International Management Essay Example | Topics and Well Written Essays - 2000 words

International Management - Essay Example It is very well known that, countries with weakest state of health and education are less susceptible in attaining economic growth than countries, which have prodigious access to health services and education. Among poor countries, those with an infant mortality rate between 50 and 100 per 1,000 live births have an average annual economic growth rate of 3.7 %, whereas those with an infant mortality rate greater than 150 have an average annual growth rate of only 0.1%. Needless to say poor health is a significant factor in the hindrance of a nation's economic growth and may have worldwide implications. An estimate has revealed that, each 10% improvement in life expectancy at birth is associated with a rise in economic growth of at least 0.3 to 0.4 percentage points per year, holding other growth factors constant. That brings us to the convention of globalization, which has the capacity in increasing knowledge and information, technologies, productivity mechanisms, and greater social and cultural interchanges. Building health and education programs, which cater all the need, will promote a sustainable and healthier society. Without such initiatives globalizations positive impact would not be realized. It is high time to admit that both private and public sectors have vital role in creating global interdependence that includes populations who are weak, poor and needy. Based on its highly effective health improvement and... It also plans to launch non-formal primary education to post-war southern Sudan. BARC today has emerged as a fundamental organization touching the lives of around 100 million people through a variety of program interventions covering health, education, nutrition, poverty alleviation and environment. Resources are unevenly scattered across the surface of Earth, and no country has all the resources it needs for survival and growth. Thus, it's a pre-requisite for each country to trade with others, and Earth is a world of increasingly global economic interdependence. Economy is largely dependent on the availability of advanced technology and investment capital. Local and world economies are interconnected to create networks, movement patterns, transportation routes, market areas, and hinterlands. Sweeping changes in the global economy pose greater challenges for developing nations such as Bangladesh and Guatemala, where, economic activities tend to be at a more basic level, with a substantial proportion of the population being engaged in the production of food and raw materials. Since, the concept of global interdependence has touched almost all the spheres, subsistence farming exists sometime with commercial agriculture. For instance, in China, a government-regulated farming system provides for structured production and tight economic links of the rural population to nearby cities. In Latin America and Africa, rural people are abandoning land and migrating to cities in search of jobs and economic prosperity. Economic activities are entirely dependent upon capital, labor, information, resources, power supplies and land. Patterns of industrial labor