In the current global economic climate, countries with strong Essay

In the current global economic climate, countries with strong economics should support countries experiencing financial difficul - Essay Example There are various reasons to cite for the need of external help from the developed economies. First, developed economies have integrated their labour in that they use machinery and technology. In many underdeveloped economies, most sectors use manual labour in production. This is a setback, as the production is not optimised. For example, most of the poor economies use manual labourers in farming and in industries. This requires a large number of people to effectively enhance production. However, with the help of developed economies the poor countries will realise the need for sophisticated mode of operations. For example, the poor countries need to incorporate mechanised farming, which will reduce on both time and cost taken to prepare and produce agricultural goods. In the mean time, they will have optimised their agricultural production, which will improve the economy. Similarly, the developed countries should help poor countries emulate many more modern farming techniques. As suc h, the poor countries will start investing in agricultural inputs including fertilizers and improved breeds as well as seeds. It is noted that agriculture is a strong economic pillar for poor countries. Therefore, this sector will attract immense attention especially when developed countries would want to help. ... Improving the agricultural sector will pave way for massive production. This would be a prudent idea since it will help the developed countries in provision of raw materials for production. This will improve both bilateral and multilateral trade in the world. Apparently, it is realised that many developed countries have many industries that require raw materials. Since these industries need raw materials, improving bilateral and multilateral trade will be a solution to scarcity of raw materials (Wodon 2012:34). In essence, both developed and poor economies will benefit from improvement in agriculture, as there will be a balance of trade. In the modern world, global climate change has been a thorny issue. This is highlighted owing to immense increase in pollution of the environment. Apparently, most of the developed countries are spearheading the need to reduce pollution in the world since it has affected the global climate. However, some of these actions are not reiterated to the poo r countries. In fact, countries experiencing financial difficulties have limited resources in controlling pollution. Bizarrely, pollution in some parts of the world would affect the climate, which later affects the whole world. As such, the strong economies should allocate resources to help reduce pollution in the poor economies. This would help in reducing the effects of pollution. It is noted that strong economies in the world are grumbling for better healthcare, improved income, better working conditions and improved education systems. However, in the countries faced with financial constraints, such are luxuries. For example, in some of these countries, access to healthcare is a problem. People have to travel long distances to access healthcare services. This is

Samsung Electronics of Korea Essay Example | Topics and Well Written Essays - 500 words

Samsung Electronics of Korea - Essay Example The long-term vision of the chairman and their ability to exploit the potential of the changing preferences of the customers became the main mantra of Samsung’s success in the highly competitive field of electronic gadgets. Currently, Samsung’s products and services are known for their quality innovative product lines which are also cost-effective. It has developed its core competencies to a formidable extent and offers stiff competition to electronic majors like Sony, Nokia, Phillips etc. by continuously coming up with ever new features in all its products   The basis of Samsung’s current business model is its speed based innovative products. The company focused on its strategy of developing research and engineering skills so that it could improve and improvise innovatively on the electrical and digital products of Sony, Phillips, Matsushita, and Nokia. Samsung’s ability to launch its own products with added features with a great speed was a huge success with the target population. Samsung had geared its teams of professionals to keep a strict watch on the people’s pulse and was, therefore, able to anticipate their demands and used to come up with new products and features that were envied by its rivals.   Another factor that had contributed to its success was that it had realized early the fickle nature of peoples’ preferences which rapidly evolved with the changing times.