Thousands of people lost their homes and many people were made orphan and widows. War brings hatred and spreads falsehood. The Vietnam War was a long, costly armed conflict that pitted the communist regime of North Vietnam also known as “Viet Cong” against South Vietnam and its ally The United States. During this period more than 3 million people including 58,000 Americans and more than 1.5 million Vietnamese civilians were killed in the Vietnam war. After some time, the anti-war protest began to increase which ultimately ended with the withdrawal of U.S. forces in 1973.
As the rapid growth rate of economic environment in current world market, economic globalization is affecting emerging countries economic development by increasing oversea business activities such as FDI, export-import, also the culture communication between different countries are interacting and influencing each other during diplomatic business activities. The globalization also simulates innovation and creativity in the emerging countries; it encourages the spirits of entrepreneurship and drives the emergence of innovative business models. China as one of the fastest growing countries in efficiency-driven economy system, where economic growths are based upon manufacturing in domestic markets, outsourcing, and exporting products to foreign
These people had “no permanent interest in their well-being” and returned to England after “forty-five or fifty-five years of age with large pensions (Doc. #2).” This shows the British government used India as a source of wealth and controlled the people without thinking of the repercussions of their actions, such as taxing Indians without giving them the ability to represent themselves. During the terrible famine of 1768, millions of Indians were dying of starvation, yet the British continued to raise taxes not taking into account that Indians “didn’t even have enough money for food, let alone taxes (Doc. 3).” In addition to this,
Why I think income inequality is increasing in the United States? In my Opinion, the reason of income inequality is increasing in the United States is Growing Market. The globalized markets in the US are break downs the boundary of smaller, local market and provides new platforms and new audience to trades. The US government allowed artisan, farmer, and manufacturer to open their products and services to the global economic. This meaning that the purveyors do not have to rely on small, local market makes a living and it mean that others around a global can have access for their goods.
Some economies have prospered greatly while others have lost. The growing exposure of the U.S. economy to international competition over the past two decades has brought some momentous changes affecting the American economy, society, and life styles (Clark & Montjoy, 2001). There are many positive effects of developing a global economy. One of these is the growing efficiency of markets. An efficient market is one that operates at equilibrium meaning the supply of goods is equal to the demand of goods.
The economic performance of a region can be analysed by two main theories: • The first is related with the Convergence of the regional economies, due to a tendency of the poorer countries to grow more rapidly than the developed countries (Sachs & Warner, 1995). • The second, Divergence, concern the process by which the old continent (Europe) and the U.S. are becoming the most powerful and wealthy world civilization of all time, eclipsing the most populous countries such as China, India (Jones, 1981). These theories, that explain the regional economic performance, can be linked to the two main schools of economic thought: Neo-classical Model Neoclassical regional development model explicitly allows the mobility of capital and labour. It means
The importance of FDI and trade openness was the notorious features trend toward globalization in recent years and has emerged as one of the talking points by the economist when explaining the growth of developing countries. As this two component is assumed to have a parallel relation, the positive trade openness contributes to nation growth by improving productivity and export capability. Trade openness also provides a greater efficiency, It is found that the countries with more openness relatively outperformed their economy than less opened countries because they indirectly promoting the FDI to their countries thus enjoying the benefits of
Hong et. al (2008) Added that by entering into trade liberalization agreements, exporting industries could increase their marketing expenditure to the exporting country as they had lower tax rates to pay. Fosu (1990) found that trade agreements enabled the home country to concentrate investment on the sectors that had a higher competitive advantage. Trade liberalization has is known to bring benefits to the financial sector as well. By increasing exports, a nation is able to accumulate additional foreign exchange (Kemal et al 2002), promote additional saving and investment (Todaro, 2000) which may lead to an additional growth of exports thus creating a virtuous cycle.
In line with the foregoing, Panitchpakdi (2006) viewed SMEs as a source of employment, competition, economic dynamism, innovation, which stimulate the entrepreneurial spirit and the diffusion of skills. Because they enjoy a wider geographical presence than big companies, SMEs also contribute to better income distribution. Thus, over the last few decades, the contribution of the SME sector in the development of the largest economies in the world has beamed the searchlight on their uniqueness; and this has succeeded in overruling previously held views that SMEs were only “miniature versions” of larger companies. Small and Medium Enterprises advocates, firstly; its endurance competition and entrepreneurship and hence have external benefits on