Essays on World Economy

China's leading role on the world market is undeniable. Over the years, Chinese reforms transformed this country from a backward agrarian one into a leading industrial power, by industry of which the stability of many countries depends on. Another proof was the fact that since 2010, China has become the second largest economy in the world after the US, ahead of Japan, which had occupied this position for 42 years (Greenaway & Milner, 2010, p. 20). Today, China is the largest consumer, producer and exporter in the world. China encourages the discovery of new commercial and industrial enterprises, the implementation ...

Oil Prices Fluctuating In the Middle East

Introduction Oil being a commodity is subject to high levels of fluctuations as opposed to the stable investments like bonds and stocks. In particular, Organization of Petroleum Exporting Countries (OPEC) plays a significant role in influencing the prices of oil across the globe. As a result, OPEC controls around 40 percent of the global supply of oil by setting the production levels that caters for the world demand and it can determine the prices of gas and oil by reducing or raising the levels of production. At a particular point in time, OPEC vowed to maintain the prices above $ ...

The current Russian-Ukrainian war is the largest armed conflict in Europe since World War II. The front line where active fighting is taking place is over 1000 miles, and general losses amount to hundreds of thousands. No wonder the war between one of the world’s largest fossil fuel providers (Russia) and one of the world’s leading agriculture countries (Ukraine) has had global impacts in multiple economic areas. If you need to develop a Ukraine vs Russia war essay regarding this topic, the example paper below will make a great starting point for your research. In case you, for some ...

Question 1:

The first significant change or the trend which will influence the future of raising finance is the public relations of the entrepreneur. The main reason is that due to the economic environment, most of the investors is investing in the established and profit making business to minimize their chances of losing. Therefore, for the entrepreneurs, to generate startup finance or to raise the finance to expand the business is heavily relay on their personal relations. For example, if there is an investor in the family, friends or other close relationship, then it is highly probable that the entrepreneur can ...

Investing in Saudi Arabia Market: Oil and Gas Services

Dissertation Proposal Rationale of the Study The rationale of the study is stipulated by the necessity to extend the analysis of the investment opportunities in Saudi Arabia market, the greatest oil, and gas supplier on the Arab Peninsula. The role of Saudi Arabia in the global economy is determined by the significant amounts of raw hydrocarbon deposits – the explored volumes of oil and gas equal to 40,3% and 22,7% of the world deposit accordingly. The experts estimate the financial assets of public and private Saudi Arabian structures in around $4 trillion. Economic and political processes taking place ...

Neo-liberalism encourages economic liberalism, promoting the divide between the rich and the poor; it is active today, that is why it’s neo or new. However, it has lost dominance since the 1990s because of growing awareness of, and resistance to, its negative consequences. Peters and Bourdieu point out that The World Bank, the IMF, the WTO, the Asia Development Bank (ADB), the OEC, the General Agreement on Tariffs and Trade (GATT) and the GATS have promoted neoliberal policies like privatisation, free trade, lowering labour costs and shrinking public expenditure (qtd. in Jiang 13). The neoliberal policies imposed by ...

A proposal in partial fulfillment of the requirements for the degree of

Introduction Wheat (Triticum sp.), an extensively adapted crop, is one of the primitive and primary staple food crops in the world. Wheat is cultivated from temperate; dry to irrigated or rain-fed areas, to warm, humid or cold conditions. Such a high adaptability is attributed to its intricate genome (Acevedo et al., 2002). Wheat cultivation covers more land area compared to other commercial crops and endures to be an essential food grain for humans (Curtis, 2002). Estimations reveal that by 2050, the population of the world will reach 9.1 billion (34 percent greater than today); correspondingly, the food requirement and ...

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

Before the collapse of the USSR the international community was divided into two opposing parts: the socialist and capitalist countries. Among the latter, there were so-called third countries - a group of developing (mainly underdeveloped) countries ("Third World Definition | Investopedia", 2011). This division was confrontational due to the idealistic notion that the whole world is going through a transition to socialism, which represents a higher stage of economic development and social justice. In socialist countries, it was believed that socialism can be achieved without going through a long, painful years of feudal and capitalist development. Currently there is no ...

The World Bank and the international monetary fund (IMF) are financial institutions within the system of the United Nations. Their main aim is to improve the living standards of the citizens of their member states. The approach used by these institutions in the achievement of their objectives is complementary. The IMF focuses on microeconomic issues while the World Bank focuses on reduction of poverty as well as long term development of the economy. This paper is set to highlight a brief history of the IMF and the World Bank, compare the two international financial institutions as well as highlight ...

Abstract

This study examined the effects of a fixed currency exchange system on China’s economy as well as global growth. The study analyzed the different economic indicators of China and their relation to the fixed currency system. We predicted that this system had an effect on various sectors of the economy and resulted in economic growth which is consistent with recent research on the benefits of a fixed system to the economy. The system has made goods from China cheap hence increased its exports and strengthened its manufacturing industry which has had a positive effect on global economic growth. ...

World rankings of XIX century depended on many factors, but the most important of them was the military power of the state. The maximum level of development of the military power of a state is determined by the extent of its military capabilities. The military potential of the state is a set of involved and potential material and spiritual possibilities of the state, which can be used for military purposes at the maximum and timely disclosure and use. Each state shall take care of the effectively implementation of its policies, the protection of their interests in international relations, ensuring ...

Introduction

It is a cliché to say that the relationship between China and the world has become complex, multidimensional and interdependent. But that does not mean that we fully understand the complexity of the Chinese attitude towards globalization nor its interdependence with the world in general and the Western industrial democracies in particular, with the implications thereof. The thesis that we develop in this article argues that economic interdependence greatly strengthens Chinese authoritarianism in its ability to politically influence the attitude of States and civil liberties in Western democracies, rather than the reverse. It contradicts the usual thesis that Western ...

Establishment of BRICS was one of the most significant political events of the beginning of the XXI century. BRICS is a group of five fast-developing countries: Brazil, Russia, India, China and South Africa. The organization was founded in June 2006 during the St. Petersburg`s Economic Forum with the participation of the Ministers of Economy of Brazil, Russia, India and China. Before the inclusion of South Africa in 2010, the organization was known as BRIC. For the first time the acronym BRIC was proposed by Jim O'Neill Goldman Sachs`s Bank analyst in November 2001. The sequence of letters ...

Literature Review: The Impact of Globalization on Organizational Development and Change.

For the purpose of this literature review, the following Problem Statement will be deliberated upon: What is the Impact of Globalization on organizational development and change? In this regard, two sub-problems and their respective hypotheses have been identified. An examination of related resources has brought to light a number of theoretical perspectives and research findings which have been evaluated, described and synthesized hereunder.

HYPOTHESIS 1: Better relations between countries. The effects of globalization on the world been the subject of innumerable studies, quantitative as well as qualitative and while earlier academic discourse focused on its political ramifications, recent studies ...

For the first time, the initiative of the Trans-Pacific Partnership (TPP) was put forward by New Zealand, Singapore and Chile in 2003. In 2011, after the accession of the US the concept of the agreement was essentially changed. Since 2011, nine countries were conducting negotiations on accession to the Trans-Pacific Partnership: USA, Australia, New Zealand, Malaysia, Singapore, Vietnam, Brunei, Chile, and Peru. Canada and Mexico joined the negotiations later, and in 2013, Japan joined them. Currently, these countries make up the basic structure of the partnership. There is a possibility that the Republic of Korea, as well as Taiwan, ...

Abstract

Banking and finance is arguably and in reality one of the biggest industries, if not the biggest. According to a recent report published by IBIS World, the banking industry has collective revenue of around $687 Billion. This is consolidated for the approximately 5,324 individual businesses and firms tied to the industry. In terms of its manpower size, the said report claims that the industry as a whole employs, both directly and indirectly, some 1.56 million people . If building doing business in the banking industry is being considered a venture, one has to factor in some important factors such ...

Electric Transportation for personal, industrial, and public transportation is the largest investment that will prepare for the future financial stability of any utility company. Many utility companies across the globe have already begun the transition and many more will follow. Now is the time to get in on this new technology that is assuredly bound for complete integration into society during this century. The United States has been a leading nation in many technologies, now is the time to lead with electric transportation and the American utility companies can be that leader. Everyone knows that the fossil fuel industry ...

Analysis of a Panic of 1907

The world has a witnessed some global financial crisis. The most notable one is the great depression that had severe impacts on the economy of the world. Developing nations were adversely affected by the crisis that hit many free markets. Nevertheless, the 20th century was marked by a panic, which ensued on the Wall Street. The aftermath is that American economy and Europe was not spared either as well as the rest of the world. The main aim of this exposition is to analyze the book The Panic of 1907; lessons learned from the Market’s Perfect Storm by ...

Introduction

The changing economic situation and global trends often impact the European economies and Germany is not exempted. Germany has asserted its authority as one of the global economic powers with reduced cases of unemployment and growing economy. In the past decade, German took major steps towards changing the labor market in what turned to be labor reforms. The radical labor market alterations have since yielded the lowest form of unemployment. Economic growth remains critical to every nation’s progress. While economic growth determines the living standards of every member of the nation, the contribution of the citizens towards nation ...

The economy of a nation sustains the country itself. By extension, it also affects the economic activities of the country surrounding it (Brenner 2003). A country maybe developed, developing or a third world economy. It takes some factors clustered together to be able to achieve that. Manufacturing and production are essential elements that sustain a country’s economy. It makes important corporation entities to a country attaining a clean bill of health by acceptable universal standards. Moreover, this paper is will look at Ford’s impact on the Mexican economy by evaluating how the corporation contributes directly to the ...

This essay seeks to explain more on various world economies to include, Ottoman, Safavid, Qajar and North Africa. These savings had existed before the modern global economy came into existence. On the eve of world war 1, Ottoman empire comprising of present day Turkey, Syria and Palestine, Iraq and parts of the Arabian Peninsula, originates from early times of the reign of Suleiman who was the Magnificent. He led the country into becoming one multinational, and lingual country that had Western Asia, North America, Caucasus and South East Europe under their rule. It had a period of economic reforms ...

1. What is the key learning you have taken from society’s effort to create meaningful environmental shifts? Environmental shifts that have been seen in society since time immemorial can only be taken as a survival strategy. Environmental shifts that have been marked from the age of Jurassic are only meant for social survival. Human kind shifted itself from nomadic creature to domestic animal and that was only meant for survival. An organisation must put focus on the environmental factors for the survival which is “profit making”. The environmental changes may include political, technical or demographic changes. Either change ...

Crude Oil Prices: Market Supply and Market Demand

Abstract The primary purpose of this paper is to understand how supply and demand factors contribute to a consistent decline in crude oil prices across the globe. Furthermore, the paper seeks to understand the impact resulting from the fall in the U.S and the global economy and implications of the same. In the introduction, the paper starts by acknowledging the importance of crude oil to the world economy and the fact that it is an ordinary commodity whose price is influenced by the market forces. Oil prices are renowned for their instability in the market, an aspect that is ...

Introduction

The severity and suddenness of the financial crisis of 2008-09 had taken the world in surprise. It had an immense impact on the economies around the world. A major casualty was the labor force. Unemployment had increased alarmingly. The astounding fact about the great depression was that the economists and financial analysts failed to predict a crisis that took such a great proportion to engulf the almost the entire world. It raised doubts on the effectiveness of Economics as a predictive science and made the profession of economists questionable in the intellectual spheres. The depression have been mitigated with ...

Introduction and context

The oil industry and its pricing are an important subject in the international finance. The oil is the most important commodity in the world economy. Oil took an economic and geopolitics importance after the World War II in the 1945 and the Gold Standard elimination from the United States of America in 1971. The oil and its price in the United States Dollar are the bases of the world economy. Currently, the oil is its lower value from 2003 when the oil barrel has a value of 20-25 USD. The oil barrel achieves the highest value of history in ...

Response to the great recession of 2007-2008

Introduction The 2007 financial crisis had various causes, with the primary ones being the failure of key corporations in the state, asset value depreciation, lack of adequate government intervention to control the financial market and finally reduced economic activities. However, to manage the situation, both regulatory and market strategies were sought by different stakeholders, with the aim to achieve economic recovery in the U.S. Global housing bubble reached its peak in 2006, leading to significant fall in the valuable asset price by a margin of 40%. The different securities attached to the housing market were exposed to more risks, ...

International Business Management

Part 1: Introduction Multinational Enterprise (MNE) is one of the most complex forms of international business. This company uses the international approach in the search for foreign markets and the distribution of production, as well as a comprehensive global business philosophy, providing economic activities within the country of origin and abroad.

corporate integrity, based on the principle of equity participation; focus on achieving strategic goals and address common strategic objectives of MNEs; having a single unified management vertical and control center in the form of a holding company, a bank or a group of related companies; open-ended nature of ...

In Promoting ASEAN Tourism Growth

Abstract The purpose of the paper is to analyze the tourism sector of ASEAN countries and understand the challenges of newly formed ASEAN Youths Organization in promoting tourism in the ASEAN region. Research refers to evidence that the Asia-Pacific region is one of the fastest growing regions in the world. That notwithstanding, the flow of tourism to the region is still not as high as the influx of tourists to Africa, Europe, and America. ASEAN Youth Organization’s mission is to reveal a sharp curiosity about ASEAN countries and on each other as far as the issue of tourism ...

The United States economy influences the global business environment in a significant way. The reason behind the control is that the US is a superpower, and its economy is linked up with other foreign nations that the US is interacting with through international trade. Also, the US connects with the developing countries through aids and grants it issues to the countries. Through the international trade, United States acquires a significant amount of revenue since the economy invests in the importation of primary inputs and exportation of machinery and auxiliary products. The earnings make the economy run on a relatively ...

The 21 century faces global challenges in the structure of the world economy. Yesterday’s leaders failed to manage appeals of the globalization, however, other developing actors found new opportunities for the economic growth. The main trend of the present changeable world is rapid and steady shifting towards emerging economies. In fact, they do not possess the same economic potential in comparison with the developed countries, but nevertheless, they demonstrate the impressive pace of development and try to compete for the leadership in particular areas of business. India can be a candidate for the position of a new global-growth ...

Analysis of the Global Warming Issues and Their Solutions

In the last decade, humanity faced a new problem that has assumed the global character immediately. This problem is related to the intensive growth of the average temperature of Earth's atmosphere and ocean, that is why it was named global warming. In the last century, scientists were able to identify some of the causes of this problem and predict its consequences. To date, global warming has become a threat to the life of all humankind, as temperature rises. Thus, many processes and phenomenon assume a negative and even deadly character. In order to understand how it threatens humanity, it ...

The Question

The global financial crisis has caused a structural breakdown in all the parts of the economy. The primary influence has been on the behaviors of the consumers, and the consumers are comparatively more risk averse. This situation might support the recession and its negative influences on the economy.

The Relevant Facts and Circumstances

The most recent global crisis has caused important losses for the consumers including their houses because they could not afford to pay the mortgage loans back to the banks. The crisis started in the sub-mortgage markets have widened to the other financial sectors and the real sectors. Consequently, the American economy ...

Globalization is defined as “the process of international integration due to the interchange of world views, products, ideas and mutual sharing and other aspects of culture” (Albrow and King, 1990). Advances in technology, especially in transportation and communication, have helped bring about globalization. While humans have interacted over long distances for millennia, large-scale globalization could be said to have been triggered in the 19th century. One special aspect of globalization has been the creation of the world economy. The globalization of economies across the globe means that there is now an economic interdependence among the economies of many nations. ...

1.0. Introduction China is regarded as one of the strongest economies around the globe. Especially, within past three decades, it has gained massive impression through its rapid economic growth. It is not very long ago when China’s GDP crossed the figure of 14% and overtook several of well reputed economies of the world (The World Bank, 2015). Basing on this tremendous performance, majority of economists and analysts did not haste to forecast it to be the world’s strongest economy by the end of 2025 an indication of which is also given in the diagram given in the ...

Income Inequality and Wage Determination

In this paper, I will analyze a news related research on the relation between the richness and the life expectancy. The news article by Ronald Bailey conveys information about an economic research on the wealth and the life prepared by the Brookings. According to the research, the life expectancy is getting relatively higher among the rich people(top ten percent of the population) compared to the poor people (bottom ten percent of the population) (Bossworth, Burtess & Zhang 1). The studies indicate that there is a strong relationship between personal income and life expectancy. Especially, the technological advancements in the ...

The profitability of human trafficking in the form of slavery was a critical component that shaped the world economy. Indeed, slavery was a lucrative business in the 16th century where merchants used to exchange slave with manufactured goods from Europe. Industrialization which was labor intensive prompted wealthy businessmen to source for free labor from Africa where slaves used to work in their industries and plantation farms for nothing thus reaping a lot from the benefit of the labor. The trading of slaves for manufactured goods and the massive profits those merchants made from the trade qualified slavery to be ...

Impact of Unemployment on the Long Term

The unemployment is defined as the state of looking for a job and not being able to get a job. The unemployed people are willing to be in the labor market; however, the economies cannot produce enough jobs for all the workers. The unemployment might continue the long term, especially after the recession times in the national economies (Krueger, Cramer and Cho 230). The ability to create new jobs is very essential for the national economies. The recession times in the world cause an increase in the unemployment rate, and some of the unemployments are long-term unemployments. The most ...

CONTENT PAGE

Introduction

Components of a networked community Characteristics of a network society Privacy of information Identity and networked communities Effect of emergence of networked society on capital and labor Arguments for a networked society Critiques of the network society Conclusion Reference The Networked Society Introduction In the current world, people have access to adequate, accurate, and timely information. The interconnection of people has been made possible by the tremendous improvement in technology in the twentieth and twenty-first centuries. The access and affordability of communication devices like computers and phones for a long time has brought about a gradual change ...

In today’s economic and technological climate, the world’s consumption of oil and gas far outstrips our ability to replenish our supply. At the current rate of our oil usage, I do not believe it is possible to maintain our consumption for very long, as it would require the discovery of new fields on par with Saudi Arabia’s current supplies every decade. Even if we were able to find these new supplies and deposits, there is only a finite amount of oil remaining in the world, thus necessitating the consideration of alternative fuel sources. If the developed ...

Numerous studies have been conducted on various impacts of international trade on world cultures. However, contradictory results are suggested by various writers and scientific articles authors. This paper examines some academic researcher on the given topic to purpose that additional research can be conducted to better understand how international trade influences cultures and economy. Sokolova states that: “Although TNCs bring immense benefits, their functioning is often correlated with negative impacts as well”. (Sokolova, 2010) Eckhard Janeba states that: For economists globalization and trade liberalization are good because physical output increases as the result of international specialization, which in turn ...

Realist Perspective

For realism characterized the approach to international relations as a reality, which has a certain set of 'reality': military power, economic potential, the national interests of a country, etc. The main purpose of Realism is that states are seeking for power due to their means of either security or domination. Disregarding the logic of appropriateness, all the actions taken by the states are driven by the means of power. Theory of security dilemma provides the idea, that current international conditions should allow both Washington and Beijing to protect their vital interests, not presenting a serious threat to each other. ...

The relation between an epidemic and world economy

Epidemics have been influencing our world since time immemorial, affecting all the living creatures. Nowadays, apart from those alive, they also make damage to a more abstract product of our activity, which is economic development. Depending on different circumstances, related to the very health issue or to the well-being of its coverage territories and states, the scope of damage varies; for example, “[r]ecent epidemics of HIV/AIDS (and the linked epidemic of TB) and SARS have had strong impacts on the wealth of households, businesses and, in some cases, entire economies” (Bloom & Canning, 2006, p. 26). Consequently, all the ...

The age of exploration and colonialism was in fact the first period of globalization starting in the early Modern and going through the modern period. European explorers, traders, merchants and governments were primarily interested with trade with Asia and the Americas. The connection between silver from Spanish America and Asian spices and luxury products was one of the main drivers of the world economy from the sixteenth to the eighteenth century. As always economic changes seem to have another, even larger social impacts. Greater interconnectivity between Europe, its American colonies and Asian markets and its connection to the global ...

Foundation Course – Name

Introduction The US-China international relations attract much attention of politicians and economists all over the world as the key influential and transformational factor on the global arena. Ferguson & Schularick (2007) adopted the term “Chimerica” to describe the peculiar relationship between US and China established during the decades. According to ancient Greek mythology, the Chimera was a monster with several heads, legs and arms representing a strong animal able to dominate the world and threaten its stability. Analyzing the world global crisis 2008-2009 and recession phenomenon Ferguson & Schularick (2007) referred the “Chimerica” concept to the emerging monster, which currently regulates ...

COMPARISION BETWEEN THE UTILITY OF WALLERSTEIN’S WORLD SYSTEM THEORY AND FOCAULT’S THREE UNDERSTANDINGS OF POWER

The world systems by Immanuel Wallenstein and Michel Foucault’s three understandings of power are some of the most important theories that explain power differences among nations (Polat 2012). Their relevance to international relations is that these schools of thought all endeavor to explain reasons why there is power imbalance among world nations in their trade and political relations with one another. According to the world system’s theory, there is need to have a holistic study of the entire world economy as a system in order to understand how each country fits into the whole world system.

Meaning of Power

The ...

Abstract:

Many experts argue that there needs to be high flexibility in the way in which the economic integration policies are set. This means that there will be a space for allowing speed and formulations of geometry, regarding the developing economies. There should not be such an integration which overlaps with the memberships in such organizations and contains varied objectives, keeping up with each one being a tough task to handle. The way in which a developing can choose the right global economic integration for itself is by making comparisons and distinctions between the comparative advantage of the preferences in ...

Introduction

One of the most important things, if not the most important one, that society needs today is energy. Energy comes in many form and moist literatures focusing on this topic would agree that among all the possible sources of energy, oil comes as the most heavily demanded, and hence the most important. In fact, one may argue that the geopolitical movements and decisions that have been made in the past half a century have been motivated by access to this important energy-related commodity. There are many possible sources of energy but even though oil just comes as one of ...

Vanishing Middle Class: Implications for Management and Business

The middle class person belongs to a social group that falls between the upper and the lower working class, speaking in terms of socio –economic factors. The degree of socio-economic factors varies from one country to another and differs significantly. However, it is seen that, in most parts of the developed world, the middle class has slowly and steadily started to vanish. The issue of vanishing middle class is primarily related to the business, the reasons for this are:

- In countries such as America and UK, several workers are struggling to survive, as rapidly changing markets and technologies ...

International trade is defined from various sources as the exchange of goods and services between countries. International trade allows countries to expand their markets for both goods and services that may not otherwise be found domestically. In international trade, the goods and services are called imports and exports and it mainly involves foreign exchange. International trade is either visible (exchange of goods) or invisible (for exchange of services like tourism and electricity).

Imports: these are commodities ...

Japan was left with 3 million dead people and an empty treasury when the world II was over. The nation stood up and became a major player in the world economy within two to three decades. There are various factors that contributed in the flourishing of the Japanese economy. This paper intends to discuss Japanese economy with a historical perspective and other related aspects.

Japan learnt a lot from its past experiences. Japan was almost devastated in the World War II. The country was determined to regain its prosperity and the power. Japan focused on the industrialization in the post world ...

- Introduction

1.1 Background developments

Traditionally, accounting standards have been developed by different countries on the basis of local legal, economical and cultural institutions frameworks (Elliott and Elliott, 2009, p. 158). As a result, the standard setting was very country specific. With the globalization process at work for the last 3-4 decades and increasing mobility of capital internationally accepted accounting standards have become necessary to facilitate cross border transactions and make financial reporting comparable between countries and companies thereby leading to a greater transparency for investors (Nobes, 2004). IASB has been set up as a private international standard setter with a mandate to create high quality accounting standards ...

It has been 5 years now, but the world economy is still hovering over with ill effects of global economic recession. Different economist define recession in a different way but one common definition which can be derived is that recession is long lasting and prime reason for slowdown to economic activity(GDP). GDP is considered to be the broadest indicator to measure economic activity. Our following section will discuss how the economic activities in US has actually decreased since the beginning of market turmoil.

Fall in Consumer Consumption Expenditure:

Consumption Expenditure is the most integral component of GDP calculation and consumer consumption accounts for 70% ...

Abstract

The shift towards globalization was induced by social, economic, political and technological realities of a changing world. As such, this paper discusses the main drivers of globalization and what specific factors determined the shift towards a global economy. The paper investigates how the economy became global and what are the implications of a global economy for domestic industries, for consumers and for companies activating in various countries and competing with very diverse rivals. The paper shows that while globalization has its challenges and also its negative effects of maintaining less developed countries or third world countries in poverty, there are also advantages ...

The state of the world order has often changed throughout history due to various events that redefined which region or country held immense influence around the globe. Since the end of the great wars, the West – led by the United States – held immense power as to the course of international politics and determined the standards of the rest of the world. In recent years, Western dominance was close to being invincible in every aspect of the world. However, when the Global Financial Crisis struck, the public and experts alike noticed a significant change within the world order. A few even ...

India: Reforms, Policies, Development

Report

Abstract India’s economic miracle has always been the point of interests for western researchers. India has become a successful example of a rapidly growing economy due to a number of political, economic, social and industrial reforms. This country has become the world’s leader in hi-tech sphere, producing, supporting and implementing the world’s largest volume of software and hardware. In this report, the structural development patterns are shown during several periods, which brought tremendous shifts in economic, agricultural and industrial sphere making India the global leader in numerous aspects. However, efficient reforms have not solved certain social problems ...

Introduction

The world economy is on a continuous upward growth trend since the past decades. With the world population continuously surging to new highs, it is only normal for the greater world economy to expand with it. After all, every person or population consumes a certain volume of product or service. This means that the larger the population is, the greater the demand for market products and services would be. The world economy can be divided into various fields and industries. It is important to note that each economic sector and or industry experiences a more or less unique trajectory and pace in ...

MNCs are more likely to pursue global uniformity or differentiation

Introduction The Multinational Corporations (MNCs) are an essential part of the world in terms of an economy that is directly associated with the employment and trading. The performance of the multinational corporations is based on its employment structure and the human resource capability. The employees are the primary factor to achieve competitive advantage based on their knowledge and skills. The realization of the importance of the human resource management is directly resulting in the best practice of the human resource policies. As the multinational corporations are operating in a number of countries, therefore, such organizations face several kinds ...

Identification of Malaysia’s Economic System 3

Evaluations of Malaysia’s Economic System.. 4 Rationale of Malaysia’s Economic System on Utility Maximization...7 Pricing Mechanism.. .9 Conclusions.. 11 References... 12 Identification of Malaysia’s Economic System The economic systems of the vast majority of the developed countries in Asia, Africa and Latin America are supposed to be mixed. In spite of the fact that there was the backward, predominantly, pre-capitalist, economic structure characterized by the use of primitive equipment and technology, it did not prevent from being the leader in the economic sector against the background of the particular economic ...

It is no longer possible to completely stop global warming is no longer possible, however strenuous efforts should be made to minimize its negative effects. Sakurai asserts that environmental conservation is bound to trigger decreased operational costs. An important feature of the globalization of the economy is an increasingly close relationship of development to changes in the environment. The influence of ecology on the global business should not be overestimated. In his article, Masamitsu Sakurai outlines three stages of environmental conservation at Ricoh. The Passive Stage included regulations and reactions to outside pressure, while during the Proactive ...