Economic restructuring

studies focused on the role of FDI in economic growth in developing countries. However, there seems to be no agreement with regard to the direction of causality between these two variables. This study focuses on the causal effect of FDI in Brazilian’s economic growth based on an econometric study with panel data collected during the last three decades, which was a phase in which many of the development countries introduced various political, financial and economic…

international sites and was the first to establish international franchising (Barney & Hesterly, 2015, pp. PC 3-54). The opening of the marketplace to foreign investment allowed McDonald’s to capitalize on the changes within China that were leading to economic growth and urbanization. Lessons learned during the expansion into Japan helped with the expansion into China. The increased buying power of the citizens provided broad appeal for investment into QSR; McDonald’s faced cultural and…

as a whole. That sounds great and rosy, but the truth of the matter is that prosperity of the global economy may come at the expense of prosperity of the national economy. In this sense, globalization is bad for the U.S. because it hurts domestic economic interests. Martin Wolf covers some of the main points of the disadvantages of globalization in his article in the Financial Times. Essentially, power and natural resources are limited. Globalization empowers developing countries, but because…

Adam Smith’s idea on self-interest in the market, is what we refer to as the “invisible hand” argument. Smith believed that there is an invisible force that motivates people’s behaviour, which leads to successful markets. One of the main premises of this argument, is that all individuals strive to earn a good living, which in turn allows them to support themselves and their families. In trying to pursue a good living, individual’s subconsciously make a social contribution – by creating a good…

Diamond published his book Guns, Germs, and Steel in which he offers the thesis of geographic luck contributing largely to the reason why Eurasian societies developed over other parts of the world. Diamond credits the Eurasian political, military, and economic superiority in the world not to their possible advancements in culture, intellect, or race, but rather by simply having geographic determinism on their side. Through analysis, Jared Diamond attempts to give the one reason explanation as to…

Emma Soffler Mr. Nolan 27 October 2017 U.S. History 11H-4 Document Based Question: What Caused the Great Depression? Isaac Newton once said, “What goes up must come down.” Although Newton uses this to explain the laws of gravity, the quote is fitting for many different events. The economy, for example, is a cycle which continues to rise and fall throughout history. In the year 1929, the United States’ economy prospered tremendously. The economy continued to expand, until there was no more room…

4. BUSINESS RELATIONSHIPS MANAGEMENT’S IMPACT ON COMPETITIVE ADVANTAGE Introduction to competitive advantage In modern global economy and globalised market it is of high importance to be competitive and ahead of your business rivals or competitors. Competitive advantage is (Warf, 2010. p. 559) “an improvement on the traditional theory of comparative advantage”. Sustainable competitive advantage is considered (Baaij, Greeven and Van Dalen, 2004) a cornerstone concept in strategy practice and…

their rights and is one of the few ways to bring about global environmental improvements. The free trade advocates believe that the limitations on other countries and using trade leverage should be shut down because it not only will dampen global economic expansion but also, in the long run, will reduce environmental protection. The underlying problem in this case is the continually narrowing gap of movement space that the WTO allows when it comes to environmental expectations, especially those…

INTRODUCTION Modigliani and Miller’s (1958) irrelevance theory of capital structure was a landmark research in the field of finance, leading to an increased interest in the corporate capital structure and its determinants amongst scholars over the following years. Essentially, Modigliani and Miller conclude that under certain assumptions, the market value of a firm and its capital structure are not related (Proposition 1). Additionally, they suggest that the expected yield of a stock share…

One of the biggest debates pertaining to criminology is whether or not people are truly responsible for their criminal actions. Throughout history, criminalists attempt to answer that question in order to find a solution to control crime. There are two dominant thoughts on the subject; the Classical School version and the Positivist School version. The Classical School version is based on the premise that crime is committed through free will and rational thought; leading to the conclusion to do…