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The major factor being that huge investment in infrastructure development is not a panacea for lifting the economy that is significantly impacted by rising unemployment and escalating inflation. Krugman, the eminent economist, and Nobel Laureate has been quite vocal in his approval of Obama’s package.
If a country wants to abolish the practice of rent seeking behavior, the government officials will have to be firm in destroying the practice of corruption. This can be done by increasing the penalty imposed to government officials who will be proven to have willingly participated in the practice of political corruption.
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Reports by the American Petroleum Institute (API) on late Tuesday indicated an increase of crude inventories to 3.3 million barrels the previous week contrary to analysts’ forecast of a drop of 2.25 million barrels. The API reported a fall in gasoline and distillates supplies. In the weekly supply data reports of the Energy Information Administration of the Energy Department.
The response to the attacks by the US has resulted in a loss of liberty and privacy, as the government has used the attacks as an excuse to delve ever more into our personal life. Because of the attacks, library rentals are scrutinized, as is internet surfing. Americans may now be subject to electronic surveillance without warning or warrant.
The author states that the assistance from these agents is influenced significantly by the degree of transparency that the organization chooses to adopt and the approach that the organization adopts towards its corporate social responsibility. The precise definition of Social corporate responsibility is often subjected to arguments and discussions.
In terms of consumers, opportunity cost plays a very important role in decision making. Opportunity costs help make more informed decisions and provide a clear idea of what can be gained instead of investing in one place (McConnell, Brue, & Flynn, 2008). Consumers use this as a means to ensure that their investments are put to best use.
The causes of these structural changes have been widely argued. Reasons given include the effects of changes in the overall demand due to rising consumer incomes, competition from low-wage developing economies and the crowding out of private sector activities as a result of the growth in the size of the non-market public sector and many others.
The results of a survey administered to 100 randomly selected individuals from Beijing, China confirmed the hypothesis that China’s automobile manufacturing sector is positioned for considerable growth. Millions of Chinese with the financial means will be purchasing automobiles in the years to come.
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It can be concluded that the best decision is to purchase a car. However, this is not true in all situations. A host of other factors are involved while making a purchase or taking a lease decision. The most appropriate way of calculating is by discounting the present value of the car in different situations.
According to Dr. JOEL SENTSHO (n. d), “export-led growth (ELG) is an economic development strategy in which export, and foreign trade in general play a central role in a country’s economic growth and development” (Dr. SENTSHO, n. d, p.2). The economic growth of a country depends on many factors and export growth is one among them.
According to the World Wide Web, kanban may be defined as a system that is designed to ensure that sufficient tools/supplies for workers for when and where they need it. In other words, this production system is designed for continuous manufacturing. This system is most times compared to a supermarket.
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The long term objectives of an investor differ from person to person. Objective may constitute arrangement of income after retirement, purchasing of a house property, or any other goal. These days investors seek some sort of financial independence. That implies that investors require certain amount of income from investment portfolio in order to maintain a particular standard or status of life without caring about the future.
As we have seen the contribution of the manufacturing industry to the UK economy has experienced a decline in terms of both relative and absolute employment. However, the output from the manufacturing industry has increased considerably during the period in which employment declined.
India has been promoting its exports through various measures like 1) cash subsidies on exports, 2) bank loans at cheap rate of interest, 3) facilities being provided by the government for importing machinery and raw material, 4) concessional freight, railways, and shipping charges and 5) income tax concessions (Jain, Trehan and Trehan, p. 299).
With the vast variety of markets existing in the world, there is a lot of competition for those marketers who try promoting new products thereby giving the world the concept of an emerging market. Markets are determined by their extent and demand. The extent of a market may be defined by geographical boundaries or by the cost involved in transporting the goods to far-reaching areas.
Despite the level of growth and development of different countries all over the world, the problem of unemployment continues to persist. In the United Kingdom alone, latest statistics reveal an unemployment rate of 7.8% or an estimated 2.7 million in absolute terms as of May 2010 (Office for National Statistics, 2010).
In measuring unemployment, the United Kingdom Office for National Statistics (UK-ONS 2009, p. 7) gives emphasis on the unemployment rate. According to the UK-ONS, the unemployment rate is the proportion of the economically active who are unemployed (2009, p.7). The economically active are either employed or unemployed (UK-ONS 2009, p. 7).
Indeed, unemployment increased considerably during the early 1990s due to economic contraction, however, the problem was tackled in 1993, and the UK government observed a continuous decline in the unemployment rates. The size of the market also increased substantially because of the rise in population and increment in consumer purchasing power.
Last year, the Centre for Economic and Policy Research (CEPR) estimated that unemployment in the United Kingdom, measured in terms of the “harmonized unemployment rate”, was at 6.6% or up from 5.3% in 2007. The unemployment rate of the United Kingdom was the ninth-lowest unemployment rate among the 21 countries sampled by the CEPR.
According to a report of 2007, unemployment in the United Kingdom reached 10, 00000. The report reveals that the applications in 2007 for Jobseeker’s Allowances were around 835,800 which is not a good sign (Economics Help, 2007). Unemployment not only impacts an individual’s life and living standard, but it also affects the mind of a jobless person.
Robinson (2008, p.49) asserts, “Globalization is characterized by related, contingent, and unequal transformations”. Corporations and multinational organizations play a crucial role in shaping the economy of the world. Mittelman (2000, p.4) states, “Globalization is not a single, unified phenomenon, but a syndrome of processes and activities”.
The author mainly focuses on the element of competition and all other aspects that are related to it. The research includes an extensive survey of literature with the purpose of finding relevant information that will provide a comprehensive understanding of the present scenario of business environment throughout the world.
What exactly is globalization? Globalization is the process whereby people from different parts of the world can interact freely and easily without any unnecessary barriers (Williamson, 1996). Globalization has effectively made the world a smaller place. People can move around the globe interacting with different people.
The demand for a market, on the other hand, is determined by factors such as fashions and trends, affordability and the availability of substitute and complement goods. Emerging markets are usually international markets that set their grounds in a foreign setting and try to create a demand for their goods.
The several layers of problems that occur then lead to difficulties in the overall economy and standards of living. Finding ways to solve the specific complications of poverty begins with understanding the specific definitions of what it means to not only the individual but also the economy and social standards.
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The importance of international trade with respect to economic growth has been highlighted from the introduction of trade liberalization policies. Liberal set up or opening of barriers is crucial to generate comparative advantage and the less developed countries might “import productivity gains from overseas” (Álvarez-Albelo, Manresa and Pigem-Vigo, 2005, p.2).
The author states that by forwarding the contract we mean this contract, which contains the price that has been agreed and fixed by the MNC to be paid at some future point of time and at the specified exchange rate. Profit and loss are determined after the forward contract has expired.
Generally speaking, the word Credit Crunch refers to liquidity and financial crises where cash available for spending on goods and services is much lesser than the cash required. The world also faced a Credit Crunch situation in 2008 – 2009 after the debacle of financial markets in the USA and in the world.
The slave plantation crops have assisted economic development in many ways. The development in the economy also booted up the system of industrialization. The system of slavery was helpful since it owed a cheap labor force. The ideologies and the culture acted as a platform for considering the slave system as a justifiable social system.
In general, it is really quite significant to notice that recently Canada’s completion policy has been redone to attract the global investors and to compete with the strong contenders like the USA, but the law and its administrations are still in the evolutionary stage lagging far behind the global reality.
Arbitration is a faster and cheaper way of litigation. Arbitration basically implies a way in which disputes are resolved with the help of knowledgeable and learned individuals or a panel known as “Arbitrator”. The arbitrator can even be a third reliable party between the two opponents. They make a decision outside the court of law.
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The author plunges on an issue quite important and vital and hints a very important area by hinting that the rise in economic growth has not solved the problem of unemployment. The rise in income level and economic growth has not paved the way for reduction of poverty and the elimination of the burden of the economy on the environment.
There is a food shortage in many parts of the world with people living out their lives with below requirement nutrition. This phenomenon has triggered chaos in the minds and hearts of people globally. The race to accumulate resources has forced prices in commodities to sky-high. Even basic food items are at their highest.
Australia has quite a number of sectors that are shining. Some of these include E-commerce, Agriculture, medical services, and Cleantech (Research White Paper, 2010). All these taken into consideration have played a great role in ensuring that the country’s capital market even nowadays remains strong and stable.
Today, no one on this planet is safe from the direct or indirect consequences of globalization. Consider the following scenarios. Bavarian Motor Works (BMW), a German automobile manufacturer found itself hurt by the Mumbai terrorist attacks of 2009 because it has a production plant in Calcutta that had to be shut down.
The real value of money will be falling due to inflation. Similarly, you will not be earning the interest that you could have earned if the money is deposited in the bank. Stuffing money under a mattress will be a good idea if the inflation is rising faster than the interest that the bank is giving.
A housing program will be introduced to stabilize the market and millions of people would be financed at low mortgage costs. Investments are made in the segments of energy, health care and education to restore fiscal accountability to the spending by the government to get better facilities (Organising for America, n.d.).
Based on market and situational analysis like Porter’s five force analysis, a marketing manager will be able to analyze various factors like buyer and supplier powers, competition rivalry, potential entry and other threats, and based these the managers will be able to implement either cost-leadership approach or differentiation approach.
The author states that by identifying the strengths and weaknesses of their economic systems, the ability to compare and contrast the two countries, economy-wise, will be learned. The comparisons will be based on the following economic characteristics: Ideologies that affect their business climate, Economic System, Industry Focus, Price System.
The author states that while the southern part of this island formed a separate republic called the Republic of Ireland, Great Britain took hold of the Northern part and 18 provinces are under it. While Northern Ireland forms a part of the United Kingdom, the Southern part enjoys independent and separate governance.
Very often liquidity trap also takes place. It refers to the situation where the increase in money supply interest rate does not fall and interest elasticity of demand for money becomes infinite. It is caused because of a severe recession. Crowding out effect means a tendency for a rising in government purchases of goods and services to bring a decrease in investment. It happens because of the expansionary fiscal policy
The optimal condition of output occurs at the level of the output where Marginal Revenue (MR) equals Marginal Cost (MC) and as a result of which the firm generates a positive economic profit. The existence of economic profits in the industry will attract new firms to join the industry and avail the opportunity of earning profit. As the number of firms in the industry increases.
Many people believe that China’s economy may surpass the US economy in the near future itself and China will become another superpower in the world. Even the Americans looked suspiciously at the growth of China. Many people have a false belief that China’s economic progress has started recently only.
There are various theories that relate the two and focus on their relative importance. While some of the theories like that of the Frankfurt School ignore one process completely, others like Marxism emphasize on the significance and mutual dependence of both the processes. As a result, the relation of the two is a critical factor that affects the benefits of the consumer and the producer.
This acts as an incentive for farmers to produce more corn and sell at a high price as the law of supply states that price of a good is directly related to its supply; if price increases, quantity supplied increases. The supply of corn also depends on the availability of resources or inputs such as land and labour, prices of substitutes.
By the 1980s the top ten chaebols alone held 25 percent of Korea’s manufacturing industry and the country’s economy became heavily dependent on these huge conglomerates as chaebols expand and developed sectors such as shipbuilding, heavy engineering, consumer electronics and, more recently, automobiles. (Channon, p. 35) (See Appendix 2)
es, the passage of the Civil Rights Act of 1964, and additional legislation to protect older workers (Age Discrimination in Employment Act, 1967) and those with disabilities (Americans with Disabilities Act, 1990) have helped define diversity through the establishment of protected classes (e.g., race, sex, national origin).
Responsibilities fell heavily on German and Japanese combined policies to cause a downturn in the American economic sector by driving them not to withdraw but to continue pace with over production and less profitability. Hard driven by these competitors as America was, it started to experience boom once again in the last two years of Reagan’s government.
An effort has been put forward to add a discussion on the transaction cost and the handling of the same by SAFTA. “A trade bloc can be defined as a ‘preferential trade agreement’ (PTA) between a subset of countries, designed to significantly reduce or remove trade barriers within member countries” (ECDPM, n.d.).
The given paper demonstrates that it is justified to say that developed WEST has used technology for mechanization and automation in recent years to substantiate their competitiveness by becoming highly productive and cost-efficient producers, which has resulted in considerable job losses in recent past.