Essays on Economic Development

1. TOC (traditional organization crime) refers to crimes that are coordinated and organized across national borders. Also, it incorporates individuals who plan to execute illegal activities in various countries. TOC groups include the Russian Mafia, Triads, Yakuza, Fuk Ching, Red Wa, as well as La Cosa Nostra. It is important for the governments to focus on TOC groups. TOC groups are believed to carry out transnational crimes and illegal action. The groups is a threat to national and international security. The governments have to deal with the TOC groups and ensure their global networks are destroyed (Forest, 2007). Also, ...

Reason for Catholic and Protestant Reformation’ Great Impact on Europe

The Catholic and Protestant Reformation represent the radical, religious, academic and traditional disturbance that traumatized Catholic Europe in the 16th Century. It set in place the notions and opinions that would describe the continent in the contemporary period. In central and northern Europe, activists like John Calvin, and Martin Luther questioned papal power and probed the Catholic Church’s capability to define Christian exercise. Although the movement was predominantly spiritual, the attitude of independence endorsed by Protestantism steered many people to rebel in contradiction of the power of the church and the authoritative monarchs, who relied on their authority ...

Economic growth is depended on the availability of resources, mainly energy, finance, and economic planning. Rapid growth in the last one and half century was possible due to the availability of cheap and abundant fossil fuels (Heinberg 7). But the burning of fossil fuel has a negative effect on our environment because it causes the release of Green House Gases (GHGs) to the atmosphere. Higher concentration of GHGs traps heat in the atmosphere, causing global warming. Unrestraint rise in global temperature can cause melting of glaciers and rise in sea level submerging landmasses, changing weather patterns with frequent incidence ...

The Tokugawa Period lasted between 1603 and 1867 (Yanemoto). It was founded by Tokugawa Ieyasu, and it was also called the Edo period. The Tokugawa period was characterized by political stability, internal peace, and economic growth. The people were led under military dictatorship. During this time, the Japanese society experienced some changes. Some of the transformation include educational expansion, commercialization and economic growth among others. The social order in the society was totally frozen. The society was divided into four classes: Samurai class, Farmers/Peasants, Artisans, and Merchants. Peasants were concerned with food production through farming. Artisans used their crafts ...

Aboriginal peoples and communities are among the first inhabitants of Canada and are thus considered as one of the founders of Canada. Aboriginal peoples already had legal systems and governance structures even before European settlers arrived in Canada. With the advent of European settlers, Aboriginal peoples were forced to either assimilate to the foreign systems and culture or ignore the immigrants and keep their culture. The latter, however, resulted in conflicts between the European settlers and the local Aboriginal communities. Such conflicts were settled through the signature treaties. However, the signing of the agreements did not guarantee that the ...

Understanding health care utilization and the underlying processes, as well as attitudes from the point of view of patients and providers, is important in today’s complex health care environment. One of the principal objectives in the management of health care utilization is the reduction of practice variation through defined parameters that seek to ensure a cost-effective use of health care resources. However, factors related to individual determinants of utilization of health care services as well as the enabling factors must be taken into consideration in the discussion of health care utilization. Looking at the case of San Antonio, ...

Abstract

The Air transport industry is growing globally and specifically in the Asia-Pacific region as the demand for air transport services grows and infrastructural development continues. Singapore has emerged as an important air transport hub in the Asia-Pacific region owing to its strategic geographical location, developed infrastructure, connectivity to other regions of the world, and its well-defined regulatory environment. Singapore is a major air transport hub as it is strategically located in the Strait of Malacca which puts it at the crossroads of important air routes, particularly between major economic blocs such as Japan and Europe. The emergence of Singapore ...

Impact of Policy Changes on Financial Stability of Commercial Banks in India

Paper Due date Abstract The study envisages financial stability of Indian Banks, especially schedule commercial banks, in the backdrop of macro-prudential policy changes. Banks are put under microscopic vision in terms of performing as commercial units while strictly adhering to the policy norms. The effect of regulatory and supervisory policy changes can be evidently seen in stressed performance of banks in the recent years, in-spite of growth in their retail portfolios. The policy changes of increased provisioning for NPAs, improvement in asset account quality, revised guidelines for Net Stable Funding Ratio, restructuring of large accounts and many more have ...

“If it has ‘science’ in its name, it ain’t (Minnick).” Those words were said to this writer by the smartest person he ever knew personally, a man with PhDs in Mathematics and Physics, a true scientist. He went on to explain that science, if it is science, can be reduced to mathematics and then can predict. “Science can generate electricity or flatten cities,” he said. The problem, of course, is that whenever one deals with the “soft sciences,” political science or economics (the dismal science) or sociology or history or any of the disciplines that are housed in ...

Volatile Prices of Primary Goods Preventing Economic Development in LDCs

Background The primary goods refer to the products that are obtained directly from agricultural activities and are not subjected to the process of manufacturing. The most important primary products in an economy include those that are obtained from the sector, such as the fishing, agricultural, forestry, and mining industries. In terms of the least developed nations, which are mainly located in Africa, Asia, and the Latin America, the trade characteristics of their economies include the dependence on the developed, industrialized nations, and, significantly, the reliance on primary products. Accordingly, in international trade, the least developed nations’ exports are primary ...

How do economic issues, politics, and social factors affect the airline industry?

Since these external factors also affect the airline customers, airline industries also need to adjust their business operations and standards. With that, their strategies, prices, and resource allocations are being adjusted according to how these factors affect customers. As such, the most important thing that the airline industries need is to keep updated with the changes made by these factors. With that, they will be able to optimize their strategy, and keep up their revenues with their costs (Cederholm, 2014). What is the financial position of the companies in the airline industry including the impact on airline suppliers? (Lessors), ...

American Public University

Poverty is defined as lack of access to the resources necessary for survival due to low level of income earnings in a household. The different countries have different thresholds for defining the poverty. UNDP accepts people who earn less than 1 dollar a day as the poverty threshold and the Millennium Goals of the United Nations aim at reducing the number of people earning less than 1 dollar a day (UNDP, 2017). Recently, sustainable economic development is discussed among the academicians and the professionals. Fast economic growth has been the main aim of many emerging economies in the last ...

Question 1

The three terms, including ‘developing,’ ‘poor,’ and ‘less developed,’ are used to refer to impoverished nations that share the following characteristics. Inadequate infrastructure. Such countries are said to be poor because they lack necessary infrastructure, such as an excellent transport network and sophisticated communication systems, which play a critical role in economic development. The underutilization of resources. Even with abundant natural resources, inadequate utilization and exploitation due to inadequate capital, lack of skilled labor, and the failure to access the requisite technology stops such nations from prospering (Collier 37). Unemployment. The countries are burdened by a high rate of ...

Fashion and food

1. Executive summary The clothing and the foot ware market in Saudi Arabia performs quite well due to the thriving economy and the high levels of the disposable incomes in the country. The unemployment rates are quite low, a fact which has contributed to the growth of the fashion and food markets. Available information at the end of 2015 indicates that the leading fashion brands in the country increased the number of the fashion brands in their portfolio as the customers raised to demand quality and more luxurious brands. As a result, the retailers have expanded the outlets across ...

Engagement

Being one of the attendees to the Conference in Turkey, dubbed “Combating climate change, and the private sector” and hosted by the Turkey Industry and Business Association (TUSIAD). The topic for the conference is as mentioned above, and it had an array of issues to address about the political as well as the economic climate of the country (Moss et al. 750). Therefore, the paper involves a combination of the issues relating to the engagement and the research-based inferences relating to the effects of the climate change in Turkey to both business and political temperatures within the nation. It ...

The last year was marked by the unexpected results of referendum held in the UK, where citizens had to decide whether the country should leave or stay in the European Union. Obviously, many experts had been skeptical and the results, with 52 % voted for the exit, were, with no doubt, shocking both for the EU and the entire world. The financial markets reacted immediately: the pound experienced the largest decrease during the entire period of the free-floating and major stock indexes, like FTSE 100 and FTSE 250 also fall considerably (Mackenzie & Platt, 2016 June 25). However, the reasons the ...

First and foremost, the Canadian-American Reciprocity Treaty signed a decade before the confederation promoted Canada’s business ties with America. As Canada’s export to America increased, the Maritime economy prospered. However, the cancellation of the treaty as a result of Canada’s war with America began to threaten the economy of the region. More importantly, I feel the attitude of Canada towards becoming a confederation at the expense of the Maritimes proved detrimental to the economy of the Maritimes. For instance, before the confederation, the Maritime population enjoyed their unlimited economic potential under their British Colonial rulers. After ...

Industrialization after the Civil War

Introduction .3 Economic Development ..3

Political Development .5 Social Development 7 Conclusion ..8 Reference ..10 Introduction The American Civil War of 1861-1865 was a historical momentum of great significance. The capitalists of the North beat the South and thus determined the development of the whole State for the years to come. Due to the immense amount of natural resources, which facilitated the industrialization of the United States, the latter was also able to adopt the capitalist theories and implement them. The Civil War was a milestone in history which boosted the general development of the State and its industrialization, ...

No region has experienced as much growth as the south as far as development and prosperity of the area in the United States of America are concerned. The region has been a victim of the conflict and was once said to be uninhabitable characterized by the lack of progress in the early late 19th century and early 20th centuries. The change in the region, especially in the contemporary society associated with its growth, demonstrates that indeed political progress is not cast in stone. The paper, therefore, embarks on providing an argument both positive and negative on the political issues ...

Security and economic development in Africa today are more effectively achieved through regional formations than through the African Union. Discuss.

Introduction

The majority of African countries still lag behind Western states in achievement of similar economic development and power in the international relations. With the beginning of the twentieth century, the African states continued to take actions aimed to improve is economic growth and security protection in comparison to these systems in other countries. In this regard, it should be noted that several African countries stand to the position that these strategic objectives in the advancement of economic group and ...

Educational Institute

Research Objective The objective is to determine and examine the role of the stock market in economic development. This research would analyze data gathered and demonstrate the significance of stock markets in the development of economies. Insights would be gathered on what factors can support the notion that the stock market is an indicator of economic health and a guidepost for a better understanding of economies.

Literature Review

Kelly, 2010 The article is a direct expository address to the relation between the stock market and the economy. It focuses on the conceptual aspects rather than on the data and analysis and ...

Investing In Saudi Arabia Market

Investing in Saudi Arabia market Introduction The Saudi Arabia economy has for long been driven by the performance of the oil market. The entire economy has also been primarily managed by the government leaving little room for the private sector. The existence of many government bureaucracies has also in the past hindered the development of the private sector. The strict Islamic culture has also been a challenge for the operation of the business from the open economies. The period 2003 to 2013 marked one of the largest oil booms in the history of the country. The oil prices in ...

Bhutan, a remote kingdom resting in the Himalayas and situated between India and China, has tried to allow some aspects of the modern world crop in while at the same time fiercely guarding its traditions. Policies drafted by the Bhutan government have been intended to conserve the innocence of the kingdom and the rich traditions of the county. The country has made efforts to blend tradition and modernization to ensure the country’s rich culture is conserved while embracing modernization. Courtesy of its national philosophy: "National Happiness", the country has successfully achieved sustainable development, good governance, protection of the ...

Rwanda is a developing nation in the Eastern Africa region that remains highly dependent on foreign aid from international bodies such as World Bank and the United Nations Development Program (UNDP). According to The World Bank (2016), foreign aid accounted for about 30% to 40% of the country’s budget in 2015. The role of foreign aid on Rwanda’s social, economic, and political development is one that is subject to debate among intellectuals. On one hand, it is argued that foreign aid is necessary to facilitate socio-economic development but on the other hand, it is argued that conditional ...

While sustainable development means meeting the needs of the present and future generations, and a focus on prevention of environmental degradation, several factors influence the attainment of these goals, specifically culture and organizations. Sustainable development as a concept first appeared in the Brundtland Report of the World Commission on Economic Development (Buchanan 29). The Brundtland Commission was established in 1985 to address environmental problems due to economic development. Atmospheric pollution, climate change and global warming, accumulated wetlands, decreased freshwater quality, topsoil degradation, endangered species of animals and fishes, and forest degradation were environmental concerns discussed in the Brundtland Commission ( ...

The article opens with definitions. “Community Economic Development” is presented as “a strategy that includes a wide range of economic activities and programs for developing low-income communities such as affordable housing and small business development.” A focus on job creation whether working with neighborhood businesses or industrial parks is central to the programs. Economic development was a response to perceived problems of poverty. Associated with poverty is poor housing, lack of access to health care, a lack of jobs and a generally poor quality of life. Efforts to address these problems are very local. Community Development Corporations have developed ...

Introduction

In the process of designing and implementing projects, some ethical issues are faced by the project managers on a daily basis. If such ethical issues are not dealt with effectively with solutions, the efficiency of project implementation becomes reduced significantly. Ethical issues relate to how team members develop and sustain a good working relationship with each other and vary in the type of project and the region involved. There are no existing hard and fast rules that act as directives to solutions when ethical challenges arise. Therefore, professionals need to apply both leadership and entrepreneurial skills to resolve ethical ...

Economic inequality Between Indigenous and Non-Indigenous Australians

Introduction Thought the last century, the subject of inequality has come to the fore. It seems that social, economic, racial, ethnic disparity became ubiquitous under the circumstances of economic and technical progress. While some countries take a course of rapid development, others remain behind. It happens not only on the political level but also within the country on the social scale. The emergence of perceptible economic inequality can now be observed in developed countries, and Australia is not an exclusion. Historically, economic inequality strengthened disparities of income and living standards of the individual layers of the population, increased the ...

The recent Brexit vote has brought about a number if tensions associated with membership in the European Union and a common European economic area. It has also put into serious question the European Project started in the post-World War II era. Please argue for or against Britain being a member of the European Union. Be sure to cover five broad areas of disagreement economics (Benefits/ Costs), political (Benefits/ Costs), Labor market (who wins? Who lose), social (costs/ benefits), and issue ofan identify? Britain a second-largest economy after Germany is a member of the European Union, has taken up a ...

Impacts of Gender, Racial, Ethnicity, Class, and Sexual Orientation Stereotypes

Introduction Equality is essential to the development of any nation. In fact, lack thereof compromises the possibilities of social and economic growth due to the prevalence of discrimination. With this in mind, it is worth acknowledging the fact that there are multiple stereotypes associated with race, sexual orientation, gender, and ethnicity. These stereotypes foster the development of prejudice due to the unequal distribution of responsibilities, gender inequality and psychological torture due to sexual orientation. According to Ward and Monica (128), the impacts of these stereotypes are demoralizing, and the affected groups feel unappreciated. For instance, the UK Feminista (2016) ...

Intelligence is the process through which a particular type of information is taken from collection, evaluation, analysis, integration, interpretation and finally dissemination. The information collection process is a critical national security activity that every country needs to protect from foreign and terrorist invasions. Information gathering process entails a variety of activities from the essential eavesdropping, spies, open sources such as radio and publications to technological sources that require a lot of expertise (Nimon, 2013). The introduction of information technology after the Cold War and the numerous developments in technology has made this collection process easier. The scope of intelligence ...

Introduction

Background of the Study The world economy is currently facing numerous challenges, ones that imped growth and continuous economic development. In reality, there is no such thing as a straight line when it comes to economic development, accounting, and asset management. If history is to serve as a basis, economic development, both on a national and international scale, has been and so can be characterized by a cycle of boom and bust . Based on the metrics that both accountants and economics experts look into when analyzing a for-profit organization, a bank, or a macro economy, the risk of being ...

Introduction

The Petrochemical industry in the ministry of energy has been focusing on the oil prices change and how it influences the economy. The oil demand comes from the petrochemical industry whereby energy generation helps in manufacturing and production industries. These industries help in economic transformation through improving country’s GDP. As the source of energy, oil in the petrochemical industry has been influenced by inflation and unemployment, interest rates and exchange rate. These factors influence the government spending, hence affecting the importation of oil from the producing countries such as Saudi Arabia. The oil prices as a result of ...

Literature Review

Hafiz program was constituted for the wellbeing of unemployed in support during the job seeking period. The integral approach provides mechanism and platform in developing appropriate strategies required to assess the program and how unemployed benefits from the system. The beneficiaries of the Hafiz program are evaluated by social, behavioral and cultural perspectives to determine their living standards and the needs. The Hafiz program considers interpersonal dimensions recognition that consists social life covering family and how they influence behavioral changes. Therefore, the main focus is an observation of traditional macroeconomic in the determination of the family structure, their influence ...

Introduction and Background

The demand for creativity and innovation at the workplace is common for managers and business executives. Innovation and creativity are common tenets of the business strategies adopted by many corporations. Organizations also used innovation and creativity as the element through which they acquire a competitive advantage. Scholars such as Mann and Chan (2011, p.1) find that the concepts of innovation and creativity have gained enjoyed a lot of interest in the recent past. The interest in the concepts has resulted from a shift in how they are perceived. Mann and Chan (2011, p.1) report that the concept of creativity ...

World Affairs: The United Nations

Introduction The United Nations (UN) was established as an international organization on 24 October 1945 having several functions. The UN operations and membership are both extended worldwide. UN headquarters is in New York City and has other regional offices in Geneva, Vienna, and Nairobi. Arabic, Chinese, English, French, Russian, and Spanish are the official languages of the member countries. The UN's predecessor was the League of Nations that kept peace and cooperation between the nations of the world. The organization gets its finance from member states voluntary contributions, and it has six fundamental bodies. The General Assembly as the ...

____________ University

Introductory remarks

Alberta oil is one of the largest oil fields in the world. According to Simon Dyer, “The Canadian oil sands are the second largest proven oil reserve after Saudi Arabia” (Dyer, 2009). The commercial development of the Alberta oil sand had begun in the late 1960s. By the time World War I had arrived, and after the war was over, Canada was almost entirely dependent on oil from foreign countries. Canadians, after the war, began to wonder if the nation had any oil resources of their own. This interest led to the creation of the Alberta Research ...

Introduction

The effects of child abuse are risk factors for later lifespan development. There are public policies in force about this issue. There are extreme risk factors associated with child abuse that may not be prevented by public policy. Both internalized and externalized problems that can result from child abuse often lead to overall adjustment issues (Leeson, 2011). Victims of child abuse often suffer an inability to accept their abuse, as well as having difficulties with transitioning through other life experience (Leeson, 2011). Intervention can also be harmful to child development. Ill-treatment and neglect is a public issue because children ...

Influence of the Organization of the Petroleum Exporting Countries (OPEC) 2

Economic growth of countries outside the Organization for Economic Co-operation and Development 4 Bric: Brazil, Russia, India and China 5 Trade between non-OECD countries 5 Climate Change Policy 7 The greenhouse effect 7 Strengthening the greenhouse effect 8 Global climate change 8 Oil reserves in the world 10 Influence of the Organization of the Petroleum Exporting Countries (OPEC) OPEC long ago lost its hegemony in the world oil market but remains a major influence on prices against the formidable challenge of US oil shale. OPEC decided she decides to continue producing in abundance not to give more ground to ...

Issues in East Asian Studies

Deng Xiaoping is the Chinese revolutionary and politician, unofficially – he is the head of the country. This man became known throughout the world due to his political and economic ideas. He played a very important role in the development of the country. Since the late 1970s and the early 1990s, he proclaimed the policy of economic reform and the building of socialism with the "Chinese characteristics." During his campaign, the Celestial Empire became a strong and developed state. He put forward the idea of ​​China and Taiwan's unification on the principle of "one country – two systems". In the world, ...

Mao ruled China for the period from 1949 to 1976. During his leadership, Mao oversaw several initiatives that aimed to put across the progress of the country. Several of these revolutionary changes captured the attention of the media and received intensive debate from professionals and members of the Republic. Among the initiatives that received media attention is the five-year plan that was published in the first week of August 1955. The information in the extracts of the China Mainland Press indicated that the plan was drafted to happen between the years 1953 to 1957 (Pong, 2009). The five-year plan ...

The Middle East is a vast region with many countries which are differently endowed with both natural and human capita l resources. The state institution and development of societal status have also evolved differently based on the past experiences of colonial and pre-colonial eras. The Middle East region is known to have suffered economic backwardness dating back to the seventeenth century. The state of economic conditions and social developments of the Middle East countries is quite similar to those of North Africa region countries particularly Egypt. The two regions were highly affected by the ruling of the Ottoman Empire ...

Introduction

The MENA Countries are the countries in the Middle East and the North Africa. Many of these countries are in the process of developing and some are less developed than others. As emerging economies, these countries are still spending the effort to develop their labor markets and human resources. Considering that the number of youth in the population is an advantage for economic development, the MENA Countries seem to have an advantageous position; however, before making this comment, one needs to analyze the labor markets in these countries. The basic statistics about unemployment exhibits volatility, and the unemployment rate ...

CAFR Brief

In government spending, each stakeholder needs to be accountable for any financial transactions undertaken. There are departments entrusted with the role of spearheading the government spending to ensure equity and trustworthy in government money spending. The CAFR brief below summarizes the Richland county government spending presented in terms of annual financial statements. This financial statement includes statement of financial position, statement of comprehensive income and statement of cash flow. However, the statement of comprehensive income and statement of financial position shows is the yardstick to which the accountability is ensured. Undeniably, when government money is spent with regard to ...

Introduction

In the lion share of cases the life perception, its values and strategy are determined for individual in one’s parent’s families. Thus, it is critically important to maximize the probability for each particular child for living with one’s parents, and address the existing pitfalls of the institute of family with corresponding policies. This paper would be dedicated to representation of the core aspects of the family policy -as an intentional course of action for minimization of the need of engagement the child protective services into the process of assistance of the children, who fall into the ...

Introduction

Economics of Sustainability is the ability to maintain a distinct level of economic growth indefinitely. Even though economics have conventionally stated economy and the ecological systems as different fields, the economic aspects of sustainability try to view the environment and economy as incredibly interlinked multifaceted systems. It gives more information on how the economic portion of the integrated system is transformed to be sustainable. Economically, sustainability provides an establishment of actions to be done by the present people that will not weaken the predictions of the future people to enjoy levels of wealth, consumption, or utility (Huesemann 547). Sustainability ...

The impact of availability of skilled labour force Manpower is the most important element of the productive forces. The demographic factors are function of socio-economic development and have a great influence on economic growth. In assessing the impact of population dynamics it is important to take into account not only total population and population growth, but also its age structure, field employment, level of education and training, i.e. quality of the labour force. The availability of skilled labour force is the prerequisite of economic development of the country. The quality of labour resources largely contributes to enhancing overall economic ...

[Author Name(s),First M. Last, Omit Titles, and Degrees] Economic development changes society in a manner that it becomes more and more difficult for the country to remain in the hands of a single man or a group of powerful elite. The change results to transforming the social and economic framework and then moving towards a changed attitude of the population in general. The primary concern of the countrymen is to achieve a commercial greater status and increase their wealth holdings. This changing scenario leads to people taking to skilled professions; they learn the importance of collective effort ...

Arguments for Aboriginal Child Protection

In most countries of the world, the level of democracy has reached recognition points whereby people have exclusive rights to express their democratic rights. Governments are made on the basis of the popularity of political parties and individuals who dominate these governments tend to make policies that protect their interests and those of their families. These individuals usually constitute the majority in the country and once they get into throne, they tend to disregard the positions of the minorities. In some cases, public policies tend to be discriminatory where social services and protection are offered to particular groups while ...

Historical developments often have an effect on the current economy of a state. The Middle East economic state has been stagnant. The reason for underdevelopment concerns is linked to the events that occurred in 1800. According to Owen Roger, the integration of the Middle East with the entire world was sluggish. He based his arguments on the financial, commercial, and political integration of the region. The principle processes Owen displayed substantiates the historical background of Middle East’s efforts to develop its economy. There was an erosion of the handicrafts, agricultural production, the ineffectiveness of the industrial enterprises and ...

The competition is a prerequisite and characteristic feature of the market. After all, if the basis for the functioning of a market economy put the domination of private ownership of the means of production, which, in turn, acts as a guarantee of freedom of choice for entrepreneurs in their activities, and certainly there is competition between them. The word competition comes from Latin and means to flee together to compete on some other career. This competition is crucial for establishing market prices, which are the main feature of a market economy. Competition (in the economic sense) - the rivalry ...

Introduction. Short mentions of the history of Samuelson Multiplier-Accelerator Model or the Hansel-Samuelson Model and the idea of the paper. Thesis statement. Models based on the interaction between the accelerator and multiplier are models of Keynesian sense and describe the process of economic transition from one equilibrium state to another when exogenous parameters change. Samuelson Multiplier-Accelerator Model is a model of the business cycle, in which the mechanisms of market fluctuations are explained on the basis of the principle of acceleration and the multiplier concept.

Main body.

Basis of the Samuelson Multiplier-Accelerator Model: Samuelson Multiplier-Accelerator Model includes only the market of ...

The neoclassical growth model also known as the Solow-Swan model was put forward to explain long-term economic growth and development by examining economic variables such as accumulation of capital, growth of labor and advancement of technological processes. This model can be used to provide theoretical framework which will aid in explaining and comparing the economic growth of China and India. The model stresses out on the manner in which examine and interpret data. For example, China’s high level of investment should not be directly interpreted as steady economic growth (Huisken 238). This is because economic growth in the ...

Context of Globalization

Context of Globalization

Introduction

This paper examines how the concept of globalization is useful in comprehending changes in our society, and also explores how neoliberalism has driven the direction of these transformations. It discusses the notion of globalization, historical concepts that led to social changes and philosophical tenets that form neoliberalism.

Globalization is a term which explains transformations in the economy, politics, culture and social aspects around the world. The concept of globalization eliminates geopolitical boundaries between countries and promotes the global movement of products, services, and labor. Although many sociologists have explored the idea of globalization, they have not ...

Introduction

It is imperative to note that productivity growth is an aspect that is often used by economists to gauge the performance of an economy. In evaluating the living standards of a country in the long-term, the efficiency with which capital and labor are combined has a significant role to play. However, it is worth noting that productivity alone cannot be relied on to measure the performance of an economy as it is inefficient. The concept has made most analysts to focus on other features such as labor productivity, a figure that is often arrived at by dividing the total ...

Introduction

Price was and remains the main tool that provides a proportional development of production and unity of interests of market relations. Basis for analyzing the structure of the economy, its challenges, opportunities and prospects for socio-economic development is based on the identification of the essential features of pricing, determining the structure of prices, price proportions. Successful economic development of any country or subject of a market economy depends on clear and effective functioning of the price, because they reflected the entirety of economic relations and the relationship between members of social production. This is possible if the mastery of ...

The American Economy has faced one of the most destructive economic crises in 2008. The crisis started in the sub-mortgage markets has expanded to the financial markets, and the largest financial institutions have declared their bankruptcies. Subsequently, the collapse of the financial markets has spread to all the industries in the country. What the American lost in the global financial crisis and what made the recovery from the crisis tough was the loss of trust for the American Economy among the agents in the economy. Until 2008, the economic development in the US was based on the consumption economy. ...

Abstract

Given the importance of human resource economics to address labor utilization together with its implications for the greater economy, the accumulation of human capital is one of the major related topics. Human capital collection greatly drives the instrumental economic considerations such as unemployment, employment turnover, and the functions of both the labor unions and government policies. Unlike most of the resources that depreciate with time, investment in human capital increases in appreciation and continually exploits the available resources. Although it may consume time, it ensures effective use of qualities and skills while enhancing other resources. The human resource plays ...

Importance of Entrepreneurial Activity to the UK Economy

Assignments 2 Introduction The constant growth and evolution of economic relations, both between countries and between entrepreneurs within a country, are requirements for the creation of new business forms. Entrepreneurship is an important, but not a sufficient factor in economic and social developments of countries (Waschik, Fisher and Prentice, 2010). However, if left uncontrolled by the state, entrepreneurship can become just as harmful as the administrative-command system in an economy. Entrepreneurship is essential for the development of a competitive economic environment; in order to give the final consumers the freedom of choice, but does not content with goods offered ...

The role of the state in the economy: A historical perspective

The role of the state in the economy has been a subject of discussion for many decades with different views emanating from a broad range of the individuals and institutions in the field of economics. Since the early 1900s, various economists have continued to investigate the various roles of the state in economic development. The investigation led to the distinction of the roles in two broad categories, namely; normative and positive roles. Normative roles refer to what exactly the state should do to maximize the welfare of the people. On the other hand, the positive roles outline what the ...