BUSI 604 Key Term Developing Nations

Topics: Human Development Index, Developing country, Developed country Pages: 1 (1353 words) Published: February 8, 2015
Key Term and Interest
For this week's discussion board, the student has chosen the key concept "developing nation" to research. The student was particularly intrigued to learn more about how these developing nations have succeeded with small businesses within their countries, as well as learning more about how much these nations are behind in economic, technological, and education growth. In this discussion, the student will also discuss the standards and motivation of the workforce of developing nations in comparison to developed nations. Explanation of Key Term

The key concept “developing nation” is the term used to describe a country with a low level of material well-being. A developing nation is also considered to be a third world nation, where poverty and disease run rampant, education is nearly nonexistent, and life expectancy is very low (Satterlee, 2009, pg. 88). Along with that explanation, developing nations also typically have a Human Development Index of less than 0.5 according to the Human Development Reports office. In comparison to developed nations, the population growth of developing nations is very high, with about two-thirds of the world's population stemming from developing nations. Major Article Summary

In conducting further research on developing nations, the student focused more on learning about educational growth in these nations, which also had an impact on the business and technological growth in them as well. In an article written by Rossana Patron, titled “Public education in developing countries: Cost-effectiveness of education policies and endowments growth”, it was brought to light the inflow of new workers being dominated by unskilled labor due to high incidence of early dropouts in primary and secondary education (2011, pg. 329). Developing countries also suffered a higher rate of poor performance at fundamental levels of education, due to low quality educational standards being taught. This is turn caused a higher rate...

References: Dahlman, C. (2014). Industrial Development for the 21st Century. Technology, globalization, and international competitiveness: Challenges for developing countries. Retrieved from http://www.un.org/esa/sustdev/publications/industrial_development/1_2.pdf
Fayerweather, J. (2014). International business in developing nations. Retrieved from http://www.jstor.org.ezproxy.liberty.edu:2048
Jansen, M. (2010). The Journal of International Trade & Economic Development. Developing countries, standards, and the wto. Retrieved from http://rx9vh3hy4r.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info:sid/summon.serialssolutions.com&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Developing+countries%2C+standards+and+the+WTO&rft.jtitle=Journal+of+International+Trade+%26+Economic+Development&rft.au=Jansen%2C+Marion&rft.series=Journal+of+International+Trade+%26+Economic+Development&rft.date=2010&rft.pub=Taylor+and+Francis+Journals&rft.issn=0963-8199&rft.eissn=1469-9559&rft.volume=19&rft.issue=1&rft.spage=163&rft.epage=185&rft.externalDocID=tafjitecd_v_3a19_3ay_3a2010_3ai_3a1_3ap_3a163_185_htm¶mdict=en-US
Kelly, B., Lewthwaite, S., & Sloan, D. (2014). Developing countries: developing experiences: approaches to accessibility for the real world. Retrieved from http://delivery.acm.org.ezproxy.liberty.edu:2048/10.1145/1810000/1805992/a3-kelly.pdf?ip=
Krugman, Obstfeld, & Melitz (2012). Chapter 5: resources and trade: the hecksher-ohlin model. Retrieved from Pearson website: http://econweb.tamu.edu/aglass/econ452/Krugman05Slides.pdf
Patron, R. (2011). The Journal of International Trade and Economic Development. Public education in developing countries: cost-effectiveness of education policies and endowments growth, 20(3), 9. Retrieved from http://rx9vh3hy4r.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info:sid/summon.serialssolutions.com&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Public+education+in+developing+countries&rft.jtitle=The+journal+of+international+trade+%26+economic+development&rft.au=Patron%2C+Rossana&rft.date=2011&rft.pub=Routledge&rft.issn=0963-8199&rft.eissn=1469-9559&rft.volume=20&rft.issue=3&rft.spage=329&rft.epage=337&rft.externalDocID=663322022¶mdict=en-US
Satterlee, B. (2009). Cross border commerce. Virginia: Synergistics.
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