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Movements for Social Change in an Integrated Global...
Income inequality between the rich and the poor continues to be a significant concern in the United States, prompting national headlines and serious
political debate regarding governmental policy. Historically, economies based on capitalism tend to have a pro–business stance, implementing
pro–business policies to spur economic growth (Zinn, 2010). The typical role of the labor union has been to help improve economic equality between
workers and the companies that employ them; however, unions have also helped their members pursue political action and influence the electoral
process to achieve their aims as well (Hodson & Sullivan, 2008). Beyond unions, non–governmental organizations also pursue political action to
address broad social... Show more content on Helpwriting.net ...
For example, child labor produces goods in sweatshops located in developing countries; goods that make their way into the supply chains of major
multinational retailers (McDougall, 2008). In addition, when work moves to developing countries, there is an impact on the workers in developed
countries that lose their jobs to lower cost labor pools; namely costs that are transferred to the public sector like unemployment or retraining for
workers (Bibby, 2004). To more effectively deal with issues raised by multinationals operating in an integrated global economy, there are a growing
number of international labor organizations including UNI Global Union, a global union that represents 900 trade unions and 20 million workers
("UNI Global Union," 2011). There are several advantages in using a global, federated approach to labor unions, namely a larger pool of workers that
provide the basis for union influence, greater coordination on issues that span national boundaries and the resulting ability to influence the policy and
business decisions of large multinationals. The most significant disadvantage to a global, federated approach to unions is the increased scope and
complexity of problem that arises from the requirement to represent a large diverse constituency with diverse needs. For instance, in the case of
outsourced jobs, the recipients of new jobs may not
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Japan And Korea Economic Impact On Global Economy
INTRODUCTION
Japan and Korea are two of the strongest economies of Northeast Asia and have been very important players in global economy since the start of
globalization era. These two economies have major impact on global economy. Both the economies have experienced various external and internal
challenges. Therefore, it is important that we look at how these economies have been performing historically, more specifically since 1980s, so that
we could get an idea about who might be a more significant player in the global economy in the future.
History shows that both the economies have experienced high growth rates and crises and both the economies dealt with implementing various
policies. Both the countries responded to the crises in ... Show more content on Helpwriting.net ...
Japan government was under a huge pressure to recover the economy under a lot of pressure to improve the economy and was unwilling to force banks
to restructure their loans portfolio policy otherwise can result in the failure of major keiretsus.
Many critics consider that Japan's macroeconomic policies should have been more aggressive and steady. These policies should have been more
flexible in order to recover from great recession. Conventional measure shows that the fiscal and monetary policies of japan were expansionary.
These policies lowered the interest rates very rapidly. Caballero, Hoshi and Kashyap (2003) stressed on the zombie firm to explain why lower interest
rates and big budgets deficits have not emphasized the zombie firm explanation and explained why the low interest rates and big budget deficits have
not transformed the economy. The low interest rates had helped to keep the banks alive and boosted the aggregate demand to some extent due to deficit
spending. But none of these policies concentrated on closing the insolvent banks and getting rid of their zombie borrowers who were affecting the
economy. The government policies also upset the rehabilitation and restructuring. For example, the government permitted the poorest banks to carry on
to attract financing and supported the insolvent borrowers by constantly delaying the advance of the deposit insurance to limit its exposure (Hoshi and
Kashyap 2004). The regulators also choose not to strictly enforce
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Long-Term Effects of Global Tourism on Economy
Long–term effects of global tourism on economy
Tourism is the travel tour activities which provides travelers leisure facilities and service industry. And it is also a kind of leisure entertainment that has
complex social phenomenon, involves the politics, economy, culture, history, geography, law, and other social fields. Generally speaking, tourism has a
profound impact for the country.
Tourism gradually has become a prevalent activity all over the world. Compared to 2009, there were 1002 million international tourists in 2010, which
increased 6.6% over the last year.(UNWTO, 2011) And then, according to the the United Nations World Tourism Organization's (UNWTO) report, in
the first two months of 2011, the number of International ... Show more content on Helpwriting.net ...
The report said that there were 98 million people were employed directly in 2011 because of the tourism industry all around the world(WTTC(2),
2012). This might be the biggest benefit for the tourism industry and the local citizens. Furthermore, being employed means there will have the
opportunity to make money, not only for the industry but also for the people. In consequence, this will be a win–win situation, tourism helps local
establish the foundation of the economy, and the local government helps the tourism industry to win interest and prestige.
Long–term effects of global tourism on economy
However, there are some negative points of tourism. One of them is the seasonal employment in some places, and this will lead to the many people
facing the problem of unemployment outside of the peak tourist season. For example, this will occur in tourist attractions and resort towns, if an
attraction opens to the visitors, like skiing in Swiss in the winter. The skiing coaches will teach people how to go skiing, but once the snow melted,
they will lose their jobs and the staff as well. Furthermore, the impact of tourism on the environment is a significant issue as the climate change is most
troublesome problem. Over the years, the environmental pollution caused by tourism was almost out of control, such as deforestation and CO2
emissions from increased air travel, has already
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Solution to the Current Global Economy: Judaism and...
In the essay "Judaism and Economic Reform", Norman Solomon, a Jewish–American journalist, presents a compelling argument on the basis of the
need for economic reform while providing simple religious base solutions. While discussing two major economic problems that plague the world's
current economy, Solomon introduces the Jewish view of the global economy and their general view on economics as a whole. With this introduction to
the Jewish worldview of economics we as readers are able to transition into understanding Solomon's solutions of education & using Jewish law to
improve the current state of the global economy. Although Solomon's ideas of education and relying on Jewish law to improve the global economy
seem logical, Sallie McFague, ... Show more content on Helpwriting.net ...
Instead of focusing on the individual, "ecological economics invites us to picture ourselves not as isolated individuals but as housemates" (McFague
132). This model has two goals striving for sustainability and distributive justice which will allow for the earth's resources to be sustained for future
generations. McFague feels that the ecological economic system will provide an efficient system that will suit and support the needs of the world.
Likewise and the topic of this paper Solomon provides a thorough discussion of the problems of the present global economy. In his essay Solomon
provides three mind–wrenching questions that questions and supports his methods of economic reform. The first question of "is it possible to engage
in the pursuit of wealth without succumbing to greed and selfishness?" brings the topic of morality when it comes to wealth (108). Sallie McFague
brings an argument stating that human beings are people filled with emotions of self–interest and will do whatever it takes to become wealthy. In the
grand scheme of things this innate self–interest that is within people makes it extremely tough for countries to follow certain Jewish laws that he
provided. McFague's solution of moving towards an ecological economic system makes it tough on countries as well because it will force them to
forget about their self–interest and learn to understand that they are dependent upon each other. McFague states, "ecological economics claims we
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The United States Economy As The Global Economy
From 2010 until the end of 2014 oil prices remained relatively constant. With very little fluctuation over these four years, the average price per
barrel of oil was around 110 dollars. That price has been more than cut in half within the past year. The price for United States crude oil is now just
48 dollars a barrel, the lowest it has been since 2009 (BBC News). So what is the cause for this sudden change and to what effect will this have on the
United States' economy as well as the global economy? There are three core contributors that account for this sudden dip in oil prices. These
contributors are a low demand for oil in many countries, specifically Europe, that is caused by a lack of economic growth, the increase in The United
States' oil production, and The Organization of the Petroleum Exporting Countries (OPEC) increase in oil production. With many of Europe's
economically struggling countries the increase in production of oil which in return yields lower prices has benefitted them. Europe's weak
economy is able to contribute to this drop in oil prices in that Europe's currently low inflation rate and weak economy has greatly lessened the
demand for oil. The lack of demand for oil in one of the most prominent import continents in the world has forced oil manufactures to lower their
prices in order to retain Europe as a top oil export. Large oil exporters do not want to lose Europe as an export because that would also mean losing
billions of dollars per year.
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The Effects Of Global Warming On The Health Of Humans And...
Global warming is one of the largest environmental problems of the time, and this naturally occurring phenomenon intensified by pollution has become
a threat to the health of humans and wildlife, communities, and economies around the world. Normal greenhouses gases (GHGs) present in the
atmosphere include carbon dioxide, water vapor, and nitrous oxide. These gases prohibit too much infrared radiation from reflecting back into space;
hence, they trap this energy in the atmosphere to create a constant temperature for Earth. Therefore, the term "greenhouse" describes how these gases
surround and regulate the Earth's temperature like a greenhouse or glasshouse for plants. In addition to the natural atmospheric gases, humans have
artificially created an additional GHG composed of chlorofluorocarbons (CFCs) which are non–flammable chemicals are composed of chlorine,
fluorine, and carbon found in refrigerant and aerosol products. Humans are not only constructing new GHGs but also dramatically increasing the
amount of the natural gases such as carbon dioxide. Combing the emissions directly from the tailpipe to the extraction and production of fuel, the
transportation sector is responsible for 30% of the United States' emissions of carbon dioxide and other global warming gases. The human population is
increasing and becoming more dependent on fossil fuels particularly for fuel, yet the burning of fossil fuels cause an increase of two to three parts per
million in carbon dioxide
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The Global Economy As A Positive Sum Game
From a liberalist perspective, one views the global economy as a positive–sum game. This means that everyone stands to gain from cooperation. In
essence, the positive–sum perspective views the global economy as going from a smaller pie to a larger pie. Regardless of what percentage of the pie
each actor receives, cooperation still increases each actors "piece of the pie." Through cooperation, liberalists point out, actors greatly benefit. The
positive–sum perspective in the global economy can be observed through trade. Whether a state has a comparative advantage in one good, or absolute
advantages in multiple goods, trade is beneficial. There is not a finite amount of wealth in the world. Rather, if states trade between themselves, they
will both help and benefit each other. The diffusion of technology and innovation between states also contributes to the well–being of the global
economy and global population in general. Trade also leads to competition, a driving force in increasing the "pie." Although competition with foreign
producers might be perceived as a bad thing, it actually facilitates economic growth in the world. Competition forces producers to constantly update and
improve their products. Without competition, a state becomes stagnant and simply stays at the status quo for years to come. Thus, competition helps
the global economy evolve with new ideas and innovations. The instrumental role of competition and trade can be seen when comparing the fate of
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The Global Economy
Without the internet, it may be fair to say that the global economy we know of today would conceivably collapse. Where the internet makes it easy to
order products and supplies for consumers and retailers all over the world that convenience would obviously be lost if the internet would cease to exist
and import and export markets throughout the globe would surely crumble. Some may see this view as a dramatic interpretation, but just thinking
about all of the products and services that are managed by the use of the internet today, it really sheds light on how dependent the world actually is on
it. 3.Contrast differentiation and low cost strategies (noting that many firms use a mixture of both). What characteristics of an industry, firm, product
and/or customers might tend to encourage a firm to employ a differentiation strategy? What are some of the dangers or commonly made mistakes of
using this strategy? Similarly, what characteristics of an industry, firm, product and/or customers might tend to encourage a firm to employ a low cost
strategy and what are some of the dangers or commonly made mistakes of using that strategy? Which (or which mixture) does your firm use and why?
Which strengths is it drawing upon and/or which competitor weakness is it attacking? How does the nature of the industry – its products or services, its
relevant driving forces, etc. – tend to encourage the use of a particular strategy, if at all? Firstly it is important to differentiate
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Climate Change And The Global Economy
As climate change continues to insist on the impending destabilization of the global economy, climate change is observed from a multitude of angles
that identify threats to sustainable development. The corollaries generated by climate change are regularly interlinked, insinuating exponential
exacerbation for the issues at hand.
Nonetheless, prompt action can yield positive results in the overlapping constituencies.
As one of the most pressing issues of our time, it is of paramount necessity to speculate what policies are in place to enforce the mitigation of climate
change. What has been done ? What can we continue to do – and to what effectiveness ?
With the "figure – ground" reversal and the perpetual shifts that have followed, Earth has emerged as a human "work of art". Human beings were the
creations of the Earth and we are beginning to take over that role partly because of our increasing power over parts of the biosphere, our ability to
affect natural systems, but more significantly because now that we can grasp the Earth in our mind's eye, we increasingly see that we have it in our
grasp (UofT, 1993, pg. 1). The encroachment and appropriation of natural resources have contravened with the natural state of the planet, to the extent
in which Greenhouse Gas (GHG) emissions have drastically weakened our atmosphere.
The Kyoto protocol is an international agreement linked to the United Nations
Framework Convention of Climate change, which commits
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How Does Ebola Affect Global Economy
The Global Economy is concerned with The health of many people in different countries. The Global Economy is concerned with The diseases of
people. The Global Economy is concerned the way people eat food. The standards of living in different countries are different.
One disease that occurred was Ebola I had spread to two people. . A hospital was needed to help each person. Ebola is caused by primates . Ebola is
caused by The Ebola Virus. This is how Ebola Virus can have an affect on GlobalEconomy.
The Global Economy is affected by Diabetes. Many people.have Diabetes. Diabetes can be prevented by medication.There are two types of Diabetes.
This is how Diabetes can have an affect on Global Econo my.High Blood Pressure can have
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Summary: What Impact Does Brazil Have On The Global Economy
What impact does Brazil have on the global economy?
World has interdependent economic structure. In order to show any significant impact on global stage, a country should top in exports/imports like
USA, China, Japan. Other countries like Russia and India could make some sense in the pie chart due to their oil resources and internal consumption
markets respectively.
Brazil's rise in the global news can be accredited to the internal political hangouts and the perceptions we have on it being a BRIC nation.
According to the World Fact book of the CIA (http://tinyurl.com/c8msbuw), the leading merchandise exporters in 2014 were China ($1.58 trillion, or 10
percent of world exports), the United States ($1.28 trillion, or 8 percent), Germany ($1.27 trillion, or 8 percent) and Japan ($770 billion, or 5
percent). Brazil ($202 billion, or 1.3 percent of world exports) ranked 22nd in that list, behind Mexico and Australia. The United States ($1.97
trillion, or 13 percent of world imports) is also the top merchandise importer, followed by China ($1.40 trillion, or 9 percent), Germany ($1.07 trillion,
or 7 percent), Japan ($693 billion, or 4.5 percent). Brazil ($191 billion, or 1.2 percent of world imports) ranks only 20th. ... Show more content on
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Brazilian Companies like JBS Beef, Ambev, Petrobas are global leaders in their domain. Exports like regional jets, sugar, juice, ethanol, Iron ore––are
top in their ranks. But the country's politics with chaotic tax regime break their bones
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Who Are The Most Important Actors Of The Global Political...
Who are the most important actors in the global political economy and Why?
Ipe is about culture and society as well
In all spheres and society is also a
Unequal relationship of society is basis of
Introduction/thesis statements:
Global Political Economy is essentially a study of a political battle between the winners and losers of global economic exchange. In fact,
understanding global economy relies on a clear knowledge of the process of political competition. Political power possessed by actors regulates
economic activity and in turn this creates the basis for and affects political power. Through, critical analysis of the concept of global political economy
it becomes clear that there are three prominent theories that form GPE, mercantilism, economic liberalism and Marxism.
At this point in time, the main actors in the international system are nation–states seeking an agenda of their own based on personal gain and national
interest. Significantly, the most important actor is the United States, a liberal international economy, appointed its power after the interwar period
becoming the dominant economy and in turn attained the position of hegemonic stability in the international system. The reason why the United States
is dominating is imbedded in their intrinsic desire to continuously strive for their own national interest both political and economic. Further, there are
other nature of actors that are not just nation–states, including non–states or transnational,
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Innovation And The Global Economy
Innovation can be expressed as the application of new ideas to the processes and products and all the productive activities of an entity that can result
to increased productivity and value. The new idea that alters how products and services are offered has the potential of bringing benefit to all the
stakeholders within an enterprise. It is erroneous to assert that there is a correlation between the rising level of unemployment in the global economy
with innovation and technology. A single gadget that can perform work that can be done by a group of individuals, but the benefit of innovation far
outweighs the few changes in operations that lead to reemployment and loss of jobs (Andersen 160). In a global economy innovation has been a key
factor that enabled companies to maintain their competitive edge, increase and improve production and operation processes and generate adequate
profits to remain in business. Scholarly study and historical analysis have succinctly revealed that there is no connection between innovation and
unemployment (Barro 105). Innovation plays a big role in increasing productivity and in the longterm it creates wealth. In economic, this wealth can be
reallocated to other sectors and firms to generate demand for labor for job seekers. It is imperative to recognize that the savings that crop up through
the application of new technology flows back to the economy directly or indirectly, helping generate more opportunities. Innovation enables firms to
lower
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Greece 's Economic Impact On The Global Economy
Developed–market economies have been improving incrementally. After going through a soft patch in the first quarter, the U.S. has regained its
momentum in job creation, although the quality of those jobs is open to debate. Europe has turned a corner, with GDP expanding modestly and
deflation subsiding. Japan is also experiencing a notable uptick in economic activity. Emerging markets, on the other hand, are going through what
the World Bank has called a "structural slowdown." This is likely to last for years as a result of a variety of factors including lower commodity prices
and a falloff in global trade following the global financial crisis. India appears to be one of the few exceptions, with a first–quarter growth rate that has
exceeded... Show more content on Helpwriting.net ...
A prolonged bear market could slow it further, and that would affect the globaleconomy negatively. While we are in the midst of a recovery, it remains
in the context of a high–risk, slow–growth world. Government debt as a percentage of GDP has risen substantially since the financial crisis and is
acting as a drag on economies. Ultimately, growth in real GDP depends on growth in the workforce and growth in productivity; neither appears
promising. Given that backdrop, the portfolio remains invested in companies that have proven that they can grow their free cash flow, even in a tepid
economic environment, and have a disciplined approach to allocating cash that will create value for shareholders.
Positioning
Epoch's highest conviction ideas continue to be centered on companies where they have a significant degree of confidence in the business and identify
'quality visible growth.' Epoch remains focused on companies with strong cash flows supported by secular growth – in areas such as,
productivity–enhancing technology and companies which will benefit from the proliferation of smart devices (the "internet of things"); commercial
aerospace which will benefit from visible growth in emerging markets and a robust replacement cycle in developed markets; financial companies with
improved capital positions and greater cash flow visibility; and companies which will
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Company : The Global Economy
COMPANY'S POSITION IN THE EVOLVED GLOBAL ECONOMY
Since the company's commencement in 1969, the multinational cooperation has always aimed to be a market leader. To achieve this, they have not
stuck to one particular field to enhance their business, but into virtually all sectors of business so as to maximise on market opportunities and bring out
top class results. With the widespread phenomenon of globalization, the company has been at par with all other leading Australian as well as
international Multi National Cooperation's in a significant and successful manner. They have rapidly invested and purchased assets in various
companies from around the globe. "MACQUARIE Group has won the race to buy a $1.5 billion portfolio of mortgages from ... Show more content on
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Net operating income fell 4 per cent to A$6.7bn.Shares in Macquarie rose 10.9 per cent to A$43.11 yesterday, extending gains this year to 23 per
cent." (The Financial Times, 2013). Not only has the company acquired companies or investment opportunities, they have also hired personnel who
would help the company reach its targets in the most efficient manner. The global economics today looks at integration into other markets by acquiring
resources from other organizations be it human resources, physical resources, intellectual resources. "Australia 's Macquarie Group has hired veteran
media banker Fehmi Zeko to run its U.S. media and telecommunications banking business, part of the financial institution 's ongoing push to widen its
U.S. footprint. Mr. Zeko, 52 years old, joins the firm from Foros Group, a boutique investment bank he helped start in 2009. He will be based in New
York, and help build Macquarie 's U.S. advisory and capital–markets business. Mr. Zeko said he was excited about the global opportunity Macquarie
presents." (Wall Street Journal, 2011.)
In India the company has made significant volumes of investment in the form of capital or in the form of mergers with Indian banks. They have
invested heavily in the banking sector and hold a strong position in the Indian market. "Macquarie SBI Infrastructure Fund (MSIF) and SBI Macquarie
Infrastructure Trust (SMIT) have agreed to invest $150 million
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Economic Inequality Within The Global Economy
Economic inequality can be defined by the unequal access to economic resources, in the form of opportunities, wealth, capital, land, etc., which
determine the individual's or the group's level of power. Generally speaking, individuals and groups with high access to resources have high levels of
vertical and horizontal power, which in it turn generate more access to resources and power. The unequal access to economic resources is
institutionalized within a society. Thus, economic inequality has far reaching effects and manifestations in other social and political institutions. In
addition, with increasing role of global economy on national economies, and the increasing inequality in the global market, which is reflecting on
increasing inequality in it turn increases inequality within nations. Thus, the interest among political economists has increased in an effort to
understand stratification and to create policies which aim to elevate economic inequality globally and nationally.
I will argue that the capitalist economic system is inherently unequal. Farther more, it thrives on creating highly level of economic inequality, where
resources and capital is concentrated in the hands of the economic elite, while the rest of the population service to provide cheap labor (specialized on
non–specialized) which increase economic, social, and political inequality in a society. For that reason, I don't believe that economic policies can end
inequality globally or national (short from
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Globalization And The Global Economy
For many of the world's population, the growing integration of the global economy has provided the opportunity for substantial income growth. This is
reflected not only in higher incomes, but also in the improved availability of better quality and increasingly differentiated final products. However, at
the same time, globalization has had its dark side. There has been an increasing tendency towards growing equalization within and between countries
and a stubborn incidence in the absolute levels of poverty, not just in poor countries. These positive and negative attributes of globalization have been
experienced at a number of different levels – the individual, the household, the firm, the town, the region, the sector and the nation. The distributional
pattern emerging in recent decades of globalization is thus simultaneously heterogeneous and complex. If those who had lost from globalization had
been confined to the non–participants, the policy implications would be clear – take every step to be an active participant in global production and
trade. However, the challenge is much more daunting than this, since the losers include many of those who have participated actively in the process of
global integration. Hence, there is a need to manage the mode of insertion into the global economy, to ensure that incomes are not reduced or further
polarized. Many factors associated with globalization will affect the distribution returns. For example, macro–economic disturbances
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Global Recession on Morocco's Economy
TOPIC
a) Analyse the effects of the global recession on Morocco's economy. b) Discuss what action Morocco has taken to reduce the adverse effects of the
downturn c) In your view, does the downturn offer any positive opportunities for Morocco?
Table of contents
Introduction4
1. The effects of the global recession on Morocco's economy5
1–1 The impact of the international financial crisis on Moroccan financial economy5 1–2 – The Moroccan economy facing crisis6
2. Actions taken to reduce the adverse effects of the downturn by Morocco7
3. Does the downturn offer any positive opportunities for Morocco?9
Conclusion11
References12
Introduction
The international financial crisis has largely been ... Show more content on Helpwriting.net ...
"Some foreign investors in the place could liquidate their position if they are affected by the crisis. But none of this has been reached, "said the
director of Project Financing in BMCE Abdellatif Nasserdine.
The only impacts that the crisis could have on the place of Casablanca are psychological. The mistrust that has plagued the world in relation to real
estate assets could be extended to Moroccan operators. Several reasons explain the remoteness of the international crisis in the Moroccan stock
exchange
Moreover, the Moroccan banking system is composed of mainly Moroccan–owned banks (BMCE, BCP, AttijariwafaBank) which control 70% of
Morocco's banking market, and majority foreign–owned banks (SGMB, Credit Du Maroc, BMCI) that share 30% of the Moroccan banking market.
Recall that BNP Paribas owns 63% capital in BMCI, Societe Generale control with 51% of the SGMB and Credit Lyonnais has majority in CrГ©dit
du Maroc with 52% of capital. Yet according to the financial press, many French banks are affected by the crisis:
– The Societe Generale has not yet digested the loss of 5 billion of EURO attributed to its trader. Its shares have lost 50% of their value.
– The CrГ©dit Agricole difficulties through its Calyon business bank wich will cut 500 jobs.
In Morocco, the economy is rather well behaved throughout the years 2008 and 2009, the greater control
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The Impact Of Service And Knowledged Based Economy And...
Worldbank (n.d.) states, "Everything that grows also changes its structure. Just as a growing tree constantly changes the shape, size, and configuration
of its branches, a growing economy changes the proportions and interrelations among its basic sectors– agriculture. Industry, and services and between
other sectors–rural and urban, public and private, domestic– and export–orientated (para. 1) Hodson & Sullivan present that (2008) "A post–industrial
society is based on services. Hence, it is a game between persons. What counts is not raw muscle power, or energy, but information" (Bell, 1976, p.
127). The essay will explain the work in modern America, including the positive and negative aspects of the service and knowledged–based economy
and Americas place in the global economy. Discuss the interconnectedness of immigration,globalization, democracy, and corporate power, and how the
changes in the workplace, and increasing service orientation of the economy has affected my life.
Service Economy
The new service economy has positive and negative aspects. The United States labor was once based on agriculture, then manufacturing and has now
turned into an economy based on services (Hodson & Sullivan, 2008). Over the years, Americans have gained more capital and with that capital
services such as education, health and entertainment have increased. (Worldbank, n.d.) Because service jobs are not based on the use of machines like
manufacturing, jobs are continuing to grow in the
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Cuases and Effects of Global Warming on World Economy
As one of the urgent issues of human existence during the coming 50 years, global warming has become a widespread concern among the world
community. Global warming can be defined as the abnormal increase of the average temperature on the surface of the earth. According to statistics,
average temperatures have been increased by 1.4 degrees Fahrenheit (0.8 degree Celsius) around the world since 1880 (National Geographic News,
2007). This eassy will outline the causes and illustrate the effects on economies around the world with a series of evidence and data. To begin with,
two main causes of the climate change will be outlined, which are believed to be the result from natural phenomenon, and human activities.
Some of the natural ... Show more content on Helpwriting.net ...
For developing countries with a weaker economic foundation, it is not only a chance but also a risk.
Moreover, the climate change also has an effect on the energy supply. The original energy sources used for production and living, such as wood and
coal, release a great amount of greenhouse gases when it is being burnt, and inevitably cause the aggravation of the climate. In roder to avoid this from
continuing, new energy sources are explored and start to being used. Known as a kind of clean–air energy, the nuclear energy has greater value than
any kinds of fossil fuels. This type of power could still produce electricity constantly with less fuel and less pollution to the air when the original
comburant eroding the earth (Parker, 2009). With the development of energy technology, it is believed that the new energy which isless harmful to the
earth will make great contribution to humans.
Finally, the government plays an important role in protecting the climate. To prevent the climate from further change, every country has committed to
environmental protection and invested a huge amount of money. From 1990 to 2005, the government in each country with per capita GDP has
invested over 4600$ in reforestation in order to slow down climate change (Reuters, 2006). On the other hand, in Europe, the government gets economic
benefits from the
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“Explain and Concept of †Peak Oil’, and Outline the...
"Explain and concept of 'peak oil', and outline the possible consequences of peak oil for the global economy"
The theory of 'peak oil' refers to the inevitable peaking and consequent decline in the amount of oil produced in any nation throughout the world. The
term 'peak oil' usually refers to the time when the maximum rate of global petroleum extraction is reached after which a terminal decline in the rate of
production occurs (Heinberg, R. 2003, pg. 97–98). There is an ongoing debate about when peak oil will occur; some economists deem it to be decades
away, while others believe it has come to pass all ready (Strahan, P. 2007, pg. 202). As the world is so reliant on this finite resource it is a crucial
problem that needs to be ... Show more content on Helpwriting.net ...
As the price of oil continues to rise it will spur a great demand for alternate energy sources to be discovered. Coal and liquefied gas a feasible
substitutions for oil, however they can only be used provisionally as they are both finite resources as well. The ever–increasing price for oil has the
potential to mitigate global warming as the harmful emission from fossil fuel usage promotes newer cleaner alternatives to be sourced. This is not
the solution for climate change, however it will aid in decelerating global warming for a period of time. Means of transportation would be cut
down too much simpler methods, such as walking or riding a bicycle. (Sharpe, S. & Tranter, P. 2010 pg. 290). Both of these methods of
transport needs exertion of energy and can aid in improving ones fitness and a change to a healthier lifestyle. This is a step forward in tackling the
global obesity epidemic. With the decline in the number of personal motor vehicles on the roads, urban areas can therefore be seen as not only
environmentally friendly but child friendly as well (Tranter, P. & Sharpe, S 2007).
It is evident that the global economy is extremely dependent on oil, and the concept of peak oil will have a severe effect on civilization and the way
in which our society functions. Food production and transportation are a vital part of our economy and are taken for granted in today's society.
However, without oil it will see these areas
... Get more on HelpWriting.net ...
Social Policy Within The Global Economy
When discussing social policy within the current global economy, it's quite impossible to ignore the effects of globalisation on nation states but also in
the overall global economy in relation to poverty, environmental changes, trade, culture etc. Globalisation is a highly contested term due to its broad
definition which causes confusion as to what it actually means (Gills, 2002; Higgot, 1999). Yeates (2002) refers to globalisation as the loosening of
boundaries of things such as trade, labour and migration and further goes on to speak of 'strong' globalisation to indicate the intensity and inevitable
nature especially in relation to the constraints globalisation poses on national governments and the policy making process. Events such as ... Show more
content on Helpwriting.net ...
There will also be a heavy focus on transnational corporations as they are seen as one of the most important actors in shaping social policy. It is
important to remember that globalisation in not only about economic effects but it can also be discussed in relation to political globalisation and how
political decisions have shifted due to upwards to the European Union and beyond also cultural globalisation that has seen the 'Mcdonalization' of
traditional culture into the international culture of consumerism (Ritzer,1993).
Ginsburg (2001) looked as social policy within Ireland and the UK and argues that changes that have occurred within the nation state have been due to
neo–liberal hegemony. During the 1980's under the Margaret Thatcher administration there was an adaptation of neo–liberalism as restraints were put
on social expenditure, taxation of individuals and corporations and there was an increase in the flexibility of labour markets as the markets are seen as
wealth creating mechanisms (Ginsburg, 2001; Cerny and Evans, 2004). The intensification of neo–liberal globalisation has left governments trying to
find a balance between competing with demands of economic globalisation whilst also considering the possible economic and
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Effects Of The Global Warming On The World Economy
Since the dawn of civilization, mankind has sought to transform, control, and dominate the earth, so as to profit from its fruits. Now, thousands of
years later, it has come to light that humans may be solely responsible for irreversible damage done to the earth and a march for justice and reparation
has ensued. As a member of the EU and a major contributor to the world economy, France has seen considerable distress from the effects of climate
change, economically, socially and environmentally and has pledged to alleviate the strains of climate change placed on the world. Over the past
decade, France has faced several challenges, stemming directly from climate change. Recent reports show that the Chartreuse Mountains has seen a 50%
... Show more content on Helpwriting.net ...
To say the least, the environmental impact of climate change at its current rate would disastrous. Perhaps even more dangerous, however, are the
economic implications of such environmental change. Wine is France's second biggest crop, generating around 9 billion Euros and is their
number one export (Greenpeace, 2009). Furthermore, the wine sector represents almost 200,000 jobs. Increased temperatures due to climate
change would prove to be catastrophic. For example, in 2003, a heat wave hit Burgundy, causing wine production to fall in over 30%
(Greenpeace, 2009). This kind of destructive heat could become a norm if current trends are not reversed. Beyond heat, climate change also poses
risks such a new diseases, increased erosion and flooding and rotting of grapes due to increased CO2. These factors would subsequently destroy
one of France's largest economic sectors and exports. France also fears that climate change could severely handicap their tourism sector, which
makes up 6% of their GDP (Reuters, 2009). As sea levels rise, coastal erosion will become an increasing problem. Currently, coastal erosion affects
20% of France's tourist area (Reuters, 2009). Furthermore, as the Alps see a decrease in snow, winter resorts will suffer a great loss of revenue.
Currently, France is the world's #1 most popular tourist destination by number of visitors, but as climate change continues to transform their climate,
officials say that it will be
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Essay on The Global Economy and the Stages of Recovery
The global economy and the stages of recovery:
As is known, there has been a decline in global GPD growth rates during the last two years due to the global financial crisis which began in August
2007; it is considered one of the most serious crises experienced by the global economy since World War II. According to the latest update to the
World Economic Outlook by the International Monetary Fund (January 26, 2010), global GDP growth fell from 5% p.a. in 2007 to 3.2% in 2008,
dropping to –.08% by 2009.
According to the report, the world economy has begun to expand again, and there have been improvements in financial conditions. It is a significant
improvement, but it will still take time to return to where it was in the past. ... Show more content on Helpwriting.net ...
As can be seen in the capital markets indexes, the indicators fell sharply throughout the world without exception. This decline led to a loss of
confidence among investors.
Currently, the capital markets passed their nadir in the beginning of 2009 and the market has started recovering from all–time lows. In addition,
investor confidence has improved, while economies remain weak, although growth is expected. The majority have in fact returned to growth, albeit
only showing a slight rise.
Experts are split into two camps: the optimistic and the pessimistic, with some experts expecting a return of the recession while others anticipate
recovery.(Revisiting the global crisis,2009)
This table below shows the performance for some capital markets indices over the past three years according to CNBC: 20072008Change
(%)2009Change (%)
DOW JONES INDU AVERAGE NDX13,246.538,776.39
–33.75%10,428.0518.82%
NASDAQ NMS COMPOSITE2,652.281,577.05–40.54%2,269.1543.89%
S&P 500 1,435.65903.25–37.08%1,115.1023.45%
FTSE 1006,456.904,434.17–31.33%5,412.8822.07%
DAX8,067.324,810.20–40.37%5,957.4323.85%
CAC 405,614.083,217.97–42.68%3,936.3322.32%
HANG SENG INDEX27,812.6514,387.48–48.27%21,872.5052.02%
NIKKEI 225 15,307.788,859.56–42.12%10,546.4419.04%
SHANGHAI SE COMPOSITE INDEX5,261.561,820.81–65.39%3,277.1479.98%
Saudi Arabia
The Saudi economy in 2010:
A great number of reports expect an
... Get more on HelpWriting.net ...
Economic Globalization And The Global Economy
Since the development of the Internet and other communication sharing technology, the push for free trade agreements, and the sustaining of a
prolonged period of international peace, globalization has rapidly taken over political discourse and dealings. The emphasis, in recent decades, has
been towards economic globalization with the push for international stock exchanges, and the development of the International Monetary Fund (IMF),
the World Bank, and theWorld Trade Organization(WTO). Economic globalization is the development of an interdependent and integrated global
economy of independent nation's economies. It occurs through the development of cross–border movement of technology, capital, labour, services, and
products. Economic globalization is a product of neo–liberal capitalist market values. The capitalist global economy has lead to an apparent improved
global market however the burden of the economic nature of globalization has developed into a dilemma of environmental and ecological destruction.
Economic globalization has increased consumption and consumerism, continued the domination of neo–colonialism through eco–imperialism, and
dictated the discourse surrounding international environmental protocol and treaties.
Economic globalization has rapidly increased world consumption and consumer patterns. With these increases comes the development of more landfills
to sustain increased waste, increased transportation of goods and services, and the increased
... Get more on HelpWriting.net ...
Impacts on Global Economy
Impact of Housing Market Crash
"The Impact of housing Market Crash on Global Economy"
The housing market in the United States became a nightmare for many people who had taken out loans found and they were not able to pay their
mortgage repayments. When the value of homes decreased, the borrowers realized themselves with negative capital. The negative movement of
housing sector did effect the United States economy. Individual house owners and investors could not react to the situation and their properties lost
value. Rates of mortgages increased extremely high that's why mortgages no longer became affordable for many people, and thousands of mortgages
defaulted. Many banks and investment organizations start have ... Show more content on Helpwriting.net ...
Then previous summer came the subprime crisis across the Atlantic. By end of the summer, there was a run on a British lender, Northern Rock. A
month later, mortgage approvals dropped 31 percent, compared with the number in the previous year, and by November,real estate brokers began
reporting the first declines in housing prices. In March, average prices fell 2.5 percent, the largest monthly decline since 1992, according to HBOS, a
mortgage lender. (Mark Landler, 2008)
"In 2009 the total value of construction in Ukraine fell 48.2%, to 4.78 billion US dollar, after a 16% fall in 2008, according to the State Statistics
Committee. In Chernovtsy, the centre of Western Ukraine, popularly known as Little Vienna, construction volumes plummeted 66.8% in January,
compared to the previous year. In Kiev, construction volumes fell 27.4% over the same period. As a result of the global crisis, developers now face
financing problems. As a result, many construction projects are frozen. In addition, the property market is being swamped by properties sold by
cash–strapped buyers." (Global Property Guide 2011)
"The boom in house prices was actually much bigger here than in the U.S.," said Kelvin Davidson, an economist at Capital Economics in London. "If
anything, people should be more worried than in the U.S."Britain has the most developed home–financing industry,
... Get more on HelpWriting.net ...
Encompassing Learning through Life Cycles in the Book...
BOOK REVIEW
Lifelong learning in the Global Knowledge Economy: Challenge for Developing Countries Lifelong learning is becoming necessary in many countries
and it is more than just education and training beyond formal schooling. This book indicated that a lifelong learning framework encompasses learning
throughout the lifecycle, form early childhood to retirement, and in different learning environments, formal, nonformal, and informal. This report
represents the World Bank's first attempt to lay out an analytical framework for understanding the challenges of developing a lifelong learning system.
This book, which is as well as a report presenting lifelong learning in the global knowledge economy: challenges for developing countries, explores the
challenges to education and training system that the knowledge economy presents. It outlines policy options for addressing these challenges and
developing viable systems of lifelong learning in developing countries and countries with transition economies. This book addresses 4 questions: 1, what
does a national education and training system, including its formal and nonformal components, need to do to support knowledge–based economic
growth? 2, how can developing countries and countries with transition economies promote lifelong learning, and what challenges do they face in doing
so? 3, given limited resources, what type of governance framework promotes lifelong learning for people in general and disadvantaged groups in
... Get more on HelpWriting.net ...
Economic Economy : The Global Economy
Formative: The Global Economy
Topic: Show how the imposition of a tariff by a small country will have a consumption effect, a production effect, a government revenue effect, and a
trade effect on the economy of that country.
"If the country is a 'small country' in international markets, then the policy–setting country has a very small share in the world market for the
product–so small that domestic policies are unable to affect the world price of the good". (Suranovic, 2010, pg. 296). Hence the small country is a
'price–taker' and not a 'price–maker.' Atariff is a tax or duty levied on the imported commodity when crossing an international boundary. (Salvatore,
2012, pg. 113). Tariffs are one of the easiest ways for governments to collect... Show more content on Helpwriting.net ...
(Foreign Affairs 2009). Due to which, this small country will engage in trade with other nations. This is illustrated in figure 2.
When the country interacts with the world through imports and exports and with the world price of ВЈ10, and with free trade, the nation will consume
100 units of X, this is illustrated by BC. Out of the 100 units, 25 units is domestically produced, illustrated by BD, and the remaining 75 units is
imported, this is illustrated by DC. Due to import, the gap between quantity demanded and quantity supplied is filled. The consumer surplus due to this
will be ВЈ1250. "Consumer surplus is the difference between what consumers are willing to pay for a specific amount of a commodity and what they
actually pay for it". (Salvatore, 2012, pg. 117). The producer surplus will be ВЈ25. "Producer surplus is defined as the difference between the amount
the producer is willing to supply goods for and the actual amount received by him when he makes the trade". (The Economic Times 2015)
Due to imports, the price of commodity X will decrease, resulting in a situation where this small country will impose a tariff. This effect is often the
tariff's principle objective– to protect domestic producers from the low prices that would result from import
... Get more on HelpWriting.net ...
Marketing Of A Global Economy
The concept of the "sharing economy" is still relatively new and many still have no clue what sharing means. While time–sharing has been around for
quite a while; the sharing economy goes beyond time–sharing houses for vacations. Some have begun to share their vehicles and even starting friendly
taxi–type companies that offer cheaper rides than the tradition taxi companies. Many have embraced the sharing economy as it is found to be a
great value to the consumer. However, companies are seeing it as a serious threat to their business. The debate goes back and forth as to whether
the importance of consumer value is in fact causing the replacement of traditional business. The biggest concern is that the sharing economy will
thrive and traditional businesses will continue to suffer the loss of customers unless they lower prices and get more competitive. However, for some
businesses sticking it out and being more competitive could potentially lead to more financial loss than merely closing up shop. Marketing in a
Global Economy Marketing in our economy has become harder and harder as the age of technology grows and billions of people see and ignore
advertisements in every aspect of their life. It is rare to even drive down the street without seeing some sort of advertisement these days; even if it's a
hand–written picket sign offering lawn service. Business is everywhere and everyone wants in. One of the biggest trends now–a–days is sharing. While
time–sharing has been
... Get more on HelpWriting.net ...
Globalization Is A Term For International Affairs And The...
'Globalization is a term that came into common usage in the 1980's to describe the increased movement of people, knowledge and ideas, and goods and
money across national borders that has led to increased interconnectedness among the world's populations, economically, politically, socially and
culturally'. 'Although globalization is often thought of in economic terms (i.e., "the global marketplace"), this process has many social and political
implications as well'. Many in local communities associate globalization with modernization (i.e., the transformation of "traditional" societies into
"Western" industrialized ones). 'At the global level, globalization is thought of in terms of the challenges it poses to the role of governments in
international affairs and the global economy'.
'The world before the 1800's was ruled mostly by the Kings and there was system of Law in place'. As the world entered the 19th Century, there
were several changes in system of Ruling. It is important to note that, the world within a span of few decades witnessed an unprecedented growth in
the several sectors. Trade and Commerce was developing at a rapid pace. 'As a result of which several people started searching opportunities for a
better living. As a result of rapid development in the Science & Technology, Trade & Commerce led the resourceful countries to have an access on the
developed mechanisms'. Those countries which had sufficient resources to maintain and develop had an idea of dominating
... Get more on HelpWriting.net ...
Introduction Of The Global Economy
Stephanie White
Professor Greer
Introduction to the Global Economy
8 November 2015
Venezuela
Venezuela, also known as the Bolivarian Republic of Venezuela, is located on the northern coast of South America and is bordered by Brazil, Colombia
and Guyana. The main language spoken is Spanish, but there are numerous other languages spoken around the cities. In Venezuela, there is no
dominant ethnicity. Nationalities can range from Spanish and German to African and Arabic. The major religion is Roman Catholic, but there are a
few other religions that are less common. Venezuela is normally a hot and tropical place where the Andes Mountains and Maracaibo Lowlands are
located. As of July 2015, the population of Venezuela was 29,275,460, the 45th largest country in the world (Central Intelligence Agency). Since
Venezuela is located so close to the equator, it only really experiences two seasons: a wet period and a dry period. Venezuela has a federal republic
government, which consists of federal state with a constitution and self–governing units (Central Intelligence Agency). The Bolivarian Republic of
Venezuela gained independence from Spain on July 5, 1821. Venezuela became its own republic in 1830: up until then it was federated with Colombia
and Ecuador (Family Education Network). Under the rule of Juan Vicente Gomez, dictator from 1908 to 1935, oil became a major export for
Venezuela. In 1947, Venezuela received the country's first democratically elected president, Romulo
... Get more on HelpWriting.net ...
Why China 's Fall Would Have On The Global Economy
Using the elements of PEST analysis as a framework discuss what impact you consider China's fall would have on the global economy.
The Chinese economy can be viewed as the cornerstone of the global economy. The current global GDP, measured in purchasing power parity of
nearly 60%, as well as current international rate of growth at more than 80%, is primarily accounted for by China and other neighbouring
middle–income countries, such as India or Vietnam.[1] These numbers are significant in understanding our global economy, which is widely
interconnected through alliances of trade, laws and finance, thereby affecting our daily lives politically, economically, socially and technologically.[2]
With recent analysis indicating that China's growth has declined to about 6.8% by the end of 2015[3], how would a crash in China's economy affect
the global market?
Following the 2008–2009 global economic crash, emerging markets like China with a rapid growth rate were presumed to safeguard the larger
economies of the European Union, Japan and the United States. As China expanded its industrial revolution with an unprecedented annual growth rate
and increased international trade, many countries in particular Germany benefited economically. Germany became one of China's main suppliers for
technology that it required in order to produce goods, as well as luxury products such as cars for the new–money generation of entrepreneurs; Chinese
buying power currently makes up 6.6% of Germany's
... Get more on HelpWriting.net ...
The Impact Of Censorship On The Global Economy Essay
Economic Warfare
We're living in hyper–connected world, where effective censorship is difficult to maintain for long. Even state secrets, sooner or later, will leak out and
become widely available in the internet. The head–liner scandals of Manning (Sledge, 2013), Snowden (Franceschi–Bicchierai, 2014), and Clinton
(Carson, 2016) amply illustrate this. What's more, even isolated military misconducts, like the "2007 Baghdad airstrike," (McGreal, 2010) are
quickly leaked online and shape public sentiment. As a result, it is becoming increasingly harder for any government to rally support for any military
engagement. For example, even though the US people's perception of Syria is worse this year than it was a year ago, still 59% of the population don't
wish the government to get more involved (Polling Report, 2016). As a result, the USA and the EU try to compensate through their influence over the
global economy.
"Since 2005, U.S. policymakers have increasingly turned to sophisticated types of economic sanctions as a foreign policy tool of first resort. From the
development of banking sanctions limiting Iran's ability to secure financing from Western capital markets to new sanctions targetingRussia's financial
system and the development of its oil resources, U.S. policymakers have touted these innovative tools as extremely powerful while also being tailored
and precise." (Feaver & Lorber, 2015)
So, why economic warfare is problematic?
Economic warfare is exactly what it sounds
... Get more on HelpWriting.net ...
Global Economy Is Finally Stabilizing Following The Global...
The global economy is finally stabilizing following the global financial crisis and Great Recession. Our base–case outlook for average annual real
growth between 2015 and 2020 is between 3 and 4 percent Lower global commodity prices are an important factor supporting stronger economic
growth. Although economies that are dependent on commodity exports may suffer, lower input prices for industry as well as lower fuel prices for
households will provide a boost to aggregate demand and global growth. We expect emerging economies to continue to grow by more than 4 percent
(contributing $16.2 trillion to global growth through 2020 at market exchange rates), while the growth rate of advanced economies is forecast to
exceed 2 percent (contributing $13.5 trillion through 2020) for the first time since 2010. The United States is leading the recovery among advanced
markets, and we expect the country to be a significant contributor to global growth through 2020. However, we anticipate economic performance to
continue to diverge within both the emerging and developed market groupings based on key policy choices, as governments grapple with structural
reforms in the context of reduced fiscal and monetary stimulus. In this regard, strong leadership and bold government actions will determine whether
national economies can escape from the new mediocre of stable but low growth. Australia resources industry (BHP) Australia has a rich haven of
resources in the oil, gas and energy industries.
... Get more on HelpWriting.net ...
Global Value Chains And Its Impact On The World Economy
Modern production is increasingly growing around the so–called global value chains. According to World Trade Report for 2014, they are one of the
main trends in modern economy and trade. Their growth in the last two decades have not only significantly change the nature of the world economy,
but also had a strong influence on individual countries. However, the extent and nature of these effects are still not well understood by experts.
Typically the value chain include the steps of: design, production, marketing, distribution and after–sales customer service. These steps may exist
within the same company and shared between many firms. The fact that a growing number "settles" in various countries indicates the globalization of
value chains. ... Show more content on Helpwriting.net ...
Understanding the functioning of the administrative structures needed to assess the impact of economic policy on businesses and the location of
production.
The concept of global value chains was born back in the 1970s. This could be classified as "commodity chains". The main idea of this chains is to trace
the transformation of the entire set of source materials and the cost of products and turning them into a final product consumption. Later, the global
supply chains were traced on the example of garments ranging from raw materials (cotton, wool, synthetic fibers) and ending with the final product
(clothing).
In the 2000s, there was a transformation of the concept of global commodity chains in the concept of global value chains. The second concept is trying
to determine the most important factors of the organization of global industries, it offers a theoretical basis and practical tools to analyze value chains
and different types of management. The idea of the value chain has been proposed by Michael Porter in his book "Competitive Advantage" to identify
the sources of competitive advantage through analysis of certain types of activity of the company. In foreign economic literature makes a clear
distinction between the chains, initiated by producers and buyers. Value chain "divides the company 's operations in the strategically important
activities to examine the costs and existing and possible means of differentiation." The competitive
... Get more on HelpWriting.net ...
Effects Of Emerging Economies On North America 's Economy...
Introduction:
This report is intended to brief the reader on the effects of emerging economies on North America's economy and the global market on a whole. This
report provides an overview of the emerging economies of India & China; their education, ideological beliefs & economic performance and how North
America's way of business is affected. This report was compiled based on articles from reputable sources, such as Bloomberg and articles published
within the industry. This report was authorized by Mr. Laviolette, an Accounting teacher at Jean Vanier Catholic High School.
Overview of Global Economy:
Today's Global economy is governed by a delicate balance of variables. The addition of a new economy to the global market affects all of the
pre–existing variables, bringing with it a host challenges and opportunities. Much like an initial public offering, countries may "buy –in" or develop
economic agreements with the emerging market economy (EME). This often results in the country "buying–in" to the emerging economy, getting
services or products at a discounted rate, while the emerging economy gets business like China and the United States. These types of agreement may
result in the poorer country sacrificing its citizens' well being, to ramp up for economic growth, like China. In the end most countries economies are
interconnected for example with the United States–Canada relationship. If one country's economy were to collapse there would be strongly adverse
effects on the
... Get more on HelpWriting.net ...
Global Economy Essay
Global The global economy remained positive despite recent political unrest, especially the between US and North Korea and England's exit from the
European Union; inflation pressures, however remained quiet. Cooperative government policies have helped economies endure these politically
unstable times and even sustain growth over several years. Faster growth in business investment and positive consumption growth lead to GDP growth
in the three largest economies in the June quarter. National The Australian economy has again avoided a technical recession, as it continues to record
growth. Looking ahead at the economies horizon, there can cause for concern, the weak wage growth coupled with rising household debt is reducing
or at least... Show more content on Helpwriting.net ...
In order to pick up the slack, the public sector has improved in two areas, workforce and infrastructure, this is due to the decline in mining–related
business investment. This can be seen as a positive for Queensland as its economy is now looking for other, non–mining business investments, and will
no longer constrain growth. In the short–term however, there is a degree of uncertainty as the state election is expected to be held at the end of 2017 or
early 2018. The unemployment rate in Queensland is currently sitting at a high, 6.5% in June 2017, well above the national average, 5.6%. Over the
last 12 months, 45,000 jobs were created in Queensland. A rise in population growth has increased the unemployment rate as there are more people
seeking employment. On a positive note, the Queensland economy is expected to recover and transition from the mining boom, with the 2017 SFD
growth expected to be at its highest since 2012, at 1.6%. Consumer Sentiment & Retail Turnover. Consumer confidence is down according to the
Consumer Sentiment rate, at 96.2 in June 2017, which is measured by Westpac and the Melbourne Institute, 100 being the neutral rate. Consumer
confidence has been below the 100 mark for the seventh month in a row, this is attributed to a weakness in the domestic economy; low wage growth,
housing pressures and underemployment inhibits growth. The Queensland retail sector
... Get more on HelpWriting.net ...
Global Indicator Of Chinese And American Economy
1.American and Chinese economies in terms of using global, ethical, political, physical, and societal indicators. Global indicator of Chinese and
American economy Chines GDP is $13.983 trillion and US GDP is $18.1 trillion while overall world GDP is $77.609 trillion both to gather
contributes nearly 40% to the world so this says that the changes in any of the economy will have a greater impact on the global economy.
Currently the best way to calculate the growth of economy is using PPP model (purchasing power of Parity). China PPP is 12608.87 US$ while
US is having PPP is 52117.76 US$ which is major gap and this shows though china is having more GDP number but it's not as strong as the US
economy and that is a positive indication for the US. Currently China is over capitalized and facing a bad debt issue which made them the slow
growth and this is the one the reason of slow chines growth. Currently china is more dependent on the exports and so many parts of the world are
facing recession so that the overall Chinese growth will decline. Australia is more dependent on export to china which will also having a trouble in
terms of decline in chines economy. Ethics indicator in China and America Business ethics plays important role for the growth of the economy
sometimes violation of that lead to low growth. Chines manufacture produce the low quality good and supply to the world by corruption and bribe to
quality checking officers as specially in toys and assemble electronics
... Get more on HelpWriting.net ...
The Effects Of Global Warming On Our Economy
Global warming is "The increase in Earth's average surface temperature due to rising levels of greenhouse gases" (NASA). This issue is not a myth
anymore, is affecting our economy, health and our future aggressively. The need to reduce pollutant emissions is now something urgent and an
important commitment for all the nations. Natural disasters, virus and diseases are consequences of changes of temperature, the emissions of carbon
gases weaken the ozone layer, water and food pollution.
According to the World Health Organization, environmental pollution produces more than seven million of deaths every year. Theglobal warming has
been causing damage in this country, the last year (2014) has been considered the hottest year in United ... Show more content on Helpwriting.net ...
Other argument for withdraw, was that the implementation of the treaty was inefficient and unfair involving just the developed countries and
excluding from restrictions some of the biggest emitters of gases like China and India, because they are considered developing countries. Before the
Federal Government began to focus in this problem, the private sector was trying to create programs for the reduction of pollution, but without the
political and financial support of the government, all these efforts were insufficient.
There are some federal laws to protect our environment and health. The Clean Water Act which prohibits sending pollutants into waters by requiring
specific sites that discharge materials. The Clean Air Act has been improving the air quality since 1960. Some of the most recent energy legislation
include the Energy Policy Act (2005), the Energy Independence and Security Act (2007), and the Energy Improvement and Extension Act (2008). With
the Energy Policy Act, the tax incentives have been reduce the costs of develop and adoption of new technologies (Matzner).
Today, as a new political commitment to save the planet, the presidentBarack Obama has created The Clean Power Plan, its principal objective is a
thirty percent reduction of carbon pollution from the power sector by 2030. Coal plants are the largest generators of gases and the principal
... Get more on HelpWriting.net ...

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Movements For Social Change In An Integrated Global...

  • 1. Movements for Social Change in an Integrated Global... Income inequality between the rich and the poor continues to be a significant concern in the United States, prompting national headlines and serious political debate regarding governmental policy. Historically, economies based on capitalism tend to have a pro–business stance, implementing pro–business policies to spur economic growth (Zinn, 2010). The typical role of the labor union has been to help improve economic equality between workers and the companies that employ them; however, unions have also helped their members pursue political action and influence the electoral process to achieve their aims as well (Hodson & Sullivan, 2008). Beyond unions, non–governmental organizations also pursue political action to address broad social... Show more content on Helpwriting.net ... For example, child labor produces goods in sweatshops located in developing countries; goods that make their way into the supply chains of major multinational retailers (McDougall, 2008). In addition, when work moves to developing countries, there is an impact on the workers in developed countries that lose their jobs to lower cost labor pools; namely costs that are transferred to the public sector like unemployment or retraining for workers (Bibby, 2004). To more effectively deal with issues raised by multinationals operating in an integrated global economy, there are a growing number of international labor organizations including UNI Global Union, a global union that represents 900 trade unions and 20 million workers ("UNI Global Union," 2011). There are several advantages in using a global, federated approach to labor unions, namely a larger pool of workers that provide the basis for union influence, greater coordination on issues that span national boundaries and the resulting ability to influence the policy and business decisions of large multinationals. The most significant disadvantage to a global, federated approach to unions is the increased scope and complexity of problem that arises from the requirement to represent a large diverse constituency with diverse needs. For instance, in the case of outsourced jobs, the recipients of new jobs may not ... Get more on HelpWriting.net ...
  • 2. Japan And Korea Economic Impact On Global Economy INTRODUCTION Japan and Korea are two of the strongest economies of Northeast Asia and have been very important players in global economy since the start of globalization era. These two economies have major impact on global economy. Both the economies have experienced various external and internal challenges. Therefore, it is important that we look at how these economies have been performing historically, more specifically since 1980s, so that we could get an idea about who might be a more significant player in the global economy in the future. History shows that both the economies have experienced high growth rates and crises and both the economies dealt with implementing various policies. Both the countries responded to the crises in ... Show more content on Helpwriting.net ... Japan government was under a huge pressure to recover the economy under a lot of pressure to improve the economy and was unwilling to force banks to restructure their loans portfolio policy otherwise can result in the failure of major keiretsus. Many critics consider that Japan's macroeconomic policies should have been more aggressive and steady. These policies should have been more flexible in order to recover from great recession. Conventional measure shows that the fiscal and monetary policies of japan were expansionary. These policies lowered the interest rates very rapidly. Caballero, Hoshi and Kashyap (2003) stressed on the zombie firm to explain why lower interest rates and big budgets deficits have not emphasized the zombie firm explanation and explained why the low interest rates and big budget deficits have not transformed the economy. The low interest rates had helped to keep the banks alive and boosted the aggregate demand to some extent due to deficit spending. But none of these policies concentrated on closing the insolvent banks and getting rid of their zombie borrowers who were affecting the economy. The government policies also upset the rehabilitation and restructuring. For example, the government permitted the poorest banks to carry on to attract financing and supported the insolvent borrowers by constantly delaying the advance of the deposit insurance to limit its exposure (Hoshi and Kashyap 2004). The regulators also choose not to strictly enforce ... Get more on HelpWriting.net ...
  • 3. Long-Term Effects of Global Tourism on Economy Long–term effects of global tourism on economy Tourism is the travel tour activities which provides travelers leisure facilities and service industry. And it is also a kind of leisure entertainment that has complex social phenomenon, involves the politics, economy, culture, history, geography, law, and other social fields. Generally speaking, tourism has a profound impact for the country. Tourism gradually has become a prevalent activity all over the world. Compared to 2009, there were 1002 million international tourists in 2010, which increased 6.6% over the last year.(UNWTO, 2011) And then, according to the the United Nations World Tourism Organization's (UNWTO) report, in the first two months of 2011, the number of International ... Show more content on Helpwriting.net ... The report said that there were 98 million people were employed directly in 2011 because of the tourism industry all around the world(WTTC(2), 2012). This might be the biggest benefit for the tourism industry and the local citizens. Furthermore, being employed means there will have the opportunity to make money, not only for the industry but also for the people. In consequence, this will be a win–win situation, tourism helps local establish the foundation of the economy, and the local government helps the tourism industry to win interest and prestige. Long–term effects of global tourism on economy However, there are some negative points of tourism. One of them is the seasonal employment in some places, and this will lead to the many people facing the problem of unemployment outside of the peak tourist season. For example, this will occur in tourist attractions and resort towns, if an attraction opens to the visitors, like skiing in Swiss in the winter. The skiing coaches will teach people how to go skiing, but once the snow melted, they will lose their jobs and the staff as well. Furthermore, the impact of tourism on the environment is a significant issue as the climate change is most troublesome problem. Over the years, the environmental pollution caused by tourism was almost out of control, such as deforestation and CO2 emissions from increased air travel, has already ... Get more on HelpWriting.net ...
  • 4. Solution to the Current Global Economy: Judaism and... In the essay "Judaism and Economic Reform", Norman Solomon, a Jewish–American journalist, presents a compelling argument on the basis of the need for economic reform while providing simple religious base solutions. While discussing two major economic problems that plague the world's current economy, Solomon introduces the Jewish view of the global economy and their general view on economics as a whole. With this introduction to the Jewish worldview of economics we as readers are able to transition into understanding Solomon's solutions of education & using Jewish law to improve the current state of the global economy. Although Solomon's ideas of education and relying on Jewish law to improve the global economy seem logical, Sallie McFague, ... Show more content on Helpwriting.net ... Instead of focusing on the individual, "ecological economics invites us to picture ourselves not as isolated individuals but as housemates" (McFague 132). This model has two goals striving for sustainability and distributive justice which will allow for the earth's resources to be sustained for future generations. McFague feels that the ecological economic system will provide an efficient system that will suit and support the needs of the world. Likewise and the topic of this paper Solomon provides a thorough discussion of the problems of the present global economy. In his essay Solomon provides three mind–wrenching questions that questions and supports his methods of economic reform. The first question of "is it possible to engage in the pursuit of wealth without succumbing to greed and selfishness?" brings the topic of morality when it comes to wealth (108). Sallie McFague brings an argument stating that human beings are people filled with emotions of self–interest and will do whatever it takes to become wealthy. In the grand scheme of things this innate self–interest that is within people makes it extremely tough for countries to follow certain Jewish laws that he provided. McFague's solution of moving towards an ecological economic system makes it tough on countries as well because it will force them to forget about their self–interest and learn to understand that they are dependent upon each other. McFague states, "ecological economics claims we ... Get more on HelpWriting.net ...
  • 5. The United States Economy As The Global Economy From 2010 until the end of 2014 oil prices remained relatively constant. With very little fluctuation over these four years, the average price per barrel of oil was around 110 dollars. That price has been more than cut in half within the past year. The price for United States crude oil is now just 48 dollars a barrel, the lowest it has been since 2009 (BBC News). So what is the cause for this sudden change and to what effect will this have on the United States' economy as well as the global economy? There are three core contributors that account for this sudden dip in oil prices. These contributors are a low demand for oil in many countries, specifically Europe, that is caused by a lack of economic growth, the increase in The United States' oil production, and The Organization of the Petroleum Exporting Countries (OPEC) increase in oil production. With many of Europe's economically struggling countries the increase in production of oil which in return yields lower prices has benefitted them. Europe's weak economy is able to contribute to this drop in oil prices in that Europe's currently low inflation rate and weak economy has greatly lessened the demand for oil. The lack of demand for oil in one of the most prominent import continents in the world has forced oil manufactures to lower their prices in order to retain Europe as a top oil export. Large oil exporters do not want to lose Europe as an export because that would also mean losing billions of dollars per year. ... Get more on HelpWriting.net ...
  • 6. The Effects Of Global Warming On The Health Of Humans And... Global warming is one of the largest environmental problems of the time, and this naturally occurring phenomenon intensified by pollution has become a threat to the health of humans and wildlife, communities, and economies around the world. Normal greenhouses gases (GHGs) present in the atmosphere include carbon dioxide, water vapor, and nitrous oxide. These gases prohibit too much infrared radiation from reflecting back into space; hence, they trap this energy in the atmosphere to create a constant temperature for Earth. Therefore, the term "greenhouse" describes how these gases surround and regulate the Earth's temperature like a greenhouse or glasshouse for plants. In addition to the natural atmospheric gases, humans have artificially created an additional GHG composed of chlorofluorocarbons (CFCs) which are non–flammable chemicals are composed of chlorine, fluorine, and carbon found in refrigerant and aerosol products. Humans are not only constructing new GHGs but also dramatically increasing the amount of the natural gases such as carbon dioxide. Combing the emissions directly from the tailpipe to the extraction and production of fuel, the transportation sector is responsible for 30% of the United States' emissions of carbon dioxide and other global warming gases. The human population is increasing and becoming more dependent on fossil fuels particularly for fuel, yet the burning of fossil fuels cause an increase of two to three parts per million in carbon dioxide ... Get more on HelpWriting.net ...
  • 7. The Global Economy As A Positive Sum Game From a liberalist perspective, one views the global economy as a positive–sum game. This means that everyone stands to gain from cooperation. In essence, the positive–sum perspective views the global economy as going from a smaller pie to a larger pie. Regardless of what percentage of the pie each actor receives, cooperation still increases each actors "piece of the pie." Through cooperation, liberalists point out, actors greatly benefit. The positive–sum perspective in the global economy can be observed through trade. Whether a state has a comparative advantage in one good, or absolute advantages in multiple goods, trade is beneficial. There is not a finite amount of wealth in the world. Rather, if states trade between themselves, they will both help and benefit each other. The diffusion of technology and innovation between states also contributes to the well–being of the global economy and global population in general. Trade also leads to competition, a driving force in increasing the "pie." Although competition with foreign producers might be perceived as a bad thing, it actually facilitates economic growth in the world. Competition forces producers to constantly update and improve their products. Without competition, a state becomes stagnant and simply stays at the status quo for years to come. Thus, competition helps the global economy evolve with new ideas and innovations. The instrumental role of competition and trade can be seen when comparing the fate of ... Get more on HelpWriting.net ...
  • 8. The Global Economy Without the internet, it may be fair to say that the global economy we know of today would conceivably collapse. Where the internet makes it easy to order products and supplies for consumers and retailers all over the world that convenience would obviously be lost if the internet would cease to exist and import and export markets throughout the globe would surely crumble. Some may see this view as a dramatic interpretation, but just thinking about all of the products and services that are managed by the use of the internet today, it really sheds light on how dependent the world actually is on it. 3.Contrast differentiation and low cost strategies (noting that many firms use a mixture of both). What characteristics of an industry, firm, product and/or customers might tend to encourage a firm to employ a differentiation strategy? What are some of the dangers or commonly made mistakes of using this strategy? Similarly, what characteristics of an industry, firm, product and/or customers might tend to encourage a firm to employ a low cost strategy and what are some of the dangers or commonly made mistakes of using that strategy? Which (or which mixture) does your firm use and why? Which strengths is it drawing upon and/or which competitor weakness is it attacking? How does the nature of the industry – its products or services, its relevant driving forces, etc. – tend to encourage the use of a particular strategy, if at all? Firstly it is important to differentiate ... Get more on HelpWriting.net ...
  • 9. Climate Change And The Global Economy As climate change continues to insist on the impending destabilization of the global economy, climate change is observed from a multitude of angles that identify threats to sustainable development. The corollaries generated by climate change are regularly interlinked, insinuating exponential exacerbation for the issues at hand. Nonetheless, prompt action can yield positive results in the overlapping constituencies. As one of the most pressing issues of our time, it is of paramount necessity to speculate what policies are in place to enforce the mitigation of climate change. What has been done ? What can we continue to do – and to what effectiveness ? With the "figure – ground" reversal and the perpetual shifts that have followed, Earth has emerged as a human "work of art". Human beings were the creations of the Earth and we are beginning to take over that role partly because of our increasing power over parts of the biosphere, our ability to affect natural systems, but more significantly because now that we can grasp the Earth in our mind's eye, we increasingly see that we have it in our grasp (UofT, 1993, pg. 1). The encroachment and appropriation of natural resources have contravened with the natural state of the planet, to the extent in which Greenhouse Gas (GHG) emissions have drastically weakened our atmosphere. The Kyoto protocol is an international agreement linked to the United Nations Framework Convention of Climate change, which commits ... Get more on HelpWriting.net ...
  • 10. How Does Ebola Affect Global Economy The Global Economy is concerned with The health of many people in different countries. The Global Economy is concerned with The diseases of people. The Global Economy is concerned the way people eat food. The standards of living in different countries are different. One disease that occurred was Ebola I had spread to two people. . A hospital was needed to help each person. Ebola is caused by primates . Ebola is caused by The Ebola Virus. This is how Ebola Virus can have an affect on GlobalEconomy. The Global Economy is affected by Diabetes. Many people.have Diabetes. Diabetes can be prevented by medication.There are two types of Diabetes. This is how Diabetes can have an affect on Global Econo my.High Blood Pressure can have ... Get more on HelpWriting.net ...
  • 11. Summary: What Impact Does Brazil Have On The Global Economy What impact does Brazil have on the global economy? World has interdependent economic structure. In order to show any significant impact on global stage, a country should top in exports/imports like USA, China, Japan. Other countries like Russia and India could make some sense in the pie chart due to their oil resources and internal consumption markets respectively. Brazil's rise in the global news can be accredited to the internal political hangouts and the perceptions we have on it being a BRIC nation. According to the World Fact book of the CIA (http://tinyurl.com/c8msbuw), the leading merchandise exporters in 2014 were China ($1.58 trillion, or 10 percent of world exports), the United States ($1.28 trillion, or 8 percent), Germany ($1.27 trillion, or 8 percent) and Japan ($770 billion, or 5 percent). Brazil ($202 billion, or 1.3 percent of world exports) ranked 22nd in that list, behind Mexico and Australia. The United States ($1.97 trillion, or 13 percent of world imports) is also the top merchandise importer, followed by China ($1.40 trillion, or 9 percent), Germany ($1.07 trillion, or 7 percent), Japan ($693 billion, or 4.5 percent). Brazil ($191 billion, or 1.2 percent of world imports) ranks only 20th. ... Show more content on Helpwriting.net ... Brazilian Companies like JBS Beef, Ambev, Petrobas are global leaders in their domain. Exports like regional jets, sugar, juice, ethanol, Iron ore––are top in their ranks. But the country's politics with chaotic tax regime break their bones ... Get more on HelpWriting.net ...
  • 12. Who Are The Most Important Actors Of The Global Political... Who are the most important actors in the global political economy and Why? Ipe is about culture and society as well In all spheres and society is also a Unequal relationship of society is basis of Introduction/thesis statements: Global Political Economy is essentially a study of a political battle between the winners and losers of global economic exchange. In fact, understanding global economy relies on a clear knowledge of the process of political competition. Political power possessed by actors regulates economic activity and in turn this creates the basis for and affects political power. Through, critical analysis of the concept of global political economy it becomes clear that there are three prominent theories that form GPE, mercantilism, economic liberalism and Marxism. At this point in time, the main actors in the international system are nation–states seeking an agenda of their own based on personal gain and national interest. Significantly, the most important actor is the United States, a liberal international economy, appointed its power after the interwar period becoming the dominant economy and in turn attained the position of hegemonic stability in the international system. The reason why the United States is dominating is imbedded in their intrinsic desire to continuously strive for their own national interest both political and economic. Further, there are other nature of actors that are not just nation–states, including non–states or transnational, ... Get more on HelpWriting.net ...
  • 13. Innovation And The Global Economy Innovation can be expressed as the application of new ideas to the processes and products and all the productive activities of an entity that can result to increased productivity and value. The new idea that alters how products and services are offered has the potential of bringing benefit to all the stakeholders within an enterprise. It is erroneous to assert that there is a correlation between the rising level of unemployment in the global economy with innovation and technology. A single gadget that can perform work that can be done by a group of individuals, but the benefit of innovation far outweighs the few changes in operations that lead to reemployment and loss of jobs (Andersen 160). In a global economy innovation has been a key factor that enabled companies to maintain their competitive edge, increase and improve production and operation processes and generate adequate profits to remain in business. Scholarly study and historical analysis have succinctly revealed that there is no connection between innovation and unemployment (Barro 105). Innovation plays a big role in increasing productivity and in the longterm it creates wealth. In economic, this wealth can be reallocated to other sectors and firms to generate demand for labor for job seekers. It is imperative to recognize that the savings that crop up through the application of new technology flows back to the economy directly or indirectly, helping generate more opportunities. Innovation enables firms to lower ... Get more on HelpWriting.net ...
  • 14. Greece 's Economic Impact On The Global Economy Developed–market economies have been improving incrementally. After going through a soft patch in the first quarter, the U.S. has regained its momentum in job creation, although the quality of those jobs is open to debate. Europe has turned a corner, with GDP expanding modestly and deflation subsiding. Japan is also experiencing a notable uptick in economic activity. Emerging markets, on the other hand, are going through what the World Bank has called a "structural slowdown." This is likely to last for years as a result of a variety of factors including lower commodity prices and a falloff in global trade following the global financial crisis. India appears to be one of the few exceptions, with a first–quarter growth rate that has exceeded... Show more content on Helpwriting.net ... A prolonged bear market could slow it further, and that would affect the globaleconomy negatively. While we are in the midst of a recovery, it remains in the context of a high–risk, slow–growth world. Government debt as a percentage of GDP has risen substantially since the financial crisis and is acting as a drag on economies. Ultimately, growth in real GDP depends on growth in the workforce and growth in productivity; neither appears promising. Given that backdrop, the portfolio remains invested in companies that have proven that they can grow their free cash flow, even in a tepid economic environment, and have a disciplined approach to allocating cash that will create value for shareholders. Positioning Epoch's highest conviction ideas continue to be centered on companies where they have a significant degree of confidence in the business and identify 'quality visible growth.' Epoch remains focused on companies with strong cash flows supported by secular growth – in areas such as, productivity–enhancing technology and companies which will benefit from the proliferation of smart devices (the "internet of things"); commercial aerospace which will benefit from visible growth in emerging markets and a robust replacement cycle in developed markets; financial companies with improved capital positions and greater cash flow visibility; and companies which will ... Get more on HelpWriting.net ...
  • 15. Company : The Global Economy COMPANY'S POSITION IN THE EVOLVED GLOBAL ECONOMY Since the company's commencement in 1969, the multinational cooperation has always aimed to be a market leader. To achieve this, they have not stuck to one particular field to enhance their business, but into virtually all sectors of business so as to maximise on market opportunities and bring out top class results. With the widespread phenomenon of globalization, the company has been at par with all other leading Australian as well as international Multi National Cooperation's in a significant and successful manner. They have rapidly invested and purchased assets in various companies from around the globe. "MACQUARIE Group has won the race to buy a $1.5 billion portfolio of mortgages from ... Show more content on Helpwriting.net ... Net operating income fell 4 per cent to A$6.7bn.Shares in Macquarie rose 10.9 per cent to A$43.11 yesterday, extending gains this year to 23 per cent." (The Financial Times, 2013). Not only has the company acquired companies or investment opportunities, they have also hired personnel who would help the company reach its targets in the most efficient manner. The global economics today looks at integration into other markets by acquiring resources from other organizations be it human resources, physical resources, intellectual resources. "Australia 's Macquarie Group has hired veteran media banker Fehmi Zeko to run its U.S. media and telecommunications banking business, part of the financial institution 's ongoing push to widen its U.S. footprint. Mr. Zeko, 52 years old, joins the firm from Foros Group, a boutique investment bank he helped start in 2009. He will be based in New York, and help build Macquarie 's U.S. advisory and capital–markets business. Mr. Zeko said he was excited about the global opportunity Macquarie presents." (Wall Street Journal, 2011.) In India the company has made significant volumes of investment in the form of capital or in the form of mergers with Indian banks. They have invested heavily in the banking sector and hold a strong position in the Indian market. "Macquarie SBI Infrastructure Fund (MSIF) and SBI Macquarie Infrastructure Trust (SMIT) have agreed to invest $150 million ... Get more on HelpWriting.net ...
  • 16. Economic Inequality Within The Global Economy Economic inequality can be defined by the unequal access to economic resources, in the form of opportunities, wealth, capital, land, etc., which determine the individual's or the group's level of power. Generally speaking, individuals and groups with high access to resources have high levels of vertical and horizontal power, which in it turn generate more access to resources and power. The unequal access to economic resources is institutionalized within a society. Thus, economic inequality has far reaching effects and manifestations in other social and political institutions. In addition, with increasing role of global economy on national economies, and the increasing inequality in the global market, which is reflecting on increasing inequality in it turn increases inequality within nations. Thus, the interest among political economists has increased in an effort to understand stratification and to create policies which aim to elevate economic inequality globally and nationally. I will argue that the capitalist economic system is inherently unequal. Farther more, it thrives on creating highly level of economic inequality, where resources and capital is concentrated in the hands of the economic elite, while the rest of the population service to provide cheap labor (specialized on non–specialized) which increase economic, social, and political inequality in a society. For that reason, I don't believe that economic policies can end inequality globally or national (short from ... Get more on HelpWriting.net ...
  • 17. Globalization And The Global Economy For many of the world's population, the growing integration of the global economy has provided the opportunity for substantial income growth. This is reflected not only in higher incomes, but also in the improved availability of better quality and increasingly differentiated final products. However, at the same time, globalization has had its dark side. There has been an increasing tendency towards growing equalization within and between countries and a stubborn incidence in the absolute levels of poverty, not just in poor countries. These positive and negative attributes of globalization have been experienced at a number of different levels – the individual, the household, the firm, the town, the region, the sector and the nation. The distributional pattern emerging in recent decades of globalization is thus simultaneously heterogeneous and complex. If those who had lost from globalization had been confined to the non–participants, the policy implications would be clear – take every step to be an active participant in global production and trade. However, the challenge is much more daunting than this, since the losers include many of those who have participated actively in the process of global integration. Hence, there is a need to manage the mode of insertion into the global economy, to ensure that incomes are not reduced or further polarized. Many factors associated with globalization will affect the distribution returns. For example, macro–economic disturbances ... Get more on HelpWriting.net ...
  • 18. Global Recession on Morocco's Economy TOPIC a) Analyse the effects of the global recession on Morocco's economy. b) Discuss what action Morocco has taken to reduce the adverse effects of the downturn c) In your view, does the downturn offer any positive opportunities for Morocco? Table of contents Introduction4 1. The effects of the global recession on Morocco's economy5 1–1 The impact of the international financial crisis on Moroccan financial economy5 1–2 – The Moroccan economy facing crisis6 2. Actions taken to reduce the adverse effects of the downturn by Morocco7 3. Does the downturn offer any positive opportunities for Morocco?9 Conclusion11 References12 Introduction The international financial crisis has largely been ... Show more content on Helpwriting.net ... "Some foreign investors in the place could liquidate their position if they are affected by the crisis. But none of this has been reached, "said the director of Project Financing in BMCE Abdellatif Nasserdine.
  • 19. The only impacts that the crisis could have on the place of Casablanca are psychological. The mistrust that has plagued the world in relation to real estate assets could be extended to Moroccan operators. Several reasons explain the remoteness of the international crisis in the Moroccan stock exchange Moreover, the Moroccan banking system is composed of mainly Moroccan–owned banks (BMCE, BCP, AttijariwafaBank) which control 70% of Morocco's banking market, and majority foreign–owned banks (SGMB, Credit Du Maroc, BMCI) that share 30% of the Moroccan banking market. Recall that BNP Paribas owns 63% capital in BMCI, Societe Generale control with 51% of the SGMB and Credit Lyonnais has majority in CrГ©dit du Maroc with 52% of capital. Yet according to the financial press, many French banks are affected by the crisis: – The Societe Generale has not yet digested the loss of 5 billion of EURO attributed to its trader. Its shares have lost 50% of their value. – The CrГ©dit Agricole difficulties through its Calyon business bank wich will cut 500 jobs. In Morocco, the economy is rather well behaved throughout the years 2008 and 2009, the greater control ... Get more on HelpWriting.net ...
  • 20. The Impact Of Service And Knowledged Based Economy And... Worldbank (n.d.) states, "Everything that grows also changes its structure. Just as a growing tree constantly changes the shape, size, and configuration of its branches, a growing economy changes the proportions and interrelations among its basic sectors– agriculture. Industry, and services and between other sectors–rural and urban, public and private, domestic– and export–orientated (para. 1) Hodson & Sullivan present that (2008) "A post–industrial society is based on services. Hence, it is a game between persons. What counts is not raw muscle power, or energy, but information" (Bell, 1976, p. 127). The essay will explain the work in modern America, including the positive and negative aspects of the service and knowledged–based economy and Americas place in the global economy. Discuss the interconnectedness of immigration,globalization, democracy, and corporate power, and how the changes in the workplace, and increasing service orientation of the economy has affected my life. Service Economy The new service economy has positive and negative aspects. The United States labor was once based on agriculture, then manufacturing and has now turned into an economy based on services (Hodson & Sullivan, 2008). Over the years, Americans have gained more capital and with that capital services such as education, health and entertainment have increased. (Worldbank, n.d.) Because service jobs are not based on the use of machines like manufacturing, jobs are continuing to grow in the ... Get more on HelpWriting.net ...
  • 21. Cuases and Effects of Global Warming on World Economy As one of the urgent issues of human existence during the coming 50 years, global warming has become a widespread concern among the world community. Global warming can be defined as the abnormal increase of the average temperature on the surface of the earth. According to statistics, average temperatures have been increased by 1.4 degrees Fahrenheit (0.8 degree Celsius) around the world since 1880 (National Geographic News, 2007). This eassy will outline the causes and illustrate the effects on economies around the world with a series of evidence and data. To begin with, two main causes of the climate change will be outlined, which are believed to be the result from natural phenomenon, and human activities. Some of the natural ... Show more content on Helpwriting.net ... For developing countries with a weaker economic foundation, it is not only a chance but also a risk. Moreover, the climate change also has an effect on the energy supply. The original energy sources used for production and living, such as wood and coal, release a great amount of greenhouse gases when it is being burnt, and inevitably cause the aggravation of the climate. In roder to avoid this from continuing, new energy sources are explored and start to being used. Known as a kind of clean–air energy, the nuclear energy has greater value than any kinds of fossil fuels. This type of power could still produce electricity constantly with less fuel and less pollution to the air when the original comburant eroding the earth (Parker, 2009). With the development of energy technology, it is believed that the new energy which isless harmful to the earth will make great contribution to humans. Finally, the government plays an important role in protecting the climate. To prevent the climate from further change, every country has committed to environmental protection and invested a huge amount of money. From 1990 to 2005, the government in each country with per capita GDP has invested over 4600$ in reforestation in order to slow down climate change (Reuters, 2006). On the other hand, in Europe, the government gets economic benefits from the ... Get more on HelpWriting.net ...
  • 22. “Explain and Concept of †Peak Oil’, and Outline the... "Explain and concept of 'peak oil', and outline the possible consequences of peak oil for the global economy" The theory of 'peak oil' refers to the inevitable peaking and consequent decline in the amount of oil produced in any nation throughout the world. The term 'peak oil' usually refers to the time when the maximum rate of global petroleum extraction is reached after which a terminal decline in the rate of production occurs (Heinberg, R. 2003, pg. 97–98). There is an ongoing debate about when peak oil will occur; some economists deem it to be decades away, while others believe it has come to pass all ready (Strahan, P. 2007, pg. 202). As the world is so reliant on this finite resource it is a crucial problem that needs to be ... Show more content on Helpwriting.net ... As the price of oil continues to rise it will spur a great demand for alternate energy sources to be discovered. Coal and liquefied gas a feasible substitutions for oil, however they can only be used provisionally as they are both finite resources as well. The ever–increasing price for oil has the potential to mitigate global warming as the harmful emission from fossil fuel usage promotes newer cleaner alternatives to be sourced. This is not the solution for climate change, however it will aid in decelerating global warming for a period of time. Means of transportation would be cut down too much simpler methods, such as walking or riding a bicycle. (Sharpe, S. & Tranter, P. 2010 pg. 290). Both of these methods of transport needs exertion of energy and can aid in improving ones fitness and a change to a healthier lifestyle. This is a step forward in tackling the global obesity epidemic. With the decline in the number of personal motor vehicles on the roads, urban areas can therefore be seen as not only environmentally friendly but child friendly as well (Tranter, P. & Sharpe, S 2007). It is evident that the global economy is extremely dependent on oil, and the concept of peak oil will have a severe effect on civilization and the way in which our society functions. Food production and transportation are a vital part of our economy and are taken for granted in today's society. However, without oil it will see these areas ... Get more on HelpWriting.net ...
  • 23. Social Policy Within The Global Economy When discussing social policy within the current global economy, it's quite impossible to ignore the effects of globalisation on nation states but also in the overall global economy in relation to poverty, environmental changes, trade, culture etc. Globalisation is a highly contested term due to its broad definition which causes confusion as to what it actually means (Gills, 2002; Higgot, 1999). Yeates (2002) refers to globalisation as the loosening of boundaries of things such as trade, labour and migration and further goes on to speak of 'strong' globalisation to indicate the intensity and inevitable nature especially in relation to the constraints globalisation poses on national governments and the policy making process. Events such as ... Show more content on Helpwriting.net ... There will also be a heavy focus on transnational corporations as they are seen as one of the most important actors in shaping social policy. It is important to remember that globalisation in not only about economic effects but it can also be discussed in relation to political globalisation and how political decisions have shifted due to upwards to the European Union and beyond also cultural globalisation that has seen the 'Mcdonalization' of traditional culture into the international culture of consumerism (Ritzer,1993). Ginsburg (2001) looked as social policy within Ireland and the UK and argues that changes that have occurred within the nation state have been due to neo–liberal hegemony. During the 1980's under the Margaret Thatcher administration there was an adaptation of neo–liberalism as restraints were put on social expenditure, taxation of individuals and corporations and there was an increase in the flexibility of labour markets as the markets are seen as wealth creating mechanisms (Ginsburg, 2001; Cerny and Evans, 2004). The intensification of neo–liberal globalisation has left governments trying to find a balance between competing with demands of economic globalisation whilst also considering the possible economic and ... Get more on HelpWriting.net ...
  • 24. Effects Of The Global Warming On The World Economy Since the dawn of civilization, mankind has sought to transform, control, and dominate the earth, so as to profit from its fruits. Now, thousands of years later, it has come to light that humans may be solely responsible for irreversible damage done to the earth and a march for justice and reparation has ensued. As a member of the EU and a major contributor to the world economy, France has seen considerable distress from the effects of climate change, economically, socially and environmentally and has pledged to alleviate the strains of climate change placed on the world. Over the past decade, France has faced several challenges, stemming directly from climate change. Recent reports show that the Chartreuse Mountains has seen a 50% ... Show more content on Helpwriting.net ... To say the least, the environmental impact of climate change at its current rate would disastrous. Perhaps even more dangerous, however, are the economic implications of such environmental change. Wine is France's second biggest crop, generating around 9 billion Euros and is their number one export (Greenpeace, 2009). Furthermore, the wine sector represents almost 200,000 jobs. Increased temperatures due to climate change would prove to be catastrophic. For example, in 2003, a heat wave hit Burgundy, causing wine production to fall in over 30% (Greenpeace, 2009). This kind of destructive heat could become a norm if current trends are not reversed. Beyond heat, climate change also poses risks such a new diseases, increased erosion and flooding and rotting of grapes due to increased CO2. These factors would subsequently destroy one of France's largest economic sectors and exports. France also fears that climate change could severely handicap their tourism sector, which makes up 6% of their GDP (Reuters, 2009). As sea levels rise, coastal erosion will become an increasing problem. Currently, coastal erosion affects 20% of France's tourist area (Reuters, 2009). Furthermore, as the Alps see a decrease in snow, winter resorts will suffer a great loss of revenue. Currently, France is the world's #1 most popular tourist destination by number of visitors, but as climate change continues to transform their climate, officials say that it will be ... Get more on HelpWriting.net ...
  • 25. Essay on The Global Economy and the Stages of Recovery The global economy and the stages of recovery: As is known, there has been a decline in global GPD growth rates during the last two years due to the global financial crisis which began in August 2007; it is considered one of the most serious crises experienced by the global economy since World War II. According to the latest update to the World Economic Outlook by the International Monetary Fund (January 26, 2010), global GDP growth fell from 5% p.a. in 2007 to 3.2% in 2008, dropping to –.08% by 2009. According to the report, the world economy has begun to expand again, and there have been improvements in financial conditions. It is a significant improvement, but it will still take time to return to where it was in the past. ... Show more content on Helpwriting.net ... As can be seen in the capital markets indexes, the indicators fell sharply throughout the world without exception. This decline led to a loss of confidence among investors. Currently, the capital markets passed their nadir in the beginning of 2009 and the market has started recovering from all–time lows. In addition, investor confidence has improved, while economies remain weak, although growth is expected. The majority have in fact returned to growth, albeit only showing a slight rise. Experts are split into two camps: the optimistic and the pessimistic, with some experts expecting a return of the recession while others anticipate recovery.(Revisiting the global crisis,2009) This table below shows the performance for some capital markets indices over the past three years according to CNBC: 20072008Change (%)2009Change (%) DOW JONES INDU AVERAGE NDX13,246.538,776.39 –33.75%10,428.0518.82% NASDAQ NMS COMPOSITE2,652.281,577.05–40.54%2,269.1543.89% S&P 500 1,435.65903.25–37.08%1,115.1023.45% FTSE 1006,456.904,434.17–31.33%5,412.8822.07% DAX8,067.324,810.20–40.37%5,957.4323.85% CAC 405,614.083,217.97–42.68%3,936.3322.32%
  • 26. HANG SENG INDEX27,812.6514,387.48–48.27%21,872.5052.02% NIKKEI 225 15,307.788,859.56–42.12%10,546.4419.04% SHANGHAI SE COMPOSITE INDEX5,261.561,820.81–65.39%3,277.1479.98% Saudi Arabia The Saudi economy in 2010: A great number of reports expect an ... Get more on HelpWriting.net ...
  • 27. Economic Globalization And The Global Economy Since the development of the Internet and other communication sharing technology, the push for free trade agreements, and the sustaining of a prolonged period of international peace, globalization has rapidly taken over political discourse and dealings. The emphasis, in recent decades, has been towards economic globalization with the push for international stock exchanges, and the development of the International Monetary Fund (IMF), the World Bank, and theWorld Trade Organization(WTO). Economic globalization is the development of an interdependent and integrated global economy of independent nation's economies. It occurs through the development of cross–border movement of technology, capital, labour, services, and products. Economic globalization is a product of neo–liberal capitalist market values. The capitalist global economy has lead to an apparent improved global market however the burden of the economic nature of globalization has developed into a dilemma of environmental and ecological destruction. Economic globalization has increased consumption and consumerism, continued the domination of neo–colonialism through eco–imperialism, and dictated the discourse surrounding international environmental protocol and treaties. Economic globalization has rapidly increased world consumption and consumer patterns. With these increases comes the development of more landfills to sustain increased waste, increased transportation of goods and services, and the increased ... Get more on HelpWriting.net ...
  • 28. Impacts on Global Economy Impact of Housing Market Crash "The Impact of housing Market Crash on Global Economy" The housing market in the United States became a nightmare for many people who had taken out loans found and they were not able to pay their mortgage repayments. When the value of homes decreased, the borrowers realized themselves with negative capital. The negative movement of housing sector did effect the United States economy. Individual house owners and investors could not react to the situation and their properties lost value. Rates of mortgages increased extremely high that's why mortgages no longer became affordable for many people, and thousands of mortgages defaulted. Many banks and investment organizations start have ... Show more content on Helpwriting.net ... Then previous summer came the subprime crisis across the Atlantic. By end of the summer, there was a run on a British lender, Northern Rock. A month later, mortgage approvals dropped 31 percent, compared with the number in the previous year, and by November,real estate brokers began reporting the first declines in housing prices. In March, average prices fell 2.5 percent, the largest monthly decline since 1992, according to HBOS, a mortgage lender. (Mark Landler, 2008) "In 2009 the total value of construction in Ukraine fell 48.2%, to 4.78 billion US dollar, after a 16% fall in 2008, according to the State Statistics Committee. In Chernovtsy, the centre of Western Ukraine, popularly known as Little Vienna, construction volumes plummeted 66.8% in January, compared to the previous year. In Kiev, construction volumes fell 27.4% over the same period. As a result of the global crisis, developers now face financing problems. As a result, many construction projects are frozen. In addition, the property market is being swamped by properties sold by cash–strapped buyers." (Global Property Guide 2011) "The boom in house prices was actually much bigger here than in the U.S.," said Kelvin Davidson, an economist at Capital Economics in London. "If anything, people should be more worried than in the U.S."Britain has the most developed home–financing industry, ... Get more on HelpWriting.net ...
  • 29. Encompassing Learning through Life Cycles in the Book... BOOK REVIEW Lifelong learning in the Global Knowledge Economy: Challenge for Developing Countries Lifelong learning is becoming necessary in many countries and it is more than just education and training beyond formal schooling. This book indicated that a lifelong learning framework encompasses learning throughout the lifecycle, form early childhood to retirement, and in different learning environments, formal, nonformal, and informal. This report represents the World Bank's first attempt to lay out an analytical framework for understanding the challenges of developing a lifelong learning system. This book, which is as well as a report presenting lifelong learning in the global knowledge economy: challenges for developing countries, explores the challenges to education and training system that the knowledge economy presents. It outlines policy options for addressing these challenges and developing viable systems of lifelong learning in developing countries and countries with transition economies. This book addresses 4 questions: 1, what does a national education and training system, including its formal and nonformal components, need to do to support knowledge–based economic growth? 2, how can developing countries and countries with transition economies promote lifelong learning, and what challenges do they face in doing so? 3, given limited resources, what type of governance framework promotes lifelong learning for people in general and disadvantaged groups in ... Get more on HelpWriting.net ...
  • 30. Economic Economy : The Global Economy Formative: The Global Economy Topic: Show how the imposition of a tariff by a small country will have a consumption effect, a production effect, a government revenue effect, and a trade effect on the economy of that country. "If the country is a 'small country' in international markets, then the policy–setting country has a very small share in the world market for the product–so small that domestic policies are unable to affect the world price of the good". (Suranovic, 2010, pg. 296). Hence the small country is a 'price–taker' and not a 'price–maker.' Atariff is a tax or duty levied on the imported commodity when crossing an international boundary. (Salvatore, 2012, pg. 113). Tariffs are one of the easiest ways for governments to collect... Show more content on Helpwriting.net ... (Foreign Affairs 2009). Due to which, this small country will engage in trade with other nations. This is illustrated in figure 2. When the country interacts with the world through imports and exports and with the world price of ВЈ10, and with free trade, the nation will consume 100 units of X, this is illustrated by BC. Out of the 100 units, 25 units is domestically produced, illustrated by BD, and the remaining 75 units is imported, this is illustrated by DC. Due to import, the gap between quantity demanded and quantity supplied is filled. The consumer surplus due to this will be ВЈ1250. "Consumer surplus is the difference between what consumers are willing to pay for a specific amount of a commodity and what they actually pay for it". (Salvatore, 2012, pg. 117). The producer surplus will be ВЈ25. "Producer surplus is defined as the difference between the amount the producer is willing to supply goods for and the actual amount received by him when he makes the trade". (The Economic Times 2015) Due to imports, the price of commodity X will decrease, resulting in a situation where this small country will impose a tariff. This effect is often the tariff's principle objective– to protect domestic producers from the low prices that would result from import ... Get more on HelpWriting.net ...
  • 31. Marketing Of A Global Economy The concept of the "sharing economy" is still relatively new and many still have no clue what sharing means. While time–sharing has been around for quite a while; the sharing economy goes beyond time–sharing houses for vacations. Some have begun to share their vehicles and even starting friendly taxi–type companies that offer cheaper rides than the tradition taxi companies. Many have embraced the sharing economy as it is found to be a great value to the consumer. However, companies are seeing it as a serious threat to their business. The debate goes back and forth as to whether the importance of consumer value is in fact causing the replacement of traditional business. The biggest concern is that the sharing economy will thrive and traditional businesses will continue to suffer the loss of customers unless they lower prices and get more competitive. However, for some businesses sticking it out and being more competitive could potentially lead to more financial loss than merely closing up shop. Marketing in a Global Economy Marketing in our economy has become harder and harder as the age of technology grows and billions of people see and ignore advertisements in every aspect of their life. It is rare to even drive down the street without seeing some sort of advertisement these days; even if it's a hand–written picket sign offering lawn service. Business is everywhere and everyone wants in. One of the biggest trends now–a–days is sharing. While time–sharing has been ... Get more on HelpWriting.net ...
  • 32. Globalization Is A Term For International Affairs And The... 'Globalization is a term that came into common usage in the 1980's to describe the increased movement of people, knowledge and ideas, and goods and money across national borders that has led to increased interconnectedness among the world's populations, economically, politically, socially and culturally'. 'Although globalization is often thought of in economic terms (i.e., "the global marketplace"), this process has many social and political implications as well'. Many in local communities associate globalization with modernization (i.e., the transformation of "traditional" societies into "Western" industrialized ones). 'At the global level, globalization is thought of in terms of the challenges it poses to the role of governments in international affairs and the global economy'. 'The world before the 1800's was ruled mostly by the Kings and there was system of Law in place'. As the world entered the 19th Century, there were several changes in system of Ruling. It is important to note that, the world within a span of few decades witnessed an unprecedented growth in the several sectors. Trade and Commerce was developing at a rapid pace. 'As a result of which several people started searching opportunities for a better living. As a result of rapid development in the Science & Technology, Trade & Commerce led the resourceful countries to have an access on the developed mechanisms'. Those countries which had sufficient resources to maintain and develop had an idea of dominating ... Get more on HelpWriting.net ...
  • 33. Introduction Of The Global Economy Stephanie White Professor Greer Introduction to the Global Economy 8 November 2015 Venezuela Venezuela, also known as the Bolivarian Republic of Venezuela, is located on the northern coast of South America and is bordered by Brazil, Colombia and Guyana. The main language spoken is Spanish, but there are numerous other languages spoken around the cities. In Venezuela, there is no dominant ethnicity. Nationalities can range from Spanish and German to African and Arabic. The major religion is Roman Catholic, but there are a few other religions that are less common. Venezuela is normally a hot and tropical place where the Andes Mountains and Maracaibo Lowlands are located. As of July 2015, the population of Venezuela was 29,275,460, the 45th largest country in the world (Central Intelligence Agency). Since Venezuela is located so close to the equator, it only really experiences two seasons: a wet period and a dry period. Venezuela has a federal republic government, which consists of federal state with a constitution and self–governing units (Central Intelligence Agency). The Bolivarian Republic of Venezuela gained independence from Spain on July 5, 1821. Venezuela became its own republic in 1830: up until then it was federated with Colombia and Ecuador (Family Education Network). Under the rule of Juan Vicente Gomez, dictator from 1908 to 1935, oil became a major export for Venezuela. In 1947, Venezuela received the country's first democratically elected president, Romulo ... Get more on HelpWriting.net ...
  • 34. Why China 's Fall Would Have On The Global Economy Using the elements of PEST analysis as a framework discuss what impact you consider China's fall would have on the global economy. The Chinese economy can be viewed as the cornerstone of the global economy. The current global GDP, measured in purchasing power parity of nearly 60%, as well as current international rate of growth at more than 80%, is primarily accounted for by China and other neighbouring middle–income countries, such as India or Vietnam.[1] These numbers are significant in understanding our global economy, which is widely interconnected through alliances of trade, laws and finance, thereby affecting our daily lives politically, economically, socially and technologically.[2] With recent analysis indicating that China's growth has declined to about 6.8% by the end of 2015[3], how would a crash in China's economy affect the global market? Following the 2008–2009 global economic crash, emerging markets like China with a rapid growth rate were presumed to safeguard the larger economies of the European Union, Japan and the United States. As China expanded its industrial revolution with an unprecedented annual growth rate and increased international trade, many countries in particular Germany benefited economically. Germany became one of China's main suppliers for technology that it required in order to produce goods, as well as luxury products such as cars for the new–money generation of entrepreneurs; Chinese buying power currently makes up 6.6% of Germany's ... Get more on HelpWriting.net ...
  • 35. The Impact Of Censorship On The Global Economy Essay Economic Warfare We're living in hyper–connected world, where effective censorship is difficult to maintain for long. Even state secrets, sooner or later, will leak out and become widely available in the internet. The head–liner scandals of Manning (Sledge, 2013), Snowden (Franceschi–Bicchierai, 2014), and Clinton (Carson, 2016) amply illustrate this. What's more, even isolated military misconducts, like the "2007 Baghdad airstrike," (McGreal, 2010) are quickly leaked online and shape public sentiment. As a result, it is becoming increasingly harder for any government to rally support for any military engagement. For example, even though the US people's perception of Syria is worse this year than it was a year ago, still 59% of the population don't wish the government to get more involved (Polling Report, 2016). As a result, the USA and the EU try to compensate through their influence over the global economy. "Since 2005, U.S. policymakers have increasingly turned to sophisticated types of economic sanctions as a foreign policy tool of first resort. From the development of banking sanctions limiting Iran's ability to secure financing from Western capital markets to new sanctions targetingRussia's financial system and the development of its oil resources, U.S. policymakers have touted these innovative tools as extremely powerful while also being tailored and precise." (Feaver & Lorber, 2015) So, why economic warfare is problematic? Economic warfare is exactly what it sounds ... Get more on HelpWriting.net ...
  • 36. Global Economy Is Finally Stabilizing Following The Global... The global economy is finally stabilizing following the global financial crisis and Great Recession. Our base–case outlook for average annual real growth between 2015 and 2020 is between 3 and 4 percent Lower global commodity prices are an important factor supporting stronger economic growth. Although economies that are dependent on commodity exports may suffer, lower input prices for industry as well as lower fuel prices for households will provide a boost to aggregate demand and global growth. We expect emerging economies to continue to grow by more than 4 percent (contributing $16.2 trillion to global growth through 2020 at market exchange rates), while the growth rate of advanced economies is forecast to exceed 2 percent (contributing $13.5 trillion through 2020) for the first time since 2010. The United States is leading the recovery among advanced markets, and we expect the country to be a significant contributor to global growth through 2020. However, we anticipate economic performance to continue to diverge within both the emerging and developed market groupings based on key policy choices, as governments grapple with structural reforms in the context of reduced fiscal and monetary stimulus. In this regard, strong leadership and bold government actions will determine whether national economies can escape from the new mediocre of stable but low growth. Australia resources industry (BHP) Australia has a rich haven of resources in the oil, gas and energy industries. ... Get more on HelpWriting.net ...
  • 37. Global Value Chains And Its Impact On The World Economy Modern production is increasingly growing around the so–called global value chains. According to World Trade Report for 2014, they are one of the main trends in modern economy and trade. Their growth in the last two decades have not only significantly change the nature of the world economy, but also had a strong influence on individual countries. However, the extent and nature of these effects are still not well understood by experts. Typically the value chain include the steps of: design, production, marketing, distribution and after–sales customer service. These steps may exist within the same company and shared between many firms. The fact that a growing number "settles" in various countries indicates the globalization of value chains. ... Show more content on Helpwriting.net ... Understanding the functioning of the administrative structures needed to assess the impact of economic policy on businesses and the location of production. The concept of global value chains was born back in the 1970s. This could be classified as "commodity chains". The main idea of this chains is to trace the transformation of the entire set of source materials and the cost of products and turning them into a final product consumption. Later, the global supply chains were traced on the example of garments ranging from raw materials (cotton, wool, synthetic fibers) and ending with the final product (clothing). In the 2000s, there was a transformation of the concept of global commodity chains in the concept of global value chains. The second concept is trying to determine the most important factors of the organization of global industries, it offers a theoretical basis and practical tools to analyze value chains and different types of management. The idea of the value chain has been proposed by Michael Porter in his book "Competitive Advantage" to identify the sources of competitive advantage through analysis of certain types of activity of the company. In foreign economic literature makes a clear distinction between the chains, initiated by producers and buyers. Value chain "divides the company 's operations in the strategically important activities to examine the costs and existing and possible means of differentiation." The competitive ... Get more on HelpWriting.net ...
  • 38. Effects Of Emerging Economies On North America 's Economy... Introduction: This report is intended to brief the reader on the effects of emerging economies on North America's economy and the global market on a whole. This report provides an overview of the emerging economies of India & China; their education, ideological beliefs & economic performance and how North America's way of business is affected. This report was compiled based on articles from reputable sources, such as Bloomberg and articles published within the industry. This report was authorized by Mr. Laviolette, an Accounting teacher at Jean Vanier Catholic High School. Overview of Global Economy: Today's Global economy is governed by a delicate balance of variables. The addition of a new economy to the global market affects all of the pre–existing variables, bringing with it a host challenges and opportunities. Much like an initial public offering, countries may "buy –in" or develop economic agreements with the emerging market economy (EME). This often results in the country "buying–in" to the emerging economy, getting services or products at a discounted rate, while the emerging economy gets business like China and the United States. These types of agreement may result in the poorer country sacrificing its citizens' well being, to ramp up for economic growth, like China. In the end most countries economies are interconnected for example with the United States–Canada relationship. If one country's economy were to collapse there would be strongly adverse effects on the ... Get more on HelpWriting.net ...
  • 39. Global Economy Essay Global The global economy remained positive despite recent political unrest, especially the between US and North Korea and England's exit from the European Union; inflation pressures, however remained quiet. Cooperative government policies have helped economies endure these politically unstable times and even sustain growth over several years. Faster growth in business investment and positive consumption growth lead to GDP growth in the three largest economies in the June quarter. National The Australian economy has again avoided a technical recession, as it continues to record growth. Looking ahead at the economies horizon, there can cause for concern, the weak wage growth coupled with rising household debt is reducing or at least... Show more content on Helpwriting.net ... In order to pick up the slack, the public sector has improved in two areas, workforce and infrastructure, this is due to the decline in mining–related business investment. This can be seen as a positive for Queensland as its economy is now looking for other, non–mining business investments, and will no longer constrain growth. In the short–term however, there is a degree of uncertainty as the state election is expected to be held at the end of 2017 or early 2018. The unemployment rate in Queensland is currently sitting at a high, 6.5% in June 2017, well above the national average, 5.6%. Over the last 12 months, 45,000 jobs were created in Queensland. A rise in population growth has increased the unemployment rate as there are more people seeking employment. On a positive note, the Queensland economy is expected to recover and transition from the mining boom, with the 2017 SFD growth expected to be at its highest since 2012, at 1.6%. Consumer Sentiment & Retail Turnover. Consumer confidence is down according to the Consumer Sentiment rate, at 96.2 in June 2017, which is measured by Westpac and the Melbourne Institute, 100 being the neutral rate. Consumer confidence has been below the 100 mark for the seventh month in a row, this is attributed to a weakness in the domestic economy; low wage growth, housing pressures and underemployment inhibits growth. The Queensland retail sector ... Get more on HelpWriting.net ...
  • 40. Global Indicator Of Chinese And American Economy 1.American and Chinese economies in terms of using global, ethical, political, physical, and societal indicators. Global indicator of Chinese and American economy Chines GDP is $13.983 trillion and US GDP is $18.1 trillion while overall world GDP is $77.609 trillion both to gather contributes nearly 40% to the world so this says that the changes in any of the economy will have a greater impact on the global economy. Currently the best way to calculate the growth of economy is using PPP model (purchasing power of Parity). China PPP is 12608.87 US$ while US is having PPP is 52117.76 US$ which is major gap and this shows though china is having more GDP number but it's not as strong as the US economy and that is a positive indication for the US. Currently China is over capitalized and facing a bad debt issue which made them the slow growth and this is the one the reason of slow chines growth. Currently china is more dependent on the exports and so many parts of the world are facing recession so that the overall Chinese growth will decline. Australia is more dependent on export to china which will also having a trouble in terms of decline in chines economy. Ethics indicator in China and America Business ethics plays important role for the growth of the economy sometimes violation of that lead to low growth. Chines manufacture produce the low quality good and supply to the world by corruption and bribe to quality checking officers as specially in toys and assemble electronics ... Get more on HelpWriting.net ...
  • 41. The Effects Of Global Warming On Our Economy Global warming is "The increase in Earth's average surface temperature due to rising levels of greenhouse gases" (NASA). This issue is not a myth anymore, is affecting our economy, health and our future aggressively. The need to reduce pollutant emissions is now something urgent and an important commitment for all the nations. Natural disasters, virus and diseases are consequences of changes of temperature, the emissions of carbon gases weaken the ozone layer, water and food pollution. According to the World Health Organization, environmental pollution produces more than seven million of deaths every year. Theglobal warming has been causing damage in this country, the last year (2014) has been considered the hottest year in United ... Show more content on Helpwriting.net ... Other argument for withdraw, was that the implementation of the treaty was inefficient and unfair involving just the developed countries and excluding from restrictions some of the biggest emitters of gases like China and India, because they are considered developing countries. Before the Federal Government began to focus in this problem, the private sector was trying to create programs for the reduction of pollution, but without the political and financial support of the government, all these efforts were insufficient. There are some federal laws to protect our environment and health. The Clean Water Act which prohibits sending pollutants into waters by requiring specific sites that discharge materials. The Clean Air Act has been improving the air quality since 1960. Some of the most recent energy legislation include the Energy Policy Act (2005), the Energy Independence and Security Act (2007), and the Energy Improvement and Extension Act (2008). With the Energy Policy Act, the tax incentives have been reduce the costs of develop and adoption of new technologies (Matzner). Today, as a new political commitment to save the planet, the presidentBarack Obama has created The Clean Power Plan, its principal objective is a thirty percent reduction of carbon pollution from the power sector by 2030. Coal plants are the largest generators of gases and the principal ... Get more on HelpWriting.net ...