OHIO & DUBAI (Comparative Essay) in Business Research Paper

OHIO & DUBAI (Comparative Essay) in Business - Research Paper ExampleHowever, the economic prospects of Ohio today are quite unattractive and that this adversely affect investing or doing business in the state. This is reflected in a study conducted by Bo Carlsson (2002) wherein the firms in Ohio report a lack of regional venture capital firms as well as a lack of venture capital firms based stunnedside the state particularly those interested in Ohio-based startups. (p. 171) completely in all, the dismal business environment in Ohio can be seen in the economic activity, macrocosm trends, tax and real estate.There is an ongoing competition among US states for a share in investiture as they compete with each other in regard to which locale is able to provide the beat investment climate. In this landscape of escalating inter-state competition, selective interests within traditional industrial states sough to mobilize governmental powers and resources behind a dodge of inwards inve stment. In Ohios case, construction of an inward-led model of economic development consisted of three elements. According to Nicholas Phelps and Philip Raines, these are a set of economic and political interests that provided the social base for the strategy formal institutions dedicated to a particular form of economic development and, a framework for organize economic development practices. (p. 84) In Ohios economic history, it is clear that development came from the interconnection of these three elements. The first off involved the establishment of the Ohio Department of Industrial and Economic Development the second is the codification of the relationship betwixt State and private interests in the form of Ohio Economic Development Council and, the third involves the routine practices through which inward investment has been pursued as a policy for the last four decades. (p. 85)Today, however, one fact stands out for Ohio it is dramatically losing its competitiveness. Since t he twenty-first