Economy Argumentative Essays Samples For Students

Inflation is the continuous increase in the general price levels of commodities in the economy over a period. It is identified with the market fall of the value of money in a particular economy. This recurring price increase erodes the purchasing power of money creating economic distortions and uncertainty (Sargent 2002). Inflation may also be described as a sudden increase in supply of money in a given economy. This results to each unit of currency buying fewer commodities thus a reduction in the purchasing power per unit of money. It can also be viewed as an increase in the supply of money at a rate ...

There are numerous global challenges in the current world. The enormous increase in population growth faces different contradicting opinions. There are worrying levels of poverty and struggle for resources doomed to increase if population growth is not controlled. On the other hand, increase in population growth is speculated as a chance of increase in innovation.

Analysts speculate that the world’s population will increase with a billion people in the next decade if the current population growth carries on. There are various perspectives regarding the issue of population growth. Different people ...

In 21st century globalization has touched all aspect of business, economy, trade, and government system. Globalization altered the way businesses were operating and governments were handling international relations. Experts have different opinion on globalization, few consider that globalization has reduced the power of nation state because of global capital. Some experts said that nation-state is still powerful, and adopt changes developed by globalization. This paper intends to discuss the impact of globalization on nation states, and how globalization reduced the power of the state.

Fundamentally all countries across the world have become the part of global transformations. Capital, products, ...

The debate on college internships has raised contrasting views over the years. There are those proponents of college internships who believe that internships form the basis of a good career since they mould students and help them transition from class to the practical and professional world. However, some people argue that internships cause more harm than good to most students. Despite the rush for internships by many college students, it is important to note that internships are not necessarily the basis of success. College internships should be optional to students because students have different backgrounds and plans for their future.

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Introduction

The debate on college internships has raised contrasting views over the years. Some internship supporters believe that internships form the basis of a good career since they help students in transition from classes to the practical and professional world. However, some people argue that internships cause more harm than good to most students. Despite the rush for internships by many college students, they are not necessarily the basis of success. College internships should be optional to students because students have different backgrounds and plans for their future.

According to Jennifer Halperin, Internship colleges are those that do not offer payment. ...

Internships are commonly seen as a crucial stepping stone for college students or recent graduates seeking to enter the professional world. Interns can gain professional skills and experience that can be difficult to access otherwise, hence preparing for future work challenges. However, unpaid internships that become increasingly common in many industries can have adverse effects on both individuals and society at large. Although unpaid internships may initially appear attractive, research shows that unpaid internships don’t adequately prepare participants for long-term employment. Therefore, their potential drawbacks should not be taken lightly by students and young adults who consider taking this path.

An analysis of survey data from spring 2019 revealed the value of internship opportunities for students transitioning to the job market. Significantly more individuals who completed a paid internship landed a job before graduation compared with those who had unpaid experience (63% vs. 37%). In fact, over one-third more people without any internships got jobs than their peers in similarly situated scenarios. Unfortunately, many organizations use unpaid interns as cheap labor, and this practice can have harmful effects on the labor market by setting low expectations or standards. Despite feeling like it is essential at times to secure internship experiences during college years, there should be no expectation that compensation must be forfeited in order to gain some skills and knowledge that might (or might not) be essential for future success.

Unpaid internships are an unfortunate reality for many, limiting the earning potential of interns down the line. It is particularly pervasive in fields such as education, arts, humanities, and health sciences. In these fields, students are especially exposed to the pressure to obtain the first necessary experience whatever it takes (National Association of Colleges and Employers, 2011). However, this means that when they later get employed, their starting salaries tend to be lower than those who had paid internship experiences or even no prior internships at all (Perlin, 2012). As a result, those who accept unpaid or low-paid internships face long-term disadvantages when attempting to attain a better salary at their next job. This happens partially due to a lack of negotiation power from students undervaluing themselves during unpaid placements initially. Ultimately, it is paramount that individuals recognize they do not need to settle for a depreciated experience in order to secure valuable work knowledge within their respective fields.

Unpaid Internships May Have a Long-Term Negative Impact on the Economy

Unfavorable economic conditions may have some organizations turning to unpaid internships as a source of inexpensive labor. However, this contributes significantly to the negative trend of unpaid workers in our economy. Furthermore, research reveals that while paid internships often lead to full-time employment opportunities, only 1% of interns working without pay ever attain secure jobs with their experiences. Therefore, it is important for people considering an unpaid internship opportunity to take into account the likelihood of not merely being retained after completion but also getting reasonably paid employment thereafter. Also, within a larger economic context, such a practice may provoke wage stagnation.

Furthermore, unpaid internships create an unfair dynamic between employees and employers, potentially leading to the exploitation of young workers. By denying wages and job security to interns, organizations benefit from maximizing their profits at the expense of those attempting to build skillsets for future employment opportunities (Shellenbarger, 2009). Such unethical practices result in job insecurity among vulnerable segments of the population and demonstrate how unpaid internships disproportionately benefit employers at the expense of people receiving no monetary compensation.

Unpaid Internships Promote Discrimination

Unpaid internships can contribute to a cycle of discrimination against people from economically underprivileged segments of the population. The thing is, individuals without the means or opportunity to work in big cities and towns are largely unable to take advantage of the opportunities unpaid internship do offer (Intern Aware, 2013). This perpetuates inequality within certain businesses and organizations due to unequal access across socioeconomic backgrounds. It is important for companies that their interns receive equal treatment regardless of financial circumstances.

In turn, employers who favor providing unpaid internship opportunities put forward a variety of compelling arguments. First of all, they view such arrangements as a type of educational environment that gives interns the same learning experiences found in academic settings but with more hands-on tasks. This might be highly beneficial to interns while not replacing nor impeding existing employees or work operations. Secondly, employers claim that although training may provide useful knowledge and skillsets for individuals, it doesn’t necessarily lead directly to organizational improvements. Finally, employers contend that employee training does not support organizational activities and can sometimes obstruct companies’ operations (U.S. Department of Labor Wage and Hour Division, 2010). These arguments hold weight but, unfortunately, highlight the potential for unpaid internships to further widen the socioeconomic divide, proving adverse effects on the entire society.

Other Arguments Against Unpaid Internships

Unpaid internships can be a cause of financial distress for students. Since they are not receiving any form of compensation, they would have to rely on their parents or other external sources to finance their expenses. This financial burden may cause them to take on additional part-time jobs that can negatively affect their academic performance due to a lack of time and energy.

Unpaid internships can create an unfair advantage in the job market by allowing interns with more money to gain access to certain positions unavailable for lower-income candidates. For example, wealthier students can pay for expenses related to unpaid internships, which creates an unequal playing field.

Companies offering unpaid internships often exploit employees by taking away their rights as workers. Interns are typically expected to perform tasks similar in scope and complexity to those performed by full-time staff. Yet, they mostly don’t have any formal contract or protection from labor laws, such as minimum wage and overtime pay requirements.

Unpaid internships can be detrimental for both parties involved since they will give students little motivation or reward for their hard work and dedication while providing companies with free labor that could be used productively elsewhere. In turn, demotivated interns may perform their duties inadequately and harm the company’s productivity overall.

Offering unpaid internships may hinder companies’ ability to attract talent over time due to their negative perception among potential applicants. Best-qualified candidates may be discouraged from pursuing these opportunities out of concern that they won’t receive adequate compensation for their skillset, thus hurting a company’s competitiveness over time since there is a limited pool of talented candidates available for recruitment.

Conclusion

Organizations have increasingly adopted unpaid internships as a cost-saving measure, which has become the ‘new normal’ since the last economic recession – something which shows no signs of slowing down any time soon. This trend is likely to continue in the future, and employers are legally entitled not to pay interns if they don’t see value added by them. Nevertheless, companies should not rely on such a simplistic approach when it comes to compensating interns. Rather, they should exercise discretion on an individual basis when considering whether to remunerate their interns or not. On the one hand, this may help draw more potential job seekers. On the other hand, this might encourage greater engagement among existing interns in terms of increased interest and enthusiasm for their roles.

It is fully understandable for employees to deem interns as not adding any value and consequently decide against remuneration. However, employers must observe the respective merits of individual interns in order to properly identify those who make positive contributions. These productive workers ought to be given appropriate recognition through some form of gratuity or compensation. After all, it’s important to remember that while unpaid internships may have become socially acceptable in some circles, “work without pay” basically equals slavery.

Work Cited

Intern Aware. Why unpaid internships are bad for society. March 2013. Web. 13 March 2014.

http://www.internaware.org/why-unpaid-internships-are-bad-for-social-mobility/

National Association of Colleges and Employers. Unpaid Internships: A Clarification of NACE

Research. http://www.naceweb.org/s10162013/paid-internship-full-time-employment.aspx

Perlin, Ross. Intern nation: how to earn nothing and learn little in the brave new economy, 1st ed. Brooklyn, NY: Verso Books, 2012.

Shellenbarger, Sue. “Do You Want An Internship? It’ll Cost You”. The Wall Street Journal. 28, Jan. 2009. Web. 13 March 2014. http://online.wsj.com/news/articles/SB123310699999022549?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB123310699999022549.html

U.S. Department of Labor Wage and Hour Division. Internship Programs Under The Fair Labor Standards Act. April 2010. Web. 13 March 2014. http://www.dol.gov/whd/regs/compliance/whdfs71.pdf

Impact of Government Policy on Business Industry

Impact of Government Policy on Business Industry
The government makes laws and regulations touching on every single aspect of people’s lives. These laws range from when to take your child to school to how businesses relate to the government. It is evident that businesses cannot operate without control by the government. Unscrupulous business traders will enter the market and offer services and goods that are substandard to the consumers. Business policies that the government enforces will either stimulate the growth of the economy or necessitate for the reverse to happen. Good business policies expand the industry and ...

Positive

Gaming is an industry created by legal gambling activities and includes lotteries, poker, slot machines, horse racing and other table games. According to Baird, Yepez, and Fairey (2011), supporters of gaming argue that it has psychological benefits. It gives people the opportunity to exercise control and it is also a way to relieve stress. Supporters claim that gaming is just like any other form of entertainment such as watching a movie.
According to an article by the American gaming Association (2014), gaming has created employment opportunities and generated huge returns as tax revenue for the government. In 2002, 350,000 ...

Globalization offers extraordinary opportunities to the countries related with economic and social development. Over the past few decades the globalization become cultural, economic, political and social phenomena that impacted the whole world, and improved trade between the countries by eliminating trade boundaries between the countries. Globalization facilitated the economic development of developing countries and extended financial benefits to the developed nations. Despite of various benefits the globalization was criticized by some experts due to the challenges associated with it such as financial crises, inequality among societies, poverty, and exclusion. Least developed and developing countries face obstacles while participating in ...

Welfare benefits refer to the material benefits that an individual receives over the products of goods and services. Most developed countries provide welfare to its citizens as a potent means of enhancing the living conditions. The United States of America offers a great example of a state that has provisions for welfare. Individuals living under the acute poverty line are dependants of the state and as such it has to ensure that their basic needs are met. The percentage of the poor people in the country has the overall effect on the Gross Domestic Product of the nation. Therefore, it is at ...

Introduction

The influx of over 300,000 people into California opened many opportunities in especially the economic sector. The initial news about the discovery of gold at Sutter's Mill in San Francisco appeared in a daily newspaper in March of 1848. the news did not receive much attention at first. However, gradually, the excitement grew among the locals after the newspaper published a picture of a merchant rejoicing at striking gold. As the news of the discovery spread fast across the country, it brought in people by sea and land from both natives and foreigners from Latin America, Europe and as far as ...

Literature

“Why the Rich Get Richer and the Poor, Poorer” by Robert Reich
Based on Robert B. Reich’s views concerning the decreasing job opportunities for routine producers (e.g., factory workers), in-person servers (e.g., bank tellers), and symbolic analysts (e.g., CEOs), the increased immigration affect the American economy in such a way that even with declining population among the second group of workers (that is, in-person servers) resulting to reduced competition for their jobs, increased immigration may nonetheless cancel it (Reich 515). Immigration may be a hopeful sign if the country needs more in-person servers for its aging population, small population, ...

After the economic crisis broke out in 2008, what economic system is best for the country, especially for the bank, becomes a hot topic between people. According to what we learned from the Great Depression, the British economist John Keynes state that government intervention can help a depressed economy through monetary policy and fiscal policy (Krugmanand Robin). Also, from what Keynes said and from the great depression, it also tells that too much freedom on the market will produce exactly the opposite results. Similar situations as to banks, during the recession, if the government can give the assistance at the moment, ...

Is U.S. Global Dominance Destructive?
Since the world war, United States enjoys global dominance due to it control over the other nations around the world. The country enjoys the control of the economy, transport, security and even social status. Although most of this leadership status are profitable, some of the strategies fail have detrimental effects to the other nations. His could be due to a lot of control coming from the States thus overriding the doctrines and laws that govern the other countries.
Therefore, the U.S global dominance can be destructive in a number of ways. First, considering the ...

The economic growth of United States became even better in the 1900s which also brought about the disparity of wealth between the rich and the poor. The government and Wall Street have been working together in order to formulate laws that will favour the banks and the rich community (Penner). When there is a reduction of tax payment the rich will be able to continue investing and increasing their wealth while the poor may increase their wealth but it will not be same because they cannot afford to take risks with their wealth. The politicians also get their funding from ...

Over the past few decades, advancements in technology and transportation have turned the world from geographically disparate centers of commerce into a massive global economy. Simple economic models have fallen by the wayside, as once sovereign national economies have become a tangled web of interdependence (McConnell 129-130). Despite the complexities though, there can be benefits to having a larger-scaled economy. One of the major benefits of a global economy is a global workforce. While companies could once only leverage workers and resources from their home nation, that is no longer the case. Companies can now choose to have the labor force closer to the ...

China has long been hailed as the next rising superpower in the world economy. With such a large population and a booming business in cheap exports, there is no question that the Chinese will be an economic force to be reckoned with in the future. However, China’s sudden and explosive rise into economic power did not come without its problems. Economic growth in China is valued above nearly all else in the country today, and as a result, the country is facing severe economic and environmental consequences.
With the increase in lending in China comes the increase in business. Because ...

What do Gerald Ford, Jimmy Carter, and George H.W. Bush have in common? Apart from the fact that all three of them served as Presidents of the United States of America, two other things that they have in common is that all three of them were one term presidents and all three of these incumbent presidents failed in their bids for re-election between 1976 and 1992. All three incumbent presidents were bested by their challengers after only serving one year as president of the country. However, the issues that occurred during their one-term presidencies was another thing they had ...

The article “The New Immigrant and The Issue of Assimilation” by Tamar Jacoby in The Aims of Argument 7th ed.; Crusius and Channell (Eds.) 2009; McGraw Hill is a detailed account of the comparative scenario of immigrant prospect in US in terms of its economy, society, nation and an intriguing future of the generations to come. Developed more based on statistics and general empirical observation and trends, Jacoby, however, seems to have over generalized the issue in some respects. Let us take a tour delving deeper into what the article represents.
The article seems to have a target audience of socio- ...

Rome was actually the greatest empire in world history. It rose from a simple beginning to a wealthy and powerful empire. Before its fall, it had 80 million people with its territory stretching from today’s Scottish board all the way to the Persian Gulf (Ermatinger, 12). Different historians have listed reasons that led to the decline and eventual collapse of the great empire. These reasons include, rise of Christianity, military decline, attacks from foreign tribes, economic decline and division of the empire into the Western and Eastern blocks among others. This essay will argue that it was possible to prevent ...

Introduction

The western countries are the most governing and powerful countries in the world, but there are economic pressures from the Far East countries since the past decade to provide stable results in terms of finance. In the beginning of the 21st century the western countries were able to withstand all the economic slowdown like the crumpling of stock market, the 9/11 attacks, the Katrina hurricane in 2005 and the war against Iraq; however during the same time the far east countries like the Republic of China, Philippines, Thailand and many more caused a threat to the economy of the western ...

Introduction

Undeniably, each year registers numerous numbers of transactions that take place in the economy without the government knowledge and regulations. This phenomenon is known as Underground Economy. Essentially, it entails unofficially measured national income that becomes generated by non-recorded productive activities that are supposed to be added to the National revenue.
Underground economy constitutes the value-added activities that are not registered by the national statistics and are not detected in the government estimates of total revenue collection. Other terms used to refer to Underground Economy include illegal, unrecorded, unobserved, and shadow economy. Since researchers and experts view this economy ...

Generally, during recession period, there are theories that are implemented to try and remedy the situation. The two major theories that have been utilized during the United States of America to try and save big businesses are: supply side economics and Keynesian theory. Arguments have been put across regarding the best theory that is capable of rescuing big businesses during the recession. According to Boskin, many have been in favor of Keynesian while others have been in favor of Supply-side. In this paper therefore, is going to investigate both theories arguing in favor of supply-side. This paper will also ...

The term development is a very multifaceted ideology. The definition of development refers to the overall enhancement of human welfare, living standards and social well-being of a population. This can also be expressed as the general process towards attaining the needs and wants of the population. Therefore, development can be subdivided into the general tenets that culminate into overall development. Some of the key definitions that comprise development is economic and social development. Economic development has been used to characterize the overall improvement in the country’s welfare in terms of national wealth, health, education, quality of life and human welfare. ...

Thesis Statement: Immigration and its socio-economic impact on any country. The paper will further support that immigration is good for any country and its economy.

Immigration is an act of leaving one’s own country and rushing towards another country in search of money, sources and other amenities. It has always been a matter of discussion in many countries for a number of reasons. The roots of immigration are related to the development, urbanization and globalization. The need of money to fulfill the immigrant’s requirements of life is the basic cause behind the act of immigration. Usually people of poor ...

Summary

A policy is typically a rule or a decision that is meant to guide decision making for the purposes of achieving outcomes that are rational. Policies can fall into several different categories and therefore, can be understood as financial, political, management, as well as administrative mechanisms or methods that are have been arranged and put in place so as an organization can obtain explicit goals. (Althaus, Bridgman, and Davis, 2007).Policies can result to impacts and effects that are both intended and unintended. The intended impacts of a policy depend on the organization and the context under which these policies were drawn. ...

The increase in taxes to those wealthy Americans will have a statistical impact on the growth of the economy and to its driving factors including the savings, investments, labor supply and the productivity growth. Having high taxes on the wealthy helps in financing more in investments that are found in different fields including those investments in the education, scientific research and infrastructure of which are critical to the growth of the economic prospects especially those in the middle class. It is possible because the high taxes on the wealthy leaves the country with much to spend on other main ...

English

FEDERAL GOVERNMENT AND IMMIGRATION REFORMS
INTRODUCTION
On November 20 2014, President Obama spoke on immigration and stated, “We were strangers once, too. And whether our forebears were strangers who crossed the Atlantic, or the Pacific, or the Rio Grande, we are here only because this country welcomed them in, and taught them that to be an American is about something more than what we look like, or what our last names are, or how we worship”. The United States of America has existed as a country with many immigrants originating from those who initially crossed the bridge that ...

Introduction

Financial crisis has become a global issue because it has affected many countries in the world. It is important to understand its meaning in order to know how it has affected the economy of various countries. Financial crisis is a situation in which the financial assets in a country loss value. During this period, the currency becomes unstable (Irving 2009). In this situation, the country becomes affected adversely because financial problems become unbearable for most investors. The main reason for this is that there are no foreseeable returns from the investments made in the country due to hard financial times experienced.
...

There are a number of theories that support the reason why people choose to enter self-employment, even in a culture where a huge number of companies and organizations offer employment to the mass population. According to the disadvantage theory, minorities who are being excluded from the labor market activity are actually forced into looking for substitute employment. At times when there is less to be expected from the labor economy, people would have to choose between unemployment and having low wages. These are the vulnerable workers who seek self-employment due to increased rate of unemployment and some augmented business ...

I think that Jeffery Sachs’shock therapy that was administered to several was successful for the improvements it made on the nations that undertook it. It helped manage price controls and reduce on unemployment. It was even more of a success because the process liberated the markets and eradicated hyperinflation.
Sachs Jeffery an economist saw the falling economies of communist states and took it upon him to find means taking the economies back on their feet. Was Jeffery Sachs successful in his quest to heal nation’s economies through the shock therapy? Did the program bring good or harm ...

TA’s Name:

Decline of the American Empire since 2003/Hegemony
Introduction
Hegemony is a term mostly used to refer to forms of government where one government dominates another government by use of power or a threat of immense force directed towards it. Hegemony can be defined as imperial dominance where a government dominates another government politically by manipulating the social system of power to suit them. An empire can be defined as a controlled region where order and stability in governance has been implemented. The American empire has had hegemony over other states in the world for quite a long time where it has influenced ...

Introduction

Illegal immigration persists to be a highly debatable topic concerning the future of the United States as a whole. In this respect, one side of the argument such as the one proposed by other scholars such as Nadadur whose argument explains the positive repercussions of illegal immigration in the US economy, saying that it has further benefitted the dissipation of cheap labor which in turn creates cheaper prices for the local commodities sold in the groceries and supermarkets. It is undeniable that what Nadadur had stated had truly made an impact with the US economy especially since these illegal ...

Globalization has been taunted as a positive development due to the increased interconnectivity of many parts of the world. However, like many such developments, there are upsides and downsides to it. One of the major disadvantages of globalization to the American economy in particular is the proliferation of products that have been imported from other countries. This affects the market for American produced products. This paper will make arguments supporting the promotion of buying of products that are made in the United States of America. Many studies have been carried out to investigate the preferences of American consumers and the ...

China and Russia are two significant members of the group known as the BRICs. The other members are India, Brazil and South Africa. While China seeks to use its economic influence in buying world power, Russia seeks to regain its lost political influence by challenging the United States and Western Europe. This paper seeks to examine and explore China’s use of economic incentives in the form of cheap loans to gain influence in Sub-Saharan Africa. It also examines Russia’s constant antagonism with the United States and its allies in Eastern Europe and the Middle East. The argument ...

Drugs in Latin America

Introduction
Latin America is regarded as a central geographical zone for the production, trading, and trafficking of the drugs. However, the Andean countries of Peru, Columbia, and Bolivia are the major producers of cocaine in the world, while Mexico, Caribbean, and Central America are the major corridors for the transport of drugs into Europe and the United States. More and more people are participating in the drug trade. Cocaine is one of the major drugs that have done great damage in the United States, and it has exerted bad impacts on the society. People are involving in crimes and ...

Why does China allow Hong Kong to maintain its special status?

Hong Kong which is a special administrative region in the republic of China is endowed with privileges’ that other Chinese cities do not have. This is mostly in regard to participation in events and international organizations. Being governed by the basic law as well as its mini constitution, Hong Kong constitutes the Hong Kong Island, new territories, Kowloon and other small islands. Boasting a population of around 7.09 million and growth of about 0.9% it mainly consist of about 95% Chinese people and the rest is others. The official languages are Chinese and English. Having a good GDP and the main industries ...

The Autumn Statement is a traditional statement made by the government that serves as a financial report. It is the second made every year, with the first being the Spring Budget. It is given by the Chancellor of the Exchequer, who provides MPs with information about the United Kingdom’s taxation and spending (BBC, 2016). Traditionally, the Budget dealt primarily with taxation while the Statement focuses more on department allocation. The information and data used is compiled by the Office of Budget Responsibility, which publishes its information as soon as the chancellor finishes his/her speech. Last year’s Autumn ...

»WHILE THE ACCOUNTABILITY MECHANISMS OF PUBLICLY LISTED COMPANIES RESEMBLE THOSE OF DEMOCRATICALLY ELECTED GOVERNMENTS, IN PRACTICE, THESE MECHANISMS ARE OFTEN LARGELY INEFFECTIVE.«

Introduction 3

The Concept of Accountability 4
Governance and its Relationship to Accountability 5
Publicly listed companies and accountability 6
Accountability with regards to various participants 9
The Challenges of Technology 11
Conclusion 12

Bibliography 14

Introduction
The governance and accountability of the corporate world has been a significant focus for many since the economy fell apart during the 2007 financial crisis. Prior to this event, there was a lot of public trust in corporate structures; however, after the financial crisis, ...

The debate over unauthorized immigration rages in America for reasons of economics, sociology, politics, morality, and more. The United States is a country with a reputation for providing refuge for victims of persecution and economic hardship. The protection of people requiring humanitarian protection has been a critical component of the immigration policy of America. Considered the “land of opportunity”, access to employment, higher standards of living, political asylum, free education and health benefits, and many other factors encourage immigration to the United States. The detriments and benefits of illegal immigration is difficult to document due to an inability to ...

Introduction

There are certain laws which actually supports with the prevailing laws and regulations of economics, and among them there is a name of Economic Life Cycle as well. Likewise Product Life Cycle (PLC), there is a name of Economic Life Cycle (ELC) as well, which is one of the most important aspects that can deliver effectiveness to the market (Brinkman, Holroyd & Gardner, 2013). In the ELC, a country or an economy move towards a specific place and then went down drastically in the market. Most of the times, the ELC have been regarded as the economic crisis (Brinkman, Holroyd & Gardner, 2013). There are ...

- Introduction
The dramatic rise of China as a political and global trading force presents a set of matters and concerns for the highly developed countries and particularly to the Asia-Pacific region. While China only poses a lesser security precaution at this juncture, its global intentions and developing capabilities warrant some serious considerations. This is due to the military, economic and political impact of any of its actions or moves.
- China’s Security Alignments and Oppositions
Of the other stable nations in the Asia Pacific region, only Russia takes China as its vital partner. The western democracies are ...

John Keynes, a reknown economist, argued that recessions are caused by the reduction of consumer demand within the economy. In his calssical understanding of recession John keynes believed that there was no way that prices and wages that are presented to labourers could be slashed in order to be able to help a given economy to be in a position to bounce back froma recession( Carbaugh 288). Keynes understanding of a recession was driven by the idea that because every participant within the economy hurts during a recession, it is not worthwhile to introduce a collective measure that would create more strain to the peiople ...

The passage of a new immigration law in Arizona has reinvigorated the national debate over the status of undocumented workers in the United States. In 2010, Arizona Governor Jan Brewer signed S.B. 1070 into law, which empowers law enforcement authorities to stop and question any individual they have reasonable suspicion of being an illegal alien. Anyone who cannot produce proof of residency status is subject to apprehension and deportation. The controversial Arizona legislation has raised concerns over racial profiling and other forms of police abuse, but of greater significance is the precedent for eroding what even the Internal Revenue Service ...

Any historical event has numerous interpretations and judgments of a certain time. American history is not an exception; it is full of important events which were definitely changing the country and nation. There is probably no more important and arguable event in the American history than the Civil War as a result of colonial societies’ existence for a century of common history. In this context, of particular importance are origins of the war and how each epoch interpreted them. In the previous times, the main reason for the war was definitely slavery as a symbol of social inequality and an obstacle for the ...

(Institution Name)

Introduction:

The personality that this assignment aims to focus is Alan Greenspan, who has served as the chairman of the Federal Reserve of the United States from 1987 to 2006 and is considered as amongst the most influential of people in the political domain of the country. He has now retired from that service and has his own company through which he provides consultancy to his client corporations. By profession, he is an economist who is acknowledged to have superb grip in his field and great expertise (Biography, 2016). There is found a lot of negative sentiment about ...

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Introduction
America is known for its consumption. Over the years the American consumer has changed in to an out-of-control shopper. It is important to understand the reasons for this change. The America of the 50s and 60s was relatively different from today, in terms of the culture of consumption. America is influenced with newer trends and it is ever-evolving. Whether it is food, fashion, music or technology. The trends are defining how people buy goods, rather than buying what they really need. ...

The Chinese have long been accused of manipulating their currency to further serve their economic gains. The rest of the world, perhaps understandably, reacts badly to currency manipulation, as it is seen as the equivalent of “cheating” in the game of international economics. China is often reviled by the rest of the world because, unlike many other countries that pay lip service to traditional economic and political conventions, China has a tendency to act without thought to conventions. Even American presidential candidate Mitt Romney accused China of “cheating” at international economics and declared that if he became president, he would ...

Introduction

The debate for and against the legalization of Marijuana has been one of the most controversial issue in politics in the recent past. Nonetheless, it can be noted that the use of marijuana for medical purposes has existed for thousands of years in many countries (Randall 34). However, in many of these countries, the use of marijuana has been illegal and it can be noted that the substance has been decriminalized in most of them. Nevertheless, in the recent past, some of the countries have started to come up with various legislation that are permitting the usage of marijuana ...

Introduction 3

Definition of large and small nations 3
Background and Theory of Alliances 3
Theories 4
a. Free-riding theory 4

Challenges Mobilizing Nations to Produce Public Goods Globally 6

b. Game Theory 6
c. Dependency theory 7
d. Pareto efficiency 8
Conclusion 8

Bibliography 10

Introduction
Strategic alliances have been used over the decades by firms pursuing diverse economic goals. Strategic alliances have become an essential feature in the global economy, especially due to the challenges paused by factors such as rapid globalization. As an emerging way of action, alliances have been viewed as a solution to implementing efficient global strategies capable of enhancing growth ...

As a result of the worldwide financial crisis, the US has been a target market from many investors. Many organizations around the world have opted to secure the US market. The main objective of commercial administrations is to maximize profits. Therefore, the most favorable environment is one which encourages high revenue creation while minimizing cost of operation. `There are a number of challenges in the US economy that undermines the objective of revenue maximization. Some policies in the business environment do not encourage foreign organizations to invest in the economy. There are numerous motives why a potential investor should not consider the US ...

Poverty has been on the rise in some parts of the world, a situation that prompts the American government to get concerned. America as the super power takes the central duty in regulating the poverty in the affected countries. Through doing that, it benefits from various projects around those countries. Their main drive in formulating a policy on global poverty is to improve the welfare of those countries and achieve better economic outcomes. This is mainly in those countries with the citizens living below 1 dollar per day.
United States foreign policy deals with diplomacy, defense, and development. The “three ...

The efficient operation of a government requires that it adopts relevant mechanisms to control its national deficit. Even though the government can opt for other means of maintaining its national debt, the topic of sequestration is debated among many stakeholders in the servicing industry. The need to control the country’s debt has made sequestration a household term. The reduction in national debt requires that the national government initiates spending cuts in various categories of the federal structure. The process of sequestration relates to part of the Budget Control Act of 2011 that was scheduled to start at the start of ...

President Obama is a Keynesian and social democrat in domestic policy, and has been forced to deal with the worst depression since the 1930s. He has rightfully rejected the conservative laissez faire policies of the last thirty years in favor of government stimulus, investments and support of the economy that have prevented far worse consequences for the American people. In this area his policies are far preferable to those of his Republican opponents and he should be reelected. This is also true of his foreign policy, which is more realistic and pragmatic than that of his opponents and less likely ...

In a recent report by the World Business Council for Sustainable Development (WBCSD), the current trends of urbanization and rate of consumption is increasing at an alarming rate that has the entire world worried . Currently more than half of the world population resides in urban areas. This form of settlement has is set to increases along with the world population as it slowly and surely nears the 8 billion mark. Countries such as India, China, Brazil and the rest of the Asian ‘tiger’ economies are the front of the statistics . The west and other developed nations are also facing business ...

Introduction

Every country in the world desires to promote the purchasing of locally manufactured goods. The United States of America has not been left behind either with several campaigns and legislations promoting the purchasing of locally manufactured goods over imported goods. A 2011 survey reveals that in the 1960’s, only 8% of what is currently consumed in the United States of America was imported but currently more than 60% of what is consumed in America is imported. Since 2008, the American economy has been on a down ward spiral which has been characterized by loss of jobs and closure of ...

This problem is however not new to regulators who have an interest in limiting both factors. This relationship between unemployment and inflation is shown in the Philips curve which is declining in the short term. There seems to be a clear inverse relationship between the two factors in the short term. (Brinner, 1999).
However, this apparent relationship ceases in the long run with the two being more or less independent of each other. The Federal Reserve is thus acting on a well established economic theory that interventions aimed at countering inflation are only effective in the short term. Meltzer is ...

Introduction

Drilling for oil is a hazardous job that can sometimes created massive environmental disaster. Because of the high marketable profit that oil offers safety laws are ignore at crucial times. Consequently, oil spills among other accidents happened destroying ecosystems, harming animal life and sometimes human loses. Oil spills not only harm animal life but can also destroy the economy of a given region and create physical and psychological problems for the residents of those areas. Deep Water Horizon oil spill in the Gulf of Mexico is one among many spills that have become history because of its horrific effect on animal ...

The revolutionary changes brought about by the rejection of the occupation of the former colonialists, and the American neo-colonialists had a profound effect on the sexual revolution in the Cuban society. Although difficulties were experienced in the previous stages, success was realized in the 70s and the 80s. Previous complications were experienced due to the dominance of the white males in the political leadership who were accustomed to the traditional patriarchal sexual ideology. The leadership soon began adopting the Marxist-Leninist concepts that emphasized on reforms of class relations and factors of production (Hamilton, 2012). The leadership sought to increase ...

In his article “Why the United States is in Decline,” Professor Hu Angang discusses the rise of China by examining a number of aspects which he considers demonstrate the decline of United States (Hu, 2014). In making his point Hu, discusses the specific circumstances of America’s decline and China’s rise. In his explanation, Hu concentrations on five main areas of scrutiny: GDP, manufacturing output, exports, human capital and national strength (Hu, 2014). While Hu’s analysis of the U.S. seems reasonable enough, the truth is that there is no proof to substantiate an inevitable and permanent American ...