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What is the vertical and horizontal integration and explain how it contributed to the economic development of the US?
Vertical integration refers to a company's control over multiple stages of production and supply chain, from raw materials to final product, while horizontal integration involves the acquisition of competing companies in the same industry to increase market share. Both strategies contributed to the economic development of the U.S. by fostering efficiency, reducing costs, and enhancing innovation. Vertical integration allowed companies to streamline operations and ensure quality, while horizontal integration led to monopolies and oligopolies that could dominate markets, driving economic growth and stability in various sectors. Together, they facilitated the rise of large corporations that significantly shaped the American economy during the Industrial Revolution and beyond.
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Why was OECS form?
The Organization of Eastern Caribbean States (OECS) was formed in 1981 to promote economic integration and cooperation among its member states in the Eastern Caribbean. Its primary goals include enhancing trade and economic development, coordinating policies on various sectors, and fostering regional stability and cooperation. By working together, member states aim to address shared challenges and leverage collective resources for sustainable development.
What are the 14 SADC countries?
The Southern African Development Community (SADC) consists of 16 member countries, not 14. These countries are Angola, Botswana, Comoros, Democratic Republic of the Congo, Eswatini, Lesotho, Madagascar, Malawi, Mozambique, Namibia, South Africa, Tanzania, Zambia, and Zimbabwe. The region focuses on regional integration and economic development among its members.
What is the function of OAU?
The Organization of African Unity (OAU), established in 1963, aimed to promote unity and solidarity among African nations, foster regional cooperation, and support decolonization efforts across the continent. Its primary functions included addressing issues of peace and security, advocating for political and economic integration, and promoting social and cultural ties among member states. The OAU also worked to defend the sovereignty and territorial integrity of African countries. In 2001, it was succeeded by the African Union (AU), which expanded its focus to include economic development and integration.
What causes integration?
Integration is driven by various factors, including economic, social, and political dynamics. Economically, globalization and trade can foster interdependence among nations, prompting integration. Socially, shared values, cultural exchanges, and migration can facilitate closer ties among communities. Politically, agreements and policies that promote cooperation and collaboration can further enhance integration efforts between regions or countries.
Why is integration bad?
Integration can be viewed as problematic when it leads to the erosion of cultural identities, economic disparities, or social tensions. It may cause marginalized groups to feel alienated or pressured to conform to dominant cultures, potentially undermining their unique traditions and values. Additionally, if not managed equitably, integration can exacerbate inequality, leaving some communities at a disadvantage in terms of resources and opportunities.
Who contributed to the economic development of the US?
a variety of people
What has the author Ralph I Onwuka written?
Ralph I. Onwuka has written: 'Development and integration in west Africa' -- subject(s): Economic Community of West African States, Economic integration
What has the author Rehabeam Shilimela written?
Rehabeam Shilimela has written: 'Monitoring economic integration in SADC, 2006/2007' -- subject(s): Southern African Development Community, Economic integration
What has the author Hesphina Rukato written?
Hesphina Rukato has written: 'Future Africa' -- subject(s): New Partnership for Africa's Development, Economic development, Economic integration, Democracy
How has the Nigerian Stock Exchange contributed to the economic development of Nigeria?
it his a form of rasing capital
What has the author Peter Robson written?
Peter Robson has written: 'Integration, development, and equity' -- subject(s): Economic integration 'Mountains of Kenya' -- subject(s): Mountains
What has the author F O C Nwonwu written?
F. O. C. Nwonwu has written: 'Millennium development goals' -- subject(s): Human rights, International economic relations, Economic integration, Sustainable development, Humanitarian assistance, Economic development, Social conditions, Poverty, Economic policy, Economic conditions
What has the author Felipe Herrera written?
Felipe Herrera has written: 'Vigencia del Banco Interamericano de Desarrollo' -- subject(s): Inter-American Development Bank 'Despertar de un continente' -- subject(s): Finance, Foreign economic relations 'Latin-American economic integration' -- subject(s): Economic integration, Economic policy 'Nacionalismo latinoamericano' -- subject(s): Economic integration
What is a benefit associated with regional economic integration?
A key benefit of regional economic integration is the facilitation of trade among member countries, which can lead to increased market access and economies of scale. By reducing tariffs and other trade barriers, countries can enhance competitiveness, attract investments, and stimulate economic growth. Additionally, regional integration often fosters collaboration in areas such as infrastructure development and technology transfer, further boosting overall economic development within the region.
Which technological invention contributed greatly to the settlement and economic development of the US in the late 1800s?
The railroad.
What has the author Patrizio Bianchi written?
Patrizio Bianchi has written: 'Le politiche industriali dell'Unione europea' 'Politiche pubbliche e strategie dell'impresa nell'industria europea del cemento' -- subject(s): Cement industries 'Famiglie' 'Industrial policy after the crisis' -- subject(s): Industrial policy, Economic development 'L' Europa smarrita' -- subject(s): Economic policy, Economic integration 'Industrial policies and economic integration' -- subject(s): Industrial policy, Europe, Economic integration, International economic integration
What has the author Arthur Hazlewood written?
Arthur Hazlewood has written: 'Nyasaland; the economics of federation' -- subject(s): Economic conditions 'Economic integration' -- subject(s): East African Community, Economic integration 'The development potential of the Usangu Plains of Tanzania' 'Rail and road in East Africa'
