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The first ever industrial revolution started in world, made labor and raw materials the key issues of its development. In the same way, the technology-led information and knowledge-based economic world is now centering its whole intellectuality on intellectual property, which is a generic term that refers to intangible objects like copyrights, potent etc. In the new world economy of knowledge, ideas, access to creative works, ownership, scientific knowledge and ...
Infrastructure is one of the prime movers of any economy in the world. The wheels of infrastructure are needed for an economy to roll on, without which the industries and businesses that power the economy will come to a grinding halt. A shortfall in the availability of transport, logistical facilities, energy etc. to run the industrial juggernaut, will lead to catastrophic problems for any country, more so, in the case of the developing countries, which have very ...
Empirical evidence suggests that globalization and trade openness have contributed significantly to the economic growth and development of many countries across the globe. During the period 1980 to 2002, there has been a spectacular increase in the world trade volume: nearly a threefold increase. Technological revolution ad the resulting decline in the cost of transport and communication have led to greater integration of the global economy. Reduction of trade ...
The World’s resources are being continuously consumed at an increasing pace and the destruction of the natural resources and environment as a consequence are also increasing at a fast pace. This unchecked use of natural resources has led to wanton environmental degradation and pollution. In recent decades, the pollution of the natural environment has gathered pace and the environmental conditions have worsened further. This has led to degradation of soil, ...