Thursday, 5 November 2009

Question for Nov 5

Analogy:
The X Effect

Points of the Analogy:
1. The analogy links the economic success of _____'s financial services industry (especially around _____'s capital city) to the success of X.
2. The basis of the analogy is that X is highly successful despite the lack of strong native competition.
3. The analogy is typically used to spark a debate over whether domestic ownership of an industry matters if foreign ownership and increased global competition (as a result of easing foreign ownership restrictions) benefit the host economy.

Example of Usage:
The analogy is used in discussing Business Process Outsourcing (BPO) in India.

Identify X.

Hint: The colours in the visual hint to X.

3 comments:

Rahul said...

Is the country Ireland? I dont know X

Nikhil said...

I'm thinking of The Bahamas. Didn't look at the hint...

The Answer said...

X = Wimbledon

Hint : Green and purple the traditional colours of Wimbledon.

The Wimbledon Effect stems from the fact that the All England Lawn Tennis and Croquet Club (Wimbledon) is a big boon for UK's economy, in spite of the lack of British Wimbledon Champions in recent times. Andy Murray may put this analogy to bed in the near future.

Alas this one went unanswered. Good attempts Rahul and Nikhil.