Essays on Economy

Introduction The issue on environmental protection and the global economy is quite a sensitive, broad one. This section of the paper sets to discuss these issues and also their significance. Environmental protection is the taking care of the environment on individuals, organizations or the government...

In early 2000 we experienced a sort of depression with loosing major businesses such as Chrysler and General Motors. With the downfall we seen the housing market skyrocket for a short period of time due to Subprime mortgage loans, where it was easy for people...

The general term of advanced and emerging economies refers mainly to economic stages of development in a country and corresponds to the country’s residents median standard of living, with advanced economies being generally the Western European economies and the USA, the Advanced Capitalist Countries(ACCs) as...

Standing by the busy streets of Irvine Spectrum, California, I used to observe the variety of people who pass through the fast-moving crowd; some were shoppers, a freelancer looking for a coffee shop, or a businessman pacing to get to their job on time. From...

When Singer wrote the famous article on ‘Famine, Affluence and Morality’ in 1972, few people had ever thought about charity work philosophically. Since then, the issue of giving to organizations that claim to alleviate suffering in different parts of the world has been the subject...

Open Source Programming (OSS) is programming whose source code is transparently distributed, which is generally accessible at no charge, and which is frequently created by willful endeavors. Linux has been one of the quickest developing server working frameworks. In fact, in a couple of critical...

History of Hong Kong The history of Hong Kong is a very interesting and unique one. However, due to the limited scope of this paper, only a brief overview will be provided. From 1842 to 1997, Hong Kong was a British colony. Firstly, Britain gained...

Regional Groups are the associations of countries around a particular region whereby these countries have common grounds of understanding and perspectives regarding rules and regulations to be followed when relating with one another. These groups have rules that set them apart from non-members. Intergovernmental authority...

National debt is caused by a government not having enough income through taxes to match its expenditure. This debt is the National Debt. National Debt, results from a government’s expenditures exceeding that government’s tax revenues. What fundamentally causes it though is political unwillingness to raise...

The financial crisis in Ireland resembled the US-style collapse following the easy-money bubble that hit its real estate segment. It emerged from the availability of cheap credit accessible to almost all families desiring to buy and build houses. The process began in the 1980s through...

Financial collapses are always scary and catastrophic events. It’s even worse when barley after a decade has passed since the last one, experts are already saying that another one is imminent. Michael Sandel, is a very interesting political philosopher and the author of the book...

There are a number of potential mechanisms through which Internet use positively affects economic outcomes. Access to the Internet increases information flow which reduces distances between people, firms and nations which in turn reduces transactions and transportation costs. Technological progress depends on the exchange of...

In nowadays, the economy world has developed in term of science and technology. We cannot deny that it has affected on our daily life and it obviously does impact on world of economy yet new techniques and solutions are introduced into the business world and...

Since 1992, EPR has conducted 70 country reviews, with the majority comprising of reviews of the Organization of Economic Co-operation and Development countries, although a growing number of partner countries are participating. The current review cycle examines key environmental trends within any given country, the...

Introduction The use the term today as if it were always part of our lingua franca. But it wasn’t. Not long ago, even economists mocked at the understanding of “Human Capital.” As Theodore Schultz noted many thoughts that free people were not to be associated...

The US began to incur debt before it gained independence where the colonial leaders borrowed money from France and the Netherlands to win their independence from Great Britain. Continental Congress, the predecessor of the US Congress to tax citizens which contributed to the growth of...

As a catering sales manager in the catering company in HK, I have found many food safety productions and services and have also experienced their effectiveness. Most food producers enter the food service system and innovate in the system. Catering services include many activities in...

In this paper, I shall examine three major characteristics of the current dominant economic theory and discuss what I have counted to be its three major assumptions. This theory can nowadays be understood in neoclassical [or neoliberal] economic terms. It is a tridimensional-based theory: people’s...

Consumer choice is a major driving force in the factors influencing various outcomes concerning microeconomics. This is well known and numerous companies attempt to harness this knowledge for profit, but it remains difficult to fully account for the tastes that can make up the complexity...

Introduction By definition, an inward investment involves an external or foreign entity either investing in or purchasing the goods of a local economy. It is foreign money that comes from another country. In other words, foreign direct investment (FDI) refers to an interest in or...

Economics as a science As a matter of fact, all key economic questions and problems arise because human wants exceed the resources available to satisfy them. Our inability to satisfy all our wants is called scarcity. Faced with scarcity we must make choices. We must...

Tensions on global systems, including social and economic, are becoming increasingly more complex and complicated. These layers of complexities and complications, in turn, make it difficult to utilize a single point solution or simple strategy to solve associated problems. Systemic innovation is an approach that...

An economy is a region of the assembly, distribution, and trade, similarly to the consumption of products and services by completely different agents. Understood in its broadest sense, ‘The economy is outlined as a social domain that emphasize the practices, discourses, and material expressions related...

Ox is part of the Ethereum block-chain which is open protocol. Ox’s developing team believes in the near future you’ll discover multiple Ethereum coins and Ox will have implemented a strategic, reliable way that you’ll be able to trade them quickly and securely. This will...

In the pursuit of economic growth, countries today are increasingly becoming more open, with more countries opening up their doors to immigration. With international mobility on an upward trend as a result of rapid globalisation, under-populated countries such as Germany are constantly looking to migration...

Trade has positive impacts on economic growth of the economy so the focus of governments always has been to boost exports and explore markets for the locally produced goods to obtain higher levels of economic growth. Despite the global meltdown, India should steady growth in...

Introduction A little over 200 years ago, Haiti gained its independence from France, which turned out being one of the worst mistakes this country would ever make. Haiti’s economy would spend over a century repaying the French and not focusing on the development of their...

The Great Recession was a duration of general economic decline observed in world markets during the late 2000s and early 2010s. The extent of the recession and timing of the recession mixed from country to country. In terms of overall impact, the International Monetary Fund...

Karl Marx once rightly quoted, “A commodity appears at first sight an extremely obvious, trivial thing. But its analysis brings out that it is a very strange thing, abounding in metaphysical subtleties and theological niceties.” Initial launch of a commodity in market might seem luxurious...

Introduction The world we live in is full of instability and risk. Individuals, families, companies, property and assets are exposed to different types and levels of risk. These include risk of loss of life, health, assets and property, etc. While it is not always possible...