2432 samples of this type
Dynamics of supply and demand in the oil industry and the global financial issues have resulted in unprecedented instability in prices of the commodity in the past few years. Meanwhile, oil refiners have faced sudden changes in profitability. Consequently, many refineries have adopted different hedging strategies as attempts to manage...
The landmark multilateral agreement at the Bali conference in Indonesia under the umbrella of the WTO remains a major achievement of the Doha Declaration. The ministers had agreed to adopt about 50 decisions on different issues such as agriculture, investment measures, textile and clothing, technical red tapes to trade, and...
Poverty is defined as the state of deficiency of a certain amount of material wealth or money. In common use, it normally refers to a lack of enough food materials, safe and clean water, healthcare and education, and clothing and shelter. World poverty figures have been rising since the second...
Introduction This section will briefly introduce two scientific approaches to monetary policies. In particular, it will be important to mention the debate between Banking and Currency Schools. One should also identify the leading representatives of the two schools such as Robert Torrens and Thomas Tooke (Daugherty 140). It is important...
Introduction Nigeria possesses one of the world’s largest hydrocarbon deposits and is one of the top oil-producing countries in the world. Aka confirms that Nigeria is an important member of OPEC owing to its vast crude oil reserves (229). As such, Oil has continued to play a significant role in...
The pace at which the US Federal Reserve has been applying mandatory cuts on bonds has raised different reactions from the business community. Opinions have been divided on whether to allow the economy to recover or decrease bond purchases at the present pace within the year. The unpredicted economic performance...
Industrialization is a process of the fast development of the industry of a certain state in a certain period. Usually, it is determined by a set of reasons which exists at the current stage of development of a country. This phenomenon could be found in the history of each developed...
In March 2014, the “Globe and Mail” carried a story on Ukraine’s move to impose new tariffs on car imports and the possible economic consequences of this initiative. Ukraine is one of the newest members of the World Trade Organization. It joined the group in 2008. In addition, it is...
Introduction Predatory practices are admittedly and notoriously unethical as they are harmful to the borrowers and potentially for a country’s economy. While the wrongness of the predictors’ actions cannot be denied, it is not uncommon for victims to be blamed as well. In order to define the guilty party, it...
The move by Prime Minister Najib Razak’s government to apply cuts on subsidies in 2013 to reduce Malaysia’s fiscal deficit and high debt burden is part of the reason for the faster increase in prices of essential commodities. So high was the inflation that the consumer price index surpassed the...
Introduction Changing and unpredictable economic trends due to globalization have forced many people across the world to question the real meaning of life. Constantly changing economic crises have overwhelming effects on various economic activities which have stimulated social, political and economic reforms aimed at alleviating economic forces of globalization that...
Employment in the UK has shown a positive sign that many believe to be a mark of an economic turnaround. The unemployment rate has fallen considerably, and the rate of employment of women and that of youths has increased (UK unemployment falls by 125,000 to 2.34 million). Analysts believe that...
Introduction This paper presents a detailed macroeconomic analysis of Saudi Arabia. The study will focus on four areas, namely, unemployment and inflation; fiscal policy and monetary policy; economic reforms; and balance of payments and exchange rate. Saudi Arabia is the largest economy in the Gulf Cooperation Council (GCC). It is...
Introduction Companies are always looking for new tactics to help increase their efficiency and decrease production costs. Such strategies result in increased productivity, thereby promoting organizational growth. One strategy that has become popular among American firms over the past decades is outsourcing. Outsourcing is the results-oriented relationship of a company...
Introduction The United States of America has instituted various fiscal and monetary policies to ensure that the economy remains competitive. According to the Bureau of Labor Statistics, the economy is the largest in the world although it faces numerous challenges. Since the global financial and economic crises of 2007 and...
The Japan-US relations have been a complex issue for a long period of time. The problems based on the idea of the American military bases on the territory of Japan, Okinawa in particular, caused a number of discussions as it had a certain impact on the country’s economic and political...
Investing into a foreign country is always fraught with a range of risks, which the project concerning the analysis of the Italian business sector is a prime example of. A detailed study of the environment, which the Italian private sector has to offer for a foreign investor has shown that...
Every economy has its purpose and role in society. It is necessary to comprehend a true worth of economy to use its benefits and succeed. As a rule, there are four main functions of the economy: the identification of what should be produced, the analysis of production amount, the description...
In an ailing economy and threats of frequent economic crises, one of the main areas of interest is the idea of tax reforms. Some scholars argue, within the context of classical versus Keynesian economic theories, that the ailing economy is a strong incentive for implementing tax reforms to reduce the...
Introduction In many modern societies, getting rich is the major goal pursued by every member. In spite of this, very few people understand the key steps that should be followed to achieve the objective. A number of factors must be brought together for one to become rich and successful (Dennis...
The Article in the New York Times On 31 August 2015 The New York Times published a rather controversial article by the title ‘As His Term Wanes, Obama Champions Workers’ Rights’. The story is an almost perfect example of labor economics, as it involves the employees of the labor services...
Tracking down the progress of an organization is an essential part of the analysis that helps locate the problems and obstacles that a firm may face (Majumdar, Das, & Alagirusamy, 2012). Therefore, the application of control charts as one of the most efficient tools for the analysis of the company’s...
Creating a budget for a project is a complex task that requires a careful analysis of the existing assets and an evaluation of the threats that the project in question may be exposed to. Traditionally, two strategies for calculating the budget are identified; these are the top-down and the bottom-up...
Insurance has a long history, which stretches back to the 3rd millennium BC. In its early history, insurance was nothing other than rudimentary risk spreading mechanisms employed by Chinese traders. They distributed their wares into many vessels so that if one or a few vessels capsized, the loss was evenly...
With the development of technology and the growth of international relationships, globalization has become an (ironically) global tendency. But what exactly does it mean for a country – to be globalized? And what challenges a modern developed country would face if it wanted to become more globalized? The article on...
Summary of the book In their book, Scott Bittle and Jean Johnson discuss various financial problems that currently affect the United States. Overall, the authors focus on such an issue as the growing national debt of the country (Bittle and Johnson 4). In their opinion, this tendency has long been...
Introduction Capitalism is defined variously by different scholars. Many view it as an economic arrangement in which the means of production are exclusively held by private investors. In addition, the businesses are operated with the sole purpose of making profits. The main characteristics of capitalism include competition and capital accumulation...
Book Citation Chomsky, Noam. Profit Over People: Neo-liberalism and Global Order. New York: Seven Stories Press, 1999. Print. Author’s Credentials Professor Noam Chomsky is the author of the book “Profit over People”. Chomsky is a scholar who has written many books and journal articles in current affairs, politics, governance issues,...
Introduction Financial stability of any company helps in creating good reputation that could be considered by banks for future loans. The management team should focus on strengths since this is the core that determines the status of each section of the company. Calculations on financial ratios are basically derived from...
Introduction This paper is based on the topic of consumerism. It explores the topic by looking at the problems of new consumerism and how they may be addressed. It is argued that new consumerism is exacerbated by the conventional view that the consumer knows it all. The paper is based...
The aspects of gambling are actively discussed by politicians, economists, sociologists, and psychologists. The discussion usually depends on determining the negative impacts of gambling on the people’s life and welfare. Nevertheless, some economists and politicians claim that legalisation of gambling in definite states can contribute to raising revenues. Some US...
The US has the largest economy across the globe. However, it has been experiencing challenges that are associated with recession following the 2008 economic crisis. Unemployment constitutes one of the biggest problems in the US. As Rothstein and Valletta (2014) confirm, after the recession, unemployment has been one of the...
