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Economics Essays

Socialism and Capitalism

Abstract Reassessing both socialism’s previous performance and its historical grounding is required in light of recent capitalist failures. Although orthodox economic theory suggests that socialism remains inferior to capitalism, there is no strong theoretical basis for this conclusion. There exists no conclusive evidence that socialist economies grew less rapidly than capitalist ones. By contrasting capitalism ... Read More
Pages: 4       Words: 1035

Monetary Policies by ECB To Address the 2008 Financial Crisis

Introduction Monetary policies are considered economic tools used by a country to regulate money in circulation through the use of different adjustments from the central bank point (Mishkin, 2011). According to Mishkin (2011), a combination of policies including adjusting the interest rates, change of the Federal Reserve requirement for deposits, and policy on maximum borrowing ... Read More
Pages: 5       Words: 1296
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International Trade Discussion

The economy of a country can be improved through participation in global trade. Thus, it entails the exchange of goods and services at least between two nations (Meyer 2017). The voluntary exchange of goods and services among the involved countries is usually based on mutual benefit. Thus, International trade has allowed governments to establish economic ... Read More
Pages: 3       Words: 643

International Tax Concerns for Individual Taxpayers vs. Corporate Taxpayers

Introduction International taxation is best defined as collecting national law rules that govern the tax consequences of cross-border transactions. International tax differs on whether the tax is levied on individuals or corporates (Turley et al., 2017). It deals with both direct and indirect taxes. Corporate tax is a government-imposed tax applied by the host government ... Read More
Pages: 8       Words: 2185

Industrial Revolution 4.0

The Malaysian government pushes the country towards IR 4.0 to boost economic and productivity growth. This is done with priority focused on the manufacturing sector with plans to expand the industrial revolution to other industries in the economy. For the past four years, the matter of low productivity in Malaysia has been of great concern. ... Read More
Pages: 3       Words: 611

Income and Wealth Inequality

Introduction Helene Gayle, an American doctor, said, ” the difference between rich and poor is becoming more extreme, and as income inequality widens the wealth gap in major nations, education, health, and social mobility are all threatened.” Income inequality refers to how income is unevenly spread in a given population. On the other hand, wealth ... Read More
Pages: 11       Words: 2902

Impact of Tourism on Economic Development

Tourism does not solely involve the movement of individuals from their homes or their country to visit other recreational facilities. Still, it is a cultural, social, and economic phenomenon that involves the movement of individuals to countries for business or personal purposes. Besides just the basic concept of movement, tourism comes with a package of ... Read More
Pages: 3       Words: 671

Identify the Key Factors That Have Been Driving and Shaping Creative Industries Policy Over the Last Decade or So

Introduction Growth and jobs in many nations are bolstered by the creative economy. From advertising and television to architectural, fashion, design, cuisine, and publishing music, it encompasses a wide range of creative industries. They’re playing an increasingly important role in enterprise development, which is helping to spur economic growth and create new jobs. There has ... Read More
Pages: 11       Words: 2983

Essay on Globalization

Globalization refers to the increasing internalization of economies, primarily through the cross-border exchange of goods, services, and capital. In scholarly papers, globalization gets categorized into three parts: economic, cultural, and political. Containerization, technological advances, efficiencies, disparities in tax regimes, and improved capital mobility are all possible drivers of globalization. Containerization is a container shipping technique ... Read More
Pages: 3       Words: 672

Global Business Economics & Finance Report

Introduction The construction of a loading bay is a costly project in terms of both money and time, so it is important to plan ahead the expenditures that will be incurred from the start of the project to its completion (Lee & Lee, 2009). In addition to the expenditures, emergencies, contingencies, other unexpected economic fluctuations ... Read More
Pages: 10       Words: 2699

External Environment Analysis Strategy Case Study

Executive Summary Inflation refers to the phenomenon of rising prices and goods in an economy and the rate at which it rises is called the inflation rate. It affects the living standards of the people living in the country significantly. The selected article has discussed the event of the surging inflation rate in the UK. ... Read More
Pages: 10       Words: 2709

Analysis of the Competitiveness of Emirates

Evaluation of the competitiveness in the Airline Industry using the five forces framework The five forces framework is a model created by Michael E. Porter and it explains how five important forces influence an industry’s profitability and attractiveness. These forces can be used to investigate the competitiveness in the airline industry (Dobbs, 2014). Some of ... Read More
Pages: 4       Words: 989

Effect of Oil Crisis on the Local Economy of Caracas, Venezuela

Introduction Over the past years, petroleum production in Venezuela has significantly impacted its economy and people’s livelihood. Aljazeera reports that oil comprises more than 90 percent of Venezuela’s export revenue (par. 2). According to an economic consultant based in Caracas, the country risked generating less than $8 billion export revenue in 2020, a significant decline ... Read More
Pages: 7       Words: 1869

Economic & Social Effectiveness During the COVID-19 Pandemic

The onset of the Covid-19 pandemic in late 2019 came with a wide range of economic and social implications. For example, it has triggered an economic crisis across all continents. Many countries continue to struggle with registering even the slightest economic growth. In the wake of travel restrictions and lockdown protocols, a number of economic ... Read More
Pages: 4       Words: 905

Essay on Economical Progression

Economic expansion without human growth investment is both unfeasible and unethical. The goal of economics is not to find answers to economic progress but to prevent it from falling. Economic transformation has been a lengthy process of transferring labor and resources from lower-productivity activities to higher-production. It allows for long-term increases in aggregate worker productivity, ... Read More
Pages: 4       Words: 1086
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