Knowledge economy

Demographic transition is a demographic phenomenon that is characterized by changes in the population indicator of fertility and mortality from a high numbers towards a stable lower numbers. This phenomenon in the study of development is one of the alternative points of view to explain the development process, in addition to any other point of view that tends to emphasize the economic aspects, such as capitalism, industrialization, and the theory of modernity as the center of development process…

As an international company, Honeywell encounters some benefits and challenges of globalization. Two key benefits and two challenges will be concerned. As for benefits, Honeywell can enjoy the scale economies. By producing a large manufacturing volume, it can minimize the average cost of each unit of production. Since Honeywell is a conglomerate company that produces a variety of commercial and consumer products, engineering services, and aerospace systems for a wide variety of customers, from…

Friedman argues that, “the great achievement of capitalism,” unlike what its critics claim, has not been “accumulation of property” but instead “the opportunities it has offered to men and women to extend and develop and improve their capacities” (Friedman, 2002: 169). Neoliberal advocates at the World Bank who draw from Friedman’s promises of freedom of choice and progress, have developed a promising “all inclusive” Kurdistan Vision 2020. They too argue their vision is for the greater good of…

Tourism has been an important economy contribution to a country, it has developed rapidly over the past decade, and compare to the other service industries tourism is one of the largest industry. Tourism product such as culture and beautiful places has been an interesting attraction towards foreigners. By providing a lot of business opportunity, tourism industry can increase other local SME’s company revenue because of the opportunity that tourism industry created such as transportation, local…

development of a nation or a region with active participation by the people. The sole objective being removal of poverty, basic human needs should be made easily accessible such as clean drinking water, clean sanitation, and health services, access to knowledge of schooling and literacy thereby improving the living conditions of the masses. It is at this particular point of view that the present research felt the need for promoting eco-village tourism as a major alternative sector for economic…

Physical resources referes to the abundance, quality, accessibility, and cost of the nation’s land, water, mineral, or timber deposits, hydroelectric power sources, fishing grounds, and other physical traits. Knowledge resources refers to the accumulated scientific, technical, and market knowledge in a nation in the…

Abstract LEADER, part of European Agriculture Fund for Rural Development (EAFRD), is one of the most important mechanisms in South Tyrol to boost regional economy. The programme is based on bottom-up approach and is carried out by the local action groups (LAGs), which represent a form of public-private partnerships. Innovation is an integral element of LEADER programme but it is defined very loosely in the guidelines, with the intention to leave an interpretation to the local actors. In…

Introduction 1.1 Definition of Globalization Globalization refers to a shift towards a more integrated and hence resulted in an interdependent world economy. Globalization has several phases, including globalization of markets and the frontiers of production. As far as this change is concerned, globalization is a world-wide exchange of both international and natural resources, though not limited to other factors of economic, cultural or political issues. For example, as a pioneer of the ‘Otaku’…

Introduction There are two internationalization strategies which play an active role behind the development of small and medium sized enterprises (SMEs): exporting and foreign direct investment (FDI). They either act jointly or individually to affect the growth of such firms. FDI is more effective than exporting strategy for the growth of SMEs. A strategy which incorporates high rate of exporting with high FDI will have obviously higher rates of firm growth. Those firms who take up the…

the theory of value and time factor. Economics is the study of human action and how to manage the limited resources to fulfill unlimited wants of humans. It is also social science that analyses the choice for sharing limited resources. In economy, there are goods and services, production, consumption and so on. In real life, humans have many unlimited wants. Humans use goods and services to fulfill their unlimited wants. Using goods and services to fulfill unlimited wants is called…