Final exam, answer question Essay Example | Topics and Well Written Essays - 4500 words

Final exam, resultant question - Essay ExampleExternal controls are the constraints of the companys agitate trade such as governing laws of firing or hiring an employee, minimum wage requirements, and fixed working hours of an employee (Clift, 2014). Therefore, the degree of the labor market flexibility of a company is inversely correlated with the flexibility of external labor controls. For example, problem organizations located in the countries with strict external labor laws can have decreased labor market flexibility. Labor deregulation proponents recommend that if the labor market, flexibility is high then levels of unemployment will decrease, and the company experiences long-run productivity.A developmental recite concerns in guiding economic growth and development and proper aim of countrys resources to meet the citizens needs. It tries to stabilize social development and economic growth. A developmental state exploits all countys resources and workouts national influ ence to eradicate poverty and create economic opportunities. A developmental state is effective to all countries because it shapes the economic structures and outputs of the countries (Clift, 2014).Different nations use various policies and instruments in states including the regulations of commerce and trade, the use of monetary and fiscal policies, the redistribution of possessions and incomes and direct ownership of key companies state (Low, 2004). For example, in South Africa, they have attached to build a developmental state that will guide the economic development efficiently through and through mobilizing societys resources and directing them in attaining their common goals. The country provides health care, education, social safety and house to the needy poor people. The developmental state also builds a strong community service, supports the development of belittled businesses, creates a friendly