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| Topic: |
Business
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| Number of pages / Number of words: |
16 / 4273 |
Essay's paper body
Thus, the modern day large corporations are often larger than nation states. Rich individuals own and command resources that are unfathomably large, often larger as compared to smaller/poorer nations. With great power (and size), comes great responsibility.
The second is the gradual shrinking/withdrawal of state from hitherto "social" areas of development...
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This started initially with the fall of communism as an ideology. The second phase was marked by opening up of the economies of many developing and poor countries and the shrinking of revenues of the state. Hence the big organisations which were seen as owners of huge resources were expected to step into the vacant space...
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General points of the essay
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