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It means that the nation persuading others uses attraction rather than coercion to influence others. For soft power to be, successful force should not be used, but economic assistance programs, strong relations with allies, and vital cultural exchanges are used. For example, countries like the United States can apply soft power successfully.
It is mandated by the rules and treaties between countries in the international arena. At its Centre stage are World Trade Organization agreements as negotiated and signed by many of the global trading countries after ratification by their legislative chambers. The main objective of WTO is to aid importers and exporters.
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The paper "Regionalism and Globalization" is a perfect example of a Macro and Microeconomics Article. This article explores the dynamics of the interaction between regionalism and globalization-spatial-dynamics of the interaction on various scales between the space flows and the territorial logic. The exploration includes the roles of the major cities, global cities.
These parameters are compared to the other nations hence coming with the richest country following that order. For all the countries that are studied, there exists uniformity in the determining factors. For instance, when studying the human development index in these countries, health, education, income/command over the resources, etc.
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The change percentage is higher in technical, and professional services; administrative and support services; rental, hiring, and real estate services; health and social assistance; and art and recreation services. There is significant growth in employment in these sectors as well as the materialization of a vibrant 24-hour inner-city economy.
The paper "Economies of Cities and Regions: Parramatta" is a worthy example of a case study on macro and microeconomics. Parramatta is a city located in the western part of Sydney. It is known for its nice parks and historic sites. With a population close to 200,000, Parramatta is home to a workforce of more than half of that population.
The policy of sectoral liberalization in Agriculture in Sri Lanka is important because it is a policy that will ensure few restrictions are available to farmers on the trade of their far produce both locally and internationally (Anderson & Martin, 2009). It is a policy that will contribute to the removal of tariffs and freezing of tariffs with regards to agricultural products and maintenance of consistency in para-tariff in any products produced by farmers in Sri-Lanka.
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Limits of growth refer to the factors that hinder the growth of the environment, as well as the economy. Since time immemorial, the world has been experiencing a high rate of population and economic growth. This results in environmental degradation and as the process continues, there will come a time whereby the population and economic growth will not be found.
It can be noted that years following the end of World War II, many leaders of less developed countries adopted industrialization strategies. The new economic structure was adopted because many developing countries hoped to expand their colonial economy and solve various societal problems. Immediately after World War II, many governments of less developed countries adopted industrial policies geared towards spurring economic growth.
One of the major indicators of the economic growth of a nation is its industrialization level. It is only after the end of World War II that less-developed nations wilfully adopted industrialization tactics for economic growth and to save the nations from their vulnerable reliance on the export of few products
The United States is referred to as an economic force owing to an assortment of financial concepts. The country is also miscellaneous in its language and political arrangement. The Dollar is used internationally as a common unit of legal tender. The nation’s monetary indicators provide evidence that it is bound to become stronger.
According to the author, the concept of neoliberalism is applicable in reference to numerous political ideologies with some disparities, and people will continue questioning whether neoliberalism political philosophy is a coherent ideology. Despite different understanding and definitions, neoliberalism is the common sense of the modern era and the basis of conservative, liberal, and labour parties.
The main aim of their establishment was to ensure that globally, there is a balance in the economy as well as peace. This would be fulfilled as more activities such as supporting the developing countries by the already developed countries to strike a balance in all continents. These institutions are the World Bank and International Monetary Fund.
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The main issue was divided into three sub-issues: the issue networking which caused most of the ATM services unreliable as they were out of service; the issue of ATM security and fraud at ATM premises; and most of the ATM users were not conversant with the ATM usage which led to the long queues and delays at ATM premises.
Since its inception in 1999 in the aftermath of the East Asian financial crisis, the G20 has evolved from a group of finance ministers and central bankers to a formal world leader’s summit. This essay will examine the primary political and economic dynamics which influenced the development of the G20 and its evolution from a finance group to the premier forum for international economic cooperation.
Whether it has negatively or positively impacted the economy of other countries or not, it is empirical that an economic rise rate of 10 percent forms a firm platform for other economic developments, and it has been associated with social reforms, readjustment of developmental policies and attaining transparency in monetary management affairs. The China republic is ranked the best-performing economy in the entire world (Morrison, 2013).
Research indicates that increased consumption of food, resources, and energy is a result of higher living standards and green growth (Hunt, 2013). However, the economy cannot be entirely green due to the fact that countries especially in the developing world face significant challenges in institutionalizing fundamental changes in consumption, technological advancement, and agriculture.
Thus, greener economies must seek to improve levels of human well-being as well as natural capital and systems. This implies that synergies between environmental aspirations and growth must be sought which requires combined efforts of all stakeholders in an economy. As Scarpa (2009) notes, growth in the green economy is considerably diverse.
Businesses and industries in the world have been the main cause of environmental degradation and pollution (UNU-IAS Policy Report 2013, p.3). Global warming is being caused by emissions from these businesses and industries across the globe. However, if the businesspeople embraced the concept of environmental governance.
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Actually, according to Blackburne (2011), elements indicating a gradual transition towards the green economy are currently evident and continuously emerging across both the developing and the developed nations alike. Blackburne (2011) further states that there are other nations.
The term has been discussed in a wide range of perspectives such as sociological, economic, cultural, and technological (Ray, 2007, P. 1). It can therefore be considered to be shaping various sectors including organizations, structures of government, and individuals. Therefore, the concept can be regarded as controversial and complex.
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Keohane, Macedo, & Moravcsik (2009, p.) conceptualizes the concept as entailing international organizations, regimes and networks governed by formal international agreements. Powell (2003, p.3) notes that ‘multilateralism has been increasingly accepted as the modus operandi in world politics, and in global environmental politics in particular’.
International economic relations and hence international trade have rapidly grown since 1945 after the end of World War II. This has seen the number of exports by countries increase by 6 percent annually since 1950 to a value of $7.6 trillion by 2000 according to Johann (2008). In fact, the value of international trade has grown consistently more rapidly than the world economic output.
The historical context of the Bretton Woods system was important because it was established while World War II was still going on. It was during this period of unrest that from 44 allied nations 730 delegates gathered in Bretton Woods, New Hampshire, United States at the Mount Washington Hotel. It is popularly known as Bretton Woods Conference.
Demand and supply will always remain as the great unifying concepts of microeconomics. The normative suggestion of microeconomics emanates from the principle that the competitive price of the supply proves the value of the commodity as seen by the supplier, while the demand price represents the value attached by the consumer to the commodity.
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Australia’s strategic place within the globe has often been regarded as quite favorable in comparison to a great number of nations. As highlighted by the NSW Government (2013), Australia’s economy during the global economic/financial crisis and after the crisis, for instance, has been recognized as among the globe’s most resilient economies.
China has succeeded in transforming itself from one of the least developed countries in the world to the second-largest economy within three decades. Crowing at a mean of attractive 9.6% per annum since the commencement of market-oriented reforms in 1979 which changed the hitherto centrally planned economy, China has doubled its GDP.
It rose by adopting the Japanese and other East Asian tigers’ state mercantilist practices within a region that was fast becoming the world’s most rapidly growing one. The nation has since continued growing to become the world’s biggest exporter, and its large trade revenues help it to buy large amounts of influence across the world (Fumio, 2004, p.71).
The world that we live in has been dominated by risk to which we have in most cases contributed. These risks have adversely affected the world financial situation as have been witnessed in several instances. The financial crisis is a situation there is a rapid and unexpected drop in the value of institutions that deal with finance.
Globalization can be referred to as the increase in interconnectedness worldwide. It is the power, process as well as momentum obtained from growth in technological advancement in means of communication and market capitalism. Many of the debates concerning globalization involve the economic dimension of the complex process.
Ideally, the cost of the Landfill Levy should be basically equal to the costs associated with the landfill operations i.e. landfill externalities. In its research paper, “Towards a thematic strategy on the recycling and prevention of waste,” the European Commission concludes that the main challenge to further recycling waste is the cost disadvantage in comparison with other waste management practices.
Globalization is the process of international integration arising from a blend of many factors. Those factors include the interchange of world views, products, ideas, and other aspects of culture. While globalization is known to affect and impact whole world affairs, some factors have been observed to accelerate globalization.
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Electronic Commerce has had strong growth potential in Saudi Arabia. This has been due to the maturity of the Information Technology (IT) infrastructure and widespread internet. The E-commerce environment and adoption in the country has been well-documented. The aim of this study is to provide insights into salient E-commerce adoption in Saudi-Arabia.
They are equally faced with various challenges including the changing economy as well as the political landscape which brings colliding national interests. The economic issues regarding China and the US are very complex. In addition, security issues are a major issue that complicates financial relations between China, Australia, and America.
They consist of concerted efforts and initiatives geared toward common goals amongst members and followers. Such movements are inspired by the need to challenge an existing status quo by sharing related identities. In their efforts, members mobilize masses and individual networks in order to affect their intended entities.
The emergence of globalization has come along with a wide range of challenges to various economies. State capitalism is in a better position than other forms of capitalism in solving most of these challenges. Some of the challenges created by globalization include widening inequality between nations and citizens within individual nations.
It is essential to state that when the economies of superpower economies are not performing, their effects are felt all over the globe and have negative effects, especially on developing nations the magnitude of effects is felt differently depending on the macroeconomic vulnerability, preparedness and exposure.
Secession is the act of withdrawing from a union, organization, or political entity. Numerous factors are associated with secession which can be based either on choice theory or on just cause theory. Choice theory is based on the assumption of the generalized right of secession while just cause theory is premised on rectifying grave injustices.
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Currently, eCommerce is regarded as the key platform for streaming business activities as well as broadening product outreach. This has been made possible through significant emphasis put on by countries. These countries have been developing eCommerce platform aimed at promoting economical-social systems.
National economies, particularly, are drowned in global waves and overtaken by international economic actors (Hoek, 2011). Consequently, significant disparities involving state economies are now corroded as the emergence of a standardized global economy occurs. Principally, the argument is presented that the autonomy and sovereignty of nation-states are being reduced radically (Zahariadis, 2008).
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Proponents of neoclassical theory believe that value on the basis of the relationship between demand and supply, and the costs of production. In turn, they suggest that prices are also dependent on the demand that in turn is dependent on the level of consumer satisfaction ensured by individual commodities.
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A number of concepts have been applied to improve people’s understanding of globalization from the colonialism era to the current world. When different nations join and start operating as one, several changes in the economy and in the society are likely to be experienced. The debate about whether or not globalization should be encouraged is still revolving around various nations.
Despite the whole region being a form of a monopoly, there are certain policies that fuelled the growth of international trade. The land was only given to noblemen, military men, and also people of substance. In these pieces of land, peasants were always present to work on them in order to earn a living. In this way, productivity was ensured.
Thus, government regulations and safety nets were not in place to protect or create a buffer from the 2008 global financial crisis. Neoliberalism is a term that denotes the liberalization of economies, the emergence of free trade in the world, the existence of open markets, privatization, and the deregulation of companies.
There is a need to ensure fair trade in free trade to guarantee that all gains generated by free trade are distributed and shared equally. Free trade is a business partnership founded on respect, transparency, and dialogue, which is meant to facilitate more fair play and enhance sustainable growth by providing a better business environment.
This relationship has not been a smooth one but has strengthened over the years. Unbroken and successful treaties have been the norm of their relationship since Indonesia’s independence in 1949. The two countries have had a mutually favorable relationship. Indonesia as a developing country was said to be the more significant beneficiary.
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Quebec State was created in Canada by French-speaking Canadians. The nationalist demanded the separation of Quebec province from the Canadian state with an aim of forming the sovereign Quebec republic. According to Rocher (2006, p. 1), the electoral victory of the Liberal party in 1960 marked the beginning of a quiet revolution that demanded formation of the Quebec as a sovereign state.
However, I disagree with this statement. This is because of the visible things that can be observed from the use of eyes. Looking at several situations and occurrences in the world, it is evident that change is occurring, and things are no longer the same as they were before. Change is described as a transformation from the normal.
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A wage policy is aimed at ensuring the equitable distribution of income in order to reduce poverty levels in a country. According to Smyth (2007, p. 2), a wage policy refers to government action or legislation that is undertaken in order to regulate the structure and the level of wages in a country.
The accelerated population growth in Australia is the result of the implementation of policies by the government that supports the creation of a larger population. Although these actions are expected to bring about short-term economic gains, long-term economic sustainability with rapid population growth remains to be a questionable issue.