International economic theories and policies have a double role: to explain and to regulate. On one side, the international economic theories explain the international economical environment where exchanges are produced, as well as general laws that Continue Reading...
In the real world, most markets are far from fully competitive, labor-productivity within a country varies over time and full employment is just a dream in most capitalist economies. (Suranovic 1997) Given the list of such 'unrealistic' assumptions Continue Reading...
International Management The cultural tourism is a part of cultural industry and it promotes cultural products of travelers as cultural practice (Craik, 1995; 87; Prentice, 2001). This tourism format is well thought-out as an organization which cove Continue Reading...
International Economics Law International Trade Law WTO Introduction The World Trade Organization, or WTO, is an international body that is located in Geneva, Switzerland and was officially founded in 1995 (The World Trade Organanization, 2012). T Continue Reading...
Due to the cases of swine flu in California, the Chinese government issues policies that do not allow the import of any products that have come into contact with California (Workman, 2009). This means that the cargo must be transported to other regi Continue Reading...
Interest rates usually increase to curb inflation as to encourage investment to remove currency from the consumer economy. Exchange rates; primarily floating rates and managed floats Exchange rates refer to the difference between currency rates wh Continue Reading...
"Policy issues attract a substantial attention from both economists and policymakers in the recent years" (Obsteldt). With such attention being focused on the policy issues, it makes more than a little sense, to focus the attention there as well in Continue Reading...
International Relations Theory and United Nations Peace: International Relations (IR) field normally focuses on the study of how various state systems can be made to work more efficiently to improve the power of law, maintain order, manage interstat Continue Reading...
Gross Domestic Product (GDP) is a way to assess the strength of an economy. Basically, it is the end value of all the things produced in our country. For example, the end value of a bushel of wheat (i.e. The amount of money, in USD, that a bushel of Continue Reading...
After the crisis, South Korea increased its efforts to regain their economic status and years of growth followed. The state officials have however been accused that their efforts went as far as getting them involved in illegal operations and this th Continue Reading...
International Economics The world's trading nations have become increasingly interdependent because advances in communication and transportation have reduced or removed barriers to these activities thereby increasing the demand for trade. Further, m Continue Reading...
This being the key player in the economy of the country, it is crucial to revive it as the priority towards reduction of unemployment in the economy. Structural reforms within the export sector involve the introduction of multinationals to supplemen Continue Reading...
International Trade To a point, there is no compelling reason under theories of international trade for IT companies to locate their production in Silicon Valley. Many major Valley firms have long since offshored their production, such Apple, Intel, Continue Reading...
The wage subsidy idea - combined with training and technical placement - could work well, even though it may be seen as a "government hand-out" to some. To those who cannot find work, public employment, if handled well, increases the labor supply (" Continue Reading...
Demand for Imported Tea in the United States According to basic economic theory, the level of demand for the import of any good for consumption is determined by the following factors, though their relative importance may vary from country to countr Continue Reading...
Inability to implement an effective governance arrangement has ignited violent conflicts in Sierra Leone. The conflicts originated from Liberia and ignited a combustive violence in the Mano River Union in Sierra Leone. During the reign of Charles Tay Continue Reading...
From its creation to 1988 it undertook banking functions and opined generally on the international banking system. 2. Starting in 1988 it began to assume the role of an unofficial international bank regulator. Although it had no official internatio Continue Reading...
International Trade Ever since Adam Smith demonstrated in The Wealth of Nations (1776) that individuals would be better off if they specialize, instead of trying to be economically self-sufficient, countries across the world have tried to apply the Continue Reading...
disrupting America's economic system is a fundamental objective of terrorists Even as the world continues to struggle with the terrible shock from the September 11 attacks in New York and Washington, one principle lesson has already become clear: di Continue Reading...
This suggests that fine-tuning the model may be required in order to identify optimal approaches. For instance, Gionnani and Woodford add that, "It is only if we ask whether the same policy continues to be optimal when we vary the statistical proper Continue Reading...
When there is no obvious solution to a particular problem, the recommended course was to extend the Neoclassical paradigm by incorporating new concepts into it that would make the subject matter amenable to economic analysis" ("The Chicago School," Continue Reading...
multipliers? The recent international economic emergency has brought transformed consideration to the inquiry of the convenience of government expenditures as a way of inspiring cumulative economic movement and employment throughout a slouch. Atten Continue Reading...
Trace Reasoning Monetary Policy Enhanced a Flexible Exchange System The paper will attempt to analyze why monetary policy tend to be more effective under flexible exchange rate system and less effective under fixed exchange system. Flexible exchange Continue Reading...
conflict theory and functionalism in a sociological context, I have chosen world trade as the topic, mainly the way developing and poorer countries and developed economies evolve and act in the world trade arena. Conflict theory seems perhaps bette Continue Reading...
There were numerous complaints that the famous charity was nowhere to be seen on the Jersey Shore and due to "inadequate food and supply distribution" local entities such as Occupy Sandy or personal volunteerism took the place of the Red Cross (Croc Continue Reading...
" (Feste, 2004) The work of Crenshaw (1981) makes the suggestion that the occurrence of terrorism is most likely where the masses are passive and: elite dissatisfaction coincides; when discontent is not generalized or serious enough to provoke the Continue Reading...
International Trade and Open Economy Microeconomics Why there is free trade between states in the United States but not necessary between countries Trade between states in the United States is not restricted as this may hurt the entire wider Americ Continue Reading...
International Financial Crises and the IMF Demand failures are a major economic problem, and one that cannot necessarily be addressed by cutting interest rates as once believed. Small economies, such as those known as the Asian "tigers" are not invu Continue Reading...
(5). This paper provides further illustration of trade barrier to provide greater understanding on the method barrier to trade hurts economy. Fig 1 reveals the effects of international trade without trade barrier. From the graph, DD refers to domes Continue Reading...
The primary advantage of trade, he argued, was that it opened up new markets for surplus goods and also provided some commodities at less cost from abroad than at home. Mass perception of free trade in the United States is rarely positive. Immediat Continue Reading...
The trade relationship with China can be analyzed from both perspectives of inter- and intra-industry exchange, and major differences are available. In this order of ideas, China is characterized by low income and a scarcity of natural resources. E Continue Reading...
The current model is threatened as well by a couple of its more glaring imperfections. The two largest players in the WTO have forged their ideas on free trade based on entirely different approaches to the issue. The U.S. has forged its own trade p Continue Reading...
International Trade Theory and Export Promotion The two graphs represent the production outputs of two countries. The first graph represents a developed country, which specializes in the production of machines, which is capital intensive. The secon Continue Reading...
Economic development is a key element of growth and sustainability of a country, as well as of equity, prosperity and well-being of its population. Recently the world has witnessed rapid economic growth of two Southeast Asian countries: China and Vie Continue Reading...
Thus, a region or nation experiencing economic depression will be unable to use the interest rate lever to boost the economy. Similarly a country with high inflation will be unable to independently raise interest rates to contain inflation. Moreover Continue Reading...
The European Union also has its own version for corporate social responsibility. (Landau, 85) Thus the U.S. polity was forced to adapt international opinions and legislate both for the external and internal aspects of its economy. Human rights, labo Continue Reading...
"Opening up the financial system to foreign capital flows can lead, and has led, to disastrous financial crises, which have resulted in great pain, suffering and even violence" (Mishkin, 2006, p.9). Directly linked to the previous disadvantage and Continue Reading...
International Organizational Behavior A Comparative Analysis of Three Countries The intent of this analysis is to evaluate the three nations of China, France and the United States from the standpoint of which is most likely to have higher job satis Continue Reading...
