The factors that explain the sustained growth in globalization in most decades. Discuss the indications that can be used to demonstrate the increasing globalization. Introduction We often hear the word globalization in many contexts and repeated frequently as a concept to denote more trade‚ foreign companies and even the ongoing economic crisis. Before we launch into a full-fledged review of the term and its various manifestations‚ it is important to consider what exactly we mean when we say globalization
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production? (a) Land (b) Labor (c) Capital (d) Natural resources [16 marks] 2. In an exogenous growth model‚ growth is caused by (a) capital accumulation. (b) government policies. (c) human capital accumulation. (d) forces that are not explained by the model itself. [16marks] 3. Suppose that two countries share identical levels of total factor productivity‚ identical labor force growth rates and identical savings rates. According to the Solow model (a) the country with the greater initial
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find out about the nature of the industry‚ its size and scale‚ and you will be introduced to the types of organisations that form its structure. In addition you will investigate the development of the industry and the factors which have affected the growth of travel and tourism. How you will be assessed This unit is assessed through an external assessment set by Edexcel. A variety of exercises and activities is provided in this unit to help you develop your understanding of the industry and prepare
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International Research Symposium in Service Management ISSN 1694-0938 The Impact of the Global Financial Crisis on the Mauritian Financial Services Sector Aleesha Mohamudally-Boolaky University of Technology‚ Mauritius La Tour Koenig‚ Pointe aux Sables E-mail: aboolaky@umail.utm.ac.mu Indranarain Ramlall University of Technology‚ Mauritius La Tour Koenig‚ Pointe aux Sables E-mail: ramindra0001@yahoo.co.uk Abstract Le Meridien Hotel‚ Mauritius‚ 24-27 August 2010 1 International
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Explain why there might be rapid economic growth in a country (10m) Economic growth measures the rate of change in the volume of output produced within the economy. It is a key indicator of the nation’s economic wellbeing. Rapid economic growth can be described as economic growth that occurs in a short period of time‚ or at a great speed. A country might experience rapid economic growth due to increases in aggregate demand which lead to actual growth‚ interest rates‚ exchange rates‚ as well as
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rapid growth. Within Mumbai there is a slum area‚ Dharavi which houses 600‚000 people in only one square mile land. This has come as a consequence of rural to urban migration; the rural people are attracted to the city by the “bright light syndrome” and the prospect of jobs and a better standard of living. Often TNCs invest in megacities within developing cities due to the cheap labour‚ but there are simply not enough jobs for all the people that rapidly move into the city. The rapid growth of the
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P3: Provide examples of organizations in the travel and tourism industry and explain their roles (P1) Outbound Travel and Tourism Organizations Outbound tourism‚ for example‚ is when a family of three from Bradford‚ travel to Greece‚ Rhodes for a relaxing‚ well-needed holiday. Travelling out of the UK‚ to another country‚ defines Outbound Tourism Tour Operator A tour operator is a company that plans out a holiday for a family Examples: • Thomas Cook • First Choice The role of
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What explains rapid economic growth in Europe‚ 1945-1973? After the Second World War ranging in the period of 1939-1945‚ countries involved were faced with large amounts of destroyed physical property‚ as well as numerous deaths of civilians and soldiers. However‚ the hardships of the previous years of war and depression were replaced by rising living standards and increased opportunities.(Bohanon‚ 2012) This is because countries could now grow rapidly simply by repairing wartime damage‚ rebuilding
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India’s Education Sector: Moving Toward a Digital Future The typical Indian classroom was once characterized by students sitting through hour-long teacher monologues. Now‚ technology is making life easier for both students and educators. Schools are increasingly adopting digital teaching solutions to engage with a generation of pupils well-versed with the likes of PlayStations and iPads‚ and trying to make the classroom environment more inclusive and participatory. Take Smartclass from Educomp
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AVALON Consulting Case Study CONFIDENTIAL 2010 © Avalon Consulting. All Rights Reserved A large CV manufacturer in India wanted Avalon Consulting to conceptualize and facilitate implementation of strategies to improve market share in their OEM branded spare parts business Situation Approach Solution Client Our client is a large Commercial Vehicles manufacturer in India and had a OEM branded spare parts business with a turnover of about USD 50 million before the engagement
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