Developed Countries and Economically Developed Countries...

The developed country can be classified also as the advanced country, more developed country (MDC), and more economically developed country (MEDC). Developed country means the country that sovereign state and has a highly growth of economics and modern technological infrastructure compare to the developing country and least developed country. There are several previous studies that have been done on the relationship between inflation rate and unemployment rate in developed country such as by Hogan (United State), Sack’l en (Sweden) and Andrei (Romania). They are done the same research with different method to get same objective. The most of the study is use a VECM method in their research. While, there is a few of the study was used a VAR†¦show more content†¦In the research said that a contractionary monetary shocks will increased the unemployment rate. He was using the Standard dynamic models of price adjustment in the research. Sackl’en and Lundborg (2006), they conduct a research about relationship between inflation rate and unemployment rate to study the low-inflation targeting and long-run unemployment from years 1959 until 2000. They use an ADP model and the United State panel data to conduct this research. As a result when they apply U.S. data, their results strongly rejected the conventional NAIRU model. Berentsen A. et al (2011), they conduct a research using a United State panel data. Their objective to do this research is to study the relationship between monetary policy, as measured by inflation or nominal interest rates, and labor market performance, as measured by unemployment in long run. After conduct the research, they find out that unemployment is have a positively relation to inflation and interest rates in the low-frequency data. Then, they developed a theory in which both labor markets and goods markets are modeled using the search-and-bargaining approach. The framework is tractable and many results, at least for steady states, can be derived simply by shifting curves. Cashiel (2004) has done his research to examine about the relationship between inflation rate and unemployment rate in US. He uses the Phillip Curve model and Nairu model to get a result of hisShow MoreRelatedMore Economically Developed Countries and Less Economically Developed Countries926 Words   |  4 PagesComparison Between MEDC and LEDC The comparisons between MEDC- More Economically Developed Country and LEDC-Less Economically Developed Country are many and varied but are mainly related to finance which gives the MEDC a higher standard of living for its occupants than those of the LEDC. Geographically most MEDC are situated in the northern hemisphere were as the LEDC are mostly in the southern hemisphere. Most MEDC are well advanced or have completed their development period for exampleRead MoreDeveloping A Economically Developed Countries1649 Words   |  7 Pages†¢ More economically developed countries (MEDC) - Countries with sovereign states and that has a highly developed economy with advanced technological industries as compared to other countries. The Human Development index, standard of living as well as the Gross national product of these economies is on the upper level of every chart. According to the International Monetary Fund, advanced economies comprise 60.8% of global nominal GDP and 42.9% of global GDP (PPP) in 2014. 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The North is home to fourRead MoreImpact Of Globalization On The Economy Essay1626 Words   |  7 Pagesprocess of connecting economic activities of nations and regions to accommodate intercontinental trade. Goods and services can be easily moved across borders guided by international policies. International investors are encouraged to invest in other countries by either opening new businesses or branching out. Also, the importation and exportation of goods and services are allowed while job seekers can venture beyond their border for better employment. Sustainability is achieved when the needs of theRead MoreEmerging Economies : The Global Economic Growth1106 Words   |  5 Pagesa number of countries known as Emergent Market Economies (EMEs). These countries already account for a substantial amount of the world economic output and have been the major force behind the global economic growth in the last decade. The BRIC countries (Brazil, Russia, India and China), the largest contributors to this growth, represent a greater share of the economic growth than the G7 countries (Michaelson, 2010). Between 2001 and 2013 the economic output of non-developed countries doubled fromRead MoreThe Causes Of Poverty And Underdevelopment1563 Words   |  7 Pagesviews regarding the modern world, existing relationships and differences between the Third World and developing countries. The theories both have similarities and differences in their approaches to poverty and undeveloped countries. Solutions are suggested by both theories, giving diffe rent strategies to improve the gaps or connections between the developed and underdeveloped countries and societies. Wehler (1975:11) explains the concept of Modernisation to be the development from traditional toRead MoreGlobal Warming Is Responsible For The Climate Change860 Words   |  4 PagesFirst world countries contribute most to the problems of unsustainable development and thus they should be responsible for resolving the issues caused by such developments, particularly when they are still having an indirect impact in promoting unsustainable development and have resources required to counter these problems. Researchers have proved that more than the increasing rate of population in certain developing countries; it is the per-capita negative impact that First world countries are havingRead MoreDeveloped Country Vs. Developing Countries988 Words   |  4 PagesDeveloped Country vs. Developing Country Developed and developing are the titles that countries around the world are being labeled by based on the development of their economy and technological infrastructure. Although these countries may carry a likely similar name, they are however completely different in many ways. The two types countries usually differ in their environment, population, education , and living conditions. Most importantly, they obtain distinct economies, which makes them part

Los Angeles Is A Problem For American Society - 1432 Words

Los Angeles is a city where many important and famous people live. Most people think that most of the population living in Los Angeles is rich because of famous places such as Rodeo Drive and Hollywood where most American movies are produced. The United States has a strong economy, is very safe, and solves a lot of big problems outside the border. United States has a lot of organizations, associations and charities for human rights; however, a big city like Los Angeles has a dark side, it has the highest percentage of homeless people, drug addicts and alcoholics in the United States. Almost all of these people live in one neighborhood, which is called Skid Row. It is located in the southern part of Los Angeles. It started as a home for†¦show more content†¦Since many of the migrant workers were single and male, the area also saw a proliferation of bars, whorehouses and other houses of ill repute, Today there is a large mission presence in Skid Row which can trace its roots t o that period (P1).† The history of Skid Row starts in 1880 and continues until 1930 to serve the Los Angeles worker population; as the article â€Å"History of Skid Row† explains better by stating: â€Å"People escaping war and difficult conditions in other places came to Los Angeles to start a new life. More and more people came year after year, so in 1930 there were around ten thousand homeless in Los Angeles. Skid Row started as cheap housing and homes for seasonal laborers but then alcoholics, drug addicts, refugees and homeless came to stay there† (P1). According to the same article: â€Å"In 1975, the area became part of the then newly adopted central business district redevelopment act†(P2). So it means in the seventies, the Skid Row area became just like what we know today. The area is still poor and is a problem for the Los Angeles Community. â€Å"Homelessness† is defined by Howard Bahr in his book Skid Row an Introduction to Disaffiliation as: â€Å"a condition of detachment from society characterized by the absence or attenuation of the affiliative bonds that link settled persons to a network of interconnected social structures† (P17). The definition describes the people who live in Skid Row because they are not settled and their social structure is

Comparison Fo Marketing Strategies free essay sample

In this term paper we will compare two companies, Splash of Landmark Group and Hamp;M, two leading fashion retailers in UAE. We will individually analyse the marketing strategies of the two companies and compare them to see which one is more successful in the UAE market. We will also suggest some recommendations for developing their strategies. Both of these companies have equally done very well with their marketing strategies in the past and even better in the year of 2008 while being under the influence of the economies downfall. Sustainability has been the main marketing strategy that has made Hamp;M a highly successful business and continues to do so to this day . In the case of Splash, its marketing strategy consists of aggressive selling with various offers and promotions for its customers. The topic we have chosen to write about is important because Splash and Hamp;M are well-known companies that are popular amongst young consumers. Learning about each marketing strategy will help educate us better on where they stand in the apparel industry in reference to others we know about. Comparing Splash and Hamp;M hopefully will give us a better understanding about the two companies and how we can make their marketing strategies better. In organising our paper we will start out giving the brief overview about the two companies and further proceed to analyse each of their brand positioning, pricing , promotion, e-marketing etc. After the explanation and analysis of each strategy we will proceed to suggest recommendations for improving their strategies. Hamp;M Evolution The history of Hamp;M started with a man named Erling Persson, who was a Swedish former salesman that became fascinated with America’s high-volume efficient outfits that Barneys and Macy’s carried. Persson first discovered the outfits when coming to the United States after World War II. Persson brought the retail concept – that high turnover produced lower prices – and brought it back with him to Sweden. It was then that Erling chose to open his own store which he called Hennes, standing for â€Å"hers† in Swedish. During this time the store only sold women’s clothing. The company Hennes was established in 1947 in Vasteras, Sweden and by 1968 Persson had purchased the men’s sportswear inventory and property of a Stockholm hunting equipment store which was named Mauritz Widforss. Erling Persson then changed the name of his store Hennes to Hennes amp; Mauritz to express the expansion, and later downgraded to just the abbreviations Hamp;M. By 1970 Hennes amp; Mauritz developed a children’s clothing line and by 1978 the store offered much of all family clothing. With Hennes amp; Mauritz offering a wide range of family clothing, it helped the company expand with the new generation of youth wanting to be able to express their individualities. Besides its Scandinavian base, Hennes amp; Mauritz expanded into the British market by by the later years of the 1990’s Hamp;M realized that their company had better results in their European market than their Scandinavian market. In 2000 Hamp;M finally came to the United States after historically being a European brand and set its dominance. Hamp;M’s is known for being of good quality and of good price. The dresses from the house of Hamp;M are conspicuous for the uniqueness of their designs and an appeal that is slightly off the beaten track. This company has dedicated online stores through which it serves fashion conscious and aesthetically inclined numerous men and women in US, UK and Europe with all the exquisitely designed apparel. SPLASH Evolution Headquartered in Dubai, Splash is the Middle East’s largest fashion retailer and part of the Landmark Group, one of the biggest retail conglomerates in the Middle East and India. Founded in 1993 as a single brand store in Sharjah, Splash has grown to over 125 Splash stores and 50 branded boutiques across ten countries. An ‘Eye’ for the latest global trends in fashion design offered at fabulous value is the soul of Splash which has carved a niche for itself as one of the most successful local players in the region’s high-street fashion category. Splash showcases popular collections for men, women and teens with a wide offering of fashion apparel and accessories to suit the customer’s every lifestyle need. Initially it was mainly a trading company, which used to buy and sell merchandise without any customization of the consumer offering. This trading focus continued till 1998 when the company started to evolve along the buying cycle. This buying focused approach saw Splash differentiate itself by selling products which were carefully selected to suit the needs and style preferences of customers. In the year 2000 the company progressed from a trading setup to a retail based organizational framework. In 2004 Splash started shifting its focus from being buying based, to a more product centric, design oriented approach which corresponded with the change in logo, to reflect the brands ambition to compete with the international brands present in the market. Design teams were created and frequent buying trips and trade show visits to every significant show around the world were arranged for the design teams. Splash progressively became a design oriented fashion retailer with a central focus on developing its own style for each collection.