Category Archives: Essays on Business

Labor Outsourcing and Economic Globalization

The term “outsourcing” gained widespread acceptance during the turn of the 21st century when the control of public services was turned over the companies for economic reasons Private companies were hiring employees on a contractual basis to save money on benefits that are paid to regular employees. Outsourcing is both domestic and foreign contracting and sometimes includes shifting the entire business with machinery and equipment to some other country. Monetary gains or savings from lower labor rates is the biggest economic motivation for off-shoring.  To earn the best grades in your Project Report-Research Papers you should choose an academic writing service that will meet your best writing needs.

Knowledge Management in Saudi Arabia

The economy of Saudi Arabia is based on its oil exports because it is the leading producer and exporter of crude oil and other petroleum products. Oil exports constitute 90% of the country’s exports and around 75% of public sector revenues. Knowledge management and sharing are obviously concerned with the improvement and dissemination of expertise in the oil production and export sector.   The Saudi Public Sector recognizes the fact that for its continued growth, expansion, and progression the implementation of “Knowledge Management” is essential. Employees working in the private sector are better paid than those working in the public sector. This means that public sector employees will either resign to work for private organizations or take early retirement.

Kibbutzim: Example of a Socialist Economic System

A very good example of the social economic system is the “Kibbutz” system in Israel which stands out as the most successful participatory system that has been tried to date. The Kibbutz is a collective community in Israel that had its inception in collective agriculture in 1909 prior to the formation of Israel. Currently, besides agriculture, the kibbutz system has spread to another form of economic activities predominantly high tech enterprises and industrial enterprises. Because Kibbutzim is derived from socialist philosophy it is in contrast to the ideals of capitalism. This is a voluntary collective community in which a single person does not own the kibbutz or any income derived from its activities.

Investing in Argentina

Argentina received substantial Foreign Direct Investment because of economic stability, Mercorus membership and a rapid re-entry into international capital supported by policies to convert foreign debt into capital. This also included special motivation and encouragement for foreign investors and inducements for the automobile manufacturing. The privatization of public sector companies in the country also helped foreign investment. The massive increase in the prices of commodities made the government modify its tax structure. The main sources of financing for firms in Argentina are the banks, equity markets and private and public financial institutions.