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Illustrate some example of the development process affected on culture.
Examples of the development process affected on culture:
• Foreign Direct investment (FDI) and IMF structural reform package scan be considered as neo (near) colonialism since they including adopting a foreign business culture.
• In western ideas are accepted only when they do not contradict prevailing social structure and religious beliefs.
• Russia is struggling to put back the values of communism along with which of a free-market democracy and economy
• A culture of material consumption is acquiring ground in between the emerging middle classes of LDCs.
What are Rostowís policy implications? • LDCs (Less Developed Countries) require aid. The development procedure can stall at the Take Off stage for be short of savings. 15
QUESTION a) Differentiate between returns to factor and returns to scale. b) In the long-run the Average Cost Curve is u-shaped. Discuss c) Whenever a firm is making loss
Disadvantages of globalisation
Why are the terms of trade deteriorating for Less Developed Countries? Problem: The substantial decline within real commodity prices and the deterioration into the terms of
QUESTION (a) In several countries recently, many people have become unemployed. Analyse the different types of unemployment in an economy. (b) Define inflation and explain i
Explain how the economic theories applied in business economics
How does foreign debt management improve development? Borrowing is a policy to encourage growth like aid represents an injection of resources within the economy which enable
What are the import substitution policies? Import substitution policies are as follows: Need trade restrictions for example, tariffs and quotas to defend infant industr
Question 1: By using appropriate models critically analyse the following statement: "Money demand for speculative as well as transactional motive is inver
The problem with the above method crops up when we want to compare two or more dissimilar (different sized) projects. A mega project may yield a very large NPV sum, whereas a mini
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