Economic mobility

1. Cultural conservativeness: Socio- cultural factors have deep influence on the rate of economic development. People’s attitudes, habits, customs and cultural patterns also effects development. These things determine their thinking about work, saving, consumption and family planning. If these factors are favorable in a country, it can develop rapidly. Caste system, nepotism, corruption, ignorance, superstitions are the things which retard development. It is one of the biggest hindrances and…

needs to be addressed with a sense of urgency. Peak oil will force the change in which society operates and will have a dramatic influence on the economic condition of the world as it has had in previous years. The demand for oil globally is going to be forever increasing unless alternatives are found. Peak oil is unquestionably linked with the economic state of nations and has great potential to lead to another global recession as it has done in the past. (McPherson, GR. & Weltzin,…

The definition of Pest analysis is a management apparatus for analyzing some of the external environment that operate upon a business. Pest Analyses do not have any command over these factors but it will have to be conscious of them and respond to them if it is to remain competitive in the market. This tool gives you the option to assess the market for a business or organizational unit, pest analysis becomes successful in a brainstorm meeting, as it gives you the idea on how to tackle the…

According to Abramovitz (2014), the post-World War II welfare state was the “golden age of capitalism” (p.4). During this period actual income and living standard rose for everyone, the inequality gap between poor and rich become narrower, the middle-class dream of a good job and a good home became more of a reality, more employment and equal opportunity were created, better wage and good benefits were introduced for the workers and sexual equality and civil rights movements were steady. “The…

education and arts, communication and other parameters, which were previously the product of a single state. The term and its influences began to be felt after the Second World War, and were characterized by various traits. Development of world trade, mobility of people and money, bloom of technology and science. I chose this topic because First of all, I was researching for information about the…

Jones tells the sad truth of how many families can’t move not because of Borders themselves but the economic oppression that hovers over families. “Without an…

Bourguignon states that the negative consequences of inequality have to be emphasized. Economic inequality is due to the lack of access to economic facilities for the public as well. Bourguignon also mentions that there are policies in place to stop inequality from increasing, to stop economic inequality but increase economic efficiency. It is also important to pay more attention to markets in other nations due to them being a part of the economy in that…

Labor Mobility and Rural Society. London: Frank Cass. Connell, J., Dagupta, B., Laishley, R., & Lipton. M. (1976). Migration from Rural Areas: The Evidence from Village Studies. Oxford: Oxford University Press. Amjad, R., 1989. Economic Impact of Migration to the Middle East on the Major Asian Labor Sending Countries - An Overview. In: Amjad, R. (ed.), To the Gulf and Back. Studies on the Economic Impact of Asian Labor Migration, Pp: 1–27. Geneva: UNDP/ILO. Stark, O., 1991. The New economics of…

associated with economic and political change. It is a step towards a more integrated and interdependent world. It is the process of denationalization of markets, politics and legal systems, i.e., the rise of the so-called global economy. It promotes connectivity, free trade, cultural diversity, mobility and changes in ITC. Globalization is the process of international integration, generating further interdependence of economic and cultural activities. Globalization in its basic economic sense…

host economy to take advantage of the potential spillover effects of FDI. This suggests an inevitable roles institutions or intermediaries play to lure foreign capital flows and for that matter economic growth as Shaw (1973) recognized the importance of institutions in enhancing capital accumulation and economic growth. Taking cues from Alfaro, et al (2004) and Shaw’s (1973) emphasis on the role of institutions in the growth literature, the general assertion remains that, in the current…