Essays on Reinhart

Gross Domestic Product

In this document, readers will be presented with the concept of macroeconomic and its involvement in the development of a gross domestic product. Macroeconomics deals with the routine, arrangement, performance, and management of an economy. It includes national, provincial, and international economies. The most important measure of economic activity in a country is the Gross Domestic Product (GDP). The GDP of any country can be improved by increasing its disbursement, production, and profit. To measure the GDP of any country, one needs a consequential aggregation of all categories of manufactured produced. The territory's manufactured products are the crossing result ...

Global Financial Crisis in the US

Introduction It was hard for the economists, professional analysts and policymakers among other players in the financial industry to foresee the crisis in the US mortgage lending industry in 2007 that resulted in the world's worst economic recession in two years' time (Sher and Iyanatul 2010). Initially, there was a housing bubble characterized by high house prices, low-interest rates, more support for subprime mortgage and increased speculation by the buyers (Acharya and Schnabl 2010). Eventually, there were decline of house market prices, increased lending rates and increased default and foreclosures by the mortgagors (John 2009). Notably, by mid-2008 the ...

Question reviews

An expatriate is someone who is hired by a company and moves to a foreign country to manage one of the company’s branches. The person is hired when the company does not find a qualified person to carry out the same job from the same country. There are advantages and disadvantages of hiring expatriates. Expatriates are more likely to have a higher output quality than the local employees. Local employees may not be familiar with the company’s tradition. Expatriates are more likely to train new employees in a better way. The local country may also have a ...

The problem of chemical waste disposal has for a long time been a dilemma for the industrial sector. In ancient times, small industries, such as smelting and cloth making, had some wastes to dispose, and this was also a problem (Martin and Schinzinger 54). In modern industries, chemical engineering is a vital sector of each and every industry dealing with any chemical, either as a raw material, a byproduct, a product, or another item used in the production process.

Although several advances have been reached to improve chemical engineering in all industries, and laws are established to guide the processes of waste disposal, it is debatable ...