom of Bhutan opened its doors to tourism in 1974, the country has experienced consistent growth and development. Tourism in Bhutan has made major contributions to the economy by generating employment and surplus revenue for the government (Tourism Council of Bhutan, n.d). The tourism industry in Bhutan is based on principles of Gross National Happiness; implementing the strategy of high-value, low volume to prompt economic growth and to diminish poverty (Sasiwan, 2016). Tourism in…

OCBC. Therefore, if Temasek model is to be adopted by the Chinese government, it is inevitable that a large amount of privatisation would be necessary. As such, drastic changes and industry restriction would result in an earthquake for the state economy and thus makes it either unrealistic or require a long time…

With the great opportunities to affect the long last socioeconomic, political and cultural reform has make the Philippines stands on the acme of the new era of prosperity. Philippines require a dynamic local consumer market and attract foreign investment by investors outside of the country in key growth industries. Strategic location of Philippines which flanked by the Pacific Ocean and the South China Sea makes it a critical point to some 500 million people in the ASEAN market. Therefore,…

their types. Most of the hotel provides luxury amenities, serviced accommodation with restaurants. Boutique hotels are smaller and independent hotel that provides all such facilities. Small hotels provides a limited amount of necessary amenities. Economy hotels are also small and medium sized hotels that provide basic accommodation facilities with little or no services. Extended stay hotels are medium sized hotels that provide long term full service facilities and accommodation compared to other…

time and money, which generate income and employment which is helpful to develop our economy. That’s why it is very important to wellbeing of many countries. Before 1947, no one focused on this industry but at the beginning of this century, tourism was considered as an industry or business. Now government has taken essential or useful steps for promoting tourism because tourism is not only helpful in develop the economy other then it is helpful to create new habits, social development,…

Tourism is really important for each country, this industry bring huge sum of money to the national economy. And usually local people support tourism because it provides very big income for them, but after some time line is crossed and locals start notice a lot of negative points. In this part we will talk about different types of consequences of mass tourism. As everything in our life, mass tourism has positive and negative points. First of all, as we already noticed, mass tourism provides huge…

Abstract Tourism is an international activity that includes a combination of economic, political, social and environmental factors with more and more complex consequences. The touristic development creates economic benefits and costs from country to country and from region to region. This is mainly attributed to at the different economic structures of the countries or regions of touristic destinations and by their geographical position. The Historic and cultural objects play an important role in…

market the children are more into playing games in phones and tablets than playing with toys. With advanced technology around, the children learns quickly using internet and other digital learning methods so they do not prefer to play with toys or any traditional games. This change in the culture forced Lego to enter the digital market and grab some attention from their customers by launching an online multi player game called ‘LEGO Universe’ in 2010 and ‘LEGO World’ in…

the theory of value and time factor. Economics is the study of human action and how to manage the limited resources to fulfill unlimited wants of humans. It is also social science that analyses the choice for sharing limited resources. In economy, there are goods and services, production, consumption and so on. In real life, humans have many unlimited wants. Humans use goods and services to fulfill their unlimited wants. Using goods and services to fulfill unlimited wants is called…