economic responsibilities

Jul 7th, 2016
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This assignment describes both similarities and differences with the most relevant examples of the differences between developed and developing economies

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Economic responsibilities to developing and developed countries.Economic responsibility can be defined as the act of being in charge of something for example theU.S economy can be charged with being in charge of fighting terrorism in the world so as to maintainpeace since it has a strong economy enough to finance military operations and its economy is wellstructured and developed.Talking of the similarities and differences of economies of developed and developing countriesbelow are some of the issues of major interest.Similarities1. TerrorismBoth economies in developed and developing countries participate actively in helping in thefight against the world which is a major concern all over the world. Terrorism has diverseeffects all over the world raging from short term effects such as it instantly affects the airlineindustries, tourism all over the world especially the economies affected at first hand andalso it affects the financial markets. On the other hand it also has long term effects forinstance it may affect how we manage our businesses in the near and diverse future hence itdemands for a consisted, comprehensive and coordinated international response based on

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