Indian Multinational Firms

2020 ◽  
pp. 200-204
Author(s):  
Murali Patibandla
Keyword(s):  
Human Capital ◽  
Multinational Firms ◽  
Developed Countries ◽  
World Market ◽  
Emerging Economy ◽  
International Investments ◽  
Strategic Resources ◽  
Skilled Manpower ◽  
The World ◽  
World Class

An important phenomena in recent years is the entry of emerging economy multinational firms on the global stage with important implications on the structure. These countries are China, South Korea, Brazil, Argentina, and India. In the Post-reforms era domestic market has become very competitive, driving Indian companies to acquire world class standards in technology and organization. A consequence of this is several large Indian firms investing oversea markets especially developed countries with both green field ventures and cross-border acquisitions. India’s endowment of largescale skilled manpower (human capital) provided comparative advantage both for exports and international investments. One of the underlying factors for Indian corporations (generally emerging economy multinational firms) investing in developed countries is to develop linkages with the world market in order to leverage strategic resources that in turn promote learning within the firm.

Features of economic development of entrepreneurship in suburban areas of the region

2020 ◽  
pp. 22-25
Author(s):  
Viktoriya Bondarenko
Keyword(s):  
Economic Theory ◽  
Economic Development ◽  
National Economy ◽  
Geographic Area ◽  
Developed Countries ◽  
World Market ◽  
Production Costs ◽  
Goods And Services ◽  
Suburban Areas ◽  
The World

The level of economic development of entrepreneurship in any country in the world is crucial in increasing the competitiveness of the national economy in the world market of goods and services. The activities of economic entities are the driving force for the sustainable development of regions and their suburban areas, and they also impact the welfare of population. The article dwells on the analysis of scientific approaches to the regulation of economic development of enterprises in suburban areas of the region. The article analyzes the scientific approaches to the regulation of economic development of enterprises in suburban areas of the region. According to the well-known classics of the fundamental economic theory of entrepreneurship development (A. Smith, D. Ricardo, V. Laungard, A. Loria) the peculiarities of economic development of entrepreneurship in suburban territories of the region are determined by the possibility of distribution of surplus production, minimum production costs per unit of production, availability of labor resources. In modern economic theory (M. Weber, A. Pre, S.M. Kimelberg, E. Williams, C. Vlachou, O. Iakovidou, J. van Dijk, P. Pellenbarg) the development of entrepreneurship in suburban areas of the region can be determined by institutional, innovation, technological, social, ecological and other features of the economy at the regional, state or world levels. The complex and comprehensive generalization of the features of economic development of entrepreneurship in suburban areas is proposed. There are (1) the type of decision taken by an enterprise to carry out business activities in the relevant suburban area of the region, and (2) the influence of internal and external factors on economic activity. The article argues that large enterprises are guided by more objective decision-making reasons, attaching the most importance to the physical and innovative environment. Medium and small enterprises are mainly focused on getting benefits for the entrepreneur in the short-term time period and location in the nearest geographic area. The attention was paid to the tools of ensuring economic development of entrepreneurship in suburban areas of the region, taking into account institutional changes in the national economy and the experience of developed countries of the world.

Human capital in the new development strategy of Russia

2021 ◽  
pp. 410-423
Author(s):  
Konstantin Konstantinovich Kolin
Keyword(s):  
Human Capital ◽  
Development Strategy ◽  
Socioeconomic Development ◽  
Innovation System ◽  
Developed Countries ◽  
Modern Concept ◽  
National Human ◽  
The World ◽  
The Developed Countries ◽  
Main Components

The article analyzes the modern concept of human capital and its role in the socioeconomic development of society. The structure of human capital in Russia and the state of its main components have been studied. The necessity of creating mechanisms for significantly more effective use of the intellectual potential of scientific and educational institutions of the country, as well as of the formation of a national innovation system, is shown. It is demonstrated that according to the World Bank estimates, today the national human capital in developing countries accounts for more than half of their national wealth, and in the developed countries of the world – for about 70-80%. Thus, human capital is now considered as the most important economic category, the importance of which will significantly increase in the 21st century. The author believes that it is advisable to use the positive experience of the functioning of such a system in China.

scholarly journals The Nigerian population: A treasure for national development or an unsurmountable national challenge

2021 ◽  
Vol 2 (1) ◽  
pp. 136-142
Author(s):  
Vitalis Jafla Pontianus ◽  
Oruonye E.D.
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Population Growth ◽  
National Development ◽  
Developed Countries ◽  
Resource Scarcity ◽  
Population Increase ◽  
High Population ◽  
Major Player ◽  
The World

Nigeria is the most populous black nation in the world. It is equally one of the Less Developed Countries (LDCs) with very high population. Population growth is a very important element and a challenge in the development process in LDCs. The population of Nigeria is expected to continue to grow up to 239 million by 2025 and 440 million by 2050, thereby ranking it to 4th position among countries of the World with high population. This without doubt will place Nigeria in a position of major player in the global system, and more importantly in the African region. It is against this background that this study examines Nigeria’s population composition by poising the following questions; will Nigeria’s present and future population structure be a benefit or a burden? How can Nigeria’s relative share of working-age composition (15- 64) and dependents (under 15 and 65 and over) contribute to long term economic growth and development of the country? The findings of the study reveals that population growth is a critical factor in the development of any economy, providing workforce for production of goods and services to boost economic development and a critical determinant of the potentials of a country’s investment. The study findings also show that continuous population growth militates against economic growth through inducement of poverty, falling medical care/services and environmental degradation, worsen resource scarcity in areas where a large proportion of the population already relies on natural resource-based livelihoods. The study argued that population increase is not a problem in itself to any nation, and that there are some impeding factors associated with population growth such as corruption, inadequate planning, inappropriate implementation of development plans, poor budget/implementation and complacency in developing human capital. These are issues that the Nigerian state since independence have continued to battle with which has invariably made it a seemingly failed state. The study concludes that how much any country can benefit from its population size is dependent on the quality of human capital. Based on the findings, the study recommends economic diversification, government empowerment of Small and Medium scale Enterprises, paying attention to human capital development and target-oriented education.

HUMAN RESOURCES MANAGEMENT IN THE AGE OF DIGITAL TECHNOLOGY

2020 ◽  
Vol 5 (12) ◽  
pp. 82-91
Author(s):  
A. A. SERGEEV ◽  
◽  
E. P. SHIROBOKOVA ◽  
Keyword(s):  
Human Capital ◽  
Business Processes ◽  
Human Resources Management ◽  
Developed Countries ◽  
World Market ◽  
Resource Potential ◽  
Resources Management ◽  
Digital Devices ◽  
Industrial Enterprises ◽  
Main Component

Developed countries are moving to the sixth technological order, which provides for a high proportion of innovations. Russia, possessing a great resource potential, does not fully realize it. The main reasons for the slowdown in digitalization are the incompetence and weak interest of the majority of employees in the implementation of digital technologies, high risks of investment in automation and digitalization of industrial enterprises. The high labor intensity of business processes, the low level of technology and the prevalence of labor of medium and low qualifications do not provide the necessary growth rates of labor productivity and do not stimulate investment in human capital. Information and knowledge are the main values of the digital economy, and their bearer is a person whose value lies in skills, abilities, intuition, as well as the ability to manage the most complex and intelligent digital devices that will never replace people, and people will always remain the main component of digital success. enterprises. The investment of financial resources in human capital remains not only the most relevant, but also the most effective, allowing to increase the competitiveness of the enterprise and increase the value of the human resource in the world market.

Latin American countries and Russia in the international trade of the main tropical fruits

2021 ◽  
pp. 48-59
Author(s):  
Rafail R. Mukhametzyanov ◽  
◽  
Ana Isabel Fedorchuk Mac-Eachen ◽  
Gulnara K. Dzhancharova ◽  
Nikolay G. Platonovskiy ◽  
...  
Keyword(s):  
International Trade ◽  
Latin American ◽  
Developed Countries ◽  
World Market ◽  
Tropical Fruits ◽  
Tropical Fruit ◽  
Food And Agriculture ◽  
Food And Agriculture Organization ◽  
The World ◽  
Latin American Countries

The orientation of a part of the population of economically developed countries to a healthy diet, the spread of ideas of vegetarianism, concern for the environment, and relatively higher incomes contributed to an increase in demand for fruits, berries and nuts of tropical and subtropical origin. Some of them, in particular bananas, oranges, tangerines, lemons, have become common food products and practically everyday consumption for the majority of the population of developed countries in the last quarter of the 20th century. In the future, some other types of fresh fruit and berry products from the tropics and subtropics (for example, pineapple, kiwi, avocado) gradually, due to increased production and international trade, also became more economically available to the ordinary consumer. Based on the analysis of statistics from the Food and Agriculture Organization of the United Nations for 1961-2019, the article shows a number of trends in international trade (for exports) of major tropical fruits are reflected, with a deeper look at the participation of Latin American countries in this process. It was revealed that some states of this region, such as Mexico, Ecuador, Guatemala, Costa Rica, Colombia, Honduras, Peru, Brazil, Chile, occupy significant positions in the supply of bananas, pineapple, avocado, mango, papaya to the world market. Currently, Russia is one of the largest countries in the world in terms of imports of fruit and berry products, therefore, the issue of its participation as a subject of demand in the world tropical fruit market is raised.

How Economic Dependency Was Created Through the WTO: A Case Study of South Korea

2017 ◽  
Vol 33 (4) ◽  
pp. 469-487 ◽  
Author(s):  
Ka Yi Fung
Keyword(s):  
South Korea ◽  
Free Trade ◽  
Agricultural Sector ◽  
Developed Countries ◽  
World Market ◽  
Production Costs ◽  
The European Union ◽  
Economic Dependency ◽  
The World

Adapting the framework of dependency theory, the article asks how the economic dependency of less developed countries (LDCs) on developed countries (DCs) is created through free trade. This article uses South Korea’s entry into the World Trade Organization (WTO) as a case study to illustrate this economic dependency creation process. Based on second-hand data from existing studies, the European Union, and the WTO, this article finds: (i) due to limited farmland size and high production costs, South Korean agricultural products cannot win a seat in the world market; (ii) the local agricultural sector was destroyed in South Korea because small farmers cannot earn a living by farming; and (iii) since the local agricultural sector cannot support the food demand in South Korea, South Korea now has to import a large amount of food. This article concludes that free trade actually destroys the local agricultural industry and the food security of South Korea, and consequently makes South Korea have to rely heavily on DCs for food import.

scholarly journals The globalization of the world coal market – contradictions and trends

2019 ◽  
Vol 123 ◽  
pp. 01044 ◽  
Author(s):  
Yevheniia Sribna ◽  
Olena Trokhymets ◽  
Ihor Nosatov ◽  
Iryna Kriukova
Keyword(s):  
Developed Countries ◽  
World Market ◽  
Coal Industry ◽  
Green Energy ◽  
Energy Technologies ◽  
The World ◽  
The Usa ◽  
Coal Market ◽  
Coal Supply ◽  
State Subsidies

The article describes the global coal market as the ratio of demand and supply depending on the development of energy technologies in the historical section. The continental specificity of coal mining is given. The basic world exporters and importers of coal and their role in the sale of energy fuels are analyzed. The key coal producing countries are China, India, the USA, and Australia. The largest consumers of coal products are China, India, Japan and Korea. There are unconditional leaders in the export coal market: Indonesia and Australia. In addition, a comparison of large coal companies and their share in the world market is presented. The features of coal supplies are analyzed in accordance with international rules (Incoterms), which regulate the rights and obligations of the buyer when conducting international trade, as well as determine the moment of transfer of risks from the seller to the buyer. The following supply bases were characterized: FOB (Free On Board), FAS (Free Alongside Ship), CIF (Cost Insurance and Freight), DAP (Delivered At Place), FCA (Free Carrier) etc. Trends in the logistics component of the global coal industry are revealed. Logistic of coal supply chains in comparison with other energy fuels and their features are disclosed. The problem of profitability of mines and their effectiveness is presented. Assessment of the environmental components of coal use in industry and energy is analyzed. It was noted that on the background of the trend to protect the environment and promote renewable energy, coal is becoming less popular in developed countries. This trend is further exacerbated by state subsidies for green energy.

On the Brain Drain of Africans to America: Some Methodological Observations

2006 ◽  
Vol 5 (3) ◽  
pp. 155-162 ◽  
Author(s):  
F. Nii-Amoo Dodoo ◽  
Baffour Takyi ◽  
Jesse Mann
Keyword(s):  
Human Capital ◽  
World Bank ◽  
Brain Drain ◽  
Developed Countries ◽  
Accounting System ◽  
The World Bank ◽  
The World ◽  
Relative Comparisons ◽  
The Impact ◽  
The Brain

AbstractRecurring debates about the impact of the brain drain— the developing world's loss of human capital to more developed countries—has motivated estimation of the magnitude of the phenomenon, most recently by the World Bank. Although frequently cited as a key contributor to Africa's wanting development record, what constitutes the "brain-drain" is not always clearly defined. Today, in the absence of an accounting system, resolution of the definitional and measurement question depends on relative comparisons of measurement variants, which will identify definitional shortcomings by clarifying the merits and demerits of these variants, and thereby suggest corrective imputations. This paper compares the World Bank's approach to a chronological precedent (Dodoo 1997) to clarify the value of variant comparisons. The resultant implications for corrections are also discussed.

scholarly journals Human factor in the strategy of sustainable leadership of PJSC Gazprom

2020 ◽  
Vol 28 (2) ◽  
pp. 211-224
Author(s):  
Nina M. Baranova ◽  
Sergey N. Larin
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
World Bank ◽  
Developed Countries ◽  
Annual Reports ◽  
Sustainable Leadership ◽  
The World ◽  
High Level ◽  
Near Future ◽  
World Ranking

Gazproms human capital (as HDI) is one of the most important resources of the corporation, which ensures its competitive strength in the Russian and international energy market. One of the main goals of PJSC Gazprom is the formation of a highly professional, responsible and cohesive team that effectively develops projects and solves a variety of tasks not only at the corporate level, but the country and the world. Therefore, the assessment of PJSC Gazprom staff readiness for the competition of the corporation in the domestic and external markets is relevant. Modeling the level of development of the enterprises human capital, based on the example of Gazprom corporation, according to certain indicators, determining their role in the development and competitiveness of the organization. To conduct the study, the works of scientists were analyzed, official data of the annual reports on the activities of PJSC Gazprom in the field of sustainable development for 2000-2018 were used. In order to assess the readiness of the corporation's human capital to sustainable development of the enterprise, a regression analysis and an econometric study were carried out using the MS Excel and Eviews10 application software packages. As a result of the study, it was found that a positive corporate human capital has a significant impact on competitiveness and an increase in the companys value and the constructed model for assessing companys human capital, based on the example of PJSC Gazprom, enables to make a forecast for the near future. Russia has occupied 49 place in the World Ranking (HDI = 0.824) in 2019 in terms of the level of development of the human capital according to the World Bank and has got into a very high level of development. Despite this fact, Russian HDI in World Ranking occupies only 46% against 70% of developed countries. World Bank experts claims, it will take Russia about 100 years to catch up with developed countries on this indicator. Russia does not have that kind of time, so the country has actively joined on every front. Obviously, the human capital of each corporation makes a certain contribution to changing the human capital of the country in one direction or another, and the human capital of PJSC Gazprom is able to significantly increase this indicator.

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