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The political turmoil between the ruling party and the opposition should be halted to salvage the country from the deepening the financial crisis. Greece prime minister George Papandreou and his ruling Pasok party should strike an agreement with the opposition New Democracy party which recommends more austerity measures to be undertaken.
The World Bank and the OECD have often argued for China in relation to its grain imports (World Bank, 2005). In spite of this, however, the Chinese government has been committed to food self-sufficiency, which means that domestic production of grain must meet 95% of domestic demands (Felloni, et.al., 2003).
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Interest rates and other financial instruments or financial markets wholly can have a significant influence on a nations’ economic growth. Relatively, Taiwan was less affected by the 2008 global financial recession whereas many European countries and the United States were severely affected by the recession.
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The US of America and the UK suffered the largest economic recession since the Great Depression of the 1920s. The economic contraction of the two economies saw the unemployment rate double and Gross Domestic Product decline. The recession dealt a harsh blow to the UK labor market and many employers were forced to down-scale their workforce.
Sustainability refers to the long-term continuation of microfinance programs after discontinuation of project activity, whereby it entails appropriate systems and processes that are implemented to facilitate the availability of microfinance services. This occurs on a continuous basis, and the clients are able to benefit from the services routinely.
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The demand for health care is different from the demand for food since it is the responsibility of an individual to allocate enough resources to enable the employment and provision of health care services (Wieske & Matthews 2007). The government’s direct intervention in the provision of health care helps its citizens achieve various benefits.
The paper "Technology Usage in Schools within the State of Gilliardania" Is a great example of a MAcro and Microeconomics Case Study. The newly created education commission in the state of Gilliardania has been mandated to administer all levels of education from preschool to university. This is as a result of a shake-up and reorganization of state and government powers.
The paper "Global Food Prices Rising" is a wonderful example of a Macro and Microeconomics Case Study. Policies relative to international trade investment are coordinated to take on even greater significance in this era of globalization. Economically, globalization has impacted trade unions through trade in goods and services, as well as through financial flows and the movement of persons.
The success of Ryanair in the world’s airline industry is because of the low-cost business model of the company. In this report, the strategic analysis for Ryanair has been done. This report has been divided into four sections. The UK government has recently unveiled the new ruling coalition for the air transport industry.
The author states that the British had always relied upon its manufacturing or industrial segment as a pillaring sector of their economy. The sector had historically been responsible for contributing the largest fragment to the nation’s GDP, while the latest records for 2009 find its importance is reduced.
The author states that the magnificently elegant infrastructure of UAE adds to its exquisiteness portraying its vast traditional culture. UAE has also experienced the episode of revolution with the discovery of oil from a barren region of the desert to an ultra-modern emirate that has come under beautiful design and restructuring.
The European Monetary System (EMS) was set up in 1979 not as a fixed-rate system but as an association where the EEC (European Economic Community) member states linked their currencies. The countries aspired to reduce exchange rate variability through economic performance convergence for Europe’s monetary stability.
Better governance has been attributed to the best performers led by Germany, Luxemburg, Netherlands, and some of the other European countries. However, there were obviously problematic countries that lacked egalitarian practices that led to distorted senses of what is right and wrong, politically, socially, and economically.
The paper "Developmental State, the Monetary Authority of Singapore" is a great example of a macro and microeconomics assignment. With no forms of corruption, with no forms of self-seeking, along with the strict, honest and disciplined imposition of policies set for development, the developmental state will perfectly constitute the legitimate industrializing strategy.
Efforts to revive the economic slowdown range from the philosophy that contends government spending is the most efficient way to stimulate the economy, to the conservative viewpoint that argues for a correction based solely on market economics. Spending our way out of the recession is made more problematic by the huge US debt.
The author states that the main reason behind making its comparison with these economies is to discover the similarities and dissimilarities in the tracks and directions of the economic systems under examination on the one hand, and strengths and weaknesses of the economies under analysis on the other.
The role of financial activities in national economic performance is highly important. A consent needs still to be developed to determine if the differences in the framework of corporate, financial and legal systems across the country have any unexpected impact over the cross-country economic performance.
Globalization influences the economic, the political, the social as well as the ecological balance. Even the companies around the world have realized this that the long term growth depends on saving the natural resources and utilize them properly such that the ecological balance is maintained throughout.
The inflation factor is not directly relevant in the case because there are macroeconomic factors that affect or cause price increases, and the currency appreciation is not one of those factors. Inflation can be caused by an economy that has reached full employment or is overheating or money supply creation caused by monetary policy.
In another aspect, the underground economy is economic activities that cannot be predicted by the national accounts estimation techniques. In the concept of taxation, the underground economy is the economic activity that has been kept secret from the government by the motivation of tax evasion or tax avoidance.
The boundary of the firm considers the firm or organization as a whole. Boundaries are important in defining how and when things are done in the firm and establish rules and norms for inclusion or seclusion. To understand Williamson's theory, it is important to know and understand some of the key concepts. The contribution of Williamson in advancing concrete economic theory is welcomed and should be emulated by other economists.
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Before coming to the current financial global crisis, knowing how a crisis occurs is also important. Basically an economic crisis is simply known as the decline in the economic activity for a few months in an economy. The typical measure which shows the decline in the activity of the economy is the decline in Gross Domestic Product or a negative real economic growth rate.
Capital intensity refers to that industry that requires enormous amounts of capital for the production of goods. In this kind of industry, the proportion of capital involved is much higher than the labor involved. Capital intensity is defined in economics as the amount of real capital in relation to other factors of production especially labor.
The International Monetary Fund, World Bank, National Authority and Federal Resaves are the key regulatory bodies that have formulated and implemented policies against the financial crisis of 2007. In order to bring stability in the capital and financial market, most of them focused on measuring systematic risks, capital standards, and tax.
There is no doubt in the fact that natural resources are extremely important for the economic stability of a nation. However, an abundant natural resource is of little significance to society unless the leaders are educated on the various aspects of planning and management of the natural resources of a country.
From the study, it is evident that the British government undertook several policy measures in the last two years to sustain economic development in the nation. Among them, the most noteworthy has been that of decentralization. This measure did have a positive implication on the macroeconomic performance of the nation.
The paper "Ireland’s Economic Growth" is a perfect example of a macro and microeconomics coursework. The international business environment offers a macro view of business institutions and markets in the world economy. The term political economy is used to imply that the legal, economic and political systems of a state are interdependent.
The communication system has experienced a huge revolution with the advent of the Internet. The Internet has been shrinking the barriers of time and distance in a significant way. The use of Internet has also increasingly been found to be very cost-effective, as computer-processing costs have declined enormously.
Projected Corporate Social Responsibility by supporting communities in crisis, from the Dominican Republic to China, Malaysia and the UK. In total, we gave over £250,000 in donations to people affected by extreme weather conditions such as hurricanes and floods and raising a record £4.55 million for our UK charity of the year, the British Red Cross.
The authoritarian regimes present within the helm of affairs in the developed world have also meant problems for these nations. These governments are more or less looking after their own needs rather than the prosperity of their people. Democratic regimes have meant that more attention has been paid towards the realms of the people rather than the other way around.
The preceding decade has witnessed the emergence of a new Keynesian system that has tried to include sophisticated ideas such as sticky prices into the Dynamic stochastic general equilibrium. Known as DGSE in short, such an introduction has created new opportunities for combining real business cycles (RBCs) with monetary policy and theory (Gregory Mankiw, 1991).
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India and Europe are two regions that have some common elements for increased cooperation. Both the regions comparatively stable political administrations, belief in secular principles and democracy. Moreover, both regions have better investment climates because of the availability of cheap labor, immense infrastructure facilities and technological advancements.
It is evident that HDI has a number of statistical and analytical shortcomings, but it is a good reminder of our fundamental human rights of life and liberty. It also takes into account well being of the economy, social security and equity that are worth addressing. It allows for expanding the present components.
In conclusion, it can be said that the busing policy should be removed as for now it is only costing the state and not producing any possible improvement in the educational systems. By producing a change in the educational systems the authorities would be able to see if there is a possible room for improvement in the current system or not.
Reserve requirement refers to the amount that a central bank may require of Deposit Money Banks to keep as a reserve and be held with them. The amount constitutes a fraction of the deposit liabilities they have with the depositing public and limits the amount they can offer as loans to the public on the ground that banks extend loans only up to a percentage in relation to their reserve holdings.
The former model is better as it provides a built-in price mechanism to consumers, offers them a variety of products and product substitute, enables competitive measures in the production sector, ensures that technological and product innovations occur constantly and as a result ensures that the overall economic system of the state becomes efficient.
Economic slowdown and weakening dollar made BMW lose in the US market because it has one of the highest sales in the US market. The company has offset some of the losses in the US and Western Europe by exporting cars to emerging markets where growth still continues at a rapid rate. BMW has effectively tapped demand for smaller fuel-efficient vehicles that have demand in the market.
This, on one hand, can be achieved through the provision of education particularly on entrepreneurship and conducting research and development, particularly in market surveys to remain competitive and relevant (Rodrigues, 2003). In my view, these two aspects of the strategy will be necessary for revitalizing the economy currently on its knees.
Government agencies or the monetary authorities in the country are entrusted with an express commission of ensuring that monetary stability in the money markets and the economy is sustained. In order for those charged with the task to maintain this equilibrium hence avoid inflationary and deflationary consequences.
In a profession such as one that I have chosen it is a great necessity to keep the confidentiality of a client and ensure to them that all that they talk to you about is kept in the office. However, it would become a difficult task if the situation of the patient is a serious one and requires that others such as family and friends be involved.
The aim of the private sector operating under a mixed economic system is the same as that under a completely capitalist economy, that is the investors want to maximize their profits, whereas in a socialist economy production aims to promote social welfare and not maximizing private wealth and income.
Microeconomics steps in when markets fail to produce efficient results. Unemployment is a problematic area both from a macroeconomic and microeconomic point of view. Unemployment remains the subject matter of macroeconomics until the allocation of resources by the government for growth-oriented plans and programmes are produced.
According to the Structure-Conduct-Performance Model, the performance of any industry depends on the firms’ conduct in the industry. A merger exists when two or more firms come together and jointly produce and supply output. The performance of the industry can be determined by the equity and efficiency etc. It is very important that while designing policies for mergers of large firms, equity and efficiency are taken into account.
The fact that employees are free to move from one organization to the other affects employee retention. Teamwork and workplace learning through interactions among workers with diverse skills can be useful in employee empowerment and hence increased commitment. Employment relations affect the level of commitment depending on the employees’ perceptions regarding organizational activities. The global labor market dynamics are also among those issues.
Global trade leaders had vowed to uphold free trade principles and rid of themselves the trade protectionism at a summit held in Washington. However, due to the credit crisis hitting the whole world countries are breaking the agreed upon a promise. The main factor leading to the phenomenon is the negatively affected local manufacturers by the imports from foreign countries.
Mexico, a developing country which has embraced economic liberalization and is now a member of NAFTA, has exhibited recent economic gains since joining this regional trade block. With a population of 108.3 million and a GDP of $839 billion, Mexico has benefited tremendously from economic liberalization and market-oriented growth.
The policies adopted by the government of India are quite favorable and encourage foreign investors to establish businesses within the country. Also, its political system is quite stable, a factor that much affects foreign investment in a country – no wonder the United Kingdom has accepted the country as one of its main strategic trading partners.
The decision of outsourcing also results in political overtones in the home country. After a new president took over the establishment in America, there were demands the outsourcing decisions of companies must be reviewed. There were suggestions to the effect that the additional tax burden is put on the companies resorting to such decisions.
Modigliani and Miller's debt irrelevance proposition holds in perfect markets, where markets are complete, without any imperfections and externalities. In reality, however, capital markets have imperfections and externalities. These provide incentives to firms to borrow, which leads to the three other theories of capital structure.
The case for insufficient demand can be illustrated by the equation (APE < GDP = ASF). The first case is of demand caused recession which reduces the aggregate demand in the economy thus shifting the APE curve to the left direction. Such a reaction can be sparked off in the economy due to higher taxes imposed by a new fiscal policy.