What do you consider to be the major differences between Adam Smith's and David Ricardo's theories of international trade?
Essay - 4 pages - Economy general
The basic concept underlying all international transactions is that foreign markets are extensions of domestic markets, in the sense that goods and services produced domestically, and whose quality is reflected in the strengths of the supply and demand curves, can also be sold internationally....
How and why has the adoption of free market economic policies affected the consolidation of democracy?
Essay - 6 pages - Economy general
“Economic factors have significant impact on democratization but they are not determinative.” (Huntington 1991: 59). To Huntington, there is a clear link between economy and democracy as a form of regime, bond that few people could deny nowadays. Actually, this bond can be shown by the...
The Evolution of Consolidated Financial Statements published by Publicly Quoted French Companies: The Shift Away from local GAAP to the Adoption of International Standards
Essay - 11 pages - Economy general
Contrary to the Anglo-American approach, France offers, in terms of accounting, an environment representative of those of many countries in continental Europe. Nonetheless, France offers a typical system, where, because politicians and executives are part of a close and tight elite network, the...
The economic power of the Chinese Diaspora
Essay - 6 pages - Economy general
China's economic growth is a much debated issue and is said to change the face of the world and presently world economic patterns are being reshaped. A couple of figures can easily help to understand how deep these changes are. Over the past 10 years, the Chinese economy grew by 10% a year on...
Globalisation
Essay - 3 pages - Economy general
« Globalisation » is a word that comes up much more often than others in debate topics. For some, nothing better than globalization (and the liberalizing process that comes with it) could happen to us. On the other side, globalisation's detractors hold it responsible for a great number of the...
Poverty in Russia
Essay - 12 pages - Economy general
Russia is the biggest country in the world and is also today one of the 10th most important economy in the world. In fact, Russia is situated at the 14th world rank concerning its total GDP for 2005 with approximately 763 000 million $, and at the 10th world rank concerning its PPP GDP for 2005...
Why has the development experience of sub-Saharan Africa diverged markedly from that of other developing regions?
Essay - 6 pages - Economy general
The recent images of migrants from Sub-Saharan Africa dying on the border of the Spanish territories of Ceuta and Melilla reminded the Northern opinion of the reality of life in the poorest region in the world . Migrants from Sub-Saharan Africa flee such horrible conditions of life, and such a...
Disparity between the Dollar and the Euro
Essay - 5 pages - Economy general
Since 2002, the value of the dollar has been decreasing. The value of the dollar has been paling in comparison to the nearly consistent euro. This has spurred caution and alarm in the foreign market because the dollar is perceived to be the safest currency to trade (The New York Times)....
AGOA: Origins, purpose and achievements
Essay - 6 pages - Economy general
President George Bush shared his empathy in the incidents of violence and economic crisis that beset African countries. The humanitarian and human rights crises in different parts of Africa are severely sabotaging its economy. It is to the United States' view that a way to spread peace is to...
The declining incidence of strikes in the United States and its possible explanation
Essay - 5 pages - Economy general
The declining incidence of strikes in the United States has plummeted dramatically over the last fifty years. Workers perceive one arsenal that they reserve for the fiercest labour battles: strike. Yet, this arsenal may forever be unutilized or at least be kept to a minimum at the expense of...
On the road to China's urbanization
Essay - 6 pages - Economy general
Unexpected urbanization is taking place in China today and will continue to occur in the coming years. The rapid rise of Chinese settling in cities is drastic. Statistics showed that urbanization heightened from “18 percent in 1978 to 30 percent in 1995 and 39 percent in 2002 (New Lincoln...
Economy of Vietnam
Essay - 4 pages - Economy general
In order to have an overall understanding of a given economy, one must take into effect numerous elements and factors. It starts with a general economic framework for the particular country or region, as it gives the necessary background figures to analyze the economy as a whole. Predicting the...
Monetary policy and Inflation
Essay - 5 pages - Economy general
The US economy has always seen turbulent cyclical effects of inflation and deflation. To gauge the balance between the two experts at the Federal Reserve has always adopted the traditional macroeconomic tool of monetary and fiscal policies. These policies depending on the nature of the situation...
Investment Banking
Essay - 5 pages - Economy general
Investment banking activities make up the majority of bank's services. Investment bankers are responsible for generating customers, introduce them with the kind of services available by ascertaining their financial needs and manage their accounts. However, unlike typical banking activities,...
Labor flexibility: An overview of features and developments with the German model
Essay - 6 pages - Economy general
Many scholars cite the Digital Age shift as the main precursor involved in the increasing push towards more flexibility within economic models, not only Germany, but on a global level. The reduction in jobs involving manufacturing and the service sector has been one of the primary impetuses...
Implications of the European economic integration on the centrally-planned economies
Essay - 7 pages - Economy general
Former Communist countries joined the EU in 2004 and in 2007. Having different features in their surrounding region as compared to the older EU members, centrally-planned economies were - and still are - challenged to alter their political and economic environment in order to align with the EU...
Economic crisis in South-east Asia
Essay - 5 pages - Economy general
In order to fully appreciate the nature of the economic crisis in south-east Asia, it would be necessary to have at least some insight into the nature of these economies prior to the financial problems they experienced1. Before the onset of the Asian crisis, the south-east Asian countries...
Guatemala : An economic overview in a historical, social, and political context
Essay - 8 pages - Economy general
The purpose of this paper is to explore the emergence of Guatemala into the global economy, and explore the viability of trade and investment in the country. In order to gain a proper perspective on Guatemala's current and future economic position, this exploration must be carried out in the...
China on the I-way
Essay - 5 pages - Economy general
China's Internet industry has clearly become a spectacle and a booming phenomenon in the Chinese society. Since it started in the early 1990s, China's Internet industry has grown from a marginal industry into a mainstream and a still rapidly growing industry. When the first commercial Internet...
Z-Boys: The politics of style
Essay - 11 pages - Economy general
When land designer Abbot Kinney set out to create Venice, California, the European-style beach community of amusement piers son known as the “Coney Island of the West,” he had no way to foresee the eventual decay of Venice and neighboring Ocean Park and south Santa Monica. But when the...
The theories of economic justice and the justification for employing utilitarian principles to support the economic development of society
Essay - 7 pages - Economy general
Throughout the course of history a number of notable scholars have stepped forward to offer their views on how society should create a utopian existence. Although each of these scholars has been able to address the fundamental issues facing the development of social and economic discourse,...
Study of Communication and Transpiration in Africa using a specific country as an illustration
Essay - 10 pages - Economy general
Researchers examining the development of Sub-Saharan Africa have noted that there are numerous infrastructure problems that exist on the continent. Telecommunication, transportation, and basic health and education services have been noted as some of the most pervasive problems affecting the...
How foreign exchange exposure affects international business
Essay - 4 pages - Economy general
International business carries with it a number of risks for the organization. While many of these risks are difficult to mitigate, foreign exchange exposure, while a pervasive problem for international business, can be effectively dealt with through the process of hedging. Utilizing this as a...
Can Delta Airline remain a viable business venture in the future given the decline in the U.S airline industry
Essay - 4 pages - Economy general
Since the September 11th terrorist attacks, the airline industry has struggled to make notable financial headway. Many of the top carriers in the United States have fallen into bankruptcy or proposed mergers with regional carriers as a means to reduce losses (Fiorino, 2005). Regardless of the...
Globalization: A General Essay
Essay - 6 pages - Economy general
The process of globalization is one that has been widely examined by scholars and experts. Although most seem to agree that the process of globalization is indeed having a powerful impact on the development of the international community, the analyses and evaluations that have been offered often...
Global Trade, Monetary Tradeoffs
Essay - 3 pages - Economy general
It is certain that the last half-century of economic history has seen a dramatic increase in global market integration. States in this integrated setting must make difficult financial decisions with a great deal of insecurity. In managing their national currency, they face uncertainty and a...
Nationalist Yearnings and the Modernization of China and Japan: The Importance of Economic Changes in Society to Revolution and Imperialism
Essay - 4 pages - Economy general
Western nations like Portugal or England did not simply encroach upon China's territory in the name of some abstract imperialist ideal. They had strong economic interest in the area, especially in keeping the tea trade alive. When diplomacy failed to win over the Chinese, military force was...
First Steps Towards Success: The First National Convention
Essay - 3 pages - Economy general
Following the Revolution, drastic measures needed to be taken to insure America's survival and success if it was to truly become a rich and orderly nation after departure from British rule. The Articles of Confederation had been formulated and processed, yet proved not wholly productive,...
International Institutions and Trade Liberalization: What has been the role of international institutions in promoting trade liberalization, and how successful have they been?
Essay - 3 pages - Economy general
When we look at the issue of trade liberalization and we question which international institutions have promoted it, we must ask what exactly is an international institution. In the formal sense, they are seen as “an organization established by multiple national governments, usually to...
Examining the Causal Factors and Societal Ramifications of the Celtic Tiger Phenomenon
Essay - 5 pages - Economy general
When one examines the historic past of Ireland it is evident that this once colonial appendage of Brittan has had its fair share of despair. Within just over a hundred years Ireland as a whole has suffered through numerous crises including two famines, oil crisis, religious conflict and economic...
