This paper looks at the possibilities of Western multinationals to efficiently and effectively relocate research and development to emerging markets. In order to exemplify the findings, we will use the case of Danish pharmaceutical company Novo Nordisk and their approach to the Chinese market....

Various models of economic growth, addressing the growth trends of country\'s economy, production, population and other structural objects are focused on the mathematical description of growth rates, taking into account the initial state of the object. One of the solutions to the capital growth...

Productivity growth is a fundamental means for society to improve its living standards. Productivity growth comes from technological change (new ways of producing goods and services) and better organisation of production (better ways of using available resources given available technology). Both...

This paper provides a brief overview of economic thinking about the capitalist system. The clash between defenders and detractors highlights the system’s strengths and weaknesses as well as possible improvement vistas. As pro- and anti-capitalist theories are examined and compared against real...

Foreign Direct Investment (FDI) acquired an important role in the international economy after the Second World War. Theoretical studies on FDI have led to a better understanding of the economic mechanism and the behavior of economic agents, both at micro and macro level allowing the opening of...

In a world characterized by change, stress at work is a major challenge to workers’ health and to the success of their organization. If to this pressure of changing environment is added the pressure from the working environment caused by improper sizing of work, insufficient control over...

In this work-paper we have analysed a separate chapter of tourism’s sustainable development, namely development strategies. Given the economic, social and political importance in tourism, and also the overall contribution to the development of a region, we considered that a distinct approach...

Transnational corporations today are proving to be an important driver of the world economy. In turn, companies that offer mobile communications services have become important means to build bridges between people and between companies, regardless of their location. To maintain optimal...

Rare radio-isotopes can give valuable information in different scientific areas, from medicine to cosmic rays studies. This is the reason why Accelerator Mass Spectrometry (AMS) has been developed to perform analyses at highest sensitivities, able to detect radio-isotopes concentrations where...

A modern and dynamic society cannot be built on a classical, unidirectional educational system. A modern engineer should have the ability to work with other specialists, in a common language in order to develop complex projects. This is why interdisciplinary relationships are so important in the...