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All posts tagged Economics

Democracy Is Not a Pre-Requisite to Economic Development Essays

The relationship between democracy and economic development has long been debated. Does development come first, followed by democracy, in later stages of economic growth? Or does democracy actually pave the way for development? These questions are especially relevant today due to the on-going economic reforms in various parts of the…

The Effects of Global Economic Recession on Tokyo’s economy Essays

The Download the original attachment TokyotoEffects of Global Economic Recession on Tokyo’s economy “We’re in a very bad way at the moment and things are getting worse.  Tokyo is no longer in a recession — it’s in a depression.” James Malcolm, senior economist at JP Morgan Securities (Asia) Following the September…

Pestel Framework Essays

A. Using the PESTEL framework, identify which of the factors are impacting the tourism industry in your country. B. Indicate also which of the factors that you have identified are most important and why. A. The PESTEL framework is designed to provide managers with an analytical tool to identify different…

The New Organization Summary and Study Guide Essays

The New Organization Summary and Study Guide             The article “The New Organization” published in The Economist discusses the new forms of corporate organizations. The way people work has changed dramatically, but their companies’ structure does not match the new changes. According to William Whyte’s book published 50 years ago,…

How Does Antitrust Policy and Regulation Affect Ecomony Essays

How does antitrust policy and regulation affect economic welfare? Antitrust policies and regulations placed by the government of the United States are geared for the competitive process. Several rulings on major companies have been made in order to have a set of guidelines of when a government intervention is needed.…

Infrastructure Development V/S Rural Economy Essays

Infrastructure is of great importance for an economy and without developing of proper infrastructure no country can ensure its economic growth. The development of infrastructure in any economy is directly related to the economic welfare of its people. Rural infrastructure includes the roads, finance, transport, electricity, communication and warehousing. In…

Adam Smith Biography and Contributions Essays

Adam smith Adam Smith /1723 – 1790/ Adam Smith gave the first scientific explanation of the working of the capitalistic market economy in the conditions of a free competition. For the first time in the history of economic thought Adam Smith worked out a complete economic theory that corresponds exactly…

My Plan to Fix the Economy Essays

If I were the President of the United States, the first major challenge I would address is the state of our economy. I think it is important because most of the issues our country faces stem from unemployment, bankruptcy, credit crisis and outsourcing of businesses. Our economy also affects global…

Economic Policy and the Global Environment Essays

Most economists agree that high levels of unemployment are costly not only to the individuals and families directly affected, but also to local and regional economies and the economy as a whole. We can make a distinction between the economic costs arising from people out of work and the social…

British imperialism Essays

British Imperialism was a large factor in the development of India economically, politically, and socially. Imperialism is the relationship between countries that out of the purpose of seeking more authority by conquering other countries or by establishing economic and political dominance over other countries. The “dominating” nation benefits from the…

Article Analysis: Economic Concepts and Principles Essays

In recent years education reforms have been a major concern in American society. The article, Study: Students Need More Paths to Career Success discusses offering career-driven alternatives to a four year college degree (Armario, 2011). In examining this article I will answer the following questions: 1. Is the title of…

The Historical Relationship between Economic Development and Environmental Quality of Less Developed Countries Essays

1. Introduction Overview Globalization, arguably the most important of modern day processes, continues to be a subject of intense debate and controversy, even as it increases with every passing day; integrating communities, societies, nations, and regions with an ever tightening gridlock of sharing of trade, business, knowledge, and culture. Extolled…

National Income Accounting Essays

National income accounting provides economists and statisticians with detailed information that can be used to track the health of an economy and to forecast future growth and development. The measure of national income allows us to compare output and the standard of living of one country with another, an increase…

The Giant Pool of Money: From Riches to Economic Crisis Essays

The Giant Pool of Money:  From Riches to Economic Crisis Introduction             National Public Radio, in episode 355 of its This American Life radio program, presented a story explaining the origins and the causes of the current economic crises in the United States.  The story was titled The Giant Pool…

1800’s Transportation Us History Essays

In order to create regional, national and international markets, strong commerce, trade and transportation are necessary. During the 1800’s, social change became more prominent in different areas of the country such as the South and Midwest. As economic prosperity grew, the need for new and more efficient means of transportation…

International Trade Theory Essays

International trade theory explains the concept of the international trade and distributions of the gains from the trade. The theory highlights the necessity and importance of the trade. International Trade theory highlights the different models of international trade, that have been created to define the diverse ideas of exchange of…

Theoretical framework Essays

The provision and development of Infrastructure has been subject of much theoretical analysis and empirical studies. It is referred as an umbrella term for many activities and named as “Social Journal of Business Management & Social Sciences Research (JBM&SSR) ISSN No: 2319-5614 Volume 2, No.1, January 2013 _________________________________________________________________________________ www.borjournals.com Blue…

The Economics of Life Essays

This is a book which was written in collaboration of a Nobel laureate winner for economics and his wife. The couple collected essays which first appeared in Business Week magazine. They have used these essays to show to the popular audience how market incentives influence human behavior in many ways…

The Economics of Automobile Sales Essays

The Economics of Automobile Sales Introduction     In the most basic sense, the buying and selling decisions in a free economy come down to the buyer or the seller’s selection of the option that benefits them most.  This is true from the fictional widget that is discussed in the classroom…

The Economic Stimulus -Public Works Essays

The Economic Stimulus -Public Works The current society is characterized by a dynamic political system in which political parties devise innovative techniques to woo the electorate. A common feature of the political system is that the existing political parties struggle to be disciplined and responsible, but in doing so, a…

The Economic Problem of Scarcity of Choice Essays

THE ECONOMIC PROBLEM OF SCARCITY AND CHOICE Introduction 1.      What is Scarcity According to Cunningham and William (1915 -1919), scarcity simply means that people require more goods and services than demand can provide. The two further state that scarcity occurs in a situation where the quantity of the goods or…

The Economic Crisis of Costa Rica Essays

Introduction For the period of three decades preceding the 1980s, Costa Rica had growth and development policies that fashioned a living standard of its kind and the most pleasing in Latin and Central America. On the other hand the economic crisis in the wake of 1980 and the foreign debt…

External factors affecting Business Essays

Most successful business start-ups are owned by believers and proponents of good strategic management, a regimented 7-stage discipline involving vision and mission development, external assessment, internal assessment, long-term objective setting, strategy identification and selection, strategy implementation, and performance evaluation. Well-meaning strategic management practitioners consider five (5) key external forces in…

Criticism on Historical Cost Accounting Essays

Criticism on historical cost accounting 1. Inability to provide useful information in times of rising prices * Assumes that money holds a constant purchasing power, so the result become irrelevance in times of rising prices * Received much criticism during high inflation periods of 1970s and 1980s. * Obvious flaw…

The Declining Dollar Essays

The Declining Dollar      According to Mann (2004), the high growth in Japanese, European, and other markets around the world, especially during the late 1990s and early 2000s, led to a fall in the demand for U.S. exports.  This is, of course, an important reason why the country is experiencing…