ECONOMICS OF warfare Essay Example | Topics and Well Written Essays - 1000 words

ECONOMICS OF warfare - Essay Example Difference-indifferences estimator is used in econometrics to investigate how changes in variables in the environment affect the macroeconomics. Armed conflict is one of the factors that affect economic growth and development. A number of studies have been carried to establish the adverse effect of armed conflict on the economy of a nation. The researchers have been using the difference-in-differences idea to try to understand the significance of armed conflict on the outcome of an economy (Wooldridge, 2009). Armed conflict has serious economic implications. Historically, wars have destroyed economies that were robust and were promising. The world wars were unfortunate occurrences that brought the world economies into an economic crisis. Although most countries recovered for the fiasco, conflicts persist especially in African countries. Rwanda is one of the countries that were worst hit by armed conflict. The enmity between the Hutu and Tutsi saw the world witness one of the deadliest genocides. The two ethnic communities fled their country to go and seek asylum in neighboring countries. Property was destroyed. Lives were lost. Consequently, the within a short period, the country’s economy was on the verge of being bedridden. Intervention from the international community and other humanitarian agencies mitigated the conflict that had threatened to escalate to uncontrollable levels. Due to the intervention, salinity was brought in the country. Development partners and non-governmen tal organizations flocked the state with an objective of aiding them recover from the aftermath of the armed conflict. Furthermore, Rwanda became a case study of economists who started investigating the implication of the War on Rwanda’s economy. The World Bank is among one those development partners that examined the impact of the event. Researchers of the study used the

MODERN ORGANISATIONAL CONTEXT Essay Example | Topics and Well Written Essays - 1750 words

MODERN ORGANISATIONAL CONTEXT - Essay Example Moreover, I feel that the increase in the credit facilities coupled with decreasing interest broadened the market for the firm, as more people could not easily afford a car. As per Barney and Hesterly (2005), in addition to that, the working population has increased as more women have entered the working sector and many are working and studying simultaneously. This has increased the purchasing power of the customers and sales have increased because of it. However, I feel with the increasing working population, the demand has increased along with the competition (Gourlay, 2001, pp. 27-46). As per Ahrens (2010) this means that consumers have more choice and have become much more demanding. Moreover, in countries like India for instance the middle class expands every year by 30-40 million people, which in turn means more people now demand cars in these countries. Today, moreover, the consumers are being offered car loans on easy instalments, which make a positive impact on the sales of Toyota. Additionally, explain Berzon and Khan (2010), the prices of raw materials and petrol have increased which affects the price and thus the sales of Toyota products. These economic conditions play an important role in the increase of sales on Toyota. These conditions have of course affected the strategies of Toyota. With the economic crunch especially in the USA, the firm was proactive and aimed to increase its sales in developing China and India where the crunch was less prominent. The global strategy adopted by the firm worked positively. Additionally. When the economic conditions in the USA lowered the purchasing power of the consumers, the firm changed its strategy and started production of smaller and cheaper cars. Lastly, Jensen (2010) explains that with the increasing prices of the raw material, the firm resorted to the hybrid variety of cars, which reduced the prices increasing the sales. Thus I feel that Toyota altered its strategies very smartly as per the changing ec onomic conditions with the result that even with a global economic crunch, the firm had little effect on its sales (Kane, 2010). Berzon and Khan (2010) explain that the social aspects include the changing trends, the smarter consumer in terms of being more knowledgeable regarding product information. Kane (2010) adds that the customer can now use the internet to know about the number of Toyota recalls in any part of the world, the latest technology available, the new models, price comparisons, product features and much more. The consumer has become more knowledgeable and thus firms cannot fool them with smart and deceptive advertising. Also, Gourlay (2001, pp. 27-46) add that the consumers are becoming more demanding with globalisation, as there are many more products available in the global market. The consumer has now become more fashionable and seeks comfort. Thus Toyota needs to cater to both these social aspects. Ahrens (2010) adds that tradition, culture and the customers in t he respective markets have to be studied before the firm can design a car. Jensen (2010) explains that for instance, in India, the drivers are right hand drivers, thus the cars have to be designed differently for the market. In the US there are more left-hand drivers. Kane (2010) adds that colour preference, design and accessory preference varies from market to market and thus the firms have to cater differently to them. This means that Toyota has to change its traditional lean