In order to find a balance between unemployment and inflation levels due to their inverse relationship, economists or policymakers should focus on finding the balance between unemployment and inflation levels; the point where there is the natural rate of unemployment and tolerable level of inflation.
Cluster-based strategies are effective avenues through which economic growth is accelerated, through proper understanding and subsequent application in given contexts. Clusters are defined as pertaining to a group of firm-entities, various related economic actors, agencies and institutions, which is located close to each other, are able to draw productive advantages.
Hire a pro to write a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Court of Justice decided to focus on Article 10 provision whilst avoiding any discussion on the arbitrary nature of denying horizontal direct effect to directives. This lacuna in individual protection under Directives is further compounded by the fact that the Von Colson principle is rooted in national compliance with Directive objectives.
Generally, in line with the various countries in the world, the government of Thailand has announced stimulus packages to aid the economy to come out of the global financial crisis. Besides announcing the tax exemptions for businesses the government has also initiated a number of relief programs for the poor.
Access and transportation are important for the efficient operation of a harbor or seaport. From a navigational perspective, the utilization of safe and proper shipping channels and terminal berths are vital to the success of the port. Seaports are very important for the efficient working of an economy, as a great number of passengers.
In a nutshell, although there are various shortcomings associated with welfarism, it has been seen to cause economic prosperity as discussed above. Various reforms have been instituted in Britain since the end of the Second World War with the major ones being in the economic and political spheres, specifically in education and health care.
China has succeeded in checking its population growth by having a coercive policy of one child per couple. Amartya Sen argues that China could have achieved better results (on the lines of the Indian state of Kerala) without having these coercive measures. It could have achieved this through higher female literacy rates and higher employment in women.
Generally, it is important to state that Cole explains that Sea France operated just a mere 5 return trips in 1997, which gave it 15-20% of the total market then. Surprisingly, Sea France currently offers 15 crossings per day in 1 hour and 15 minutes across the Straits of Dover (Direct Ferries, 2009).
Economic development and politics have definite relationships. Mutual relationship building is the core of collective economic development. In African countries, the economy is not developing as fast in some other countries because of the so many reasons like political agitations, corruption, violence between different ethnic groups, etc.
9 pages (2250 words)
, Download 1
, Research Proposal
The objective of this dissertation is to analyze the impact of increased FDI on the Indian economy. The study will make use of the Johansen co-integration test on the secondary data. The possible reasons for the results will then be explained by the qualitative inputs received from interviews, newspaper articles, Government Report, and previous research in the same area.
ggregate supply, we are actually referring to the macro economics which takes into consideration an entire economy and not just a single firm or industry. The shape of the aggregate demand and aggregate supply curves is an indicator of the equilibrium in the economy and how the
The custom of minimum wage rule is often said to have first expanded in New Zealand and Australia about the spin of the century. Primarily it was applied in these two nations as an element of the process for the aversion and decision of industrial clashes. The policies approved with regard to minimum wages have shown apparent diversifications.
The outgoings that are related to the production of the land have been paid and this payment includes the profits of the capital that has been employed on the land. It has been added by Ricardo that the outgoings are the ones that are estimated based on the ordinary profits rate as related to the agricultural stock at that particular time.
The No campaign sometimes argues, focus on the currency in which the trade is invoiced rather than the currency of the country where Britain is selling. Some 44% of British trade is invoiced in sterling, 32% in dollars and only 20% in euros. Therefore, the argument goes, if Britain wants to reduce exchange risk, she should join the dollar.
Britain has traversed a war-torn path since the 1930s and 40’s and has ever since strived hard to bring about appropriate changes in every sphere possible. Most of these changes contributed to the progress of the country, whereas some of them were catastrophic. After the war, which turned out to be in Britain’s favor, the first thing that surfaced was economic planning.
Its main policy objectives have been the reduction of inflation. It has used primary fiscal balance and inflation targeting as its main monetary policy instruments. Interest rates have been stable and inflation rates have been lowered due to inflation targeting. The country’s economic growth has been modest and it is expected to exceed 3% in 2008.
The real estate market like any other component of the economy depends on the availability of credit and cheaper credit would mean that more and more prospective buyers would find it easier to borrow for buying real estate. Also, the commercial banks (as we have seen above) will lend at cheaper rates.
The objective of the present endeavor is to present the implications such as multinational companies have for the development of associated economies. To perceive what actually is implied by the existence and operations of multinationals for development, it is first necessary to grasp the true essence of their motivations.
The company is a multinational, operating in over 200 countries, and more than 40% of its revenue comes from its foreign investments.
Ogunsola (16) observes that the headquarters of the company is in Texas, and it operates under four commercial divisions,
The 30 years or so after the end of the Second World War witnessed the loss of empire and confirmed Britain's fall from Great Power status; at the same time, Britain's economy entered a period of relative decline when it's the rate of growth lagged persistently behind that of most other developed nations.
The various business trends ranging from client entertainment to the corporate travel expenses, the financial markets and the social trends influence the social trends within the restaurant industry. The industry is prone to
The paper shows that the authors will, therefore, like to conclude that the snob value is neither inherent in the goods (as it is culture-society-time bound), nor all snob goods can be beyond the reach of the ordinary people. But if you want to own a yacht or private jet – you do need the underpinnings of solid cash.
This piece discusses that these are not insurmountable problems and stresses that the main difficulties from the enlargement may have arisen from the effective inclusion of the Eastern European countries into the Single Market, the microeconomic hub of the EU. It will also discuss that the process of regulatory management has become more difficult.
This paper is an effort to understand the extent to which globalisation has impacted the economic activities of various countries in the 20th century. The first part of the paper broadly discusses the process of globalisation in the 20th century. The next part explains the economic factors of any country followed by data analysis and conclusion.
Disregarding the limitations could produce distorted analysis and therefore wrong conclusions and wrong decisions. Its role in the capital budgeting cannot be overemphasized because of the ease and convenience of its use. However, given the danger in the use IRR method in case of mutually exclusive projects, the decision-maker is advised not to use IRR. Instead the NPV method should be used.
Due to the rapid development of globalization the business executives, policymakers and scholars, at present, have become more concerned about finding a better practicable knowledge of the issues related to international business and competitive advantage. The globalization has encouraged the search for and recognition of the local and global businesses which are more competitive.
The biggest loser has been the consumer who will bear the brunt of the greed of the international financiers. The various Keynesian stimulus packages are necessary to rekindle growth as aptly elucidated by Cooper (2008), “Credit creation is the foundation of the wealth-generation process; it is also the cause of financial instability” (p.3).
Fiscal policy through the regional government intervention with regards to taxes and foreign investors can be used as the main control in foreign direct investors. In case there is a need to control the number of existing foreign direct investors, the government can simply increase taxes on foreign investors to discourage them from investing within the region.
The demerits of privatization of port authorities are more of an illusion rather than real, with probably only the loss of jobs possibly having a negative impact. This has to be weighed against the critical role that privatization of the infrastructure plays in the economic growth and enhanced living standards of the citizens of a nation.
With the world turning into a small global village and the advent of new technologies, business opportunities around the world have turned to take an upward surge. The new technologies and globalization has created easy room for households in one continent to invest in another continent and even buy shares in one company especially with the use of the stock markets.
All the nations of the world are striving hard to getting globalizes because it is a thought that the countries are flourishing if they are getting globalize. Globalization basically can be referred to as the use of technology to a great extent such that all the countries come at a single place and communicate and interchange with each other.
Member State without being economically active. He can claim the equal status of the nationals of the Member State and become eligible for all the benefits and privileges enjoyed by a national of the Member State. If however, he is a threat to the security and acts against the interest of the host Member State violating public security.
In most of the countries, securitization of mortgages is being carried over the private sector. The same should be followed in the U.S.A. To develop competition and minimize moral peril, the GSE’s are privatized and they should be disintegrated from the probable lending units with the “federal government.”
The last century was the century of consumerism. The forces of consumerism not only affected the economic landscape of the countries but their social and political environment also giving rise to the speculation that the different societies are mainly driven by the different forces with the dominant impact of consumers.
In Germany, strengthening the international financial regulatory system remains on the high agenda. It had been observed that failures in its financial regulation was the major cause of financial crisis. As a respond, Germany had established a single financial supervisor called BaFin, an authority that will oversee all the financial activities of different sectors.
The economic theory has not taken the environment: which is the natural set of conditions that characterizes human living space into regard. Since time immemorial, the biosphere (natural environment, e.g. air and water) has been an example of free goods (public/common property) that are available in immeasurable quantities with no price tags (zero prices) underpinned to their utility.
8 pages (2000 words)
, Download 1
, Research Paper
The UK supermarket sector has been controlled by “Big Four’’ grocery companies like Tesco, Asda, Morrisons and Sainsbury’s (Sanderson, 2007). These companies collectively control 75.4% of the market share as of
One of the reasons cited for the pound decline after November 10 was the announcement made by the ECB President Jean-Claude Trichet that the bank was considering enhancing the rates after keeping them historically low for two-and-a-half-years. ( British Pound Declines Against Dollar for Third Week in a Row ).
The issue of whether Brazil, Russia, India, and China will overtake the present economic superpowers in the future still remains to be seen. Although the Goldman Sachs’ report might seem to be very plausible in the future, the BRIC economies will still have to contend with economic factors that could possibly hinder them.
The economic growth of a country highly depends on the size of the market (domestic and foreign) the country is serving. It is essential for businessmen, bankers, government officials, and economists to carefully assess the present macroeconomic environment. The macroeconomic study will provide us a better picture of the economic activities.
The relative merits of using the Keynesian Regional Income and expenditure multiplier model is that it determines the impact of exogenous shocks on a regional economy and provides a reliable prediction on the consequences of a policy action that aims to reduce regional disparities simply by using statistical data on regional income and employment.
A number of partnership arrangements have been formulated in recent years. Ireland is a small country, size-wise and population-wise. But its industrial and service base is dynamic. Both transnational and indigenous companies do well to interact with the state system, mainly with regard to training and development.
25 pages (6250 words)
, Download 1
, Research Paper
This has been followed by the Russian organization’s ambitious plans to acquire partnerships and to venture into foreign markets. The Russian organizations that are already listed, or are planning to get listed in international markets, are increasing in number. About 110 Russian entities are at various stages of considering the acquisition.
Green economics believes that everything which exists on the Earth has a connection with the rest of the species or nature. It believes that resources are limited and one can not extract uses from them unlimitedly. It also states that one cannot expand in a limited space. Green economics has so far been considered external to mainstream economics.