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“Planet of the Slums” by Mike Davis Review

Mark Davis attempts to link the exponential growth of slum areas with industrialization in the Planet of the Slums. The story revolves on the statistics provided by the United Nations stating that approximately 1 billion [...]
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Rising Oil and Gas Prices Consequences Analysis

The Economist in a report stated, "The fall in the oil price has stopped for the moment. Or in other words, the higher the price, the lower the quantity demanded.' But if we look at [...]
  • Pages: 6
  • Words: 1456

Marxism and Health Economic Inequalities

Tackling health inequalities is a top priority for this Government, and it is focused on narrowing the health gap between disadvantaged groups, communities and the rest of the country and on improving health overall.
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  • Words: 2555

Music Industry-Related Issues in Economics

The music industry, and other types traditional of media such as film and TV may have a difficult time adapting to the digital age but BigChampagne LCC has reported that around one billion songs a [...]
  • Pages: 3
  • Words: 1195

Economic Inequality and Government Policies

One can argue that such policies and other tax deductions that are given to home owners have heavily contributed to the increase in economic inequality in the country.
  • Pages: 5
  • Words: 1390

Scarcity as the Basic Economic Problem

The major difference between the market and command economy is in the allocation of power over production. In a market economy, the engagement of the government is not present at all.
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  • Words: 579

Menu Foods Tainted Pet Food Crisis, 2007

Notably, Menu Foods did not disclose the results of the previous examination but asked the laboratory to test the food for pesticides and insecticides as if the cats were refusing to eat it.
  • Pages: 6
  • Words: 1702

President Trump’s Impact on Economy

However, it is of high importance to analyze how practices and policies, implemented by the president, has impacted the economy of the nation. In conclusion, it should be stated that, based on the current policies [...]
  • Pages: 3
  • Words: 921

Subprime Crisis of 2008 and Its Reasons

The Subprime Crisis affected the performance of most financial institutions within the US and outside the country. The events of 2007 and 2008 have revealed crucial deficiencies in the risk models of many corporations.
  • Pages: 2
  • Words: 291

Unemployment Rates and Credit Card Debts in the US

The reduction of the unemployment rate is logical as changes have affected the labor market. Concerning debts on loans, too open system of bank lending to the population can be an additional factor causing this [...]
  • Pages: 2
  • Words: 270

Debt After the Financial Recovery: Articles Review

In the first decade of the 21st century, when the crisis burst, it was considered that the repayment of the accumulated debt would take time, but the recovery of the crisis substitutions has been procrastinated [...]
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  • Words: 617

European Monetary Union and Its Crises

The introduction of the European Monetary Unity was meant to uplift the economies of member states. The introduction of the EMU led to imbalances, especially, in the private sector.
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  • Words: 656

David Harvey’s Movie “Crises of Capitalism?”

According to the opinion of the expert, the problem is that every system has some risks and the crises that society is experiencing today are the result of how the conflicts were managed and mitigated [...]
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  • Words: 599

Crises of Capitalism?

Although I had an idea of the possible catalysts of the 2008 global financial meltdown before watching the video, Harvey presented a clear report of the events that occurred before the crisis and put them [...]
  • Pages: 2
  • Words: 568

Economics: “Fluctuations in Uncertainty” by Bloom

According to Bloom, the macro uncertainty increases during recessions as a result of leverage, risk aversion and the following increase in the options price, the diversity of forecasts and the personal uncertainty of the forecasters, [...]
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  • Words: 714

Bolivian Water Supply

A graph Showing Price Determination by Market under Different Quantities As the government of Bolivia imposes the price floor on the sale of water, a number of issues will consequently emerge.
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  • Words: 724

Industrial Relations and the Economic Crisis

As the industrial dispute is a phenomenon that affects economic and social sector, it should be approached with the help of the pluralist perspective to the industrial relations.
  • Pages: 2
  • Words: 534

Economics: “Not What They Had in Mind” by A. Kling

Among key illusions that caused the financial crisis, one can note that the participants in the financial market were excessively confident in mathematical models of risk along with financial engineering, relying on credit rating agencies [...]
  • Pages: 3
  • Words: 1110

The Global Economic Crisis

My view is that the great depression of the 1930s could be excused because the globe was just coming to form the repercussions of the First World War, and again the Second World War was [...]
  • Pages: 7
  • Words: 2156

Principal-Agent Problem in Labor Economics

Change of management in an organization leads to a change in the identity of the organization, which means that the outside and the inside community identifies the company with the government, and growth of the [...]
  • Pages: 3
  • Words: 879

What Really Caused the Eurozone Crisis?

The excessive risk-taking in the eurozone during the global credit crunch cycle contributed to a financial crisis, an economic downturn, and a significant fiscal cost. The crisis countries shared a common factor of running the [...]
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  • Words: 873

Global Financial Crisis and Its Ethical Causes

The reason for this is simple the analysis of what had brought about this particular financial crisis and what accounted for the subtleties of its extrication points out to an undeniable fact that it was [...]
  • Pages: 7
  • Words: 2093

Euro Crisis of 1930 and 2008 and Its Resolution

For purposes of ensuring financial stability and avoiding a case where the Euro economy kneels, the option proposed by experts is to have other countries in the region erect financial firewalls to absorb the impact.
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  • Words: 1235

Greece’s Economic Crisis in the Social Context

In his article "The Welfare State and the Crisis: The Case of Greece", Manos Matsaganis concentrates on determining and analyzing the main causes and effects of the crisis in Greece in the context of the [...]
  • Pages: 2
  • Words: 523

Sovereign Debt Default

To begin with, the Sovereign Debt Default cases in most of the affected countries have been triggered by unwise lending. Fraudulent lending may also weaken the ability of a borrowing country to repay a given [...]
  • Pages: 2
  • Words: 283

The Big Short: Inside the Doomsday Machine

Lewis also explores the bond market and exposes the institutions, banks, governments, and people who were aware of the impending doom on the stock market and the crisis but chose to stay quiet due to [...]
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  • Words: 659

The Worst Market Crisis in 60 Years

The article under analysis discusses the problem of credit expansion in the United States as the core of the global financial crisis in 2008.
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  • Words: 561

Impact of Brexit on the UK Financial Sector

Here, the scope of the analysis is centered on understanding the threats and opportunities of the move and the models of economic relations between the UK and the EU.
  • Pages: 8
  • Words: 2307

Oil Dependency and Economic Crisis in Venezuela

With the end of the last cycle of high oil prices in 2014, it became clear that the Venezuelan government has not made adequate steps to prepare the country's economy to function in the new [...]
  • Pages: 8
  • Words: 2281

Financial Crisis of 2008

Economics specialists have argued that the global financial crisis of 2008 was caused by a combination of factors, including the abundance of cheap credits in the macroeconomic environment as well as counterproductive decision-making in governments [...]
  • Pages: 7
  • Words: 1979

The U.S. Debt Crisis

In other words, people are investing in the U.S.government due to the assurance that when it is time to collect the debts, the government assured them to pay the amount it owes to the investors [...]
  • Pages: 6
  • Words: 1631

Unemployment Values: Types and Impacts

The first impact of unemployment on the economy is the extra financial costs that a government may have to incur when unemployed persons are paid some stipends.
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  • Words: 569

Great Depression in the United States

The Great Depression of the 1930's is the most significant economic crises in the history of the modern world and the United States, in particular.
  • Pages: 5
  • Words: 1418

City Size and Urban Economics

On the other hand, city dwellers and people working in urban centers will find this topic of the relationship between city sizes and utility as very important since it elucidates the trade-off between agglomeration economies [...]
  • Pages: 8
  • Words: 2269

Income Inequality Issue in the United States

It has been boldly predicted that the rise of income inequality in the United States of America will become one of the most complicated issues to resolve over the next ten to twenty years.
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  • Words: 557

The Central African Republic Economy

However, certain issues hamper the development of the state, the steep rise in the corruption levels, and the subsequent reduction of the commodity prices being the key one. A gradual rise in the economic progress [...]
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  • Words: 609

International Money Laundering

Thus, money laundering has a profound impact on the state of the global economy, as well as on the economy of the U.S.
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  • Words: 1207

Fraud in Nonprofit Organizations

If the organization implements the anti-fraud activities, it will be able to experience all types of benefits and protect itself from fraudulent events.
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  • Words: 548

The Global Financial Crisis and Its Effect

The latest global financial crisis managed to restart a debate on the value of both the stakeholder as well as shareholder theories. This led to the managers being more attentive to the prices of the [...]
  • Pages: 6
  • Words: 1653

Cuban Economy: Country Risk Analysis

The analysis of the Cuban economy shows that the results of 2013 and 2016 differ considerably. 44 billion and became second in the ranking list of GDP globally.
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  • Words: 924

Unemployment as a Local Economic Issue

The evaluation of these aspects is crucial to the current research for the reason that it would help highlight the weak spots of the modern employment apparatus and suggest novel ways of dealing with unemployment.
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  • Words: 532

The US Economics History

The economic situation in the US during the 1970s was connected with the Great Inflation that was observed from the middle of the 1960s till the beginning of the 1980s.
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  • Words: 594

Economy of Russia: Analysis

The framework designed by the state authorities is quite different from the Western counterpart because it is supposed to represent the needs of the Russian people and be applicable to the environment of the target [...]
  • Pages: 7
  • Words: 1948

The National Debt of the USA

Thus, it is necessary to consider reduction of expenditure and the increase in taxes to ensure the country's economic growth and reduction of the national debt.
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  • Words: 605

Economic Problems and Solution in the USA

The primary purpose of the paper is to examine the problem of the Great Depression of the 1930s, the Stagflation of the 1970s and 1980s, and provide the Keynesian and monetarist solution.
  • Pages: 8
  • Words: 2282

Economics: Limited Resources and Growing Human Needs

Based on the experience of conducted studies, it can be concluded that one of the basic problems of the modern economy is substantial limited resources that exist in conditions of unlimited human needs.
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  • Words: 584

Economic Policies During the 2008 Great Recession

The main impact of the recession in the economy includes the decline in production, the collapse of the financial markets, decrease in lending activity, the increase in interest rates on credits, growing unemployment, decline in [...]
  • Pages: 3
  • Words: 874

The New York Stock Exchange: Opportunity Inequality

The purpose of this paper is to describe and analyze the inequality of opportunity in the New York Stock Exchange with a goal of identifying the reasons behind the opportunity disparities between the rich and [...]
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  • Words: 874

Market Failures and Impact of Human Activities

Stern insists that it is the most problematic market failure in history, and it would be reasonable to conduct a global economic analysis because it is quite evident that possible risks are enormous, and the [...]
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  • Words: 681

Financial Crisis and Great Recession Causality

The financial crisis is typically viewed as a primary factor behind the development of the Great Recession. Instead, the financial crisis of 2008 can be deemed a prerequisite of the Great Recession as well as [...]
  • Pages: 4
  • Words: 1155

Scarcity, Decision-Making, and Macroeconomics

The inability to concentrate on a particular task due to distractive thoughts about an ill parent/child or the need to make provision for a family usually plays a huge disservice in the matters of general [...]
  • Pages: 3
  • Words: 840

Unemployment as National Economic Health Indicator

Unemployment is considered a key indicator of national economic health as it directly reflects on the efficiency of government policy and the population purchasing potential. The concept of the natural level of employment in the [...]
  • Pages: 4
  • Words: 1121

Can Europe Be Saved?

The article "Can Europe Be Saved" written by Krugman begins by drawing the attention of the reader to the magnitude of the crisis which faced Europe.
  • Pages: 2
  • Words: 552

The Role of the US in Developing Haiti’s Economy

It happened when the economy of Haiti had shown signs of growth after the United States passed the Haitian Hemispheric Opportunity through Partnership Encouragement Act, the Act was crucial in boosting the apparel industry in [...]
  • Pages: 3
  • Words: 851

The Ponzi Scheme’s Concept

In this type of scenario, high returns are paid to early investors using the money from later investors, but, in the end, the scheme collapses when there is no longer enough money to complete the [...]
  • Pages: 2
  • Words: 576

Sustainability Initiatives and Economic Regulations

Therefore, the reinforcement of responsibility among the stakeholders and the focus on factoring the essential principles of sustainability in the framework According to the Saudi Arabian Vision 2030, the focus on preserving the biodiversity of [...]
  • Pages: 8
  • Words: 2175

Economic Crimes and Oil & Gas Transactions

2 To understand the aspect of money laundering, it is important to know what necessitates it, the people behind that act and what their motives are, and the strategies put in place by the authorities [...]
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  • Words: 5610

The World Economic Crisis in Stiglitz’s View

The arguments by Joseph Stiglitz on the approaches the IMF took to solve the financial crisis in East Asia are substantial since countries have different political, economic, and social systems that guide their market operations.
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  • Words: 651

Financial Crisis and Its Impact on UAE Construction

The determination of this research is to evaluate the enactment of construction corporations in the United Arab Emirates for the period of the pre and post worldwide eras of financial disaster, which is from 2006 [...]
  • Pages: 8
  • Words: 1331

Economic Crisis in the USA

As such, the future of USA economically is in the hands of the Chinese if the government and the business owners will not provide a solution to the bombes launched against the country.
  • Pages: 13
  • Words: 3663

Income and Wealth Distribution in America

The breakdown of the income of American families in 1972 and 1976 is shown in Table 1. Table 2 shows the distribution of wealth among American households in 1962.
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  • Words: 601

The Improvement of the U.S. Economy

Mainly, the paper targets the issues of the U.S.fiscal debates, the introduction of the American Reinvestment Act. According to the review of the content of the American Recovery and Reinvestment Act, the beneficial reformations, which [...]
  • Pages: 2
  • Words: 545

The Social Cost Issue

The concept of "social cost" is applied in the economic analysis and estimation of most impacts. The writer observes the economic implications of such impacts on the social realm.
  • Pages: 10
  • Words: 2761

Japan’s Economy and Endaka Process

The main discussion centered on the dollar development in relation to the Yen currency. For example, the heightened price of the dollar on the Japanese cars led to a drop in their competitiveness.
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  • Words: 1176

2008 Financial Crisis in Dubai

In order to address the collapse in the real estate market observed in Dubai in 2008, the Emirate's authorities focused on elaborating stricter regulations on developers of the housing projects and on the buyers. 26 [...]
  • Pages: 11
  • Words: 3133

Economics and the Great Inflation in US and Japan

In the 1990s and the early years of the 21st century, the federal reserve policy makers opted to adopt the mop-up-after strategy-policy of letting the bubbles burst and then mopping up there after.
  • Pages: 4
  • Words: 1168

Unemployment in Sweden: Causes and Solutions

This research looks at one of her most celebrated program that turned out later on to be the source of misery to a good number of her population; that is the welfare program that was [...]
  • Pages: 16
  • Words: 6571

Dubai City Crisis: Rise and Fall

The size of a city serves as a measure of economic performance and it also focuses on the existence and development of a positive feedback of a given city.
  • Pages: 4
  • Words: 1172

Brazilian and Argentine Economic Crisis

The crisis has worsened because of economic policies put in place by the government and ratified by the International Monetary Fund and the United States' authorities.
  • Pages: 2
  • Words: 470

Lithuania Economic Issues

The economy of the country is in a poor state and Lithuania also has to deal with the issues concerning emigration due to the economic problems.
  • Pages: 2
  • Words: 560

The Long Bow Village Economic Reform

Despite the fact that originally, the economical reform that was carried out in the Long Bow Village, was intended for the fair distribution of the land resources, some of the aspects of the procedure were [...]
  • Pages: 6
  • Words: 1615

Unemployment Rate of Saudi Arabia

This paper discusses the impact of unemployment on the economy of a country and explores the rates of unemployment and GDP growth in Saudi Arabia.
  • Pages: 3
  • Words: 830

Economic and Financial Inequality in South Korea

South Korea is one of the countries that are trying to overcome social exclusion and inequality in the workplace. Social exclusion of the migrant in South Korean is a challenge that continues to affect the [...]
  • Pages: 10
  • Words: 2943

Income Inequality: China Case Study

It is obvious that the mentioned issues are among the most relevant reasons for II; eliminating them should lead to the improvement of II situation in the world.
  • Pages: 7
  • Words: 2042

Optimizing Production in the Food Industry

The realization that tones of food end in landfills through irresponsible habits should drive people to engage in rational behavior about consumption, and storage of food. Also, correct societal perception would help in instilling the [...]
  • Pages: 6
  • Words: 1743

The Experience Economy

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.
  • Pages: 2
  • Words: 566

Economics for Transport Managers

A reduction in the quantity demand will result in the quantity demanded from Q to Q1 will result in the reduction of the price of the laptop computers from P to P1.
  • Pages: 4
  • Words: 1132

Emerging Economies in Business Company

As a CEO of a multinational that aims to stay ahead of its competitors, exploiting all opportunities in 'bottom of the pyramid' market segment is important.
  • Pages: 2
  • Words: 565

Why Do Acquisitions Fail?

In the context of flawed strategic vision, Metz blames a majority of the business executives concentrating on the financial outcome of the acquisition instead of the core capabilities embedded in the company that is visible [...]
  • Pages: 2
  • Words: 746
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