Denmark is the 39th largest economy of the World. Due to the being one of the strongest economies of Europe, Denmark has mixed economy which made up of mostly related on human resources, oil and gas wells on North Sea and agricultural goods production. The GDP of Denmark is 60,268 USD per capita and the amount of people living is 5.7 million people. For analyzing the connection between Denmark and its biggest trade partners, we apply the Gravity model. The formula of Gravity Model is Fij=G*Mi*Mj/Dij Where, Fij is the volume of trade between two countries, G is gravitational constant, MiMj is economic masses of countries, Dij is the distance between countries i and j.
In this paper, I will discuss the ideological influences of fascism, a major political doctrine that gave rise to totalitarian dictatorships throughout the world from the early- to mid-20th century. This paper’s discussion of fascism will be limited to Italian Fascism (hereafter, “Fascism”), the original and perhaps definitive form of fascism, during and between the World Wars. Italian Fascism arose from and was defined by its opposition to other political doctrines, particularly liberalism and socialism. Thus, Fascism was not as much an independent political ideology as it was anti-liberalism and anti-communism. At the same time, however, Fascism shared key characteristics in common with the ideologies it claimed to oppose.
2.2. Neoclassical Trade theory This is also known as Comparative Advantage. (David Ricardo1817) stated that even if one country has an absolute advantage in producing two products over another country, trading with that other country will still yield more output for both countries than if the more efficient
RESPONSE PAPER ON ALEXANDER GERSCHENKRON ECONOMIC BACKWARDNESS IN HISTORICAL PERSPECTIVE Response paper ALEXANDER GERSCHENKRON, ECONOMIC BACKWARDNESS IN HISTORICAL PERSPECTIVE Introduction Gerschenkron in the Economic Backwardness in Historical Perspective which focused on how relatively backward economies lagged the economic basics for industrialization. And set out the " Elements of backwardness" and "The States and The Banks; Social Attitudes, Entrepreneurship, and Economic Development", and summarized in "The Approach to European Industrialization”. Central idea of Gerschenkron The central idea of Gerschenkron is encouraging industrial growth. State intervention should compensate for the inadequate supplies of capital, labor, entrepreneurship and technological capacity lead to modernization. “… in terms of labor as against capital goods and of the resulting difficulty in substituting scarce capital for abundant labor.
In 2009, Chrysler and Fiat decided to merge together to synergize their respective field of expertise (Marrs, 2009). (Nilofur Abbasi, Iqra Wajid Zahra, and Iqbal Fareeha Zafar, 2014, p. ) Cultural Difference & Problem Graph 3 Source: Hofstede Insight, 2017 United States and Italy have substantial gap between each index. First difference in uncertainty avoidance. Italians detest unambiguity. So, they plan for everything.
The Italian “neorealist” movement began at the end of World War II and the films typically dealt with the working class, used non-professional actors, and were shot on location. The films attempted to describe the difficult economic and moral conditions of postwar Italy and the changes in public mentality in everyday life. After the Italian neorealist wave ended, the French New Wave began in the late 1950s. The French New Wave directors gave birth to the auteur theory, which held that the director is the “author” of his movies, with a personal signature visible from film to film. They were reacting against the “tradition of quality” of cinema in France, or the mainstream French films.
Low economic growth rates, obsolete technology, low levels of capital, high rates of unemployment and poor standards of living are the characteristics of developing countries, according to UNCTAD (2008). From the above research it is evident that multinationals will experience advantageous and disadvantageous environments when setting up in developing countries. The rise of capitalism during the 19th century in Europe facilitated multinational foreign direct investment into developing economies from organisations primarily controlled from France, Germany, Britain and Holland, (United Nations Conference on Trade and Development, 2008). Dunning 's eclectic paradigm, Rugman (2010) states that multinational enterprises must conform to three prerequisites for their existence. Firstly, host countries must offer certain location-specific advantages to entice multinational enterprises to invest there.
• GDP is thought to be the broadest indicator of economic output and growth and offers a better evaluation or measure of economy activity through its changes and growth rate in an economy than any other current measure. Summarizing a vast amount of economic information and establishes the comparative strengths and weaknesses of various sectors within an economy. • Real GDP also takes inflation into account which allows for comparisons against other historical time periods. • GDP is extremely helpful information to economist studies in comparing countries because it is regularly used in different parts of the world. • GDP of course also allows analysts and policy makers to alter, regulate and implement economic policy as they see fit.
ECONOMIC SYSTEM Economic system is referred to as the analysing of the economy, looking at the causes and consequences of a certain institution differing and also looking at developed, developing, emerging and transition economies, as well as what they are willing to do and the proposals for their reforms. (Retrieved from http:www.journals.elsevier/economics-systems) There are four main types of economic system that exist globally, which is mixed economy, command economy, market system and traditional economy. These economic systems are commonly used around the world. Mixed economic system Mixed economic system is an economic system that has characteristics of capitalism and socialism. In the mixed economic system, private businesses