...CASE STUDY Executive Summary: Based on the research carried out, the benefits of investing in Armenia exceed the risks associated with the Armenian economy and as a result I would recommend our company to set up a business in Armenia. The Armenian economy is growing at a fast rate due to its political stability, free-economic zones, trade agreements with key partners, and an abundance of natural resources. Gross domestic product and foreign direct investment are increasing at fast rates and this has led to recent improvements in social and human development in the country. This will also improve skilled workforce in the country in the near future. Armenia is getting involved with the leading countries in the world which is impacting Armenia to increase its capacity to gain a competitive advantage in the global economy (Global Edge, 2014). Country description: Armenia was ranked first among CIS (Commonwealth of Independent State) and CEE (Central and Eastern Europe) countries in GDP per-capita growth rates from 2000 to 2008. Growth slowed at the end of 2008, and actually declined in 2009, primarily due to the effects of the global economic crisis. But in 2010-2011, the economy experienced renewed growth. After the upturn in economic activity in 2011, the economy slightly slowed in 2012, limited by less favourable external conditions (Global Egde, 2014). Armenia is very...
Words: 1658 - Pages: 7
...is growth on a global scale. A more common example of globalization is the fast food industry; sweeping across our nation especially, fast food, which has quickly become one of the richest corporations in the world. From first-hand experience, one can prove that through the years eating out, or eating on the go, has become far more common amongst American citizens as well as those in neighboring countries. The strength of need, or global demand for a product or service plays a major role in its global distribution. There is no exact date when globalization was said to have started but most studies claim it started around the 19th century. Although there is no set date, the history of globalization can be broken down into three waves or periods. The first wave began in 1870 and ended at the beginning of World War 1 in 1914. It was characterized by a decrease in trade barriers and an advancement in transportation technologies. This resulted in a major migration of about 10% of the world’s population. The second wave occurred from 1950 to 1980 during which multiple trade agreements occurred between developed nations, which left out the developing world. One of these agreements was the European Free Trade Association, which opened up free trade among the countries in Europe. The third and current wave began in 1980 and unlike the second wave this wave was characterized by the willingness of developed nations to remove the trade barriers in order to attract foreign capital. One of...
Words: 1690 - Pages: 7
...Globalization is the buzzword in the contemporary world. Broadly speaking, the term ‘globalization’ means integration of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, finance and people. Cross border integration can have several dimensions – cultural, social, political and economic. In fact, cultural and social integration even more than economic integration. The focus of this paper is to study the impact of globalization on economic, social and cultural fabric of India. Globalization has made countries to realize that nations can no longer be cocooned in their own cultural or economic nests but invariably be part of the larger picture which takes into account the competencies, interests and the dependencies of economies world -wide. The zeal of globalization has even forced Governments to be tuned to the merits of a Global economy. In Economics we have views on pro-globalization by Jagdish Bhagwati etc. who build on the economic notion that free trade helps everybody and lift the poor out of poverty, while we have the anti-globalization views by the likes of Vandana Shiva, Arundhati Roy, etc.,who see globalization as a way for multinational corporationss and multilateral institutions (World Bank, IMF) to change the rules all over the world to ensure better markets for the rich countries. India opened up its economy in the early nineties following a major crisis of foreign exchange crunch that dragged the economy...
Words: 2284 - Pages: 10
...Progressivism was a time period where there was emphasis on improving working conditions, improving the way of life, exposing corruption, and expanding democracy. The excerpts from Fast Food Nation and The Jungle outline the citizens who demanded a change in numerous areas such as business, labor, economy, consumers, and an increase of democracy. The Jungle’s main goal is to allure and impel the audience to endorse socialism. Throughout the excerpt Sinclair makes efforts to discredit the capitalist political system and display how a socialist political system would restore humanity to the abused working class. Schlosser’s main goal was to inform the people about how these major plants have no economic incentive to spend extra money to make the work environment safe. He implies that it should be the role of government to force the plants to set up adequate safety regulations....
Words: 541 - Pages: 3
...such as Mexico, China, United Arab Emirates and Israel, have distinctive arrogances, views, principles, customs and philosophies that are contrarily from the United States. Nations such as UAE are mostly Islamic which have stringent religious views toward ingesting products such as pork. It is considered as being unclean, other religions, such as Buddhism which is practiced in China grimace at beef because they also consider it to be unclean. The ingesting of pork is forbidden by the Judaism faith in Israel thus such sacred beliefs would impede the development of a franchise in these nations. Mexico, has several ethnic issues that could increase the substantial use of American fast food such as the total rise in economic wages, varying tendencies with respects to mothers returning to the workforce as well. Also with the average being below 30, as stated by the Canadian Market gauge report of 2011, we are dealing with a younger generation, more youthful customers which is great for a fast-food business. Being that mothers are working, as a result there is no time to prepare a customary meal. The lessening of the size of the family and the increase of income within the family has them with an excess amount of cash to spend expeditiously. (Canada Agriculture and Agri-Food Canada, 2011). Social actions typically vary considerably in every...
Words: 1237 - Pages: 5
...Are food manufacturers killing us? From the facts that I have learned I think they are. They have been putting many harmful things in our foods that many people do not know about. Foods today are beginning to cause significant problems such as obesity and diseases. This is beginning to escalate past health problems and is beginning to affect certain costs. Also, it doesn’t seem like the government or anyone is doing much about this problem. Many people argue that it’s not the food industry’s fault and that it’s the people’s fault for eating the way they do, but I think I will make some valid points as to why it is the food industry’s fault. Throughout my life I always thought that eating food that was purchased at a grocery store was the safest and healthiest way to eat. From what I have learned now, eating certain foods from a grocery store or supermarket can sometimes be almost as bad as eating fast food. This is due to the food industry doing strange modifications and putting strange ingredients into our foods. According to an article titled “Is the Food Industry killing us“ . . . “Due to the rise of mass production and consumerism in the 20th century which accelerated after World War II more and more food is now manufactured using increasingly efficient processes to make it quicker to prepare, better tasting, higher in energy content and cheaper.”(Lavelle) This also makes the food much more unhealthy than it should be. The food industry only cares about its...
Words: 1504 - Pages: 7
...A PROJECT REPORT ON IMAGINING INDIA SUBMITTED TO : SUBMITTED BY: PROF. SONIA SINGH JAVED AKHTAR- 66 IMS GHAZIABAD KRISHAN KANT- 73 MRITUNJAY MISHRA- 84 NIMISH KAPOOR- 92 PAWAN SINGH- 102 PRATEEK SANADHYA- 110 RAJAN TIWARI- 118 [pic] IMS GHAZIABAD LAL QUAN, GHAZIABAD UTTAR PRADESH ACKNOWLEDGEMENT: Any accomplishment requires the effort of many people and this work is no different. We would like to acknowledge and extend our heartfelt gratitude to the following persons who have made the completion of this project possible: First of all our professor Mrs. Sonia Singh for enlightening and guarding us in such a way that has resulted in motivating us for taking this type of volatile issue for our project report and for always encouraging us for taking new tasks and challenges. We are also thankful to those people...
Words: 11765 - Pages: 48
...Abstract The paper examines social and economic issues relating to the development of Third World countries. The emphasis is placed on five major challenges the underdeveloped and developing nations face on their way to economic growth and prosperity. The report discuses overpopulation problem and also questions the effectiveness of foreign aid. Moreover, it provides information on impact of information technology, as well as addresses the issue of lack of economic diversification. Finally, it explains causes and consequences of corruption on economic growth. Keywords: Third World, development, overpopulation, foreign aid, technology, diversification, corruption Table of Contents Abstract2 Introduction4 Brief history4 Classifications4 From Third World to First World6 Issues7 Population growth7 Foreign aid8 Information technology11 Economic diversification12 Corruption13 Conclusions16 References18 Economic Development of Third World Countries History The end of the World War II brought into being a number of new nations in Asia and Africa, which gained independence from colonial rule and were given a title of “Third World”. The term was created by French demographer Alfred Sauvy and was originally intended to distinguish newly emerged states from the Western industrialized nations and from those that formed the former Soviet bloc (Prachi, 2011). Today the designation is used to describe the developing countries of Africa, Asia and Latin America, generally characterized...
Words: 4827 - Pages: 20
...Extreme Poverty and Hunger- “The Silent Killers”: How the World Bank plans to eradicate them by 2015 Extreme poverty and food insecurity are some of the major global issues many countries worldwide have to face. Poverty leads to heavily indebted governments, hunger, poor education and lack of adequate medical care for the people. Although poverty “is a state for the majority of the world’s people and nations (Shah, “Causes of Poverty”)”, there is hope that “the increasing interconnectedness promised by globalization (Shah, “Causes of Poverty”)” will enforce successfully global policies and practices fighting the cruel reality which over 3 billion people have to try to survive in on less than $2.50 a day (Shah, “Causes of Poverty”). Depending on how a culture views the issue with poverty, the mechanisms against it are enforced accordingly. In the middle Ages, it was considered a virtue and a way for “the chosen ones” to display their good Christian values by feeding the hungry and giving clothes to the ones who do not have any. In addition, the misery which poverty brought to the people was not considered a problem but a widely accepted path towards one’s soul salvation. In Latin America poverty used to be accepted as destiny, a family’s inheritance passed on from generation to generation. Nobody can run away from it even if one improves their financial situation because there will always be somebody to make a comment such as:” I remember whenever you were poor and had nothing”...
Words: 935 - Pages: 4
...China UBurger is a fast-casual food chain that is committed to serving fresh high quality products to a discerning populace. They specialize in a selection of burgers topped with fresh produce and sauces with three choices of protein - beef, chicken, and vegetarian patties. In addition to their staple burgers, they also serve french fries and milkshakes. We would like to take UBurger to Shanghai, China to profit from the market for American fast food which has emerged in the industrialized country. UBurger is not the first to follow down this path; many others such as McDonald’s and YUM! Brands have done the same. We feel that these other brands have left an opportunity for a healthier line of food to strive. Given that UBurger does not have the same network of international support as these other brands, a joint-venture would be the best mode of entry to this new market. Real Kung Fu - China’s largest fast food restaurant - would become partners with UBurger in this new venture. As the UBurger Brand grows, we will open additional stores across the nation. Within three years, we will have opened a new location in Beijing and then spread out from there, eventually opening locations in the capitals of all of China’s provinces. UBurger serves signature burgers that are topped with a variety of fresh produce and sauces in its fast-casual food chain locations. The addition of and attention to this produce and these sauces creates separation from traditional fast food chains and increases...
Words: 8352 - Pages: 34
...Corruption Sanchit Avasti Roll no. 03 TYBMM Introduction of corruption What is Corruption? In philosophical, theological, or moral discussions, Corruption is spiritual or moral impurity or deviation from an ideal. In economy, Corruption is payment for services or material which the recipient is not due, under law. Corruption means the state of being bad and dishonest, especially in matters concerning money. It creates a very impact to the country's education, occupation, living style and mostly the humanity. Corruption affects all regions of the world and all levels of society, but the impact is greatest in developing countries. Every year, developing countries lose USD 50 million to 100 million through corrupt acts Corruption undermines political, social and economic stability and damages trust in institutions and authorities. It also fuels transnational crime. Terrorists and organized criminals are aided in their illegal activities by the complicity of corrupt public officials. Types of Corruption Corruption became a sway all over the world now-a-days. It can be categorized in three types. There are three broad classifications of corruption, which are however not mutually exclusive: Petty and Grand corruption: Petty Corruption: • Practiced on a smaller scale. Defined as the use of public office for private benefit in the course of delivering a pubic service. Usually involves relatively small amounts of money, including bribery (grease money or speed...
Words: 6265 - Pages: 26
...The role of NGOs in economics and politics NGO’s are non government organizations. They work for welfare of people without any greed of money or profit. · Politicians barely do anything for the country. NGO’s are there to fill those gaps. · They are well known as building blocks of the global community and as contributors to economic production, employment, institutional innovation, and technology. · They work for the people and enjoy support of a lot of people. They support people and work represents their voice. · In most cases NGO’s prove to handle issues much better than the government, however, they cannot replace the government. · Even today, unfortunately there many NGO’s that produce fake papers and work and take support from government. · If NGO’s can work for people’s interest without any intention of money and profit, they can be a better substitute of the government. China market - a threat to Indian market China has always been compared to India in terms of population and technological advancements. China undoubtedly has a humongous software market, but is definitely not a threat. · India has its own unique power and intelligence. · Indian IT companies have captured Asia and Japan as well. · India is becoming one of the world’s largest internet and mobile user’s country. · India’s mobile market is growing by leaps and bounds. · Most countries prefer employees from India rather than China because of communication barrier. English is spoken...
Words: 7196 - Pages: 29
...Final Exam: Hoffmaster Case Introduction: Hoffmaster, a privately held producer and seller of disposable tableware, has experienced numerous challenges since their founding in 1947, but has prevailed positioning itself as a leader in their industry. Through acquisitions and mergers with companies such as Innoware Paper, Hoffmaster has become a “market-leading designer, manufacturer, and supplier of premium disposable tableware to consumer retail and foodservice.” While touted as a market-leader and with recent expansion into the e-commerce realm, Hoffmaster recognizes that constant innovation is the key to staying ahead of their competitors. With an already saturated U.S. market, the question is “how does Hoffmaster grow from here?” Analysis From humble beginnings as a paper napkin manufacturer with four employees, Hoffmaster has grown to a leader in the disposable tableware industry with an estimated $900 million in revenue for 2013. Through horizontal integration involving a series of acquisitions and mergers, Hoffmaster has achieved relatively high level of related-product diversification within the disposable tableware industry with sales of napkins, plates, table covers, placemats, etc. With related products Hoffmaster was able to split into two functional divisions: Creative Converting Consumer Division which makes up 55% of total revenue and Hoffmaster Foodservice Division accounting for the remaining 45%. Both of these distribution channels are supplied...
Words: 1765 - Pages: 8
...and the business strategies to propose a plan that fits the company’s policy and purpose of internationalization. Our team would like to thank you for this opportunity and hope that we have clarified all areas of the proposal. We are grateful for this opportunity and anticipate to working with you in the future. We hope that this proposal will meet your approval. Yours sincerely, Sehr Ali Jafri Table of Contents 1. Executive Summary 3 2. Introduction 3 3. Methodology 3 4. Motives for Internationalisation 4 5. Malaysia Economy Profile 5 5.1 Malaysian Fast-food Business Environment 6 6. Taco Bell’s Global Strategy 6 6.1 Entry Mode 7 7. Conclusion 7 8. Recommendations 7 1. Executive Summary The purpose of this study is to critically analyse the investment opportunities prevalent in the Malaysian market by taking into consideration the significant macroeconomic factors, food industry trends, political environment and other socioeconomic trends that can affect business competitiveness. The idea is to take advantage of the growing Asian market as part of Taco Bell’s internationalisation. The report also presents a valuable insight towards the possible strategies that should be adopted towards expansion into new markets. The study of macro and micro levels recommend that Malaysia is...
Words: 3628 - Pages: 15
...brought the picture of hunger from Africa starving children’s, skin and bone with bloated bellies, too weak to even stand up. (Warnock p.1) whereas people living across the countries are enjoying different kinds of tasty meals and trashing the food they do not want or like. Africa is one of the poorest countries in the world. People are dying because of lack in basic human needs. The people in Africa cannot even afford the basic things as food and soap. The Gross Domestic Product projected in Africa is says to be less than two hundred dollars. Here 20 years later, the issue is still hunger in Africa and other undeveloped countries. According to Washington, March 16 (IPS) The world’s food security remains ‘vulnerable,” new data suggests with some 870 million people experiencing sustained hunger and two billion suffering from micronutrient deficiencies. The International Food Policy Research Institute (IFPRI) is unhappy with this figure, and warns that the program set-up to fix the problem is just a piecemeal solution. The IFPRI Global Food Policy Report for 2012 findings is disappointing. The report found that the proportion of people suffering from hunger is not on track, although some countries made promising, and important changes in food-related policies. Africa made several positive developments. One development is the transforming of agriculture into an even greater productive, and sustainable sector. Thanks to the many organizations that played a large role in International...
Words: 1828 - Pages: 8
