Economic development

Foreign aid plays a major role in ensuring the economic and social sustainability for many developing countries. Foreign aid helps economic development, which helps improve the lives of the people in developing countries. There are two forms of foreign aid, humanitarian, and development aid. If there is peace, foreign aid is unified and effective. However, during war the process hinders due to violence and tension between countries, this causes a threat to the efforts. Humanitarian assistance…

handling important customers. The STEEP analysis tool is a framework to “gauge how the external environment will impact a given company’s strategic plan to remain competitive” (Blum, 2009) . It stands for five elements which are Social, Technological, Economic, Ecological, and Political. For the sake of this study report, I’m going to take “Wal Mart” which is a leading and one of the biggest global retail companies in the world as my example. First, the Social Factor: Wal Mart’s international…

of the contributions are: ECONOMIC CONTRIBUTIONS: Any development in the country doesnot affect particular sector only but it does change the pathways of other sectors as well. Increase in national income: Development in industrial sector greatly affect the GDP of the country and industrial sector up brings employment, investments and production higher the contribution more boosts up in GDP. Economic stability: Textile industrial growth immensely contributes in economic…

Globalisation is a movement trend in the whole world that is working towards integrating in sectors such as economic, financial, trade, and communications. The concept looks at opening up local and national markets to other countries through an interconnected and interdependent world that enables free transfer of capital, goods, and services across nations. Critical Evaluation Globalization has managed to integrate different world economies, including people and companies in different…

Trumps Economic Policy: Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labor market, national ownership, and many other areas of government interventions into the economy. A government has many aspects of economic components. Some of them are listed below: •Macroeconomic Stabilization Policy. •Trade policy. •Policies related to…

of migration’ were illustrated are still considered as the mainstay, foundation, and genesis of most contemporary dynamic theories of migration. The general hypothesis of Ravenstein’s concepts was that human mobility is very much linked to economic development. An outline of Ravenstein’s laws of migration as noted by Dinbabo and Nyasulu (2015:…

in the development of the economy, and this could also have consequences long-term. This reminds me of what Hazlitt mentions in chapter seven, he says that "the central lesson is that we must try to see all the major consequences of any economic or development policies: the immediate effects on special groups and the long-term effects on all groups ". To a certain extent, I feel that the regulations only seek to benefit the government of this country, avoiding being affected in any economic…

Economic growth and development are diverse across provinces in Canada. According to the Conference Board of Canada (2013) Alberta, Saskatchewan and Newfoundland and Labrador, all earn “A+” grades for real GDP growth in 2013. However, New Brunswick earns a "C" grade, which is the worst performance among the provinces in Canada. There is also variation in employment and unemployment growth across provinces. These divergences of economic performances across provinces in Canada prompts provincial…

work force, knowing about income inequality is very important. Women are a big victim of inequality and need to learn the cons and pros about the issue. According to the Organization for Economic Cooperation and Development (OECD), income inequality had "a negative and statistically significant impact" on economic growth and also effects education. From money.cnn.com, Americans born in the early 1960s, only 5% of poor people went to college and 35% of the rich did. But then in 1980, the rich…

One of the most important inventions of the nineteenth century was the invention of the steamship. In “The wind of change: Maritime technology, trade and economic development”, Luigi Pascali describes how invention greatly reduced shipping time between countries, thus stimulating international trade with lower shipping costs. It affected most every country that delt with overseas trading, however it affected the United Kingdom the most as they were the primary trading country at the time. The…