Analysis on the Overall Characteristics and Laws of Economic Development

2011 ◽  
Vol 225-226 ◽  
pp. 174-177
Author(s):  
Yue Huang

In light of current world economics heading towards a direction that demands a refurbished theoretical guidance, Huang, Mu and Huang’s (1990, 1991) “Overall Development of Global Economics” model - also affectionately known as the "4-ways, 2-forms" hypothesis - serves as a research guideline and a basic framework of economical development problems. Economical development throughout the history of mankind has experienced three phases, each phase bearing its own characteristics. While today’s developing countries linger in the era of nature driven self-sufficiency, developed countries have surged ahead into a phase of post-information economy where information technology serves as the backbone of Information Economic Era. At present, the financial disparities between nations often and inevitably produce conflicts driven by socio-economical differences and the resultant ideologies. What are the orientations in economic development for less developed countries, developing countries and developed countries? Why does conflict between them arise and what causes this? How can they be resolved? These have become focal issues of concern among economist.

2020 ◽  
Author(s):  
endang naryono

Covid-19 or the corona virus is a virus that has become a disaster and a global humanitarian disaster began in December 2019 in Wuhan province in China, April 2020 the spread of the corona virus has spread throughout the world making the greatest humanitarian disaster in the history of human civilization after the war world II, Already tens of thousands of people have died, millions of people have been infected with the conona virus from poor countries, developing countries to developed countries overwhelmed by this virus outbreak. Increasingly, the spread follows a series of measurements while patients who recover recover from a series of counts so that this epidemic becomes a very frightening disaster plus there is no drug or vaccine for this corona virus yet found, so that all countries implement strategies to reduce this spread from social distancing, phycal distancing to with a city or country lockdown.


Author(s):  
Davinder Singh ◽  
Jaimal Singh Khamba ◽  
Tarun Nanda

Micro, Small and Medium Enterprises (MSMEs) have been noted to play a significant role in promoting economic growth in less developed countries, developing and also in developed countries. Worldwide, the micro and small enterprises have been accepted as the engine of economic growth of any nation. Small and Medium Enterprises are the backbone of the economies, because it trigger employment, output, export, poverty alleviation, economic empowerment, economic development etc. in developed as well as in developing countries. It is more important to developing countries as the poverty and unemployment are burning problems. MSMEs have been playing a momentous role in overall economic development of a country like India where millions of people are unemployed or underemployed. Therefore, the growth of small sectors is essential for the growth in the GDP, employment generation, total manufacturing production and export. India, being one of the fastest growing economies of the world, needs to pay an honest attention for the utmost growth of MSMEs for its increased contribution in above areas.


2012 ◽  
Vol 25 (4) ◽  
pp. 46-64 ◽  
Author(s):  
Soni Agrawal ◽  
Kishor Goswami ◽  
Bani Chatterjee

Firms from developed countries are increasingly offshore outsourcing services to developing countries to have cost as well competitive advantages. Although this is a growing practice, there has been limited empirical attention in understanding the outsourcing phenomenon, particularly from the perspective of service provider firms that execute important business processes for their overseas clients. Despite growing trends to outsource, only a few service provider firms report success. This puts the service provider firms under increasing pressure to add value and improve quality of relationship. They have to depend not only on tangible factors but some intangible factors also play an important role in their performance. In this paper, the authors try to find out factors that influence performance of service provider firms. Multiple regressions using four indicators of firm performance are carried out to see the influence of certain factors on information technology enabled service (ITES) firms’ performance.


Author(s):  
Valentina Diana Rusu ◽  
Angela Roman

Purpose – the purpose of this paper is to identify how entrepreneurs from European Union (EU) use informational and communicational technologies in their business activities. We also try to identify the benefits and the challenges arisen for the European entrepreneurs in using information technologies. Research methodology – we analyze a sample of EU countries, by including them into two groups, according to the stage of their economic development. As methods, we use the logical-constructive method and also comparative methods. We also use the benchmarking method in order to estimate country indicators in the sample and compare them. Findings – the results of our study emphasize that e-entrepreneurship in developed countries is more advanced compared to developing countries. There are also significant differences regarding the use of informational technologies between types of firms by their size. Research limitations – are given by the availability of data. Practical implications – we emphasize that in order to support the development of E-entrepreneurship in the EU, government policies should pay more attention to the development of information technology infrastructure. Originality/Value – comes from grouping the EU countries into two groups, according to their stage of economic development. And, comparing the two groups as regards the use of informational and communication technologies. Keywords: information technology, e-entrepreneurship, e-business, innovation, EU countries


Author(s):  
Anthony Akai Acheampong Otoo ◽  
Li Zhiwen ◽  
Charles Oduro Acheampong Otoo ◽  
Maxwell Opuni Antwi

The clear differences between developing nations and developed nations have posed an enormous problem in trying to design a “one-size-fits-all” theory of Electronic Commerce (EC) adoption. Most prior studies have proposed that generalizing findings of developed countries to the context of developing countries are of worry (Rahayu & Day, 2015; J. Tan, Tyler, & Manica, 2007). Table 1 shows the ICT Development Index (benchmarking tools to monitor information society developments worldwide) of some countries that have hosted the earlier literature on EC International Telecommunications Unions (ITU, 2017). These statistics may well indicate that businesses in developed countries and developing countries vary with regard to information technology and EC context<strong>.</strong> The latest ITU report in 2017 on ICT Development Index, ranks Ghana as the 112th country regarding ICT development in 2016, which shows a slight decline in the ranking compared to 111th in 2015 (the IDI value increased from 3.75 in 2015 to 3.99 in 2016). This may suggest that Ghana does not have appropriate infrastructure for effective e-business compared to countries like Singapore, China and USA.


2012 ◽  
pp. 666-683
Author(s):  
Adekunle Okunoye ◽  
Nancy Bertaux ◽  
Abiodun O. Bada ◽  
Elaine Crable ◽  
James Brodzinski

This essay presents a case study of Information Technology (IT) education as a contributor to economic and human development in rural Nigeria. The case of Summit Computers suggests that for developing countries to benefit from advances in IT, the following factors are of great importance and can be enhanced by IT education initiatives: convenience, affordability, emphasis on participation and empowerment of local users, encouragement of entrepreneurship, and building awareness among potential users. Additionally, careful attention should be given to how IT training can meet local employment and other needs are important factors in rural communities in developing countries such as Nigeria.


2016 ◽  
pp. 543-559
Author(s):  
Twiesha Vachhrajani ◽  
Lavanya Rao ◽  
H. R. Rao

Over time, changes in lifestyles, surroundings, and presence of parasites in the developed and developing world has resulted in new strains of various communicable diseases such as AIDS, tuberculosis, malaria, etc. Even though the global average of diseases may be quite low, the concentration in certain countries is much higher. In developed countries, information technology has proved to be an indispensable tool to spread awareness regarding these communicable diseases; however, most developing countries lack the infrastructure needed to use these same resources to educate people about the prevention, symptoms, and treatment available. This chapter makes the following contributions: first, it outlines some of the critical challenges regarding the spread of communicable diseases. It then identifies and summarizes the various information systems strategies used in developed and developing countries. The conclusion ties these together and offers suggestions to further curb the spread of communicable diseases in developing countries.


2015 ◽  
pp. 1555-1581
Author(s):  
Bongani Ngwenya

This chapter posits that Governance realignment from e-Government to e-Democracy constitutes a critical context for social and economic development in both developed and developing countries. E-Government and e-Democracy are not new phenomena in most developed countries and some developing countries in Asia and Africa. However, the degrees of political and economic variations between developed and developing countries poses a serious challenge to the efforts towards realignment of governance for social and economic development attainment. The findings in this chapter are that social and economic development lie at the intersection of e-Government and e-Democracy processes of governance realignment. Asymmetry in institutionalisation, and diffusion of e-Democracy amongst countries is widely attributed to economic and political variations in these countries. Unless these differences are skillfully identified and accommodated as such into the development and use models, e-Democracy efforts will not help achieve social and economic development goals, particularly those of developing countries.


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