The rules and guidelines set by governmental bodies may also become instrumental to the credit crunch. The statutory orders to increase the capital for running financial institutions in lieu of the want of capital liquidity to quantify the risk-weighted level of assets may force them to increase capital reserves
The term ‘industrial relations’ is explained in the study of Frank et al.; in the above study, it is noted that the specific term ‘refers to the important relationship between employers and employees as social partners’. The above relationship could be possibly expanded – including also the relationship of employers and employees with the state/ authorities.
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The national administration decided to adopt corrective measures not only to put an end to the problem but also to rectify the previous losses. This forcible measure had a mixed impact upon the private sector units of the nation. This paper evaluates whether the program had really been a beneficial act for every segment of the nation or not.
Under government intervention project coordination would not be any problem, externalities would be considered and so as associated benefits leading to consideration of socially desirable investments under government intervention that under market economy would have never been considered. An example of that might be an investment in human capital.
There has been a distinction made between personally-delivered jobs and impersonally-delivered ones. Impersonally delivered jobs are more likely to be offshored as there is little or no need for interaction with the customer. It has been estimated that up to 29% of US jobs can potentially be offshored in the next few decades
Despite the fact that there were a number of positive contributions made by the tow products, it is important as industrial products such as starches, sweeteners, corn oil, beverages, industrial and fuel alcohol. However, what is more, important is the relationship between the use of industrial and high fructose corn syrup.
The huge exports from China to EU have resulted in efforts to put in place quotas for China’s imports in EU in protecting their domestic market. All the same, the biggest threat of China to EU is the China’s current rapid expansion to Africa, a region that has over the time enjoyed compact relations with EU, which is shifting towards China.
It is vastly agreed that petroleum is vital for the day to day running of the modern world. Over the years, the world has experienced an increase in consumption of petroleum and petroleum-related products. This is subject to modernization and advancements in the transport and manufacturing industries.
Interestingly, these differences have been there in the society. However, the great recession may have played a significant role in magnifying every form of inequality. The great recession impacted negatively on unemployment rates and dropping of house prices, which were sustained hence leading to adverse consequences.
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The New Institutional Economy theory provides an assessment of the implications of the institutions on the overall behavior in the region. The Solow Type Growth Theory is assessed and this provides three factors that affect foreign direct investment including technological advancement, capital accumulation in the economy, and the labor force.
According to the paper, the role of the private industry and its multinational corporation (MNC) in the economic and progress in a region are part of a new corporate objective of blending with the general public to establish a strategic focus aligned with the common objectives of both the general public and the corporation.
Though only defined contribution plans are required to provide periodic summaries of plan accounts to workers, this should be the rule with defined benefit plans as well. This will help displaced workers make appropriate decisions, should they move from a job with defined benefit to one in which defined contribution is offered.
The theory of demographic transition presents the relationship between demographic change and economic development in structured and stylized form. The process of demographic transition starts with a decline in mortality and decline in fertility which lead to first increased and then decreased population growth.
The financial crisis in the UK was a part of the global implications of the Sub-Prime crisis in the US. Increased level of globalization translated into increased vulnerabilities when the global financial crisis hit. Businesses were heavily interlinked and financial institutions held a significant degree of power in society.
The revolutionary aspect of the last many years is surely the advancement of information technology. The advancements had revealed relevant information to enhance productivity and encourage innovation in any region. Introduction of information technology has increased the economic output and hence has considerably contributed to the economic growth
Article 101(1) applies to both horizontal and vertical arrangements. In this regard, a horizontal agreement is one that takes place between “rival undertakings”. Vertical agreements are agreements that occur between undertakings that are not rivals because they function at different places in the market.
Universal Declaration of Human Rights made a landmark declaration on 10 December 1948 reaffirming that “all human beings are born free and equal in dignity and rights and that everyone is entitled to all the rights and freedoms – without distinction of any kind such as race, color, sex, language, religion, birth or another status”.
During 1971, following one of the UNCTAD’s recommendations, it was pointed out that the nations that had entered into the agreement under the GATT (General Agreement on Tariffs and Trade), predecessor to what is now known as the WTO, had agreed upon on a waiver of ten-years for the prerequisites that require equal conduct of trading partners.
Labor conditions, after globalization, have also changed dramatically. Organizations are taking more interest in giving proper education and training to their employees. Increasing competition in the world market has emphasized the need for developing a better and more effective educational and learning environment.
Saudi Arabia, the second largest country in the Arab world (in terms of area), possesses huge oil reserves and has had a significant level of production capacity. Over the years, the country has established its supremacy in the global oil market. For the past decade, a mean yield of 10.26 million barrels per day has been produced by the country.
Adam Smith who is the founder of modern economics laid his emphasis on the role of cooperation, rule of law, and trust as ideal prerequisite to enhance economic and trading activities. The guarantee of the three essential elements, Smith believes that the entrepreneurship will lead to economic flourishment.
According to the paper, continued progress in computer and information technology has dynamically transformed the role of information, its value and access to it. It has opened venue with which people across the globe communicate and become connected. In this regard, these two phenomena have created a smaller world.
This New Zealand Corporation has been successful in the Chilean Market. The economic situations of some South American countries are improving as they are becoming self-sufficient. In addition, the installation of the Glidepath automation systems wills ensures the airport affirm the increasing progress of the countries.
By 2011, Azerbaijan’s daily production of oil stands at 800000 barrels of oil per day. This is combined with a gas production of 1 billion cubic meters per year. It is for this that the country poses to become one of the giants of oil production once again. Due to this reason the EU and Russia have fought over the control of the oil fields.
Coal, iron ore, bauxite, grain, and alumina are those products for which there is not much competition. The products are extracted in countries which have a comparative advantage over other countries. This enables them to export to other countries. Coal and iron ore are the most traded commodities.
Thorough research conducted by historians, as well as social scientists, has expanded us on the necessary skills and knowledge of slavery and more importantly its economic repercussion to blacks. Reportedly, this book pays little attention to the post-slave experience of the economy of America.
A state actor is an individual or entity who executes their role on behalf of a governmental body and as such is subject to checks placed by the constitution to protect the freedoms and rights of individuals. A private actor refers to a person or group of people who are motivated by their profit motive and not under government control.
A regressive tax is one where as one’s income rises, the amount that is paid as a percentage of one’s income falls. A higher earner may be paying more of the tax in absolute terms but as a percentage of their income, the amount is falling. These taxes are obviously considered to be unfair as they redistribute money from the poor to the rich
Investments by the US firms abroad in 2007 figured at $333 billion. Counter-wise, the volume of foreign investment in the US real estate and business amounted to $237 billion in 2007. The importance of FDI can be gauged by the fact that the OECD has taken measures to ensure a steady flow of investment through special agencies.
So the consumers get the benefit of that system with the higher level of consumer’s surplus. On the other hand, foreign competition is supposed to increase the efficiency level of domestic firms. That would enhance the allocative efficiency of the economy. (Buffie 2001)
The whopping total cost of the crisis is equivalent to around a fifth of the entire globe's annual economic output and includes capital injections pumped into banks in order to prevent them from collapse, the cost of soaking up so-called toxic assets, guarantees over debt and liquidity support from central banks
One day in 1991, the United States and other liberal democracies the world over woke up to realize there was no longer an enemy at the gates. The Soviet Union had collapsed. The pivotal event bid farewell to the bipolar world they were accustomed to and heralded the era of US supremacy. A scant handful of analysts had predicted such a development.
GDP is the cumulative total amount of goods and services which a country produces within a given year. GDP growth changes year-in-year-out depending on the economic conditions. Other factors determine a country’s GDP growth and include stability of politics, environmental factors (global warming) and regional stability among others.
The United States’ dependency on oil has become more of a threat than a benefit, with some of these foreign countries threatening to cut the United States from their oil supply unless other needs are met (Klare, 2010). As tensions continue to increase, the need to cut foreign dependency must decrease.
As the research paper outlines, China has again become the target of strong political pressure from the U.S. and European political leaders who are calling for the removal of the currency peg the country imposed at the height of the 2008 financial crisis, and in so doing allowing the currency to appreciate to its normal level.
The average $73 per hour labor cost which is being paid by the ‘Big Three’ forms only a part of the production cost of the vehicles, therefore this is not the only reason behind ‘Big Three’s downfall. The management should be held guilty for many faulty decisions over the years which have made these companies and their products uncompetitive.
The chapter will present a review of related literature that had been written and published within the same area of concern as this dissertation. Earlier studies conducted on the subject were compiled and evaluated in order to serve as guide in answering the research questions and reaching the objectives of the dissertation.
Canada’s membership in the NAFTA created a concern for wages and other benefits; productivity and efficiency; and labor conditions. There are differing views on this concern. Supporters argue that it will push Canada’s competitiveness on employment. On the other hand, detractors argue that it will just drag down Canada’s economy.
According to many economists, financial reforms have long term effect on economic development in China affecting markets and the financial intermediaries. The financial sector has contributed to technological innovation and in the accumulation of capital. Banks has been the administrative units which facilitate the working conditions of the central government.
This paper tells that we could easily delineate what labor market is but going through the set of policies itself is comprehensive that one might actually mistake it as a conventional dogma for future economic undertakings when assuming, it really gives an overview of policies to improve the state’s employment programs.
The involuntary adoption of the purposive interpretation of a statute so as to craft glosses on to it, which are not text-based is also a purpose of the statutes’ construction. The British court’s attitude was based upon the perspective of the court’s role. The main role played by tax law statutes in the UK is that of courts’ interpretation.
Today Egypt is considered as one of the steadiest markets which had put an end to centralization and domination of public sectors on the economy. A turnaround in Egypt’s economy is noticed, although there was some financial crisis in 1997 and after 9/11 event, the Egyptian government with some necessary policy measure stabilized the economy.
The researcher states that many factors like the volume of supply and quantity of inventory to be maintained by the organization are dependent upon the demand and supply side factors reigning in the market. Hence, the analysis of production and costs will follow that of an analysis of market forces amidst which Heinz has to function.
The present paper primarily aimed at evaluating whether a financial sector of any economy can have any implications upon the economic development and innovation being carried out in the same. Many research papers have found a direct association between the developments being made in the financial structure and that in its rate of economic growth
According to a research by Nielson on April 9, there is now a greater tendency in consumers to buy large packaged sized products or bundles. About 28% buy the US made products. There has been a 56% decrease in going to restaurants; these people now prefer having food at home. More than one-third i.e. 37% go to bars or clubs less often than before.
Smith in his work also had ideas on natural law, personal liberty and function of the state, which he saw them as passive police officers. He strongly argued that increased production largely depended on the division of labour and specialization. He stated that trade increased divisions of labour, and it increases production.
The importance of universal capital versatility appeared to be a consensual presumption in worldwide trading and lending at the end of the twentieth century. It has made it conceivable to consider current assets deficiencies are sponsored by remote reserve funds, since the recent can without much of a stretch circle between nations.
While child survival rates have increased due to emphasis on child survival, among these survivor groups, there is an increasing population of children with developmental delays. In developing countries, the prevalence of developmental delays among survivors is not known because of a lack of routine screening.
Corporations operating in manufacturing, services, financial, and or banking work in the area of public trust afforded by their size and status. As the complexities, appeasing shareholders, meeting profit targets, and competing in the competitive atmosphere of globalization weigh on corporate decision making, the potential risks cannot be ignored.
The idea of economically mixed local communities is perceived as an ideal because it is believed to be a mechanism for attaining social equality. But doing so requires concerted government intervention, as segregation is a natural tendency. The poor are better able to intermingle with others and benefit mutually by living in segregated communities.