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Economics Assesment Task 2010

- Synopsis: In 2009, the world experienced a Global Financial Crisis (GFC) which caused recession in most advanced nations around the world. In an effort to combat this, the Australian Government created a Stimulus Package to increase aggregate demand. The treasurer, Wayne Swan proposed that $42 billion would be given to both individuals and businesses to lessen the impact of a recession. The package included a one off $950 payment to low and middle-income families, individuals, famers, students and other groups....   [tags: Economics ]

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The Federal Reserve System

- Theory Monetary policy is a process a central monetary authority employs to achieve certain macroeconomic objectives. In the United States the central monetary authority is the Federal Reserve (Fed). The Fed uses several methods to achieve two main, though not exclusive, goals: expanding the economy and reducing inflation. When the Fed wishes to expand the economy, it employs a policy called expansionary monetary policy. When it wishes to combat inflation, it employs a policy called contractionary monetary policy....   [tags: Economics]

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Positive Aspects of Globalization

- Introduction During the last decade of the twentieth century, the word ‘globalization’ has become an increasingly prominent feature of political, social, and economic discussion in academic and policymaking circles, as well as in the media. The processes and outcomes of globalization drew attention and debates that had one thing in common. The research shows that nearly everyone agrees that globalization is a trend that is changing the face of the world, and as a result the world society lives in a more ‘globalized’ world....   [tags: Globalization Essays]

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The Theory and Implementations of The Balance of Payments (BOP)

- The Theory and Implementations of The Balance of Payments (BOP) To develop country’s economic strength under the tendency of globalization, governments always seek to achieve two macroeconomic objectives, i.e. stable growth of internal economy and balanced development of external economic activities. The former can be realized by effectively adjusting Economic Growth, Unemployment and Inflation. However, how to realize the latter. An external macroeconomic variable is needed. In practice, the Balance of Payments fulfills this responsibility....   [tags: Economics]

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The Problem of Unemployment in the UK

- The problem of unemployment is one of the most serious long-term economic problem challenges in the past decades. Unemployment is a major cost to the economy not just in the terms of lost production, but it also involves major, long-term social cost such as increased inequality, poverty, family problems, crime and social division. One of the major economic debates of recent decades has been what should be done in order to reduce unemployment. There are major differences of opinion among economists about both what has caused the increasing level of unemployment during recent years, and what policies that might be used to reduce unemployment in the years to come....   [tags: Labour Market, Economics]

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Outsourcing IT Jobs: Pros And Cons

- Outsourcing IT Jobs: Pros and Cons In 1973, a monumental shift was prevailing where U.S. companies were sending low skilled jobs within the manufacturing industry to offshore countries to reduce labor cost while maximizing profits. The effect of the jobless manufacturing work force was a shift of those laborers to focus on and perfect the service industry of what it is today (Koch 1). During the high tech recessions of the late 1990s and a nominal expansion of the present time, the Information Technology industry, an industry which through continuous innovations enabled the companies and corporations of America to become more efficient and productive, is also facing the outsourcing similari...   [tags: Outsourcing Globalization Off Shoring]

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Explain what is meant by the full employment level of National Income

- Explain what is meant by the full employment level of National Income and Equilibrium level of National Income. Why might these levels of income be different. National Income is the level of total output, expenditure or income of an economy over a period of time. The main measure of NY used around the world today is Gross Domestic Product, or GDP. This is a measure of all domestic production, that is, production not including trade, which takes into account the value of indirect taxes such as GST....   [tags: Economics]

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Integration and Managing Economic Activity

- Integration and Managing Economic Activity Does increased integration, particularly in the financial sphere make it more difficult for governments to manage economic activity, for instance by limiting governments' choices of tax rates and tax systems, or their freedom of action on monetary or exchange rate policies. If it is assumed that countries aim to achieve sustainable growth, low inflation and social progress, then the evidence of the past 50 years is that globalization contributes to these objectives in the long term....   [tags: Papers]

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World Economy

- Matsusaka & Sbordone (1995) used quarterly data from 1953 to 1988 to empirically investigate the relationship between consumer confidence and Gross National Product in the United States. Using vector auto regressions Matsusaka ( 1995) & Afshar, Arabian, Zomorrodian (2007) examined the effect of pure confidence on GNP by implementing control variables such as the Index of leading indicators & Consumer price index respectively; finding that confidence granger caused GNP for 1, 2, 3 & 4 quarter lag models....   [tags: Consumer Confidence]

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U.K. Economy

- U.K. Economy The UK government currently has four main macroeconomic aims that it is pursuing. These aims are those of low unemployment, low inflation, and high and stable economic growth as well as a favourable balance of payments current account position. This essay will concentrate on the government’s success in the first three of its aims listed above and how these macroeconomic aims can or have been achieved using fiscal and monetary policy. Fiscal policy is used to affect aggregate demand by altering taxation and government spending; monetary policy also affects aggregate demand by the manipulation of interest rates and the supply of money....   [tags: Economics Fiscal Policy Essays]

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Labour Market Need

- The oft-repeated explanation for these outcomes is a labour market need for migrant workers to fill jobs that indigenous workers reject (Fellini et al., 2007; Massey et al., 1998; Piore, 1979). However, this is not a spontaneous process and it is important to recognize the role played by labour market actors, particularly employers (or their agents) and the state (Bach, 2007; Rodriguez, 2004). Employers engage in active recruitment strategies to attract immigrant workers already in national labour markets or to recruit directly from abroad, often through employment agencies operating in the communities of origin (Fellini et al., 2007; Piore, 1979)....   [tags: Business Management ]

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The Government Stimulus

- In these current economic times, people have lost jobs. People have lost faith in the economy since the worth of their money keeps falling. Businesses are failing left and right because of the lack of confidence in the system. Banks have folded because of the amount of people who are unable to pay their loans, leaving the banks without funds. The auto industry is failing as people cannot afford the new cars being produced by Detroit. Confidence in the economic system of the United States is very low....   [tags: U.S. Government ]

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Economy of Singapore

- Introduction In this essay we look in-depth on how government strategies and economic policy play a crucial role in the success of High Performance Asian Economies (HPAEs) during 1960 to 1990 (World Bank 1993).There are eight countries within HPAEs: South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, Indonesia and Japan. Its economic development has significantly rise that it was name ‘East Asia Miracle’ (World Bank, 1993). Out of the eight country, Singapore, Hong Kong, Taiwan and South Korea were known as “Asia’s Four Little Dragon” along with Japan has modern it industry in rapid growth after World War II, (Ezra F, 1991)....   [tags: Government Strategies, Economic Policy]

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The Great Recession

- Every few years, countries experience an economic decline which is commonly referred to as a recession. In recent years the U.S. has been faced with overcoming the most devastating global economic hardships since the Great Depression. This period “a period of declining GDP, accompanied by lower real income and higher unemployment” has been referred to as the Great Recession (McConnell, 2012 p.G-30). This paper will cover the issues which led to the recession, discuss the strategies taken by the Government and Federal Reserve to alleviate the crisis, and look at the future outlook of the U.S....   [tags: housing bubble burst of the XXIst century]

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The AD/AS Model to Explain the Economy of China

- ... As China becomes even more developed, they acquire better technology, and thus their costs of inputs will continue to decrease due to further increase in productivity of labour. The LRAS curve shifts right, leading to lower prices and higher output at the new equilibrium. If prices in China are lower than in the United Kingdom (UK) than there would be an increase in demand for goods and services in China. From UK’s point of view, it is cheaper to purchase from China than domestically, thus this will also increase in imports and decrease in exports of the UK....   [tags: policy, growth, equilibrium]

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Risk Seekers Turn to Latin America Bonds

- Many investors are looking towards some South American countries, some of which still branded pariahs, since developed markets are offering measly returns. Two countries that are receiving a large amount of attention are Venezuela and Argentina, who have pushed yields to new lows, making issuances increasingly attractive. Additionally, Ecuador’s President Rafael Correa is planning to release the country’s first international bond since he voluntarily defaulted on $3.2 billion around five years ago....   [tags: investors, argentina, ecuador, debt]

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I Want to Major in Economics

- Many people fail to realise the importance of our economy, how diverse and interactive it is to our daily lives and the distinct role it plays in our constantly evolving economic climate. My initial interest stemmed from my lack of knowledge about the UK economy; resulting in the research about our recent financial crisis and from there it grew tenfold. I began to observe the situations around me from a different perspective, and with the help of micro and macroeconomic objectives, which are the fundamental foundations; I have been able to pursue this social science in far greater depth and understanding....   [tags: personal statement, career choices]

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Profile of the Pharmaceutical Industry

- ... Extent of Competition Demand for pharmaceuticals is primarily driven by the desire to cure illness and disease, and the profitability of an individual company is heavily depended on its ability to discover and market new drugs and its expenditure on R&D activities. Within the industry, large companies benefit from their economies of scale in research, manufacturing, and marketing, while small companies usually compete by specializing in drugs that target one or two particular ailments. The US pharmaceutical preparation industry is highly concentrated since the 50 largest companies account for over 80 percent of the industry’s total revenue....   [tags: proft, drugs, competition ]

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International Monetary Fund (IMF)

- The IMF is an intergovernmental organization that offers financial advice and assistance to its member states. It was conceived at the end of World War II, in July 1944 with forty five member states in a meeting held in Bretton Woods, New Hampshire, United States of America (International Monetary Fund) In the meeting, the members agreed to establish a framework for international economic cooperation that would prevent economic crises such as the Great Depression from happening again (Digital films, 2009)....   [tags: International Economic Cooperation]

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International Trade and Protectionism

- International Trade and Protectionism The benefits of globalization and open trade to any country’s economy are immense since international trade agreements and unilateral liberalization allow for the adoption of low tariffs. However, these benefits do not cut across the entire economy and it is often the case that special interest groups are perpetually attempting to use government power to shield themselves from competing imports. The mechanism these interest groups use to enforce such policies is often termed regulatory protectionism (Sykes 24)....   [tags: benefits of globalization and open trade]

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Monetary Policy

- Monetary Policy The tools used by the Federal Reserve to control the money supply There are three tools that the Federal Reserve (The Fed) uses to control the money supply. The first tool is the Spread between the Discount Rate (DR) and the Federal Funds Rate (FFR). This spread determines if banks will be more inclined to borrow from the Fed or from other banks. The Second tool the Fed uses to control the money supply is the Required Reserve Ratio (RRR). The Fed mandates a percentage (ratio) of deposits that bank are required to hold in reserves and not lend out....   [tags: Economics Economy]

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Further option for chinas farmland reform(chinese translation included)

- Options for Further Reform in China's Farmland System from "Report of a pilot study on poverty, land abandonment and rural institutions", produced by the Department of International Cooperation, Ministry of Agriculture, People's Republic of China, in collaboration with the FAO Rural Development Division THE FUNDAMENTAL ISSUE in the setup of China's existing rural farmland system centres on ambiguity in the definition of land ownership rights. Despite stipulations in the Constitution and Land Management Law, specifying that rural land is owned by the collective, it is nevertheless unclear which of the "three levels of ownership' in the collective -- People's Communes, prod...   [tags: essays research papers]

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The World Bank, Tourism, and Sex Work

- The World Bank, Tourism, and Sex Work "...International Travel, Tours and Vacations to the Philippine Islands, Services and Assistance to Single Individuals Seeking a Romantic Relationship plus Assistance with U.S. Immigration Visa Requirements...." (M-H Travel, 1). This sex tour is just one example of the direct links of tourism associated with sex work in Asia. While specifically analyzing the implications of tourism on prostitution/sex work supported by organizations such as the World Bank, which is profit seeking and economically focused, Thailand and the Philippines seem to be two very affected nations struggling with the issue....   [tags: Essays Papers]

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The United Kingdom in the European Union

- In joining the European Union, the United Kingdom has been affected in many different ways. We have had the advantages and the disadvantages, the benefits and the costs. Advantages to the EU cover many fields; there is greater specialisation and economies of scale, for example the more efficient a firm is in producing their product then the bigger the scale of production leading to higher capital for them and also leading to lower costs. There would be more competition involved as the removal of trade barriers leads to more countries being involved leading to greater ideas and more innovation....   [tags: United Kingdom Economy]

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Should the United KingdomJoin the Single Currency?

- Should the United KingdomJoin the Single Currency. Introduction This project will concentrate on analysing the arguments put forth in favour of adopting the Euro as our currency, as well as those against it. A conclusion will then be drawn that weighs both the pros and cons and decides whether it would be beneficial to the UK economy if we adopted the Euro or continued to opt-out. Theory The major economic theories that will be used are the following: * Macroeconomic objectives. * Governmental macroeconomic policies....   [tags: Economics]

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Financial Crisis: How And Why It Happens

- Financial Crises: How and Why and Lessons Recent Major Financial Crises 1980's: Debt crisis for developing countries (Latin America and Africa) 1992: European Exchange Rate Mechanism (especially UK and Sweden) 1994-95: Mexico (Tequila crisis) and Argentina 1997-98: Asian financial crisis (Thailand, Indonesia, Korea, Philippines, Malaysia) 1998: Russia 1999: Brazil 2000-02: Turkey 2001-02: Argentina (again) Nature of Financial Crises Exchange rate crises Sudden, drastic depreciation of the country's currency Banking crises Depositors lose confidence (disintermediation) Banks can't perform lending function Effects Severe recession, due to: Collapse of bank lo...   [tags: Economics]

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Transition of the Bulgarian Economy: 1990-1997

- Transition of the Bulgarian Economy: 1990-1997 The immense political and economic changes in Central and Eastern Europe have created a variety of unique transition economies. Each country controlling its own development without fully understanding the implications of the monetary and fiscal macroeconomic policies it yields. Bulgaria in particular has had mixed results. A 1992 OECD Economic Assessment of Bulgaria described “shock therapeitic” reform programs that included the abolition of central planning, the liberalization of most prices, and opening more markets to foreign trade....   [tags: Essays Papers]

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Relationship Between CPI And WPI

- It is generally believed that central banks ideally should have a single overwhelming objective of price stability. In practice, however, central banks are responsible for a number of objectives besides price stability, such as currency stability, financial stability, growth in employment and income. Of late, however, considerations of financial stability have assumed increasing importance in monetary policy. The most serious economic downturns in the recent years appear to be generally associated with financial instability....   [tags: Economics]

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Technology's Rapid Changing

- Strategic planning implies establishing in advance what an individual or organization wants to achieve within a specified timeframe and deriving ways on how to achieve that. A strategic plan is basically a course of action that is used to attain desired results. It means anticipating the future and having measures on how to grow into the future. Technology is a macroeconomic factor that is rapidly growing and changing. Technology has had positive effects all over across the globe to business organization and to individuals....   [tags: Businesses, Strategic Planning, Innovative]

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UK's Economy in Europe

- UK's Economy in Europe When one talks about a strong economy, a few key economic indicators will get mentioned; inflation, unemployment and economic growth. These are considered the three main macroeconomic indicators of any economy. To define a strong economy in the simplest form you must have a low rate of inflation, low unemployment and steady economic growth. During this essay there will be comparisons between other European countries (e.g. France, Germany, Luxemburg, Belgium, Spain, Italy) and these economic indictors mentioned as well as others....   [tags: Economics Economy England United Essays]

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Aggregate Supply and Demand

- Aggregate Supply and Demand The quantity theory can be shown graphically in terms of the aggregate-supply aggregate-demand framework that has become popular in macroeconomic textbooks. Aggregate demand is the amount people will spend, or money multiplied by velocity. If money is 30 and velocity is 7, total spending will be 210. Total spending of 210 can be divided between prices and quantities in a number of ways. If the price level (P) is 1, quantity (Q) will be 210. If P is 2, Q will be 105, if P is 3, Q will be 70, if P is 5, Q will be 42, etc....   [tags: Economics]

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Corporate Finance

- CHAPTER 5 CONCLUSION AND POLICY IMPLICATIONS 5.1 Conclusion According to the conventional corporate finance literature, in a perfect capital market, the financing decisions of firms should be irrelevant. The main implication of such theory is that given that there are no perfect capital markets, the financing decisions of firms do matter and should have significant consequences on the performance of these firms. There were two major objectives of this study. Firstly, the study attempted to examine the financing pattern of non-financial firms in the small open economy open economy of Jamaica....   [tags: Economics]

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Information Technology

- Background Chapter Developments in computer and information technologies have created spaces wherein peoples across the world regardless of time and physical place can interact anytime and anywhere, thus, reshaping human interaction in the contemporary period (Whitworth, Banuls, Sylla & Mahinda , 2008). Recognising the integral significance of the development, it has been observed that in the last two decades, almost fifty percent of new capital investments of organisations are invested in information technology (Westland & Clark, 2000) and, as such, the computer and information technology is deemed as critical in the survival of businesses in the global market economy (Whitworth et al., 2...   [tags: Telecommunication]

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Combating Unemployment

- Combating Unemployment “Of all the aspects of social misery, nothing is as heartbreaking as unemployment.” (Addams 1910) Unemployment has long been a headache macroeconomic issue for all the governments around the world and is defined as people in working age but without job for the past four weeks according to International Labor Organization. In late 2009 the number of people unemployed or willing to work reached highest 8.2% since 1997. These increases are not start with the recession but since 2005, (Boardman 2010:105)....   [tags: Economics, Unemployment Essays]

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Bubbling Economy

- In Barry Wood's Article “Buffett's silly talk about the US debt” he poses the question when the debt too much to handle and will it affect the US in similar ways as it has in Greece and other countries that defaulted. The main reason for the writing of this article was a statement made by Warren Buffett where he states “The United States is not going to have a debt crisis as long as we keep issuing our debts in our own currency. The only thing we have to worry about is the printing press and inflation.” which by economists and historical debt followers seemed to sound naïve and shortsighted from the comments on the subject provided within the article by Niall Ferguson, Allan Meltzer, and Ca...   [tags: Barry Wood, Economy, United States]

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Bubbling Economy

- In Barry Wood's Article “Buffett's silly talk about the US debt” he poses this question indirectly, that when the debt is too much to handle will it affect the US in similar ways as it has in Greece and other countries that defaulted on their loans. The main reason for the writing of this article was a statement made by Warren Buffett where he states “The United States is not going to have a debt crisis as long as we keep issuing our debts in our own currency. The only thing we have to worry about is the printing press and inflation.” which by economists and historical debt followers standards seemed to sound naïve and shortsighted from the comments on the subject provided within the article...   [tags: US Economy, Inflation]

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BMW Group

- 1. Introduction The purpose of this essay is to provide a complete analysis of BMW Group. First, some background information about the company will be provided for a better comprehension of this study. Next, BMW will be assessed from a microeconomic point of view: its demand curve, organisational structure, customers, suppliers, strengths, weaknesses and its operating environment. Then, this firm will be reviewed in context of its sector from a macroeconomic perspective and more specifically its market environment, followed by a PEST analysis of other external factors such as GDP, interest rate, cost of raw materials....   [tags: german manufacturer, enviornment]

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Capital Structure

- The trade-off theory and the pecking order theory suggest a negative relation between leverage and business risk. However, supported by literature [Bennet and Donelly (1993), Huang and Song (2003), Booth et al. (2001), and Deemosak et al. (2004)] the results presented display a strong and significant positive relation between them for all the measures of leverage. This relation can be justified by suggesting that risky firms will tend to use more debt since they cannot transfer wealth from bondholders to shareholders (Bennet and Donelly, 1993) or that firms with risky investments will use higher levels of debt (Huang and Song, 2003)....   [tags: Economy, The Trade-Off Theory]

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‘Ten Principles to Aid the Quest for Peace in the Middle East’ - Article Analysis

- Introduction The article, ‘Ten Principles to Aid the Quest for Peace in the Middle East’ was given by Jonathan Rietman in which he concentrated on key areas and issue that should be addressed to resolve the conflicts between Israel and Palestine. This article gives some assumptions and ten principles of negotiations that can be led a comprehensive settlement between these countries. By considering the issues of 11th September 2001, the government of United States of America has developed an international association to fight global terrorism....   [tags: Article Analysis ]

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The Power Struggle of the States and Federal Government in the United States

- To define the terminology of federalism to a simplistic way is the sharing of sovereignty between the national government and the local government. It is often described as the dual sovereignty of governments between the national and the local to exert power in the political system. In the US it is often been justified as one of the first to introduce federalism by the ‘founding fathers’ which were developed in order to escape from the overpowered central government. However, federalism in the United States is hitherto uncertain where the power lies in the contemporary political system....   [tags: federalism, government, USA, politics,]

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Proposed Plan to Aid the Foreclosure Crisis and Improve the American Economy

- Hard times lie ahead of us, and yet our best days are still to come. The purpose of the present paper is to elucidate the nature of the present foreclosure crisis, to examine its causes and to discuss possible recommendations for resolving an ever-growing rash of foreclosures, and to nurture a real, lasting recovery. Thousands of personal and family foreclosures are occurring every month as millions of people reorganize their lives. Countless banks have failed and continue to fail, albeit quietly as very few individuals in media are discussing the continued closures and takeovers....   [tags: economics, real estate]

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Inflation Targeting Monetary Policy in the UK in 1992-1997: Was It Successful?

- Increase in international economic integration necessitates countries to determine an appropriate monetary policy. It means the control of the money supply or interest rate by the monetary authority (Lipsey and Crystal, 2007). The main purpose of it is to provide the economic stability and growth. The mechanism that provides these changes in the monetary policy is called the monetary transmission mechanism (MTM). Therefore, the aim of this essay is to discuss and analyze the role of the MTM in solving macroeconomic problems....   [tags: Economics ]

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The Author’s Thesis in “Race Against Time” by Stephen Lewis

- The eight Millennium Development Goals proposed by the UN during the Millennium General Assembly of 2000 will not be reached in Africa by 2015 if international financial institutions such as the World Bank and the International Monetary Fund continue to impose unethical and punishing economic policies through the Structural Adjustment Program (SAPs) on the poor and undeveloped countries of Africa and if the wealthy old core countries continue to break promises and hesitate to donate enough financial aid to Africa to help it recover from the destructive effects of the SAPs and the AIDS pandemic, and to also ensure gender equality and rights of women in Africa....   [tags: Race Against Time, Stephen Lewis, ]

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Article Review: "U.S. Consumer Prices Held in Check in January"

- The economy has been turbulent over the last few years, to say the least. Nearly everyone has been affected in one way or another. The article entitled “U.S. Consumer Prices Held in Check in January” describes the current economic situation in the United States and even abroad. At one point in time deflation was among the many concerns on everyone’s mind, but the article states that deflationary worries can now be a thing of the past. In fact, consumer prices are now on the rise which can largely be tied to rising energy prices....   [tags: Article Review]

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The Australian Government’s Implementation of the Economic Stimulus Plan

- Inflation can be described as the sustained increase in the general level of prices over a given period of time, usually one year. Inflation can have negative effects on many of the key economic outcomes such as economic growth, exports, international competitiveness and income inequality. Inflation is measured in Australia by the Consumer Price Index (CPI); the CPI outlines the movement in the prices of a basket of goods and services that are weighted according to their importance for the average Australian household....   [tags: Economics]

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Propping: New Share Issues of Pakistani Business Group Firms

- Introduction In emerging market business groups could facilitate efficient allocation of capital and dominate economic activities (Bea, Kang, & Kim, 2002). Business groups consist of legally independent firms that may be interrelated by social ties and mostly owned by small group of shareholders called in many cases a family. In a pyramid, the ultimate owner uses indirect ownership to control large groups of companies because of chain of ownership in pyramid structure (Bertrand & Mullainathan, 2003)....   [tags: Business Management ]

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risk free Investments in the European and US Market

- To evaluate the investors’ income and to make the diversification of assets in portfolio better a number of researches with the help of the concepts of Harry Markowitz developed a capital asset pricing model (CAPM), which illustrates the connection between two major economic factors – risk and expected return. One of the significant aspects of this model is a risk-free rate, which represents the profit of the investor without the risk. However, currently there is no zero-risk asset with a return, and investors need to recognize a type of security where interest rate will be minimal....   [tags: Global Finance]

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The Market of Azerbaijan Republic: A Transition Economy

- The market of Azerbaijan Republic can be defined as emerging market in transition economy. There is almost no any directly related literature to Azerbaijan market that can be a good source to identify business strategies that must be pursued in this market. But because Azerbaijan market has all main features of other emerging markets, any literature relating to emerging markets or transition economies can be reviewed to provide companies with necessary insight about how can be successful in this market....   [tags: Economics ]

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New Forms of Energy and Attendant Costs

- Global warming and climate change has ascended to prominence in normative, political, and scientific domains in recent years. This salient and contested concept implicates citizens and officials across the globe – the ramifications of which pose immediate and future threats to mankind, natural resources, biodiversity, and environmental stability. Proponents of this theory support laws, regulations, emissions policies, and international protocols that seek to control the phenomenon and mitigate its effects....   [tags: Energy ]

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Research Proposal: Political Affiliation and Climate Change

- Global warming and climate change has ascended to prominence in normative, political, and scientific domains in recent years. The dangers of this salient yet contested concept implicate citizens and legislative officials across the globe, posing immediate and future threats to mankind, natural resources, biodiversity, and environmental stability. Proponents of the global warming theory support laws, regulations, emission standards, and international protocols that seek to control the phenomenon and mitigate its effects....   [tags: Global Warming Essays]

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International Economic Policy in Times of Crisis

- Governments face all kinds of crises every day, the approaches may be different but the goal is always the same—maintain stability. While, wars and crimes against humanity tend to take a toll on the population, infrastructure and terrain quite literally, financial crises can psychologically cripple a country. There’s something about a financial crisis that conjures a level of panic that could rival the outbreak of a deadly disease. Maybe this is caused by a lack of visible end, as it seems the light at the end of the tunnel is only made clear at the end of the crisis....   [tags: Economics]

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Thoughts on Game Theory in Economics

- According to Wikipedia, game theory is a branch of applies mathematics that is used in the social sciences (mostly economics). Game theory can also be defined as a theory of competition stated in terms of gains and losses among opposing players. Game theory tries to mathematically imprison behavior in strategic situations, in which a person’s success in making choices depends on the choices of others. Traditional application of this theory attempt find equilibrium in these games, in equilibrium....   [tags: Economics]

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Globalization: An Ideology of Western Elitists?

- Globalization, both as an ideology and process, has become the dominant political, economical and cultural force in the 21st century (Steger, 2002, 6). As a social and economic concept, globalization has its roots in neoliberalism which advocates: the primacy of economic growth, free trade to stimulate growth, a free market, individual choice, reduction of government regulation, and global social development based on a western model (Steger, 2002, 9). Although globalization is not a new concept, technological advancements in the last few decades have, for the first time in human history, allowed for real global production, transport and communication....   [tags: Neoliberal Philosophy]

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Economic Geography and Regional Development

- Introduction We observe, more often than not, large differences between the incomes of different regions within the same country. The same is observed even between towns within a state, districts within a city, areas within district and so on and so forth. While reasons for such differences are more obvious at national and sub national levels, they become more complex as and when we get to smaller and smaller zones. This has caught the attention of many in the past and has generated enormous amounts of literature....   [tags: Economics]

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Environmental Scanning

- Environmental Scanning Introduction In the following pages, discussion will take place on the construction industry, including a clear description of the industry and the business environment problem. This paper will be broken down into several parts starting with the introduction. Next key macroeconomic variables that affect the construction industry will be identified. The macroeconomic variables and the corresponding industry variables will be graphically represented for the last five years....   [tags: Business Construction Industry]

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Monetary Policy

- Monetary Policy Paper Introduction Fiscal and monetary policies focus on quickly returning the economy to sustainable, healthy growth. Any type of fiscal relief package will boost consumer and business spending and can augment the nation's long-term growth potential. Expansionary monetary policy can stimulate growth and provide insurance against the possibility of deflation. This paper will present information on four topics: (1) tools used by the Federal Reserve to control the money supply, (2) how these tools influence the money supply and in turn affect macroeconomic factors....   [tags: Economics]

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Solving the Foreclosure Crisis

- Imagine you spent the past ten years putting money into a savings account. One day, you went to the bank, and found out your life savings could only be paid out in Monopoly money. It sounds ridiculous, I know, but that’s essentially what has happened to homeowners across the nation. People have been making their mortgage payments in good faith that one day they’ll have equity they can draw upon … and then one day – poof. - it’s gone. As I looked at the foreclosure crisis from this perspective, I noticed an uncanny parallel to the phenomenon of hyperinflation....   [tags: Foreclosures,]

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Solving the Foreclosure Crisis

- Creating a system of open and honest communication and shared accountability between mortgage lenders and borrowers one to another is the first step in solving America's mortgage crisis. A realization that the microeconomic state of the individual borrower affects and is affected by the macroeconomic state of the economy must take place. Only by understanding microeconomic changes in real time and adjusting mortgages in response to those changes do the borrower stay informed and the lender abreast with their borrowers changing fiscal health....   [tags: Foreclosures, ]

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Foreclosure Crisis Management Plan

- For many people, the American dream represents owning a home, a place of warmth and sanctity in which to raise a family. This dream has evolved over time beyond the idyllic visions of the house with the white painted fence, dog, and two-point five children. It has become as simple as having a roof over one’s head to as grandiose as the multi-estate McMansions. Today, the dream of owning a home has turned into a nightmare as millions of Americans face foreclosure. Few words characterize the wide disparity between the vision and the brute realities....   [tags: Economics]

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Chronic Poverty in Nigeria

- INTRODUCTION In the global economy, issues of poverty has for some time been at the centre of developmental goal of nations. The poor nations are eager to come out of poverty; the rich nations are evolving welfare strategies to improve the quality of life of their people. Poverty has been defined in many ways by several scholars, but what seems to be a general consensus is that poverty is a multidimensional phenomenon. According to (Narayan and Petesch 2002) Poverty is regarded as lack of financial capability to obtain basic need of life such as food, cloth, shelter as well as lack of access to education, health care and security....   [tags: world poverty, global poverty]

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Government Intervention In Business

- At the beginning of the 20th century, the rise of monopolies forced governments to enact anti-trust legislations in order to maintain a free market. Since then, the amount of government intervention in business has grown exponentially. In recent times, fraud and moral hazard have caused a focus on corporate governance legislation. Regrettably, ethics cannot be legislated, and government intervention only hurts businesses which conduct themselves properly while doing nothing to mitigate new forms of unethically-designed financial engineering....   [tags: Business Administration]

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Openess Trade and Growth

- The economic growth story is as long as the history of economic thought. Since the early classics like Adam Smith, David Ricardo and Thomas Malthus studied the issue of growth or introduced fundamental concepts such as diminishing returns and their relationship with the accumulation of physical or human capital, the relationship between technological progress and labor specialization or focus competitive analysis tool dynamic equilibrium. As part of these theories appears arises that relationship between trade openness and economic growth is positive....   [tags: Economic Development, Trade Liberalization]

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The U.S. Automobile Industry

- The United States recession (which lead to a world recession), began in 1997 and significantly impacted the United States automobile industry during the recession period. The United States automobile industry is still reeling from the effects of the recession throughout the period of economic recovery that continues today. According to Chu and Su, “In this credit-driven recession, one of the hardest hit sectors was the automotive industry, along with the housing and financial markets. Chrysler and General Motors were pushed into bankruptcy; and 276,000 jobs in the automobile and parts industry were destroyed, a whopping 36 percent of the total employment in the sector”....   [tags: Economy, Recession]

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Taxation and Political Stability

- The proposed analysis: taxation and stability policy with a sample of 60 countries around the world during the period 2002 to 2008, helping to make distinctions between the political instability experienced but maintained high taxation, and those states with political stability but with a low taxation. The few variables that are used in the model, and its reduction to a two-way relationship is one of its merits, when compared with other models used in similar studies. The model also contains a simple explanation for a complex problem: measuring the taxing power and its relations with political stability, and vice versa, to measure political stability based on taxation....   [tags: Government, Politics, Tax Reform]

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Economic Effects Of Immigration In The Uk

- Economic Effects of Immigration in the UK Within the past ten years, immigration has tripled in the UK. The rising trend of immigration has led to a strongly negative perception towards foreigners within the British population. Economists have a more modest opinion on immigration; the economic impact of immigration seems crucial, but it would seem that it in fact only has a small effect on the domestic labor market. Furthermore, the Home Office has indirectly conceded that they have lost the general compendium over the number of incoming immigrants, creating objectives to manage immigration to the benefit of the UK....   [tags: Economics]

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Investment, Interest Rates and the Market

- Lagging Earnings, Interest Rates Make Year-End Rally Unlikely Many European fund managers aren’t going to find anything good this Christmas to be merry about. In most years, particularly lackluster ones, there seems to always be the year-end rally that puts the fund managers performance up to the standard. And makes the woes of the year’s financial problems on either side of the Atlantic a little easier to swallow. To be sure, this hasn't been a year for the books. The DJ Stoxx 50 has inched up a miserly 0.8%, and the DJ Stoxx index is down 0.5%, with European stocks largely stuck in a trading range since March....   [tags: essays research papers]

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Asian Financial Crisis

- The paradox of thrift is defined as “ a change in the amount household wish to save at each income leads to a change in equilibrium income, but no change in equilibrium saving, which must still equal planned investment” (Begg, Fisher, Dornbusch, 2009). Increase in savings is actually the consumption foregone by the consumer. Domestic saving increases investment in a country which fuel the economic growth. But could savings be a cause for the financial crisis in Asian countries. As told by Dr Zhou Xiaochuan, Governor of the People’s Bank of China, “ the East Asia countries are influenced by Confucianism, which value thrift, self-discipline, zhong yong or Middle Ground (low-key)...   [tags: International Finance ]

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The Credit Crunch

- In the late 2000’s what was known as the “Global Recession” or “The Credit Crunch” occurred. The only financial crisis comparable to the recent 2008 United State recession was the Great Depression, which occurred in the 1930’s. The financial crisis of the late 2000’s resulted in the downfall of the largest financial institutions as measured by market capitalization vales. The situation created the need for governments and regulators to bailout most banks and caused dramatic drops in stock market values around the world (Allen, 198)....   [tags: Economics]

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Offshore Outsourcing

- Abstract This paper will discuss offshore outsourcing and the effects it has on the American worker in a technology environment. We begin with the scope of the problem and how it has changed the economy for better and for worst. Various figures representing miscellaneous data about off shoring will be represented. The topics include the background and nature of offshore outsourcing, reasons for outsourcing, why trading promotes gain, current economic standing from outsourcing, and finally how outsourcing affects wages and employment....   [tags: Business Management, Globalization]

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Economic Performance

- The gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country’s economy and has been used by all countries for many years. It represents the total dollar value of all goods and services produced over a specific time period and expressed comparatively to the previous quarter or year. From this we can usually gather that the GDP is very important, however, it is imperative for one to understand that being such an old indicator, it can often be described to be deficient nowadays because of a lack of variables used in its calculation....   [tags: economy, GDP, welfare, income, expenditure]

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Financial Globalization

- Executive Summary During the past two decades, financial markets around the world have become increasingly interrelated. Financial globalization has brought considerable benefits to national economies and to investors, but it has also changed the structure of markets, creating new risks and challenges for market participants and policymakers. The international marketplace continues to present opportunities for companies. But change is constant and prudent so companies must work to minimize their risks while maximizing their opportunities....   [tags: Globalisation Essays]

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Industry Analysis

- In a previous article we described how to pick stocks based on a relative value approach within an industry. In this article we describe methods to screen for industries as opposed to the stocks within them. Many market practitioners stress the importance of industry analysis and maintain that however good the quality of a stock is, it is highly unlikely to outperform if the industry is performing poorly. Many of the ideas in this section have been taken from TV presenter and market practitioner, Jim Cramer....   [tags: Business Economy Industry]

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case analysis

- Case Analysis For the past two months our sales on copper fitting has almost doubled due to the increasing demand from the market and the competitors¡¦ unsuccessful selling promotion. However, the problem rises from the overwhelming demand. Many back orders are just piled up on the warehouse manager¡¦s desk, and some of the customers lost their patience with us. What we really need right now is to limit or reduce the abnormal demand from the customers by raising the price of our products, but to gain a reputation from our customers, we should consider completing all the backorders with a original price....   [tags: essays research papers]

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The Reasons Why Property Profession Has been so Poor at Judging Major Turning Points in Activity in Property Markets

- The Reasons Why Property Profession Has been so Poor at Judging Major Turning Points in Activity in Property Markets Property worldwide is noted for booms and slumps, and on occasion running to full blown crises with serious wider impacts. To understand why the property profession has been so poor at judging major turning points it is important to define what is meant by the property cycle: Property cycles are recurrent but irregular fluctuations on the rate of all-property total return, which are also apparent in many other indicators of property activity, but with varying leads and lags against the all-property cycle....   [tags: Papers]

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The Shift from Fordism to Post-Fordism and Possible Future Routes for Capitalist Organization

- The Shift from Fordism to Post-Fordism and Possible Future Routes for Capitalist Organization Capitalism continues to be a revolutionary form of social organization. Modes of production, the ordering of daily activities, and the material practices and processes of social reproduction have undergone numerous changes since capitalism’s inception. Mapping a history of capitalism’s different stages and forms – both social and institutional – would be an arduous task, complicated by the fact that in each of capitalism’s stages, features and characteristics of past and future stages abound....   [tags: Papers]

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The Extent and Location of Collective and Individual Bargaining in Britain and USA

- The Extent and Location of Collective and Individual Bargaining in Britain and USA Introduction The collective and individual bargaining systems that are in place in the United Kingdom (UK) and the United States of America (USA) have numerous similarities and differences. This essay concentrates on the extent and location of collective and individual bargaining in these two countries. Collective bargaining is the process whereby workers organise collectively and bargain with employers regarding the workplace....   [tags: Compare Contrast Bargaining]

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Free Trade: America Should NOT Protect Industries from Foreign Competition

- Free Trade: America Should NOT Protect Industries from Foreign Competition Many politicians oppose free international trade, trade without any restrictions, for a couple of reasons. From their point of view it would affect the United States in several ways: 1. Many USA workers would lose their jobs because factories would be moved to the country with whom the U.S. has a Free Trade Agreement, and where working force is much cheaper. 2. Importing foreign goods and services without tariff into the United States makes it harder for domestic industries to compete with lower prices and better quality of foreign competition....   [tags: GCSE Business Marketing Coursework]

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The World of Commercial Art and the International Art Market

- The World of Commercial Art and the International Art Market The main aims of this research are to acquire an understanding of the conditions of the art market and to develop a critical knowledge of the commercial art world and the relevant international market. The idea that the international art market is a regulator in the post academy art world has implications on the formation of prices and values in the art market, due to the macroeconomic reality, political and cultural changes of this period....   [tags: Visual Arts Paintings Art]

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Analysis of Australia’s Budget Between the years 2002 and 2003

- Analysis of Australia’s Budget Between the years 2002 and 2003 A budget is an estimate of Commonwealth revenue and expenditure for the forthcoming fiscal year. The Budget contains information on matters such as economic forecasts, the provision of G/S, the Government's social/political priorities and how the Government intends to attain these priorities. The main objectives of the federal government are to gain: § full employment of people 15-over who are willing and able to work § price stability - government attempting to maintain stable prices by controlling inflation rates § external balance - low current account deficit § economic growth - increasing...   [tags: Papers]

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Increasing The Supply Of Cost Effective Housing Products in Australia

- CONTENTS 1.0 The Australian Chamber of Commerce and Industry in Brief 3 2.0 The Housing Affordability Crisis 3 3.0 Scope of the Issue 3 4.0 Economic Context and Background 4 5.0 Key Factors 5 5.1 Property Taxation 5 5.2 Land Supply 5 5.3 Development Application 6 6.0 Summation 6 7.0 References 7 1.0 AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY IN BRIEF The Australian Chamber of Commerce and Industry is Australia’s largest and most enduring business association which has represented the interests of business for over 100 years....   [tags: Economics]

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