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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.
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10 pages (2500 words)
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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.
11 pages (2750 words)
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, Literature review
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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.
14 pages (3500 words)
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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.
8 pages (2000 words)
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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.
20 pages (5000 words)
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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.
38 pages (9500 words)
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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.
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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.
15 pages (3750 words)
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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.
8 pages (2000 words)
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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.
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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
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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.
18 pages (4500 words)
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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.
7 pages (1750 words)
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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.
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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.
12 pages (3000 words)
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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.
16 pages (4000 words)
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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.
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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.
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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.
Since all the economies follow a business cycle, there are periods of different growth namely, high growth, low growth, and no growth. The RBC (Real Business Cycle) theory remarkably explains the economic fluctuations and shows how the economic variables change while the economy moves along the crests and troughs of the Business Cycle.
20 pages (5000 words)
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According to the paper, the subprime mortgage crisis was, therefore,e an inevitable outcome after the bursting of the housing bubble. The subprime loans were intricately structured in a layered complex financial model that revolved around many individuals and institutions unlike the traditional ‘prime’ loan that were more conservatively structured.
The paper suggests that the Australian Automotive Industry although has a small domestic market but its market value has a major proportion in the regional markets. The industry remains one of the major contributors to the Australian economy and employs a large workforce throughout the supply chain.
This research will begin with the statement that thousands of corporations are present in the global economic scenario with millions of employees. Many corporations are economically stronger than a bunch of countries put together. In the new global scenario devices of communication have made the corporate structure even more complex and elaborate.
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The occurrence of a financial crisis causes some structural effects in key players in the industry. In a study by Aizenman, Glick & Lothian (2010), the trilemma configuration – namely the triple goals of monetary independence, exchange-rate stability, and financial integration – were examined in the context of a financial crisis.
An ideal property cycle according to Ball et al can be characterized as business upturn and development, business downturn and overbuilding, adjustment, slump and the next cycle. Many economic theories have been put forward to explain these five patterns. The business cycle approach, based on the accelerator principle.
The LIBOR rate started to drift down in January 2008 at 3.9 after a high of 5.01 in December 2007. It lingered for a while in the range of 2% + from March to October of 2008, and then dived to the 1%+ range for November and December. For 2009 and the rest of 2010, LIBOR maintained a rate of less than 0.5%.
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The author states that the multiplier effect explains how a rise in some economic action initiates a chain reaction that produces more activity as compared to the actual raise. The multiplier effect reveals the impact that reserve conditions - set by the Federal Reserve - have on the US money supply.
For a time it appeared as though the entire financial system was on the point of collapse. There are many possible causes for this problem and for many years to come historians will debate the question of how the American economy found itself in such a mess. Certainly one of the key problems was the ease with which credit was obtainable.
For this purpose, we first provide an economic point of view of the benefits of free trade and a counterpoint of view. We analyze how free trade was evolving before the creation of the WTO and provide a background to the WTO and how it came to be formed we then analyze how the functioning of the WTO has propelled free trade.