Globalization of Australia

Introduction Liquid Animation This is an entertainment company that is located in the Brisbane. It is known to produce educative, informational, and enlightening and entertainment materials that adapts to the most modern technology. It is known to produce high classic series of animation and general media resources in all the aspects and forms such as […]

Political Globalization in India

Introduction Globalization is defined as the process through which trade and investment barriers are gradually eliminated. It is aimed at achieving efficiency in economic activities by initiating competitiveness while attempting to improve social and economic development. However, there are many misconceptions about the concept. The concept has been in existence for a long period of […]

Global Trends in Economics

Students joining the 21st Century workforce face an occupational world literally unrecognizable to their parents’ generation. Industries, organizations, management and employees around the world are now interconnected in a truly Global Economy; a network that seems to ignore or subordinate geographic, political and even cultural differences for better or worse. Globalization has flattened the world […]

Globalization Benefits

The world is fast changing into one big village. Cultural diversity, religion, race, and differences in ideology, which have created barriers among nations, are fast fading as people learn to accept and tolerate each other. The free flow of capital and labor among nations give evidence of this change. The political, economic, and socio-cultural turbulence […]

Reflective Thinking – Globalization

Introduction Hospitality industry is considered as one of the fastest expanding sectors globally. This is largely due to globalization. Most companies were traditionally fixed to national boundaries until recently when advancement in among others, infrastructure and technology enabled further expansion. This has brought about several changes in organizational structure of the industry. Moreover, the industry […]

Regional Trade Agreement

Concept of Regional Integration The term “regional integration” is not easy to define, but attempts to understand it have been made for years. In general terms, regional integration refers to the ‘unification of nation states into a larger whole’ (Viner 1). It has been commonly described as a process that entails a country’s will to […]

China Currency Manipulation

Introduction The most recent US Treasury Department’s review of foreign trading partner’s exchange rate policies revealed that China is manipulating the value of its currency to boost its global competitiveness. A careful analysis of all evidence on this issue clearly indicates that China has surpassed all well-established limits which have been previously used to establish […]

India and Singapore’s Hard and Soft Infrastructure

Hard infrastructure refers to the physical assets put up to support an economy and its enterprises. Transport network, energy production and distribution, telecommunications and water management are examples of hard infrastructure. Soft infrastructure refers to both physical and non-physical assets that are used to provide the public with specialized services. Examples include cultural attitudes, legal […]

Impacts of Rapid Economic Development in Dubai and Abu Dhabi

The rapid rates of economic development and urbanization in Dubai and Abu Dhabi have attracted international attention in the last two decades. The two cities have attained recognition as major hubs for tourism, investment and market for various goods and services. Their growth in industry and real estate sectors has attracted foreign populations from various […]

Real Estate Sector in Dubai

Real estate in Dubai is supported by both the government and private sector. The government, through various programmes, organises affordable and suitable housing for its citizens. The Sheikh Zayed Housing Programme, established in 1999, provides interest free loans and non-refundable grants for constructing and buying homes (Dubai Land Department 2013). The recipients have to apply […]

Attractive and Unattractive Industries

While having the potential for greater profit attractive industries have a far greater degree of market competition resulting in the erosion of a firm’s economic performance as compared to companies that exist in unattractive industries where through the development of innovative products and services a market dominant position can be reached with fewer problems related […]

Global Economic Crisis

The global crisis team members include; Christine LaGarde, Warren Buffet, & Colin Powell. These are people from various parts of the world who play major roles in the world economy. For example, Colin Powell is an American politician who has experience in military leadership. Having led the American army for many years, he has the […]

Economical Globalization

Introduction Globalization is the process of enabling financial and investment markets to operate internationally. This is as a result of deregulation and improved communication. On the other hand, economic globalization refers to the interdependence of national economies across the world through a rapid increase in cross-border movements of goods, services, technology and capital (Held and […]

The Global IT Industry

The global IT industry continues to show growth year after year, with the software market expanding at a whopping 8% per annum. The convergence of hardware, software and services is creating new markets, and we are witnessing a global paradigm shift from hardware to software. It is anticipated that the IT services industry will expand […]

Organizations and Economic Environment

Introduction The continuous increase in real gross domestic product is what is called real economic growth. Economic growth can originate from efficient production levels or from inefficient production levels. Economic growth can happen with decrease, increase or without any change in the price level. There are various factors that are associated with economic growth and […]

The Risks and Benefits of Outsourcing in Indonesia

Introduction Maurice F Greaver II as cited by Susetio defines outsourcing as “…strategic use of outside parties to perform activities, traditionally handled by internal staff and resources” (1). There are several reasons why companies outsource some of their processes. The business world is increasing becoming competitive at the local and global level. Start up firms […]

Global Trade Imbalance

Introduction Background: Global Trade Imbalance Within the context of international trade, the process of constantly changing patterns of trade is inevitable and, therefore, sustaining a trade balance is a serious challenge for the global community. Trade relations between different countries are not confined merely to the purpose of importing and exporting goods. Rather, the importance […]

China-Certain Measures Affecting Electronic Payment Services

Introduction The UnionPay systems requirements granted the service suppliers to offer payment services using electronic cards to carry out transactions in foreign currencies. Under this system, the Chinese authority categorically stated that the devices used in payment card processes must conform to the entity systems requirements. In addition, it was required that all the cards […]

Origin of Trade Preferences

Freiden notes that political systems mediate and change interests into policy using political machinery (Frieden, 2005). Political machinery come together and change interests of society using different conditions of bargaining and bias among different groups. Established procedures and rules in domestic political systems show group strength normally for a long term. However, institutions can create […]

A Government Cannot Support Domestic Audiovisual Industry Without Discriminating Against Foreign Products

Introduction Several nations have developed ways of safeguarding their local film industries through conserving market share of domestic films against domination by American films. The market share of American’s films is about seventy percent in the entire world. Many countries have created protectionism techniques such as tax concession, import quotas, subsidies, and screen quotas to […]

Ease of Doing Business in Qatar

The World Bank created an index that determines the ease of investing in different countries across the globe. In ranking countries, the ease of doing business index considers numerous factors, such as starting a business, dealing with construction permits, registering properties, enforcing contracts, getting credit, paying taxes, trading across borders, and resolving insolvency. Countries having […]

The Experience Economy

Introduction Maunder & Maunder (1979, p. 41) explain that the economic problems and policies implemented in developed countries have placed significant boundaries and constraint. The establishment of new intervention principles and the surfacing of new regulatory organizations have been the combined effect of the political values and economic conditions in many countries. Many nations have […]

The Economic Environment of Business – Haier Company

Introduction Economic environment is a study area of economic and has a major focus is environmental issues. The central part of economic environment is market failure. Therefore, for effective economic environment, the management of an organization must focus on market success. For instance, marketing strategies must be employed to have effective environmental economics. An international […]

Relationship between Neo-liberalism and Imperialism

Introduction Neo-liberalism and imperialism are two concepts that expound on the political and economic discourse in the world. The two are part of the many concepts that theorize the functioning of the society. Therefore, the two concepts are highly related in the manner in which institutions in the contemporary globalized economy function. Neo-liberalism, which was […]

The significance of Adam Smith’s “invisible hand” concept on modern economics

Introduction Adam Smith, the Scottish economist, studied at the Glasgow University and the Balliol College of Oxford in England. He taught and published a number of works like “The theory of moral sentiments” in 1759. His publications gave him the motivation to conduct a study on the causes and nature of the wealth of nations […]

RMB in China

Is RMB trading at fair value? One of the subjects that have continued to raise a discussion is if the Chinese Yuan has been trading at its fair value. In 2007, China’s GDP was estimated to be over 10%, which was considered as its peak. The current-account surplus during the same year provided a strong […]

Critical analysis of Greece

Introduction Globalization is instrumental to the current economic trends in countries all over the world. These include the intra-industry trade, which brings together or connects the world through the sharing of ideas, technologies, and trade markets among other things. According to Ricardo’s theory of comparative advantage, countries trading with each other benefit a lot from […]

The Cuban Health Care

Today, to develop effectively according to the global economic tendencies and local ideological principles, the health care system of Cuba should balance between focusing on the traditional socialist patterns associated with the gift-giving principles and modern economic and market trends typical for the global community’s progress. This controversial situation of balancing between two extremes can […]

The development in Abu Dhabi and Dubai

Introduction Historically, the UAE used to have a variety of issues concerning housing projects. Othman (2008) stresses that numerous projects were unsustainable and inefficient. At present, the governments of Abu Dhabi and Dubai have announced that a number of initiatives will commence (Sheikh Zayed housing programme 2013). For instance, the government is committed to provide […]

Monetary Policy and Impact on Economic Stabilization

Introduction Countries, like businesses, control their economic positions to maintain a healthy economic stance regarding their financial resources. Often, the nations establish their respective central banks that act as the finance department in the country to regulate both the money, as well as the credit system. The central banks use varied policy tools, including bank […]

The Economic Effect of Issuing Food Stamps to Those in Poverty

Introduction There are several effects of issuing food stamps to people who are faced with abject poverty. The major effects are economic. These effects vary depending on location, eating habits, income and other socio-economic activities. In my research, I will find out and analyze various effects of issuing these food stamps. To achieve objectives of […]