Marx, through his communist manifesto, believed that “modern industry has converted the little workshop of the patriarchal master into the great factory of the industrial capitalist”, taking society from one epoch of social stratification and forced labour to Capitalism, under which the inequality between the Bourgeoisie and the Proletariat grew and became more evident. On the other hand, Durkheim saw industrialisation as a mainly positive occurrence which, along with the division of labour, provided the necessary institutions are in place to maintain it, as it causes society to change and develop and thus “civilization develops because it cannot fail to develop” (Durkheim: 1933: 337). Yet despite differences in their views of the effect, both Marx and Durkheim used the process of industrialisation to explain how society progresses and how society is held together or broken, with Durkheim, in particular, looking at just how much the structure of society changes as the division of labour progresses (Morrison:
Introduction What are modernisation theories? Wilbert E. Moore defines modernization as ‘total transition of traditional society or pre-modern society into the types of technology and associated social organization that characterize the advanced, economically prosperous and relatively politically stable states of the Western world”. Modernization theory is therefore a description and explanation or a conceptual framework that articulated a common set of assumptions about the nature of developed societies and their ability to transform a world perceived as both materially and culturally deficient. The theory explains how the society changes from a traditional society to a modern form, by striving towards a modern society of such as Europe and USA. The theories; popular in the1950s and 1960s holds that development takes a linear stage kind of progression.
It is depends on the existing firms and the “height” of barriers to entry that attributes of an industry’s structure. The threat of new entrants will affect by: Firstly, the economics of scale as “high” barriers to entry into the industry that can make the industry more attractive because of the existing firms can earn expect above normal profits. Secondly, the product differentiations that the existing firms have their own brand identification and customer loyalty that will lead to new entrants use more costs to start other industry and then reduce their potential return. Thirdly, cost advantages independent of scale mean that the existing firms have a whole range of cost advantages. There are proprietary technology, managerial know-how, favorable access to raw materials, and learning-curve cost advantages.
Kromco 's strategic disposition is a mixture between Ethnocentric and Regiocentric. Our recourse management and profit strategies tend to be more Ethnocentric, with our marketing focusing and using adaption of products for groupings of countries, and national responsiveness tending to be more Regiocentric. (Rugman, 2012, p.247) Various factors makes it necessary for Kromco to continuously search for, and develop new markets. Currently we are experiencing currency in-convertibility in developing markets, lower buying power in developed markets, and new political and economical sanctions that act as trade barriers for exports to existing markets. Important markets for Kromco currently affected by some or all of these factors are Nigeria, Angola and Russia.
The main target of an administrative reform is to produce improvement and advancement at a public sector, which is the society (Newman, 2002). In a similar manner, there might be some impacts which are negative in terms of economical growth. The developmental state theory does produce an increase in the economic growth, but its limitations can lead towards negative impacts such as inequality and social injustice (Park, 1979). Literature Review Adrian Left which has mentioned that the factor of developmental states that separates them from others, this specific characteristic is that their political aim and their institutional structures, they are being developmentally managed, and relatively their developmental objectives are being positioned and managed politically (Leftwich, 2000). Leftwhich further states and cites that the main purposes of these states,
So we see that foreign language communication is more important and plays a role in our society. I have divided my presentation into three parts; Increase your chances of getting a job, Multilingualism has a beneficial effect on the brain, and Multilingualism helps slow down aging. Increase your chances of getting a job. “Learning a foreign language is more than just a boost to your CV or handy for travelling. It will make you smarter, more decisive and even better at English.” as demonstrated by Merritt.
Modernization theory believes that capitalist or investments from developed countries are the solution towards the poverty. Therefore, the encouraged of capitalist will make these poor countries become an industrialization country. Industrialization are refer to the structural change that backward countries experience in their development process from an agriculture society to an industrial economy, with the profound changes in the society that this entails (Kuznets,1973). According to Timmer and Szirmai (2000), it is associated with higher productivity
Availability of multiple choices - Foreign trade helps in providing a better choice to the consumers. It helps in making available new varieties to consumers all over the world. 4. Raises standard of living of the people- Imports can facilitate standard of living of the people. This is because people can have a choice of new and better varieties of goods and services.
Economic dependence reflects a state’s vulnerability to interruption of trade by its trading partner. For a small power, this can be a decisive element in its alignment policy. Hirschman observed that “the power to interrupt commercial or financial relations...is the root cause of the...power position which a country acquires in countries, just as it is the root cause of dependence.” China’s growing international economic presence translates into political influence over its economic partners. The conventional wisdom among policymakers, economic actors, and scholars holds that the translation of economic power into political influence is virtually automatic: higher levels of bilateral economic relations should yield greater influence. Economic power can be measured in terms of bilateral economic relations (e.g.