LASAApplying Cultural Theoretical Approaches Coursework

LASAApplying Cultural Theoretical Approaches - Coursework ExampleStable countries have more(prenominal) elites hence an expanded consumer pool than unstable ones. Governments oriented to upgrading the lives of their citizens create business environments in which foreign investors back tooth venture into hence building the economy. It is evident that the best economies reside in countries with good governance and country (Hwang, Seiler & Seiler, 2005).The legal framework of a country determines its position scotchally. Rigid retrogressive legal frameworks derail investments and uncase a country of economic growth. States with suitable legal frameworks benefit from revenue generation from investment and spend a penny better economic growth. The flexibility of the social and cultural trends of a given population determines the ease of prospect up investment projects within the population. Some cultures atomic number 18 so primitive and cannot fit in the contemporary economic com petition. For instance, a culture that prohibits raising of one gender is retrogressive and fails to discover the potential of education for all. Such populations remain economically poor while those accepting change enjoy massive economic gains (Telycote, 2008).Some economies are more endowed than others through various ways. Developed nations are endowed with bonny technologies, better infrastructures, and education while less developed ones lack or enjoy limited of these. Others are endowed with huge riches in minerals and agriculture. Such endowed economies enjoy better economies while the quietus languishes in poverty. Technological advancement is another aspect of the global economy of today. Developed countries possess delicately technologies useful in driving their economies forward. Such countries are making huge revenues from such technologies, and they are as well able to solve various economic challenges.In the last decade, global warming has been the topic with so me(prenominal) catastrophic effects felt on several