Knowledge economy

money as a crucial feature of social life. In particular, to show how the concept and value of money has changed over time, an historical and sociological context will be taken into consideration. Thus, the analysis of how society conceived money economy in the past, and of how money is conceived in the present instead, will demonstrate also an awareness of the development of sociology as a discipline itself. In addition, the sociologist’s concept of “blasé attitude” will also be discussed in…

settle in, even in the impoverished ones. The cultural argument also explains successfully how two countries, South Korea and Ghana, who had similar economies and comparable levels of GNP, ended up in completely different economic positions in a matter of thirty years. As Harrison and Huntington explained, South Korea became one of the largest economies in the world in part because of its emphasis on education, hard work, thrift, organization and discipline. The people from Ghana had different…

global economic growth compared to that of traditional flows. In fact, the capacity of cross-border data flows has flourished since 2005 and is presumed to flourish even more over the next few years. This new form of digital globalization is more “knowledge intensive than capital or labor intensive.” Instead of shipping products overseas, broadband connections lessen the obstacles to entry while reinforcing competition and changing the way in which business is done. Although…

a country with low production factories and industrialization leaves its citizens prone to an increase in income gap between skilled and unskilled workers. For example, Mexico is a developing country of the Latin America, who slowly maintains its economy by accepting major contracts with recognized automobile factories such as General Motors and Chrysler. Therefore, industrialization clearly suggest an increase of capital revenue as well as massive inflow of foreign capital. However, although…

1.5 State Financial Corporation (SFC’s) The State Finance Corporations (SFCs) are the major component of financial institutional structure in the country. SFC provides financial assistance to small and medium industries of the states. SFC’s are plays significant role in establishing balanced regional development, higher investment, more employment generation and broad ownership of industries. Objectives of State Financial Corporation • To set up consistency in local commercial ventures. • To…

Modern infrastructure is a core component of a competitive economy. Trade-enabling infrastructure should be a critical part of Canada’s long-term plan. Trade infrastructure includes the roads, ports, railways, border facilities, airports, pipelines, and most important digital networks that move Canadian products, services, and people to global markets. Trade infrastructure has the highest return on investment, It is the structure that makes a country wealthier by making it more competitive.…

Globalization is the economy of interaction within the countries over the world and the integration of economics and societies in order to exploit the global economy (Scholte, 2005). Globalization contributed towards increasing and decreasing poverty and inequality in developing and post-communist countries. There are affirmative and negative effects for those countries which are able to attract foreign investors and foreign capital throughout globalization (Robertson, 1992). Economic…

Choice of Company I have chosen to conduct my case study around Standard Bank Group Limited due to it’s prevalent presence on the African continent operating in 32 countries across the world (20 of these being African nations) as well as in addition to the bank’s substantial dominance in the African Market , having been regularly judged as being the “ best bank in Africa” , closing off the year 2015 with assets worth well over the value of $184.518 billion (closest competitor – Barclays…

The difference between a green economy and a non- green economy is seated in the economic values held by government regulators and public policy makers. The industrial sector has undoubtedly become one of the world’s biggest drivers of economic development, sustainability and progress. This is because of its rate of its demand (industrialization) which links to other economic sectors, such as employment. As well as dependence on our natural environment, puts it in position from an economic…

Market Strategy and Facing the World Financial Crisis HSBC in China HSBC, in a span of 2 centuries since its inauguration, has tinkered with their strategy in international plain over a variety of ways in concordance to world trends, regulations and knowledge acquired through learning processes and experiences. Within its strategy, growth holds a constant trend as the tip of the spear, as is indicated by the high market development, while variations tend to decorate its business strategy and…