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Economics Essays

Economic Transformation in Saudi Arabia

Abstract: This exploration investigates the monetary change excursion of Saudi Arabia, meaning to survey the reasonability of its aggressive financial broadening plans. The paper fundamentally assesses the key contentions encompassing the financial changes started by the Saudi government, with an emphasis on the book “Mirage” by David Rundell. Through investigation, rationale, and proof-based assessment, it ... Read More
Pages: 10       Words: 2669

Analyzing Growth: Perspectives From Diamond, Morris, and Gordon

Thesis: Jared Diamond, Ian Morris, and Robert Gordon present different views of the forces and outcomes of the pattern and pace of growth, with Diamond focusing on geography as the ultimate destiny, Morris putting more emphasis on geography until relatively recently. Gordon blaming technological factors including the ability to overcome geographic limitations predominantly for the ... Read More
Pages: 6       Words: 1412
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A Comparative Analysis of Adam Smith and Karl Marx on Labor in Industrial Capitalism

The transition to industrial capitalism which resulted from the significant changes in the organization of labor evoked the interest of famous theorists such as Adam Smith and Karl Marx. Smith and Marx studied the division of labor within this context, determining its causal relations, consequences, and implications on society. This essay analyses explicitly the similarities ... Read More
Pages: 5       Words: 1255

Is Rising Inequality a Price Worth Paying for Global Growth and Development?

In economic policy, the challenging dilemma of increasing inequality due to global growth and development calls for attentive assessment. Pivoting on this discussion are minimum wage laws, progressive taxation, and Universal Basic Income (UBI), usually viewed as tools to contain poverty and achieve economic equality (Bossler and Gerner, 2020). However, the question persists: Should we ... Read More
Pages: 9       Words: 2224

Sovereign Debt Markets and Sovereign Debt Crises, 1800–1913

Government debt crises have troublesome effects on the financial sector worldwide since economies will deteriorate and developed countries will be negatively impacted. Notably, economic crises are contagious and their consequences may be wide-ranging and diverse, from economic instability, financial market turbulence, and social unrest. Hence, analyzing the triggers and mechanics of sovereign debt crises becomes ... Read More
Pages: 9       Words: 2274

Global Industry Context, Trade, and Investment Flows, and GPN Configuration in the Apparel Industry

This paper analyzes the global apparel industry, focusing on trade and investment flows and Global production network (GPN) configuration. By examining available data, the paper gives an understanding of the main features of the industry and its international context, shedding light on the potential threats and opportunities for stakeholders in this dynamic sector. Global Industry ... Read More
Pages: 3       Words: 754

The Dynamics of Monetary Policy Transmission Mechanism: A Case Study of Saudi Arabia

Executive Summary This research, most importantly, gets into details intended to enhance appreciation of the monetary policy transmission mechanism in Saudi Arabia and its impact on key economic indicators. The background of the monetary policy in Saudi Arabia starts with the paper, and it is then stressed that the monetary policy transmission mechanisms are essential ... Read More
Pages: 23       Words: 6202

Critical Analysis and Implications of Start-Ups in Austerity: Insights From the World Economic Forum Davos 2023

Introduction The World Economic Forum (WEF) 2023, held in Davos, served as a global platform for dialogue and collaboration among leaders from various sectors, focusing on the world’s critical issues today. The above perspectives are confirmed by Etherington et al. (2022) when the authors affirm from any topics some stood out significantly. To be precise: ... Read More
Pages: 6       Words: 1643

The Role of General Agreement on Tariffs and Trade (GATT) in the World Trade Organization (WTO) Formation and Development and Its Impact on the Global Trade

Introduction The General Agreement on Tariffs and Trade (GATT) OF 1948 is a significant milestone in the international trade history, laying the foundation for the World Trade Organization (WTO) establishment and shaping the modern global trading system. The General Agreement on Tariffs and Trade’s principles of tariff reduction, most-favored nation (MFN), and non-discrimination provided a ... Read More
Pages: 8       Words: 2194

Analyzing China’s Economic System and Its Impact on Citizens and Global Relations

Being the world’s largest populated country, China has been undergoing an economic transformation, merging socialist ideology with market-driven reforms, which served as an excellent sample to investigate the relationship between governmental systems, economic systems, and socio-cultural outcomes. China’s economic emergence as a powerful follower of the transformation from a centrally planned economy to a socialist ... Read More
Pages: 5       Words: 1202

The Structure and Impact of Monopoly Markets

A monopoly is a market structure where there is only one supplier or provider(Steinbaum, 2022). The second reason to indicate why they have a wide effect on producers or sellers is the fact that this one supplier can completely dominate the whole supply market. In these circumstances, the monopolies are liberal in fixing their prices ... Read More
Pages: 4       Words: 1071

Leveraging Big Data for Enhanced Demand Forecasting in Managerial Economics

Consumer forecasting is a significant component of managerial economics, which provides a basis for making strategic decisions in different sectors. This process is developed by studying historical data, market trends, and other articulated variables to forecast future demand for a product or service. Correctly forecasting demand is a key managerial tool for smooth production, inventory ... Read More
Pages: 9       Words: 2448

Implementing Universal Basic Income as a Sustainable Solution to Address Income Inequality and Economic Instability

In the past decade, the vision of Universal Basic Income (UBI) has mounted as an alternative approach against rising economic inequalities and chaos. Universal Basic Income, a policy of payment where every citizen gets a particular unconditional and regular sum of money from the government, is a matter of lively debate nowadays among economists, politicians, and ... Read More
Pages: 4       Words: 1052

The Federal Reserve’s Inflation “Target”

The Federal Reserve’s stated mandate for monetary operations, as granted by the Federal Reserve Reform Act of 1977, contains maintaining a “price stability” level. Since then, the Fed has tacitly adopted 2% annual inflation as the yardstick for price level. This essay analyzes the history of the Fed’s inflation target setting, gives a critical insight ... Read More
Pages: 6       Words: 1515

“Unemployment Casts a Shadow Over California’s Economy”

The news article “Unemployment Casts a Shadow Over California’s Economy” discusses California’s economic difficulties, although it has captivating historical information. However, the state needs help with the challenge of unemployment since it is one of the regions that presented high rates of 5.1% (Lee, 2024). The slow job development in tech-centric places such as the ... Read More
Pages: 3       Words: 736
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