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Before the beginning of the Asian Economic Crisis, remarkable economic performance of the countries of East Asia were characterized by high savings rate and prudent fiscal policies. After the enormous capital flow to this region, attracted by high economic growth in the countries, weaknesses and infancy of the affected economies were exposed.
Auctioning has been a practice that has existed with humans for a very long time. In some archaic cultures we read of how when a lady was due for marriage, a special wrestling contest was organised for all men who were interested in the lady so that the winner was the man who married the lady.
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21 pages (5802 words)
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Indonesia is located in Southeast Asia with its 18,108 islands covering about five million square kilometers between Indochina and the Indian and Pacific waters. It is a Muslim-dominated country and is the fourth most populated country in the world. On the 26th of December in 2004, a 9.2 magnitude earthquake on the Indian Ocean caused a tsunami that killed about 230,000 individuals, etc.
To address the topic of the paper the researcher goes through a holistic perspective on the evolution of coffee business in Brazil. This has been facilitated through an in-depth analysis of facts and figures related to production, exports, quality, logistics processes and problems associated with the coffee industry in Brazil.
As it is shown, the Canadian manufacturers have proved to be innovative, resilient, and responsive to changes. Still, they need to improve on the fronts of product development and innovation to meet international and local competition. Protection of the intellectual properties is among suggestions to improve global competitiveness of the country.
The research highlights that the impacts of the crisis as diverse beyond the aggregate of the rising levels of unemployment and economic collapse, highlighting the differences in transmission channels, vulnerability of economies, and initial conditions, as well as the role played by government policy in dealing with the crisis.
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According to the research the UK Parliament is proposing a set of cuts which will put the country into austerity. These cuts will be detrimental for a variety of reasons, especially with regards to built environmental firms. This is because the flow of capital to these firms will be decreased, as will the flow of capital to banks. When the bank's flow of capital is decreased, lending practices will also be decreased.
The study examines the working of banking system in pre-recession phase and tries to find out the reasons, which created the environment for credit crisis. The researcher explains the problems, which should have been addressed to prevent it from happening, and also, the effectiveness of steps taken by the regulatory authorities to handle credit crisis and its effect on global financial institutions.
The economy of China has been showing continuous growth and development in the previous few years. The economists and analysts acknowledge the dramatic improvement in the economy of China with the passage of time as the country has evolved from an underdeveloped country to an emerging and developed world economy.
This article will explore the subject of resource and environmental economics of Russia under the following divisions: economic theories (the new economic theory; the new growth theory; the new trade theory); relationship between environmental regulations and industrial development; developing policies; industrial water pollution control practices; permits, fees and subsidies.
Ethics aren't a fad. They shouldn’t just be emphasized in the time of crisis but should be an ongoing part of the banking sector's practices. This will help this sector in running a successful business and also help sustain economic prosperity that is based on ground reality figures and not fragile figures and expectations.
This article will explore the subject of food prices in agricultural markets under the following divisions: theories and models of the effects of rising food prices; the opposing views; Engel’s law and the effects of food prices on the poor; policies and factors affecting food prices and their effects; the role of studies and researches.
15 pages (3750 words)
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The Great Depression The great depression was experienced in most parts of the world in the 1930s due to interconnectedness among nations. Many countries at this time were recovering from the effects of the just concluded First World War which began in 1914 and just a decade preceding the Second World War.
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According to the research findings joining any economic institution can have both positive and negative consequences but the key is to be aware of these and work diplomatically to create win-win situations. Considering that EU has agreed to help Ireland in recovering from the recent financial crisis it appears important to remain a member of the EU.
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South Africa is an economic hub of African mainland. There are two macroeconomic problems (i.e. unemployment and electricity access) which stifle the industrial development of the economy. Analysis of the current state of the hospitality industry is conducted with due consideration of that problems. Prospects of launching a venture are estimated.
The study would aim at answering these research questions: What factors affect the compensation of division 1 football coaches in the U.S.? Does the compensation of the division 1 football coaches in the U.S. follow the agency theory? What is the relationship between the compensation of division 1 football coaches and the compensation of other CEOs?
In essence this essay addresses the changes that occurred in England and transformed it from a subsistence based, feudal/ medieval economy to an Agrarian Capitalist society which smoothed the path for the subsequent emergence of the Industrial Revolution.
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The budget deficit for the financial year 2012 is 1,327 billion dollars (Chantril). The deficit for the years 2011 and 2010 was 1, 300 billion dollars and 1,293 billion dollars respectively (Chantril). The free market system exists in the economy. The budget impacts the growth of the economy and the allocation or redistribution of resources.
Agency Theory is a phenomenon mostly observed in institutions in which management and ownership are separate. This sort of mechanism is found mostly in a corporation, where the management of the organization is delegated to the managers of the organization (Berger and Patti, 2006). These managers are hired by the owners who hold stocks of the company and are part of the board of directors.
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The name of the company is Aldes Middle East (FZE) located in Sharjah, UAE. The company operates in the manufacturing of heating, ventilation, and air conditioning accessories and components. The consolidated corporate sales revenue for the company in 2000 was 144 million Euros. The company was able to add 20 million Euros more in the total sales revenue in 2005.
Conclusive decision on the correlation between financial markets and the real economy have not been reached in previous economic studies. As shown in the essay, various aspects of real economy affect financial markets either positively or negatively. In addition, it is made clear that financial markets impact on real economy.
There seems to be a general consensus among economists that house prices is one but an important variable in determining the direction that the national growth takes within a given economy at a given point in time. Like other goods and services in the market, the housing market is susceptible to the effects of demand and supply side factors, which may be quantitative and qualitative in nature.
BRIC countries - Brazil, Russia, India, and China - are considered to be the most promising and fastest emerging market economies of the world. They are prominent in contrast to other budding economies because of the fact that they not only hold economic potential but also possess demographic strength to become world leaders in a few decades.
As it is shown in the essay, there are number of studies that suggest how foreign aid could undermine the country-beneficiary and its people's ability to change their circumstance. Negative effects include the increase in power on the part of the government, the over dependence on foreign aid, and the adverse impact, referred to as Dutch Disease.
For a producer operating in perfect competition, when he raises the price of his product, his competitors do not raise their prices. As the demand for the producer’s product shifts to the products of the competitors, the producer is forced to resort to the original price. A monopolist does not have to worry about any such retaliation.
This paper explores the relationship between inflation and unemployment and identifies an economic problem which economies face stemming from the business cycle of economic growth.
The level to which fuel price fluctuations as affected by global demand for oil, which in turn affects transport costs can only be explained using supply and demand theories. This paper will discuss how fuel price fluctuation is affected by global demand for oil, which in turn affects the transportation cost.
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In sum, the economic relations between China and America have been characterized by a host of complexities. As it has come out from the review, America is an economically established country that has strong economic ties with various countries.
In the year 2004, Hungary had become a constituent of the European Union and was able to transform itself from a planned economy to a market economy. Even though this transition of Hungary was very encouraging and there was a continuous development in the performance of Hungary.
The main reason behind the occurrence of any recession is a decrease in the total expenditure of a country. Real GDP is considered the most appropriate indicator which gauges an economy’s movement. If the real GDP of any economy speeds up its growth rate, the chances for the economy to grow in the broader respects increase sharply.
20 pages (5000 words)
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Central banks are public institutions. They are established by the government and are entrusted with responsibilities to perform specific functions in the economy. Initially, central banks were created to serve as bankers to the government, that is, manage government finances. However, over the years it added various other functions.
Industry Analysis: Toyota’s Position in the Automobile Industry.An industry consists of a number of firms which produces goods that are close substitutes for each other. The structure of the automobile industry is that of an oligopoly with a few firms showing dominance.
European Union’s trade policy toward the developing countries leaves detrimental effects on the economies of the developing countries. One way or other, the EU’s protectionism and extension of heavy subsidies to its local farmers have supported the notions that the EU’s double standards heavily affect the developing economies of the world.
The goal of this research is to see what contemporary authors have to say about the major risks faced by small and medium enterprises as they entering international trade. Theoretical frameworks related to the question are considered.
Deposit insurance is fixed and pays claims from a pool of funds to which every depository institution frequently contributes. However, this covers only a fixed maximum amount per account holder. Thus depository insurance is the measure taken by various banks to protect their client’s savings, either fully or partly to avoid the bank from returning.
16 pages (4000 words)
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Regional economic integration among the Arab countries especially for the GCC countries has always been a notable phenomenon. The paper provides chronological review of the main stages of the Arab economic integration. Gulf cooperation council has become major regional intergovernmental political and economic union in this region of the world.
The government often involves itself in channelizing the funds towards themselves which in the deregulated market can flow into other sectors. The term that is used to describe such measures is called financial repression. Financial repression can have its effects on liquidating debts. McKinnon and Shaw first introduced the term in the year 1973.
The financial crisis affected the macroeconomic aspects such as the employment, government spending, domestic and international borrowing. In addition, it resulted to the poor performance of the stock market in many countries, collapse of the local and international financial institutions as well as bailout of the banks by the governments.
Noise creates a situation of risk for the noise trader. There was a development of a model of trader risk that insinuated that decisions on investments are done with reference to market noise, and these decisions are not rational and hence unpredictable from the simple fact that they are affected by the sentiments of an investor.
The objective of this paper is to establish the co-movement of macroeconomic index particularly the crude fossil oil and agricultural food prices based on Latin America preferably Colombia, Uruguay, Argentina and Brazil.
The Euro Zone is composed of a single monetary market and heterogeneous countries. The Greek crisis signaled a crisis of the entire Euro Zone. Chronological review of the crisis unfolding is demonstrated in the paper. Origins of the crisis lay in the Greek public debt. Politically, an exit by Greece at that time could imply a disaster for the EU.
Vilfredo Pareto (1848-1923), was an Italian economist and sociologist. He was born in Paris to Raphael Pareto. His father was a follower of Mazzini who was in exile in France. His mother was French. In 1858, Pareto’s family returned to Italy after his father was granted amnesty. Pareto began school in France and on his family’s return to Italy he continued his schooling.
Why China wants RMB currency undervalued? China's has been under contentious debate over the issues and implications of undervaluation of its currency, the Renminbi (RMB). Regardless of continuous international pressures to appreciate RMB, Chinese government strongly resisted large change at a time (Yang, Wei, and Simla v).
The economic system in the republic of Turkey can be classified as either capitalist or communist. This is solely dependent on how the country’s system of economy is managed. For instance, the Turkish government does encourage the citizens to explore investing in the market with the aim of making a profit; this explains the capitalist part of the economy (Kinzer 91).
The Inspectorate Division of the Nigerian National Petroleum Corporation (NPPC) noted how the multinational oil companies have greatly damaged the environment in the Niger Delta region. They said that there is a slow poisoning of the waters of Nigeria along with the destruction of the agricultural land and vegetation caused by oil operations.
The particular article refers to the potential effects of the growth of the population globally. The conflict between Julian Simon and Paul Ehrlich in 1980 is used in order to show the different perceptions in regard to the increase of population globally if compared to the past. More specifically, in 1980 a strong opposition has been developed between J. Simon, an economist, and P. Ehrlich, a biologist (Economist 2011).
Pre-Reform: In central planning-Around the 1950s there were major partners. These were centrally planned economies such as the Soviet Union which composed half trade activities. They became isolated from both capitalist and capitalism spheres in the 1960s and 1970s. During this period they adopted a strategy called ‘self-reliance’.
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Economic development in Thailand.Thailand’s economic development has strongly been market-oriented and has an open trade for investment with the rest of the world. Thailand has been having an outstanding performance in the economic development since late 1950s.
22 pages (4500 words)
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The central bank can be identified as an institution whose main task is to manage the currency of a country, its money supply as well as its interest rates. The central bank of any particular country is also responsible to look after the commercial banking system.
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As an upper middle-income country, Argentina demonstrates the features of a strong foundation for future market size growth, increases in foreign direct investment, and an augment in the percentage of high technology exports as a share of the entire manufactured products.