Importance of Multinational Corporations The Multinational Corporations have been observed as the instrument of development in the developing states for example National Petroleum Construction Company NPPC has been awarded contract of laying transmission line in Kuwait. Following are the important advantages of MNCs. Globalization The first advantage of Multinational Corporations MNCs is that they work for the globalization and went to give global village shape to the whole world. For example
Premium Multinational corporation Globalization Corporation
Romania and 270 filling stations in Moldova‚ Bulgaria and Serbia. Short history: 1856: First production‚ in Ploiesti‚ of lamp oil to be used for street lightening 1999: Petrom signed an agreement with Universal Oil Products USA in view of the modernization of Arpechim and Petrobrazi subsidiaries. 2005: Petrom launches the first PetromV filling station 2006: Acquisition of 99.9% of the shares in OMV Romania‚ OMV Bulgaria and OMV Serbia; Acquired from MOL 30 filling stations and 95% stake in Aviation
Premium Romania Petroleum Serbia
Razak NEP was formulated. Public administration played very important role in social and economic development. Look East Policy and BCA the motto of public administrative. (Red Book) Rural development was the focus eg: FELDA & FELCRA. MAMPU Modernization and Manpower Planning Unit (1977) . Continued by Tun Hussain Onn (1976 – 1981) & & Tun Dr. Mahathir. Development Era The first Prime Minister Tunku Abdul Rahman established government of The Federation of Malaya and the formation of
Premium Malaysia Abdullah Ahmad Badawi Najib Tun Razak
Note here the persistence of a dual economy where the export sector contains small number of workers but draws technology as opposed to traditional sector where most people work and is dominated by inefficient technology * Development as Modernization- emphasizes process of social change which is required to produce economic advancement; examines changes in social‚ psychological and political processes; * How to develop wealth oriented behavior and values in individuals; profit seeking rather
Premium Economics Development Investment
politically‚ socially and culturally. Although globalization is often thought of in economic terms (i.e.‚ "the global marketplace")‚ this process has many social and political implications as well. Many in local communities associate globalization with modernization (i.e.‚ the transformation of "traditional" societies into "Western" industrialized ones). At the global level‚ globalization is thought of in terms of the challenges it poses to the role of governments in international affairs and the global economy
Free Globalization International trade World Trade Organization
What is development? It can be defined as a specific state of growth or advancement. Helen Norberg-Hodge would view it as a western way of life‚ which brings forth destruction of family values and a change in the traditional way of life as seen in her documentary Ancient Futures: Learning from Ladakh. Ladakh was an isolated Himalayan country which followed the Tibetan way of life. They had a sustainable traditional way of life‚ and didn’t depend on the western view that money was what made you
Premium Sociology Culture Western culture
this problem while also benefiting from it. The privatization of the petroleum sector in the 90’s saw great increases in oil production which allowed for modernization and foreign investment. However‚ when Putin was elected President in 2000‚ he saw petroleum as potential for state grow via new revenue. The new taxes stifled growth‚ modernization‚ and chased away foreign investors. Despite how it may appear that this was the completely wrong choice to make‚ this move has allowed Putin to stay in
Premium Petroleum Russia Petroleum industry
unpleasant smoky place with drunk and noisy people; with recklessly running trains through the village. A narrator essentially emphasizes such a huge difference between these two places that represent a diversity between the natural culture and modernization. Ignatich decides to stay in Matronya’s home. Even though it was a very old and needed repair house‚ he is persistent to live with her as they both treated each other equally. From first descriptions‚ we can notice that he sympathizes to her and
Premium Russia Russians
MA in Sociology Paper II Perspectives of Indian Society-I DIRECTORATE OF DISTANCE & CONTINUING EDUCATION UTKAL UNIVERSITY‚ Vani Vihar Bhubaneswar‚ India 1 UNIT-I INDOLOGICAL PERSPECTIVE 1.1. Indology: Meaning and Definition Indology is known as the science of Indian Society. The Indological perspective claims to understand Indian Society through the concepts‚ theories and frameworks that are closely associated with Indian Civilization. It made a claim that Indian Society is unique in structure
Premium Sociology Caste system in India Caste
SOCIOLOGY AND SOCIAL CHANGE "The air does not cease to have weight‚" writes Durkheim‚ "although we no longer feel that weight."(1) The point is‚ of course‚ how do we know that there is that thing called "air" out there if we do not feel its presence? What Durkheim was interested to show‚ indeed‚ was that those elements of reality that he came to call social facts(2) were out there‚ regardless of whether the individuals felt their presence or not. Actually‚ the individuals are almost never aware
Premium Sociology