Economics Essays

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Economics Essays Page 439

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Competition Law And Monopsony

Can a buyer be the biggest bully? The classical theory of monopsony answers this question. It envisions a market scenario with only one buyer, who can use his leverage to reduce the quantity of product purchased, thereby driving down the price that he has to pay. Seldom does a monopsonistic situation arise in the market, so much so that little has been thought till date about the potential adverse impact of such a scenario on market competition. Another reason for the antitrust analyst’s apparent neglect of the power on the buyer’s side of the market may be that such power...

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Emerging Markets Growth And Commodity Prices

Emerging markets can be described as the market of those developing countries that have high expectation of growth. In those countries investments can be a high risk but can give a high return. The growth in emerging markets gives a major contribution in the rise of price. For the last few years it has been seen that commodities prices all over the world are unstable and is affecting the balance of trade....

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Economic Overview Of South Africa Sector Wise

South Africas economy is the largest in Africa and is 24 of its GDP in terms of PPP. In South Africa one fourth of the population is unemployed and real unemployment rate is 40%. SA has an advantage in agriculture, mining and lots of manufacturing products. It has moved from a primary and secondary economy to an economy driven primarily by the tertiary sector which contributes 65% of GDP. SA’s economy is very much diversified within sectors like mining, agriculture and fishery, financial and business services, food-processing, clothing and textiles, vehicle manufacturing and assembly, telecommunication, energy, real estate, tourism, transportation,...

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Problems Of Chinese Economy After The Global Crisis

The global financial crisis in 2008 influenced Chinese economy greatly. Many problems of Chinese economy have been exposed from this crisis. Among these problems, the insufficient of domestic demand and the lagging of financial reform are the two big problems. This essay will firstly describe that the global financial crisis exposed the deep problems of China's economy. Then it will explain the two main problems faced by the Chinese economy. Following these, it will put forward some recommendations to solve these two problems....

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Oil And Energy In The United Arab Emirates

United Arab Emirates (UAE) is ranked third largest economy in the Middle East and encompasses seven various emirates. UAE economy depends on natural gas and oil and globally it is ranked seventh in terms of these natural resources. UAE is one of the members of OPEC and is known to have great influence on the organization because of its reliability in the supply of oil and gas in the world market. UAE has resorted to alternative source of energy to meet the increasing demands of energy in the country such as nuclear and solar energy....

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The Different Forms Of Foreign Direct Investment

Foreign direct investment (FDI) is an activity in which an investor resident in one country has a lasting interest in, and a large influence on the management of an entity resident in another country (OECD, 2003). It involves either ‘greenfield investment’ or merger and acquisitions (M&As). The former represents generating a wholely new enterprise and it exerts more positive effects, while the latter represents amending the ownership of existing enterprises and it has a lower positive effect or even a negative externalities. FDI can also be defined as other kinds of financial transactions among enterprises, such as reinvestment of the...

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Growth Of The It Industry In India

Information technology has emerged as the most powerful tool for all round development of the world today and has been recognized as a driving force for the next century. Indian IT is booming and emerging steadily on top of the global information technology market. The IT industry in India is already a major drive of the Indian economy. IT will make remarkable changes in social, cultural, scientific, technological and economic fields in the 21st century. Information Technology has become an integral part of our life and no section of society can afford to ignore its impact and advantages. The importance of...

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Impact Of Foreign Aid Finance Economic Development Ghana

The socio economic conditions of Ghana have traversed different periods of good performance and severe economic recessions. From 1970s through to the early 1980s, the economy was largely devastated from decades of economic mismanagement and exogenous shocks, such as the severe drought of 1983, falling cocoa prices and rising oil prices in the world market. These factors resulted in years of declining output, rising inflation and dwindling foreign reserves. Acute lack of imported spare parts crippled the transport fleet and prevented repairs of basic infrastructure to support the economy....

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A Lasting Panacea To The Global Economic Crisis

The global economic crisis experienced in the last half decade has left all the key economic players bruised or adversely affected in someway - Households have lost most of their savings, Businesses like important financial institutions have gone bankrupt and Governments are spending huge national savings in an attempt to ease the crisis and curtail rising unemployment levels. Today, renowned economists have pointed to signs that these efforts aimed at mitigating the crisis are yielding favourable results and predict that the global economy is on its way to a slow recovery, yet, many have argued that these results appear temporary...

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The Contribution Of Higher Education To Economic Development

Education is widely accepted as one of the leading instrument for promoting economic development. But what level of education that contributes most to development: Primary, secondary, or higher education? Knowledge-based competition within a globalizing economy is prompting a fresh consideration of the role of higher education in economic development and growth. Previously it was often viewed as an expensive and inefficient public service that largely benefited the wealthy and privileged. Now it is understood to make a necessary contribution, in concert with other factors, to the success of national efforts to boost productivity, competitiveness and economic growth. Viewed from this...

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Fundamental And Technical Analysis Of Cement Industry In India

People invest in stocks to make their money grow. And to help investors identify the suitable and the appropriate way to invest, there are various modes of analysis. A number of approaches have been developed over time. One most important analytical approach among them is EIC analysis (E for economy, I for industry and C for company). EIC analysis is also sometimes referred to as Fundamental Analysis or the Top Down approach to Fundamental analysis. . In this approach, the investment decisions are taken on the basis of the strength of the economy, industry and company. The major objective of...

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Illustrate The History Of The Indian Financial Sector

Our country’s economy, at present is one of the fastest growing economies in the world and is the fourth largest economy in the world and is about to overtake Japan to take the third place. Its stock market has tripled within a decade because of the ever growing foreign investment. The concept of commodity markets, futures and options are relatively new to us, but has risen from scratch to become of the essential part of the Indian financial system. Rather the whole concept of derivative market is relatively new to us. But, such rapid growth has always not remained the...

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Role Of Remittances In Countries Like Bangladesh

The outward migration of labor and the remittances that are generated as a result have been a feature of Bangladesh’s most liberation history. The earliest official records on remittances demonstrate that the country received about US $24 million in remittances overseas in remittances in 1976. Since then foreign remittance recipients have grown at an exponential rate that has been shown in table no 1....

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Housing Insecurity And Homelessness In Canada

Canada has long had an international reputation for high quality of life. However, for a growing number of Canadians, homelessness has become a grim reality and obtaining shelter a daily struggle (Frankish, 2005). While there is increasing awareness of a housing crisis in Canada, there is little discussion of how housing issues, especially housing insecurity, are related to the health of Canadians. In addition, according to an article by Toba Bryant, housing issues have not been high on the agenda of most health researchers in Canada and both provincial government and federal governments have withdrawn from the provision of public...

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Dependency Of Foreign Workers In Malaysia

The term “foreign worker” means a group of people who have obtained the legal rights to work in another country where they have been officially recruited for work (Ahm Zehadul Karim, Moha Asri Abdullah and Mohd Isa Haji Bakar, 1999). The presence of foreign workers in Malaysia is not a new phenomenon as foreign workers are been ported in from China, Indonesia, and India to work in mines and rubber estates long back during colonial period. As the Malaysia economic grow, the demand of workforce in the construction industry increases as well. However due to the construction industry are perceived...

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Economic Policies Monetary Policy

The international Monetary Fund will look into the countrys progress on the monetary and fiscal policy and assess the 2 year old Aquino administration by short staff visit which is commenced. The most accurate forecasters agree on that monetary authorities are trying to curb foreign investment in the Peso arguing that Asia’s best performing currency has strengthened too much....

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Can Cost Benefit Analysis Make Criminal Law More Efficient

This paper mainly discusses the impact of cost and benefit analysis as applied to criminal law. By and large, when the leaders or lawmakers of a society as a whole make a decision regarding the law, benefit analysis plays an important role in it. For example, the punishment of premeditated murder is usually higher than that of negligent homicide, based on the following logic. First, if committing a crime requires careful planning, usually it is more difficult to catch. Escape routes and alibis as well as motivation are given careful consideration which in turns makes the process of apprehension harder....

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Aim Of Eliminating All Barriers To The Movement Of Goods

The Single European Market (SEM) programme was established with the ‘aim of eliminating all barriers to the movement of goods, people and capital within the European Community’ (Baldwin, 1992) thereby fostering European integration. Integration affects growth via its effect on physical capital, human capital and knowledge capital. This essay seeks to examine the effects of the single market programme on some of the European Union’s (EU) poorer members since their accession to the EU. This is done in light of Robert Solow’s growth model. The essay examines the growth rates of these economies since their accession....

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The Development Of It Cluster In India

Since the liberalisation of the Indian economy in the early 90s, there has been a high level of foreign direct investment. Although the large domestic market was an attraction, what propelled the rising foreign interest is the growth performance of the Indian economy (Balatchandirane, 2007). In the late 90s, offshore outsourcing of service has drawn attention as an economic driver that has foster the growth of emerging economies such as India, Philippines as well as Uruguay (Kenney, 2003; Ramamurti, 2004). India found an opportunity in the information technological (IT) revolution and unlike other developing countries, India is demonstrating a high...

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The Role Of Non Oil Sector

The excessive dependency on the oil sectors had been the major reason behind the region succumbing to economic recessions which were an outcome of the price fluctuations witnessed in the oil commodities....

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The Economy Of Singapore

The Republic of Singapore is located in the southeast of Asia, 137 kilometres north of the equator; it has an area of 710 km² and a population of 5, 183, 700 people. It is made up of 63 islands and it has been urbanised and more land has been created for development....

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Causes Of Economic Balance

In order to find out how much has the growth in international trade since 1980 changed the world economy from bi-polar to tri-polar, this article references from the background of international trade expansion, economic expansion factors and regional balance to analysis the case of status of emerging economies in the global economy. In order to find out the factors that MNE’s and developing countries changed their practices, this article from the role of labour costs and productivity in determining investment and other factors to analysis the case of fdi in China....

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Causes And Measures To Avoid Another Financial Crisis

It has been rightly said by many newspapers all over the world that “When US sneezes, the whole world catches cold.” The United States was the world’s leading economic power in the second half of the 20th century and London was a leading financial centre of the world. When the markets fell in 2008, their powerful status in the global financial sector came under a threat. This report is a research into the MAIN causes of the global financial crisis. The essay also proposes recommendations for the UK government in order to reduce chances of another crisis. The...

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Pricing Strategies And Discrimination For The Firm

This is a case of applying international price discrimination. Publishers take advantages from textbook demand characteristics that allow it to charge different prices for similar textbook in United State and in India unrelated to the cost of the product or supply. Consumers in separate market demand charged at different prices for identical textbook bought. Somehow, international publishers distribute its textbooks around the world and tend to charge much higher for customers living in wealthier countries than in poorer nations....

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The Relationship Between Inflation And Economic Growth

This section of the paper provides literary evidence on the relationship of inflation in the economic growth and helps in the understanding of any causal relation between them, if there exists any. We start with the conclusive evidence provided by Min Li (of the University of Alberta). We extract this support from the research conducted by Li on the Inflation Threshold Effects in the Finance-Growth Nexus and Transmission Mechanism Analysis. During the course of this research, the author examined the relationship between the inflation and the finance and economic growth, utilizing data collected from 90 countries. The author’s research...

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The Effect Of Economic Growth

Nigeria is an economy characterized by several policies which are aimed at correcting adverse conditions limiting its growth and possibly its survival as a nation. Some of these policies however lack good formation, implementation and monitoring. This is evident even in current policies of power transformation, foreign direct investment encouragement and other past plans and programmes of the government....

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The Economic Challenges Faced By Tunisia

The popular uprising that led to the exile of the Ben Ali/Leila Trebelsi Mafia and ultimately to the breathtaking and disgraceful exit of Hosni Mubarak in Egypt, has put Tunisia on the map of world affairs and given it a hitherto unattained significance. The Revolution offers a unique opportunity for a new democratic government to form and institute policy changes that exploit Tunisia’s new found importance and bring prosperity to a nation tired of empty promises of economic development. If the lessons of previous “people power” revolutions, e.g. the overthrow of Marcos in the Philippines, are to be remembered, the...

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The Telecom Sector In The Middle East

My choice of the business sector would be the telecom sector in Qatar and mainly focus on the Qatar Telecom (also known as QTEL). QTEL initially had operations only in Qatar but due to the growing competitions in the telecommunication sectors and end of the monopoly in Qatar for the year of 2004, QTEL has expanded into new markets for growth and further aim to be among the top twenty telecommunications company by 2020. Even though it was too late to tap into other markets, they are achieving a reasonable growth and they are paying a huge price for that...

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Important Theories And Principles Of Microeconomics

Micro-Economics is the study of economic activity as it applies to individual firms or well defined groups of individuals or economic sectors. It mainly considers the behaviour of these small individual units. It is often described as a social science because it deals with the behaviour of humans in the context of how society chose what to produce, how to produce and whom to produce to....

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Business Opportunity In Germany For Next Generation Smartphone

The concept of international business has a long history, and the advancements of economic globalization have been substantial in the past few decades. Today’s global market represents an abundance of business opportunities that can be exploited by any company desiring to expand its operations. Nevertheless, along with their opportunities, foreign markets also represent certain forces that greatly influence the operations and success of a firm. Therefore, it is essential that a firm conducts an extensive research of its potential foreign market and thoroughly examines and analyzes the findings, before making a decision whether to enter the market or not....

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The Finance Sector Reforms In India

In India, a decade old on-going financial reforms have transformed the operating environment of the finance sector from an “administrative regime to a competitive market base system”. [1] ...

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The Rise Of Microfinance In South Asia

The historic focus on the provision of microfinance to the rural poor is entirely understandable given the scale of rural poverty in India. Even today, close to 30% of Indians in rural areas live below the poverty line. Though economic hardship in rural areas continues to be an enormous challenge, important changes are underway in the landscape of Indian poverty....

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Analysis Of Legal Reforms In Turkey

The law ought to protect both. Consumer protection laws are seen as an attempt to secure consumer rights. They ensure fair trade and the flow of right information at the right place and at the right time (Howells, G.G. and Weatherill, S., 2005). The laws are made so as to prevent businesses from exploiting the rights of consumers with unfair trade practices and ousting their competitors in an attempt to capture a large market share. From property rights, fraud, misrepresentation to issues such as product liability, product safety, pricing, quality and sales contracts the consumer law deals with a comprehensive...

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Introduction Products And Services

United Spirits Limited is a flagship company for the spirits business of the UB Group. United Spirits Limited is an India-based company which is affianced in the process of of manufacturing, sale and purchase of beverage alcohol (spirits and wines), which include joint venture / brand franchisees. USL is the largest spirits manufacturing company in India and now company has exceeded Diageo Plc sales and become the largest spirits company in the world with more than 43% market share with 112.2 million sales in FY11....

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Inequality Problem In Development Of Human Society

With the development of human society, there are more and more problems appeared. Some of them became the obstacle to development faced by the developed world, such as the environment problem. And some of them became the obstacle to the less developed countries, such as the inequality, education problem, and health care problems. And to the LDCs, I think the inequality problem is the most serious obstacle in their development. I think if the LDCs want to develop faster, they must solve this question....

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