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Essay / Research Paper Abstract
A 5 page paper discussing short-term economic challenges. The still-emerging world economy ultimately will be managed online in some manner, whether via the Internet or over a series of intranets. Western Europe has simplified business there with the creation of the monetary union and a common currency. Shipping is becoming more efficient as increasing numbers of the world's ports privatize operations and become greatly more efficient. The primary challenges that exist now relate to still-emerging markets and whether we will give any attention to sustainable development. Bibliography lists 3 sources.
Page Count:
5 pages (~225 words per page)
File: CC6_KSeconGlobChal.rtf
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Unformatted sample text from the term paper:
business has been increasing dramatically over the past generation. Of course we have had businesses that operated internationally for well over a century; the multinational enterprise is a late
20th century creation. In the past 30 years, the global economy has suffered a worldwide oil crisis (1973-74); learned the realities of efficient manufacturing; adapted to the complications of
highly remote business sites; and dealt with the Asian currency crisis in the late 1990s. The still-emerging world economy ultimately will be managed
online in some manner, whether via the Internet or over a series of intranets. Western Europe has simplified business there with the creation of the monetary union and a
common currency. Shipping is becoming more efficient as increasing numbers of the worlds ports privatize operations and become greatly more efficient. The primary challenges that exist now relate
to still-emerging markets and whether we will give any attention to sustainable development. The Big Emerging Markets
Much of Asia and South America - two of the worlds big emerging markets of past years - have been introduced to the global economy. Singapore stands
as an example of how developing nations "ought" to manage their economic development. That country has provided a roadmap for other developing nations in how they can proceed with
the expectation of increasing citizens standard of living and joining the world economy to become a mature national economy. Singapore officially has been listed by the Organization for Economic
Cooperation and Development (OECD) as a mature economy since the mid-1990s. When it instituted the first of its five-year economic development plans in 1960, its economy was on par
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