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Economic Indicators: Interest Rates and the Housing Industry
Residential Construction Industry
hroughout the last century our economy and way of life as Americans was permanently altered as a result of governmental involvement and the development of finance options, such as mortgage rates never before seen in the residential construction industry. In the beginning of the 20th century, what seemed unattainable by homebuyers became a common expectation by that century's close. hese expectations dealt with a consumer not only being able to build his own home, but more importantly being able to possess personal property, which represented, "comfort, convenience and quality of life unknown to previous generations" ("A Century of Progress," 2003).
hus, the idea of affordable housing for middle-class individuals is actually a relatively recent American historical phenomenon and highly dependant upon financing. Some economists date the so-called typical American suburban lifestyle to explosion of the highly standardized yet inexpensive…
The lower the rate of interest, the more incentive there is for the consumer to borrow money to purchase a house. Lower interest rates in general also make it easier for consumers to purchase furniture, cars, and the other necessary accoutrements of a middle class suburban lifestyles surrounding home ownership. A "rapid growth in the number of mortgage products and loan options is helping buyers to overcome down-payment hurdles ... however, some of these loans come at a price of increased risk to the borrower," cautions one real estate analyst. (Inman, 2005)
When interest rates are low, buyers may be tempted to exceed the costs of what they are likely to be able to afford in the long-term. "Lower-than-expected mortgage interest rates" pushed home sales to a fifth consecutive record in 2005, the National Association of Realtors reported to Real Estate News at the beginning of 2005. But 30-year fixed-rate mortgage rose slowly to only 6.1% in the fourth quarter, and should reach only 6.5% by the end of 2006. This means that mortgage rates are likely to remain fairly tame, and point to the long-term prospect of rates of interest on home mortgages that will be attractive and within the immediate reach of many homebuyers of modest means, despite fears that such a rosy prospect cannot last forever. Favored lender Freddie Mac reported the 30-year fixed rate dropped to 5.62%, a recent, record low for mortgage rates. (Inman, 2005)
The catalyst of change came in 1949, when the U.S. government established the "Housing Act of 1949." At this point it became a national goal to improve living standards for all American families and provide them with the opportunity to own their own home. When the act was established only 55% of American families owned their own homes. Thirty-five percent of them did
This economic indicator can be used to determine inequality within a given region or area. It can also be view the capacity for individuals within a particular nation to consume
b. ate of Value- $41,560
c. Source of Information- "Per Capita Personal Income U.S. And All States." Per Capita Personal Income U.S. And All States. Bureau of Business & Economic esearch, 12 Oct. 12. Web. 02 Feb. 2013.
d. Date of information- September 2012
6) Housing Starts-
a. Economic Indicator- Housing starts are usually indicated by the number of privately owned, new houses, under construction within a given period. This data is usually comprised of three, very distinct components of single family houses, condos, and apartment buildings. Housing starts are very important economic indicators as housing is a substantial component of the middle class family's net worth. Home ownership is also a means by which are other industries are successful.…
1) Cooper, Stephen. Census.gov. U.S. Department of Housing and Urban Development, 17 Jan. 2013. Web. 2 Feb. 2013.
2) "Insights on U.S. Mortgage Rates from Tom Reddin." Mortgage Rates RSS. N.p., 30 Jan. 2013. Web. 02 Feb. 2013
3) "Labor Force Statistics from the Current Population Survey." Bureau of Labor Statistics. 2012-06. http://data.bls.gov/timeseries/LNS14000000 . Retrieved 2012-06-15
4) "Per Capita Personal Income U.S. And All States." Per Capita Personal Income U.S. And All States. Bureau of Business & Economic Research, 12 Oct. 12. Web. 02 Feb. 2013
The outlook was very negative in August and September -- there were some serious issues such as the debt ceiling debate that could have been responsible for the strong negative outlook. The outlook has turned slightly positive of late though, an encouraging sign.
Overall, the data provides a mixed signal about the state of the economy. The major headline numbers -- GDP and unemployment -- are improving. This is supported by the FOMC's statement, which has shown that rates are going to stay low. However, there are some mixed signals in the other data, including CPI, real earnings and durable goods orders.
The type of number of course is important. Some of the numbers are more sensitive than others, and some are better indicators of the economic conditions of the country. The Philadelphia survey, for example, is regional and subjective, which makes it a less useful indicator. Such data is…
The change in the United States Real Gross Domestic Product (GDP) ratings has shown both ups and downs in the U.S. economy over the last two years. In the most recent quarter, the first quarter of 2011, the U.S. GDP increased over 2%. hile the GDP has increased every quarter since mid-2009, the quarterly increase in each of the last four reported periods was weaker than the quarterly increase between mid-2009 and early 2010. Overall, however, the recent increases suggest the U.S. economy is recovering from the recent recession.
In 2008, as the United States was entering a period of recession, the real GDP decreased in three of the four quarters of the year, and increased only slightly in the fourth. The GDP trended downward from the beginning of the year, where the real GDP decreased by around 1% in the first quarter, to the end, when the…
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King, Danny. (January 26, 2011.) "Gallup Poll: How Underemployment Hurts the Economy." Retrieved May 11, 2011 from Daily Finance at http://www.dailyfinance.com/2011/01/26/gallup-poll-how-underemployment-hurts-the-economy/
Whitehouse, Mark. (April 30, 2011.) "Number of the Week: Millions Set to Lose Unemployment Benefits." Retrieved May 11, 2011 from the Wall Street Journal at http://blogs.wsj.com/economics/2011/04/30/number-of-the-week-millions-set-to-lose-unemployment-benefits/
Economic indicators are used to measure the financial health of the economy. There are many methods and tools for measuring the economy and every economist has his favorite method. The health of the economy is measured by tracking certain indicators. Different economists use these indicators in various combinations. Some economists place more or less weight on different ones in making their predictions about which direction the economy will go. It is important to note the differences in measurement when assessing the opinions of popular economists of today.
This paper will be primarily concerned with the indicators, which would indicate whether we are currently in an inflationary economy or a deflationary economy. A recession occurs when real GDP declines for two successive quarters. However, the National Bureau of Economic Research (NBER) officially defines a recession as a "significant decline in activity spread across the economy, lasting more than a few months."…
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Morrison, Joanne UPDATE 1-U.S. fourth-quarter GDP growth revised higher. Reuters News
The Impact of Three Economic Indicators on Amazon
The way any organization performs will reflect a number of factors; one of the major factors will be the macro environment. Amazon.com, a major online retailer, can be considered in the context of the macro-economic by looking at the way that firm is impacted by different economic patterns. Three macro-economic indicators; personal income and outlay, producer prices index and the retail sales report will all be considered and discussed with reference the way that Amazons' performance may be impacted.
Personal Income and Outlay
An important, but lesser quoted, economic indicator is the personal income and outlays measure, which is published monthly. The figures for January 2012, which were published at the beginning of March, demonstrated that there was a 0.3% increase in total income and disposable income increased by 0.1% (BEA, 2012). Increases in the income measures are positive for Amazon.…
Bureau of Economic Analysis, (BEA), (2012), Personal Income and Outlays, January 2012, retrieved 12th March 2012 from http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm
Bureau of Economic Analysis, (BEA), (2012), Producer Price Index News Release, retrieved 12th March 2012 from http://www.bls.gov/ news.release/ppi.nr0.htm
US Census Bureau, (2012), Advance Monthly Sales for Retail and Food Services January 2012, retrieved 12th March 2012 from http://www.census.gov/retail/marts/www/marts_current.pdf
economic indicators: housing starts and personal income. A brief definition is given of each, as well as the current state. In addition, historic charts are presented with data for both indicators.
Define housing start economic indicator. Describe its current status. In addition, present a separate graph illustrating the historic trend for housing starts.
US Housing starts figures are reflective of the number of residential units, on which construction is began, for a specific time period. These starts are reported by the Bureau of the Census around the 16th of each month. Economists forecast housing starts by using the current month's permits to predict starts. Typically, building permits run in tandem with building starts. Housing starts are considered to be a leading indicator of the economy ("Housing starts," 2000).
A drop in mortgage rates is often followed by an increase in building permits and then starts. During turning points…
This leading economic indicator tracks how many new single-family homes or buildings were constructed throughout the month. For the survey each house and each single apartment are counted as one housing start, (a building with 200 apartments would be counted as 200 housing starts). The figures include all private and publicly owned units, with the only exception being mobile homes, which are not counted.
The housing industry accounts for about 25% of investment spending and 5% of the overall economy. Sustained declines in housing starts slow the economy and can push it into a recession. Likewise, increases in housing activity triggers economic growth.
Building permit data is released at the same time as housing starts. Permit activity provides insight into housing and overall economic activity. It is so important that it is included in the index of leading economic indicators.
Housing activity is directly impacted by mortgage rates.…
"Economic Indicators - Housing Starts." Investopedia.com. 2005. Investopedia.com. 11 July
"Overview of Hawaii's Economy." www.state.hi.us. www.state.hi.us. 11 July 2005
Macro-economic Indicators of Performance and How Recent Changes in Indicators Have Affected Performance of Organization
To grow and profit despite a ruthless recession, Petmart follows and consults certain macroeconomic indicators that regulate and direct its objectives and performance.
One of these is the Consumer confidence Index (CCI) . The CCI helps Petmart gauge spending patterns of the market and assess how the economy is growing in general and if it is predicted to pick up soon, as well as the economic situation in six months time. The CCI, a monthly release from the Conference Board is a highly regarded measure and reliable in that it surveys a huge demographic sample of 5000 households. plit into three sections: Index of Consumer sentiment (how people currently feel), Current Economic Conditions, and Index of Consumer Expectations (how people predict that their spending will be in 6-month's time), the CCI can help Petmart decide…
Bloomberg Business Week, 2011 "The pet economy: Purring along nicely" http://www.businessweek.com/investor/content/may2009/pi20090521_054370.htm
CNBC. PetSmart CEO on consumer spending video.cnbc.com/gallery/?video=3000055663.
Investopedia.com. macroeconomic indicators.
Economic indicators are statistics about the economy that can be used for the analysis of economic performance as well as predicting future performances. These economic indicators affect various organizations in one way or another, this paper will therefore look at various macro-economic indicators of performance and how recent changes in these indicators have on the performance of Electronics Arts as an organization.
One macro-economic indicator is Gross Domestic Product which can be termed as the godfather of indicators in the world. A low GDP affects Electronic Arts negatively; if the GDP In a country goes down it means that the people's living standard is low. This means that a low GDP is an indication that people within the country can no longer afford some of the things that they used to before. Therefore as a distributor of video games Electronic Arts will suffer when GDP goes down since…
Rambaldini, A. (2010). What Happens to Aggregate Demand If Interest Rates Go Up? Retrieved February 11, 2013 from http://www.ehow.com/info_12075854_happens-aggregate-demand-interest-rates-up.html
Markets.com. (2012) Main Macro-economic Indicators. Retrieved February 11, 2013 from http://www.markets.com/education/fundamental-analysis/main-economic-indicators.html
Select macro-economic indicators feel greatest impact operations / planning DirecTV. emember economic indicator measures a change general a specific aspect economy assessing macro-economic change chosen affects DirecTV Satellite Company.
DirecTV Satellite Company specializes in providing digital satellite broadcasting service in the Latin America and the United States. It has a customer base close to 20 million subscribers offering 1800 channels, various movie and sports packages, High definition channels, and capabilities of DV.
Gross domestic Product GDP
Gross domestic is a core macro economic indicator that measures the total economic output for an economy. GDP gives the measure of all goods and services realized within a country for a given time period. As a macro economic indicator, it gives the earning per year in the economy thereby, indicating the health of an economy especially given the economy's total demand Oxelheim, 2003.
GDP looks at the…
Mankiw, N. (2002). Principals of Economics. Stamford, U.S.: Thomson Learning.
Oxelheim, L. (2003). Macroeconomic Variables and Corporate Performance. Financial Analysts Journal, 59(4), 36-50.
Wickens, M. (2008). Macroeconomic Theory: A Dynamic General Equilibrium Approach. Princeton University Press.
When there is insufficient employee demands within a certain sector at the same time as an employee surplus, unemployment rises. Seasonal unemployment is created by sectors such as the hospitality and fruit picking industries, where demands for employees fluctuate according to the seasons. Finally, hidden unemployment refers to those who are not classified as unemployed, but may have been discouraged from searching for work. Turkey's unemployment rate has seen a steady decline from 2003 to 2013, with a current rate of 8.8% from about 12% early in the decade. The exception is around 2009, when unemployment spiked to a level of 16% in 2009 and just below 15% in 2010.
Inflation can be defined as the rate at which prices for goods and services increase, with a concomitant decrease in general purchasing power for such goods and services. The inflation rate is calculated by means of the consumer price index…
Oskay, S., Seda, S., and Ibrahim, E.G. (n.d.) Unemployment and the Turkish Case. Retrieved from: www.deu.edu.tr http://www.tradingeconomics.com
Microeconomics and Indicators of Agriculture and Manufacturing
When experts and professionals look at microeconomics, the study of behavior of the economy as a whole even though it can be very complex because there are many factors that weights it. Furthermore these economists and other analysts take the data they assess with numerous other monetary signs that they determine that allows them to update us on the general well-being of the national market. There are different sectors (markets) within the financial realm that assists the consumers from the information determined as well as the businesses, and government so these three departments can make wise decisions. In microeconomics consumers desire to recognize how difficult or simple it could be to find work, the cost or price of the goods and services they prefer or use regularly, how consumers look in to borrowing money like determine who to do business with because of…
Agriculture gdp as share of total gdp. (n.d.). Retrieved from http://www.unesco.org/water/wwap/wwdr/indicators/pdf/G3_Agriculture_GDP_as_share_of_total_GDP.pdf
Barnes, R. (2011). Economic indicators: consumer confidence index (cci). Retrieved from http://www.investopedia.com/university/releases/ consumerconfidence.asp
Davis, M. (2011). Microeconomics: factors of business decision making. Retrieved from http://www.investopedia.com/university/microeconomics/microeconomics4.asp
Encyclopedia of the Nations. (2011). Agriculture, value added (current lcu) -- value added local currency at current prices -- national accounts -- economic policy & debt -- world development indicators. Retrieved from http://www.nationsencyclopedia.com/WorldStats/WDI-value-added-agricultre2.html
Source: The Financial Forecast Center, 2009
Increases in unemployment rate mean that the gambling industry will be faced with fewer customers. This in turn will materialize in reduced sales and profits. If the situation continues to aggravate in the years to come, several players in the gambling industry might have to close their casinos. One must also notice the exceptional situations in which out of job individuals will gamble in the hope of winning some money. However, these instances are reduced and not able to modify the indirect relationship between the evolution of unemployment rate and demand for gambling services. Vice versa, when the unemployment rate decreases and the population enjoys more sources of revenues, the demand for the services of casino clubs increases.
2.3 Inflation rate (consumer price index)
The inflation rate represents the "percentage increase in the price of goods and services, usually annually" (Investor Words, 2009). Within…
Ameristar Casinos Inc., Hoovers, 2009, http://hoovers.com/ameristar-casinos/--ID__16260,FRIC__ -- /free-co-competition.xhtml last accessed on May 8, 2009
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Most particularly, I discuss the economic concept of demand and supply and the determinants of both supply and demand. Further, I also discuss in significant detail the meaning of economic indicators as well as monetary and fiscal policy.
Demand and Supply
Supply and demand are considered some of economics' most fundamental concepts. Indeed, they underlie almost every transaction in a market economy. In basic terms, demand according to Boyes and Melvin (2012), is "the amount of a product that people are willing and able to purchase at each possible price during a given period of time…" On the other hand, supply as Boyes and Melvin (2012) point out can be described as "the amount of a good or service that producers are willing and able to offer for sale at each possible price during a period of time…" It is the interrelation between these two important economic concepts that…
Boyes, W. & Melvin, M. (2012). Economics (9th ed.). Mason, OH: Cengage Learning.
Wessels, W.J. (2006). Economics (4th ed.). New York: Barron's Educational Series.
Economics impacts on many areas of life subsequently it will impact on many areas of professional life. eflecting on the lessons learned, including the knowledge and skills gained, the real value is in the way that economics concepts can be applied to the real world; not only to explain event that are seen in the macro-environment, but to guide the way personal decisions will be made with that knowledge.
The first indicator of the lessons and concepts taught in the class being absorbed and developing into transferable knowledge has emerged with an increased understanding of the way that the economy operates and the influences which are present in the economy that are driving up prices.
There are many examples of the economic concepts; one example is the way that supply and demand has impacted on oil prices which has had a knock on effect in the economy as…
Baye Michael, (2007), Managerial Economics and Business Strategy, McGraw-Hill/Irwin
Greimel, Hans, (2012. April 30), Toyota wants high-volume U.S. Prius output by '15; Hunt is on for N.A. hybrid parts suppliers, Automotive News, p4
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Increases in manufacturing reveal benefits early, one can track the benefit at all stages and report the benefits to the public quickly. According to a statement released by the Center for American Progress, "solar panels don't install themselves. Wind turbines don't manufacture themselves. Homes and buildings don't retrofit or weatherize themselves. In our industrial society, trees don't even PLANT themselves, anymore. eal people must do all of that work." The public wants a quick fix, they want to start hearing that the economy is doing better and a focus on manufacturing will accomplish this. Additionally, there has been increasing pressure on the White House to focuses on alternative energy sources. Such a policy would gain favor with democratic and liberal environmentalists.
4. Do you consider your views to be more aligned with a classical or Keynesian approach to economic thinking? Explain. (There is no right or wrong answer). See module…
Chea S., (2010). "Manufacturers' Orders as an Economic Indicator." Associated Content February, 2010. Retrieved from http://www.associatedcontent.com/article/2685879/manufacturers_orders_as_an_economic_pg2.html?cat=3 .
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Podesta, J., Stern T., (2007). "Capturing the Energy Opportunity: Creating a Low-Carbon Economy." The Center for American Progress, Nov. 2007. Retrieved http://www.americanprogress.org .
An analysis of the latest figures for key economic indicators and the factors which have affected these indicators. This should include the figures for unemployment, inflation and economic growth.
The unemployment rate is a very important indicator of the overall health of the economy. Currently the unemployment rate is at 7.8% (Office for National Statistics, 2012). However, this figure does not affect the population equally. Different segments of the population have different employment rates. Furthermore, the unemployment rate does not include people that are not actively seeking employment. In the chart these people are considered to be "inactive." Another interesting item listed in the report is that the unemployment rate for the youth demographic was falling due to a record number of 16 to 24-year-olds being enrolled in some type of educational program.
Employment in the UK has suffered from recession. In 2008 there was a…
Financial Times, 2013. Question 3: Fiscal Policy. [Online]
Available at: http://www.ft.com/cms/s/0/1115c770-545a-11e2-9d25-00144feab49a.html#axzz2IAShLpER
[Accessed 1 January 2013].
Kirka, D., 2011. UK recession fears grow as manufacturing drops. [Online]
Looking at the economy from a macroeconomic viewpoint means looking at a more broad approach to individual economic factors, weighing those factors, and making a determination as to whether the economy is stable and improving for the populace. Sustainable growth is one of the goals of economic development, and while there are peaks and valleys, the overall level and growth filters down to many factors. A booming economy, for instance, will create money and produce goods and services while affecting GDP, unemployment, inflation, interest rates, and prices. Policy can change these factors, increase or decrease confidence and spending, and the movement of money. However, in the 21st century, economic health is tied not only to countries, but to global issues of import and export, health of other economies, and the combination of factors that has become even more complex (Alesenai, 2003).
In the U.S. economy, most scholars see…
Credit Ratings: How Fitch, Moody's and S&P Rate. (2012). The U.K. Guardian. Retrieved from: http://www.guardian.co.uk/news/datablog/2010/apr/30/credit-ratings-country-fitch-moodys-standard
Economy at a Glance -- The United States. (2013). U.S. Department of Labor Bureau of Labor Statistics. Retrieved from: http://www.bls.gov/ eag/eag.us.htm' target='_blank' REL='NOFOLLOW'>
Economic Development in Honduras: A Banana ar Legacy
An Analysis of Economic Development in Honduras from 1820 to Present
In many Latin American countries such as Honduras, the historical emphasis that has been placed on agriculture as a money industry for export purposes has resulted in the term, "banana republic" (Nash & Jeffrey 1994). Following their independence, most Latin American countries continued to depend on the export of raw materials for their revenue, rather than investing in an economic infrastructure that would provide value-added services, which only further contributed to this pattern of dependence on foreign states. This is largely what has taken place in the Republic of Honduras as well, and the country continues to suffer from sporadic and inequitable foreign investment, much of which has illegally diverted into private hands rather than infrastructure development. This paper provides an overview of the Republic of Honduras, an assessment of the…
Bates, Stephen. (January 8, 1999). Good friends slip on a banana skin. New Statesman,
Befus, David R., Debbie L. Mescon, Timothy S. Mescon and George S. Vozikis. (1988).
International Investment of Expatriate Entrepreneurs: The Case of Honduras. Journal of Small Business Management, 26(3):40.
For the period of the late 1960s and early 1970s, West Germany strived to assist the dollar. The United States and many other nations pushed West Germany to reassess so as to make up for the dollar excess. (Germany in the World Economy)
At last, after escalating waves of conjectures, the retton Woods system had a collapse in August 1971. All through the post-retton Woods period, the deutsche mark stayed under pressure. In order to relieve strain within Europe, West Germany and other European states assented to peg their currencies to a special system of comparatively narrow exchange rate bands officially named the 'European narrow-margins agreement' but unofficially identified as the 'snake'. The United States and West Germany performed main roles in attempting to organize a new global monetary system. but, in spite of its willingness to make small exchange-rate alterations for the benefit of new currency arrangements, West Germany…
Little German Reform Would Go a Long Way" (Dec 1, 2003) Business Week. Issue: 3860; pg. 22. Retrieved from home.uchicago.edu/~gbecker / Businessweek/BW/2003/12_01_2003.pdf Accessed on 24 November, 2004
Economic Survey - Germany 2004: Main issues and policy challenges"
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Economy of Germany" Wikipedia, the free encyclopedia. Retrieved at http://en.wikipedia.org/wiki/Economy_of_GermanyAccessed on 25 November, 2004
economic situation in the U.. As compared to five (5) years ago. Include interest rates, inflation, and unemployment in the analysis.
Between 2009-2011, 6.1million workers were displaced from jobs that they held for at least 3 years. In 2012, the statistics for employment seemed to be more optimistic: whilst 1,340 mass layoff actions occurred in July, the Bureau of Labor tatistics (http://www.bls.gov/) reported that productivity increased 2.2% in the nonfarm business sector in the second quarter of 2012 whilst in manufacturing, productivity grew 0.1%. During this same year (2012), demand for employment also grew in wholesale trade and retail trade, whilst employment in the food and drink sector remained constant. The jobless rate as a whole this year has also decreased in a large number of areas whilst from April to July alone employment rose from 2.1 million to 19.5 million.
In June, 2012, the Federal Reserve ystem noted that…
Antitrust Acts and Laws
Bureau of Labor Statistics
disrupting America's economic system is a fundamental objective of terrorists
Even as the world continues to struggle with the terrible shock from the September 11 attacks in New York and Washington, one principle lesson has already become clear: disrupting our economic system is a fundamental objective of terrorists.
Prior to September 11, our economic environment was certainly not immune to terror, in comparison to many other nations; we lived relatively terror-free. Now, however, the aftermath of the terrorist attacks serves as a grim reminder that international relations and security developments can dramatically affect economic performance.
US History is replete with countless examples when macro fundamentals are overtaken by what economists refer to as, exogenous shocks -- surprise events that can profoundly and often unpredictably shift political and economic resources, and send even the most accurate forecasts astray. Commodity shocks, such as the two OPEC jolts in the 1970s, are classic…
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Becker, Gary S, Steven N. Kaplan, Kevin M. Murphy and Edward A Snyder. (2002 / winter). "The Economic Effects of September 11," GSB Magazine, University of Chicago's Graduate School of Business.
Bell, Stephanie. 2000. "Do Taxes and Bonds Finance Government Spending?." Journal of Economic Issues, Vol. 34, no. 3, pp. 603-620.
Economies of the UAE
Economics of the UAE
Current analysis of UAE Economy
Historical economic aspects
Discussion of basic economic indicators
GDP: per capita GDP; growth rate of GDP
Natural / Human resources & Infrastructure
Exchange ate Behavior and Forecasting
Demographics (age distribution)
Short-term and long-term prospects/forecasts for UAE Economy
Current analysis of UAE Economy:
The Persian Gulf states including Abu Dhabi, 'Ajman, Al Fujayrah, Ash Shariqah, Dubayy, Umm al Qaywayn, and a's al Qaywan are represented as UAE. The states follow an open economic and moderate political policy. The states are rich in oil reserves providing a structured support for their economic and social progress. The strong economic position of the states has enabled them to earn a competing position with the developed western countries. The continuous growth in economy has also enabled the businesses to invest in UAE. The governments of UAE are…
Al-Kaabi, M.K. (2012). The Strategic Alternatives of the Gulf Cooperation Council (GCC) Disruption of Maritime Traffic in the Arabian Gulf as a result of Iranian Threats to Close the Strait of Hormuz (Doctoral dissertation, Monterey, California. Naval Postgraduate School).
CIA. (2013). The world Fact Book. Central Intelligence Agency. Retrieved from https://www.cia.gov/library/publications/the-world-factbook/geos/ae.html
Elbadawi, I.A. (2012). The State of Open Government Data in GCC Countries. In Proceedings of the 12th European Conference on e-Government (Vol. 36, No. 41, p. 193). Academic Conferences Limited.
Ramamurti, R., & Singh, J.V. (Eds.). (2009). Emerging multinationals in emerging markets. Cambridge University Press.
Economic forecasting refers to the process of trying to predict the future state of the economy through a series of different indicators. This process helps to understand the probable future of a nation’s economy and for policymaking to help promote economic growth. When developing an economic forecast, various macroeconomic factors/conditions are taken into consideration. This paper provides an economic forecast of the U.S. economy based on recent economic indicators in 2017 and 2018.
Based on seasonally adjusted annual rates in the fourth quarter of 2017, the gross domestic product growth rate is expected to increase moderately in the first quarter of 2018. As shown in these indicators and based on recent macroeconomic conditions, GDP growth rate in the first quarter of this year is expected to be approximately 2.8%. Additionally, GDP growth rate will continue to increase moderately in the second half of the year to exceed 3.0%.
Kenyan reform policy Successful?
The need for reform in Kenya has been clearly demonstrated. But the question remains, has this reform been successful? The slogan of "Harambe" fueled the passions of the Kenyan people and drove them to strive as one nation to lift themselves up from poverty and oppression. It has been ten years since the last reform and it is now time to look back and see what has been accomplished.
To measure the success of the reforms we will consider several economic indicators both before the reform and after to see how they have changed. Then these factors will be considered as a whole to develop a better outlook on the entire picture. e will consider education, the performance of the industrial sector, the trade and tourism sector, the finance sector, rate of inflation, employment and wages, the agricultural sector, construction, social services and some comments on…
Adams, Martin. LAND REFORM: NEW SEEDS ON OLD GROUND? Overseas Development Institute. Number 6, October 1995.
African Perspective. Kenya at the Crossroads. Fourth Issue - Winter 2000/2001. http://www.sis.gov.eg/public/africanmag/issue04/html/enafr12.htm
Appleton, Simon, Arne Bigsten and Damiano Kulundu Manda Educational expansion and Economic decline: returns to education in Kenya,1978-1995.
Bureau for Africa U.S. Agency for International Development KEN YA Country Profile U.S.
Home Building Industry: An Economic Strategy
This paper will briefly explore how recent economic indicators such as record low interest rates for mortgages and housing starts should motivate house builders to strategize for continued economic growth. At this time while the housing bubble has not burst, it is important for such companies to focus on strategy in order to remain competitive when the bubble does burst.
This type of boom in originations has spawned tremendous economic growth with regards to employment rates, reurbanization, new home building, consumer spending and confidence and made hundreds of billions of dollars for the players involved. The housing boom kept this country afloat during the darkest moments after September 11, 2001 when other industries like travel, hospitality, entertainment, energy and telecommunications seemed uncertain. One can argue that such a relationship is cyclical; what comes around goes around in the manner of economic trends such as…
America's Homeownership Challenge. Retrieved June 30, 2005 from the World Wide Web: .
Hecht, B. Housing-Led Economic Development. Retrieved June 30, 2005 from the World Wide Web:
Domestic violence often occurs outside of marital bonds, and so will go underreported in analysis which employs the NSFH data set.
In researching the NSFH, some shortcomings are revealed. The NSFH asks short series of questions based on outcome, which do not draw the respondent in to answer the questions in a thoughtful, and ultimately, honest fashion. NSFH questions appear in the middle of a lengthy interview, and respondents may be tired, or simply lose attention at that point. Additionally, the importance of domestic violence issues may be lower in the mind of the respondents than in those of the interviewers, so reports of domestic violence may be underrepresented. Moreover, the NSFH did not consider the extent that nonviolent argumentative tactics are used as means of intimidation.
In a study that is trying to determine whether economic variables are salient risk factors in increasing domestic violence on women, a fatal…
Economic Integration of GCC Countries: Developments Since
Economic Integration of GCC Countries: Latest Developments Since 2010
It is important to examine the Gulf Cooperation Council (GCC) Key Economic Indicators. Primarily, 2014 Key economic indicators will present statistical information, which will seek to foster economic determination and engineer the determination of current and future performances. A collective economic indicator examines aggregate earning reports, list of economic summaries relating to this region and as well as, reflecting on various macroeconomic indices. This report will prove that the GCC (2014) economic indicators are collective in answering aggregate macroeconomic challenges. This study is a collective possible research leading to the construction of key economic indicators (2014) analysis as adopted by GCC partners. GCC economies have been growing tremendously in the past ten years. This study focuses solely on some of the serious economic developments and polices evident in the region in the past four…
Al-Busaidi, Samir. "Modelling Macroeconomic Shocks in the GCC: Is Monetary Unification Viable?" Review of Middle East Economics and Finance 9.1 (2013): 1-36
Cevik, Serhan, and Katerina Teksoz. "Lost In Transmission? The Effectiveness Of Monetary Policy Transmission Channels In The GCC Countries." Middle East Development Journal 05.03 (2013): 1350018. Print
Espinoza, Raphael A, Ghada Fayad, and A Prasad. The Macroeconomics of the Arab States of the Gulf. 2013. Print
Espinoza, Raphael. Williams, Oral., & Prasad, Ananthakrishnan. Regional Financial Integration in the GCC. New York: International Monetary Fund, 2010. Print.
In terms of output and growth, Canada's real GDP was 2.96% higher than it was a year ago, but the growth trend is slowing down from a growth rate high of 3.81% in Q3 2010. Japan's economy has contracted in Q2 2011 by 0.76%. It's rate has been volatile, growing rapidly over the past year only to contract again. The UK's growth rate is 1.63%, and that country has had fairly stable, if sluggish, real GDP growth. The current GDP growth rate in the United States is 2.33%. Real GDP growth is on a downward trend in the U.S. But has maintained healthy levels since Q4 2009.
All four countries were affected by the recession. Each experienced real GDP declines during the 2008-2009 period. Japan was the hardest hit. Yet each nation recovered in 2010, only to see the rate of economic growth slow again in 2011.
BoC. (2011). Inflation control target. Bank of Canada. Retrieved October 20, 2011 from http://www.bankofcanada.ca/monetary-policy-introduction/framework/inflation-control-target/
Estrella, A. & Trubin, M. (2006). The yield curve as a leading indicator: Some practical issues. Federal Reserve Bank of New York. Retrieved October 20, 2011 from http://www.newyorkfed.org/research/current_issues/ci12-5/ci12-5.html
Investopedia. (2011). Yield curve. Investopedia. Retrieved October 20, 2011 from http://www.investopedia.com/terms/y/yieldcurve.asp#axzz1VCSWJAY8
St. Louis Fed. (2011). International economic trends: August 2011. Federal Reserve Bank of St. Louis. Retrieved October 20, 2011 from http://research.stlouisfed.org/publications/iet/
If there is a risk that one of the family members will lose his or her job, that will add risk to the purchase decision. The riskier the purchase decision, the lower the price will need to be in order to compensate for that. Another factor here is the expected change in housing prices or interest rates. Buyers are inclined to enter the market if they believe that the cost of home ownership will be higher next year, but they may delay purchases if they believe that costs will be lower next year.
ith new home sales last summer, the dip could be in part due to worries about a double-dip recession. The summer was characterized by an inane fight over the debt ceiling, something that shattered confidence of many in the political system, and some of the key actors within that system. A fractured political system is one that…
Hauser, C. (2011, Aug 24). Sales of new homes fell again in july. New York Times, pp. B.6-B.6. http://search.proquest.com/docview/884825381?accountid=35812
In order to understand this idea about inventories, it is necessary to understand that if the prices were to change and not be rigid, then it would be the prices and not the inventories that would guide companies in their decisions about production. For example, if prices were increasing, a company would know that their product is popular and that they should increase the production of it. And if the prices were decreasing, the company would know that their product is not selling well and that they should probably reduce its production. In an economy though where the prices are fixed, companies need another way of deciding whether they should increase or decrease production. This is where Keynes came to the conclusion that the key is to observe the changes in the inventories in order to drive production (hat Causes a Recession to be a Recession, n.d.).
Harrison, Edward. "Chart of the Day: Unemployment as a Recession Indicator." 2008. Credit
Writedowns. 7 April 2009
Reddy, Sudeep. "Jobless Rate Hits 8.5%." The Wall street Journal. April 2009
Is the U.S. really recovering faster than the EEC and Japan-Asian trading partners?
The economic climate improved for all during the second half of 2003. owever, the U.S. recorded a more accelerated upturn during this period that many attribute to extensive tax cuts. Expansion in private consumption has been dramatic and business spending has also increased recently.
Japan's economy grew for a seventh quarter in Q3, 2003 the longest expansionary phase since 1997. Real growth came in at +.6% q/q, double the forecast. The economy expanded by 2.7%. In 2003, driven by exports and private capital investment. owever, deflation is set to continue, albeit at a lower pace, and the general government deficit is expected to exceed 7% of GDP for the next two years.
The performance of the Western European economy was weaker. After a prolonged phase of stagnation, signs of a gradual economic recovery became visible in…
Historically, GDP has increased in wealthy countries through productivity increases. Conversely, countries with a low productivity increase are among the poorest in the world.
Productivity differentials are the main cause of dispersion of per-capita income. Higher productivity first impacts profits. These profits are the basic source of increases in real wages and living standards. If production costs are not greater than increase in productivity, unit cost of production will be lower, opening the possibility for price decreases that will increase international competitiveness. Productivity growth is also an anti-inflationary force in that it offsets increases in nominal wages.
As evidence of the importance of productivity, researchers have estimated that about one-half of the productivity growth over the 1959-98 period was due to increases in the quantity of capital. The other half was due to increases in labor quality and improvements in efficiency.
This program is focused onto the following directions:
Generating stability with exchange rates
ebuilding confidence in the monetary policy
Better managing and restricting public debt
eforming and restructuring the banking sector to insure more transparency and the implementation of internationally recognized policies (The Icelandic Government Information Center, 2008).
4. Short-term forecast for the economy
The 2008 has severely impacted the Icelandic economy. In light of the dramatic effects as well as the efforts put into the reconstruction and reconsolidation of the Islanding economy, major growths are not expected. In other words, it is generally assumed that the country will regain its stability through small and gradual victories, which will, for the time being, only manage to stabilize the economy. Growth rates are expected to remain low and for 2010 for instance, the growth rate of the gross domestic product is expected to be close to zero (Central Intelligence Agency, 2010).…
2008, Economic programme in cooperation with IMF, The Icelandic Government Information Center, http://www.iceland.org/info/iceland-imf-program / last accessed on August 2, 2010
2008, Economic outlook 2008-2012, Landsbanki, http://www.landsbanki.is/Uploads/Maillist/Docs/economicoutlook2008-2012.pdf last accessed on August 2, 2010
2008, Glitnir releases economic forecast for Iceland, IceNews, http://www.icenews.is/index.php/2008/06/02/glitnir-releases-economic-forecast-for-iceland / last accessed on August 2, 2010
2010, Iceland economic statistics and indicators, Economy Watch, http://www.economywatch.com/economic-statistics/country/Iceland / last accessed on August 2, 2010
Similarly, the subprime crisis represents well the argument between GDP and GPI. The housing bubble resulted in strong profits for the banking, real estate sales and construction industries. Each contributed to GDP growth. Yet, GPI argues that very little real value was created. The sale of a home from one speculator to another increases the GDP, but it creates no value. If that home is flipped three or four times in a year, it inflates the GDP without creating any real wealth for the nation. Churning the economy and growing it are two different things. Therefore in GPI terms, the housing bubble would be deducted from the GDP figure.
Likewise the Iraq ar would be deducted. ar spending increases GDP dramatically, but death, destruction and erosion of goodwill are not "progress" as defined by GPI proponents. hen the negative forces that have propped up the GDP over the past eight…
Cobb, Clifford; Halstead, Ted & Rowe, Jonathan. (1995). If the GDP is up, why is America down? The Atlantic. Retrieved November 9, 2008 at http://www.theatlantic.com/politics/ecbig/gdp.htm
One of the other key measures of our economy is the unemployment rate. This measure provides something of a counterpoint to a growing GDP. The unemployment rate increased in October 2008 to 6.5%. The ability to find meaningful work is a key component of GPI, yet the GDP can grow even if unemployment is high. One of the reasons is that the GDP does not measure wealth distribution. The wealth gap has increased over the past eight years. Average household wealth has increased, but the rate of increase is faster in the top quartile of households. Real wealth in the lower quartiles has stagnated. Again, the GDP would measure the wealth as having grown nationally. But over the past eight years wealth distribution has worsened. hile this clearly constitutes economic success for some individuals, it does not constitute economic success for the majority.
The current account deficit has continued to…
Cobb, Clifford; Halstead, Ted & Rowe, Jonathan. (1995). If the GDP is up, why is America down? The Atlantic. Retrieved November 9, 2008 at http://www.theatlantic.com/politics/ecbig/gdp.htm
Economic Challenges Canada Faces
In recent years, the challenging economic condition in Canada has emerged as a concern for citizens, policy makers and the government alike. Canada faces challenges in terms of creating a more innovative society, as the country continues to experience a significant productivity gap compared to other advanced industrial economies. The Canadian industry appears to be slower in successfully developing, applying and marketing innovative products, processes and services than a majority of other nations. This lack of innovation is the cause of Canada's low productivity growth and competitiveness, and therefore must be addressed in order to increase employment growth, a higher standard of living and an improved quality of life for all Canadians.
Current research predicts that although Canada's economic performance will gradually strengthen out of the recent mild slowdown into a better pattern of growth in 2004, Canada's economy still faces the longer-term challenge of increasing…
Department of Finance Canada. (2004). The Economy in Brief. Retrieved March 8,
2005, from the Department of Finance Web site: http://www.fin.gc.ca/ECONBR/ecbr04- 12e.html
Economic Survey Canada. (2004). Building Partnerships for Progress. Retrieved March 8, 2005, from the Economic Survey Canada Web site: http://www.oecd.org/document/24/0.02340.en_2649
Environment Canada, Informing Canadians on Pollution. (2002) Highlights of the 2002 National Pollutant Release Inventory, Environment Canada.
Postal Service (USPS) operates at a loss but its closest competitors -- UPS and FedEx -- both operate at a profit. Suggest how fixed costs have contributed to the situation of the USPS. Provide support for your response.
I would suspect that the fixed costs of contributing to employee's retirement funds (Risk Analysis Research Center, 2009, p. 4) and also their restriction from closing local offices (Slentz and McCann, 2009, p. 12) contributes to higher fixed cost at USPS than FedEx because FedEx is not unionized and while UPS is unionized, and thus experiences a fixed cost that is incurred to the level of union contracts, those contracts are more negotiable for UPS than USPS, and nonexistent or fluid for FedEx. Furthermore while union contracts probably affect the rate of closure for physical facilities for UPS, this would probably be more negotiable than for USPS and…
5. From the e-Activity, compare and contrast the lemon law in two different states and analyze which offers the best protection for the consumer. Suggest what both states could do to improve their laws. Provide support for your response.
The California and Alaska Lemon Laws are largely the same except the California law (State of California Department of Justice 2012) restricts replacement / compensation to vehicles driven under 18,000 miles within the warranty period but the Alaska law (Carlemon.com, n.d.) does not restrict the warranty period by number of miles driven. All states could benefit from a uniform definition of "reasonable attempt" to replace or refund, which depends upon, and thus also entails, a standardization
Bush implied unemployment figures were declining and Kerry touted very high unemployment figures. In hindsight, it appears that the labor department statistics concurred with the Kerry camp. When Bush still won, unemployment trend indicators seem to be coming true now and there seems to be more problems on the horizon for the economy. The Bureau of Labor Statistics indicated recently that new jobs being created in the economy were the types of jobs that cannot fuel economic growth. Thus, the economy is and will continue to lose jobs to cheaper labor markets around the globe.
The Federal eserve has dictated the cost of capital for businesses to borrow. Trends show that cash shortages in corporate American are increasing and borrowing heavily will be a likely result. Therefore, future actions of the Federal eserve impacts a major aspect of America's future. Trends to observe by the Fed relate to consumer consumption…
Employment Situation Summary. Ed. Bureau of Labor Statistics. 12/3/2003. Department of Labor. Retrieved on 4/13/2005, from http://www.bls.gov/ news.release/empsit.nr0.htm.
Heilbroner, Robert, & Thurow, Lester (1982). Economics Explained: Everything You Need to Know About How the Economy Works and Where it Is Going. Englewood Cliffs: Prentice Hall.
Marx, Karl (1977). Capital, Volume 1. New York: Random House.
Marx, Karl (1978). Capital, Volume 2. New York: Random House.
Inevitably, the level of economic development has a direct contact with the marketing strategy of a company. Basically a company's marketing strategy is a mixture of three things which are distribution, promotion and pricing.
Companies usually make its marketing strategies according to the level of economic development in both the multinational and global context. For a developed country, the organizations have an idea that promotion and pricing strategies will be crucial for them merely to accelerate the level of their earnings. There can be a marginal difference between the standardized form of marketing and local method of marketing. Standardized form of marketing compel the organizations to facilitate the consumers in the same way as they wanted while the domestic marketing makes their own rules of entertaining the consumers, this is the main thing why the standardized form is more productive than the domestic form. Standardized form of marketing includes tailoring…
Economic Development, retrieved from < http://www.edrgroup.com/library/economic-development / >, Accessed on [7th April, 2011]
John, E (1999), Economic Development, John Wiley & Sons Professional Publications
Michael, P & Stephen, S (2009), Economic Development, McGraw Hill Publications
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Growth The retailer sector was lately affected by the back-to-school shopping season, which did not start so well, as midprice department stores, discounters and specialty-apparel retailers announced disappointing sales results during August, which reinforced the already much debated concerns that consumers are not comfortable with the current state of the economy and are reluctant to consume, considering the shaky and uneven economic recovery.
However, luxury department-store chains managed to post significant earnings, as they benefited from the help of an important number of upscale shoppers. Still, the effects of higher gas prices and the rising value of grocery bills, combined with lackluster job growth were severely felt by moderate- and lower-income shoppers.
Michael Niemira, chief economist and director of research at the International Council of Shopping Centers feels that "There's weaker-than-expected performance," due to the fact that "there was a slowdown in spending, but some results are exaggerated by…
1. Higher energy prices depress overall economy. Charles Stein.
Knight Ridder Tribune Business News. Washington:
Aug 6, 2004. On the Internet at http://gateway.proquest.com.libproxy.unm.edu/openurl-url_ver=Z39.88-2004&res_dat=xri:pqd&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&genre=article&rft_dat=xri:pqd:did=000000674708321&svc_dat=xri:pqil:fmt=text&req_dat=xri:pqil:pq_clntid=2877
2. Retailers' Sales Come In Weaker Than Expected; Soft Results Reinforce Fears About Consumer Confidence; Discounters Saw Biggest Hit. Kortney Stringer.
Economics - Country Analysis
Country Overview and Current Events (News)
Ethiopia, traditionally known as Abyssinia, is a landlocked Sub-Saharan country located at the Horn of Africa in East Africa, bordering Somalia, Kenya, Eritrea, Djibouti, Sudan, and the newly-created South Sudan. It covers approximately 1,126,829km2 of land; about the size of the state of Texas, and was, until the split of Sudan, the second-largest country in Africa. Being landlocked, Ethiopia largely relies on the port of Djibouti, to which it is connected by both rail and road. Economic elements such as this, together with the country's history, population, geography and economic performance have been explored in the subsequent sections of this text.
Population: the U.S. Census Bureau, in June 2013, estimated Ethiopia's population to be 93,877,025; a figure that makes the country the second-most populous in Africa, after Nigeria (orld Bank, Index Mundi). Ethiopia's population has been on a steady increase…
AFDB. "Inflation Dynamics in Selected East African Countries: Ethiopia, Kenya, Tanzania and Uganda." AFDB Brief, 2012. Web. 18 March 2014 http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/07022012Inflatin%20East%20Africa%20-%20ENG%20-%20Internal.pdf
This article analyses the trend in Ethiopia's inflation rates vis-a-vis those of other countries in the Sub-Saharan region and was a valuable source of regional statistics, which formed the main basis for comparison.
Broussar, Nzinga, and Tekleselassie Tsegay. "Youth Unemployment: Ethiopia; Country Study." International Growth Center, 2012. Web. 18 March 2014 http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/07022012Inflation%20East%20Africa%20-%20ENG%20-%20Internal.pdf
This article analyzes the trend in Ethiopia's employment patterns. It reinforced my arguments that unemployment is more prevalent in urban Ethiopia, and that the country's informal sector contributes more to GDP than the formal sector.
One can therefore expect that Israel will benefit from an increase in knowledge-based industry that will continue to power employment and GDP growth.
Investment is a triple indicator: relative attractiveness of the country, the type of investment being attracted, and political stability or instability. In comparison to the U.S., all countries save Saudi Arabia are attracting more investment. One would expect that the U.S., as a relatively mature first-world economy, would be at a relatively lower level. The surprise in this analysis exists in both extremes: Saudi Arabia on the low side, and Qatar, Kuwait and Dubai on the high side. Israel's relatively low investment can be explained by the type of knowledge-intensive industrial development it is experiencing now.
Qatar and Kuwait are experiencing resource-extraction investment at record levels. The primary driver is natural gas expansion. Unlike oil, natural gas must be processed extensively by capital-intensive facilities before it…
CIA. (2007). World Fact Book. Retrieved August 3, 2007, from CIA: https://www.cia.gov/library/publications/the-world-factbook/print/is.html
Collins, G. (2007, July 1). LNG Observer. Retrieved August 1, 2007, from China making bid to lead LNG carrier building: http://www.ogj.com/articles/save_screen.cfm?ARTICLE_ID=297535
Economist. (2007, July 26). Vigorous but Vulnerable. Retrieved August 3, 2007, from Economist: www.economist.com
Ford, N. (2006). Oil Producers Spend Windfall Wisely: There Has Long Been Global Fascination with How and Where the Arab Oil Producing Nations Spend Their Cash. Neil Ford Reports That the Trends of 2006 Are Very Different to Those of 30 Years Ago. The Middle East, 36.
Shift from Central Planning to Market Economy
The Turkish economy is in what might be termed semi-precarious health. It could certainly be worse, but also certainly be better. Since its birth as a nation-state into its current shape in 1923 in the wake of World War I, Turkey has operated a mixed economy, in which both state and private enterprise have contributed to economic development. (Indeed, it is arguable that all country's in the world today have a mixed economy; the United States may be a bastion for private enterprise but many workers also benefit from government money, such as the money awarded by the federal government to private companies in the form of defense industry contracts.) Since the end of World War II, the economy has been transformed from a predominantly agricultural one to one in which industry and services are the most productive and rapidly expanding sectors even…
Abramowitz, M. (ed.) (2001). Turkey's transformation and American policy. New York: Century Foundation.
Hershlag, Z.Y. (1998). The contemporary Turkish economy. New York: Routledge Kegan & Paul.
Howe, M. (2001). The Kurdish conflict in Turkey: Obstacles and chances for peace and democracy. London: Palgrave. http://apps.nccd.cdc.gov http://www.imf.org http://www.immigration-usa.com/wfb/turkey_economy.html http://www.rt66.com/~korteng/tudemog.htm
Ibrahim, F. (ed.) (2000). Turkey today: A nation divided over Islam's revival.
The customers want to watch out the promotional offers, and a recent survey showed that in many cases it would take discounts of up to 50% to persuade customers to make a purchase (Business Insider, 2012). Therefore, rather than appreciating the more consistent everyday low prices, the JC Penney customers have seen the move as taking away their opportunity to purchase goods on promotional offers. The result has been significant, in the first quarter alone the company saw revenue drop by 20%, with the firm losing 10% of their customers (Bickle, 2012). The strategies continue to struggle, with the 2012 revenues amounting $17,260 million, compared to $17,759 million in 2011, the result of 2012 was the lowest revenue in the last five years (Morning Star, 2013). This has had an undeniable negative impact on the company stock, following an initial gain of the strategy was announced, the firm has struggled,…
To examine the causes the independent variables will be the costs associated with the production and sale of the cars, looking a both the direct and the overhead costs in the years prior to the bailouts, to assess the degree to which the firms appeared to have control over their costs. If there was a lack of control over the costs, the level of costs may be a predictor of future problems.
Definition of Terms
Before undertaking the research it is necessary to define some of the terms which will be used. The failure of a firm relates to whether a firm entered into bankruptcy. Bailout funding was the funding that was received from the government as part of an official bailout package in order to help the firm survive.
The costs will be assessed in terms of the overall costs incurred to manufacture cars; this may be the cost…
Isidore, C. (2008, November 17). Auto Bailout: Showdown. CNNMoney.com. Retrieved from http://money.cnn.com/2008/11/17/news/companies/gm_showdown
Hiraide Norikatsu; Chakraborty, Kalyan, (2012) Surviving the Global Recession and the Demand for Auto Industry in the U.S. -- a Case for Ford Motor Company, International Journal of Economics and Finance, 4(5), 85-94
Ooghe, Hubert; De Prijcker Sofie, (2008), Failure Processes and Causes of Company Bankruptcy: a typology, Management Decisions, 46 (1-2), 223-242
Watson, Thomas, (2009), Automotive Trouble, Journal of Domestic Car Production, 82(7), 11-12.
The three major categories for the federal government's revenues include: individual incomes taxes, corporate income taxes and social insurance taxes. Individual income taxes accounts for the largest amounts of spending for the federal government. As, these figure increased from: $1.1 trillion in 2010 to $1.3 trillion in 2011. While social insurance taxes are the second largest source of revenues with them providing at total of: $938 billion for 2010 and $978 billion for 2011. Then, there are corporate income taxes that are accounting for revenues of: $252 billion for 2010 and $292 for 2011. ("The udget and Economic Outlook," 2011)
What are the three major categories of expenditures for the federal government? Please comment on each and indicate their relative importance to each other. Relative importance can be indicated by dollar amounts, percent of total revenue or expenditure or, though less informative, by ranking.
Three categories for the…
The Budget and Economic Outlook. (2011). CBO. Retrieved from: http://www.cbo.gov/ftpdocs/99xx/doc9957/01-07-Outlook.pdf
Debt Panels Plan would cut $4 Trillion. (2010). CNN. Retrieved from: http://money.cnn.com/2010/12/01/news/economy/fiscal_commission_final_report/index.htm
What are Leading, Lagging and Coincident Indicators. (2011). Investopedia. Retrieved from: http://www.investopedia.com/ask/answers/177.asp#axzz1dPfs5OIY
Freid, C. (2011). Deficit Reduction Proposals. CBS News. Retrieved from: http://www.cbsnews.com/8301-505123_162-41141567/deficit-reduction-proposals-what-they-could-mean-for-you/?tag=mwuser
U.S. ECONOMIC PEFOMANCES IN THE PAST 5 YEAS
U.S Economic Performance in the past 5 years
Major indicator of healthy state of an economy is the real Gross Domestic Product (GDP) growth rate. The GDP growth rate reveals the performances of an economy. United States is one of the richest country in the world and "has the largest gross domestic product (GDP) in the world." (Jabir, 2009 P. 3171). The country total GDP in 2010 was $14.5 trillion. (World Bank, 2012). Since 2006, the U.S. GDP has continued to fluctuate. Between 2006 and 2007, the U.S. enjoyed the growth in the GDP. In 2006, the country recorded 2.70% point of annual rate in the GDP, and in 2007, the country GDP slightly declined to 1.9%. While the U.S. demonstrated health growth rate between 2006 and 2007, the country recorded negative growth in the GDP between 2008 and 2009. In 2008,…
Bureau of Economic Analysis (2011). Contributions to Percent Change in Real Gross Domestic Product. USA.
Congress Budget Office (2012). The Budget and Economic Outlook: Fiscal Years 2012-2022. Congress of the United States.
Congressional Budget Office (2011).Budget and Economic Outlook: Fiscal Years 2010-2021. Government Printing Office. USA.
Economic Intelligent Unit (2011). Country Report, United States of America. The Economist Intelligence Unit Limited.
POSITIVE AND NOMATIVE ECONOMICS ELATES TO THE U.S. GOVENMENT
The objective to the success of a specific science is the capability to identify and delineate opinions on 'what is' from 'what ought to happen'. This includes providing a demarcation between positive statements and normative statements. Positive statements deal with 'what is, was or what will be' but the normative statements deals with 'what ought to be' and are based on value judgments regarding what is good or what is bad. The positive conclusions could be considered as those which are extensively applicable throughout the whole world and they are testable whereas the normative instructions are not testable but constitute the basis for formulation of positive statements. Positive statements are for example, when we ask economists to inform us regarding how the price system operates, we are asking them to travel us along the road of positive economics. The following statement…
"Americans on Globalization: A Study of U.S. Public Attitudes." (28 March, 2000) Retrieved from http://www.pipa.org/OnlineReports/Globalization/introduction.html Accessed on 14 May, 2005
Deardorff, Alan V; Stern, Robert M. "An Overview of the Modeling of the Choices and Consequences of U.S. Trade Policy." The University of Michigan. Discussion Paper No: 400. Retrieved from http://www.fordschool.umich.edu/rsie/workingpapers/Papers376-400/r400.pdf Accessed on 14 May, 2005
Economics 104B - Lecture Notes Part III (November 9, 2004) "The Demand Side: Keynesian Economics" Retrieved from http://18.104.22.168/search?q=cache:1BoqrVQy0tgJ:economics.wustl.edu/~e104sf/lec-notes-III.doc Accessed on 14 May, 2005
Higgs, Robert. "Book Review: The Future of U.S. Capitalism." New York: Cambridge University Press. Retrieved from http://www. the.net/bookreviews/library/0554.shtml Accessed on 14 May, 2005
Principal-Agent Model in Economics and Political Science
The international political perspectives of free trade
A Global Analysis
International Trade Impact on Tunisia
The Export of agricultural products
International trade and development of Tunisia
Balance in the Trade egime
Imports and exports of Tunisia
Coping With External and Internal Pressures
The Common External Tariff (CET)
Anti-Dumping Duties (ADDs) and Countervailing Duties (CVDs)
ules of origin
The New Commercial Policy Instrument
Sector Based Aspects
GATT/WTO's Main Principles
Multilateral negotiation and free trade
The Trading Policies of European Union
Critical Political Economy
The Gross Domestic Product of Tunisia
The eal Data Analysis of Import Export Companies in Tunisia
The Smith Co Company
The Softkim and Lovers Limited
The Impact of Free Trade on Tunisia Trading 43
Africa, the Caribbean, and the Pacific
Alternative Mediterranean Conference
Bhagwati, J. (2002). Free Trade Today. Princeton, NJ: Princeton University Press. Retrieved August 15, 2011, from Questia database: http://www.questia.com/ PM.qst?a=o&d=' target='_blank' REL='NOFOLLOW'>
Labor is a commodity that needs to be purchased for business activity. In the uncivilized world of the past labor could be exploited to the extreme, but in modern times trade union movement, increased public consciousness, health, safety and environmental regulations and labor regulations have meant that the near slavery condition of the past are totally unacceptable.
Nevertheless, labor remains a commodity requiring efficient, humane and cost effective management to increase profitability and balance human rights and investors' interests. This effort has resulted in labor economics developing as a branch of microeconomics. This paper reviews labor economics and its importance in the modern day economic and business activities.
Important Components of Labor Economics
Labor Supply and Demand
Quality of Labor (Investments in Human Capital)
Non-Wage Labor Costs
Pay & Productivity
8. Economics of Discrimination
9. Social Accountability
10. Trade Unions…
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Global Economic Analysis
Describe the Economic State of the Country
The state of the economy of any nation or region is influenced by the economic conditions that change over time, consistent with the business cycle. The economic state of France, in accordance to the research findings, is at a contraction phase. This is owing to the fact that the economic conditions within the research are adverse. The absence of extensive and prevalent economic weakness throughout the whole economy is indicative that France is not presently going through contraction. This is largely because the weakness disseminates throughout the economy, not just in a geographic sense, but also in the sense of different sectors such as employment. This can be perceived through the different economic indicators analyzed. The real GDP, Productivity and GDP per Capita PPP are all declining, indicative of adverse conditions of the economic state.
Describe the Current Business Cycle…
B2B International. (2016). Effective marketing strategies for a recession. Retrieved 28 January, 2016 from: https://www.b2binternational.com/assets/ebooks/marketing_recession/recession_marketing_4.pdf
Baumohl, B. (2012). The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities. New Jersey: Princeton.
English, C. (2013). HARD MARKET VS. SOFT MARKET: THE INSURANCE INDUSTRY'S CYCLE AND WHY WE'RE CURRENTLY IN A HARD MARKET. PSA Financial. Retrieved 28 January, 2016 from: http://www.psafinancial.com/2013/01/hard-market-vs.-soft-market-the-insurance-industrys-cycle-and-why-were-currently-in-a-hard-market/
Globalization in the economic sense - economic, social and technological process that advocates a constant interdependence at a global level, supporting trade liberalization.
International Monetary Fund (IMF) - an international financial organization that monitors the global financial flows and that offers financial assistance to Third World countries.
African Festival of Arts and Culture (FESTAC) - cultural festival that promotes and sustains the revival of the lack cultural values and civilization.
1945 - the end of the Second World War and the beginning of the contemporary period. It is also equivalent with the start of the decolonization period, with Indonesia one of the first countries to make this step.
Poverty - lack of the material capacity to finance the basic needs of an individual or a society.
A unfreedom" ref. Sen - according to Sen, these would include, besides lack of political freedom or freedom of the press, forms of unfreedom…
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Only the Introduction and Chapter 1)
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While some states agreed with the approach decided by President at the time George Bush, other states would have opted for a more peaceful approach. Otherwise put, the seed of these international political conflicts was represented by the War on Terrorism, or the violent response of the Bush Administration to the terrorist attacks on September 11. The national opinions were also diverse, with some groups voicing their concern that the WOT was merely a pretense to invade the rich-in-oil Afghanistan and Iraq (Shah, 2007), whilst others sought refuge, peace, security or even revenge in the endeavor. egardless of the stand taken by each individual, fact remains that the War on Terror has generated numerous effects upon the national economy.
Gary North (2006) is rather cynical relative to the War on Terror and argues that it is being led by the same organization which ran the unsuccessful war on drugs --…
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Makinen, G., 2002, Report for Congress: The Economic Effects of 9/11: A Retrospective Assessment, Federation of American Scientists, Retrieved from www.fas.org/irp/crs/RL31617.pdf on April 22, 2009
North, G., April 1, 2006, War on Terrorism's Economic Effects, Economic Edge, http://econedge.org/01/war-on-terrorisms-economic-effects / last accessed on April 23, 2009
O'Rourke, M., Spring 2005, The Impact of the "War on Terrorism" on Internal Conflicts, The Ploughshares Monitor, http://www.ploughshares.ca/libraries/monitor/monm05d.htm last accessed on April 23, 2009
Islamic Bonds: Sukuk and the World of Finance
Stocks and bonds are among some of the most common ways of investing and raising capital in the financial markets today. Investors in the international arena are presented with a myriad of choices in terms of bond types. One of these is a relatively recent bond market that has emerged from the Islamic community, known as "Sukuk." This term is used to describe Islamic bonds. This type of bond distinguishes itself from its Western counterpart by its adherence to Shari'ah principles, one of which is the prohibition on charging or paying interest (Islamic Development Bank, 2010). This is accomplished by granting the investor a share of the investment asset, with its cash flows and risk. The growth and success of the Sukuk market has been remarkable, in that it caters to an investor market that seeks to diversify its holdings beyond the…
Financial Times (2011). Definition of Sukuk. Retrieved from: http://lexicon.ft.com/Term?term=sukuk -(Islamic-bonds)
Islamic Development Bank (2010). What is Sukuk? Retrieved from: http://thatswhy.isdb.org/irj/go/km/docs/documents/IDBDevelopments/Internet/thatswhy/en/sukuk/what-is-sukuk.html
Rana, S. (2014, Nov. 27). Pakistan raises $1b through Sukuk bonds. The Express Tribune. Retrieved from: http://tribune.com.pk/story/798044/pakistan-raises-1b-through-sukuk-bonds/
Reuters (2014, May 1). Pakistan will issue dollar-denominated sukuk soon: Dar. Dawn. Retrieved from: http://www.dawn.com/news/1103402
Subprime mortgages were not by any means a major component of the total market, yet when they crashed, the high degree of market interdependency led to sharp declines in the value of many companies, not just banks that happened to be burdened with toxic assets. The methodology will therefore begin by comparing the interdependence of different markets over time. This will reveal whether or not sectors and global markets have become increasingly correlated over time. It is hypothesized that they have, which in turn has contributed to an increase in systemic risk as such interdependence reduces the value of diversification.
The second component of the paper will examine what is being done with respect to reducing systemic risk. This component will include an overview of the traditional theory and a review of the current literature on systemic risk. The crisis has spurred new work on systemic risk, including work specific…
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Huang, X; Zhou, H. & Zhu, H. (2009). A framework for assessing the systemic risk of major financial institutions. Journal of Banking and Finance. Vol. 33, 11, 2036-2049.
Economics of Forestry
Timber is the major product currently harvested from forests. Timber is used in a variety of products ranging from houses to paper and paperboard products. Long ago it seemed as if the supply of wood from forests was abundant and as if there would always be enough to provide everything that we could possibly need. However, recently we have realized that this is not the case. Timber is a major source of income and has become necessary to sustain out life-style as we know it. There has been a clash of ideology between ecologists and economists. Ecologists point out that forests have many other benefits besides just providing timber and are quick to point out that we need them to reduce the level of green house gases and carbon dioxide in the atmosphere. Economists are equally as quick to point out that we need timber to sustain…
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economic tools concepts to evaluate a current issue situation which exist today in the U.S. health care industry
There are two sets of health issues and many players in the health industry. One set of paradigm deals with the public and private health care issues, and another the emerging trend of market oriented changes in the health care industry. Hitherto health care was a public service but has now transformed itself into a competitive industry. In other words it has become a part of the national economy and economic analysis is not only important to care givers and institutions, but is also important to doctors and medical workers because the health industry is highly competitive. The debate on public health issues changed in the past with more scientific developments and insight into community care and medicine. (Fox; Ludden, 1998)
Some of the modern developments of the end of…
Value creation to day is mostly done by pharmacy benefit managers -- PBMs and health maintenance organizations -- HMOs. The new healthcare players are thus in need of these tools to improve the medical cost management skills, and creating a competitive organizational culture. (Goh; Pritula, 1996) Another tool to analyze the economy of the health care industry is the way the demand for and the supply of the care grows or subsides. Today health-care markets like all others have been influenced by supply and demand, and the more competitive environment which has created purchasers like insurers and investors in the industry have now become beneficiaries of the market forces and the cost of health-care is now a great percentage of the gross national product -- GNP as a result of the interplay of demand and supply changes. (Fox; Ludden, 1998)
Here the supply and demand in the health industry is taken by the public and private sector, and this has paved way for the growth of medical science. For example the changes in the healthcare spending and patient revenue and hospital utilization shown in table one was computed by Sensenig et al. (1996). Likewise are the changes in consumer prices for medical care services. There are many other indicators which show the way the industry behaves given the specific economic condition. To this variables some specific conditions for example inflation, and other economic situations are detected and the comparison provides the mechanism why the health care expenditure change. The table 1 shows the fact that "Medical care prices are now growing at roughly twice the rate as overall prices." (Sensenig, et al., 1996)
Health care professionals now use concepts like Utilization review for case management and this analysis will be beneficial to social workers making them indispensable to the management and
This could indicate that the latter two countries seek to join the EU in hopes of more prosperous futures.
e) State of education in the country
From the standpoint of education, this is best ranked in Belgium, with a score of 8.8 on a scale from 1 to ten, and it is closely followed by France, with a score of 8.5, on the same scale. The Germans ranked their educational system with an 8, and the Dutch ranked their educational system with a 7. Turkey reveals a similar perception of its educational system as the Dutch, but the Croatians and the Turks have less positive perceptions over their educational systems.
From this standpoint then, it could be argued that all three non-EU member states would benefit from the accession to the EU as this would serve as grounds for improvement of their educational sectors.
f) State of health services in…
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Unfortunately, as promising as the potential benefits of incorporating brain-based, active learning, inquiry-based, hands-on participation, and multiple intelligence-based methods of academic instruction is, comprehensive programs of this nature are largely unavailable on a wide scale, owing to budgetary considerations. However, since virtually every tested addition of multidimensional instruction has been associated with beneficial results (Schroeder & Spannagel 2006), intuition would suggest that the addition of instruction via educational programming is also likely to be conducive to improvement over traditional lecture and textbook-only methods of instruction.
Obviously, if given the choice between non-academic programming and educational programming, most middle and secondary school students would prefer the former. On the other hand, where methods of instruction depart from the traditional limitation to lecture and textbooks only (Bimonte 2005), even voluntary class attendance increases. Nevertheless, contemporary education programs generally neglect the potentially valuable medium of televised instruction except in connection with…
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