Essays on Alan M

Multinational Enterprise and Foreign Production Multinational firms exist because of certain economic advantages that enable it to be profitable by producing a good or service in a foreign country. It is important to understand the difference between Vertical expansion and Horizontal expansion of a multinational firm in order to understand the underlying principles of their economic activities. Vertical expansion happens when a firm finds assets in a foreign country it wishes to pursue. These assets can be either in the form of natural resources or other raw materials that it can use for inputs in its own production or ...

History: Issue Paper

Globalization carries very significant implication because of its pivotal functions in the process of economic development across the globe. International politics will never direct future economic development although peace has helped in a great deal to create basic and essential external conditions for globalization. Nevertheless, the advancement of globalization requires a rather peaceful environment which will prevent the occurrence of uncertain factors that may bring damage to the peace. The concept of globalization has been enriched and deepened after years of sustenance since its beginning. The major idea behind globalization across the globe is the ways through which the economies ...

Introduction

Welfare is the known as the provision of least required level of wellbeing and social assistance for general public. The developed countries like United States, welfare is mostly being offered by the government which is not part of charities, religious groups, informal social groups, and other intergovernmental organizations. Welfare basically replaces the term of "charity", as has been known for thousands of years, which is the voluntary act of helping. Welfare may have various forms like subsidies, monetary payments and housing. Welfare can be granted through government or nongovernmental organizations or by both. There are various social assistance programs ...