The world economy is a very fragile thing. It is based on many risky elements out there in the business world. Definitely it is controlled by the richer nations of the world.
A great asset in a country's economy are it's natural resources. How are these assets of natural resources used and utilized, determines the country's economic growth or downfall. A strong and successful managing strategy can derive the economy up and can make the country powerful in its financial outlook.
Local country laws, and international laws and regulations also play an important role in a successful economical growth of a country. For this purpose, foreign relations play an important role for a country's future.
Scientific and technological advancement is also an important player in determining a country's economical strength.
When different countries start to interact with each other on different issues of business and trade, they almost become intertwined with each other and become one big economy. If one country takes a hit in financial market, its affects will be felt in other countries.
This type of dependence could be fatal and it could be advantageous depending on the right management strategies.
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