Influences on Political Economy Essay Examples and Topics

Reconciling the surplus labor with the law of value

The law of value of a commodity refers to the total number of person-hours used in order to produce a particular good or service, under the normal working conditions, with the provision of the necessary equipment or machinery. This also takes into account the work force input, the raw materials and the tear and wear […]

The Role of Industrialization in Development Economics

Introduction Developing countries also referred to as less developed countries are those nations characterized by poor standards of living, low per capita income, underutilized industrial potential and low level of human development index, in comparison to other nations. A developed country on the contrary is defined as a country which has the potential of providing […]

The realities of Tourism and Economic Development

Introduction According to Harcombe (2012), tourism can be defined as travelling for business, pleasure or recreational purposes. Different scholars have advanced many other definitions of tourism to introduce or cover different components of this activity. However, in all these definitions, it is evident that tourism is an activity that individuals engage in to escape the […]

China and America Economic Analysis

China and US Economic Indicators There has been a lot of comparison of China’s economy with the United States due to the economic growth China has been experiencing in the recent years. The United States however still remains quite ahead of China in terms of economic indicators such as employment and GDP. The GDP of […]

The Length of the Working Day and Class Struggle

The significance of each workday time-span According to Marx, there are some levels of significance attached to the length of each working day. In fact, the power and quantity of labor should normally be purchased and consequently traded at a price that matches its worth or value. The final value derived from a product accrues […]

The Political Economy of Germany

Overview of the political economy of Germany According to Organization for Economic Cooperation and Development, Germany is one of the strongest economies among the countries that form the European Union (16). During the last quarter of the year 2011, the real gross domestic product of Germany stood at $ 3.479 trillion (Global Finance 1). This […]

The Political Economy of Great Britain

The Political Economy This paper seeks to discuss the political economy of Great Britain. Great Britain is made up of England, Wales, and Scotland. Great Britain is ranked number four in Europe in terms of population density. A majority of the inhabitants of Great Britain are English making up 80 per cent of the present […]

Economics phenomenon

Economics may be defined as the allocation of resources including time, mental energy, or even capital resources to a business venture to solve a problem. As a discipline, economics incorporate other disciplines that are related and affect human life in one way or the other. Economics interacts with human behavior in solving different problems that […]

Response to Rodrigo Mantica’s Paper

Introduction Mention the word bourgeois and thousands of heads will turn with scorn and disdain as if this is an evil name. People have developed a misconstrued perception of wealth to warrant discriminating against rich people. There have been continued efforts to unify the world by developing strategies aimed at promoting social and economic equality. […]

The History of Economic Analysis

Jewish and Christian opinions on Usury Researchers believe that the Christian and Jewish theorist have varied opinions when it comes to the issue of lending money. They have notable differences concerning the study of medieval European view which was meant to prevent taking interests on loans. The insights and governing interpretations of the medieval Rabbis […]

Commanding heights

Two Opinions There are two different opinions in the modern world about the priority in the commanding heights. There is no one firm point of view shared by all the scholars, as some of them are sure that the state controls the commanding heights while others believe that the companies are the rule setters in […]

Impact of Gambling on the Bahamian Economy

Introduction Bahamian Economy The economy of The Bahamas is strongly shaped by aspects of the growth of touristic services and packages, foreign dominance of its main sectors, development of financial services, foreign capital inflows as well as a state revenue collection through indirect taxation (primarily of the import customs), while evading taxation on earnings and […]

Labor Economy Generating Factors

Factors that affect labor supply Several factors affect the labor supply as evident in the survey results. Reflectively, equilibrium and transitional wage differentials offer a valid explanation for the elicit labor differential persistence in the labor markets as part of the supply constraint. Reflectively, homogeneous jobs and perfect competition within the labor market are critical […]

The Economic Impact of Implementing Electronic Medical Records (EMR) in the United States

Introduction Electronic medical records (EMRs) are becoming the standard in the health care industry with more health care institutions replacing their old paper based medical records (PMR) with this new systems. This move to EMRs has been prompted by the numerous benefits that these computer-based systems propose to bring to the health care industry. In […]

The end of the free market

Introduction Having experience in the political and economic fields for many years, Ian Bremmer can be considered to have strong evidence in his extensive research on global economy. In this book, he tries to address the current economic crisis by answering questions such as; can state capitalist compete with free market? Does capitalism still exist […]

Hart-Landsburg and Burkett Argument

Since the late 1970s, China has been experiencing a tremendous growth in its economy. In 1978, the Communist Party of China commenced an economic reformation program that aimed at enhancing the economic growth and performance of China (Hudis 112). This program aimed at enhancing the management of state owned enterprises (SOEs) as well as encouraging […]

Poverty as Capability Deprivation

Introduction Poverty reduction has been an important issue in the advancement of welfare economics. However, welfare economists have traditionally excluded the conception of poverty as a capability deprivation phenomenon. Instead, common perceptions of poverty in welfare economics conceived poverty as an income issue. Many people have had varying views about the nature of poverty and […]

Ecuador in Modern World

Ecuador, which is formally called the Republic of Ecuador, is one of the nations in South America that do not share a border with Brazil. As compared to most Latin American cities, this city has one of the best conserved and less changed historical towns. In addition to its richness in history, this country is […]

Labor and Unemployment Rate

Labor is one of the most important assets of any country. Therefore, countries strive to ensure that a sizeable percentage of their population is working. This ensures that these people make a useful contribution to the economic growth of the country. However, it is very difficult for any country to have an unemployment rate of […]

How Natural Disasters Affect the Economy

Introduction In May 2008, a destructive earthquake hit Sichuan Province in China causing an apocalyptic damage. The mountaintops were reduced to valleys, several buildings collapsed throughout the cities, and more than 80,000 people lost their lives. This incident confirms that natural disasters still influence how people live. Natural disasters are causing countries to lose millions […]

Economics and Global Business Applications

Introduction There is no doubt that communication is an integral marketing strategy that a firm must master in order to compete effectively in foreign markets. According to Tian and Borges (2011), a company must adopt sound marketing communication strategies in order to engage in international business successfully (p. 110). Nonetheless, some senior executives fail to […]

Poland Case Study

Introduction According to Miszczynski (p. 6), Poland is a significant player in economy of the European Union. It is one of the largest states in the Central Europe with a population of about 39 million. The country is still adjusting itself to a liberal market system after abandoning the communist market system. This was one […]

The Making of an Unequal Society

Joseph Stiglitz believed that inequality in America was the result of a conspiracy between the rich and powerful. He also added that the U.S. government assisted them. He placed blame on their shoulders and he was angry because of his convictions. Stiglitz acknowledged that there are other forces at work but conceded that the major […]

Assessing the role and impact of social and political structures in the working of modern liberal markets

Introduction Social theory explains the effect of social relationships on the social and economic institutions in the society. Many social theorists, classical, and neoclassical theorists have focused this field (Granovetter 481). The interaction between different structures of the society is becoming intense with most of the structures depending on others. In modern market economies, interaction […]

Comparative Advantage

Comparative advantage can be defined as the efficiency of a country or a state to produce a certain commodity at a lower opportunity cost compared to another another country. This applies to international trade where a country can produce a certain good or service at a cheaper cost than another nation. Therefore, it only makes […]

The Problem of Monopolies

Monopolies develop according to the definite monopoly market structure which is discussed by economists as opposite to the competitive market because only one seller controls the industry. A company can be described as a pure monopoly when it is a single seller of certain products or services within the market, when it is a price […]

Egypt’s Economic Structure

Abstract This memo explores the economic structure of Egypt and its composition. It also highlights the major economic sectors and their contribution to the Gross Domestic Product. Over and above, the memo gives figures of the macro-economic indicators in the recent years. Finally, the memo touches on the composition of Egypt’s imports and its trading […]

Economic development and the structure of Egypt’s economy

Egypt is one of the World’s economically diversified middle-income countries with both the private and public sectors contributing to the growth of its GDP. The country has good prospects for the medium term growth based on continual structural reforms. The country also has substantial natural resources including oil and gas and rich agricultural and manufacturing […]

Saudi Arabia Economics Overview

An evaluation of various aspects of Saudi Arabia is crucial in investment decision-making. The Saudi Arabian economic environment constitutes both positive and negative aspects concerning investors. The economy of this region is oil-based. Research indicates that an estimated 75 percent of budget revenues originate from the oil industry. Furthermore, about 40 percent of the Saudi […]

Gross Domestic Product

The problem of the effectiveness of Gross Domestic Product (GDP) as the indicator for the country’s socio-economic progress is widely discussed today. The cause for the discussions is the fact that being considered as the socio-economic indicator, GDP concentrates on measuring material factors, productivity, and wealth which are not enough for discussing the standard of […]

The Truly Global Economy

Introduction Many people have had different questions regarding globalization, some asking whether it is the integration of economic, social, political and cultural systems across the world or the dominance of the developed countries in making decisions at the expense of the poor regions. Others have questioned whether it can contribute to the economic growth, prosperity […]

Hong Kong City

Hong Kong city is located in southern side of China. Economically, it is one of world’s successful cities. Its economic success can be attributed to its geographical location. Historically, it was first occupied by British in 1840s. The British did not stay there for long; after they had moved out, Chinese occupied the land. The […]

The Peculiarities of Housing Crisis in the USA

Today economists widely discuss the perspectives and the first indicators of the development of the new global financial crisis which can influence all the economical and social fields. That is why it is necessary to examine the previous experience and the economical background of the countries and focus on the causes of the crisis of […]

The Rational Optimist: How Prosperity Evolves by Matt Ridley

Book Review Matt Ridley is a science author of various books such as “Genome: The Autobiography of a Species in 23 Chapters” and “The Red Queen: Sex and the Evolution of Human Nature.” His latest book, which will be reviewed in this paper, is “The Rational Optimist: How Prosperity Evolves.” The book focused on history […]

How a Country like Greece Can Find the Way out Of Recession

Introduction Greece can find its way out of recession by ensuring that their debt ratio is reduced by increasing their GDP. Greece has a debt ratio of 174%, which is dangerous to its economy because its implication has gradual effect to the GDP of that country. In fact, Greece is cutting employees’ wages in order […]

Economy of China: Relationship with South Korea and the United States

Introduction This research paper explores the socio-economic history of China, covering a wide range of ideas that have significantly influenced the country’s economy. Importantly, the period from 1949 to present will be the epicenter of the analysis in understanding China’s economic history. Chinese economy since 1949 The period after 1949 was characterized by a wide […]

Blood Diamond from Sierra Leone

Management of natural resources is central to quality of governance in a country. An endowment of mineral resources such as diamond, gold or oil should foster economic development. However, there are areas in Africa where such resources have caused serious conflicts (Levy 36). Sierra Leone’s diamond has fueled a long and bloody military campaign ever […]

Availability of Childcare and its Effects on Women’s Participation in the Labor Force

Introduction For the longest time, women have been considered and treated as the weaker sex as compared to their male counterparts. The human race is considered to be the only one in nature where females depend on males for survival (Perkins 2006). The relationship between men and women is characterized by women serving as domestic […]

Economics of Water Bottling

The documentary Tapped exceedingly effectively presents bottled drinking water as the ‘poster child’ for the problem of externalities in economic discourse. Although the word has been around since the early 1800s, the identification and accurate measurement of effects of an economic activity that are external to the transaction itself or to the buyer and seller, […]

Competitive environment within the property industry in the United States of America

Industry Description In the recent past, several mergers of large firms within the oligopolistic market setting have been witnessed. As a result, this has not only caused some changes in some of market factors such as competition but also in turn affected the demand of the products. This paper discusses the competitive environment within the […]

Why Is the US Share of World Merchandise Exports Shrinking?

Introduction Over the last the decade the US, merchandise export has been declining acutely. The values of the exports share have decreased from 12% to 8.5% in the last decade. According to Mendel (2011), observers have tried to explain the reason for the loss in ground in the import share by claiming that this loss […]

Division of Labor and Capital Accumulation as Sources of the Wealth of Nations

Adam Smith believed that the wealth of nations was derived from their division of labor and accumulation of capital goods for the production of necessities. However, his arguments may not be congruent with the conditions and circumstances, which are in the twenty first century. Division of labor is the sub division of work into smaller […]

Unemployment in Article by Mehdi Hasan

Introduction The article by Mehdi Hasan discusses the announcement of rising unemployment rates to a record high of 10.7% recorded in the January economic figures (Graph 1). This announcement is amid at ongoing financial crisis in the euro zone. However, the biggest problem of the author is the way he explains the actions by Europe’s […]

Marx’s Theory on Exploitation-Critical Analysis

Thesis Statement Many scholarly observations have been made by various scholars regarding macroeconomic exploitation and capitalism with regards to labor. Among such scholars is Karl Marx who, in spite of many criticisms, has been able to have an enormous impact on the world of economic with his theoretical assertions on various issues. However, in this […]

Companies and Monopolies

Introduction The business world has become very competitive and this has forced many companies to look for ways to be ahead of others in the market. They have adopted various strategies like advertisements, trade fares and exhibitions, gifts, after sale services and offering huge discounts on their goods and services. However, all these mechanisms have […]

History of the Kharafi National Company in UAE

Kharafi National is a public-private partnership company located in the United Arab Emirates. It was established in 1976 and since then it has developed to a world- class service provider, contractor and project developer in infrastructure. Kharafi National has its headquarters in Kuwait. It has been operating actively in the United Arab Emirates since 1995. […]

An economic approach to world Heritage

Introduction World heritage comprises of four main components. These are natural, physical, human and cultural components. Natural heritage is made up of environmental factors such as mountains, rivers, forests, fauna and flora. On the other hand, physical heritage might be natural or man made features other than living things. Human and cultural heritages go hand […]

Global Race for Energy

Introduction The struggle for energy ownership, control, and power among the rich states in the world is currently intensive. Examples of these energy-producing substances include oil and gas, which have become a major topic for debate all over the world. The reason why this war is taking place could be the speed by which the […]

Neoliberalism’ Various Definitions

Neoliberalism has had various definitions over the years. It is a word that can be used to describe a set of economic policies which aim to give the private sector control over the economy. Neoliberalism is based on the belief that the private sector is able to govern the economy much more efficiently than the […]

Infrastructure Lebanon

Lebanon had been experiencing a dynamic economy, enjoying high growth rates, an increased inflow of foreign capital, as well as, a steady increase in the capita income. However, after the civil war, transportation system of Lebanon deteriorated to the extent that it does not comply with Mobility requirements and needs[1]. The country continues to operate […]

Disadvantages of Developed Country (America) When 2008 Financial Crisis

According to Brewer & Gavin (2002), a developed country is defined with several factors in consideration, and this can be seen where different scholars have looked at this in different ways. Some scholars determine whether a country is developed by considering the Gross domestic product per capital income. However, the scholars do not singly use […]

Economics of Development

It is undisputable that economic progress involves painful adjustments especially with respect to concepts that are considered to be classical. Most of the classical concepts are replaced by contemporary concepts in a bid to attaining economic progress. For instance, old social institutions are disintegrated to form new ones while persons unable to keep to the […]

Urbanization in Mexico

Urbanization can be described as the process in which there is high percentage of people living in urban regions. Even though there are different views about the meaning of the term urban, it is agreed that two significant rapid urbanizations exists. The first urbanization occurred in 19th century due to industrialization (LEDC) and the second […]

The Worst Economic Crisis in the U.S.

According to research, an economic recession happens at the time when growth declines. In most cases, this happens when there is a reduction in the demand by consumers (Cashell, 2010). This is because as total demand in the economy declines, companies stop escalating, as a result they stop hiring. With time the situation gets worse […]

Brazil and coffee

Introduction Currently, Brazil is the leading coffee producer in the world (Santos). Furthermore, it is the second largest consumer of coffee after the United States, and has more than 300,000 coffee farms. This implies that Brazil enjoys over five million jobs which are generated by coffee production. Brazil is the only coffee producing country where […]

The Economic Analysis of the United States

The national income of a country describes the total factor earnings from a country’s current production of goods and services. Statistically, the U.S average national income amounted to 4.7% in January 2012 as compared to 3.7% in December 2011. On the other hand, the U.S average national disposable income amounted to 3.4% in January 2012 […]

The Next Industrial Revolution

The Next Industrial Revolution depicts the ideas of Michael Braungart and William McDonough in their attempts to transform the relationship between business and the environment or nature. The two have worked with the leading corporations such as Nike and Ford in redesigning their products, processes and buildings to meet the environmental needs. The two observe […]

Youth Unemployment in the UK

Unemployment is a macro-economic situation whereby people are ready to work at the current wage rate but because of the prevailing factors of production are not in a position to get placement. International Labour Organization defines unemployed people as those who are aged over 16 years and are willing to work and have actively sought […]

Cultural, Legal, Economic and Political aspects of doing Business in China

Introduction Over the last few years, China’s reputation as a global business hotspot has greatly increased. Large and medium businesses have expanded their capital involvement in China to have a share of its lucrative market. This rush for China’s market can be attributed to steady economic growth, favorable business environment, relatively low production costs, and […]

Mergers & Acquisitions

Introduction Over the past decade there have been numerous examples of companies that have experienced dramatic growth and built huge revenues using aggressive acquisition programs (Sherman 2011). This is supported by the fact that experienced executives have always searched for efficient and profitable means to increase and gain market share. A merger typically involves a […]