Global Economic Crisis Essays (Examples)

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Conducting International Banking Research

Words: 3478 Length: 12 Pages Document Type: Essay Paper #: 36486757

International Banking Quantitative Study
Introduction
The purpose of this quantitative study is to assess the confidence levels of members of the international banking community with respect to the sector’s ability to weather another global economic crisis like that seen from 2007-2009 following the collapse of sub-prime in the U.S. and a tidal wave of leveraged defaults across the global banking sector which only found relief through central banking intervention (Haitsma, Unalmis & de Haan, 2016; Heller, 2017). To better understand the extent to which the international banking sector is prepared for another possible global economic crisis, it is helpful to address the community directly and obtain from the horse’s mouth, so to speak, how vulnerable real life bankers feel in 2018, what with a trade war between the U.S. and China possibly turning into a hot war, and numerous countries around the world audibly voicing their desire to begin getting…… [Read More]

References
Bouvatier, V., & Delatte, A. L. (2015). Waves of international banking integration: A tale of regional differences. European Economic Review, 80, 354-373.
Bruno, V., & Shin, H. S. (2015). Capital flows and the risk-taking channel of monetary policy. Journal of Monetary Economics, 71, 119-132.
Chenail, R. J. (2011). Interviewing the investigator: Strategies for addressing instrumentation and researcher bias concerns in qualitative research. The Qualitative Report, 16(1), 255-262.
Haitsma, R., Unalmis, D., & de Haan, J. (2016). The impact of the ECB\\'s conventional and unconventional monetary policies on stock markets. Journal of Macroeconomics, 48, 101-116.
Heller, R. (2017). Monetary mischief and the debt trap. Cato Journal, 37(2), 247-261.
Kanagaretnam, K., Lobo, G. J., Wang, C., & Whalen, D. J. (2015). Religiosity and risk- taking in international banking. Journal of Behavioral and Experimental Finance, 7, 42-59.
Weiß, G. N., Bostandzic, D., & Neumann, S. (2014). What factors drive systemic risk during international financial crises?. Journal of Banking & Finance, 41, 78-96.
Wong, E., Tsang, A., & Kong, S. (2015). International Banking and Liquidity Risk Transmission: Evidence from Hong Kong SAR. IMF Economic Review, 63(3), 515-541.
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Economic Crisis Introductory Remarks the

Words: 2043 Length: 7 Pages Document Type: Essay Paper #: 86739283

Ergo, the role of the EU seems to be that of implementing protectionist policies. These would be developed onto three simultaneous directions.

A first set of policies would revolve around the creation of a new market architecture at the EU level. This would strengthen the EU's position in the face of future challenges by:

ensuring a sustained and strong support from central banks allowing banks to rapidly implement the rescue plans, and allowing the Union to rapidly implement decisive methods that would prevent the expansion of the crisis to other countries (Commission of the European Communities, 2008).

A second set of strategies revolves around the necessity to really analyze the impacts the crisis has had upon the real economy and find ways in which to improve the real economy. These policies would combine short-term solutions to issues in need of rapid response as well as long-term projects. The short-term solutions…… [Read More]

References

Budowsky, B., January 22, 2008, the Economic Crisis, the Hill

Kilmister, a., December 2008, the Economic Crisis and Its Effects, World Economy, No. 407

Miller, J., Jackson, B., Who Cause the Economic Crisis? The Annenberg Public Policy Center of the University of Pennsylvania

http://www.factcheck.org/elections-2008/who_caused_the_economic_crisis.html, last accessed on January 7, 2009
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Global Economic Effects in Bahrain

Words: 2644 Length: 10 Pages Document Type: Essay Paper #: 17647935

New International Banking Regulations on Bahrain Banking Sector

Major International regulatory developments that impacted banks in Bahrain for the past five years

Current Regulatory Trends Impacting Regulatory Activities in Banks in Bahrain

Top Three Risks Facing Banks in Bahrain & how it can help Develop Regulatory Environment

Following the global financial crisis of 2008-2009, there has been a worldwide debate about better regulations in the world banking systems which has impacted banks all across the globe. The global crisis led to, many banks all over the world reporting a financial loss in their financial report primarily due to connections with subprime mortgages in the United States or they were simply affected by the acute liquidity and credit crunch following the crisis of by the ensuing economic recessions in their own countries and regions. However, since the economic crisis, there has been enhanced public's interest in the Islamic banks primarily located…… [Read More]

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Analyzing the Economic Crisis

Words: 2571 Length: 8 Pages Document Type: Essay Paper #: 90789766

Global Economic Crisis

Throughout the history of the U.S. and the world at large, financial crises and the resultant economic recessions have occurred unerringly recurrently. In fact, the phenomenon has become so common that some think of such crises as parts of economic systems of the major world powers. The most recent one is the 2008 financial crisis that brought about the world economic recession. The recession resulted in over 4.1 trillion dollars in losses, increased poverty, unemployment numbers climbing to over 10% in the U.S. and quite higher in major European economies, major banks collapsed and several stock markets crashed. In fact, American investors alone lost over forty percent of their savings value. Housing prices dropped sharply from the high recorded previously in 2006. The 2008 crisis also resulted in decline in manufacturing, reduction of world trade, decrease in consumer spending, and many negative effects. Because of the importance…… [Read More]

References

Aguiar, M., Hurst, E. & Karabarbounis, L. (2013). Time Use during the Great Recession, American Economic Review, 103, 1664-96.

Aluko SA (2008). The Global Economic Crisis and the Nigeria Financial System: The way forward; A paper delivered at the 14th seminar for Finance Correspondents held at Benue hotel, Markurdi, July 16th.

Arestis, P., Charles, A. & Fontana, G. (2013). Financialization, the Great Recession, and the Stratification of the U.S. Labor Market, Feminist Economics, DOI:10.1080/13545701.2013.795654

Claessens, S. & Kose, M.A. (2013). Financial Crises: Explanations, Types, and Implications. IMF Working Paper
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Economic Crisis

Words: 2582 Length: 8 Pages Document Type: Essay Paper #: 52726174

Economic Crisis

The revelation of the financial crisis that unfolded in United States in 2008 is considered to be the worst economic crisis since the Great Depression, 1929. The distinctive causative factors that have contributed to the U.S. economic crisis 2008- 2009 are differentiated by aggravated financial control, higher risks in capital investment, the housing bubble phenomena in relation to the brisk credit expansion. The aggregation of these factors in the U.S. economy directed the economy towards the de- leverage and credit crunches as the bubble burst. The following paper shall be discussing about the degree of correlation between the tax implications policies with respect to the financial crisis in U.S.. The precise review of strong linkages between the taxation and economic crises is the explicit explanation of the crisis that shook America. The paper also highlights the key factors that demonstrated their abilities and rescued U.S. In the economic…… [Read More]

Reference

Carr, D.A. (2011). Responses to Local Fiscal Shocks: Path Dependency Effects of the Clean Air Act. Public Finance and Management, 11(2), 160+. Retrieved March 9, 2012, from Questia database: http://www.questia.com/PM.qst?a=o&d=5050180027

Hendrickson, J.M., & Nichols, M.W. (2010). Did Commercial Banks Close Branches in Low-income Neighborhoods in Response to the Cra? Implications for Understanding the 2007-2008 Financial Crisis. Journal of Legal, Ethical and Regulatory Issues, 13(1), 17+. Retrieved March 9, 2012, from Questia database: http://www.questia.com/PM.qst?a=o&d=5044499375

Johnson, E.M. (2010, April). Mr. Trust Buster. In These Times, 34, 7+. Retrieved March 9, 2012, from Questia database: http://www.questia.com/PM.qst?a=o&d=5041402599

Robinson, S.N., & Nantz, D.P. (2009). Lessons to Be Learned from the Financial Crisis. Journal of Private Enterprise, 25(1), 5+. Retrieved March 9, 2012, from Questia database: http://www.questia.com/PM.qst?a=o&d=5037768696
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Economic Crisis Policies US Current Economic Crisis

Words: 2366 Length: 8 Pages Document Type: Essay Paper #: 30617442

Economic Crisis Policies

US current economic crisis is considered to be started from real estate sector. The real sector started to decline in 2006 and it accelerated in 2007 and 2008. Housing prices have fallen from the peak from about 25% so far. The decline in prices left homeowners with no option and they were unable to refinance their mortgages and causes default of mortgages. This default of mortgages and loans swallowed the banks and financial markets such as falling of Lehman's brothers and other anks and blow to rest of economy happened as the whole economy was relying on banks and ultimately it slows down investment in the country and capital flows to other parts of the world like China and India. ank losses cause reduction of bank capital which in turn requires capital reduction thus saving bank from lending. It is estimated that every $100 loss and reduction…… [Read More]

Bibliography

ISR international socialist review. (2009, april). Retrieved from The U.S. economic crisis:causes and solutions: http://www.isreview.org/issues/64/feat-moseley.shtml

Journal of accountancy. (2009, october). Retrieved from The U.S. economic crisis: root causes and road to recovery: www.journalofaccountancy.com/Issues/2009/Oct/20091781

Eyes on wall street. (2011, april). Retrieved from Levin coburn investigates casues of financial crisis: http://www.eyesonwallstreet.com/2011/04/articles/financial-crisis/levincoburn-report-investigates-causes-of-the-financial-crisis/

Rude, C. (2009). World Economic Crisis and Fed Reserve Response to it. Studies in Political Economy.
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Economics Crisis as an Inevitable

Words: 4733 Length: 13 Pages Document Type: Essay Paper #: 43936576



The U.S. is a property owning civilization and a number of the people wanted land and housing. Americans however scarcely ever create savings. "The country itself lives on other countries' savings by issuing bonds to finance its excessive consumption. The current crisis began with cheap housing loans offered by banks. Banks provided loans but instead of holding the loan in their books, they packaged them into collateralized debt obligations (CDOs) and sold them to other agencies. These agencies passed them on to others and spread them globally as assets" (the Current Economic Crisis, its causes, its impact and possible alternatives, 2009).

Interest rates were lowered and housing loans went up with construction activities leading to land prices increasing. The real estate was booming, generating employment and incomes. But as the rate of interest on housing loans came down, banks started to compete to get more business. Because of low interest…… [Read More]

References

Avizius, R. 2009. Financial Crisis Big Picture: What has the Government Response Been? [ONLINE] Available at:  http://www.marketoracle.co.uk/Article9229.html . [Accessed 22 May 2012].

Centeno, M.A. & Cohen, J.N. 2012. The Arc of Neoliberalism. [ONLINE] Available at: http://www.yale.edu/macmillan/transitionstomodernity/papers/CentenoCohen.pdf. [Accessed 22 May 2012].

Crotty, J. 2009. Structural causes of the global financial crisis: a critical assessment of the 'new financial architecture' . [ONLINE] Available at:  http://cje.oxfordjournals.org/content/33/4/563.full . [Accessed 22 May 2012].

Esteva, G. (n.d.). The Meaning of the Global Crisis and "Recovery" for Study Abroad: What are we Preparing Students for? [ONLINE] Available at: http://digitalcollections.sit.edu/cgi/viewcontent.cgi?article=1110&context=faculty_symposium. [Accessed 22 May 2012].
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Economic Crisis Iceland 2008 Current

Words: 1162 Length: 4 Pages Document Type: Essay Paper #: 38859627

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).…… [Read More]

References:

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
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Economic Crisis and Capitalism

Words: 3179 Length: 10 Pages Document Type: Essay Paper #: 95991899

Economic Crisis

The recession of 2008-2009 and the subsequent government responses provides a good test for economic theories. There are no controlled experiments in economics, so we can only work with case studies in order to understand how economies work. A good starting point is to consider the issue through multiple different lenses, so that we can understand how the crisis occurred and what prescriptions might be best suited for response either to address the root problems or to engage in prevention. This paper will consider the works of Marx, Schumpeter and Keynes in analyzing the financial crisis. All three of these men would have been able to understand its causes, but likely would have taken very different approaches to solving the problem.

The second issue at hand is the question of the future of capitalism. We have a pretty good sense at this point of what the response of…… [Read More]

References

Cox, W. & Alm, R. (2013). Creative destruction. Library of Economics and Liberty. Retrieved December 7, 2013 from  http://www.econlib.org/library/Enc/CreativeDestruction.html 

Eichengreen, B. (2010). The crisis of financial innovation. University of California at Berkeley. Retrieved December 7, 2013 from http://emlab.berkeley.edu/~eichengr/crisis_finan_innov.pdf

Isfeld, G. (2012). Canada's banks shake off global sector crisis. Financial Post. Retrieved December 7, 2013 from http://business.financialpost.com/2012/10/10/canadas-banks-shake-off-global-sector-crisis/

Liu, H. (2008). Too big to fail moral hazard. Asia Times. Retrieved December 7, 2013 from  http://www.atimes.com/atimes/Global_Economy/JI23Dj12.html
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Influence of 2007 Economic Crisis on American Car Market

Words: 24230 Length: 88 Pages Document Type: Essay Paper #: 81822842

2007 Economic Crisis on American Car market

Effect of the 2008 global economic crisis on automotive industries

Crisis in the United States

Crisis in Canada

Crisis in ussia

Crisis in European markets

Crisis in Asian markets

Effects by other related crisis events

In this paper, we will review the effects of 2008 global automotive crisis. Our main focus will be on the American car manufacturers and the negative impact they suffered due to the crisis. We will also have a look at how this crisis had affected car manufacturers in other major markets around the world notably Europe, Canada and the prominent Asian markets such as China and India. Finally, we will look at some of the other factors which were important to this event namely the energy crisis since the cost of fuel is directly related to the car industry.

Introduction

The automobile industry is a very important part…… [Read More]

References

Lee, C. (2003). Financial Liberalization and Economic Crisis in Asia. New York: Routledge.

Pempel, T.J. (1999). The Politics of Asian Economic Crisis. New York: Cornell University Press.

Arestis, P. (2001). What Global Economic Crisis? New York: Palgrave.

Liou, K.T. (2002). Managing Economic Development in Asia. Westport, CT: Praeger.
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Global Credit Crisis on UK Northern Rock

Words: 2482 Length: 9 Pages Document Type: Essay Paper #: 44313415

Global Credit Crisis on UK Northern ock Bank

The lingering effects of the Great ecession of 2008 still remain, but most authorities appear to agree that the corner has been turned and global economic recovery is well underway. The cause of the Great ecession of '08 was primarily the sub-prime mortgage meltdown that occurred in the United States, and its effects were already being experienced as early as September 2007, when the United Kingdom experienced a mass market run on Northern ock Bank, the first in the nation's history. The global credit crisis that resulted from these events has been felt in differing degrees by the nations of the world, but few countries in the increasingly globalized international community have been entirely immune from its effects. To gain new insights into this fiasco, this paper provides a corporate profile for Northern ock Bank, followed by a review of the relevant…… [Read More]

References

'Corporate Profile.' (2011). Northern Rock Bank. [online] available: http://companyinfo.

northernrock.co.uk/investorRelations/corporateProfile/.

'Directors' report and financial statements for the period 3 July 2009 to 31 December 2009.'

(2010). Northern Rock Bank. [online] available: http://companyinfo.northernrock.co.uk / downloads/2009_NR_plc_Financial_Report_and_Accounts.pdf.
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Economic Crisis in the United

Words: 1041 Length: 3 Pages Document Type: Essay Paper #: 51519720

Thus if the taxation policy is shifted, it is possible to create a better situation. Taxes that are now current can be abolished if their contributions are minor. On the other hand taxes can be levied on things that are considered harmful like tobacco and drugs. This will be discussed when the remedies are sought to be established. (Edwards, 292)

"What should be done to resolve it most effectively?"

Tax cuts and abolishing some taxes can be effective with increased government spending. John Meynard Keynes advocated government spending as a method of getting over recession. Therefore a deep consideration of the federal government budget is in order. The budget uses the taxes, and spending by government to reach the desired equilibrium and thus the taxes, and spending are often beyond the general equilibrium and hence budgets are always unbalanced. To control inflation taxes are raised and spending reduced. Like wise…… [Read More]

References

Brue, E. Essentials Of Economics.

Tata McGraw-Hill, 2006.

Carbaugh, Robert J. Contemporary Economics: An Applications Approach.

M.E. Sharpe, 2010.
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Economic Crisis -- Bankers to

Words: 1166 Length: 4 Pages Document Type: Essay Paper #: 60577842

This mindset was made possible by their intensive investments in new technologies that made transactions inherently unauditable and untraceable by the Securities and Exchange Commission and other governance entities. Given the automation of these complex trading workflows and the inability of governance bodies to keep pace with technological advances, coupled with banker's unwillingness to assist governments in tracking increasingly intricate transactions, the bankers could literally make their own rules up as they went along. What has differentiated this global economic downturn from others is how pervasive this attitude has become of offloading risk by aggregating toxic and bad loans together, using technologies to increase speed of transactions while alleviating accountability (Corden, 2009).

An aversion to risk has been replaced by a consolidating, aggregating and re-selling of completely worthless and often called "toxic" loans, with accountability of the performance of investments left by the wayside. Bankers had the most to gain…… [Read More]

References

John C. Bogle. (2009, April 21). A Crisis of Ethic Proportions. Wall Street Journal (Eastern Edition), p. A.19.

Corden, W. (2009). The World Credit Crisis: Understanding It, and What to Do. The World Economy, 32(3), 385.

John Dobson. (2003). Why Ethics Codes Don't Work. Financial Analysts Journal, 59(6), 29-34.

Jeffrey C. Gerrish. (2002). Ten new commandments for corporate governance. American Bankers Association. ABA Banking Journal, 94(11), 16-20.
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Economics While the U S Is Only Showing

Words: 1874 Length: 5 Pages Document Type: Essay Paper #: 90964717

Economics

hile the U.S. is only showing the first signs of recovery from the global economic crisis, other nations such as Australia and China have recovered much more quickly. There are a number of factors that have contributed to the disparity in economic performance in the past three years in these different nations. In particular, three factors will be considered. The first is the situation in each country at the outset of the crisis. As the crisis was largely precipitated by a credit crunch, the differences between the structure and regulation of the banking sectors in each country will be given particular attention. The second factor will be the response on the part of each federal government to the crisis. The third factor will be the nature of the different economies -- the degree to which different structures have impacted the recovery process. Lastly, policy implications will be drawn for…… [Read More]

Works Cited:

BEA. (2011). National income and product accounts table. Bureau of Economic Analysis. Retrieved March 4, 2011 from http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=1&ViewSeries=NO&Java=no&Request3Place=N&3Place=N&FromView=YES&Freq=Year&FirstYear=2007&LastYear=2010&3Place=N&Update=Update&JavaBox=no#Mid

Chinability.com. (2010). GDP growth in China 1952-2009. Chinability.com. Retrieved March 4, 2011 from  http://www.chinability.com/GDP.htm 

Jones, F. (2011). Krugman: Stimulus didn't fail because it never happened. Moneynews.com. Retrieved March 4, 2011 from http://www.moneynews.com/StreetTalk/paul-Krugman-Stimulus-Didnt/2011/02/16/id/386333

Maiden, M. (2009). Australia's banking sector is as strong as a brick outhouse. The Age. Retrieved March 4, 2011 from  http://www.theage.com.au/business/australias-banking-sector-is-as-strong-as-a-brick-outhouse-20090506-avdj.html
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Economic Depression of Europe

Words: 2122 Length: 6 Pages Document Type: Essay Paper #: 43307480

Economic Depression of Europe

An economic depression is more severe than a recession due to the fact that a depression involves drastic decline in a national or international economy, characterized by decreasing business activity, falling prices, and high levels of unemployment.

There were economic depressions in Europe that were experienced before and after the 1870 but with a remarkable difference, being that those that were experienced before the 1870s were less costly in terms of life and resources and took relatively lesser period. Indeed it was a commonplace that every part of Europe experienced one sort of economic depression or the other.

One such economic situation before 1870 was the "little ice age" which began in the late 16th century till around 1950s as indicated by Big Site of History (2011). This was a time when a severe cold that could not be withstood by most crops set in most…… [Read More]

References

Big Site of History (2011). Social Trends in 17th Century Europe: The Problem of Divine-Right

Monarchy. Retrieved July 18, 2011 from http://bigsiteofhistory.com/social-trends-in-17th-century-europe-the-problem-of-divine-right-monarchy

Historic UK, (2011). The Great Plague 1665. Retrieved July 18, 2011 from http://www.historic-

uk.com/HistoryUK/England-History/GreatPlague.htm
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Economic Issues Regarding Greece and

Words: 928 Length: 3 Pages Document Type: Essay Paper #: 46109580

This will immediately decrease the funds of lending countries. And most importantly, this situation with the sovereign risk is not only characteristic to Greece, but to various other countries, including the United States. "More especially, the IMF is concerned that higher sovereign risk in countries like Greece can spill over to domestic banking systems and across borders, thereby triggering a second global economic crisis. It is also important to note that sovereign risk is not confined to Greece, but there are a number of other global more systemic important countries that fall into this category, including the world largest economy, the U.S.A." (All Africa, 2010).

In terms of the immediate impact, this would be most obvious within the neighboring Balkan countries. Greece is one of the largest investors in the Balkan region as well as one of the greatest donors. When its economic problems hit, the country's investments and donations…… [Read More]

References:

Fotiadis, a., 2010, Greek crisis impacts the Balkans, IPS, http://ipsnews.net/news.asp?idnews=50734 last accessed on June 22, 2010

2010, the World Factbook -- Greece, Central Intelligence Agency,  https://www.cia.gov/library/publications/the-world-factbook/geos/gr.html  last accessed on June 22, 2010

2010, Will the Greece economic crisis affect Namibia? All Africa, http://allafrica.com/stories/201005170465.html last accessed on June 22, 2010

2010, Why Greece's economy should matter to everyone, Boston, http://www.boston.com/business/articles/2010/05/07/why_greeces_economy_should_matter_to_everyone / last accessed on June 22, 2010
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Economics in Construction Industry Data

Words: 1716 Length: 6 Pages Document Type: Essay Paper #: 3139551

9%

6.2%

6.3%

6.4%

6.4%

6.4%

Source: Kelly, Herring (2012).

Fig 3: France Construction Growth ate (%)

Source: Kelly and Herring (2012)

Economic theory points out the factors leading to the decline in the construction output in France. Economic theory argues that the changes in demand for construction activities may be due to several economic factors such as changes in Gross National Product, and changes in interest rates. (Finkel, 1997). Akintola and Martin (1994) argue that the level of a national economy is a primary factor that could affect the construction demand in a given economy. Typically, "there is a relationship between construction demand and the growth in GNP, as a measure of the economic well being of a nation." (Akintola, and Martin 1994 P. 9). During the period of economic prosperity, there is a general increase in demand for consumer goods which triggers up the demand for construction activities.…… [Read More]

References

Akintola, A. And Martin, S.R. (1994). Models of UK private sector quarterly construction demand. Construction Management and Economics 12(1):3-13.

Department Business Innovative & Skills (2011). The UK Industry Performance Report with reference to the UK Construction Industry Key Performance Indicators.UK.

Finkel, G. (1997).The economics of the construction industry. Sharpe. UK.

Kelly, R. Herring, S. (2012). Opportunities and barriers to inbound construction. BDO.
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Economic Analysis on the Country

Words: 658 Length: 2 Pages Document Type: Essay Paper #: 29142491

When looking at the importance of trade and foreign direct investment in the economy, Canada's stated policy is to sustain open markets and grant foreign companies national treatment, while securing access to foreign markets for Canadian firms (Trade policy regime: framework and objectives, 2007).

Information that is available suggests that there are significant differences in trade and investment policies and practices between the federal and provincial governments, as well as across provinces. In order to mitigate the effect of these policy differences on internal trade, the Agreement on Internal Trade (AIT), which came into effect in 1995, was established in order to reduce and eliminate barriers to the free movement of persons, goods, services and investment within Canada, and to establish an open, efficient and stable domestic market. The authorities indicated that provincial and territorial governments have made substantial progress in key areas of procurement, investment incentives, labour mobility, consumer-related…… [Read More]

References

Highlights of Medium-term Policy Relevant Research: Update 2009. (2010). Retrieved May 12,

2010, from Bank of Canada Web site:

http://www.bankofcanada.ca/en/fellowship/highlights_res_09.html

Makarenko, Jay. (2007). The Canadian Dollar: Nature and Impacts of Canadian Exchange
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Economics Country Analysis

Words: 3685 Length: 10 Pages Document Type: Essay Paper #: 10554050

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…… [Read More]

Works Cited

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.
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Economic Crisis Was Born Ultimately

Words: 638 Length: 2 Pages Document Type: Essay Paper #: 19603660

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…… [Read More]

References:

Weisman, J. & Paletta, D. (2009). Summers says more regulators could join Fed to police risk. Wall Street Journal. Vol. 254, 62, A3.

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.
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Global Economic Giants Brazil Is

Words: 2400 Length: 8 Pages Document Type: Essay Paper #: 30978624

They feel they have survived and overcome harsh business environment and want to operate in risky markets like razil. Some of them benefited from privatization or part-privatization. The current government dislikes the notion of privatization, which tends to improve businesses. ut it likes national champions to succeed abroad. A government minister wrote the World Economic Forum in 1996 that it was not in the interest of the government for razilian companies to expand abroad. He said that capital was limited and they wanted to create local jobs. razil's laws also make the sending of profits from foreign subsidiaries back to razil impossible. They also refuse to recognize losses incurred abroad in company accounts. Some of the olivian assets of foreign investor Petrobras were nationalized by razil's president, Evo Morales. Multinationals are likely to encounter similar obstacles, but commodity producers, consumers or traders can be sure that their built-in comparative advantage…… [Read More]

BIBLIOGRAPHY

Ardichvili, a. et al. (2010). Ethical business practices in BRICs. Society for Business

Ethics: Center for Ethical Business Cultures. Retrieved on December 13, 2010 from http://www.cebglobal.org/uploadedfiles/Ethical_Business_Practices_in_BRICs.pdf

Banham, R. (2010). The party gets started in Brazil. Treasury & Risk: the Free Library.

Retrieved on December 13, 2010 from http://www.thefreelibrary.com/the+party+gets+started+in+Brazil%3A+multinational+corporations+are...-a02212023634
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Irrational Exuberance The Economic Crisis

Words: 2418 Length: 7 Pages Document Type: Essay Paper #: 3005431

As banks faltered and default rates rose, rates of consumption and demand plummeted. Unemployment began to increase, and in a predictable Keynesian fashion, as individuals grew more insecure about their job prospects they began to spend less money. The United States has a particularly consumer-driven economy -- Americans are known for having historically low rates of savings and to engage in high rates of spending -- so this was particularly disruptive to the usual rhythms of the economy.

Young people graduating from college suffered some of the worst effects of the recession. "Unemployment rates for individuals younger than 25 are currently 21% in the euro area and 19% in the U.S." (Branchflower 2010). They were competing with older, more experienced workers who had recently lost their jobs. The fear is that today's low starting salaries create a class of permanently low-earning graduates, many of whom have high levels of college…… [Read More]

Works Cited

Branchflower, David G. "Credit crisis creates Lost Generation." Bloomberg Business.

January 21, 2010. August 28, 2001.

http://www.bloomberg.com/news/2010-01-22/credit-crisis-creates-lost-generation-david-g-blanchflower.html

Ferguson, Niall. "Where did all the money go?" From the Great Hangover. Edited by Graydon
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Income Distribution Gap the Global Fiscal Crisis

Words: 2771 Length: 9 Pages Document Type: Essay Paper #: 70168155

Income Distribution Gap

The global fiscal crisis will be borne by the millions of people who do not have a share in the benefits that were derived from the global economic expansions that occurred previously. Not only has the gap widened between low wage earners and high wage earners in nations across the globe, the world's income gap distribution has widened. Economists have long concluded that a limited degree of income inequality contributes to worker motivation, promotes innovation, and rewards talent and effort. Nevertheless, when income differences become too great, the dynamics become counter-productive. unaway income inequality is considered to be a destructive force, such that "rising income inequality represents a danger to the social fabric" ("Board of Canada," 2012). The repercussions from excessive income inequalities include children not attending school so they can contribute to household earnings by going to work, increased crime rates, lower life-expectancies, and malnutrition.

In…… [Read More]

References

Acemoglu D (2009) Introduction to modern economic growth. Princeton, NJ: Princeton University Press.

Card D. And DiNardo JE (2002). Skill biased technological change and rising wage inequality: Some problems and puzzles. Journal of Labor Economics, 20(4), 735.

Jones CI (2002) Introduction to economic growth (2nd ed.). New York, NY W.W. Norton.

Milanovic, B (2005) Worlds apart: Measuring international and global inequality, 180 -- 81. Princeton, NJ: Princeton University Press.
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WTO as the Worldwide Economic Crisis of

Words: 3752 Length: 11 Pages Document Type: Essay Paper #: 42783003

WTO

As the worldwide economic crisis of 2008 demonstrated, the economies of governments the world over are highly interdependent. Within this context, the World Trade Organization is coming under closer scrutiny. Negotiations are repeatedly failing and governments continue to violate commitments under WTO agreements with a dispute resolution process many countries find unsatisfactory. This paper reviews both the theoretical and practical economic and political implications of the faltering -yet ongoing -DOHA Round trade liberalization negotiations.

Recent WTO Negotiations: Seattle, Cancun, and Doha

Difficulties during WTO negotiations over the last decade can be attributed to three primary factors: the sheer numbers of member countries who all want to actively participate, the divergent interests between developed and developing nations, and finally the bureaucratic and management complications which arise from the increasing scope of WTO regulations. The most recent round of trade negotiations in the WTO began in the winter of 2001 in…… [Read More]

Bibliography

Clapp, J., 2006. WTO Agriculture Negotiations: Implications for the Global South. Third World Quarterly, 27(4), pp. 563-577.

Couglin, C.C., 2010. Measuring international trade policy: A primer on trade restrictiveness indices. Review, 92(5), pp. 381-394.

Cuyvers, L., Dumont, M., Rayp, G., and Stevens, Katrien, 2003. Wage and Employment Effects in the EU of International Trade with the emerging economies. Review of World Economics, 139(2), pp. 248-275.

Devadoss, S., Sridharan, P., aAnd Wahl, T., 2009. Effects of trade barriers on U.S. And would apple markets. Canadian Journal of Agricultural Economics. 57(1), pp. 55-73.
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Globalization the Current Economic Crisis

Words: 913 Length: 3 Pages Document Type: Essay Paper #: 59791426

The meeting of the Group of 20 also decided to tighten these regulations and tax havens, recognizing that businesses must accept their share of the responsibility for the current crisis not just with lip service but also with the money they've earned from the system the way it used to work (Fidler et al., 2009). This has also affected international investment in large publicly held companies, and some of the regulations discussed in last week's meetings include the use of an international currency and international investment regulations, including the way taxes are charged and allocated (Fidler et al., 2009).

In the past, the construction of global economic regulations and tax laws -- or the lack thereof, in many cases -- was a major part of many international businesses' plans -- it had to be, to ensure maximum growth and success. The changes that the Group of 20 are proposing and…… [Read More]

References

Fidler, S., Davis, B. And Mollenkamp, C. "World leaders agree on global response." The wall street journal, 3 April, 2009.
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Effects of Crisis on Developing Countries

Words: 1356 Length: 4 Pages Document Type: Essay Paper #: 75659333

Global Financial Crisis and the Challenges for Developing Countries

The Challenges

Global financial crisis is known to generally hit the developed economies and cause a slowdown in the economy and even negative growth. This is primarily due to the slack demand in the local market and he surrounding markets. For the developing countries the impact of a global financial meltdown is directly related to the importance of exports and the dependence on capital inflow of foreign funds for local industries and to the economy.

The Challenges

For example in the countries of South Asian countries, for example more than 22% of the Gross Domestic Products is formed by exports of goods and services. The percentages of such exports of the GDP is 26% in the Latin America and the Caribbean countries, 35% in sub-Saharan Africa, 40% in central Asia while it is nearly half of the GDP in countries of…… [Read More]

References

de Paiva Abreu, M., Agarwal, M., Kadochnikov, S., Mikic, M., Whalley, J., & Yongding, Y. The Effect of the World Financial Crisis on Developing Countries: An Initial Assessment. Centre for International Governance Innovation. Retrieved from  https://www.cigionline.org/sites/default/files/task_force_1.pdf 

Kaeksal, B., & Orhan, M. Market Risk of Developed and Developing Countries During the Global Financial Crisis. SSRN Journal. doi:10.2139/ssrn.2026781

Kaeksal, B., & Orhan, M. Market Risk of Developed and Developing Countries During the Global Financial Crisis. SSRN Journal. doi:10.2139/ssrn.2026781

McCulloch, N., & Sumner, A. (2009). Introduction: The Global Financial Crisis, Developing Countries and Policy Responses. IDS Bulletin, 40(5), 1-13. doi:10.1111/j.1759-5436.2009.00069.x
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Marketing Budget During Economic Crisis

Words: 2108 Length: 7 Pages Document Type: Essay Paper #: 38850623

All these were achieved with immense marketing budgets.

In the current situation when the United States and the world are threatened by an economic crisis, the giant shoemaker continues to sustain an increased marketing budget. A specification that must be made however is that changes in the structure of the budget have occurred. In this order of ideas, the marketing specialists at Nike are more centred on interactive and innovative marketing, rather than traditional marketing operations. In a time of financial difficulties then, the number one shoemaker of the globe is trying to approach the audience using less conventional means. Nike officials argued that they were not in the business of keeping the media companies alive, but that their primary interest was that of best communicating with the audience. In this order of ideas then, the multinational organization drastically reduced marketing budgets for television advertisements and other traditional means and…… [Read More]

Works Cited

Chandler, T., Nike Gets Engaged, Shrinks Traditional Ad Spending. Here's How Copywriters Can Benefit, the Copywriter Underground, 2007, http://copywriterunderground.com/2007/10/22/nike-gets-engaged-shrinks-traditional-ad-spending-heres-how-copywriters-can-benefit/last accessed on October 16, 2008

Lovell, C., Marketing Budgets Cut at Record Rate as Economic Crisis Deepends, Brand Republic, 2008, http://www.brandrepublic.com/Campaign/News/852748/Marketing-budgets-cut-record-rate-economic-crisis-deepens/last accessed on October 16, 2008

McNamara, C., All About Marketing, Free Management Library, 2008, http://www.managementhelp.org/mrktng/mrktng.html. Ast accessed on October 16, 2008

Ford's Product Facing a Deepening Financial Crisis, Daily Times, 2006, http://www.dailytimes.com.pk/default.asp?page=200657story_7-5-2006_pg5_30last accessed on October 16, 2008
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Bankrupt Bonus the Economic Crisis

Words: 920 Length: 3 Pages Document Type: Essay Paper #: 59404132

Though the director claimed to have no knowledge of the accounting fraud, analysts wonder what other than his silence could possibly warrant such a high compensation package (English 2002). This is yet another company where slews of jobs were lost, pensions and benefits disappeared, and yet many top executives received lucrative compensation and severance packages, five years before any TAP funds were available to provide them.

There is some hope that the situation might change, however. In the wake of the financial scandal, and even in the years leading up to it, many CEOs signed deals agreeing to limit their own pay should their companies hit troubled waters (Penttila 2009). Congress has also been considering legislation that would either directly limit executive compensation in public companies, or allow for direct shareholder say in the compensation of company officers, but often this type of "consideration" is really political double-speak for seeming…… [Read More]

References

English, Simon. "WorldCom Chief was Aware of Fraud." The Telegraph. Feb 27, 2009

Kopecki, Dawn & Goldman, Julianna. "Obama Calls Bonuses Shameful and as Dodd Vows to Reclaim Money." Bloomberg. Feb 27, 2009 .

Oliphant, James. "Stimulus' Cap on Executive Bonuses is Too Sweeping, Experts Warn." Los Angeles Times. Feb 27, 2009

Pentilla, Chris. "Rethinking CEO Salaries." Entrepreneur Magazine. Feb 27,2009
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L'oreal's Strategic Direction Amidst the Global Economic

Words: 2929 Length: 9 Pages Document Type: Essay Paper #: 14758779

L'Oreal's Strategic Direction

Amidst the global economic downturn, France's cosmetics giant L'Oreal corporation outperformed projections in the first ten months of 2010. ith the first three quarters earnings exceeding +11% in sales revenues, the L'Oreal Group continued a strong trend following € 17.5 billion consolidated sales in 2009, with 23 global brands in 130 countries, and 674 new patents. Innovation has kept L'Oreal's market position in front of its competitors, and the company has upheld its promise to stakeholders and its 64, 600 employees alike to continue as the world leader in cosmetic products. Insight into L'Oreal's rare success in a moment in crisis is revealed in the Company Mission Statement,

"At L'OREAL, we believe that everyone aspires to beauty. Our mission is to help men and women around the world realise that aspiration, and express their individual personalities to the full. This is what gives meaning and value to…… [Read More]

Works Cited

Conjoint Analysis Model Demonstration, Dobney.com, 2010. Web.

Edgeman, R. et al. Six Sigma for Government IT: Strategy & Tactics for Washington, D.C. Boise: University of Idaho, nd. Web.

Baker, S. New Consumer Marketing: Managing a Living Demand System. Hoboken, NJ: Wiley, 2003. Print.

Blattberg, R.C. And Thomas, J.C. Valuing, Analyzing and Managing the Marketing Function using Customer Equity Principles. In Iacobucci, D. Kellogg on Marketing. New York, NY: John Wiley & Sons, 2001.
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Economic Globalization Has the 2008 Financial Meltdown

Words: 2832 Length: 11 Pages Document Type: Essay Paper #: 9572312

Economic Globalization

Has the 2008 financial meltdown in the U.S. And the ongoing economic crisis in Europe have practically ended the era of economic globalization?

Following the financial crisis that marred the U.S. economy along with other global economies as well as the ongoing Eurozone debt crisis, there have been projected concerns that this predicament would end economic globalization. The purpose of this paper is to assess this claim. Going by Immanuel Wallenstein's World Systems Theory, the political economy of Third World economies and developed economies of the West are mutually dependent. Wallenstein's conjecture is that the growth and expansion of Third World economies relies on constant interaction with Western developed economies seeing as the world is characterized by a structural division of labor where the developing nations of the Third World provide cheap labor and raw materials while the developed economies are the holders of capital and controllers of…… [Read More]

References

Ebrahimi, H, 2012, "John Lewis warns Amazon's tax avoidance 'will drive UK companies out of business" The Telegraph

Held, David; The Open University, eds. (2004). A Globalizing World?: Culture, Economics, Politics (2nd ed.). London; New York: Routledge, in association with the Open University. p. 84.

Katz, I & Christie, R (2011) "Geithner Called Housing Giants Biggest 'Moral Hazard'" Bloomberg

Lynch, Katherine (2003). The Forces of Economic Globalization. Kluwer Law International
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Global Organizations -- IMF at the Bretton

Words: 2584 Length: 6 Pages Document Type: Essay Paper #: 64134719

Global Organizations -- IMF

At the Bretton Woods Conference in 1944, that created the World Bank and International Monetary Fund, the Western capitalist nations sought to avoid a repetition of the events that led to the Great Depression and Second World War by establishing a stable international economic order that was not bound by the rigidity of the pre-1914 gold standard system. The interwar period of 1919-39 was one of economic and politic chaos, featuring deflationary devaluations, closed trading blocs, massive unemployment and the failure of the revived gold standard in 1925-31, which were key factors in the rise of the Nazi regime in Germany in 1933 and the fascist takeover of Japan that began in 1931. President Woodrow Wilson had been an early advocate of free trade and had warned against the nationalism and autarky in economic policies that became the norm in the 1920s and 1930s. Secretary of…… [Read More]

REFERENCES

Bordo, M.D. "The Bretton Woods International Monetary System: A Historical Overview." pp. 3-108.

Boughton, J.M. 2001. Silent Revolution: The International Monetary Fund, 1979-1989. Washington, DC: International Monetary Fund.

Boughton, J.M. (2004). The IMF and the Force of History: Ten Events and Ten Ideas that Have Shaped the Institution. IMF Working Paper No. 04/75.

Kahler, M. (1990). The United States and the International Monetary Fund: Declining Influence or Declining Interest? Eds. Karns, M.P. And K.A. Mingst. The United States and Multilateral Institutions. Routledge, pp. 91-115.
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Economics in the Real World

Words: 1077 Length: 4 Pages Document Type: Essay Paper #: 51454079

Two alternative solutions are available. The first sees that the U.S. federal authority uses the budget allocated to support the development of the national industries, without raising barriers to imports. The second possible solution is for the United States to strive to increase its exports by focusing more on international operations.

Criteria / goals

The evaluation criteria for the proposed solutions revolve around the benefits they generate, as well as the costs they imply. Otherwise put, the decision will be made in accordance with the arguments in favour and against each of the two alternatives, and by the solution's ability to meet the established goals. These goals include the insurance of economic stability within the United States (for all population, corporations and the entire system), the maintenance or even development of international relations, as well as the sustained development of the domestic industries.

Evaluation of alternatives

Alternative 1:

Pro: does…… [Read More]

References

January 29, 2009, Buying American, the Economist, last accessed on February 5, 2009

Steps in the P.A.C.E.D. Model, the Gus a. Stavros Center for Free Enterprise and Economic Education

http://stavros.coedu.usf.edu/EconomicLiteracy/sld019.html. Ast accessed on February 5, 2009
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Global Employment Trends There Are

Words: 547 Length: 2 Pages Document Type: Essay Paper #: 95402403

In both cases, either businesses or individuals relocate on other markets that may appear to provide more economic opportunities.

Another trend that is noticeable at an international level and that the article emphasizes is the sectoral change during economic crisis and as a consequence of increasing unemployment rates. The reason for this is that some of the economic sectors are more affected by the economic downturn than others and, as a result, workforce tends to migrate towards those economic sectors that are still operational and profitable, while the sectors most affected suffer from a decreasing employment.

Local areas can improve the business environment in which local businesses operate so as to increase local economics. Improving the business environment can include local marketing campaigns promoting particular services that the local areas specialize in, providing local credit lines for small and medium businesses, as the most important engine of growth, and addressing…… [Read More]

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Economic Environment Analysis for a

Words: 1206 Length: 3 Pages Document Type: Essay Paper #: 81055331

00). This is below the EU, where they have a rating of 42 or a PPP of $32,500.00. (Czech epublic 2010) 1 When you compare the two numbers, the purchasing power is lower in the Czech epublic in comparison with the EU. This means, that labor costs are much lower in relation to the rest of Europe. When you put this together with the increases in the GDP over the last two quarters and the fact that the banking sector, was undamaged from the financial crisis; means the Czech epublic has outstanding opportunities for addressing the needs of the company. As the country's costs, the business friendly atmosphere and prudent practices of government policies are creating the ideal environment for a European call center to flourish.

isks

Despite the obvious advantages, there are risks of relocating to the Czech epublic the most notable would include: the underlying cost structure. While…… [Read More]

Reference List

1. Czech Republic, 2010, CIA World Factbooks. Available from
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Global Business Planning for Spain

Words: 3203 Length: 10 Pages Document Type: Essay Paper #: 91361095

People and services are not easily moved among the various countries. Although securing work and permits in the United States for Mexican and Canadian immigrants, NAFTA has also caused considerable concern in terms of legislation.

This is particularly the case in Canadian lawmaking. Several disputes resulted from NAFTA trading activities in the country. Such disputes for example include gasoline additives and possible related health concerns and nerve damage (Weintraub, 2004). Canada was also engaged in a long dispute regarding a 27% duty on softwood imports to Canada. This lasted for years before it was finally resolved in 2006. Significantly however, the decision was not ratified by either Canada or the United States (Weintraub, 2004). According to the U.S. Court of International Trade, imposing the duty was contrary to the United States law.

Other problems include the fact that Canada has lost more than 10,000 companies to foreign takeovers since NAFTA…… [Read More]

References

CIA. (2010). CIA -- the World Factbook -- France. Retrieved February 16, 2010 from  https://www.cia.gov/library/publications/the-world-factbook/geos/fr.html 

Dow Jones Sustainability Index. (n.d.). Retrieved January 10,2010 from http://www.sustainability-index.com/

Glass, a. (n.d.) World Economy Vertical vs. Horizontal FDI. Department of Economics,

Texas a&M University. Retrieved February, 22, 2010, from  http://econweb.tamu.edu/aglass/VerticalVsHorizontalFDI.pdf
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Economic Challenges Canada Faces in Recent Years

Words: 2957 Length: 10 Pages Document Type: Essay Paper #: 67866735

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…… [Read More]

Bibliography

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.
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Economics Developing World

Words: 1285 Length: 4 Pages Document Type: Essay Paper #: 97220565

Economics

The condition of global financial stability implies that the world's financial institutions are healthy, that macroeconomic risks are within normal bounds and that the risk environment including appetite for risk is at normal levels (IMF, 2014). There are differences between the ways that the macroeconomic environment affects the developed and developing worlds, and this paper is going to focus on the latter. The economic structure and vulnerability levels of the developing world, as well as their often-reduced participation in the global economic system create different reactions to the condition of global financial stability.

Global financial stability as a condition is fostered by the economic health and stability of the world's largest and most interconnected economies. The European Union, United States, Japan and other modern nations contribute to the prevailing conditions in the global macroeconomic environment. These economies tend to be highly interconnected. For example, when issues emerged in U.S.…… [Read More]

References

Els, F. (2014). Mongolia foreign investment craters 70%. Mining.com. Retrieved November 15, 2014 from http://www.mining.com/mongolia-foreign-investment-craters-70-79577/

IMF. (2014). October 2014 Global Financial Stability Report. International Monetary Fund. Retrieved November 15, 2014 from https://www.imf.org/external/pubs/ft/gfsr/2014/02/index.htm

Lange, J. (2010). Mexico sees 2010 FDI bouncing back. Reuters. Retrieved November 15, 2014 from http://www.reuters.com/article/2010/05/04/us-latam-summit-mexico-investment-idUSTRE64351D20100504

Reuters. (2014). Mexico saw record $35 billion in foreign direct investment in 2013. Reuters. Retrieved November 15, 2014 from http://www.reuters.com/article/2014/02/23/mexico-fdi-idUSL1N0LS0A220140223
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Global Trade There Are a

Words: 2015 Length: 6 Pages Document Type: Essay Paper #: 90662850

The majoity of tade baies have been developed ove yeas, and ae theefoe deeply ingained in the business wold of the counties concened. This is anothe facto in the collapse of the Wold Tade negotiations.

An encouaging sign is that measues ae aleady in place to accommodate developing counties in the Wold Tade Oganization system. One of these measues is Special and Diffeential Teatment. This means that developing counties ae teated diffeently fom developed counties in ode to help them with compliance and othe issues. One of the most impotant examples is that developing counties ae povided with pefeential maket access though schemes such as the Genealized System of Pefeences. Futhemoe, developing counties eceive time concessions and technical aid in implementing WTO Ageements.

Accoding to the above, the main poblem in the lack of focus seen in the Wold Tade negotiations is a basic lack of mutual undestanding of the…… [Read More]

references. Furthermore, developing countries receive time concessions and technical aid in implementing WTO Agreements.

According to the above, the main problem in the lack of focus seen in the World Trade negotiations is a basic lack of mutual understanding of the need to focus on the most important purpose of World Trade and globalization. Indeed, globalization can mean the upliftment of millions of poor in the world. Developed countries however need to understand the need for new paradigms in business. In conducting WTO conferences then, it is perhaps best that the focus should be cultivating this new awareness rather than focusing on the issues directly. The negotiations failed because there is a lack of mutual understanding between developed and developing countries. One could see this as a mental barrier to an understanding of the need for change. Developed countries are aware of the need for more ecologically sound practices in business. They are also aware of the need for poverty reduction. In World Trade negotiations, this awareness can be used as a platform for cultivating an awareness of the need for change in trade barriers and subsidy policies. The root of the problem is therefore not the issues themselves, but the understanding of the importance that these issues hold for all concerned. Developed countries should also understand that new policies will be to the advantage not only of developing countries, but also to the developed world and on a wider scale to future generations.

For the sake of the world's future, it is vital to find ways in which to reconcile the need to create more wealth for the wealthy and to create means of living for the poor. If delegates from the developed world can remove their mental barriers, they can perhaps also remove the trade and subsidy barriers that are currently keeping poor countries from alleviating their economic crises on a permanent, long-term scale.

Sources

Department for Business Enterprise and Regulatory Reform. Developing Countries and the WTO. 2007. http://www.dti.gov.uk/europeandtrade/developing-countries/index.html
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Economics of International Trade China Exploring the

Words: 1318 Length: 4 Pages Document Type: Essay Paper #: 34964020

Economics of International Trade China

Exploring the Economics of International Trade: China

"Chinese international trade has experienced rapid expansion together with its dramatic economic growth which has made the country to target the world as its market," and its expansion has only continued to show powerful growth within the international economic marketplace (Sun & Heshmati, 2010, p 1). After China was reopened to trading with the West in 1978, the country has really took off in becoming one of the world's biggest producers and exporters of a plethora of different goods. China has grown tremendously as nations like the United States have become their biggest trading partners. In response, China has helped refuel this growth with the manipulation of their currency and their heavy investment in the U.S. dollar, which ensures them a more competitive position for their exports.

For generations, China had closed itself off to trading and interacting…… [Read More]

References

American Manufacturing. (2012). China and currency manipulation. Issues. Web. Retrieved September 4, 2012 from http://americanmanufacturing.org/category/issues/china/china-and-currency-manipulation

Barboza, David. (2012). Business and economy in China. New York Times. Web. Retrieved September 4, 2012 from http://topics.nytimes.com/topics/news/international/countriesandterritories/china/business_and_economy/index.html

Congress Quarterly. (1999). The consumer culture. CQ Researcher, 9(44), 1001-1016.

Manzay, Terrance. (2010). China export industry dominates worldwide. Article Snatch. Web. Reprieved September 4, 2012 from http://www.articlesnatch.com/Article/China-Export-Industry-Dominates-Worldwide/3853472#.UEZqYKNIuHY
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Crises the Costs of Financial

Words: 3178 Length: 10 Pages Document Type: Essay Paper #: 53321289



If asset bubbles can be leading indicators of recession, that begs the question what assets are the most important? Several studies have shown that housing prices are critical. They were important in Japan and in 2008 in the United States. Babecky (2012) showed that housing prices consistently predict asset bubbles, minus the occasional false positive. Intuitively this makes sense since any sort of bubble will result in more investment in real estate.

There is a further question that is raised in light of the contagion of the 2008-2009 crisis. Prior to that, as Evanoff (2013) notes, several asset bubbles were effectively contained by monetary policy and did little damage. Most bubbles that cause damage do so in the developing world -- Southeast Asia and Russia in the late 1990s for example -- but in the developed world the damage is usually contained. Frankel and Saravelos (2011) examined the indicators that…… [Read More]

Works Cited:

Babecky, J., Havranek, T., Mateju, J., Rusnak, M.,Smidkova, K. & Vasicek, B. (2012). Leading indicators of crisis incidence. European Central Bank Working Papers Series No. 1486.

Chinn, M. & Kucko, K. (2010). The predictive power of the yield curve across time. NBER Working Paper, No. 16398.

Evanoff, D., Kaufman, G. & Malliaris, a. (2013). Asset price bubbles: Lessons from the recent financial crisis. World Financial Review. Retrieved May 1, 2013 from http://www.worldfinancialreview.com/?p=2200

Frankel, J., Saravelos, G. (2011). Can leading indicators assess country vulnerability? NBER Working Paper No. 16047.
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Crisis Theory According to Marx

Words: 650 Length: 2 Pages Document Type: Essay Paper #: 39263591

There is no distinction between products that are exchanged to fill actual needs and those created to fulfill desires. This disregard for the true dynamic of capitalism creates the false perception that no crises can result. Marx however holds that the apologetics are vocal only in times of prosperity, while they are conspicuously silent during times when crises do ensue.

The most prominent related debate around globalization today revolves around the benefits (or lack thereof) of free market principles. Many hold that the free market system is beneficial for all participants, while others believe that the system perpetuates the poverty of third-world countries attempting to participate in the world market. At the same time, the richest countries become ever richer as a result.

The type of denial of the possibility of increasing poverty is reminiscent of the apologetic denial of crisis. Poverty is increased in poor countries by denying them…… [Read More]

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Global Business

Words: 3054 Length: 10 Pages Document Type: Essay Paper #: 64425726

Global Business

When businesses go international, they have to operate in a more competitive, uncertain, and risky business environment. The forces present in the Global environment bring a number of challenges for the businesses; making it more difficult for them to maintain their market share, enhance profitability, and keep the customers satisfied (Cherunilam, 2007). To compete successfully and ensure a sustainable future in the international markets, business organizations have to analyze these forces carefully and strategize accordingly. Globalization has also impacted the way countries use to recognize themselves as internationally competitive and advanced than other countries (Tellis, Stremersch, & Yin, 2003).

This paper presents a comprehensive discussion on the positive and negative impacts of Globalization and the efforts which nations and business organizations make in order to become internationally competitive and keep up pace with the Globalization. The paper starts with a brief description of different environmental forces that are…… [Read More]

References

Benetton, (2012). The Group. Retrieved on May 3rd, 2012, from

CIA, (2012). Italy: Economy Overview. Retrieved on May 3rd, 2012, from

Cherunilam, F. (2007). International business: text and cases. India: PHI Learning Pvt. Ltd.

Dconti, (2012). Effects of Globalization on Italy. Retrieved on May 3rd, 2012, from
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Global Financial Strategy

Words: 3324 Length: 10 Pages Document Type: Essay Paper #: 83072330

Global Financial Strategy

Critical assessment of the proposal to raise capital locally rather than in the UK

In the analysis of the proposal of raising capital locally rather than in the UK, it is essential to consider four critical aspects: costs, risks, benefits/advantages, and limitations/disadvantages. In the presentation of this critical assessment, the focus will be on the four factors or aspect in order to offer reliable analysis of the situation.

Costs

In the process of raising capital locally rather than in the UK, the organization must incur several costs. One of the essential costs is the professional cost. This refers to the amount of money or financial resources paid to the legal advisors, auditors, and reporting accountants in order to execute the process of raising the capital effectively and appropriately. Another important aspect of cost is the trading cost. These are direct costs including the brokerage commissions and financial…… [Read More]

References

Burnham, P 2010, 'Class, Capital and Crisis: A Return to Fundamentals', Political Studies Review, 8, 1, pp. 27-39,

Carvalhal, A, & Camara Leal, R 2013, 'The World Financial Crisis and the International Financing of Brazilian Companies', Brazilian Administration Review (BAR), 10, 1, pp. 18-39,

'Chad' 2013, Columbia Electronic Encyclopedia, 6Th Edition, pp. 1-3,

Chana Kok, T, & Yap Voon, C 2011, 'Risk Factors of Commercial Banks in Malaysia', Journal Of Modern Accounting & Auditing, 7, 6, pp. 578-587,
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Economic Class and Morality Economics

Words: 3362 Length: 10 Pages Document Type: Essay Paper #: 56578291

Ultimately, these issues results in hunger and famine, where these inhabitants become deprived of the basic facilities that they are entitled to, as being a citizen of the country (World Hunger Education Service, 2012).

3. Impacts of Hunger and Famine in U.S.

The standard of living means to have a healthy, vigorous and active life. Keeping in mind, the standard of living, the hunger crisis in the U.S. is calculated and determined when its residents are not able to meet the nutritional needs to live a dynamic life. This indicates the fact that the people have lack of access to the nutritious, healthy and safe food. As a consequence, the inhabitants (especially of the low-income groups) tend to opt for foods that are less expensive with usually low nutrients, so that they can meet up to the financial components. Moreover, it has also been observed that meals are also dropped…… [Read More]

Bibliography

Anonymous. "Hunger in the U.S. -- Families in Crisis." The Hunger Site, 2012. Web. 29 Dec 2012

This website has discussed how hunger has become one of the harsh realities of the United States, even though it is a land of abundant resources. The impact of hunger upon the individuals, society and eventually on the nation has been argued by the author. Solving the hunger problem has also been articulated in the study. I have used this website with the prime motive to surface the impact of this enormity upon various bodies.

Austin, Michael. Reading the World Ideas That Matter. 2nd Edition. New York, USA: W.W. Norton & Company, 2012. Print.

This book is about the contemporary readings and classic texts that are particularly based on the diversity of views on ideas. This diversity helps an individual in exploring the development of ideas in different cultures and at various occasions.
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Economic Impact of Wine Industry

Words: 3730 Length: 12 Pages Document Type: Essay Paper #: 5930515

Economic Impact of the Malbec & Tannat ines in Argentina

ine Industry of Argentina

Role in exports

Improvement in labor market

Attraction of Foreign and local investors

Tourism development

URUGUAY

ine Industry of Uruguay

Economic role of wine industry

Tourism industry and role of wineries

Exports of wine

Improvement of economy through wine industry

Argentine

Uruguay

ine industry has played major role in the economic sustainability of both Argentina and Uruguay. hereas Uruguay has much smaller economy as compared to Argentina, the wine industry in Uruguay is developed and provides much of the economic support for the militarized country. In Argentina, the bulk and retail buyers flock the famous wine market called Mendoza and San Juan in the southeast region of Argentina. During the past two decades, Argentina's wine producing firms have significantly promoted their "malbec-based red wines in the world market. Huge networks of farms growing grapes have been…… [Read More]

Works Cited

Balbi, Maria Julia. Argentina Wine Annual. Global Agriculture International Netwrok: USDA Foreign Agriculture Service. (2012), 1-9. Web [ http://gain.fas.usda.gov/Recent%20GAIN%20Publications/Wine%20Annual_Buenos%20Aires_Argentina_3-2-2012.pdf ]

Castaldi, Richard, Susan Cholette, and Mahmood Hussain. A country-level analysis of competitive advantage in the wine industry. No. 6002. Alma Mater Studiorum University of Bologna, Department of Agricultural Economics and Engineering, (2006), 1-13.

Council of Foreign Relations.Mercosur: South America's Fractious Trade Bloc. Council of Foreign Relations, (2013). Web [http://www.cfr.org/trade/mercosur-south-americas-fractious-trade-bloc/p12762]

GTSA. Argentine's Wine Industry has Worldwide Acclaim. Gateway South-America, (2013). Web [http://www.gatewaytosouthamerica-newsblog.com/argentina-farms/argentinas-wine-industry-has-worldwide-acclaim/]
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Economics - Book Summary Book

Words: 1183 Length: 4 Pages Document Type: Essay Paper #: 39410608

Toward the end of the decade, Wall Street investment firms began hiring PhDs in mathematics and physics to create incredibly complex algorithms capable of modeling elements of the stock and futures markets. In most cases, the creators of these algorithms knew next to nothing about the financial industry, and the executives who employed them knew (literally) nothing about the mechanisms their firms had begun to rely on for their trading strategy. Destabilization of the Home Mortgage Industry:

In the early 1970s, stock analysts at Salomon Brothers, another Wall Street investment firm, developed a new kind of security based on home mortgages, called mortgage-backed securities. In principle, this allowed the conversion of illiquid (i.e. non- tradable) assets like the debt represented by home mortgages to be converted into a tradable commodity for profit. This new form of commercial transaction evolved into incredible levels of complexity after the widespread incorporation of mathematical…… [Read More]

References

Phillips, Kevin. "Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism" New York: Viking (2008).
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Global Refugee Regime Seems to Be Veering

Words: 10399 Length: 40 Pages Document Type: Essay Paper #: 23350149

Global Refugee Regime eems to Be Veering Away From Traditional Rules

As the threat of war looms large, the situation of those displaced because of violence and fights is becoming the focal point of talks amidst humanitarian groups. Many wrote about the situation in Afghanistan. The last many years have brought about quite a lot of enormous "refugee movements and humanitarian emergencies." More than 50 million people have been displaced by conflicts, war and other disasters and things may get worse.

The many organizations that offer aid to those who are forced to flee from their native lands are trying their level best to reach out and help each one of them. But nations all over seem to be hesitant to take in refugees who do not have any place else to go. What is the solution? How can humanitarian agencies cope with the increasing number of refugees? A book…… [Read More]

Sources

Agamben, Giorgio (1995). We refugees.(Section 2: Issuing Identity) Symposium v49, n2 (Summer):114

Appling, Cathy (1995). United Nations Involvement in Haiti from a Humanitarian Perspective. Current World Leaders 38, 4, Aug, 83-98.

Copeland, Emily (1992). Global refugee policy: an agenda for the 1990s. (Conference Reports) International Migration Review v26, n3 (Fall):992

Deng, Francis M. (1995). Dealing with the Displaced: A Challenge to the International Community. Global Governance 1, 1, winter, 45-57.
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Economics Politics Trade Geopolitical Base

Words: 7721 Length: 22 Pages Document Type: Essay Paper #: 22923523

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…… [Read More]

Bibliography

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"

Retrieved at http://www.oecd.org/document/17/0,2340,en_2649_201185_33633425_1_1_1_1,00.html. Accessed on 24 November, 2004

Economy of Germany" Wikipedia, the free encyclopedia. Retrieved at http://en.wikipedia.org/wiki/Economy_of_GermanyAccessed on 25 November, 2004
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Global Immigration Russia This Is

Words: 1812 Length: 5 Pages Document Type: Essay Paper #: 92371635

Euromonitor.com. 17 May 2009 .

Chekalin, Alexander. "Press Service - Speech by First Deputy Minister of the Interior Militia." 8 August 2006. Ministry of the Interior, Russian Federation. 17 May 2009 .

Dzieciolowski, Zygmunt. "Russia's immigration challenge." 15 June 2007. Opendemocracy.net. 17 May 2009 .

Matthews, Owen and Anna Nemtsova. "The Kremlin Vigilantes." 14 February 2009. Newsweek. 17 May 2009 .

Monacelli, R. "Russia: Population, Immigration and the Economy." 19 February 2009. Institute for the Study of Conflict, Ideology, Policy. 17 May 2009 .

Schwirtz, M. "For Russia's Migrants, Economic Despair Douses Flickers of Hope." 9 February 2009. New York Times. 17 May 2009 .

Yasmann, V. "Russia: Immigration Likely to Increase, Mitigating Population Deficit." November 2005. Radio Free Europe Radio Liberty. 16 May 2009 .

Attachment 1

RUSSIAN IMMIGRATION STATS:

Top Stats

All Stats

Just Stats



immigrant population > Immigrants as percentage of state population

8.483

immigrant population >…… [Read More]

Bibliography

Banjanovic, Adisa. "Russia's new immigration policy will boost the population." 14 June 2007. Euromonitor.com. 17 May 2009 .

Chekalin, Alexander. "Press Service - Speech by First Deputy Minister of the Interior Militia." 8 August 2006. Ministry of the Interior, Russian Federation. 17 May 2009 .

Dzieciolowski, Zygmunt. "Russia's immigration challenge." 15 June 2007. Opendemocracy.net. 17 May 2009 .
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Global Warming Affects

Words: 1409 Length: 5 Pages Document Type: Essay Paper #: 73824515

Global Warming

Formal Outline

what is climate change and what is it doing?

The reality of global warming: fact vs. fiction and the marginalized greed-based business perspective

The Economics of global warming vs. The moral impact of global warming on all stakeholders including non-human ones.

Climate change, not global warming: the effects are different in different parts of the globe.

The political, social, and financial challenges that global warming creates and how the challenges can be met.

The Economic, Political, and Ethical Effects of Global Warming

Global warming, or climate change, has economic, social, and political consequences. These consequences are experienced by the non-human populations of the planet, too, and perhaps even more so. The Environmental Protection Agency points out that due to climate change and global warming, migratory birds are flying an average of thirty-five miles further north than they did just forty years ago. The recent Hurricane Sandy…… [Read More]

References

Environmental Protection Agency. "Climate Change." Retrieved online: http://www.epa.gov/climatechange/

Jacoby, Henry. Interview with the Natural Resources Defense Council. Retrieved online:  http://www.pbs.org/wgbh/warming/debate/jacoby.html 

Kolbert, Elisabeth. Interview with the Natural Resources Defense Council. Retrieved online: http://www.nrdc.org/globalwarming/ikolbert.asp

Maslin, Mark. Global Warming: Causes, Effects, and the Future. MBI, 2007.
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Global Business Plan Hybrid Plane

Words: 952 Length: 3 Pages Document Type: Essay Paper #: 13165726

S.$1 = 80.38 JPY (Japanese Yen). However, the current economic crisis in the United States and in major world economies including the European Union, combined with the post-tsunami economic consequences within Japan has made the exchange rates highly volatile and fluctuating. In order to avoid exchange rate risks, the company will make all transactions in one standard currency that is U.S. dollars. Moreover, in order to avoid exchange rate risks AKJT Inc. will use hedging approach, while netting approach will also be used where necessary. Hedging approach will be more pragmatic for the company as the company will be taking financial loans from international financial institutions (IXGW, 2011).

Generation of Financial esources

Given the highly capital intensive nature of the business, generation of financial resources remains a major concern for AJKT Inc. Since the retained profits of the company are expected to remain relatively lower in the initial years, the…… [Read More]

References

IXGW (2011). How do foreign trade avoid exchange rate risk. Retrieved from http://www.ixgw.com/2011/02/how-do-foreign-trade-to-avoid-exchange-rate-risk/

Gowthrope, C. (2005). Business Account and Finance for non-specialists. UK: Thomson.

Sofat, R. & Hiro, P. (2008) Basic Accounting. India: Prentice Hall.
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Global Woman Nannies Maids and

Words: 1204 Length: 4 Pages Document Type: Essay Paper #: 26973313

Imperialism is destructive to all but a select few persons in positions of financial and political power.

Also, because female migration is often not coerced but undertaken by some degree of choice, the type of imperialism arising from the female labor force is subtle and generally overlooked by sociologists, economists, and policy makers. As a result, humanitarian issues can easily fall by the wayside. For example, the women who leave their countries of origin sometimes leave behind family members and in some cases, husbands and children. The flow of labor from developing to developed nations depletes the sending nations' labor force and further impoverishes them, increasing their dependency on economic powerhouses like the United States. As economies in the third world collapse, workers, farmers, and families suffer from a lack of affordable health care, education and other social services. A potential side-effect in sending countries may be higher rates of…… [Read More]

References

Daorueng, P. & Yamin, K. (1998). Third World Resurgence 94. Retrieved 30 September 2005 at http://www.twnside.org.sg/title/last-cn.htm

Ehrenreich, B. & Hochschild, A.R. (2002). Global Woman. New York: Metropolitan.
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Global Politics and Economy Late 20th and

Words: 917 Length: 3 Pages Document Type: Essay Paper #: 32286190

Global Politics and Economy:

Late 20th and Early 21st Centuries

The world politics and economy of the late twentieth century were highlighted by the collapse of communism in the Soviet Union and Eastern Europe, the promise of a 'new world order' and the rise of 'globalization.' These developments were accompanied by a worldwide trend of increasing democracy, trade liberalization and booming economies. The start of the twenty-first century, on the other hand, has seen the emergence of the so-called 'clash of civilizations' and the long drawn out 'fight against terrorism' with the inevitable slump in global economies. In this essay we shall briefly discuss the major trends of the global politics and economy in this tumultuous period of world history.

Collapse of Communism

The 'Cold ar' period involving intense political and economic rivalry between the two superpowers, the U.S.A. And the Soviet Union, lasted from the end of orld ar…… [Read More]

Works Cited

Cold War." Article in Microsoft Encarta Encyclopedia Deluxe, 2000. CD-ROM Version.

Fukuyama, Francis. "Their Target: The Modern World." Pp. 54-59. Newsweek International: Special Davos Edition, December 2001-February 2002

World History
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Global Political Economy Globalization

Words: 1464 Length: 4 Pages Document Type: Essay Paper #: 61989089

Economics

There is a concerted effort to bring developing nations into the global trade system. There are certainly success stories of nations that have been able to enjoy advantages from joining this system -- China in particular comes to mind -- but there is room for debate as to whether or not the neoliberal trade system is actually desirable for developing nations. There are a lot of issues at play, starting with the basic economics.

In general, the theory of comparative advantage argues that nations should open up trade, so that they can produce the goods in which they have a comparative advantage and sell them to buy the goods in which they do not. There are some fairly significant real world limitations to this theory, however. One is that trade is usually governed by absolute competitive advantage, not comparative advantage. If a company wants a good at a low…… [Read More]

References

Masnick, M. (2016). Countries sign the TPP ... whatever happened to the debate we were promised before signing? TechDirt. Retrieved April 20, 2016 from https://www.techdirt.com/articles/20160203/15151133510/countries-sign-tpp-whatever-happened-to-debate-we-were-promised-before-signing.shtml

Nguyen, J. (2016). 5 economic effects of country liberalization. Investopedia. Retrieved April 20, 2016 from http://www.investopedia.com/articles/economics/11/economic-benefits-country-liberalization.asp
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Korean Financial Crisis in the Late 1990s Lesson for Current Euro Area

Words: 4892 Length: 16 Pages Document Type: Essay Paper #: 14885366

Korean Financial Crisis in the Late 1990s: Lesson for Current Euro Area

The objective of this study is to examine what is unique or different about the Korean financial crisis as compared to other Asian financial crises and to determine the primary causes of the financial crisis in Korea. This work will further examine the government response to the crisis and what it is that can be learned from the Korean financial crisis and applied in Korea to the Euro Area.

The major components of the Korean financial system in the 1960s and 1970s are stated in reports to have been nationalized with "lending targeted toward favored sectors and firms including the exports and heavy industries. (Jeon and Miller, 2005) Regional banks came on in 1967 and could only operate in their own provinces, which provided encouragement for development that was regionally-based. In the early 1980s, plans were made for…… [Read More]

Bibliography

Athens University of Economics and Business. Cyprus Economic Policy Review, Vol. 4, No. 1, pp. 89-96 (2010) 1450-4561

Causes, Policy Response, and Lessons. Presentation at The High-Level Seminar on Crisis Prevention in Emerging Markets Organized by The International Monetary Fund and The Government of Singapore. Singapore July 10-11, 2006.

Global Economic Review: Perspectives on East Asian Economies and Industries. Retrieved from:http://www.tandfonline.com/loi/rger20

Jeon, BN (2012) From the 1997-98 Asian Financial crisis to the 2008-09 global economic crisis: lessons from Korea's experience. 1 Feb 2012.
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How Canada Responded to the Financial Crisis

Words: 3342 Length: 10 Pages Document Type: Essay Paper #: 19571485

Political Science

Canada: Comparative Politics

Canada, like any other nation suffered terribly from the effects of the global financial crisis. The economic impacts from Global Financial Crisis were resolved through Canada's political and provincial administration structures. The Great ecession further intensified such trends towards elements of the precarious unemployment across Canadian provinces such as British Columbia mostly with certain population groups. This paper intends to illustrate how the global fiscal crisis has affected provincial economies in Canada.

Global Financial Crisis Impact on Provincial economies

The goal was to establish suitable forms of welfare states that mediated on the effects of forces of the global market forces through the determination of levels of state intervention within the provincial economic marketplaces. The liberal welfare regime in Canada as compared to the conservative one in Germany and social democratic from Scandinavian countries focused less on welfare provision and citizen security. This translated into…… [Read More]

References

Brownsey, K., & Howlett, M. (2001). The Provincial State in Canada: Politics in the Provinces and Territories. Peterborough, ON: Broadview Press.

Ciro, T. (2013). The Global Financial Crisis: Triggers, Responses and Aftermath. New York: Ashgate Publishing, Ltd.

Dunn, C. (2003). Provinces: Canadian Provincial Politics, Second Edition. Toronto, ON: University of Toronto Press.

Farlow, A. (2013). Crash and Beyond: Causes and Consequences of the Global Financial Crisis. New York: Oxford University Press.
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Eurozone Crisis the Eurozone Is Currently Facing

Words: 3192 Length: 10 Pages Document Type: Essay Paper #: 77914167

Eurozone Crisis

The Eurozone is currently facing a crisis on a number of fronts. The most pressing of these is Greece, which is heavily indebted to other Eurozone countries, creating a budget crisis in the country (Raman, 2011). As the risk of default on Greek sovereign debt increases, this puts downward pressure on the value of the euro. Other nations within the Eurozone are, in order to salvage the integrity of the currency, more or less obligated to back Greek debt. hile Greece is a significant problem for nations within the Eurozone, the currency would not be considered to be in a state of crisis if Greece was the only problem. The reality is that many peripheral Eurozone countries are in various states of financial disarray -- Spain, Italy, Portugal and Ireland all have problems (Ibid). Spain and Italy are in particular a problem, because they are too big to…… [Read More]

Works Cited:

BBC. (2001). Greece joins Eurozone. British Broadcasting Corporation. Retrieved November 23, 2011 from  http://news.bbc.co.uk/2/hi/business/1095783.stm 

Gow, D. (2011). Shock as €6 billion German bond sale ends in failure. The Guardian. Retrieved November 23, 2011 from http://www.guardian.co.uk/business/2011/nov/23/eurozone-doomed-without-central-control-barroso

Krugman, P. (2011). Romantic views threaten Europe. Houston Chronicle. Retrieved November 23, 2011 from  http://www.chron.com/opinion/outlook/article/Romantic-views-threaten-Europe-Paul-Krugman-2281150.php 

NPR. (2010). A brief history of the EU. National Public Radio. Retrieved November 23, 2011 from http://www.npr.org/templates/story/story.php?storyId=128389419