Discuss the impact of newly industrialized countries on the global economy. (10 marks) The rise of Newly Industrialised Countries (NICs) such as South Korea has greatly increased the international division of labour. During early development of NICs‚ TNCs from developed nations utilised the cheap workforce and outsourced their manufacturing into NICs. However the main Research and Development sector remains within the parent countries. This has great impact on the world economy as the NICs benefits
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Impact of Reduced Protection on the Global Economy Protection is essentially defined as any action by national governments that will give an artificial competitive advantage to domestic producers over foreign producers. The opposite of protection is free trade‚ which occurs when there are no limitations to the free movement of goods and services between different economies. The main reasons for nations to reduce protection is to increase efficiency and productivity levels‚ but in reducing protection
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1. Explain the role of technology and big business in the growing global economy of the 16th and 17th centuries. The technology and big business in the growing economy of the 16th and 17th century was booming‚ ships were being built differently to accommodate with their traveling needs‚ like the galleon. Trading companies collaborated in a variety of ways to expand seaborne commercial operations like the House of India which had control over the transoceanic trades like importing many spices and
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were important in spreading economic links of globalisation and helped the US to expand its global reach to more countries‚ hence increasing US strength and influence. The MNCs created globally-intergrated enterprises and brought skills and technology‚ FDIs and expertise to the rest of the world. It thus helped to industrialize economies and helped the world to progress together. USA role Dominant global power in political‚ economic‚ ideological aspects. Politically‚ it asserted political presence
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IMPACT OF MEDIA ON MODERN YOUTH * 3. Types of Media Print (newspapers‚ magazines‚ mail‚ etc.) Radio Television (cable‚ network‚ satellite‚ etc.) Film & Video Photography Electronic (Games‚ E-mail‚ the Web‚ etc.) * 4. Impact of Media On Children Television has the potential to generate both positive and negative effects. Television can be a powerful teacher . Public Television programs stimulate visits to the zoo‚ libraries‚ bookstores‚ museums and other active recreational settings
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Impacts of Media Technology on Teenagers Today we are living in a revolutionary world and within seconds‚ several bombardments of new inventions are happening around the globe‚ media technology being one of them. Media technology has changed our lives giving us the freedom to perform activities from the comfort of our homes. For example‚ it has made communication easier and quicker‚ a document now takes a few seconds to reach anywhere in the world compared to regular mail which takes several days
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Media plays an extensive role in an individual’s daily life. Right from the second you wake up till you go to bed after saying goodnight to your wife‚ kid‚ parents‚ siblings or friends‚ you are surrounded in a world built just for you by the media. With the advent of advanced technology‚ there has been a drastic shift from the telegraph‚ and then the radio‚ newspapers‚ magazines and now to the most widely used- the internet. Our daily activities depend heavily on the information that is provided
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South African Politics and Political Economy Module Title and Code: Risk and Scenario Studies SLP 420 Title of Assignment: What are the most important forces driving global change. How will these forces shape the political economy of the world by 2014 and which of these forces are most likely to affect South Africa and why? This essay seeks to identify what the most important forces driving global change are; how these forces will shape the political economy of the world by 2014 and which of these
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Social networking sites such as Facebook‚ Twitter‚ MySpace have become hugely popular over the last decade. In fact the popularity has quadrupled from 2005 to 2009. Social networking sites have generally expanded the number and diversity of people a person can interact with. Interpersonal relationships are no longer restricted to people in the neighborhood‚ church‚ mosque‚ school or workplace. Instead the pool of people someone has the opportunity to meet is almost endless. With any emerging technology
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The impact of globalization on the economy Globalization is one of the main features of modern society. Today it covers almost all spheres of human activity‚ and its influence becomes more and more obvious. To talk about the effects of globalization‚ it is necessary to understand its nature and the factors‚ sources‚ which led to its emergence. Today majority of scientists agree that economic globalization “is the increasing economic interdependence of national economies across the world through
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