1997 Asian Financial Crisis and China

As being one of the few survivors of the 1997 Asian financial crisis, People’s Republic of China presents an impressive economic growth receiving global attention in the last two decades. It has economically continued to have an annual growth of 9 percent for more than thirty years (Lin, 2012) and maintained an average four times … Read More»

2008 Financial Collapse Summary

Dave Levengood “Too Big to Fail” vs. “How an Economy Grows and Why it Crashes” The Great Recession of 2008 was not only the largest economic crash of this decade, it was the largest economic crash since the Great Depression. The Great Recession has been studied extensively since it happened, and there are finite conclusions … Read More»

2008 Recession Causes and Effects

The 2008 recession was one of the worst economic crises in America since the Great Depression of the 1930’s. Caused by the collapse of an 8 trillion dollar housing bubble, the recession eventually led to the closures of many large banks on Wall Street and insurance firms like AIG, and to millions of Americans losing … Read More»

About informal sector

CHAPTER ONE INTRODUCTION 1.1 PROBLEM STATEMENT The informal sector makes a considerable contribution to production, consumption and income generation, particularly in developing countries. For example, it contributed about 8 percent and 68 percent to the GDP of the United States and Bolivia respectively in the years 2002 – 2003 (Schneider 2005). The sector is also … Read More»

A Brief Description Of Singapore

A Journey into Singapore’s Past While the earliest known historical records of Singapore are shrouded in the mists of time, a third century Chinese account describes it as “Pu-luo-chung”, or the “island at the end of a peninsula”. Later, the city was known as Temasek (“Sea Town”), when the first settlements were established from AD … Read More»

Absolute Advantage Comparative Advantage And Competitive Advantage Economics Essay

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Absolute advantage theory was first presented by Adam Smith in his book “The Wealth of Nations” in 1776. Smith provided the first concept of a nation’s wealth. Adam Smith is a grandfather of economics because he introduced two important concepts that many of the new trade theories are based on these … Read More»

Absolute Advantage Theory Analysis

Background of Adam Smith Adam Smith was a Scottish moral philosopher and pioneer of political economy. Adam Smith is well known with his classic works such as The Theory of Moral Sentiments and The Wealth of Nations. Adam Smith was cited as the father of modern economics and is still the most influential economics thinkers. … Read More»

Acceptance Or Rejection Of The Null Hypothesis Economics Essay

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   The appropriate value of t is 2.100. Since we are concerned whether b (the slope of original regression line) is significantly different fro B (the hypothesized slope of population regression), this is a two tailed test, and the critical values are ±2.100. The standardized regression coefficient is 0.063, which is inside … Read More»

Accession Of Russia To The WTO

INTRODUCTION The World Trade Organization (WTO) represents one of the largest international institutes regulating foreign trade activities in general and its trading sector in particular. The big authority and popularity of the WTO in world economic community are connected, first of all, with practical benefit from participation in activities of this international organization. This benefit … Read More»

According to mankiw and taylor

a) According to Mankiw and Taylor (2006), unemployment means that inability to obtain a job when one is willing and able to work. Even though there are several different ways to measure unemployment, this can be normally measured in two ways: the claimant count and the Labour Force Survey (LFS). Get Help With Your Essay … Read More»

ACER PEST Analysis: India And Germany

PEST analysis stands for political, economic, social and technological factors which are used to analyse a macro environment ,market decline or growth, potential before setting up a firm in that particular environment . The output of the PEST gives a clear idea of environmental conditions so that firm can change its mission and vision accordingly. … Read More»

Achievements Towards Wawasan 2020 So Far Economics Essay

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   The implementation of such a great idea was and is still thought to be impossible by many Malaysians. The skepticism of many was understandable, but, as the saying goes, “Rome was not built in one day”. The initial efforts needed to bring the Wawasan 2020 vision to life had already been … Read More»

Achieving Ethical Sourcing in the Apparel Industry

Globalisation and price conscious consumers coupled with ample labour at a very cheap price have contributed towards apparel manufacturing moving in to less developed countries. As a result, developing countries involved in manufacturing gained the technological expertise, foreign investment, employment opportunities and economic growth whilst organisations enjoyed the benefits of cost advantage. However, with disclosure … Read More»

A Comparison Between Socialism And Capitalism Economics Essay

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   The political and economic world has always been dependent on each other, not one can survive without the other and the world cannot function without both. Countries have been competing in finding the best economic and political combination that brings their countries into the power they need to lead the world. … Read More»

Comparison of GDP and Inflation: Japan and Thailand

Thailand That have 2 main trends will be discuss. First one is the trend during years 1996 to 1999. From years 1996 to 1999, it was a period that Thailand created the Asian financial crisis and faced the recession from the crisis until the economy recovered. In 1996, Thailand was facing export stagnation because a … Read More»

A Comparison Of Perfect Competition And Monopoly Economics Essay

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Introduction In order to answer the question of whether ‘the competition is always necessarily beneficial to consumers’, it is vital to address the operation of two extreme sides of the market organisation. The extreme sides of the market organisation are Perfect competition and Monopoly. Once we accustom ourselves with the working … Read More»

A comparison of the main economic systems

The function of any economic system is to produce a set of solutions to the basic economic problem that human needs are unlimited, while the resources required to satisfy them are finite. All economies have to decide what to produce, how to produce and, finally, how to allocate the goods and services once they have … Read More»

A Contrast Of Theories Of Horizontal Fdi Economics Essay

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Foreign direct investment is mainly carried out by multinational enterprises whose economic entities are cross-bordered and presented in two or more countries. This investment often requires a firm from one country account for 10% share at least in the equity capital of another firm in different country. Because of its important … Read More»

A Country Political Instability Economics Essay

As we know that, a country political instability or stability is an important issue to foreign invest. India has been instable politically in the past but it is a slight politically stable in these years. Therefore, our company is investing to the India capital market. There two important political factors that our company need pay … Read More»

A Criticism On Coase Theorem Tautology

In law and economics, the Coase Theorem, attributed to Nobel Prize laureate Ronald Coase, describes the economic efficiency of an economic allocation or outcome in the presence of externalities. The theorem states that if trade in an externality is possible and there are no transaction-costs, bargaining will lead to an efficient outcome regardless of the … Read More»

PETRONAS Company Analysis

Jump to: PEST Analysis of PETRONAS | Impact of Globalisation on PETRONAS | Recommendations for PETRONAS The company of my choice is PETRONAS, the petroleum Multinational Corporation based in Malaysia. The paper will outline the background of the company followed by identification of the actual and potential impacts of globalisation on the company. Recommendation of strategies which the company might … Read More»

Adam Smith Economic Theory Summary

ADAM SMITH Origin Adam Smith who is commonly known as “father of capitalism” was born in the seaport and manufacturing town of Kirkcaldy, Scotland in 1723. He was the son of Adam Smith and Margaret Douglas (Mastin, 2008). His father was a writer to the Signet as well as the comptroller of the customs whereas … Read More»

Adam Smiths Contributions To Economic Theory Economics Essay

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Adam Smith’s chief contribution was to build a coherent and logical theory of how the economy works. The elements of Smith’s theory were mostly already available in the writings of earlier writers. However, in these writings good ideas coexisted alongside numerous other useless theories. Somebody had to figure out which theories … Read More»

Adam Smiths Theories Of Economic Growth Economics Essay

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   Abstract: The purpose of essay wants to explain Adam Smith’s theories of economic growth contributing to the current economic development through investment and capital accumulation. Moreover, this will also shows the role of agriculture in the industry sector and the division of labor in the agricultural sector to the industry sector … Read More»

Adam Smith Wealth Nations Wealt Of Nations Summary Economics Essay

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   In the first sentence of “Wealth of Nations, Smith explained his conception of the nature of the wealth of nations. In so doing, he separated his views from those of the mercantilists and physiocrats. The annual labour of every nation is the fund which originally supplies it with all the necessaries … Read More»

Adaptive and Rational Reactions to the Impact of Macroeconomic Stabilisation Policies

 Reference this Share this: Facebook  Twitter  Reddit  LinkedIn  WhatsApp   After defining Adaptive Expectations and Rational Expectations, explain how the conclusions on the impact of macroeconomic stabilisation policies (and, in particular, disinflation policies) differ depending on whether the agents’ expectations are adaptive or rational. Present arguments in favour or against these two theories. Get Help With Your Essay If you need assistance with … Read More»

Adaptive Market Hypothesis and Behavioural Finance

An Essay on the Relationship between Andrew Lo’s Adaptive Market Hypothesis and Behavioural Finance 1.0 Introduction When in 1936, Keynes compared financial markets to a beauty contest where competitors had to guess who the most popular choice would be, he did not imagined that economists would become fascinated with the contest for explaining the efficiency or … Read More»

Disinvestment And How It Benefits India

Disinvestment, or divestment, refers to the act of a business or government selling or liquidating an asset or subsidiary or the process of dilution of a government’s stake in a PSU (Public Sector Undertaking). The Indian Ministry of Disinvestment in April 2001 published a manual entitled “Disinvestment Policy and Procedures”. In the introduction to the … Read More»

A Definition Of Monopoly Economics Essay

Monopoly is an industry that has only one firm that sells a good which has no close substitutes. Monopoly firms also represent industries because there are no other firms in the market. Products that are from monopoly market are electricity, water, cable television, local telephone services and many more. Examples of monopoly firm in Malaysia … Read More»

A Demand Curve Shifts Economics Essay

A shift in the demand curve to the left or right represents a change in consumer preferences. A shift to the right indicates that an item has become more commercially desirable and that a larger number will be sold at a given price. A shift to the left is just the opposite, indicating that a … Read More»



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