First, he explains that the so-called “poverty trap” is not the cause of poor nations’ slow or nonexistent growth, despite the claims of foreign aid organizations. Easterly argues instead that bad governments and their interference with their economies may be the reason for many countries’ slow growth. To fix this problem, many aid organizations attempt to assist poor nations by restructuring their economic institutions from the top down. However, Easterly claims that these attempts have shown to be futile time and time again. He argues that this is because restructuring an entire economy from the top down is almost always bound to fail.
Malaysia’s brain drain is intensive, not necessarily because of too many are leaving the country but because the skills base is too narrow. This is aggravated by the lack of compensating inflows, since the skill profile of immigrant is Malaysia is geared to the low end. The intensity of the brain drain is mitigated by the fact that a substantial share of the skilled diaspora acquired their education overseas, lowering the fiscal costs for Malaysia but also making it less likely for them to return as they spent their many years abroad. To overcome the brain drain issue, Malaysia needs to understand and tackle the underlying determinants of brain drain. Individual respond to incentives and discentives, these are the push and pull factors that drive the migration decision.
The current economic paradigm in Indonesia has been set after the financial crisis 1997-1998 deeply hit the social, political and economic structures of the country. Indonesia was affected by the economic crisis, and consequently many people suffered from that. The IMF and the US stepped in to support the Indonesian economy. The IMF promise to help Indonesia only that it had to adjust its economy according to the Washington Consensus criteria . However the aid from IMF is not enough and economic condition were getting worse.
In that current situation, economic slowdown and huge inventory write-offs resulting from this lack of visibility have highlighted the need for a systematic way to predict and manage demand. Today the new technologies have introduced to the supply chain and it is help to extend supply chain visibility. Companies are looking outside sources within the enterprise, such as sales and promotions groups, to include customers in the demand management
CHAPTER I INTRODUCTION 1.1 Background When Indonesia got independent, their economic system was still a mess. Due to the sudden governmental system, they were not prepared to handle their economic system. Moreover, with some other countries still trying to take away their independence, Indonesia used to become a very poorly managed country. In addition, with the leadership of Suharto, the second president of Indonesia who was considered as the most corrupt leader, it had faced the greatest economic crisis for Indonesia in history. However, despite all that, Indonesia keep struggling and strive through all the challenges and obstacles.
The first problem was when Indonesia economic affected when oil prices fell, which cause them to introduce deregulation policy in order to restore back what they had lost and this policy brought positive impacts on the Indonesia’s economic by mid-1990s. Although this policy focus on economic matters, but it creates a different impacts on urban and rural development. This will happen if they only concentrate on economic development and did not focus on social and politic issue. Inefficient government also makes the policies worst as they only know to introduce the law, but they did not able to run it
The book by Regina has time constraint to which Thomas’ book is more modernize than hers. Connection to Other Academic Journals The Genius of the Poor is also about the financial illiteracy of the Filipino people. According to some financial experts, financial literacy is done by choice and not by chance. People in the stories tend to have made mistakes in the past and some are either unforgiveable or unfixable. So comes social enterprises that will give hope to the problematic social issue known as
From human resource management perspective the economic factor determines how people are recruited, trained and retained. Economic changes have negatively affected Ernst & Young’s human resource management policies and practices to the extent of adopting cost cutting approaches to recruitment, training and retention due to unavailability of disposable income. On recruitment the policy and practice focus is on recruiting internally, freezing or recruiting fresh university graduates who can be trained to do the job rather than recruiting experienced candidates who are expensive. Secondly, staff training and development, it is argued that “It is very difficult for an employee to perform well at the job place without any training” (Garavan,T 1997), however this aspect of human resources management is a targeted area for cost reduction. The current economic condition has adversely affected training policy negatively causing adjustment to staff training and development to focus on the on-the job training and minimizing external training due to costs that are related to external
So why they not warning at the beginning? These small business are very important for the country growth and development there are some factors that affect the small business such as lack of management skills, lake of financial support, lake of tanning, lake of infrastructure of the country, affect the small business, also the big reason small business fail is because the political activities also it was found that small business were closing down and reduced is because of tax charges, inequitable competition and inappropriate financing
CITY UNIVERSITY COLLEGE OF SCIENCE & TECHNOLOGY MASTER OF BUSINESS ADMINISTRATIVE RESEARCH PROPOSAL NAME: LIEW WEN MIN I/C NO: 880101-35-5088 TITLE: UNEMPLOYMENT IN MALAYSIA LECTURER’S NAME: DR SEGAR RAJA MANICKAM Chapter 1 Introduction In this contemporary world, unemployment is a common issue which facing by many developing country. When one country with high unemployment rate, this directly means that the country labour resources are not fully utilized. Basically, a country that is not fully utilizing its resources will not achieve their maximum output. Hence, full employment need to be considered as macroeconomic goals if a country wants to maximize its output. As compared to other developing country, Malaysia can be said