Economic Development Essays


Globalization Essay

Globalization: Advantages, Disadvantages and Concerns This essay discusses globalization and how social commentators and historians act like globalization is a new concept, but it’s not. It’s something that has occurred between nations for as long as nations have interacted. According to the SUNY Levin institute, “Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development, and prosperity, and on human physical well-being in societies around the world (2018). Continue Reading...

Open Source Software

on Mining Software Repositories (pp. 277-286). IEEE Press. Lerner, J. (2013). The comingled code: Open source and economic development. MIT Press Books, 1. Maurer, Stephen & Scotchmer, Suzanne. (2006). Open Source Software: The New Intellectual Property Paradigm, NBER Working Paper 12148. Necas, D., & Klapetek, P. (2012). Gwyddion: an open-source software for SPM data analysis. Open Physics, 10(1), 181-188. Spinellis, D., & Giannikas, V. (2012). Organizational adoption of open source software. Journal of Systems and Software, 85(3), 666-682. Vetter, Greg R. (2004). The Collaborative Integrity of Open Source Software, Utah L. Rev. 563 Vetter, Greg R. (2009). Commercial Free and… Continue Reading...

Ending Terrorism in Africa

In the three regional organizations in Africa discussed here, it is important that these entities reaffirm their commitment in joining the war against crime and the fight against terrorist groups; which are an obstacle to the success of Africa's economies (Fulgence, 2015). There is a lot of work cut out for sub-Saharan African countries which are grappling with abject poverty. They have plenty of work to do to attain middle income status in their economies. The terms of economic cooperation vision would have been trained on food production to fight hunger among populations that are growing fast, reducing poverty levels… Continue Reading...

Sacagawea Discovery Of American Territories

that detailed the description of many important terrains which assisted in identifying the potentiality of the places for the economic development.   Method Event changed Sacagawea daily life The event has changed the daily life of Sacagawea because, After two or three centuries, Sacagawea has still been remembered for her contribution to the American history. Moreover, her presence dispelled the notion of the native American tribes that the explorers had come to conquered their land. Thus, Sacagawea is still being remembered for her contribution and become the feminist figure in the American history particularly in the Women's Suffrage Movements… Continue Reading...

Problems Unsolved and a Nation Divided

restore the competitiveness of the economy. Businesses must pay greater attention to training and development opportunities, compensation, public education, economic development, as well as community building. State and local governments must encourage cross-sector collaborations, develop workforce skills, revitalize local education, promote entrepreneurship, improve infrastructure, and craft regional economic strategic plans. At the federal level, there must be reforms in corporate taxation, immigration, international trade, communications and energy infrastructure, health care, and public education. Addressing these areas can significantly improve the business environment and the standards of the average citizen, thereby reversing the deteriorating competitiveness of the U.S. economy. Tax… Continue Reading...

Workplace and Gender Discrimination

.....social injustice and inequality. First, literature related to the fundamentals of discrimination and descriptions of gender discrimination are discussed in the literature. Following a detailed discussion of what the literature says about gender discrimination, the literature review shifts toward the quantifiable effects of gender discrimination in the workplace. Effects are examined both in terms of measurable effects on organizations and individuals. Fundamentals of Discrimination Discrimination is unfortunately pervasive in the workplace. Described as an "inaccurate perception of differences," discrimination can be based on independent variables like race, gender, language, and other demographics (Cleveland, Vescio & Barnes-Farrell, p. 149). The differences… Continue Reading...

Why My Future in the Energy Industry Is Bright

in North America," (Helman). Renewables will provide the solution for promoting growth and economic development while complying with emissions standards and the shifting demands of consumers. The growth in oil demand in developing countries has yet to be offset by the decreased demand for oil, and the notably decreased dependence on cars in Western Europe and North America (Helman). Furthermore, investors in a variety of industrial sectors are distancing themselves from energy companies that are not diversifying (Helman). Therefore, the energy industry does need to include in its diversification portfolios renewables that are profitable and pragmatic. Globally as well… Continue Reading...

An Indepth Analysis Of Diversity Management

diversity of teams collaborating to accomplish workplace tasks. Researchers reveal that invention is a source of economic development. In the business context, it entails transformation of any idea produced into a novel product, service or process, for achieving a competitive edge. In order to achieve such innovation, much rests on both combined capability and difference. Individuals who think alike will most probably be stuck with identical locally optimal resolutions irrespective of their acumen. One needs to think differently if one is to innovate, i.e., seek new and improved solutions (Kellough and Naff, 2004). Bringing a number of diverse approaches and… Continue Reading...

Gender Discrimination and Wage Differential

.....social injustice and inequality. First, literature related to the fundamentals of discrimination and descriptions of gender discrimination are discussed in the literature. Following a detailed discussion of what the literature says about gender discrimination, the literature review shifts toward the quantifiable effects of gender discrimination in the workplace. Effects are examined both in terms of measurable effects on organizations and individuals. Fundamentals of Discrimination Discrimination is unfortunately pervasive in the workplace. Described as an "inaccurate perception of differences," discrimination can be based on independent variables like race, gender, language, and other demographics (Cleveland, Vescio & Barnes-Farrell, p. 149). The differences… Continue Reading...

Vietnamese History Throughout the Centuries

was also brought to the villages. This was a time of great economic development, infrastructure improvements including dikes, agriculture, manufacturing (such as ceramics), and foreign trade The bureaucratic regime lasted only for 40 years, then the aristocrats start to rebel, leading to disruptions in trade, and weakening the government The Mac family of the Lower Red River Delta creates peace again. They also embolden the Confucian values, increasingly patriarchal social institutions. This period lasts all the way to the 16th century. In 1592, the Nguyen and Trinh clans drive out the Mac and restore the Le clan to throne, even… Continue Reading...

Economic Inequality and Austerity Motivator for Revolution

revolution and political violence. Muller, (1985) further asserts that "level of economic development has been found to be a stronger predictor of political violence." (p 47). The argument has been demonstrated with reference to the Iranian revolution between 1978 and 1979 where "The inequality hypothesis is also pertinent to the contemporary theoretical controversy between the relative deprivation and resource mobilization approaches to the explanation of collective political violence" (Muller, 1985 p 47). Although, lack of political representation may cause political upheaval in a country, however, the violence only last in the short run. The Hibbs model points out that… Continue Reading...

Capital Investments in Emerging Markets

this gives rise to an increase in production costs. The increase in the costs generates obstacles for economic development. Therefore, General Electric Company will find it quite challenging for planned capital investments owing to the ambiguity and doubt regarding price levels. In addition, hedge funds and financial leaders of the company might be hesitant in getting into longstanding contracts that could have possibly given rise to the development of General Electric (Investopedia, n.d). Inflation generates vagueness in the long-standing position of investment projects, which as a result could dissuade General Electric from undertaking investments in other expanses. Inflation could… Continue Reading...

Nigeria Boko Haram and African Terrorism

Nigeria has been geographically, culturally, and politically cut off from the seat of power and oil-based economic development in Nigeria. Systematically deprived of access to economic opportunities, the populations susceptible to radicalization have cause for tremendous grievances towards the Nigerian government. Therefore, the Nigerian government needs to shift away from militaristic responses that address only the surface issues and fail to account for the root causes of the problem. In addition to deprivation theory, gender theory sheds light on how Boko Haram propagates itself. Beyond a simplistic view of Boko Haram as an emblem of patriarchal power given the… Continue Reading...

Democracy or Not for Economic Development

groundwork for developing its economy. The evidence shows that there is a pathway to economic development, even for the least-developed country, and this paper will elaborate on what those steps might be. South Sudan is a landlocked country of 12.5 million people that split off from the Sudan in 2011. South Sudan is a multiethnic society, with different tribal groups living in the basin of the White Nile, which flows from Lake Victoria until it meets with the Blue Nile. The split of Sudan came after years of civil war. The north of Sudan was Muslim, the south Christian,… Continue Reading...

Global Comparisons in Workplace Discrimination

in the long haul, workplace discrimination can lead to poverty. This can lead to poor economic development for a society. How Workplace Discrimination is addressed One of the fundamental ways in which workplace discrimination is addressed is simply by acknowledging the extent and magnitude of the problem. The reality is that regardless of globalization and move towards embracing diversity and fair societies, there continues to be discriminatory attitudes and outlooks that still infect the workplace environment. It is simply through acknowledging that there is prejudice in the workplace setting globally that this particular problem can be resolved in sustainable… Continue Reading...

Global Warming in 21st Century

economies using the same fuels. If developing countries cannot achieve the level of economic development we have achieved, how do we expect them to cope with global warming? On the other hand, with the disastrous weather and climatic events that have already occurred, there is no doubt that we must significantly change how we power our economies if we are to reverse global warming. We cannot be talking of addressing climate change while at the same time burning more and more fossil fuels. The dilemma of paying for the price of global warming is further compounded by the fact… Continue Reading...

Kuwaiti Public and Private Sector Job Market

these labor immigrants were hired as contract workers despite their role in the country's economic development during this period. While the country later embarked on initiatives to hire more locals, the record oil price increase since 2003 made the government to resume hiring huge numbers of foreign workers. In 2012, non-Kuwaitis accounted for 69% of the country's total population, which implies that Kuwaitis are minorities in their own country and contributed to a demographic imbalance that has developed to become a major issue in the country. Based on the government's five-year development plan that was launched in 2009, the… Continue Reading...

The Black Wall Street

dealing with problems arising from institutionalized racism and segregation. Another key concept is economic development. Like economic growth, economic development shows the progress made by any group or population. The area that encompassed Greenwood Avenue in Tulsa was once a place with little in terms of businesses, schools, and established residences. However, after the black business owners and consumers built a self-sufficient, successful economy, the town experienced a growth in real estate development and consumerism. This is a positive sign of economic development. The last domain is personal finance economics. The two key concepts that can be applied to Black… Continue Reading...

Globalization Culture and Politics in Asia

dependent upon outside influences and forces on an economic level. As Lee and Lee note, economic development was slow for South Korea following the Korean War -- and the West helped out considerably in this department.[footnoteRef:5] [5: Choong Lee, Jennifer Lee, "South Korean corporate culture and its lessons for building corporate culture in China," The Journal of International Management Studies, vol. 9, no. 2 (2014), 33.] 5 With respect to the hat stand visible in the picture, all four senses link and can be said to be interdependent upon one another. First, culture, politics, economics and legality are intertwined… Continue Reading...

How Artists Drive Gentrification and Political Issues

shows how gentrification projects throughout New York City have successfully integrated social justice with economic development in public policy. Slater (2004) claims that in Canada anyway, evidence is not supporting the efficacy of the emancipatory perspective because of the more visible disparities between the high-end condominiums and low-end social housing within the same gentrified neighborhood. Artists play a role in mediating the competing needs for economic development and social justice. If fact, artists often recognize the ways economic development can promote social justice when it is properly managed. As Cole (1987) points out, artists can drive sustainable urban development… Continue Reading...

Theory Vs Practice Explained

EBSCOhost, viewed 3 May 2017. Phillips, PD 1996, 'Business retention and expansion: Theory and an example in practice', economic development Review, 14, 3, p. 19, Business Source Premier, EBSCOhost, viewed 3 May 2017. Pullins, E, Timonen, H, Kaski, T, & Holopainen, M 2017, 'An Investigation of the Theory Practice Gap in Professional Sales', Journal Of Marketing Theory & Practice, 25, 1, pp. 17-38, Business Source Premier, EBSCOhost, viewed 3 May 2017. Radovic, R 2013, 'Business Challenges and Design: Theory and Practice in the Furniture Industry in the Republic of Croatia', Business Systems Research, 4, 2, pp. 79-93, Business Source Premier,… Continue Reading...

Solid Waste Management

could cause even bigger problems later on with the economic development and rapid urban development several of them are experiencing (Wang, He, Kim, & Kamata, 2001). The mechanism in use in these developing nations which involves the gathering, processing and dumping of public solid waste hasn't really proved to be very effective. Its major setbacks include; poor and limited collection services, indecent and exposed collection and incineration of waste without proper mitigation on water and air pollution, the control of scavengers and unauthorized waste pickers and the associated development of flies and other dirty creatures (Bartone, 1995). A major… Continue Reading...

North Korean Missile Testing

If North Korea does not feel forced out of a chance at economic development, they may not be so inclined to risk war. What is needed now is effective diplomacy and a chance for the United States, China, and North Korea to discuss alternatives. The missile testing is a major concern for all parties involved and is making North Korea a potential agitator for a world war. Something must be done to avoid such an outcome. Works Cited Cumings, Bruce. The Korean War. Modern Library, 2011. Harrison, Selig S. Korean Endgame: A Strategy for Reunification and U. Princeton UP, 2009. McCurry, Justin. "Why… Continue Reading...

Greece Economic Problems Analysis

of the EU, but has also received several bailouts in recent years, and struggles with tax collection, and overall economic development. Tax evasion ranges between 6-9% of total GDP in Greece, which makes it a significant economic problem (Georgakopoulos, 2016). Recent Macroeconomic Data In recent years, Greece's economy has flatlined. The country has received several infusions of capital from other EU countries, but there is a lack of confidence in Greece that is hampered investment at present. The GDP grew 0.4% in 2014, slipped 0.2% in 2015, and was flat in 2016. The country ranks 191st in real GDP… Continue Reading...

Economy and U.s. Health Care

about employment and GDP declines and a growth in inflation. Greater national expenditure adversely impacts economic development, to a considerable extent. Rise in workforce health insurance premiums has deterred investors from investing in the US and led them to turn their attention to Canada and other such economies having appreciably lower employer premium burdens. In sectors like the automotive sector, employee insurance at the time of manufacturing an automobile stands at 1,300 dollars, which is costlier as compared to the steel that forms the automobile’s body. This sort of huge premium decreases companies’ earnings following taxes and the overall income… Continue Reading...

Organizational Culture and National Culture Of Automakers Comparison

American model. This is one of the biggest reasons why some countries have lagged behind others in economic development. An environment with fewer barriers allows people to innovate at the pace dictated by the market, and to take more risks. By removing barriers, people are freed to thrive at a higher level. That said, there are certainly other factors, such as resource wealth, market size and proximity to markets. A small island nation like Tonga will never grow rich selling coconuts; it's far from markets, has no domestic market to support business, and even the most capitalist regime would not… Continue Reading...

The Tourism Industry in Mexico

Mexico provides a window into understanding U.S.-Mexico relations. By promoting tourism as a path to economic development, Mexico shows that it is still dependent on the U.S. This is the same U.S. that fought a war with Mexico, took land from Mexico (the southwest region of America), and still continues to treat Mexico with condescension (threats of building a wall, calling all immigrants rapists and murders, and knocking down the culture of Mexicans). Yet, Mexicans should think that relying on Americans for tourism is a good thing? Instead of relying on the tourism industry for economic development, Mexico should… Continue Reading...

The U.s Economy and Health Care

and economic sectors. Analysts, for instance, observe that healthcare expenditure hinders economic development in general but has the potential to promote economic prosperity and development in particular economic segments as well (Sood, Ghosh & Escarse, 2007). Comprehending these impacts of healthcare expenditure necessitates evaluation of these elements. The CBO notes that federal health care program spending is increasingly rapidly, and with that comes the need to fund that spending. It notes that the Affordable Care Act has served to reduce the cost burden of health care on the economy, in particular on consumers, but only by means of slowing… Continue Reading...

Oil Crises Term in West Africa

West Africa position a great deal of focus on monetary policy to expediate an arranged and methodical process on economic development (Mudida, 2003). Monetary policies have major implications on economies in West Africa during periods of oil crises. It is imperative to note that most of the oil producing nations in West Africa lack a great deal of diversity and as a result have businesses that are significantly reliant on imports to supply inputs for manufacturing so as to satisfy consumer demand. Nonetheless, with the deterioration in oil revenues generated following in the deterioration in crude prices and declining… Continue Reading...

Steps Of Economic Growth in Usa China and Germany

products that have a relative benefit in manufacturing (Wolak, 2011). This paper offers an evaluation of economic development methods and both, relative and absolute, benefit in global trade as it pertains to the USA, China as well as Germany. USA By having a great quantity of low-priced work crews compared to the United States, it is no wonder that China as well as other developing nations, around the world, focus on the creation of labor-intensive items. For equivalent motives, the US may focus on the creation of products which are not only human but also physical-capital intensive due to… Continue Reading...

Environmentalism and Some Positive and Negative Trends

are also causing potentially irreversible harm. Adebobola (n.d.) notes that industrial and economic development have been allowed to proceed unfettered for a century, and only now are people realizing that unless changes are made to environmental policy, humanity will endure collective tragedies. The author points out that environmental problems are not just about climate change and impacts like natural disasters, but about national security too. Wars could easily be fought over access to water. Natural disasters or droughts could lead to mass migration and environmental refugee crises. The global scale of environmental degradation aside, pollution at the local level… Continue Reading...

Apple Expansion into Myanmar

for the market is likely fairly high. The ceiling, given economic development, might be around the level where Vietnam or Thailand are – numbers in the low millions. Work Force One of the major areas of concern for Apple is probably the nature of the Burmese workforce. Education rates are quite low. Literacy is only at around 75% and the average Burmese only spends 8 years in school (CIA World Factbook, 2018). The fact that 44.6% of the country is under the age of 24 (CIA World Factbook, 2018) is reason for optimism. This generation still has a chance… Continue Reading...

India Government and Economics

is believed to be essential for ensuring India’s stability as it grows, to sustain economic development (Tyagi, 2006). India’s military also serves a politically strategic function in India’s regional leverage vis-a-vis Pakitstan and China. Political Issues Affecting Business Corruption in government is by far the biggest issue affecting business. However, a relatively restrictive trade regime and regulatory environment persist in spite of the progress being made over the past few decades (European Commission, 2018). Modi’s reforms have helped to increase foreign direct investment, which continues to flow to India. Human Rights Although India does have a liberal media and… Continue Reading...

Seattle Homelessness Action Plan

would be appropriate to conduct some background checks. The creation of the Office of economic development (OED) was key towards the enhancement of workforce development. In essence, this provided Mayor Norman Rice with the appropriate foundation to power through his social equity objectives. Together with the Seattle Jobs Initiative (SJI), many of those who lacked adequate incomes were able to access living-wage placements and postings. It is, however, important to note that the social equity agenda of Seattle was challenged by larger regional trends whereby the resulting economic growth ended up edging the living costs higher. Housing costs were… Continue Reading...