The financial crisis in Asia was caused by the shortage of foreign exchange, underdeveloped financial sectors, the role and use of IMF funds, and the effects of this crisis on the rest of the world.
In analyzing the issue of trade imbalance in the world today, it is essential to understand the meaning of balance trade.
A "real" Gross Domestic Product considers inflation and the measure of the value of the goods and services using their prices from the previous year.
This means that the exchange rate is flexible and can change from time to time in response to the dynamics of the foreign exchange markets.
To efficiently deal with the historical question on socialism when in the process of practicing of the transformation of China, the Chinese society emphasized on improvement of the road and distinguished market system.
Compare and contrast the approach to economics of the U.S.system of government to Socialism Capitalism, which is the economic system in the U.
The prize that a commodity or service is worth in the market is accumulated is summed up to the value of government expenditure and overall consumer expenses and is measured against the income value1. The [...]
This demand is affected by the price of the car, the price of other models of cars, tastes and preferences of consumers among others. Many of the models in the article are also difficult to [...]
It is the duty of the government to make economic policies that can contribute to the economic growth. The fiscal policy is made by the government to ensure the collection of the taxes in the [...]
This is very much evident in the business world, where a business person will try to ensure that their business operations are in line with the interests of consumers.
Monetary policies on the other hand are policies used by the reserve bank of Australia to monitor the flow of money in the economy.
The economic growth in Australia is aimed at reducing the unemployment rates in the future. The country has succeeded in achieving economic growth and prosperity in the face of the global recession.
It reports the decision by the Reserve Bank of Australia to suspend interest rates even as the economy is faced with inflation and a concern over the chaotic world markets. Holding on the interest rates [...]
Such was the experience that the economy of the United States faced in the year 2009 following the crisis that was realized in the housing market.
The rate of interest will lower to such an extent that the aggregate demand will start to rise until it is equalized with the addition supply of funding.
The rationality of a fiscal policy is also observed when the government informs the population of its budget and the concept behind coming up with that kind of a budget, which is a regular process [...]
A corollary of this delusion seems to be propelled by the fact that the only way to accomplish the dream that has its origins in the decade of the 1960s is by engaging in what [...]
In addition pollution, the second negative impact that has come about as a result of the introduction of Oil Can Henry's and other established multinationals in Oregon State is the straggling of upcoming locally based [...]
However, they argue that one of the current events that indicate a possibility of quick recovery is the economic growth in Spain.
Proponents of this practice argue that the profits gained from outsourcing can be used to better the economy and provide more jobs due to an increase in market share.
The only challenge is the arm twisting being witnessed between the two parties with each of them turning down the proposals of the other.
Since outsourcing for labor is mostly done in less industrialized nations or developing countries, the wage demands of such workers, relative to those of the workers based in the US, is likely to be lower. [...]
As aforementioned, the main characteristic of the business cycle is the incline and decline of economic growth. On the other hand, during a decline in the business cycle, there is a contraction in a country's [...]
The difficulty that was encountered during these reforms was to mobilize the farmers and employees to devote much of their time so as to produce excess commodities, and funds to maintain favorable balance of payment.
With its growing population, the country has grown to become the second largest car market in the world and could surpass United States of America by the end of the year 2010 if the expected [...]
In the long-run, export subsidies will enable growth of the export industries which will in turn boost job creation and ultimately growth of the gross domestic product.
The table 1 elaborates the federal deficits in figures between the year 2000 and the projected deficit up to the year 2016. A decrease in the standardized budget deficit relative to potential GDP would be [...]
It is the market value of these final goods and services that is referred to as gross domestic product. A general rise in the average price of goods and services in an economy is referred [...]
Rovel argues that the prices of Super Bowl tickets are plummeting because there are very few short sellers and that the location of New Orleans is not optimal since it is not easy to make [...]
Thereafter, he develops the theory of movement conservatism that he argues led to the collapse of the New Deal policies. One of the factors that led to the rise of the party was the naturalization [...]
One of the questions is whether these global centers can arise in South America, Africa, Middle East or the countries of the former Soviet Union.
7 trillion of the outstanding debt which is almost half the total amount of debt owed to the public. The American government has found it difficult to repay its debt in the last decade because [...]
Despite acquiring the land against the will of the natives, the foreigners ensured that the proceeds from agriculture were used for the development of the country.
The main challenge that is faced by the organizations trying to protect the patents is the ability to retain the competitive advantage derived from the rights of use of the invention.
The city of New York is part of the state of New York and is a global power city, which exerts a major impact upon trade, media, technology, and entertainment.
Despite the growth in the real GDP of the country, the aforementioned statistics shows a consistent rise in the rate of inflation in the country.
In the short run, the bailing out of most of the countries would spell out a relief to the economy of Europe where the central bank would be required to print more money to help [...]
Effects on rate of savings and investment One of the roles of liberalisation is to remove rigidity in the control of rates of exchange and rates of interest, compulsory allocation of credits from banks, and [...]
The New Classical Macroeconomics school of thought is built on the assumption that all agents in the economy use the information available to make rational decisions.
The rationale is that unemployment refers to a proportion of the population that has skills and is willing to provide the skills to the labor market.
To determine the unemployment rate, the total population of the labor force and the employed people in a given region/country is considered.
The key objective is to establish reasons why it is advisable to have foreign investments, particularly, in Egypt where the firm seeks to invest.
However, to ensure that the operations of SMEs are sustainable in the short run and in the long run, the government through its Ministry of Economy and Industry has been developing incentive plans that will [...]
Nevertheless, China lacks the urgency creation in its commercial activities on the importance of indigenous innovation in both the domestic and international markets.
Keynesian theory of interest has been used to explain the effects of changes in the Federal Reserve rate on the general interest rates and prices in the economy.
The law of demand states that the higher the costof the good or service, the less people will demand it, while the law of supply states that the higher the price of a commodity, the [...]
However, for it to be sustainable, different policies are employed to ensure that the rate of inflation and unemployment are minimal as the GDP growth rate increases at a rate of 3% annually.
On the other hand, the political system in China is centralized with a vertical structure of government agencies that runs from the central government to the provincial administration and finally to the local governments.
Integration among countries have brought challenge to small and medium scale players as they are not able to compete effectively with multinationals operating in the same industry.
The graph, which is one diagram, will show the relationship between the level of interest on the vertical axis and the degrees of GDP, APE and ASF on the horizontal axis.
Some of this factors are the level of consumption of the country's population, the level of savings and investment and the government's fiscal and monetary policies.
In other words, he is categorical on the fact economists have not lived up to the expectations of the public especially when interpreting trends in economic performance.
Political instability in the country can be traced to the middle of the twentieth century after the assassination of the country's president in the year 1948.
Before the country gained its independence from the British in the 1950sthe economy was oddly distributed with much of the economic activities concentrated on the western regions of the country.
The core reason behind the decline would be the inflated reduction in the GDP. Despite the taxes reduction, the resultant effects of the policy would be devastating to the U.
GDP is the measure of the market worth of the output of a given country for a particular period. When GDP is high it suggests that the population of the country in question are spending [...]
As a matter of fact, it can also be referred to as the rate at which the purchasing power of individuals' changes as time goes by. The country is in a stable period of prices [...]
The mammoth economy was however destabilized by the innumerable costs accrued to the first and the second world wars and the great depression in the ninety's.
Unwillingness of Men and Women to Work in Certain Occupations One of the factors that have been cited as a cause of unemployment in UAE is that both men women have not been prepared to [...]
Price elasticity of demand refers to the "...responsiveness of changes in the quantity of goods and services demanded in relation to the changes in their prices".
The history of macroeconomic reforms in Chile dates back to the beginning of the 1990s, when the military government initiated the first economic reform.
The policy makers therefore always strive to keep the inflation rate at low levels to minimize the effects of a high inflation rate.
The bottom line of this measure is expected to enable the government make savings on medical care of non-communicable diseases that are directly as a result of smoking and which are compounded by use of [...]
The fourth and last macroeconomics variable is the interest rate prevailing in the economy, which is the measure of the cost of capital.