Economic theories

History is replete with all kinds of famous economic theories. No one economic theory is the “perfect one.” There are pros and cons to the popular economic theories of mercantilism, economic liberalism, Hamiltonian, and Listian theories. Certain types of economic theories are championed by nations during certain periods of their growth and certain types of … Read more

Public debt difficulties

Introduction: The answer to public debt difficulties is mainly presented as an economic problematic. Individuals and companies can deal with those complications through bankruptcy. It is a legal tool that protects a person under law in order to deal with a solvability problem, namely the incapacity to reimburse outstanding debts. But for states, declaring bankruptcy … Read more

The effect of population growth on the economic development of Pakistan

Different schools of thoughts in economics have analyzed the relationship between population growth and economic development. The debate on the relationship was pointed in Malthusian population trap (1798). Population increases was bound to stop Life-sustaining resources increases at arithmetic rate, would be insufficient to support Population increases at geometric rate Generally, there are two strands … Read more

The Asian Financial Crisis

Corsetti, Pesenti, and Roubini (1999) document the causes of the Asian financial crisis. In their study, there are three key concepts that characterize the eve of the financial crisis: overlending, current account imbalances, and the maturity structure of capital inflows. According to their study, the fragile banking and financial systems in Asian countries led to … Read more

Economics theories

My research of Classical Economics and Keynesian Economics has given me the opportunity to form an opinion on this greatly debated topic in economics. After researching this topic in great lengths, I have determined the Keynesian Economics far exceeds greatness for America compared to that of Classical Economics. I will begin my paper by first … Read more

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