21Nov 2018 by admin

Importance of the Import Substitution Industrialisation Strategy in Latin America

Industry
Import Substitution Industrialisation (also called ISI) is a trade and economic policy based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialised products.The term primarily refers to 20th century development economics policies, though it was advocated since the 18th century United States.Adopted in many Latin American countries from the 1930s until the late 1980s, and in some Asian and African countries from the 1950s on, ISI was theoretically organised in the works of Raul Prebisch, Hans Singer, Celso Furtado and other structural economic thinkers, and gained prominence with the creation of the United Nations Economic Commission for Latin America and the Caribbean (UNECLAC or CEPAL). Image Source: d3n8a8pro7vhmx.cloudfront.net ADVERTISEMENTS: Insofar as its suggestion of state-induced industrialisation through governmental spending, it…
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21Nov 2018 by admin

1298 Words Essay on the Second Green Revolution

Industry
Despite the burgeoning development of industry and services in India, agriculture remains the mainstay of our economy. It contributes about 20 per cent of the Gross Domestic Product (GDP) and provides employment to 65-70 per cent of the country’s total population. It also accounts for about 14 per cent of India’s total export earnings, besides providing raw material to a large number of industries. It is a major source of domestic saving and, by and large, the only means of food security for the nation.The performance of Agriculture Sector has not been up to the mark in the recent years. As against the target of annual growth of 4 per cent during the Tenth Five-Year Plan (2002- 07), the growth of agriculture was -6.9 per cent in 2002-03 because of…
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21Nov 2018 by admin

Travel Motivations can fit well into Maslow's Hierarchy of Needs Model

Marketing
A review of the travel literature reveals that travel motivations can fit well into Maslow’s hierarchy of needs model (1943). The model suggests that lower needs in the order of hierarchy warrant priority attention and satisfaction – Maslow’s idea of prepotency. The hierarchy of needs proposed by Maslow can be represented as under:1. Physiological – hunger, thirst, rest, activity2. Safety – security, release from fear and anxiety ADVERTISEMENTS: 3. Belonging and love – affection, giving and receiving love4. Esteem – self-esteem (the need to exhibit strength, achievement, mastery, competence, and independence) and esteem from others (described by notions such as reputation, prestige, status, and recognition) Image Source: heartofavagabond.com5. Self-actualization – personal self- realization ADVERTISEMENTS: From the above list it is clear that the needs are mainly psychological in nature except…
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21Nov 2018 by admin

1518 Words Essay on Migration of Population to Urban Areas in India

Industry
When India achieved independence in 1947, about 80 per cent of its population lived in rural areas. Today, over 60 years afterwards, this percentage has fallen by around 15 per cent, and now, about 65 per cent of the country’s population lives in villages. Evidently, there has been a migration of people from rural areas to urban and semi-urban areas. In terms of the number of people such migration has been of a very high magnitude. In 1947, India’s population was about 33 crore, of which about 8 crore occupied the cities. Today, the country’s population is nearly 107 crore, and those living in cities number about 30 crore-nearly the entire number of people at the time of independence.Such a heavy migration has impacted India’s socio-economic structure in various ways.…
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21Nov 2018 by admin

1270 Words Essay on India's Intelligence and Internal Security

Strategy
Geographically, India is placed in between hostile Pakistan to its West and not too friendly Bangladesh, Myanmar and China to its East. Regular terrorist activities targetted by Pakistan against India have made it necessary for India to be always on guard and develop fool-proof intelligence and internal security system. India’s new government has prioritized intelligence in its agenda and conceptualised policy formation and implementation diversities for the country’s safety and security.The ever-increasing security concerns and the greater reliance on intelligence are the offshoots of a host of causative factors. New and complex manifestations in the nature of security threats, states resorting to low-cost option of covert actions to achieve their objectives, abundance and accessibility of lethal weapons, availability and accessibility of lethal technology, quick and easy trans-national mobility, low efficacy…
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21Nov 2018 by admin

1212 Words Essay on Science in the Service of Man

Industry
The gifts of science can be felt in every walk of life. Its services to humanity are immiscible. Science and its wonders appear to be unalloyed blessing. It impacts can be felt in all spheres of life, namely health care, education, communications, agriculture, industry, etc.It has made our life longer, easier and comfortable. Moreover, it has brought about a change in our outlook. Undoubtedly, science has revolutionised our life. Practically, no field of our activity is untouched by the impact of science.The phenomenal development of modern technology and the spectacular successes of researchers in various branches of science are the bases of all those remarkable things which have sprung from the brains of our scientists. In fact these brains are the perennial source of the miraculous wonders which appeared in…
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21Nov 2018 by admin

Short Essay on Tourist

Industry
The word ‘tourist‘ is believed to have been stemmed from Latin word ‘TORNUS’ which means a tool for describing a circle or a turner’s wheel. In the sense of the word of origin, tourist is a person who undertakes a circular trip, i.e., ultimately comes back to the place from where he sets about his journey.As late as 1643, the term was first put to use for describing persons travelling from place to place, effecting an excursion, performing a journey and during the course of that visiting a number of places in a region or in an order. In the 17th and early 18th century, the English, the Germans, and others travel on a Grand Tour of the continent came to be recognized as tourists.Around the early nineteenth century, the…
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21Nov 2018 by admin

3 Important Elements of Tourism

Industry
The model comprises of three basic elements are as follows: Elements (1) Tourists: The tourist is the key player in this system. Tourism, in fact, is a human experience, enjoyed, anticipated and recalled by a lot as a historic and/or life time aspect. Therefore, defining the tourist and its classification turns out to be equally relevant. Image Source: i.huffpost.com (2) Geographical Elements: Leiper describes three main geographical elements in his system’s model. These are: ADVERTISEMENTS: (i) Traveller-generating region(ii) Tourist destination region(iii) Transit route region ADVERTISEMENTS: The traveller-generating region (TGR) exemplifies the area breeding markets for tourism, and practically acts as the ‘push’ force to motivate and stimulate i.e., set off and encourage travel.It is this region where the tourist tries to seek information, goes for reservations and makes the departure.…
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21Nov 2018 by admin

What is the difference between Inward and Outward Development Strategies in Latin American?

Strategy
Structuralists led by Raul Prebisch, Celso Furtado, Anibal Pinto and H.W. Singer distinguished outward and inward directed development strategies.Till the 19th Century, resource-based exported development strategy was the dominant feature of all the Latin American economies. This strategy was explicitly titled towards forging international trade links on a comprehensive scale. In the first three decades of 20th Century, however, it began to lose its momentum.In the first place, the First World War affected adversely their exports, disrupted their supply of essential imports mainly on the account of blocked trade routes. Second, the ‘Great Depression’ of 1930s gave another serious blow to the export earnings of most of the Latin American countries. ADVERTISEMENTS: Forced by unprecedented circumstances, these countries marked a shift from outward-oriented commodity export based development strategy to inward-looking…
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20Nov 2018 by admin

Essay on the prospect and retrospect of privatisation in India

Industry
Privatisation is only a modern name assigned to the concept of laissez-faire advocated by Adam Smith and other classical economists. But in the environment of mixed economy, it has a new significance.The world economists have adopted it as a tool of new economic prosperity. It is expected that the new liberal era of industrialisation will open a new chapter in the field of productivity, efficiency, cost consciousness, competitiveness and management. The participation of the private sector in the development process is not an option; it is an essential requirement of development.Earlier private enterprises which got into financial difficulties were taken over by the government in most of the countries. Now the policy has completely changed. Public enterprises which got into financial difficulties are transferred to a private agency. Image Source:…
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