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What is the failure effectiveness of multi-national companies (transnationals) in the promotion of development?
TNC FDI failure into hindering development:
• TNCs are accused of importing unsuitable technology.
• Conflict of stakeholder goals: TNCs maximise earnings, not workers society environment requirements
• TNCs shift funds to tax havens to decrease reported profits.
NGOs estimate transnationals ignore paying an evaluated $50Bn taxes yearly. Lost tax revenues mean less developed countries are less able to fund public and merit goods
• TNCs are effectively and powerful lobby governments and WTO than international trade legislation favours their interests.
What are the reasons for globalisation? Globalisation is the result of: • Enhancements in communications and transport, • Elimination of trade limits and exchange contro
What is import substitution? Import substitution: It is a government industrialisation policy for development by replacing imports along with domestic production. St
Explain foreign direct investment: 1. Identify and briefly explain three costs of foreign direct investment (FDI) for a country such as China (the home country) and two benef
Problem 1: (a) In what specific ways does Becker's model of the allocation of time differ from the simple work-leisure choice model? (b) Compare and contrast the functioning
Why are state approaches occasionally considered as unsuitable for promoting development? Liberal economists’ argument government intervention really thwarts development. G
describe production function for computers
Question 1: What are the main predictions of the Capital Asset Pricing Model (CAPM)? Discuss the role and significance of the assumptions needed to obtain the predictions.
Define advocates of the International Monetary Fund argue. Advocates of the International Monetary Fund (IMF) argue • Competitive devaluations were a characteristic of the i
New trade theory
Case study CORN is now struggling to keep up with demand. With corn supplies the tightest they have been since the mid-1990s, prices have risen substantially and are holding a
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