Digital economy

CHAPTER 2 RESEARCH THEORITICAL FRAMEWORK E-commerce is a significant and pervasive phenomenon that is impacting not only organizations and societies but also the structure of markets and the economics of distribution channel-structures. Among others, four theories have been widely applied to explain the rapid growth of e-commerce: the transaction cost economics (TCE) theory, the agency cost theory (ACT), the network externality theory, and the long tail theory. 2.1 Theories Review 2.1.1…

Case study Bharat forge and Suzlon are two major Indian companies which have put India in the world market. It is mainly focused on entering the global market. These two companies are manufacturers of entirely different products. Bharat forge is a main player in the automotive industry and Suzlon is a textile manufacturing industry. Both the companies started with a basic this case study highlights the key points on how both the companies used strategies and resources to enter and establish in…

growth would be centered in the early expanded regions creating a vacuum by pulling skilled persons and money out of the local economy. But, they also realized that because the expanded regions will stimulate economic growth elsewhere making up for the drain. Binn pointed out that Hirschman recognized that one or two regional centers seem to be needed for the economy to lift itself to higher income levels. Hirschman felt that government should not intervene since the drive for greater…

become big players in the world’s economy in what seems to be overnight, due to such rapid growth. In The Elephant and the Dragon: The Rise of India and China and What It Means for All of US, Robyn Meredith lays out the history along with effects of this rise in India and China. One of the main questions is what should the United States do about this rise of what could be two new super powers in the world. China and India are transforming from poor and closed economies to developmental giants.…

Globalization is the description given to the linkage between countries around the world and how they’re becoming more connected economically and culturally. Globalization causes competition between companies within a country and international competition. Thomas L. Friedman, the author of, “The World Is Flat: A Brief History of the Twenty-first Century,” comes up with an analysis of modern-day globalization. The title, is more specifically a metaphor which Friedman came up with, after hearing…

Poverty in Pakistan is also a major issue: a very fast-growing population facing a lot of problem like lack of education, jobs, technology and investment. But the nation is committed for tackling the problem and the poverty rate has fallen by more than 10% in the mid-2000s. According to a report nearly 15 million people who were lifted out of poverty. Media has placed facts and figures in front of nation and gave suggestions to eliminate poverty. The reason why poverty became such an important…

permeation process facilitated by policies of governments, private corporations, international agencies and civil society organizations.” For instant globalisation is seen as a means for economic development. This refers to the integration of “domestic economies with the world and the inevitable consequential…

China and Capitalism: Toward a Consumer-Driven Economy The Chinese economic reform is widely regarded as a success. In 1979, communist leader Deng Xiaoping opened China to foreign investment, private competition, and the global market. Since then, China successfully transformed its economy from heavy central planning to a more capitalist system. Less than forty years later, China has become one of the world's largest economic power with significant yearly growth. Many people devoted to study…

Have you ever wondered how people with difference careers communicate and express how they feel about what they do, how they do it, or what impact they have in society and how it relates to our education? Experts from different fields might study and approach current issues. My issue is: poverty. First, we must understand what an Economist is. An Economist is a Social Scientist, expert in economics. According to “What is Economics”, economics is “the branch of knowledge concerned with the…

I believe that the purpose of this bumper sticker is clearly to express corporate capitalism. It is, in my opinion, an argument of ethics, reasoning, or logos. Is it ethical, or reasonable, to allow a large corporation, such as coke, to control a larger part of our economic system than the people or government? Nothing to my knowledge provides a more accurate depiction of this problem than a bumper sticker using the iconic enjoy that Coke (a large, multinational conglomerate) so typically, and…