Premium Essay

Trade Is the Only Way a Country Can Develop. to What Extent Do You Agree with This Statement

In: Social Issues

Submitted By jamiebenjamin11
Words 2340
Pages 10
Trade is the only way a country can develop. To what extent do you agree with this statement?

Trade involves the transfer of the ownership of goods or services from one person or entity to another in exchange for other goods or services or for money. Trade is seen by many as a way to promote economic and development, with the future aim of increasing the Human Development Index (HDI- composite statistic of life expectancy, education, and income, indices used to rank countries into four tiers of human development) and thus moving further along the development continuum. With expert leg-growth has been the main approach to development, trade may not be the only panacea for development. Other approaches to development such as aid and political avenues also have to be explored. However, the main process to development is industrialisation (manufactured goods create more income than raw materials/primary products) with this we see countries moving through the Clark Fisher model; moving from primary through to tertiary sectors. This increased revenue would promote wealth and improving living standards. In turn, this would make way for the 'trickling down' effect, the increased wealth means surplus money would be available for new industry to be established. Furthermore, this surplus of money may be reinvested into vital infrastructure and increasing the indices needed to value the HDI. Exploring and analysing approaches to development will form the basis of my conclusion.

Over the last three decades China has experienced a remarkable transformation, going from being a poor and largely agricultural economy to becoming the world’s industrial powerhouse. Much of China’s remarkable growth between 1978 and 2000 can be explained by the reform. China’s rise as a major global economy was boosted by its WTO membership in 2001 opened its economy through export led growth. By…...

Similar Documents

Premium Essay

To What Extent Do You Agree with the Statement That 'E-Business Is Much More Than a Strategic Initiative'?

...To what extent do you agree with the statement that 'e-business is much more than a strategic initiative'? I find particularly interesting Johnsons and Whang’s (2002, p. 413) statement that “nothing has rocked the young field of the supply chain management like the emergence of the Internet”. It indeed rocked, by lowering costs, minimizing the response time, creating new business models, improving logistics abilities and overall improving the service offered to the customer. Gribbins et al. (n.d.) analyzed in their paper how e-business impacted P & G, a major player in the consumer goods industry. From P & G’s e-business and internet “embrace” we can clearly see the impact and results this strategic initiative has on an organization. A few examples of what they have developed: 1. E-stores (e-commerce) platforms, where customers can do purchases online; this approach have brought the organization direct contact with the customer and a global reach and expansion; 2. Supply Chain Information Collection Initiatives which, by sharing effectively information, efficiency is increased, inventory management is kept under control, hence costs are reduced; 3. Transora online B2B procurement e-stores which reduces the customer’s ordering time and purchasing costs and provided a good flow of inventory management, which makes a close to perfection integrated supply chain for all parties involved; 4. Web-based knowledge data bases, to help reduce product development time by......

Words: 871 - Pages: 4

Free Essay

"The Long March Was a Retreat That Changed the Destiny of China" to What Extent Do You Agree with This Statement?

...“The Long March was a retreat that changed the destiny of China” To what extent do you agree with this statement? The Long March was an epic journey across China conducted by the Red army in 1934. After the breakdown of the first United Front, Chiang Kai Shek launched an offensive which forced a retreat from Mao and the Red army. This retreat is believed to have lasted for over a year and covered 6000 miles. By the end of the march, of the 80000 marchers who embarked on the journey, only 6000 made it to Yenan. It was a march rich with heroism and hardship. However to call the Long March a retreat that changed the destiny of china is controversial. The term 'destiny' can be interpreted in two different ways. It can be the outcome of the Long March influencing the civil war by 1949 or the world's perspective of China. According to many historians, such as Richard Cavendish, the Long March was a victorious march for Mao and the CCP. It made the survival of the imperiled CCP possible, gave Mao a secure grasp on its leadership and ultimately led to the creation of the People's Republic of China. “As a bulwark of Chinese pride and patriotism, skillfully exploited as such by Mao and his circle”. It is also sometimes believed that the Long March was a seeding machine, one that spread the Marxist ideology and manipulated the opinions of China and Mao across the globe. Before the epic journey began, the CCP was in a quagmire and the Nationalists seemed on the point of......

Words: 1146 - Pages: 5

Premium Essay

'the Hazards Presented by Volcanic and Seismic Events Have the Greatest Impact on the World’s Poorest People'. to What Extent Do You Agree with This View?’s poorest people'.  To what extent do you agree with this view? Firstly I believe that this statement is true but only to a partial extent. Hazards presented by tectonic activity can be managed and controlled so their impacts are lessened and even not felt. However such management involves planning, prediction and action, all of which may cost considerable amounts of money, unavailable to the poorest people. For example, ever since its primary eruption in 1968 Mount Etna has been constantly erupting every year. Though these eruptions are not always violent sometime volcanic bombs can be fired from the composite volcano and since its eruption in 1968 it has killed around 77 people, most of these unwitting tourists who did not take enough care. However due to the volcano being located in the fairly rich area of Sicily the impacts of its hazards have been managed and fairly efficiently. For example, explosives were first used to relocate the andesitic lava flows away from settlements, protecting people’s housing and property. More recently, Sicily has had the funds to construct artificial lava tunnels to conveniently drain the lava away when Etna erupts. Moreover Sicily has managed to accurately predict the size and frequency of the eruptions of Etna by using remote sensors which measure the bulge of the volcano, a tell tale sign of the imminent eruption. In combination to this, they sample the gas concentration of the gas released by Etna, using this to predict when an......

Words: 1068 - Pages: 5

Premium Essay

“the Bolshevik State Under Lenin Between 1918 and 1924 Was a Ruthless Dictatorship, Caring Little the Russian People.” to What Extent Do You Agree with This Statement?

...was a ruthless dictatorship, caring little the Russian people.” To what extent do you agree with this statement? After having overthrown the weak Provisional Government in the October Revolution of 1917, the Bolsheviks had seized power in Russia. Although they were a quite small party, that at first only had power in Petrograd, they managed to gain support and power throughout the whole country, turning it into a Bolshevik dictatorship. (Oxford 113) This was only possible because of their driven leader, Lenin, their equally motivated military leader Trotsky and the promises they made to the soviet people. Some of these are: the most famous phrase: “Peace, Bread, Land”, which captured the needs of the people in three simple words, the promise of “Soviet Power” above all and the abolition of private property and redistribution of said property. (Oxford 115) Even though this seemed very promising and beneficial for the Russian people, the methods of the Bolsheviks were less than ethical and, even though promising that it was all for the people, very controversial. The first thing to be determined, is whether Russia under the Bolsheviks was a dictatorship, and if so, a dictatorship of a single person, in this case Lenin, or the dictatorship of the whole party, Lenin’s role not being as important as historians have played it out to be. (Oxford 136) The Bolsheviks have not concealed the idea of making the country a dictatorship, but had said it to be a “dictatorship of the......

Words: 1047 - Pages: 5

Premium Essay

Can You Do This and What Is the Product That You Will Choose with. Here is what I need 10 pages on a product that I need to sell. Can you do this and what is the product that you will choose The objective of this assignment is to gain experience applying the interactive selling process by planning for and preparing a formal sales presentation to meet the needs of a customer. This assignment will help you to apply and integrate all of the Terminal Course Objectives for Marketing 420 Salesmanship. Guidelines Back to Top Your completed assignment will be a formal sales presentation that will be written up in a paper of approximately 10 to 12 pages in length (this would be roughly 1 page per area included in the report), 10 point font, double-spaced. You will select the topic, which will include deciding on the product or service that you are selling and describing your customer scenario. The submitted assignment should include a cover page, table of contents, introduction, body, summary or conclusion and works cited. Even though this is not a scientific-type writing assignment, and is mostly creative in nature, references are still very important. If you access other sources, such as websites or publications to prepare the assignment, then these should be listed on the last page titled "Works Cited". At the very minimum, the text and online course resources should be cited. All DeVry University policies are in effect including the plagiarism policy. Final presentations are due during Week 7 of this......

Words: 1283 - Pages: 6

Free Essay

'We Are Basically Physical Beings.' to What Extent Do You Agree?

...have non-spacial elements to us, is an idea that has existed for thousands of years. Nearly all major world religions have ideas about this; from the Hindu ideas of atman, to the Judeo-Christian ideas on the soul. The main argument I'm using to examine us being 'basically physical beings' is dualism and the connection between the mind, body and the soul. One of the first recorded forms of dualism was platonic dualism. Plato (429-347 BCE) believed that the body was physical and is rooted in the four dimensions of space and time which is subject to change, he called this the 'sarx'. But a 'being' also had another part, a soul, which existed in the world of forms and was made up of three distinct elements; reason, emotion and appetite. These three instincts in Plato’s view are what animates us. This therefore makes us not just physical beings. Plato though, saw the soul as pure or 'simple' and therefore the body was inferior something which trapped the soul until death. Plato appears to believe that the soul will be reborn in a new body after that. Aristotle (384-322 BCE) at the time also agreed that we had a 'soul'. But he believed that the body and soul were inseparable, this is the earlier monist ideas. Due to the soul and body not being able to separate this mean that the idea did not allow the soul to survive death. Aristotle did rethink this at times wondering if we did have non-physical elements to us, but it's not likely since he believed people couldn't live after......

Words: 1123 - Pages: 5

Premium Essay

“the Application of Both Goal Setting and Expectancy Theory Principles Help to Enhance Employee Performance”. to What Extent Do You Agree with This Statement?

...Process theories are theories of motivation that emphasizes on how we make choices with respect to goals. Content theories concern with ‘what’ motivates people while process theories concern with ‘how’ motivation occurs. Major process theories include expectancy theory, goal setting theory and equity theory. I agree to the notion that application of goal setting and expectancy theory will improve employee performance to a certain extent. In this essay, the application of goal setting and expectancy theories in real life and the possible limitations of the theories will be discussed. “Goal setting theory is a process theory of motivation which argues that work motivation is influenced by goal difficulty, goal specificity, and knowledge of results.” (Locke, 1968) According to goal setting theory, challenging goals can result in higher performance as compared to monotonous goals as most of the jobs can be dull, hence by accomplishing challenging goals will lead to sense of fulfilment from the employee. Besides, specific goals will stimulate higher level of performance than vague goals such as ‘do your best’. Feedback on past performance is also crucial as employees will appreciate the manger’s interest in their success and always know what is expected of them. Thus, it is common for an organization to apply goal setting theory as in most cases it will bring about positive results. An experiment was conducted with a company involved in loading of logging trucks (Latham......

Words: 1203 - Pages: 5

Free Essay

“the Ontological Argument Doesn’t Prove Anything” to What Extent Do You Agree?

...created by St. Anselm and his book, Proslogian, this argument was created, as stated by Anselm, to re-inforce faith but not proves God’s existence, this is stated by Anselm as Proslogian is a supplementary prayer book. However the argument itself does border on trying to proves gods existence, this argument is as follows: God is a being that which no greater can be conceived, a being that exists in reality is better than one that just solely exists in the mind, therefore god must exist in reality. Anselm himself argued that even through reason, those without faith could not truly understand god, as Anselm stated that the argument was never meant to for faith upon someone but this argument itself was only for the reassurance of faith, he himself already accepts gods existence. Anselm considered that reason alone can lead to error and therefore has to be supported by faith as it is only through faith that greater understanding can be achieved. if the believer accepts there is god then the ontological argument may be a valid argument that god’s existence is necessary. In the same way a triangle has 3 sides, for a believer that believes they understand the concept of god then for them god exists to quote Anselm: “For I believe this too, that ‘unless I believe I shall not understand’”. Therefore Anselm himself believes that it does not actually prove anything unless you have this preconceived notion about the existence of god, this is also known as faith. Karl Barth supports the...

Words: 1066 - Pages: 5

Premium Essay

Natural Hazards Happen Both in Develop Countries and Less Developed Countries. However, Some Countries Suffer More Than Others. Do You Agree with This Statement?

...I agree that some countries suffer more than others when facing a natural hazard. In my opinion, less developed countries suffer more than developed countries. This is due to the fact that Developed Countries are better able to respond to an active natural hazard as compared to less developed countries. To prove this point, I will compare the 2005 Carlisle Floods in Britain, a developed country, to the floods that occurred in Philippines in 2009, a less developed country. In Carlisle, Britain, bad weather continued for 3 days on end, resulting in a flood. The storm discharged 1500 cumecs of rain, and the flood covered a total area of 2290 km2. The damage done to the town caused the government $250 million, closed 350 businesses and damaged many infrastructure. On top of that, the flood had killed 3, and left 3000 people homeless. When the flood had passed, the government started up shelters for people displaced by the flood, and gave businesses meantime premises. The government, in an effort to prevent future floods as such to happen, came up with a floor management plan. The government also donated 1.5 million to the affected populace to help speed up the recovery. In Philippines, September 2009, 425 millimetres of rain fell on the Island of Luzon in 12 hours. Luzon, home to the country’s capital, Manila, suffered a terrible flood. The damage suffered was terrible. Through the course of the floor,......

Words: 579 - Pages: 3

Premium Essay

Countries at Very Low Levels of Economic Development Face Such Huge Challenges That They Cannot Hope to Address Them Without Assistance from the Rest of the World’. to What Extent Do You Agree with This View?

...‘Countries at very low levels of economic development face such huge challenges that they cannot hope to address them without assistance from the rest of the world’. To what extent do you agree with this view? Gross Domestic Product (GDP), which is the total value of goods and services produced by a country in a year, along with Gross National Product (GNP). This measures the total economic output of a country. These are two major indicators that help gauge a countries economic development. Several countries around the world have GDP’s less than $750, accompanied by populations earning roughly $1 a day. Life expectancies can also be as low as 40 years old in such areas. Poor levels of health care, literacy rates and schooling do not help an already disastrous cause, income too small to accommodate basic needs and resources, exemplify these issues. These are often defining signs of low developing countries (LDC’S). Within the 50 countries worldwide recognized as LDC’s a staggering 33 of these countries are situated in Africa, with 374 million Africans earning and having to live off $2 each day. LDC’s will continue to struggle economically due to factors that withdraw them from making development advances. Over the last 5 years Niger has accumulated roughly $965.5 Million in external debt. This is borrowing money from countries, IMF, World Bank and other multilateral agencies. This debt of Niger and other LDC’s has been amplified by factors beyond their control.......

Words: 933 - Pages: 4

Premium Essay

Technology Is the Best Way to Reduce the Impact of an Earthquake - to What Extent Do You Agree with This View

...‘Technology is the best way to reduce the impact of an earthquake’ to what extent do you agree with this view? (40 marks) An earthquake is a sudden violent shaking of the ground, typically causing great destruction, as a result of movements within the earth’s crust or volcanic action. Impacts of an earthquake can include short-term impacts such as fatalities, or long-term impacts such as income lost through lack of tourism. Technology can be used to predict the likelihood of an earthquake occurring in a particular area, for example by detecting plate movement, and this can reduce the impacts of an earthquake in return. This essay will discuss whether technology is the best way to reduce the impact of an earthquake or not. Technology can predict earthquakes through a seismometer. A seismometer is used to pick up the vibrations in the Earth’s crust and this can help predict earthquakes as an increase in vibrations may indicate a possible earthquake. Through the use of this technology, people living in earthquake zones are able to evacuate the area, which reduces the likelihood of fatalities from the earthquake and the falling debris caused by it. There are also other ways in which earthquakes can be predicted such as using laser beams to detect plate movement, monitoring the levels of radon gas that is being released from cracks in the crust and monitoring changes in ground levels. In February 1975 in the city of Haicheng in China, scientists identified changes in the......

Words: 1120 - Pages: 5

Premium Essay

In What Ways Could It Be Argued That Fascist Foreign Policy Led Directly to the Fall of the Regime? Do You Agree with This Assessment?

...TITLE: Memories of Fascism COURSEWORK ASSIGNMENT: Memories of Fascism Assessed Essay WORD COUNT: 1843 * * * In what ways could it be argued that fascist foreign policy led directly to the fall of the regime? Do you agree with this assessment? This essay explicitly explains the ways in which Mussolini’s fascist foreign policy did in fact lead to the fall of the regime in 1943. The three most significant factors of causation were Imperialism, Italian involvement in the Spanish Civil War and an alliance with Germany. Despite achieving some domestic and foreign short-term success, Imperialism as an Italian fascist foreign policy was truly destructive for fascism. Modeled upon the old Roman Empire, Mussolini strived to ensure that the idea of ‘Romanità’ was deeply engrained within fascist ideology and culture, predominantly through propaganda. He made no secret of his desire to make Italy ‘great, respected and feared’ (Urmila Sharma, S.K. Sharma Page 388), often alluding to the power and dominance of the Roman Empire as a tool to inflame national patriotism. In order to sustain this idea, Mussolini wanted a spectacular foreign policy achievement that would boost the popularity of the fascist regime whilst diverting attentions away from unpopular domestic policies (Page 57, Mussolini and Italian Fascism, Hamish Macdonald). In this way, an invasion of Abyssinia had perfectly logical long-term nationalistic aspirations; a war would train fascists for a......

Words: 2077 - Pages: 9

Free Essay

The Labour Government (1964 to 1970) Was Strong on Rhetoric, but Not on Action.” to What Extent Do You Agree with This Statement? (45)

...Harold Wilson, who was the Prime Minister during 1964-70, had promised Britain one of his most effective campaign speeches. He had promised that Britain would catch up with “the white heat” of technological change. Wilson had successfully linked the Labour Party to modernisation in contrast to what were described as the “wasted years” of the Conservative government. The Labour government seemed to be more in touch with the social and cultural trends of the 1960s. Modernisation of the British economy was one of the key priorities for the Labour government. By 1964, it was widely accepted that Britain was lagging behind other countries such as West Germany and Japan. Britain’s economy seemed to be trapped in the cycle of “stop-go”, with bursts of prosperity always leading to inflation, runs on the pound snd regular crises over the balance of payments. Reorganising the economy to break out of this cycle was the key aim of Wilson’s government in 1964. Moreover, Labour inherited a deficit of about £800million. The two classic economic solutions to this kind of problem were deflation and devaluation. But Wilson and his Chancellor of Exchequer, James Callaghan, refused to do neither. Instead, Wilson was convinced that these problems could be fixed by careful management and planning. A new department, the Department of Economic Affairs (DEA) was set up, led by George Brown and a National Plan had been drawn up. He had set growth targets and devised a national system of “economic......

Words: 1323 - Pages: 6

Premium Essay

‘the Global Economy Has Moved on from the Asian Tigers; the Present and the Future of the Global Economy Now Lie Elsewhere’. to What Extent to You Agree with This Statement.

...‘The global economy has moved on from the Asian Tigers; the present and the future of the global economy now lie elsewhere’. To what extent to you agree with this statement. (40 marks) The global economy is the economy of the world, considered as the international exchange of goods and services expressed in monetary units. The Asian Tigers, (Hong Kong, Singapore, Taiwan and South Korea) were economically developing states during the 1960’s and 1970’s, and are a rare example of third-world-rapid-development - development that nobody could have predicted 50 years ago! However, does this mean that the global economy still relies on them in the same way? And can there be a practical application for these states in contemporary development, whilst the 20th century threat of emerging markets and financial crisis looms near? The Asian Tigers were highly considered the first wave of Newly Industrialised Countries (NIC’s), and experienced enormous growth in the 1960’s and 1970’s. They had many appealing factors that found favour with the larger Transnational Corporations (TNC’s) and as a result of which they became the bulk of the workforce for many foreign companies, such as Nike. Above all, their currencies were cheap, and therefore they easily attracted investment from foreign countries that could make more profit. And they were seen as less of a competition in relation to the newly industrialised areas, such as China, which were still using higher wages and therefore a more......

Words: 1105 - Pages: 5

Premium Essay

‘Countries at Very Low Levels of Economic Development Face Such Huge Challenges That They Cannot Hope to Address Them Without Assistance from the Rest of the World’. to What Extent Do You Agree with This View?

...‘Countries at very low levels of economic development face such huge challenges that they cannot hope to address them without assistance from the rest of the world’. To what extent do you agree with this view? The UN classifies a country as a LDC if it meets the three criteria, low income (three year average income of less than US $750), human resource weakness and economic vulnerability (instability of imports, exports, agricultural production etc.). There are 49 LDCs in the world, 33 are in Africa, 15 in Asia and the Pacific and 1 in Latin America. The UN describes them as ‘the poorest and most economically weak of the developing countries with formidable economic, institutional and human resource problems which are compounded by geographical handicaps and natural and man-made disasters’. These countries face huge challenges such as the quality of life within them, recourses when distributed in many countries are not enough to provide for the needs of people on a sustainable basis. In 2005 it was estimated that 227 million people within LDCs were living on less than US $1 per day. As of 2013 there were 1.2 billion people living of less than US $1.25 a day. In some cases the population has been falling, but high population growth means that the actual numbers have increased in the long term. Poverty is much higher in places such as Africa 374 million people are living on less than US $2 a day compared to 203 million people in Asia. Another problem these countries face......

Words: 1460 - Pages: 6

Popular Drama | 1x894 Acacias 38 | 6 Months IPTV Subscription Full HD(Firestick-Mag Box-STB-Top Quality Service)