A System For Developing Nations

The world has gone through a transition of world-systems over the past few centuries. From feudalism to socialism and from socialism to capitalism, the world experimented with many political and economic systems. Capitalism evolved from Europe and is now an economic system followed by even the third-world countries. Waller-stein has enumerated the characteristics of ‘modern-world-capitalist-system’. These characteristics state the positive points as well as the drawbacks of modern capitalist system. By seeing things with a rational approach, it will become obvious that the modern man has no better option than striving for a single world-system, namely, Capitalism.

By bringing the underdeveloped nations in the mainstream world-economy, the developed nations can play a positive role. By dealing with the shortcomings in the ‘modern-world capitalist system’ this wide economic gap between the developed and third-world countries can be bridged. As intercultural communication has increased, trade alliances are benefiting all partners alike. This has also heightened the demand for translation companies.

With human rights organizations playing their role to eliminate low wage labor, modern-world-capitalism is far less threatening than the already discarded world-systems. It is undeniable that a ceaseless accumulation of capital is the driving force of our New World-system, but there is always some room for reformation in any political or economic system. The world has become a global village, where different political and economic systems will prove to be a hindrance in development. Therefore, a single world system is the need of the hour. An translator working for The Marketing Analysts Translation Services Company maintained that the developed nations are heavily investing in the underdeveloped regions, e.g, Africa and some parts of Asia.

With the trend of global enterprises increasing with every passing day, it is evident that the underdeveloped nations will also claim their due share in the modern-world-capitalist-system. We need to understand that the previous world-systems equally exploited some segments of society. It isn’t easy to decide which system exploited people more than others. But it will be interesting to notice here, that all these world-systems failed for having many loopholes and were replaced by the modern-world-capitalist system.

Today even the most underdeveloped nations are part of the investment plans of global companies. In the African continent alone, thousands of jobs have been created so far due to foreign investments on a large scale. Today’s world-system has something to offer to everyone, notwithstanding their religion, ethnicity, caste or creed. As cross-cultural communication has reached its peak, the need for reputed translation agencies like The Marketing Analysts Translation Services is increasing.

Foreign Investors See Mozambique As A Land Of New Opportunities

mozambique-investment-opportunitiesMozambique is situated in South-eastern Africa sharing its boundaries with Malawi, South Africa, Tanzania, Zambia, Zimbabwe and Swaziland. Over the past several years, the country has undergone major macroeconomic reforms that have helped stabilize the country’s economy. As a result, foreign investments are being made by companies all over the world and the demand for translation services here has risen steeply.

While the bulk of the workforce continues to be in the agricultural sector, large foreign investments like the Mozal aluminum smelter has helped increase the country’s foreign exchange and work diversity. A Portuguese translator working for an Austin translation services company told us about the translation projects they receive due to economic growth in Mozambique. Since Portuguese is the official language of Mozambique, clients doing business with Mozambique typically require Portuguese to English translation or English to Portuguese translation of their documents.

Because of the natural gas reserves found in Mozambique, foreign investors are also concentrating on the exploration of new oil fields. According to foreign investors, there is a strong chance that Mozambique has large undiscovered oil wells.  As interest continues to build, translation services will be needed to help petroleum executives communicate with the local public and government officials.  Sometimes, it can be difficult for the investors to select the most suitable translation company for their unique needs. In cases like these, it’s advisable to consult an experienced The Marketing Analysts Translation Service or another highly experienced translation company.

Mozambique is a rising economic power in the African world. If the political and economic stability continue, economists predict that the country’s GDP will grow at an annual rate of 7.7%. Most recently, the economic sector of Mozambique has been heavily influenced with discoveries of natural resources like coal, salt, graphite, precious stones, marble, oil and especially the large reserves of natural gas. Foreign investors have been concentrating mainly on developing the industrial and energy sectors of Mozambique. Still the county’s infrastructure requires a significant investment. More roads, railway tracks and bridges need to be built to improve logistics.

The country has a lot to offer foreign investors. In a few years’ time, Mozambique will be one of the most economically strong countries in the African continent.