Essays on Economic Crises

Introduction

A discussion among the classical economists and the Keynesian economists continues on the government intervention in the free markets. According to the classical economists, the free market mechanism can develop solutions for the crisis in the market if there is no external influence on the markets. The Keynesian economy merely expresses that the free market economy carries the risk of generating crises and undesired deficit or surplus in the economy when the demand cannot clear the supply (Posner 234-252). The discussion on the government intervention is changing direction each time the world economy suffers from a global crisis becomes ...

Introduction

Business growth requires the adoption of various corporate levels strategies such as diversification into new markets. With that, it is necessary to identify the most suitable market regarding market demand and policies. That is because the country’s productivity determines the living standards, hence, the demand while policies determine ease of doing business and the productivity level. In that view, this report presents a recommendation and analysis of the most suitable country for Apple to expand to for its iPhone brand. To achieve the objective, the report presents a summary of the country of choice followed by an overview ...

Many economists and international financial consultants suggest that capital account liberalization is an important strategy for developing countries in order to spur economic growth. Specifically, the International Monetary Fund once called for the emerging markets and other developing countries to tap into the possibilities of capital account liberalization (Gallagher & Antonion, 2013). The positive impact to developing countries of heightened access of capital flows resulted in the less attention on the risk associated with it (Takagi, 2005). However, recent pronouncements from leading financial organizations suggests that while there are benefits derived from capital account liberalization, there are disadvantages associated from ...

Question 1

Crisis in tourism can be considered a process, or various processes that are put in place for handling unforeseen situations that usually threaten an organization, cooperation or business as well as a group or a person. Crises often take place without any warning in prior for preparation, hence creating uncertain circumstances. In such situation, it is essential to put plans in place that can be swiftly be executed for either position actions to remedy the circumstance or decreasing potential impact of the crisis to settle the circumstance in a given appropriate period. For example, not most nations have overall ...

Thesis statement

The IMF plays a critical role in ensuring financial stability globally. It has been instrumental in resolving various economic crises such as the 2008 financial crisis and the debt crises in Greece and Portugal.

The role of IMF

The fund plays a crucial role in providing advice and technical assistance to member countries to foster good governance. It promotes public sector accountability and transparency (O'Brien and Williams). Its technical assistance helps member states in enhancing the management of their economies by correcting macroeconomic imbalances, implementing economic reforms relating to international trade, exchange rate policies, among other reforms. The IMF also offer loans to ...

Acknowledgement

Executive Summary The relationship between ownership structure and firm performance has gained substantial attention of in the finance literature. The present study investigates the ownership structure of firms as a corporate mechanism and its impact on firm’s performance. An empirical analysis of the firms listed on NYSE and NASDAQ belonging to different sectors has been conducted to investigate the relationship between ownership structure and firms performance. The objective of the research is to identify how the corporate governance and corporate identity influence firm’s performance on the basis of three research questions provided in the following.

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8)Using Marxist categories, fully explain the problem of the transformation of values into prices of production, mention the role of capitalist competition and the organic composition of capital in explaining the deviation of values from prices of production.

Marxist theory of transformation of values into prices of production is generally the view that labor is the inherent amount of value. Marx explains that a determination of prices by quantitative methods compatibly fits with the theory of labor considered as imminent amount or measure of value. This is a factual view that it is about the nature of exchange value and ...

Schlumberger Limited

Problem Solving Schlumberger Limited Schlumberger Limited is an American Company that operates in the oil industry. The company is the world's biggest oilfield services company that is present in over 85 countries across the globe. The company has principle offices in the United States, France, the United Kingdom, and Netherlands to coordinate its global operations. Schlumberger limited was started in 1926 by two French brothers who initially dealt with electrical related operations. However, the company has since diversified and has many interests in oil industry services whereby it mainly deals with seismic acquisition and processing, well ...

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 ...

Over the years, questions on the issue of war have been discussed and debated over and over. One of the major questions that have always been asked is whether the civil war was inevitable. In the year 1850s, events that occurred proved that the Civil War was inevitable. More than a few that occurred in America clearly show major causes of war such infringement of civil liberties, the collapse of the two party system, and infringements of rights. These factors made the conflict/war between the South and North America inevitable. It is evident that both South and North America made ...

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, ...

[Writers Name]

Joseph E. Stiglitz surely knows a thing or two about International Economics. The Nobel Laureate Columbia University Economics Profe.ssor, who served from 1995 to 1997 under US President Bill Clinton as the Chairman of the Council of Economic Advisers, and then from 1997 to 2000 as the Vice President and Chief Economist at the World Bank, debates in detail, the effect that globalization has had on the world. Globalization, as a process, is the coming together of countries. It all but eliminates the needs for boundaries, making countries interconnected. The resulting effects are increased trade, better communication, and ...

Abstract

This paper is based on an article from The Economist published on June 1st, 2013. In this paper, I will analyze the economic policy against the credit markets fluctuations in the US and try to follow the traces of the failures in this policies due to the reactions of the martkets to this policies. The Fed and the Government implement some macro policies to stable the markets to ensure the growth rate in the US while keeping other macroeconomic variables such as unemployment, inflation, stock exchange markets, foreign exchange rates. However, people’s reaction to these macro policies sometimes ...

Introduction

Democracy is the instances in which the majority people of a state always have their way. In democratic state people are entitled to their own freedoms of expression. For a country to be a democratic there are many challenges that they always face. These are challenges that always oppressive to those that are in the forefront fighting for these democracies. Those that are in power always find ways to stop a state from being democratic due to their own selfish motives. In Europe, it was not an easy journey to democracy. There were many challenges that they faced while they tried to bring ...

Middle East is a region that covers the Western Side of Asia which has and remains to be a center of world affairs. Its history dates back in the ancient times and it has various contributions to the world we live in today. The region is associated with the origin of most religious groups in the world such as Mandaiesm, Islam, Druze, Bahai faith among many other religions. Generally, the Middle East is an arid place with a hot climate and despite the climatic conditions it is a big Agricultural contributor in the world (Sorenson, 2010, p.122). Most Agricultural inventions have originated from ...

Abstract United States is one of the world’s super powers following its developed economy. This has been attributed by strong nominal GDP, low unemployment rates, low inflation rates, strong currency and developed infrastructure. Although its economy has been affected by the economic crisis of 2007/2008, their macroeconomics still remains positive. This paper focuses on the macroeconomics of the United States. Under this, the paper discusses the Gross Domestic Product of the States, Unemployment rates, Inflation rates and the exchange rates. It starts by giving a brief introduction of the U.S. macroeconomic in general then goes further to discuss each of the ...

Since time immemorial, the existence of financial crises has had profound effects on the overall economy. In particular, consumption of individuals has been the most affected during times of such crises. My paper discusses the consumption habits of developed societies during the period when they experience a financial crisis. The way that developed countries handle a crisis varies. While some nations may favor austerity measures, others may opt for more investments by the national government. It is of interest to me to analyze what takes place at the household level. The need for research on the lowest level of household consumption ...

Introduction

When the unemployment level hit a shocking 10% in October 2009, the world thought the scary depression of the 1930s was back. During this time, the economic recession which had begun two years earlier had dragged down economic growth and the gross domestic product a great deal. The stock market was performing poorly, but had really collapsed as it had during the great depression (Canterbery 45). For an individual that was a child during the great depression, the great recession is a minor economic downfall and does not even qualify to be modified by the term Great. Yet, to the person that did ...

What is Neoliberalism?

Neo-liberalism has always been liked to “privatization,” “deregulation,” “decentralization,” or “tax reform.” The famous definition of neo-liberalism is by Paul Treanor who defined it under the book “Neoliberalism: Origins, Theory, Definition” as: “a philosophy valuing the market existence and operation as it is, distinct from any of its previous links with the production of goods and services . . . and where the market and similar structure’s mechanics are seen as normative by itself, enabling the related actors to be ethical and responsible in their human actions and replacing for all the pre-existing moral beliefs (Fish, p. 1).” Interestingly, neoliberalists ...

Introduction

The Great Depression Before the Great Depression occurred, US faced an economic boom in 1920s and then there was a depression period (Iranj, 2012). In Great Depression, many companies went bankrupt. Unemployment rate was 25% in Great Depression as well and today there are a lot of states in America that are facing the problem of unemployment (David, 2011). One of the main factors the current economic crises and the Great Depression is the risky investments. Same was the case in 2008. Europe and UK also faced the similar problems. People are still in a sense of déjà-vu as ...

Questions on Seen Case Study

Question one:

Discuss how the changing technological environment present threats and opportunities to the outsourcing of production from any single country of your choice.

In the present day business environment outsourcing has served as one of the most popular tools for management in almost every organization. Many companies both private and public continue to increase their business operations through outsourcing some of their services to outside vendors. There is an increasing debate among company managers regarding what to outsource and what to produce internally (Eliot, 1998). The high rate of change in technology is posing a lot of threats to ...

INTRODUCTION

Economic growth is a fluid and unpredictable process – over the course of human history, people have attempted to predict its ebb and flow with varying results. From the early economists (Plato) to those attempting to determine the future direction of today’s economies (Keynes), there are many economic theories and thoughts that have cropped up over the years. These economists and philosophers have dealt with the specific economic problems of their time, addressing the concerns as they saw them then, and proposing radical new solutions according to how they imagined economies should run. As societies have changed, so have the ...