Globalization and the Good and the Bad Effect It Brings to the Economy and the Employment in Sri Lanka
Table of contents
Introduction ... 01
Economy & Employment In Sri Lanka ... 02
Sri Lanka National Statistics ... 05
Globalization & Sri Lanka ... 07
Singapore Economy ... 09
Singapore National Statistics ... 11
Impact on economy & employment In Sri Lanka ... 13
Introduction
This assignment is done on Globalization and the good and the bad effect it brings to the economy and the employment in Sri Lanka. Main Date Source used was Wikipedia to gain the data of GDP, GDP per capita rates, unemployment rate, import & export rates etc. Defining of the terms economy, employment in the formal sector and informal sector is done to give meaning to the assignment. The economy and its structural changes and the contribution to the economy and comparison with another country is done. The country that has been taken into consideration as the comparison is Singapore. The reasons to compare with Singapore is that it has high rate of GDP per capita, GDP, export & income rates etc and it is a world leader in several economic areas.
Economy & Employment in Sri Lanka
An Economy consists of the economic system of a country or other area; the labour, capital, and land resources; and the manufacturing, production, trade, distribution, and consumption of goods and services of that area.
A given economy is the result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions.
[Citation: Wikipedia]
Employment is a contract between two parties, one being the employer and the other being the employee. Employment opportunity comes directly from investment (including foreign direct investment and investment bank) to gain excessive profit in a Business plan in the capitalist economy.
[Citation:
Introduction ... 01
Economy & Employment In Sri Lanka ... 02
Sri Lanka National Statistics ... 05
Globalization & Sri Lanka ... 07
Singapore Economy ... 09
Singapore National Statistics ... 11
Impact on economy & employment In Sri Lanka ... 13
Introduction
This assignment is done on Globalization and the good and the bad effect it brings to the economy and the employment in Sri Lanka. Main Date Source used was Wikipedia to gain the data of GDP, GDP per capita rates, unemployment rate, import & export rates etc. Defining of the terms economy, employment in the formal sector and informal sector is done to give meaning to the assignment. The economy and its structural changes and the contribution to the economy and comparison with another country is done. The country that has been taken into consideration as the comparison is Singapore. The reasons to compare with Singapore is that it has high rate of GDP per capita, GDP, export & income rates etc and it is a world leader in several economic areas.
Economy & Employment in Sri Lanka
An Economy consists of the economic system of a country or other area; the labour, capital, and land resources; and the manufacturing, production, trade, distribution, and consumption of goods and services of that area.
A given economy is the result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions.
[Citation: Wikipedia]
Employment is a contract between two parties, one being the employer and the other being the employee. Employment opportunity comes directly from investment (including foreign direct investment and investment bank) to gain excessive profit in a Business plan in the capitalist economy.
[Citation: