Globalisation, Transnationals and Economic Policy - Essay Example

Only on StudentShare

Extract of sample
Globalisation, Transnationals and Economic Policy

Foreign direct investment has been very very important to the economic development in Central and Eastern Europe over the last decade. Basically, importance is marked by successful resource seeking there. Also, Market seeking is another important economic development in Central and Eastern Europe. Lastly, Efficiency seeking has improved the economic situation in Central and Eastern Europe.Basically, importance is marked by successful resource seeking there. Some parent companies invests large capital resource in order to to acquire major factors of production that are more efficient than if the factors are obtained in its home country base. In fact, these scarce resources may not even be available in the home economy at all. These major factors include cheap labor and natural and resources. This exemplifies why Foreign Direct Investors set up shop into developing countries like the Asian third world countries. Specifically, some parent companies would go out of its way to seek cheap and hard to find natural resources in the Middle East and Africa. Other foreign direct investment companies prefer to set up manufacturing plants in in Southeast Asia and Eastern Europe because of the cheap labor costs there.This will increase the purchasing power of the workers in Eastern Europe. As a result This will decrease the unemployment rate in Eastern Europe and Southeast Asia.Also, Market seeking is another important economic development in Central and Eastern Europe. ...Show more


This essay investigates to what extent has foreign direct investment been important to the economic development of countries in Central and Eastern Europe over the last decade. The writer will reveal some pieces of advice to a government on an appropriate policy towards FDI.

Author : gschmeler
Save Your Time for More Important Things
Let us write a custom essay on your topic
"Globalisation, Transnationals and Economic Policy"
with a personal 20% discount.
Find out more

Related Essays

Human nature and politics
The paper examines the various theories on human nature, to have a better understanding on why it is necessary to study human nature in order to form a coherent socio-political order. This paper finds many of the problems that plague modern society undoubtedly arising from various fallacies seen in the nature of human reasoning.
14 pages (3500 words) Dissertation
Canadian Heritage
From this research it is clear that one needs to look no further than a cursory review of the developed nations around the globe that place an emphasis on governmental sponsorship for culture and the arts to notice a key trend with regards to the overall level and standard of living, economic strength, and importance that art and culture play within such systems.
3 pages (750 words) Assignment
Poverty in Nigeria
Nigeria's economy depends heavily on the capital-intensive oil sector. Petroleum and Petroleum products constitute 95 percent of the Nigeria's exports. Despite providing 95 per cent of foreign exchange earnings and about 60 per cent of government revenues, the oil sector's contribution to GDP is less than 25 per cent.
9 pages (2250 words) Essay
Self Defense And International Law
The Terrorist attack on the Republic of Bona by the shadowy group is a cowardice act and is rightly condemned by the International Community. The Republic Of Bona and other nations should come together agaisnt terrorism. The International Community should ask and pressurise the government that is providing shelter to these terrorist groups and base camps so that they can carry on their terrorist activities.
6 pages (1500 words) Case Study
Recession in UK
Several macroeconomic indicators change mostly in the same way. Apart from change in employment status, other changes that take place involve changes in capacity utilization, investment spending, business profits, household incomes and inflation. All these fall during this period.
5 pages (1250 words) Essay
Conflict in Macedonia
This government managed to rule Macedonia successful for seven straight years. Their success can be attributed to their socialist attributes. The same thing was not happening in other new republics that had been part of Yugoslavia. (Wood, 2001a,
8 pages (2000 words) Case Study
US President Mr. George W. Bush
The cattle products are vital to our food habits,the diary and meat products are consumed internally as well as exported and cattle are pivotal to our thriving leather business. The above only strengthen the fact that the US internal production of dairy is not enough and if we can utilize our potential,the industry can generate economical prosperity and employment.
6 pages (1500 words) Essay
Intelligence Missions and Capabilities: Challenges of the 21st Century
Ambassador and others in Libya. Based on a review of public documents on these or other controversies, provide a short assessment of the lessons learned/implications.
3 pages (750 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email