Essays on Economic Policy

Market discipline has evolved from the real need to address the financial concerns that brought on the last few financial crises. The international economy is tied deeply to the financial sector, and international organizations such as the International Monetary Fund and the World Bank have been tasked with providing ease of liquidity throughout the world, while also helping to protect the flow of capital across borders to facilitate trade. These financial institutions are remarkably limited to what they can do because they hold little sovereignty over the independent nation-states that compose them; only the World Bank is effective when ...

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Introduction According to the Associated Press, there were more poor people residing in the state of Washington in 2013 compared to the previous year. This was the case despite the poverty levels remaining steady “across the nation” (Le par. 1). In addition, the United Way has recently revealed in a “comprehensive report” that “1 in 3” Washington households “struggle financially” (Hobbs pars. 1, 22). The experts have arrived at their own conclusions as to why that it is currently the case in the state. However, even though the cause of poverty in Washington State has ...

Month date, year

Abstract This study takes a critical look at inequality of wealth in the United States of America. It takes an empirical and objective look at the concept with regards to variables surrounding its occurrence in the American society. The topics and subheadings that are developed in this study are causes of wealth inequality, how to combat wealth inequality and also the consequences that the US environment is likely to suffer from due to its occurrence. The major aim of the subheadings is for the researcher to have the audience convinced beyond every reasonable doubt about all the variables concerning ...

Several market and economic as well as fiscal factors may influence the existence and operation of a company. Precision Machines for instance may be affected by the following economic and market factors;

Market factors.

Mergers and acquisitions If Precision Machines Company competitors enter into a merger or one of the major competitors acquires the other, the company’s growth prospects may be severely hampered. Some of the ways in which the company will be affected are as follows;

Economies of scale.

The merged companies may enjoy increased economies of scale in terms of discounts on purchases, (Elvis Picardo, 2014). Bulk purchases made by the ...

One of the most common entry strategies for MNCs is the joint venture. Why are so many companies opting for this strategy as they attempt to expand into overseas markets (E.g. US based Wal-Mart, the world's largest retailer, entered Brazil in 1995 by forming a 60:40 joint venture with one of the country's leading business conglomerates, Grupo Garantia)? Please provide specific examples and a rationale for your response. It is extremely common for MNC’s to use joint venture to build local alliances when entering into business in a new country or market. Joint ventures allow the international ...

US Elections 2016

Abstract The U.S. presidential campaign of 2016 is raging on and on. With the November approaching, and the campaign being on the rise, political issues of the U.S. are becoming more interesting to the world society. Till the beginning of May the number of candidates was still pretty sufficient to make any projections. Under Clinton’s presidency the relations between the U.S. and China may turn into a complete mess. According to her position, the U.S. should observe its national interests, and if China is an obstacle to their achievement, the relations between them should be at a minimum ...

Introduction – Immigration Crisis and Socio-Economic Development in Netherlands

Being part of the European Union, it was natural for The Netherlands to be impacted by the immigration crisis which had hit almost entire Europe. On one hand the administration of the country had to develop and implement strategies aimed at addressing the immigration crisis . Initially, the country had resorted to sealing the borders to prevent the influx of refugees . However, with international attention on the crisis - especially highlighted by the capsizing of boats carrying refugees in the Mediterranean Sea the nation had to resort to finally accepting immigrants into the nation. Needless to state that this move ...

Introductory Remarks

The USA has always prided itself on being a byword for the land of opportunities any person can enjoy. Such optimism may end where the issue of the minimum wage starts, as employees find themselves constrained by a salary ceiling. Forced into low-income groups of earners, there is nothing they can do except resort to aid or social programs to meet their individual or family needs. The situation round the use of aid has come to reach an alarming point judging by the scope of the issue. Employees representing fast food, home care, childcare, and part-time college faculty sectors ...

The welfare of a country and its position among other world nations is hugely determined by its economic policy. Saudi Arabia is one such country with a consistent and stable economy and is one of the most important international players. It is the largest oil exporter among the OPEC countries, its de facto leader, an influential player among the GCC countries and the most important partner of the USA in dealing with Middle East issues. In this essay, the economic policies and exchange rate policies of Saudi Arabia are discussed in detail. Also the foreign investments and operations of ...

The Economic Policy Institute (par. 2) noted that there was a growing momentum in America to increase the minimum wage. The government has various option to execute to achieve a higher minimum wage. This paper focuses on three of them. The most viable option is to use policy formulation. The current law on minimum wages set it at $7.25 per hour. It follows that the Congress can set up a higher value for the minimum wage. Upon raising the floor for the minimum wage, all businesses are under obligation to follow, and, therefore, would work. However, opponents claim that ...

INDICATORS:

Income level: High Income Population: 35.54 million (“Data” 2014) GDP at market prices (Current US$): $1.785 trillion (“Data” 2014).

GDP per capita (current US$):

$50,230.8 (“Data” 2014). GDP growth (annual %): 2.44 (“Data” 2014). FDI Inflows: $59.6 billion in 2014 (“Trade Policy Review” 5). FDI Outflows: $58.2 billion in 2014 (“Trade Policy Review” 5).

Balance of Payment:

Current account balance (BoP, current US $): (-) $ 37.47 billion (“Data” 2014). Current account balance (% of GDP): (-)2.1% (“Data” 2014). Import of goods and services (BoP, current US$) : $580.7 billion (“Data” 2014). Exports of goods and services (BoP, current US$) : $564.6 billion (“Data” 2014). ...

Structural Adjustment Programs (SAPs) are those economic programs which are implemented by the International Monetary Fund (IMF) and World Bank with an aim of improving the economic status of developing countries. This programs were started in the 1980s and loans which were based on the conditions that the borrowers have to abide to. These loans which are offered by the World Bank to the developing countries are referred to as Structural Adjustment Loans. They are called Structural Adjustment Loans because they are meant to adjust the structural development of these developing countries. The loans are meant to remove the ...

Abstract

The current paper explores the main differences of the Great Recession in 2007-2009 from other economic collapses in the history if the United States. Section I discusses the general features of a recession and describes the main responsibilities of the National Bureau of Economic Research. Section II is devoted to the comparison of the Great Recession with the recession of 1980s. The section is divided into four subsections. Subsection A presents the basic comparison of recessions in the U.S. history and explains the choice of the 1980s period for the further comparison. Subsection B explores differences in unemployment in ...

Ladies and gentlemen, it is common for economists to advise us to save money. Many times, this sounds like an issue affecting few people, but the reality is that in America, the number of people not saving is significantly highly. According to Sparshott, one of the Wall Street Journal economist, nearly one in every three Americans is saving no money. Besides, the number of the people who set aside some money for future use has reduced from 73% in 2010 to 68% in 2015. Clements, also a Wall Street Journal economist contended that although to some extend savings might ...

Abstract

Developed countries have long agreed that there is a necessity to assist developing countries if the world is to develop continuously without issues. These developing countries have the capacity to compete against developed countries if they are given enough support and education on how they can bolster their development. Today, two regions are currently succeeding in breaking the expectations of the international community and they are East Asia and Latin America. Since the end of the Second World War, countries for both regions launched extensive economic reforms that enabled prosperity to persist in the region. Considering this change within ...

Introduction

Resource curse has been one of the most debated economic issues for the past four to five decades. Indeed, it refers to a theoretical approach that connects certain indicators of a country’s economic growth to its reliance on natural resources such as oil, gas, and minerals. According to a general belief (termed as ‘resource curse’), the countries that are rich in natural and non-renewable resource are characterized by lower levels of democracy, economic growth, and development as compared to the countries with less or no reliance on these resources (Sachs, and Wartner, 2001). On the basis of the ...

NAFTA refers to a trade agreement that has been signed by Canada, Mexico, and the United States. This created a trilateral trade relationship between the three nations. The deal came to effect on January 1, 1994, and over passed the earlier Canada-United States Free Trade Agreement. The agreement was as a result of intense negotiations between the three countries, and later each country needed to get it approved and ratified by the respective parliament. The trade agreement shaped the business relationship between the three nations and positively impacted the lives of the respective residents. While NAFTA agreement targeted towards ...

Recession refers to short period associated with decline in economic activities such as decrease in stock market business, high unemployment rates, poor housing facilities, high cost of due to low purchasing power of the country’s currency and general failure in the financial institutions. Recession may vary in terms of magnitude and in terms of how long it may persist (Gaston, 1994). Most economists’ belief on this subject is that recession differs from depression only by the degree of their severity. The implication is that depression is more severe form of recession-though with similar consequences. Usually, recession happens after ...

INTRODUCTION

Calls for a $15 minimum wage have been increasingly vehement in recent history. Protests and demonstrations have been forming on both coasts for the increased wage standard that has eluded so many Americans. However, this paper will argue that a minimum wage increase of this magnitude could negatively impact the very people it is meant to help. Technological advances that allow employers to replace low-skill workers (such as Macdonald’s self-service kiosk or grocery store self-check-out aisles) will seem increasingly tempting in a world where labor becomes increasingly expensive.

WHY THE MINIMUM WAGE IS HELPFUL

The Economic Policy Institute notes that a large proportion of ...

Introduction

Monetary policy and fiscal policies are important aspects of the analysis of the U.S economy, as they have a significant impact on the growth of the economy. Moreover, the two types of policy issues are always in active use in the country although the media offers much attention on various economic indicators. Nonetheless, both monetary and fiscal policies have a significant role in the development of an economy and must work together as they cannot exclusively work on their own. Fiscal policy works using tax and spending changes to impact on an economy in diverse ways. However, for any ...

Over the years the PRC existence, the country's banking system passed a difficult and contradictory path of development, reflecting the peculiarities of the economic policy pursued by the state at a particular stage. In the late 70-ies of the last century in China economic and social reform was launched in order to create a model of “socialism with Chinese specifics” which would combine the primacy of market principles and effective macro control of the administering state agencies. In the process of creation of this model, an important role is given to China's banking system, as it is an institution, ...

Conflicting Empirical Evidence and Potential Costs and Benefits in Recommendation Making

Education is one of the areas that have received attention from policymakers, practitioners, and government. The much attention that is put on the education sector is purely a connection between teaching quality and student achievement. Developing, maintaining and sustaining teacher effectiveness is always the role of the government, and this can be done in a several ways. The most popular policy that is taking center stage in the education sector is the provision of incentives for teachers with a view of increasing students’ performance in the learning centers (Behrstock-Sherratt, 2013). The incentives are majorly informed of finance as the ...

The research problem will be to investigate whether the patrimonial political systems of Singapore and South Korea are democracies that surpass their liberal Western analogues in terms of national growth and even democratization in some ways. It appears that, contrary to the popular misperception, democracy is not necessarily a lack of restraint and complete discretion or at least a range of freedom like the right to media. Sometimes, states like Singapore being low on resources and facing external threats decide on less liberal norms and behaviors bordering on authoritarianism in specific aspects. Regulated merit-based selection practices and disciplining norms ...

Trump is the leading presidential candidate of the Republican Party, and he is campaigning under the slogan of make America great again. His campaign slogan is based on several extreme economic and social policies. The economic policies of a president are mainly macroeconomics policies that affect all the components of the country’s gross domestic product. His main economic policies touch on taxes, labor supply, investments, and international trade. He looks forward to cutting individual and cooperate taxes, increasing the volume of exports, decreasing imports and increasing private investment (Trump, 1). The most popular and extreme economic policy that ...

 To date, in the fourteen Latin American countries, those in power are leftist politics (the issue what kind of leftism and the degree of radicalism it is about) will be discussed later. Regardless of all the uniqueness of the moment and the apparent dissimilarity of modern Latin American lefts with their predecessors, there is a clear tendency, which is characteristic for the Latin American model of development as a whole – a tradition of powerful leftist movements, the struggle for social transformation. Facing deep structural crisis, the continent came into a long strip of the struggle against the dictatorship, local ...

Introduction

The economy of Japan has seen a downturn with the economic crisis in the year 2008. Every country has been faced with the consequences that resulted in different impacts. The paper will present the economic indicators and overall economic situations in the Japan. The background of the country’s economic policies will be present, with international and regional trade agreements. The focus will be on presenting the specific economic data along with the definitions and interpretations. Further on, the current state of the country’s economy will be examined in the light of trade, fiscal and monetary policy.

Background on the country and recent economic policies

Japan ...

The 16th century exploits of Christopher Columbus and his men did not only bring about social, cultural and political clashes that created the United States, it also led to the process that resulted in the emergence of the state of Mexico. Mexico is an enigma of a country to the south of the United States border whose recent political, economic and social transformations have been overshadowed by its complex relations with the more prosperous United States. This country profile seeks to examine the history and current state of Mexico. It also explores and analyzes political culture, geography, demography, political ...

Part A: Annotated Bibliography

Edberg, S. C. (2015). Microbial Health Risks of Regulated Drinking Waters in the United States—A Comparative Microbial Safety Assessment of Public Water Supplies and Bottled Water. This article examines the differences between tap water and bottled water in the United States of America, especially in regards to safety, regulation, and source. Essentially, the authors underline that there is a significant difference in the quality of tap water and bottled water. Tap water is likely to cause infections when consumed whereas bottled water rarely causes infections. Infections resulting from the ingestion of bottled water are unheard of, and related ...

The United States of America suffered great economic recessions like the bank panic and depression in the 1820s. Again, there were the hard economic times that came in late 1830. The most significant economic illness that was so dark and so long came in 1930. It is what is commonly referred to as the Great Depression (Eichengreen and Barry 200). The adverse economic problem varied across many nations, having started as early as 1929 in most of the nations. It had its roots in the US after a significant fall in the stock prices that began in the last ...

Question 1

The United States entered World War I on April 6, 1917. The United States maintained the status of neutrality, and President Woodrow Wilson attempted to be an intermediary between the warring parties. The countries of the Entente conducted mass purchases of the American raw materials for military industry, food and weapons, thus strongly promoted economic recovery of the USA. Military orders led to rapid growth of the American industry and construction of the powerful military navy. It is possible to assume that participation of the USA became some kind of preventive measure on attempts of Germany to shake stability ...

Economic Impacts of European Union Membership to the United Kingdom

Since the UK joined the European Union in 1973, many things have changed and mostly it is on the economic situation of the UK. As it is well known, a good thing comes with advantages and disadvantages; if the advantages outweigh the disadvantages then it is worth the risk. Being an active member of the European Union, the UK has had to encounter both positive and negative economic impacts. In a general perspective, the positive economic impacts that the European Union membership has on UK’s economy are more compared to the negative impacts. Looking at the overall economy ...

In a neoliberal, globalized world, no country can exist on its ‘own’. In some way or the other every country is interlinked with the rest of the world be it its economy, its culture or politics. Neoliberalism, technology and increased globalization has transformed countries in a manner that was rapid and unprecedented. While some countries adapted themselves to the new ways of trading and conducting relations with other countries, some did not, resulting in the breakdown of their economies as well as their traditional systems of governance and living. The neoliberal policies originated in the developed countries of America ...

Candidate Number:

Part A: Plan of Investigation How did Lenin’s war communism policy compare and contrast with his new economic policy? (1921-1928). It is imperative to know the history of the current communism present in Russia and thoroughly understand its roots that started to take roots after the First World War. This paper investigates the similarities and differences that existed in the economic policies during Lenin's reign in Russia. Understanding the War Communism that set the foundation for the New Economic Policy is of importance so at to review the progressive nature of the country's economy. In as much as ...

Delivery date

Policies are principles put in place by the government to help guide them in making decisions so as to achieve desired outcomes. The States employ many strategies to help them bring about economic growth and development, as well as, increase the productivity levels of the country. This paper will focus on strategies employed by the United States government to influence economic progress and productivity. It will also assess whether each of the policies has improved or weakened the people’s quality of life. Approvals that might advance these policies will also be made. The most pressing challenge currently in ...

Question 1

The Great Depression which was experienced between 1929 and 1933 was the most severe economic downturn in the modern times. The depression enhanced economic changes such in macroeconomic policy, economic theory, and economic institutions. Millions of workers lost their jobs while businessmen and farmers across the world went bankrupt. The economic slump affected the industrialized nations and those nation producing primary products, such as raw materials and food, in one way or another (Smiley, p.34). For instance, in both United States and Germany, the industrial output fell by approximately 50%, and the unemployment level in the industrial labor force ...

Organizations are mandated as part of their objectified goals to formulate policies that are unbiased and geared toward the entire benefit of the society. There are numerous organizations that operate in line with this principle. Different documentaries and studies have recorded analyses and evaluations as to the viability of these organizations as far as the benefit to the state is concerned. Essentially, the state can be regarded as a large organization that seeks to protect and serve its citizens through its agents, state based organizations that are its subset. Fundamentally, a standard number of these policy research organizations seem (as depicted ...

Introduction

This summary was created for the purpose of identifying real-life examples of “Technology Strategy”. Based on the reference book Strategic Management of Technology and Innovation by Burgelman, Christensen and Wheelwright, technology strategy is defined as an overall plan that relates to the use of technology for an organization. The plan will consist of objectives, guiding principles, long-term action plans and other tactical elements. Technology strategy focuses on the process and the people involved in the deployment of technology.

Real life examples presented herein are derived from web resources and are analysed by answering the following questions:

- Similarity of the definition described in the article to the definition presented in the reference material; - Description of ...

Introduction

Adam Smith is one of the most revered economists that influenced the development of modern economic thought. Adam Smith is famous for coining the term “the invisible hand of the market” which is the perfect metaphor for market movements driven by supply and demand. However what makes Adam Smith’s thinking unique is how it ties is yet contradicts the teachings of great thinkers ahead of him such Aristotle and Saint Thomas Aquinas on their ideas of wealth accumulation and self-motivation. He also thought similarly but contrasted with his contemporaries such as Bernard Mandeville.

Adam Smith was a Scottish ...

- Find an outline an example of one economic policy/practice from any country that fits into the realist perspective of IPE. Don’t all choose the same country

The great example of the economic policy in realist context is Russian gas policy. Currently Russia uses its neighbor Ukraine to deliver gas to Europe, however the emergence of new projects for Russian gas exports to Europe provoked the gas conflict between Russia and Ukraine, which began at the turn of 2005-2006. Then Ukraine created obstacles to the free transit of Russian gas to Europe. Particularly acute gas war was at the turn of 2008-2009. The absence of the Russian-Ukrainian agreements on gas supplies and its conditions of transit interrupted the supply of hydrocarbons from Russia to Europe through ...

The most important economic policy today is one that will spur economic growth. The economy has to emerge from the serious problems it is currently engulfed in which include: high unemployment, reduced consumer demand, a shrinking middle class, a large national deficit and the mishaps of the housing estate. Unemployment is a major issue of concern to date. It is critical that a policy that will spur economic growth be implemented because the other variables are largely dependent on the level of economic growth (Von Mises, 2006). A fiscal policy that will increase incomes of household will raise aggregate demand, and then firms ...

Thomas Hungerford, Senior Economist and Director of Tax and Budget Policy at Economic Policy Institute, claims that taxing capital income will decrease the income inequality. According to him, the income gap between the different income groups is increasing because the capital owners are getting a relatively higher share from the generated income in the economy. Therefore, increasing the taxes on the capital incomes can decline the capital income. I strongly disagree with Hungerford.

Graph 1: Global Labor Share

It is true that the labor share in the income is decreasing all around the world. Karabarbounis and Neiman (2013) indicate this reality in their NBER research ...

Economics

The European countries are facing lower growth rates, just as they faced in history. The austerity measures have brought pain to the euro zone, and these measures provided no relief. The euro zone countries are reducing their spending by the double digits. Such reduction is increasing unemployment in Europe. The eurozone countries are trying to find the possible ways that are suitable for countries that are stagnant economically for the prosperity of the countries. In order to achieve the better growth for the economies, the countries are adopting austerity. Austerity is the intentional deflation of the domestic prices and ...

What can the first and second theorems of welfare economics teach us about economic policy?

What is economic policy? Economic policy refers to those actions that a government undertakes in order to influence its economy. These Economic actions include regulation of interest rates through Federal Reserve, regulation of the government expenditure, implementing rights of private property, and laving tax rates. Welfare Economics is the method of systematically evaluating economic implications in the alternative resource allocated. Welfare economics deals with weather the sources allocated are efficient and who is going to lose or gain by how much in various allocations (Mark Blaug, 2007).

Fundamental theorems of Welfare Economics

Welfare economics has two fundamental theorems which are as follows: First ...

Business

European socio-economic model is an amalgamation of the wide-ranging welfare systems and powerfully politicized and institutionalized forms of the industrial relations (Grahl and Teague). It comprises of the social security, economic life, educational system and the methods for driving the formation of human capital and for creating and diffusing knowledge. There are several advantages as well as disadvantages of the European socio-economic model. Considering the advantages, the European model is not merely a social model; rather it influences employment, production, growth, objectives and goals of economic policy and the competitiveness (Aiginger and Guger). The European socio-economic model is a representation of ...

Impact of Globalization in the United States Economy.

Globalization is perceived to be an international integration process emanating from world views, ideas, products and transformation of cultures. It has greatly been influenced by infrastructure in areas such as communication and transportation. There are four aspects of globalization that must always be considered. Globalization must have investment and capital flow within the economy, transactions and trade records, spreading of knowledge and easy movement of people within the world. The impact of globalization in the American state is widely discussed in Washington. The major part of the debate is about the macroeconomic effects of gross domestic product deficit ...

The development of Russia had many historical turning points. These changes were mainly connected with such political figures as Lenin, Stalin, Khrushchev, Brezhnev, Gorbachev, Yeltsin, and Putin. The Soviet economy depended on mostly political decisions but not economic programs. Although the basic economic system in Stalin, Khrushchev, Brezhnev eras remained unchanged, there were some peculiarities in these periods. The effect of Stalin’s policy had a profound impact on people and the state. In 1928, the Communists instituted the first Five-Year Plan. It dealt with such aspects of development as an industry, consumer goods, agriculture, transportation, communications, health, education, and ...

Part I

The theory of hegemonic stability is a theoretical modification of the common observation in post-world war II international relations. United States control was the key player in the successful world capitalist economy after 1945. Us in the late 1940s possessed not only prestige and unrivaled power, but also it had a purpose. America in three decades had intervened in two destructive wars after which it decide to remodel the formation of international economic and political relations in such a consistent way with its interest and liberal ideals. GATT-based multilateral trade and Bretton Woods international monetary regimes were the main legacies of the ...

Introduction

Economic consequences are extremely essential for the sake of an economy, as it is the only thing through which the power of economics of a country will get appreciation and upper hand in the market (Angermuller, Maingueneau & Wodak, 2014). Escalating stock market recognition, increasing economic power, Gross Domestic Product and Per Capita Income are some of the important aspects that found interactive and effective in the entire field of economics and management (Angermuller, Maingueneau & Wodak, 2014). In terms of significance, the subject of economics has its diversification in different themes that will be considered accordingly in the picture. The ...

Introduction

Malaysia is a nation positioned in the South East of Asia. The country practices a federal constitutional monarchical system, with control of 13 states. The nation lies in a space of 127, 350km2 with Kuala Lumbar as the capital city. The country shares land and maritime on both ends with the neighboring nations such as Thailand to the East and Singapore to the West. This essay seeks to examine the political, economic, social structure in relation to doing of business in Malaysia.

Political system, governance and Religion

As a point of departure, the political milieu of this nation has been relatively stable and this is immensely attributed to ...

Question 1: Please describe your short-term (3 year) career goals.

My short-term career goal is to gain a position as an economic policy consultant in the provincial government in China. Mainly, I hope would secure an opportunity to work in the poorer such as the West of China. Through extensive knowledge of economic policies, I have acquired adequate skills to help in the analysis of the poverty status in the region. The skills will enable me to identify the problems causing the high level of poverty and suggest necessary economic step the government should take as a remedy to the problem. I also look forward to an opportunity to help the ...

The role of special interest groups in American politics has been highly contentious. The national interest is a amalgam of varying private interests all vying for attention on the national stage. Instead of encouraging citizen involvement, special interest groups have magnified the fissures of the American political system. In this paper, I will discuss the role that special interest group play in public policy, examine the campaign reform movement and the pro’s and con’s. Interest groups were a concern that the Founding Fathers had since the founding of our nation. Modern day citizens hold the sentiment that democracy ...

What is the structural adjustment?

Structural Adjustment Programs were instituted to offer countries in need, the opportunity to avail loans from the International Monetary Fund or the World Bank. In place since the first half of the 1980s as an economic policy as such developing countries affiliated with World Bank and International Monetary Fund (IMF) can benefit from it, by the provision of loans qualified on the espousal of such policies(W.H.O, 2014). Elaborating, the loans are associated with circumstances akin to substantial policy reforms, the framework of which must be complied prior to availing the loan (Abugre, 2000).It was intended atevolving the ...

Introduction

Inevitably, the topic of economics is the most astounding and effective one for the economies, as the main crux of an economy and economic factors are always be effective for their future growth and effectiveness. Economics is a core subject that associated with almost every walk of life, and it can be used for different purpose all over the world. Economics is a subject that specifically associated with the earning and consuming the money accordingly and effectively at the same time. The two broad types of economics, on which the entire broad definition and outlook would be depending, are effective for ...

Political Economy of Social Welfare

I. Introduction Popular opinion refers to the sentiment, belief or view shared or held by the majority of the public about a particular issue of interest. On the other hand, socialization process refers to the way through which people interact to discuss an issue that affect their daily lives. When it comes to media, it has a wide influence on public opinion and can sway the views held by people about a particular topic of interest (Shamir & Shamir, 2000). In short, media help in shaping the popular opinion, especially so when people respond to their priorities and needs. Moreover, media also ...

THE AMERICAN ECONOMY IN 2014

Introduction 2 Why the Inflation Rate is increasing? 3 Economic Policy Suggestions 5

References 7

The American Economy in 2014 Introduction The American Economy has started recovering from the financial crisis began in 2008. The GDP is increasing at the average rate of 3% annually. Even though, the American Economy did not confirm a full recovery, it looks like that a new balance in the economy is developed. Graph 1: GDP Growth In the nominal numbers, the American Economy is producing again; however, the real values of the GDP indicate us that the Economy is not fully ...

Introduction

Economic development stands for sustained and effective actions of communities and policy makers that promote good standards of living and quality economic health of a specific region. Quantitative and qualitative changes in the economy also define economic development of a place. Any nation aiming at achieving an effective economic development must come up with a strategic plan that caters for the economical and social well-being of the citizens. Development forms one of the fundamental pillars that promote the economy of the nation. Development takes place in many aspects and various factors influence the development of the country. The location, types of economic ...

Classical model of the economy has weaknesses that Keynes took advantage of to come up with the Keynesian model. In the classical view of the economy, the belief is that the market will always tend towards providing full employment and that people were satisfied with what the real world is described to be (Caporaso, 1992). However, this belief could not hold any water when the Great Depression started in the economy. It was at this time when economists wanted a more rational way of formulating economic policies. The operations of the market in the view classical theorists failed to sustain ...

‘Instructor’s Name’

‘Subject’ Federal Government Vs State Government “The powers delegated by the proposed Constitution to the federal government are few and defined. Those which are to remain in the State governments are numerous and indefinite”. - James Madison, in 1787 The above words were uttered by Madison, which reflects that the founders of this nation had planned for minimal federal government and stronger state Governments. But gradually during the past 227 years, the federal government has become more powerful than the States. The role of the federal government expanded dramatically in the twentieth century, and today ...

INTRODUCTION

Economies these days face the challenges and combat with the rising inflation continuously. The structure of the macroeconomic policy encourages the economic growth. The tools used for the stability of the economy are in some of the cases referred to as the expansionary economic policy. The fiscal and the monetary decisions of the economy determine the policies which end recession. These policies are usually formed by the central banks which determine the increasing or the decreasing money supply. The expansionary policy is considered as an effective tool for managing the low growth periods which arise in the business cycle. ...

Microeconomic policies have an objective of improving the level of efficiency in the economy. Economic activities aim at the production of goods and services. The goods and services reach the consumer who is at the lowest end of the chain of production. Consumers use the goods and services to satisfy their unlimited wants (Mandler 1). In this case, the current event focuses on Abington House, which is a luxurious residential building affected by the inclusionary zoning program in New York. It offers residential services to the surrounding population. However, the apartments are expensive such that the rental rate per month ...