As being one of the few survivors of the 1997 Asian financial crisis, People’s Republic of China presents an impressive economic growth receiving global attention in the last two decades. It has economically continued to have an annual growth of 9 percent for more than thirty years (Lin, 2012) and maintained an average four times … Read More»

Dave Levengood “Too Big to Fail” vs. “How an Economy Grows and Why it Crashes” The Great Recession of 2008 was not only the largest economic crash of this decade, it was the largest economic crash since the Great Depression. The Great Recession has been studied extensively since it happened, and there are finite conclusions … Read More»

The 2008 recession was one of the worst economic crises in America since the Great Depression of the 1930’s. Caused by the collapse of an 8 trillion dollar housing bubble, the recession eventually led to the closures of many large banks on Wall Street and insurance firms like AIG, and to millions of Americans losing … Read More»

CHAPTER ONE INTRODUCTION 1.1 PROBLEM STATEMENT The informal sector makes a considerable contribution to production, consumption and income generation, particularly in developing countries. For example, it contributed about 8 percent and 68 percent to the GDP of the United States and Bolivia respectively in the years 2002 – 2003 (Schneider 2005). The sector is also … Read More»

A Journey into Singapore’s Past While the earliest known historical records of Singapore are shrouded in the mists of time, a third century Chinese account describes it as “Pu-luo-chung”, or the “island at the end of a peninsula”. Later, the city was known as Temasek (“Sea Town”), when the first settlements were established from AD … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Absolute advantage theory was first presented by Adam Smith in his book “The Wealth of Nations” in 1776. Smith provided the first concept of a nation’s wealth. Adam Smith is a grandfather of economics because he introduced two important concepts that many of the new trade theories are based on these … Read More»

Background of Adam Smith Adam Smith was a Scottish moral philosopher and pioneer of political economy. Adam Smith is well known with his classic works such as The Theory of Moral Sentiments and The Wealth of Nations. Adam Smith was cited as the father of modern economics and is still the most influential economics thinkers. … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   The appropriate value of t is 2.100. Since we are concerned whether b (the slope of original regression line) is significantly different fro B (the hypothesized slope of population regression), this is a two tailed test, and the critical values are ±2.100. The standardized regression coefficient is 0.063, which is inside … Read More»

INTRODUCTION The World Trade Organization (WTO) represents one of the largest international institutes regulating foreign trade activities in general and its trading sector in particular. The big authority and popularity of the WTO in world economic community are connected, first of all, with practical benefit from participation in activities of this international organization. This benefit … Read More»

a) According to Mankiw and Taylor (2006), unemployment means that inability to obtain a job when one is willing and able to work. Even though there are several different ways to measure unemployment, this can be normally measured in two ways: the claimant count and the Labour Force Survey (LFS). Get Help With Your Essay … Read More»

PEST analysis stands for political, economic, social and technological factors which are used to analyse a macro environment ,market decline or growth, potential before setting up a firm in that particular environment . The output of the PEST gives a clear idea of environmental conditions so that firm can change its mission and vision accordingly. … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   The implementation of such a great idea was and is still thought to be impossible by many Malaysians. The skepticism of many was understandable, but, as the saying goes, “Rome was not built in one day”. The initial efforts needed to bring the Wawasan 2020 vision to life had already been … Read More»

Globalisation and price conscious consumers coupled with ample labour at a very cheap price have contributed towards apparel manufacturing moving in to less developed countries. As a result, developing countries involved in manufacturing gained the technological expertise, foreign investment, employment opportunities and economic growth whilst organisations enjoyed the benefits of cost advantage. However, with disclosure … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   The political and economic world has always been dependent on each other, not one can survive without the other and the world cannot function without both. Countries have been competing in finding the best economic and political combination that brings their countries into the power they need to lead the world. … Read More»

Thailand That have 2 main trends will be discuss. First one is the trend during years 1996 to 1999. From years 1996 to 1999, it was a period that Thailand created the Asian financial crisis and faced the recession from the crisis until the economy recovered. In 1996, Thailand was facing export stagnation because a … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Introduction In order to answer the question of whether ‘the competition is always necessarily beneficial to consumers’, it is vital to address the operation of two extreme sides of the market organisation. The extreme sides of the market organisation are Perfect competition and Monopoly. Once we accustom ourselves with the working … Read More»

The function of any economic system is to produce a set of solutions to the basic economic problem that human needs are unlimited, while the resources required to satisfy them are finite. All economies have to decide what to produce, how to produce and, finally, how to allocate the goods and services once they have … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Foreign direct investment is mainly carried out by multinational enterprises whose economic entities are cross-bordered and presented in two or more countries. This investment often requires a firm from one country account for 10% share at least in the equity capital of another firm in different country. Because of its important … Read More»

As we know that, a country political instability or stability is an important issue to foreign invest. India has been instable politically in the past but it is a slight politically stable in these years. Therefore, our company is investing to the India capital market. There two important political factors that our company need pay … Read More»

In law and economics, the Coase Theorem, attributed to Nobel Prize laureate Ronald Coase, describes the economic efficiency of an economic allocation or outcome in the presence of externalities. The theorem states that if trade in an externality is possible and there are no transaction-costs, bargaining will lead to an efficient outcome regardless of the … Read More»

Jump to: PEST Analysis of PETRONAS | Impact of Globalisation on PETRONAS | Recommendations for PETRONAS The company of my choice is PETRONAS, the petroleum Multinational Corporation based in Malaysia. The paper will outline the background of the company followed by identification of the actual and potential impacts of globalisation on the company. Recommendation of strategies which the company might … Read More»

ADAM SMITH Origin Adam Smith who is commonly known as “father of capitalism” was born in the seaport and manufacturing town of Kirkcaldy, Scotland in 1723. He was the son of Adam Smith and Margaret Douglas (Mastin, 2008). His father was a writer to the Signet as well as the comptroller of the customs whereas … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Adam Smith’s chief contribution was to build a coherent and logical theory of how the economy works. The elements of Smith’s theory were mostly already available in the writings of earlier writers. However, in these writings good ideas coexisted alongside numerous other useless theories. Somebody had to figure out which theories … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Abstract: The purpose of essay wants to explain Adam Smith’s theories of economic growth contributing to the current economic development through investment and capital accumulation. Moreover, this will also shows the role of agriculture in the industry sector and the division of labor in the agricultural sector to the industry sector … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   In the first sentence of “Wealth of Nations, Smith explained his conception of the nature of the wealth of nations. In so doing, he separated his views from those of the mercantilists and physiocrats. The annual labour of every nation is the fund which originally supplies it with all the necessaries … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   After defining Adaptive Expectations and Rational Expectations, explain how the conclusions on the impact of macroeconomic stabilisation policies (and, in particular, disinflation policies) differ depending on whether the agents’ expectations are adaptive or rational. Present arguments in favour or against these two theories. Get Help With Your Essay If you need assistance with … Read More»

An Essay on the Relationship between Andrew Lo’s Adaptive Market Hypothesis and Behavioural Finance 1.0 Introduction When in 1936, Keynes compared financial markets to a beauty contest where competitors had to guess who the most popular choice would be, he did not imagined that economists would become fascinated with the contest for explaining the efficiency or … Read More»

Disinvestment, or divestment, refers to the act of a business or government selling or liquidating an asset or subsidiary or the process of dilution of a government’s stake in a PSU (Public Sector Undertaking). The Indian Ministry of Disinvestment in April 2001 published a manual entitled “Disinvestment Policy and Procedures”. In the introduction to the … Read More»

Monopoly is an industry that has only one firm that sells a good which has no close substitutes. Monopoly firms also represent industries because there are no other firms in the market. Products that are from monopoly market are electricity, water, cable television, local telephone services and many more. Examples of monopoly firm in Malaysia … Read More»

A shift in the demand curve to the left or right represents a change in consumer preferences. A shift to the right indicates that an item has become more commercially desirable and that a larger number will be sold at a given price. A shift to the left is just the opposite, indicating that a … Read More»

Before presenting the results, it is importance to check for the time series data existence of stationary property of each variable whether the variables under consideration are stationary in level form. It is important to ensure that the variables used in the regression are not subject to spurious correlation. We are using unit root tests … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Ethiopia has undertaken a comprehensive tax reform in the past couple of decades with the major aim of creating modern tax system, broadening the tax base, redistributing income and support economic efficiency. Value added tax was introduced in January 2003 as a result of this reform effort with the objective of … Read More»

Question 1 1.1 Introduction Euro (€) currency was created in 1957 and the single currency provides many benefits to the euro region. For an example, Euro currency eliminated exchange costs and fluctuation risks. It gives stability of economic to the euro region, so it allows government to have better long term planning for future. In … Read More»

Most of the countries tried to reestablish the gold standard after World War I, but it had been totally collapsed during the Great Depression in 1930s. Some economists said comply with the gold standard had prohibited monetary authorities from increasing the money supply rapidly enough to recover the economies. Therefore, the representatives of most of … Read More»

Convertible currencies is one which can easily be bought, sold and converted without the need of obtaining a central bank or government agency. There are three types of currencies:- Fully convertible: These can be freely traded without restriction and without required authorization. This helps in development and growth of international markets and also trading in … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Since Payment For Environmental Services creation in 1997 has grown in popularity becoming one of the most effective ways to improve conservation strategies (García-Amado, 2011; Cranford, 2011) . Wunder has defined PES as “a voluntary arrangement where a well-defined environmental service (ES) is… ”bought” by a (minimum of one) service buyer … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   The twenty-first century is enormously marked by increased tendency towards globalization instead of nationalization. This is applicable to most ramifications of human activities, such as industry, trade and finance. Global policies that emphasise networks and solutions as against controls within national boundaries are influenced by liberalization, improved technology, giant leaps in … Read More»

The nations economic structures was formed by the pervasive power of internationalisation which is a substantial phenomenon improved rapidly especially in the last decades. International business, one of the constituents of globalisation and liberalization in today’s world, International business from Toyne’s perspective is the process that” involves the exchange of goods and /or services across … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   An income tax is a rate charged on the income of individuals as well as business (companies or other legal entities). Individual income taxes often tax the total earning of the individual, while corporate tax often taxes net profit of the company. Different tax systems exist, with varying degrees of tax … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Introduction International business is the core theme in conducting business in current era of globalization. In the competitive environment, businesses are competing at global level. In international business a company can engage in either of the two ways such as import or export. Import and export are the two basic and … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   What is economics? Economics is can say as branch of social science that read the production distribution and consumption of goods and service. Definition of economics and associated terms such as scarcity, choice , house hold, goods, consumption, production, and ceteris paribus. Get Help With Your Essay If you need assistance … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   The Market System can be defined as any systemic method enabling many markets to bid and ask, helping buyers and sellers interact and make deals. It is an economic system that relies upon markets to allocate resources and determine prices. Get Help With Your Essay If you need assistance with writing … Read More»

cyber security measures taken to protect a computer or computer system (as on the Internet) against unauthorized access or attack Most people think that hackers are just people that want to mess up your computer, but real hackers break into systems because they want to see what they can do, then they might leave a … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   There is one important distinction to be made. When an economy is generating with excess capacity, GDP may be increased by putting the unemployed resources to work. The problem of economic growth is how to increase output when all resources are fully employed, therefore to an increase in the country’s productive … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   It typically takes the form of starting a subsidiary, acquiring a stake in venture in an existing firm or starting a joint venture in a foreign country. Green-field investment, i.e., establishing an entirely new enterprise in the foreign market. Mergers & Acquisitions, i.e., merging or acquiring an existing firm in the … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   In the following project and in accordance with the bibliography I have been used, I will describe and analyze the flexibility and work. More specifically, I refer to history and the multidimensional concept. Then I will analyze the forms of flexible work, and I will present the advantages and disadvantages for … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Definition Free trade is a type of trade policy that allows traders to act and transact without interference from government. Accordance with the principle of comparative advantage the policy permits trading partners mutual gains from trade of goods and services. Get Help With Your Essay If you need assistance with writing … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Redding (1999) defines that globalisation as the increasing integration between the markets for goods, services and capital and at the same time the breakdown of borders. Other researcher found that the process of globalisation not only includes opening up of world trade, development of advanced technologies such as communication, internationalisation of … Read More»

Globalization activity doesn’t only reduce trade boundary but it lot more effects like one country come closer to the economy of other country, it help in mixture of culture, it helps in transfer information and technology, increase group of buyer and seller of products and services etc. this are only few advantages of globalizations. Get … Read More»

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Through the years, awareness against smoking has grown indefinitely and nowadays it is a known fact that smoking, as well as passive smoking is harmful to people’s health. This leads us to the danger of these effects in workplaces, which is becoming a serious issue for many people and demand a … Read More»