Essays on Economic Model

Introduction

The majority of today’s economic commentators and politicians are opined that capitalism is the best way to build a perfect society. Furthermore, several research studies demonstrated that this assumption is also deeply ingrained in the contemporary public opinion of many Americans, who strongly believe that the current system of income distribution is the shortest way to making the American, and, possibly, the international society completely egalitarian (Robibson & Santos 9). Many people from the developing countries believe that the American economic system provides is the best way to make it possible for everyone in the country, as well as ...

Introduction

It is imperative to note that productivity growth is an aspect that is often used by economists to gauge the performance of an economy. In evaluating the living standards of a country in the long-term, the efficiency with which capital and labor are combined has a significant role to play. However, it is worth noting that productivity alone cannot be relied on to measure the performance of an economy as it is inefficient. The concept has made most analysts to focus on other features such as labor productivity, a figure that is often arrived at by dividing the total ...

Standardization of “Warmists are holding us to mad ‘greenmail’”

Conclusion: Developed nations should not pay any money to poor countries to help them low-emissions and climate-resistant pathways There is no consensus on the causes of climate change Greenies are willing to ignore Nobel Laureates to achieve their goal Robert Laughlin, a scholar and physicist says that no human activity could harm the planet and politicians insist that climate change is man-made [Premise 1.1 and 1.2 linked]

Every nation including the less developed ones contribute to global warning

Some of the poor nations asking for funds from developed ones have massive carbon footprints Carbon footprint measures an individual’s or nation’s contribution to global warming [Premise 2.1 and 2.2 ...

Introduction

Domestic terrorist acts in the United States have been committed by a combination of native ideological sects, individuals representing what are considered to be extremist ideologies, and internationally-based terrorist organizations, such as Al-Qaeda. In the aftermath of the September 11, 2011 Al-Qaeda sponsored terrorist attacks in New York City and Washington, D.C., the U.S. Department of Homeland Security was implemented (Furlow, 2005). The primary objective of the Department of Homeland Security can be seen as terrorism prevention. Although prevention of terrorism does not eradicate its ideological causes per se, the act of prevention can aid in the identification and ...

In traditional neoclassical economic thought, state regulation of the economy has often been seen as detrimental to economic growth and development. However, a new wave of literature on Asian economic growth models points to the opposite of these traditional claims by observing that regulation has been instrumental for better economic performance in countries like China and Japan. The rapid economic transformation challenges both economic and political orthodoxy. The ability of China to lift millions of people out of poverty has not translated to changes in the political system especially the drive towards democracy. This research seeks to analyze the ...

Introduction:

Historically, photovoltaic (PV) market in this country was dominated by residential PV application (Ted 23). Among the revolutions made by the then government of Japan was to invent and promote other renewable sources of energy (Paxson 201). This paradigm shift by the Japanese government has been motivated by the craving to put some environmental factors in check. Also, the energy demand not only in Japan but also all over the world has increased. This has reached a level where the existing energy sources are unable to meet the current market demand. This paper seek to address various concerns of ...

Introduction

China is one of the largest countries in the world. Its territory is home to more than 21% of the world's population. The economy of China is characterized by consistently high growth rates. However, the Chinese government faces numerous economic challenges, including:

• reducing its high domestic savings rate and correspondingly low domestic demand;

• support of respective job growth for tens of millions of workers and creating new jobs; • reducing corruption and other economic crimes; • reducing harm to the environment and the growth of social inequality, which is related to the rapid transformation of the economy. Economic development was much faster in coastal areas than in inland, and approximately 200 million ...

- Introduction

1.1 Background developments

Traditionally, accounting standards have been developed by different countries on the basis of local legal, economical and cultural institutions frameworks (Elliott and Elliott, 2009, p. 158). As a result, the standard setting was very country specific. With the globalization process at work for the last 3-4 decades and increasing mobility of capital internationally accepted accounting standards have become necessary to facilitate cross border transactions and make financial reporting comparable between countries and companies thereby leading to a greater transparency for investors (Nobes, 2004). IASB has been set up as a private international standard setter with a mandate to create high quality accounting standards ...

BULLETS 1 to 3: .Any findings can then be used to fill in the gaps that may exist in the extended use of Australian public libraries by traditional and techie users. The reason I chose this project is apparently due to the technological breakthroughs (e.g., Internet, cloud computing, ...

Non–profit organizations

This assignment is being submitted on July 2, 2015 Comparing economic model and voluntary spirit model of Non–profit organizations Comparison and contrast analysis between economic and voluntary spirit models. Answer. After comparing the various notions of the economic model and voluntary model of non-profit organizations following contrasting features are elicited: The operational ideology behind the economic model is based on assuming similitude of various public, private and non private organizations, in terms of application of general management principles to all of them (Brainard & Siplon, 2004). On the other hand, the rationale behind voluntary spirit ...

Overview of the book

Yunus, Muhammad, and Karl Weber. Building Social Business: The New Kind of Capitalism That Serves Humanity's Most Pressing Needs. New York: Public Affairs, 2010. Print. The book was authored by Muhammad Yunus. Yunus is the founder of the Grameen Bank, which is a microcredit institution. Through his economic policies, Yunus made an immense contribution to the fight against poverty and through his economic paradigm; he manages to espouse an economic model that places humanity at the heart of polling resource together for positive potential. His efforts in the promotion of social business enabled him to win the 2006 Nobel ...

Business

European socio-economic model is an amalgamation of the wide-ranging welfare systems and powerfully politicized and institutionalized forms of the industrial relations (Grahl and Teague). It comprises of the social security, economic life, educational system and the methods for driving the formation of human capital and for creating and diffusing knowledge. There are several advantages as well as disadvantages of the European socio-economic model. Considering the advantages, the European model is not merely a social model; rather it influences employment, production, growth, objectives and goals of economic policy and the competitiveness (Aiginger and Guger). The European socio-economic model is a representation of ...

Introduction

Economic perspective and economic laws are some of the important ones that associated with different economies of the world accordingly (Casson, 1990). As per the sayings of Alfred Marshall and Adam Smith, the law of economics revolves specifically around the level of economic perspective of consuming and utilizing the money. In fact the core sayings of these individuals are in the favor of effectiveness and shows that economies should utilize their facts and the consumption and savings values in a perfect and organized manner (Casson, 2006). There are number of authors of economics which has had presented different ideas ...

Introduction

The North American Free Trade Act was signed into law by President Bill Clinton on December 8. 1993. After the signing of the Act, America joined Mexico and Canada into signing the Northern American Free Trade Agreement on January 1, 1994. The basic purpose of this agreement was to reduce trade barriers between the involved nations, therefore, making it easier for the nations to export and import each other’s products. The agreement proposed to reduce tariffs and other barriers that hindered free flowing trade between the United States of America and her neighbors. Some of the fields covered ...

The United States is the leading nations in the world with the maximum number of biotechnology companies. Biotechnology makes use of cells and molecules to make products . It is used in a wide variety of fields ranging from agriculture to medical applications and crime prevention. Researchers consider that biotechnology when used in stem cell research would do wonders in the prevention of dangerous diseases like Alzheimer’s, Parkinson’s, cancer, sclerosis and many others . Many states in the United States have already spotted the economic potential of the biotechnology industry and are in the process of expanding the industry. One ...

Classical model of the economy has weaknesses that Keynes took advantage of to come up with the Keynesian model. In the classical view of the economy, the belief is that the market will always tend towards providing full employment and that people were satisfied with what the real world is described to be (Caporaso, 1992). However, this belief could not hold any water when the Great Depression started in the economy. It was at this time when economists wanted a more rational way of formulating economic policies. The operations of the market in the view classical theorists failed to sustain ...

Mid Term Integration Paper Mid Term Integration Paper

Question 1

The book of Robbins (2011) explored the most successful culture – capitalism. The author presented historical, anthropological, and economic framework of capitalism origins thus explaining problems caused by globalization. Robbins (2011) succeeded to attract attention to global problems caused by expansion of capitalism and explained why capitalism generated resistance. Robbins (2011) stated that embryo of capitalism as a distinctive culture emerged five to six centuries ago in Western Europe. Core concepts of capitalism culture are rooted in the statement that commodity consumption is the source of well-being. Further, this idea was ...

Financial Crisis of 2008

The economics professionals during the global financial crisis underestimate the dimensions of the issue once it unfolded. Gerald (2010, p. 120) traces the deep roots of the failure in the lack of understanding and the misallocation of research in economic efforts. Bondt (2010, p. 140) claim that the economists in this period disregard the construction models that can drive an effective result in the world-markets. The economic profession fails to communicate the shortcomings and the limitations of the preferred models to the public to depict transparency. Prior to the financial crisis, economists largely rely on the construction models that ...

Introduction

The study on economic development can be traced back in the earliest at the end of the Second World War were the respective academics and policy developers are largely debated the essence role of the public policy of some of the developing economies. It is evident based on the economic progress and the percentage of growth that the respective nations on Asia have recorded since that period. East Asia is one of the regions where the respective nations have recorded a one of the world economies and were being able to sustain economic growth and development. Menom, (2004) not only ...

Exam II, Question 1

Foster and Magdoff’s historical perspective of the recent financial crisis is interesting and many points succeed to point out the flaws in our economic system. They believe that the current financial crisis had been building up because of historical events rather than occurring due to a natural cycle. According to the well-known business cycle, a crisis begins to take effect when the economy starts to slump, and is usually evident after a boom period. As evident after the recent boom period, the economy began to stagnate; however, there are many that led to this, in addition to the cycles. In the ...

- Acknowledgements This paper acknowledges the efforts made by all the participants who took part in the research, compiling and eventual write-up of the final draft. My research assistant, the instructor and all other classmates had a role to play in this report. Without them, it would not have been finalized in time. - Introduction This paper will discuss three types of democracies in relation to their applicability to a low income country. A low income country is characterized by poor economic development, infringement of workers’ rights and extreme levels of poverty. The first democracy that the paper ...

Introduction

Crime is a very diverse word that requires comprehensive analysis to define the threshold of d defining wrong as crime. However, the rule of law helps unraveling the puzzle of understanding the crime. Crime is defined as an act of causing harm to an individual or a group of people in the society. Moreover, committing certain crime may draw the attention of the government or state. Some of the crimes that contravene the morally accepted code include rape, murder, theft and many others. These crimes have different levels of punishment as defined the laws of a country. For an immoral activity ...

14th November, 2013

It is of no doubt that value created by the managment of the company benefits the shareholders but it is the society which is benefited at largebecause the quest for value by the management drives resources to the most efficient use and thus benefiting the society as a whole. However, even today there is not set principle or theory on how share prices are determined?

In the financial arena, there are two methods of valuation of shares: Accounting Model and Economic Model.

Accounting model is the conventional model of calculating share price using multiples of P/E and EPS, where share value is calculated by multiplying EPS and P/E Ratio. Although this method is simple and prvoides apparnt ...

A capitalist economy is one where there is emphasis on private ownership of the means of production and capital goods. This economic system is also characterized by production of goods and services for profit in the market. Key features of the capitalistic economic model include accumulation of capital, competitive markets and wage labor. In this economic model, parties usually determine the prices of goods and services. It encompasses a limited role of government in the determination of prices or having control over the markets. Capital assets are owned by private persons with the gains accruing to the private owners. ...

- The rational-economic model assumes that decisions are made considering all possible alternatives to the problems before selecting the optimal solution for the decision maker. The administrative model says that humans are imperfect and that limits the making of optimal, rational-economic decisions. Tell me about a decision you have made. How did you gather information about alternatives and make the decision? Which model did you follow? Explain. Decision made was on moving a business to a more profitable location in terms of customer numbers. The information about alternatives was gathered through verifying the cause of the problem that is a limited number ...

Movie Review: The Warning

Brief Summary of the Video The video that was selected was entitled “The Warning” featured online through Frontline. It presented relevant concerns about how allowing and promoting unregulated market forces would inevitably result to a devastating financial meltdown. Featured in more than 54 minutes of play time, the video’s main parts included the golden era when Alan Greenspan, known as the rock star, ruled the economy ; how Brooksley Born, a brilliant lawyer, then the head of the CFTC, tried to warn the American public through Congress, of the need to regulate the over the counter derivatives market; and how ...

Introduction

Creative destruction is a term used “to refer to the incessant product and the process innovation mechanism by which new production units replace outdated ones” (Schumpeter 81). Backhaus writes that “the term creative destruction is the oxymoron of creation and destruction; it appears to be a paradox. But what it means is to create the new and destroy the old and the new and the old are not on the same dimension” (Backhaus 600). Creative destruction, explain Acs and David, “is the view of the market process as the elimination of the old way of economic life, not as the achievement ...

Introduction

An aging population is the collective shift in the population, in terms of the age structure, towards an older age group making up most of the population. This shift is sometimes referred as an aging demography. This is a direct result of global shift in fertility, from a fertile population to a non-child bearing population. While in the last decade, it was honorable to bear several children in the household, current adults view children as major economic hurdle and thus avoid bearing children. Furthermore, the mortality rate has been on a steady decline due proper health service provision, reduced wars and eradication of ...