The BRICS Fallacy

The emerging economies of Brazil, Russia, India, and China came into vogue in 2001, with South Africa joining in 2010, were first collectively known as the BRICs, today currently as the BRICS. A Goldman Sachs research paper predicted the weight of the BRICs, led by China, would grow the global GDP by 2011. In conjunction … Read more

Russia

The boycott On the 7th of august 2014, Russia announced a ban off food from western countries. The ban included a boycott of all meat, diary, fruits and vegetables originated from the United States, European Union, Canada, Australia and Norway. The boycott is imposed for a period of one year. The Russian Federation announced that … Read more

Global unemployment, forced labour, inequality

Hameed and Nazir (2014) argue that liberalization neutralises unemployment, citing Pakistan, as one of nations where trade liberalization has helped reduce job losses. Complementing the argument, Siddiqui and Kemal (2002) state that after liberalization, employment and production increased, generating demand for labour and imports. This dropped unemployment and reduced poverty, as economic and living standards … Read more

The relationship between corruption and foreign direct investment

INTRODUCTION It is no news that the concept of foreign direct investment (FDI) has become very prevalent in the world today. The advent of globalization which has led to a decrease in investment and trade barriers, improvement in transportation and communication infrastructures amongst other benefits, has more than ever emphasized the need for cross border … Read more

Critical Reflection 1: Time-Space Compression and global flow of landscapes

There are numerous theories and concepts of globalization in module one reading articles. Among these theories and concepts, I am particularly interested in the concepts of ‘time-space compression’ of David Harvey and ‘global flow of landscape’ of Appadurai (David Harvey & Appadurai as cited in Christie, 2008, p. 45 & 53). I strongly agree with … Read more

PRIVATISATION

Germany and the Netherlands offer relevant case studies. When they partially privatized, they initially maintained the government monopoly but eventually progressed to complete privatization and complete removal of the monopoly. Currently, Germany and the Netherlands are two of the most effective international posts on at least one important the benchmark’non-domestic revenue. These countries were number … Read more

South African Economy

‘ Introduction Economic growth is achieved by creating favourable conditions for it to occur. In 1994 there were great expectations of a dramatic turnaround in South Africa’s economic performance. It was expected that the removal of trade and financial sanctions will transform the country’s economic performance. Since 1994 we did see an improved growth performance … Read more

Factors that influence employment and globilisation

Hameed and Nazir (2014) argue that liberalization neutralises unemployment, citing Pakistan, as one of nations where trade liberalization has helped reduce job losses. Complementing the argument, Siddiqui and Kemal (2002) state that after liberalization, employment and production increased, generating demand for labour and imports. This dropped unemployment and reduced poverty, as economic and living standards … Read more

The importance of intellectual capital in the globalization and economic growth of the country.

The globalization of world economy that began in the middle of the twentieth century led to a series of structural transformations and reforms in world’s economic systems, changing the role of the major factors involved in the process of production. To start with, this essay will elaborate and more descriptively analyse the significant aspect of … Read more

UK economics

In order to navigate through the macro environment a company has to be aware of certain factors involving the macro economy. Below is a description of the key factors that has been made – these are the most relevant to take note of. The united kingdom is governed within the framework of constitutional monarchy in … Read more

Economic growth

1. Introduction: Economic growth, which reflects the overall performance of a country, is one of the most important macroeconomic goals that a country seeks to achieve and maintain. Economic growth in one-way or another refers to the increase of the country’s potential GDP. It must be sustained in order for economic development to be achieved … Read more