We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Political Economy In The World: Rebirth Or Failure - Essay Example

Comments (0) Cite this document
Summary
From America to Europe and the Far East, the economic crisis has not spared anyone. Today, in 2011, after four years from the beginning of this great Odyssey, we are still trying to understand why it happened?…
Download full paper
GRAB THE BEST PAPER
Political Economy In The World: Rebirth Or Failure
Read TextPreview

Extract of sample
Political Economy In The World: Rebirth Or Failure

Download file to see previous pages... Political boundaries, economic boundaries. Apparently distinct and separate, but actually living in perfect symbiosis. Economic boundaries change abruptly and this is due to the fact that today we have an increasingly evolved world with an increasing number of technological services on offer. If economic borders change so suddenly, also political boundaries should change appearance and travel in parallel within the economic sphere. What happens very often is that the political classes don't change or mutate their philosophy and their way of working to tackle the problems of a country. How to explain this big handicap? Failure or difficulties in solving problems much bigger than us? When the gap between the political and economic border is so huge it is extremely difficult to close and an entire country can enter a deep crisis where growth becomes very difficult. This last major recession began in the United States of America the principle cause of this recession was the massive import of low cost capital from Asian countries. This massive import involved large numbers of the American population who invested in these capitals particularly in the real estate market. This was a risky operation, without any financial guarantees but all done with one goal: to make the best investment at the lowest cost. This led to financial and economic meltdown that has rapidly involved private investor’s banks, credit institutions both large and small and also involving public bodies. From America to Europe and the Far East, the economic crisis has not spared anyone. Today, in 2011, after four years from the beginning of this great Odyssey, we are still trying to understand why it happened? Once many, strong, solid and powerful economies are on the verge of bankruptcy and those that were once small powers are now the emerging economies that are likely to become the new economic powers of the future? There was once China, Brazil, Russia and India: they were poor and subservient to the power of the West. Today the Western world, from Europe to Wall Street shudders. The ransom of poor economic states is about to begin. By 2020 China will have a GDP double or even triple of the USA and also the Eurozone is in danger of being crushed by the Great Wall of China. How is Europe living this situation but especially in Brussels, the seat of the European Parliament? And how is Italy working to avoid the nightmare of a default and get over this crisis? First of all you must know the causes that have weakened the entire European economy. Chinico 2 The cause is to be found in the public debt. A debt so big that it is creating serious problems to many States, including Italy. The debt problem was born many years ago. We can also identify the .origin from the period beginning in the mid-70s through to the 80s. The economic boom of the 60’s in Italy and Europe developed a high gross domestic product. The growth in the labour market, in industry and the increased production in manufactured goods meant an increase in wealth. This wealth brought a greater happiness, stability and confidence. From this there was a greater trust: this word has misled Europe and the rest of the world. The combination of this “trust “and a series of weak governments particularly from the mid-90s onwards meant that there was an increasingly higher level of accepted wastage in the form of public debt. At the end this situation became ever worse and gradually brought a decline to some countries. Italy, Portugal, Ireland and Greece in particular are experiencing a period that is far from idyllic. In Greece the country is collapsing under the crisis: staff cuts including a reduction in State employees, a considerable increase in the unemployed and those employed in precarious jobs and many families have been impoverished. Italy is likely to experience the same situation if it does not make serious structural reforms. The new Government, ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Political Economy In The World: Rebirth Or Failure Essay”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1393277-political-economy-in-the-world-rebirth-or-failure
(Political Economy In The World: Rebirth Or Failure Essay)
https://studentshare.org/macro-microeconomics/1393277-political-economy-in-the-world-rebirth-or-failure.
“Political Economy In The World: Rebirth Or Failure Essay”, n.d. https://studentshare.org/macro-microeconomics/1393277-political-economy-in-the-world-rebirth-or-failure.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Evaluate the transition from oil based world economy to an economy driven by alternative energy sources
This dependency on oil to solely fuel nations has led to what is called oil based world economy (Kumhof & Dirk 20). Not all counties have this reserve and this is where the challenge comes in. Very few countries are able to harness oil and due to the increase in its demand each year due to increase in population, the price of oil has been on an increase steadily over the years.
10 Pages(2500 words)Essay
World Economy
These major shifts have obviously been facilitated by global connectivity. Radical transformations in the way businesses are carried out have become possible with Internet and other technological developments. The globe has shrunk and businesses are competing on larger platforms.
6 Pages(1500 words)Essay
Political Economy
The importance of cultural industry is not merely limited to its economic capabilities (which is, of course, relatively strong); but also to the prominent role it has on the making and unmaking of peoples' identities, attitudes, values and lifestyles. The dynamics and complexities of the relationships between culture, creative industries and the political and economic development of societies have gained the attention of theorists and researchers from the mid-twentieth century itself.
15 Pages(3750 words)Essay
Political Economy
In this essay, I am going to look at some of the major economic theories and their assumptions especially on the need and role of government action or involvement in the economy. This analysis is based on a review of john Freebairn of the Australian car manufacturing industry.Markets are generally a system of social arrangements that allow people to gain information regarding goods and services.
2 Pages(500 words)Essay
Images
L’Oreal, the French world leader in cosmetics, is one of the best cases of the channel and brand image consistency. This has led to
2 Pages(500 words)Essay
Political Economy
With the growing advancements in every field, there have been downsides. Two major factors that are slowly becoming a menace to the world and a cause for concern for authorities are recession and the ever increasing population growth. These two factors have had
6 Pages(1500 words)Essay
World economy
Only then, the manager or the leader might identify the changing trends and demands of the target customers and act according to it.
4 Pages(1000 words)Essay
Political economy
e is mandated to fulfill effectively, however, in their bid to fulfill this needs, they are always confronted by few and unlimited resources, for this reason, a choice steps in (Gregory & Stuart 2013 35). Economics has several branches that that deal with how this important
7 Pages(1750 words)Essay
Political Economy
The head of state was also assigned the responsibility of coming up with trade agreements and policies with other trading partners using his political influence. However, there
5 Pages(1250 words)Essay
International Political Economy
The relationship between politics and economics are interrelated in that they affect each other by either controlling the policies or practices. This is essay will dwell on the three main challenges facing the International Political Economy the roots, causes and possible remedies that could solve these issues .
8 Pages(2000 words)Essay
Let us find you another Essay on topic Political Economy In The World: Rebirth Or Failure for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us