Placing countries together in the same grouping, Business Economics

Assignment Help:

What is the main danger in placing countries together in the same grouping?

It is useful to classify countries by groupings for identification of common problems and policy purposes. The danger lies in stereotyping and making generalisation that are an over simplification of complex reality.

• All countries are different while countries may share similar characteristics each is unique in terms of: resource endowment; geography, climate, culture and colonial experience

• Within a country regions are different and can be at different levels of development.


Related Discussions:- Placing countries together in the same grouping

Assignment, #question.During the 1990s, technological advance reduced the c...

#question.During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in t

Procurement and delivery strategies, The Scenario You have just been app...

The Scenario You have just been appointed as the procurement consultant for a large multinational with operations based in Brisbane. Your superior, the Chief Financial Officer (

How could quality culture behaviours be applied in hospital, How could the ...

How could the quality culture behaviours be applied in a hospital? The total quality management approach and culture are extremely readily applied to a hospital. Usually, peopl

Money and banking, First, explain the concepts of income, wealth and money ...

First, explain the concepts of income, wealth and money and show how each is related to the other. Next, explain the concept of the monetary base and indicate its economic signific

Survey of economics, in the banking systems, when clearing checks, the diff...

in the banking systems, when clearing checks, the difference between the Federal Reserve''s credits and debits is the

Why is AIDs a major economic problem, Why is AIDs a major economic problem?...

Why is AIDs a major economic problem? AIDs are a tragedy which is affecting the structure and size of population. There AIDs is widespread in between the economically active th

Business assignment, Ask question #. Explain why under fixed exchange rates...

Ask question #. Explain why under fixed exchange rates the monetary policy is not effective#

Development through trade - lower income countries, Development Strategies ...

Development Strategies are explained as follows: Keeping the reasons for the persistent poverty in the LICs aside, there are three broad progress strategies which have been ado

American national standards institute - ansi, An organization that manages ...

An organization that manages the creation and dissemination of rules and standards in approximately every U.S. business division. ANSI is also keenly involved in the accreditation

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd