These manufacturing methods can be replicated by other businesses in the countries and improve their ability to manufacture goods. This improved ability to manufacture within the country and should lead to an increase in the GDP of the country. This will improve the trade and relations between the country and many others. Also in some cases these MNC's will invest in the infrastructure of the country. This will improve the trading process for not only the company, but also the rest of the country.
Similar to the ideal of our Nation, to increase education and accessibility to all, for our country is better when more people get degrees as our company is. To have any real sustainability as a company, education is a primary factor in the success, not just for the elite few, but also for the masses. The introduction of increased benefits in the tuition reimbursement program will send a significant message of respect and caring to employees. The application of the program will show benefits daily. What better to invest in
This will mean the population will have more money which will go into the economy, this will mean more income for improving infrastructure and services. Also as TNCs move to other countries, job opportunities increase which means that the quality of life will generally improve too. Another benefit would be that the status of an area would be raised; this may encourage investment by other big name Multi-Nationals and most importantly will improve the countries economy drastically as valuable export revenues will be earned. Most important, they will benefit from cultural exchange creating a cultural integration. LEDC countries do not benefit as much as MEDC countries do, for example, sometimes much of the employment is low paid, low skill, long hours, meaning that the countries do not develop economically or give the opportunity to develop their skills.
Furthermore, according to Jacobs, graduates such as doctors, teachers and engineers also can bring benefit to society. Finally, she believes that highly-educated people have a healthy body and lower crime rate. Discussion Jacobs’ argument that countries need more
Lastly organizations must all seek the greatest profits meaning nothing else but profits. When these conditions are meet which isn’t often, organizations can supply goods following their own self-interests in a predictable manner to the market. Suppliers utilize the demand curve to determine the amount of productivity and the right cost for the market. The requirement that all the firms are large ensures no organizations will be able to gain more than another. These types of conditions keep firms from monopolizing the market.
The Institute for Higher Education Policy says college graduates not only earn more and account for larger amounts of savings but also enjoy the benefits of higher education such as professional and personal mobility, leisure activities, and higher quality of life in addition to developing better culture, rationale, consistence, and becoming more open-minded. Going even further, research has proven people with higher education have lower smoking rates and better health, which is an indirect positive factor for any employer in terms of lower cost on health expenses, higher performance, and lower number of sick-days. Indeed, education is the benefit for the person who achieves it at first place, but these are so-called ‘secondary effects’, if can be worded this way; the real benefit is better knowledge, opportunities, and qualities that this person brings to the company. New professional opportunities for the company consist of many aspects, such as better communication abilities in speaking, writing, and public presentations (and lower costs of poor communication as the result), generally better
In the end, we achieve a true measure of the value we receive from college costs in higher education. People such as Daniel S. Cheever, Jr, question whether or not college is worth the money and if the individuals who continue their education will get the investment they spent on education in return with their work. However, as expressed above in Day’s book, studies have proven that there are better outcomes and a higher investment in a students’ success in life in return for college
Immigration contributes critically to the economy of the host country, either positively or negatively. This paper has argued that immigration should be encouraged in order to improve the host country’s economy because there are obvious benefits to the economy of the host country in terms of state revenue, the labor market, and country development. Although, some might argue that immigration leads to mass deportation, and an increase on border-patrol budget as well as a decrease in the wages of native-born, high-skilled workers. As discussed before, immigration increases gross domestic product and provide cheap services, enabling high-skilled, indigenous workers to focus on their work more, rather than doing domestic jobs, such as house cleaning. Moreover, immigrants create innovations, such as Google, and they increase the number of scientist in the U.S. As a suggestion, the host country should inspire companies to employ workers depending on their experience, so immigrants have a great opportunity to compete with the natives.
It can be measured or approximated rather, using GNP, Per capita income (PCI), income distribution measures, using the concepts of consumer’s surplus and producer’s surplus, etc. Estimation of welfare using GNP or PCI is considered, here, to be inefficient, because one cannot say welfare has improved when there is an increase in GNP or PCI. This is because the increase or change may be appropriated be some parties while others may even lose from their initial standard of living (i.e. the income gap between the rich and the poor may become wider while there is an increase in GNP or PCI, which will not reflect welfare improvement at the individual level). The other alternative is to approximate welfare using income distribution measures, such as poverty line, as a variable.
Innovative businesses also benefit the economy: delivering added value; high quality jobs; successful business; better products and services for customers; and new, more environmentally friendly, processes. Outside-In thinking Outside-in thinking is a