Results The housing policies and property laws in Dubai and Abu Dhabi are developed to protect the interests of the UAE citizens. The government housing policies oriented to the Arabs in Dubai and Abu Dhabi are citizen-friendly, and the citizens have the opportunity to choose among several developed housing programmes to participate in which are …
Confronted with intractably slow and bumpy global economic recovery which followed the 2007/08 global economic turmoil, most countries have recently been tempted to resort to undervaluing their currencies in order to gain a competitive edge over their rival economies. This practice when a country attempts to achieve a competitive stand by devaluing currency to favorably …
Introduction: The 2013 Concerns and the Wine Promotion Campaign According to the recent records, the English Wine Producers are going to promote their wine not only to the residents of the United Kingdom, but also to the tourists. Moreover, as soon as the company succeeds in its beginnings, it can be expected that the English …
The American Recovery and Reinvestment Act known as the Stimulus was signed by Barack Obama in 2009 in order to respond to the economic recession within the country and overcome the critical situation with the people’s unemployment. The vision of the act’s effectiveness depends on the position of the observer in relation to this or …
The great economic recession is a period marked by persistent decline in the economic growth of different countries across the globe with the Gross Domestic Product (GDP) contracting within a period that is not less than six months. The 2008-2010 great recession affected the global economy and it arose from the developed economies in the …
Background The design of the international monetary system at Bretton Woods involved the management of exchange rates by only the International Monetary Fund (IMF). Changes to this system were only permitted in the event that a nation was found to exhibit both internal and external imbalance in its exchange rate. The approval of these changes …
Introduction The growing social awareness and increased attention towards sustainability and the value of public goods have resulted in a profound shift of public consciousness. Private businesses are bound to comply with numerous laws and limit their participation in the economy, in order to reduce the potential harm caused to the nature and people and …
Public Goods and Negative Externalities: A Real-World Problem Essay (Article) Read More »
In this article, Daniel Michaels (2012) discusses the possible merger of two companies, namely European Aeronautic Defense & Space Co (EADS), and BAE Systems. In particular, the author argues that such partnership can be beneficial for each of these organizations since in this they will be able to overcome their strategic challenges. Moreover, it can …
The first major oil shock was experienced in the 1970s, immediately after the oil production peak in the United States of America (Ammann 219). The main reason for oil shocks was the peak production of oil as most experts in the oil industry say. The 12 member countries of OPEC formed the organization in September …
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Executive Summary South Africa is the leading economy in the African continent. It gained its independence in 1994 from the Dutch who had took over power from British government in 1910. The country is the focal of Africa. It was the first African nation to host FIFA World Cup in 2010. This country has the …
Introduction Thailand is a country in south Asia with a kingdom constitutional monarchy government. Geographically, it is one of the biggest countries and ranked 50th largest in the world. Its capital city is Bangkok and its main foreign exchange earner and flourishing sector is tourism. The three main problems in Thailand are environmental issues, child …
The United States of America currently faces several problems that make it impossible for the government to provide quality services to the citizens. Some of the major problems include “the lack of appropriate incentives to hold cost on food stamps, Medicare, Obama care, and entitlement programs (Williams, 2010)”. The complexity of these problems calls for …
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Economic Freedom This is the liberty to produce, engage in trade, and consume goods and services, without any influence from outside parties. These freedoms are devoid of use of force or coercion, deceit, fraud or theft. A major characteristic of this is the classic and libertarian traditional approaches that heap emphasis on free markets and …
Karl Marx made several contributions in the field of economics making him become one of the renowned economists. Among the many contributions he made, Marx developed the theory of surplus-value. He noted that this was the greatest contribution he had made in economic analysis. This theory gave Marx the ability to introduce the capitalist’s mode …
Unions are regarded as associations that bargains with other companies, enterprises and other relations on behalf of their members. They range from those trade unions that negotiate for the workers that perform certain work, to industrial unions that negotiates for workers who belong to a certain industry (Waterwal in Work para. 3). Although Labor unions …
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The work of Douglas B. Holt titled “Does Cultural Capital Structure American Consumption?” in the Journal of Consumer Research, Volume 25 (1), is meant to give an insight into the debate on the sociology of culture in regard to Pierre Bourdieu’s theory, which relates levels of cultural capital to consumption patterns, and its application on …
Unemployment is a state which occurs when a person of working age is actively searching for a gainful work because of lack of opportunity to offer skills in exchange for financial gain (Gitis par. 7). This means that unemployment occurs when able women and men are involved in searching for gainful job because they cannot …
At the beginning of the 20th century, the United States was one of the world’s leading and economically advanced countries. The US pace of growth was among the fastest as the volumes of production were large in the country. During the early 1920’s, the country’s position strengthened even more along with the development of the …
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Introduction It is apparent that people move from one place to another in search of better lives where utilities would be higher. Oftentimes, people move from rural areas to urban centers or from small cities to larger ones. These rural-urban and urban-urban migrations are influenced by the perceptions that larger cities have more benefits than …
Introduction It has been boldly predicted that the rise of income inequality in the United States of America will become one of the most complicated issues to resolve over the next ten to twenty years. According to the article by Sean McElwee, “the income share accruing to the top one percent increased from 9 percent …
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Introduction This paper investigates the influence of the global financial crisis (GFC) on world economies, scrutinizing the key financial indicators to do so. In addition, a case of a company is studied to evaluate the impact of GFC on a particular firm, and consider the capability of the firm to survive the crisis. The Impact …
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Key Factors Since the Central African Republic (CAR) gained independence in 1960, the state has been experiencing significant economic issues. At present, the economic progress of the state relies heavily on its mining and timber industries (“Central African Republic: Industry Profile”). Indeed, according to the recent reports, 650 thousand cubic meters of timber are exported …
Money laundering is a crime with an extensive history (Clevenger 53). Moreover, it tends to be interconnected with numerous cases of illicit activities. This type of criminal event has a serious impact on the economy of nonprofit organizations. It has been stated that frauds in nonprofit organizations are closely related to financial and nonfinancial activities …
Introduction The article entitled “International Money Laundering” written by Alani M. Mundie outlines the problem of financing various illicit activities on the global level. Mundie emphasizes the critical importance of money laundering operations in the human trafficking business that has become increasingly lucrative over recent years. The immense amount of human trafficking profits is integrated …
Global Financial Crisis The latest global financial crisis managed to restart a debate on the value of both the stakeholder as well as shareholder theories. Towards the end of the 20th century, an acceptable consensus had been reached within the Anglo-American business environment. It presupposed that corporations should be governed taking into consideration shareholder primacy. …
The Global Financial Crisis and Its Effect Report (Assessment) Read More »
Cuba GDP The analysis of the Cuban economy shows that the results of 2013 and 2016 differ considerably. In 2013, GDP growth was about 2.7%, which was below the official target (Vidal and Wener 3). Cuba’s GDP in 2013 was $77.15 billion. The same authors predicted that in 2016, GDP growth would be about 6.7% …
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Introduction Regardless of the economic state of affairs, unemployment is present in every country and is only differentiated by the unemployment rates in different countries. Unemployment is contingent on numerous factors, and this research is explicitly focused on these aspects. The evaluation of these aspects is crucial to the current research for the reason that …
Unemployment as a Local Economic Issue Report (Assessment) Read More »
Economic Challenges US Faced in the 1970s The economic situation in the US during the 1970s was connected with the Great Inflation that was observed from the middle of the 1960s till the beginning of the 1980s (Bordo & Orphanides, 2013). The inflation of that period was horrible due to high demand and low supply …
Introduction: The Need for Economic Growth and the Obstacles in the Way The economic growth rates have been rather shaky in Russia over the past few decades (see Fig. 1). The observed phenomenon can be attributed to the fact that the state has been recovering from the effects of the USSR collapse for quite long …
The national debt of the USA has already exceeded $19 trillion. It has steadily grown since the end of the World War II, and it is expected that it will reach $20,600,000 billion by 2019 (Patton par. 4). Economists agree that the country is yet to cross the point of no return, and the American …
Great Depression of the 1930s Great Depression is considered a term that describes those economic and psychological crises in the United States and some other European countries in the 1930s. The definition is commonly used for describing the events in the United States because the period of depression affected not only the financial systems but …
Economic Problems and Solution in the USA Report (Assessment) Read More »
The branch of economics, like any other sphere of life, has certain difficulties in functioning and realization. Sometimes people who are directly related to this sphere face problems that are difficult to solve. Based on the experience of conducted studies, it can be concluded that one of the basic problems of the modern economy is …
Economics: Limited Resources and Growing Human Needs Essay Read More »
Introduction The great recession has occurred twice and affected the world’s financial market. The first occurred in the 1930s and the second in 2007-2008. There are different and similar causes of recession in both periods. Different causes of recession on both periods The crash of the stock market was the main cause of the 1930s …
Abstract Nowadays, the situation in the oil market is the subject of the concerns for many countries, both, the importers and the exporters of oil. The decrease in oil prices may cause a world economic crisis. The purpose of this essay is to identify the reasons for this phenomenon and presuppose its effect on the …
Oil Prices Slump, Its Causes and Consequences Essay Read More »
A recession is a concept in macroeconomics, indicating abrupt slump of the rate of production over a long period (half a year or more). The process is characterized by zero or negative dynamics of the GDP (gross domestic product). Recession leads to a decline in business activity and the slowdown in economic development. Reduction of …
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Market failures in allocating resources The concept of market failure suggests that the ways in which particular resources are allocated are not efficient, and it leads to numerous complications (Sloman, Norris, & Garrett 2014). The situation is especially problematic in this area because the quality of social welfare is not sufficient. Stern insists that it …
Market Failures and Impact of Human Activities Report (Assessment) Read More »
Introduction The purpose of this paper is to describe and analyze the inequality of opportunity in the New York Stock Exchange with a goal of identifying the reasons behind the opportunity disparities between the rich and the poor in the concerned market. The research problem is that overtime the inequalities of the US are getting …
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Introduction: The Great Recession and the Financial Crisis A financial crisis is typically viewed as an integral part of economic development (Phillips and Nugent 22). As one stage in an economic cycle, such a crisis is essentially inevitable, yet its effect can be reduced significantly by developing a coherent prevention strategy and taking recent changes …
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Introduction Scarcity is the problem that the vast majority of citizens of practically every country in the world suffer from. Such issues as pressing needs, financial obstacles, and absence of support tend to have a substantial impact on one’s personal development and an overall way of living. The inability to concentrate on a particular task …
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The article “Can Europe Be Saved” written by Krugman begins by drawing the attention of the reader to the magnitude of the crisis which faced Europe. It defines the problems, elaborates on how the global financial meltdown affected every European citizen and then traces the origin of the crisis and why its impacts were so …
Introduction Principles and theories are developed for real-world applications. Economics is a complex mechanism utilized in all aspects of human society. Therefore, to find a proper implementation of theories, it is critical to analyze how the economic concept functions under socio-political policies and influences. Unemployment is considered a key indicator of national economic health as …
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Introduction Since 1982, the rate of unemployment in Spain has not fallen below 15%. However, the unemployment impact was felt when the rate hit 24% in 1994. The low rate of employment (between 16 and 64 years) is the most renowned characteristic of the Spanish economy as per the close of the Twentieth Century (Howell …
US Implemented Programs in Haiti The earthquake in Haiti claimed the lives of 200,000-250,000 people and over 1 million people were left homeless after a 7.3 magnitude earthquake ravaged the nation (White 2). About 2% of the population in Haiti was lost, the economic costs according to Inter-American Development Bank was estimated at $8.5 billion …
The Role of the US in Developing Haiti’s Economy Research Paper Read More »
Introduction It is not a secret that people need to work to control their lives. Some just require an opportunity to provide their families with the essentials while others are more focused on personal and professional development. Still, the majority of the population does need a working place to earn a living. Unfortunately, sometimes people …
Unemployment Insurance Extension in the US Essay Read More »
Mathew Higgins and Thomas Klitgaard explore the impact of heavy borrowing by countries within the Eurozone area before 2010. The authors observe that majority of the countries are suffering from a debt crisis. In this context, it is evident that a debt crisis is preceded by a loss of investor confidence. In most cases, private …
Euro Area Debt Crisis, Its Causes and Challenges Essay Read More »
There is hardly a person who is not disturbed by the events of the financial world. The series of the financial crises, which had taken place not so long ago, shook the society. What were the reasons for the events, which had affected the crises? Is it possible to find the solution and to avoid …
Financial Crisis in Ferguson’s “The Ascent of Money” Essay (Book Review) Read More »
The Extent to which the Global Financial Crisis (GFC) has challenged the shareholder-focused Concept of the Corporation O’Brien (2014a) argues that financial institutions exist not merely to advance the interests of shareholders, but also to serve the public. This statement holds true with respect to the recent GFC. As fear emerged that the big institutions …
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The financial crisis that occurred in 2007-2008 is frequently defined as one of the major financial events at the beginning of the 2000s. Wallison even compares it to the Great Depression of the 1930s and introduces it as the world’s worst financial crisis that could happen again (3). Some effects of the crisis are still …
Reasons and Consistency of the Financial Crisis 2007-2008 Report (Assessment) Read More »
Charles Ponzi was a swindler who implemented his fraud racket (later known as the original version of a Ponzi scheme) in the United States and Canada. In 1920, over a period of eight months, Ponzi was able to raise “$9.8 million from 10,550 people,” though the payout was only $7.8 million (Lewis 294). Using International …
Sustainability Initiatives as an Integral Part of the Contemporary Economic Environment The principle of sustainability is far from being new; however, it has firmly cemented itself in the context of the 21st-century economy and gained new shades of meaning. Departing from the traditional interpretation of sustainability is addressing purely environmental concerns, the contemporary notion thereof …
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