Economic development can be illustrated as the sustainable process of developing and preserving apposite economic, social and political environments, in which economic opportunity is created for all citizens, business investment is enthused for the private sector, and public revenue base is diversified (Allen and Thomas: p40). ...
International politics has played a key role in converting new technological opportunities such as travel and communications (globalization in a narrow sense), into new forms of economic regulation and business practices (globalization in its broad sense). ... Marxists argue that globalization has given new power to people that own businesses ("capital" in Marxist terminology). ... Furthermore, governments need business, and business's tax revenues to provide their citizens with expected services. ... Multinational business can manipulate these needs (and perhaps, sometimes, use straight...
A perception is growing that educational systems in many countries could better respond to the needs of labor markets, help economies to avoid skills gaps, and ensure that adequately trained human capital is available to support business activity as well as to develop innovative capacity and entrepreneurship. ... Government attitudes toward markets and freedoms and the efficiency of its operations are also very important: excessive bureaucracy and red tape, over-regulation, corruption, dishonesty in dealing with public contracts, lack of transparency and trustworthiness, inability to provide a...
