Economic Development in Developing Nations
The content of the 14th chapter in Todard and Smith's Economic Development details the effects of foreign aid on the economies and overall development of developing economies. The author's consider the results of such aid at both a macro and micro level by outlining general principles and identifying how they subsequently play out for individual countries (particularly those in Africa). The chapter begins with the authors (2012) denoting the various forms of foreign aid and the ways in which they flow in and out of developing countries. The most prominent of these is that associated with the presence of multinational companies (MNCs), although other forms of foreign aid involve public funds from other governments, a variety of stock options (portfolio investment), and even a contribution of the portion of earnings of individuals in a developing nation that have travelled abroad to earn money (p. 684-685).
The authors spend a fair amount of time denoting the way that multinational investment works. Typically, these countries are large ones with a global presence that are looking to maximize their investments (and global presence) in developing countries by establishing a subsidiary and there in exchange for certain benefits. The nature of those benefits is best detailed in the section of the chapter in which the authors examine the pros and cons of the presence of MNCs in developing nations. The pros are that they provide a source of revenue to the country...
Politics & Tourism The Impact of Politics on Tourism In 1989, Linda Richter emphasized the largely unrecognized role tourism plays on the world's political stage. Some of the examples mentioned to support her argument were the U.S. boycott of the 1980 Moscow Olympics in the aftermath of the Soviet invasion of Afganistan and the banning of Aeroflot flights over U.S. territory following the downing of a commercial Korean airliner over Soviet territory
Economic Globalization a positive trend? In order to fully understand the complexities of economic globalization, one must first sufficiently define the term in regards to how it is viewed in today's world. Thomas L. Friedman defines globalization as a system or a paradigm, "an approximate set of rules by which to conduct life," yet he also points out that globalization itself presently serves as a replacement for the old system begun and
Origins of the Modern World The old biological regime describes the way people made their livelihoods and achieved their status through their interactions with the land. In the 1400s, the global population was about 350 million people, 80% of whom were peasants. Consider that that figure represents about six percent of the current global population of about 6 billion people. In the years between 1400 and 1800, the population doubled, reaching
Economic growth between U.S. And China The ascend of China from a deprived, moribund state to a most important financial supremacy within an instant period of merely 28 years is frequently depicted by psychoanalysts as one of the most monetary triumph narratives in contemporary era. Taking into account the recent years economic growth China has managed to comfortably join the top bands as one of the leading economies in the world.
This "crippled operations" not only in local businesses but in companies located in the most affected regions that supplied materials for manufacturing. In other words, Japan suffered from a shutdown of many companies that provided certain parts for cars and electronics. For example, the area that was slammed by the tsunami was a "supplier hub" where companies like Hitachi produced special parts -- including a "…$2 sensor that is
Origins, History of the IMF The International Monetary Fund was first conceived between July 1-22, 1944, at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire. The conference was attended by representatives of 45 nations, which were called together in order to plan and lay the groundwork for a cooperative economic framework to solve global financial crises before they occur. One key reason for the conference was to
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