Economics essays

Bank of Japan’s (BOJ) assessment to adopt a negative interest rate to encourage borrowing, spending and investment has failed to have the intended effect as the Japanese government continues to accumulate a debt of 233% of GDP in late 2018. Lower interest rates imposed by the BOJ to revive the economy has failed to intensify … Read more

Economic globalization is the process of increasing the financial integration amongst countries. Consequently, economic globalization leads to the development of a “global marketplace” or “a single world market”. Economic globalization is enhanced by the accession of multinational enterprises, which result into the rise of the profits of that “global marketplace”. It is hard to define … Read more

Title: Globalisation has benefited everyone. It helped all the people to increase their living standards, brought advantages to organisations and businesses and enabled economies to develop.” Discuss Introduction We live in a self-regulating world. Countries are influenced by the economic health of other countries and by their governments’ policies. Problems in one part of the world can … Read more

Free trade is a trade where countries carries out economic activities ‘without restrictions or barrier such as import and export tariffs’, barrier to market entry and policies (Johnston, Gregory, & Smith, 2011, free trade). Many countries have reaped benefits from free trade and especially developing countries. Some benefits include improvement in infrastructures, expanded markets, access … Read more

Non-democratic regimes are forms of government which are controlled by only a small group of individuals, who “exercise power over the state without being constitutionally responsible to the public.”[1] According R. Tannenbaum and W. Schmidt, such regimes result in “autocratic leaders [ruling] by issuing threats and punishments and evoking fear”[2], while Freedom House suggest there … Read more

According to Keynesianism, choices took by the private sector occasionally have ineffective macroeconomic outcome. As a consequence, this school of macroeconomic idea supports the usage of vigorous strategy and fiscal response measures by making use of the public sector, monetary policy actions started by the central bank and fiscal policies espoused by the government with … Read more

The similarities and differences between the Australian and Chinese economies provide an interesting comparison of economic systems throughout the world. They both differ and coincide with each other’s economic growth, environmental sustainability and the role of each of their governments. Since the late 1970’s, china has begun to move from a closed, centrally planned system … Read more

During the Early 1900’s and late 1800’s a drastic shift from agrarian society to an industrial economy occured, bringing about new patterns of production. It created new class structure, clearly separating the wealthy and working class. Factory assembly lines replaced apprentice workshops and machines replaced skilled craftsmen. Entrepreneurs Like John D. Rockefeller and Andrew Carnegie … Read more

Externalities can be simply defined as unintended consequence to an action, weather that be positive or negative. In the energy market, externalities are almost always negative as the process to obtain energy for commercial use can exploit workers, generate toxic waste, and be unevenly distributed. Unfortunately, energy producers most often do not take the social … Read more

Income inequality has been a long-term issue in the United States but more recently an article came out about how racial economic inequality benefits the richest 1%. Americans are consistently struggling when it comes down to African Americans and Caucasians and the inequality between the two is baffling, not only in income, but all aspects … Read more

Many people believe that the digital currency such as – bitcoin and cryptocurrencies are the trendiest investment and opportunity currently accessible. Certainly, there are so many stories of individuals becoming millionaires through Bitcoin investments, for example Mr. Smith from the article “Meet The Man Traveling The World on $25 Million of Bitcoin Profits” (Bishop, J. … Read more

John Maynard Keynes and Friedrich Hayek were economists. Keynes believed in government regulation of markets. Hayek believed in free markets. Lenin was against the world economy and opposed International Trade. His ultra-communist policies were a disaster in the Soviet Union. Keynes was an economic adviser to the British government during and after World War I. … Read more

WHAT IS AUCTION? An auction is a method of purchasing and selling of goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. TYPES OF AUCTIONS. • English auction: mostly referred to as “open ascending price auction’’ is a type of auction that is the … Read more

A good working economy is a crucial element of a successful state. Therefore, this chapter will be dedicated to how a totalitarian government can influence the economy of its own nation and vice versa. 3.1 THE Economy of an Autocracy Autocrats care about their ‘public image’, since this partly determines the likelihood for a popular … Read more

Succinctly and superficially, Turkey’s economic crisis of 2001, which led to a downturn of around 12 percent, was caused by too-high public deficits, out of control inflation and the subsequent devaluation of the lira (Kriwoluzky and Rieth p 356). But to understand how this happened, we must first look at Turkey’s history of chronically high … Read more

B – Theoretical approach The phenomenon of inflation is not recent, this concept and its effects on the real economy variable have been explored since the classical economic theory but have been explored further with the development of the modern economic theories. Below will be explained the inflation and its effects on the economy growth … Read more

The final chapter of this research paper, where all the results gotten the previous chapter will be discussed and summarized. Another related research finding are also talked about, before concluding and giving some recommendation if need be. 5.1 SUMMARY AND FINDINGS An empirical study and analysis were carried out to determine the result of two … Read more

Evaluate the effect of the United States economy on the world from 1945 to the present and how it contributed to the continuity of North American culture as well as it contributed to its change. After World War II an economic expansion took place around the world, this period better known as the postwar economic … Read more

It is evident that the 21st century faces a shift of both wealth and power from the West and North towards the East as well as the South. Some anxious observers argue that a change will occur in the world making it look less American as it happened at the close of the 20th century. … Read more

INTRODUCTION:- Unemployment plays very important part in our life. Today I’m going to discuss about the unemployment in Pakistan. Unemployment is one of the biggest problem In Pakistan. That person in unemployed who has ability to do work and Is willing to do work but is unable to get job opportunity in the current situation … Read more

What was the European Sovereign Debt Crisis? In order to be able to fully analyze the causes of European Sovereign Debt Crisis its important to understand what the Crisis is. The genesis of the European sovereign debt crisis began in Greece where a higher risk premium was assigned to the Eurozone region. By late 2009 … Read more

INTRODUCTION According to study performed by Jeffrey A. Frankel, 2005 exchange rate is defined as the price of foreign currency. For instance, the exchange rate between Malaysian Ringgit and Dollar is generally expressed in dollar per Ringgit ($/RM). The exchange rate acts a major role in the country economy growth and easily being affected by … Read more

Poultry refers to all birds of economic value to man, examples include chickens, pigeon, duck, pheasant, quail, guinea fowl and recently ostrich all which belong to the zoological class aves.Atteh,(2004) stated that poultry have been on earth for over 150 million years, dating back to the original wild jungle fowl. Poultry offered a range of … Read more

The Greek Economic Crisis (Stratfor, 2011) Greece, a land fraught with conflict over her long and storied life. Greek geography has been both a blessing and a curse throughout history that stretches back to the 6th century BC. Greece has given the world many gifts, the first Olympic Games in 776 BC and classical Greek … Read more

Question 1: Discuss the role of financial markets in a modern economy. Explain how financial markets bridge the gap between borrowers and lenders. Financial markets play a vital role in the allocation of resources and operation of modern economies. Financial markets create products that provide a return for those who have excess funds (Investors/lenders), making … Read more