Essays on Political Economy

Executive Summary This journal is the learning pathway and reflective report of MSCI506: Problem Solving Skills for Consultants which consists of 5 main sections based on my own personal responses, ideas, and reflections on the lectures, workshops, academic research, and readings relating to the topics...

At the just ended World War II, the International Monetary Fund (IMF) and World Bank were created by the U.S.A and British governments in 1944. They are twin intergovernmental institutions that are puissant in shaping the structure of the World’s development, financial arrangement and to...

Tax is only a piece of the accounting world that has a world of importance, and not just in the United States. Tax accounting is about as evenly important as all other factions of accounting, such as audit or consulting. Tax accounting is the most...

Nations have become independent politically but remain economically shackled in an endless circle of dependencies. The late 1960s was at a time that colonial rulers lost power over colonies in Africa, forcing them to grant independence. In 1944 another form of modern day colonialism was...

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...

Across the globe, even in this great era of modern development and equality, there are still millions who live in impoverish conditions, and despite their hard labour they are still unable to earn enough income to support themselves and their families. These terrible living conditions...

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...

There is a very delicate balance that needs to be upheld in order to prevent the US economy from collapsing completely. The country’s massive debt is a possibly fatal factor that could offset the fragile balance and plunge the nation into chaos. We need change...

Many people have suffered from financial and economic problems throughout the globe. The idea of a universal basic income (UBI) has sparked this trend. The magazine known throughout the world. The UBI is an actual cash payment for all people (2016), the economist states. Indeed,...

We used to compare the Philippines, for instance, to an “oriental pearl”, coveted by colonists due to its rich resource, lush nature, and industrious people. Became a “caged dove”in time of Martial Law and fighting this we earned a title of “sick man of Asia”...

Introduction While Adam Smith died 200 years ago, it is clear his work has had more impact than any other leader in economic history on modern economic policy. While Karl Marx and John Maynard Keynes’s prescription did not withstand the time test, Smith’s ideas are...

 In 1956, Harper Lee, a struggling writer, was presented with an interesting opportunity. Lee’s friends and family got together and presented her with an envelope. The envelope contained money equivalent to a year’s salary and a note reading “You have one year off from your...

Throughout the history of mankind there were only a few social problems, the solution to which still remains an unresolved secret. One of these problems has always been and most likely will be the problem of poverty or high income inequality in certain countries and...

Estonia is a small but developed country, with a population of 1.3 million, located in Northern Europe. Its high-income economy is often referred to as the fastest growing in the EU. In addition to that, Estonian citizens obtain the free education and universal health care....

The 2008-2009 Financial Crisis which is commonly known as the “housing-bubble” threw the United States but other international economies into a severe recession. The first crackle of this panic was the credit boom in mid-2007. This was all influenced based on the rapid growth in...

On July 18, 2019, the house of Representatives finally passed a bill to raise the minimum wage for Americans. The bill calls for a gradual increase in the minimum wage in the United States to $15 by 2025, and will phase out the minimum tip...

“What is poverty?” by Jo Goodwin Parker may be a denotative interpretation of poverty. UN agency the poor area unit and the way the society’s stereotype is injustice. Parker with success describes the poor people’s issues and also the purpose of read that society has...

Introduction Taxation is an act, process or means by which the sovereign (independent state) through its law-making body (legislative branch of the government) makes demand for revenue in order to support their existence and carry out its legitimate objectives (Scribd, 2011). It is imposed in...

Introduction Every government imposes taxes on its people either directly or indirectly. These taxes are in the form of levies such as income, estate taxes, and capital gains, which are imposed on citizens of a country involuntary. Many governments tend to overtax their citizens, but...