Essays on The Economist

[Submission Date] This paper is written to present a short summary of an article titled “The coming debt bust” that was published on 7th May 2016 in a magazine named “The Economist.” The article presents the concrete reasons for which the Chinese economy has been facing financial troubles. Such problems may continue to rise if the prevailing financial situation (concerning debt and lending practices) in China is not controlled to an optimum level. The article presents that after the global financial and economic crisis of 2008, China’s debt level increased where the debt-to-GDP ratio increased to an alarming ...

“If it has ‘science’ in its name, it ain’t (Minnick).” Those words were said to this writer by the smartest person he ever knew personally, a man with PhDs in Mathematics and Physics, a true scientist. He went on to explain that science, if it is science, can be reduced to mathematics and then can predict. “Science can generate electricity or flatten cities,” he said. The problem, of course, is that whenever one deals with the “soft sciences,” political science or economics (the dismal science) or sociology or history or any of the disciplines that are housed in ...

Spain is regarded as Europe’s next Greece (Flamini, 2012). The political turmoil in the country has significantly been affected by the country's economy. The country had a yearlong economic crisis that propelled the rate of unemployment to rise. This negative economic environment forced some of its labor force to migrate to other countries in search of job opportunities. Additionally, the country experiences an inadequate health care system. A bigger percentage of the children in the country experience malnutrition since their parents cannot afford a balanced diet for their families. Crime is a characteristic of a failing economy. The ...

Current Event Article: How Airlines Cut Cost

Every business organization faces a particular cost structure that determines its total cost. This structure embodies various types of costs that an organization incurs in its different operations. Cost minimization is one of the primary objectives of firms. Thus, organizations must critically evaluate its cost structure to ensure it is able to optimize its objectives with the existing resources. This paper will analyze the article “how airlines cut cost” published by the Economist to demonstrate how technology is effectively applied by business organizations to reduce cost (The Economist, 2015). Technology has a significant impact on the cost structure of ...

Hitler and the Nazi party came to power in 1933 by 1939 they had begun their quest to invade and rule all of Europe. During this time, unknown to the rest of Europe Hitler and the Nazis were also implementing their “final solution” which was the systematic execution of Jews and any others that they deemed not suitable to exist in the ideal society that Hitler had been selling to the German people through his speeches and propaganda (Kershaw, 2008, pgs. 36-43). Once the Allied forces defeated the Nazi forces and Hitler escaped his judicial fate by committing suicide. ...

Fashion and food

1. Executive summary The clothing and the foot ware market in Saudi Arabia performs quite well due to the thriving economy and the high levels of the disposable incomes in the country. The unemployment rates are quite low, a fact which has contributed to the growth of the fashion and food markets. Available information at the end of 2015 indicates that the leading fashion brands in the country increased the number of the fashion brands in their portfolio as the customers raised to demand quality and more luxurious brands. As a result, the retailers have expanded the outlets across ...

Overview

Technology has both positive and negative implications on the lives of the people. The proliferation and advancement of technology tools have enormous effects on the lives of the people with respect to the odds of space and time thereby influencing the nature of social interactions. In particular, the technological advancements have direct effects on social evolution and social interaction across the globe, especially on the internet. The relationship between technology and social development results in the new realities of the individuals and the society. In particular, the relation between the society and technology encompasses the social networks sites, modern ...

Many coal firms have been closing down as the global demand for the ‘black diamond’ has fallen considerably. The supply is higher than the demand, leading to continuous fall in price. The price of the output is inadequate to cover the cost of production. This means that the firms are not able to meet the marginal costs. The fall in demand for coal is attributed to the changing environmental regulations on pollution (Springfield, 1). The conservative economic views require the government to empower the people so that they can solve their problem. Therefore, it is possible to take care ...

The world today is seeing more immigration than ever before, both legal and illegal. While countries forging solid links with one another in the vein of the European Union (hereafter referred to as EU for brevity) has encouraged legal immigration of all kinds, while war and deprivation in various other parts of the world has led to a burgeoning refugee crisis, with more people entering Western countries than can be adequately or carefully handled at any one time. These forms of immigration can be seen as quite different to each other at face value; however, when looked at in ...

Question 1

In designing a new system for corporate governance, one must consider the principles of integrity, fairness and equity that business advances an ethical business practice towards shareholders and stakeholders (GC-11, 2008). In this sense, the shareholder-centric system, with the unitary board and non-executive directors that oversight the control answers the criteria of fairness towards shareholder, as it is comprised of both members of the companies and of unaffiliated corporations, which met separately to assure righteous oversight (CG-11, 2008). The stakeholder centric system with non-shareholder controlling owners assured a separated oversight from management through its two-tier board, which raises criticism ...

<<Author>> <<Purpose of the Paper>>

Volkswagen Ethics

Hotten. R. (2015). Volkswagen: The Scandal Explained. BBCNews.com. Retrieved from: http://www.bbc.com/news/business-34324772

Volkswagen Ethics

The Automobile industry like many others prides itself in its quality manufacturing processes, adherence to compliance norms, innovation and customer satisfaction. However, over the last few decades the industry is plagued with myriad cases of ethical misdemeanors. Some of the unethical behavior probably arises from pressures of business, profits, shareholder value and competition (Bazerman and Tenbrunsel, 2011). In some cases, leaders turn a blind eye to unethical practices. In one of the older cases from the 1970s, ...

Corporate citizenship, or Corporate social responsibility is the way every firm influences on the environmental and social wellbeing. CSR refers not only to the environmental protection groups or social institutions. Every company, large or small is interested in performing CSR. Even though most of the actions do not bring the firm fast financial benefits, still being people oriented is paramount for the business’ success, especially in the innovative market. Based on the company’s approach, there are three main types of CSR defined, namely: (1) Business case model; (2) Social values model; and (3) Syncretic Stewardship model. Thus, CSR ...

Impact of Immigration on the European Economy

YOURSCHOOL Impact of Immigration on the European Economy In the weblog (blog) assignment Hűttl and Alvaro (2015) take the position that the economic impact of immigration in Europe is quite small. The blog article cites ten sources ranging from formal peer reviewed articles such as Műnz, Straubhaar, Vadean and Vadean (2006) to popular websites such as the Huffington Post. The overall conclusion of the assigned blog post, all sources considered, is that immigration is a net benefit and therefore, can be considered healthy for the economy. Labor impacts play an important role in the analysis of impacts ...

Report on the relationship between assets and sales

Executive summary A company’s investment in foreign assets has a bearing on the amount of foreign sales it makes. The regression analysis indicates a positive association between the ratio of foreign sales to total sales and the ratio of foreign assets to total assets. This implies that transnational companies should invest more in foreign assets to improve their foreign sales. They should also consider other factors affecting foreign sales such as international marketing strategies including advertising expenditure, among others. Investment in foreign assets is not the only contributor to foreign sales as indicated by the model’s coefficient ...

ISSUES IN INTERNATIONAL BUSINESS: A CASE STUDY ON THE PEOPLE’S REPUBLIC OF CHINA

ISSUES IN INTERNATIONAL BUSINESS: A CASE STUDY ON THE PEOPLE’S REPUBLIC OF CHINA

Introduction

In international business, the organizations also need to consider cultural and social values at individual levels in the present competitive business environment (Mandják et al., 2016; Weinzimmer & Esken, 2016). In this context, China is evidently one of the topmost cradles of civilizations in the world to take into account for a case study. The history of this East Asian nation is really astounding. The People’s Republic of China has developed to become one of the top world powers today, named among the G5 + ...

Issues

The Corporation is an investigative report about the wrongdoings of corporations. The issue is about all the evil that corporations do. Corporations are responsible for many problems in the world including poverty and the exploitation of people, toxic chemicals and wastes, genetic manipulated organisms, warped consumer mentality, among other things. Some of the products they produce do not serve society any good but mainly to earn corporations huge profits. Corporations—large, multinational corporations in particular—exist to earn profits for themselves.

Portrayal of Corporations

The documentary portrays corporations mainly as evil. Although the documentary is truthful and the evidences it presents can ...

An Analysis of Merger & Acquisition Strategy

Introduction There has been a major fall in the oil prices in past two years from 2014-2016. The decline in oil prices has led to a major impact on the energy sector making it difficult for energy producer companies to survive. However, despite the falling oil prices and damp prospects, there has been a major announcement of merger and acquisition that touched the $300 billion dollar mark in 2016, while the deal announcements in 2015 were in the tune of $3.2 trillion across the globe. Most of the surge in the energy sector is attributed to some of the ...

Abstract

The given case study discusses the rise and fall of Nortel Networks Corporation, which was one of the world’s largest telecommunication corporation. Nortel was a Canadian global organization that was at its peak in the early 2000s and apparently, it botched due to inefficient echelon management, inflated earnings and costs, dysfunctional directors’ board, as well as, illusion of constancy and stability. Although there were numerous possibilities that could have been adopted to prevent the fall and demise of the company; however, those roads were unfortunately not traveled. Nortel’s downfall began when it fails to live up to ...

Introduction

Modern social, political, business and economic contexts make people and groups increasingly aware and concerned with diversity. Access to technology, globalization and growing possibilities in tourism and travel make individuals more mobile and internationalize cultures and societies in general. With that in mind, companies and people face with the complexity of dealing with this personal and professional diversity, focusing on cultural awareness and differences. In view of these trends and growing interest in cultural studies, it is important to define the concept of culture as a whole.

Meaning of Culture

Allan (1998) identifies culture as the set of characteristics and knowledge of ...

The Fall of Tesco Plc 4

Introduction 4 The aim and objectives of the research project 4 Rationale 5 Literature Review 5 Research Methods 7 Research Questions 7 The chosen methods for primary data collection 7 Findings 8 Manipulation of suppliers 8 Accounting Scandal 8 The rise of discounting stores across the United Kingdom 9 Horsemeat outrage 9 Failure to add customer value 9 Discussion and Analysis 10 Conclusions 12 Recommendations 12 Directed at the organization 12 Areas for future research 13 Reflection 13

References 14

The Fall of Tesco Plc Introduction A Statement of the Problem The choice of this research owes its motivation and driving ...

Two of the more frustrating aspects of living in a modern, information society and the constant need to “have internet access” everywhere, all the time are finding a strong, and stable signal to provide access and the power drain to your device that results from the constant searching for and connecting to an accessible signal. One emerging technology that is working hard to resolve these two issues is known as passive Wi-Fi, or as it is more informally known, “backscattering” (Harris, 2016). Passive Wi-Fi refers to a technology that is being developed at the University of Washington that is ...

Introduction

Eastman Kodak Corporation is an American multinational public company that engages in production imaging as well as photographic tools and equipment. It is a renowned market leader that provides photographic products as well as services to customers around the globe either for fun purposes or commercial purposes. The company introduces innovative and up-to-date photography products to the market, hence allowing people to take photos, share them while enjoying the beauty of the picture. The company is among the leading in the world in the provision of the associated products and services, and the company’s management is always inclined ...

Report for McDonalds

Italy and Russia

Figure 1: GDP per Capita at Constant Prices Figure 2: GDP Growth (Annual %) Figure 3: Inflation Rate CPI Figure 4: Unemployment Rates Figure 5: Policy Interest Rate (%) Figure 6: Russia Interest Rate (%) Figure 7: Current Account Balance in Italy (% of GDP) Figure 8: Current Account Balance in Russia (% of GDP) Figure 9: Russia Interest Rate

List of Tables

BUSINESS OVERVIEW McDonald’s Corporation is the world's largest chain of hamburger fast food restaurants, serving around 68 million customers daily in 119 countries across 36,538 outlets. Founded in 1955 by Ray Kroc in Des Plaines, Illinois, 80% of the ...

Question 1: What drives the basic economies of the airline industry? The refining industry?

The revenue side of the airline industry is driven by the amount of passengers an airline can carry per flight. A common index is the percentage of filled seats: if it is low on a flight, that flight may be unprofitable. Fuel costs may represent 30 to 50% of total operating costs in the airline industry (Grassbaugh, 2013). For the refining industry, the cost of crude oil is the major driver (Grassbaugh, 2013). Hence, when the price of crude falls, refining margins tend to rise.

Question 2: How is Delta different from other airlines?

Mallikarjun (2015) posits there are so many competitors in the American airline industry, that ...

Issue with the Justice System

Law Enforcement Introduction The terms law enforcement pertains to a government agency that assumes the responsibility of maintaining public order including public safety and enforcement of the law. There are several branches of law enforcement both local and federal that assume the said responsibility. The local police department, the FBI, Sherriff’s department, special jurisdiction police, and among others are inclusive of the term law enforcement because their key function involves, detection, deterrence, and apprehension of criminal activities. The discussion will highlight the key functions and purpose of law enforcement and the current issues facing this branch of the ...

Executive Summary

This section looks into the inception of Disney Store in South Korea, which is the country of interest. Disney Store is a retail outlet that specializes in sales of merchandise that are unique to Disney. Disney Store traces its roots back in 1987, in Glendale, California. A country analysis of South Korea was done with detailed information being noted as far as population, GDP, per capita income, aesthetics, political system, legal system and the living conditions in the country just to name a few of the areas tackled. This was followed by an economic analysis of South Korea where ...

Egypt uprising of 2011 occurred after collaborative efforts from various interested groups. The elites and non-elites participated at different scales and levels. The Egyptians had tolerated poverty, political oppression, and corruption for decades. As a result, human rights and labor activists alongside NGOs begun protesting the government. During 2010, just before elections, the Muslim Brotherhood, a group of youths that defied the government and Mohammed ElBaradei’s campaign for reforms got a national attention especially when the Mubarak attempted to install his son Gamal as heir. The government machinations suppressed most of the activist. Police killed Khaled Said triggering ...

Importance of Entrepreneurial Activity to the UK Economy

Assignments 2 Introduction The constant growth and evolution of economic relations, both between countries and between entrepreneurs within a country, are requirements for the creation of new business forms. Entrepreneurship is an important, but not a sufficient factor in economic and social developments of countries (Waschik, Fisher and Prentice, 2010). However, if left uncontrolled by the state, entrepreneurship can become just as harmful as the administrative-command system in an economy. Entrepreneurship is essential for the development of a competitive economic environment; in order to give the final consumers the freedom of choice, but does not content with goods offered ...

McDonalds has come to create a network in both Italy and Russia. Italy seems to have better balance of payment and government balance indices, interest rate, trade policy instruments and not needing to lose over currency rates while dealing with Eurozone importers, and even unemployment and GDP growth rates. However, unemployment and the lack of growth indicating poor economic performance and social welfare situation may advantage the brand in Russia through better low-cost labor availability and consumer reorientation on less expensive restaurant offerings. Overall, neither of the country is the ideal market for the brand, yet both have their ...

Bangladesh is among the world’s most populous nations, but most of its population is poor. Formerly East Pakistan, Bangladesh gained independence in 1971 after the war with West Pakistan. The size of the country whose capital is Dhaka is 143,998 square meters with a population of 161 million people. The main language for the Bangladesh people is Bengali with the major religions being Islam and Hinduism. Life expectancy is 69 years and 70 years for men and women respectively. The population growth rate is estimated at 1.2 % with infant mortality rate of 45/1000. The city of Dhaka ...

The ongoing internationalization process persuaded regulators and businesses worldwide to think of a common global accounting language for business affairs. This move led to the development of IFRS. International Financial Reporting Standards (IFRS), sometimes referred to as International Accounting Standards, is a globally recognized accounting framework for businesses worldwide. The major purpose of this accounting standard is to make company accounts understandable and comparable across international boundaries. Currently, over 110 countries are following the IFRS accounting system in order to address complexities relating to international business affairs. However, the United States has not adopted IFRS yet, and the country ...

Q. 1 An important way of looking at international relations theories is by admitting that the theoretical discontentment and disagreements are part of the envisioned explanations. Every world system has a way of meeting the intended goals of the related entities, but only a few people can manage to utilize these attributes for the sake of retaining what is ideal across the system (Bose 17). The normative theory is one that allows for a wider perception of what is right and that implies getting an easier means of handling the transformational changes. The explanation of any events taking place ...

Introduction

Health has been defined as the best wealth for mankind. The age old proverb that, ‘Health is Wealth’ stands true all the more today, in this contemporary world where suddenly the number of illnesses are on the rise and each day mankind is confronted with a new type of disease caused by some virus or the arise of some new mutant bacteria. The result is an outbreak of an epidemic, causing a huge loss to humanity and a situation of panic for the entire world. Such consequences require immense support in terms of disaster mitigation and sound health care ...

Importance of Entrepreneurial Activity to the UK Economy

Introduction Constantly growing and developing economic relations, both between countries and between participants within a country, are prerequisites for the creation of new forms of business. Entrepreneurship is an important, but not the only factor in economic and social development of many countries (Waschik, Fisher and Prentice, 2010). However, uncontrolled, no adjustable (wild) business (without the supervision of the state) is just as harmful as the administrative-command system. Entrepreneurship is essential for the development of a competitive environment, in order the final consumer of products has the right to choose, but does not content with goods offered to him/her ...

Life without the very basic necessities like water, food and electricity seems like a myth to the residents of America, and we all hope that we do not live to see a day when that happens to our country. For some unfortunate countries, however, the situation is not that massive of a myth rather these shortages are parts of the problems that the people of Venezuela face in their everyday lives. Right now, the country of 30 million people has become one of the worst examples that may be set for the people of the world to follow. But ...

General Problem Statement

Homelessness is a worldwide phenomenon observed in all nations regardless of economic development status. Many often believe homelessness is only a result of financial distress but there are many instances wherein homelessness is a result of other circumstances; advocates of the financial viewpoint – Miller, Herzberg, and Ray (2012) – claimed the urgency of addressing economic problems of society to effectively deal and combat homelessness. In contrast, Wright (2009) emphasized political and social origins of the problem rather than economic ones In the hopes of helping the problem, Hodas and Myers highlighted social and educational issues in schools that impact children ...

Hi Student 2, it has now been three years since the launch of Obama Care and just as the launch was in shambles, the delivery of the medical provisions has not turned out any better. The health system is complicated and costly even though it was enacted with the aim of assisting the disadvantaged and low-income persons. Many politicians have tried to alleviate the issue of medical care in the United States with several programs that are intended to promote equal access to health provisions in the country. I believe that just as the medical system focuses on curing ...

Introduction

The delivery of the speech that is critiqued in this paper is an argumentative lecture by Yusuf Estes on the subject of Hadith in Islam. The delivery of the speech shall be assessed within the framework of how effectively Estes was able to deliver the introduction, the body and how the speech was concluded, followed by recommendations.

The Critique

For any speech to be effective, it must create an impression on the listener. Even if the content is excellent, it is the delivery by the speaker that decides how the speech is received and how much of it is retained. Studies ...

The aim of the project is the implementation of ethical influence concepts of a practical example. For this purpose, Enron has been discussed in the current assignment. The company faced bankruptcy in 2001 because of the unethical behavior and negative politics of its leadership. The top leadership of the company abused its power and manipulated the information.

Why did it happen?

Enron is a big example of unethical utilization of power, misbehaviors, moral failure, and unethical executive practices. All these mistakes of Enron led the company towards bankruptcy. There are five ways; power comes from that include coercive power, reward power, legitimate power, ...

1. Introduction The Organization of the Petroleum Exporting Countries – OPEC coordinates and unifies the policies among the oil exporting developing nations. The increase oil production has an impact on the supply and demand side and impacts the prices and incomes of the OPEC countries. The examination will answer the research question what are the effects of increased oil production in the OPEC countries with the focus on the Middle East member countries.

Problem

The Middle Eastern countries with the production of oil impact the international price of oil and also their incomes. The OPEC countries, which are among the biggest ...

Introduction

Practically, a tax is the most important instrument of fiscal policy and arguably, the most important aspect of public policy. For starters, tax influences the amount of money a government has to spend, as well as the amount the government needs to borrow in case of a difference between tax receipts and planned government expenditure (Pragyandeepa, 2015). The scarcity of resources, including the limits on the amount of taxes collected, influences the choices of spending by a government in the provision of services and public goods. In that vein, governments are always under pressure to have a sound prioritization ...

Hydraulic Fracturing has revolutionized world oil and gas market. United States have dramatically increased oil and gas production due to the new fracturing technology was introduced, and has become an exporter of natural gas and oil. The effect of the hydraulic fracturing can be viewed in two perspectives: through a classic supply and demand theory and through the current situation in the international oil market. The results can be quite different. According to the classical theory, fracturing has increased the production of oil. Increased supply inevitably leads to price decrease. Furthermore, fracturing has decreased the cost of oil extraction, ...

Pt14a

International Management Abstract The film and music industry have both evolved drastically during the past decades. From vinyl records to CD’s to digital mp3 files in the music industry, and from cassette tapes to mp4 files in the film industry. The evolution in both the film and music industry is most likely a result of the practicality demanded by the society. Individuals often seek easier and cheaper alternatives. In both of these relevant industries, the most practical solution is of course to have instant access to demanded content that is merely software and requires no type of disc. ...

A. The Executive Branch. Discuss why you think we need (or do not need) eight different statewide elected officials. Why not just have a governor and a cabinet appointed by the governor? Explain your answer using the information available. Administering California’s state government belongs to the duties of the executive branch, which is led by the state Governor. The office of Governor consists of other executive officers, including the Governor himself (Edmund G. Brown Jr. at present) and his Cabinet, Lieutenant Governor, Attorney General, Secretary of State, Controller, Treasurer, Superintendent of Public Instruction and Insurance Commissioner. All eight ...

Born on November 19, 1909 in Vienna, Peter Drucker was well known for his writings in the field of economics earning the moniker “the man who invented management” from no less than the Business Week. Drucker was born in a family of intellectuals that normally played host to renowned personalities in the field of economics, politics, music, and science. Drucker considered this background his first education. He went on to study admiralty law in the 1920s and had to move to Germany in the process. He enrolled at Hamburg University and later on at Frankfurt University. He also worked ...

The United States is thought to be the precursor of the modern education practices and methods employed by the world. The country proposed research and methodologies and provided the world with the modern research university as well. The country was a hub of Ivy League universities which only accepted and promoted students with exceptional grades and had added to the world’s assets of intellectuals and leaders. These institutions have provided immense research in the various fields of life and have added inventions and various discoveries to the world. However, on the one hand, where the American education and ...

Abstract

The current paper explores the main differences of the Great Recession in 2007-2009 from other economic collapses in the history if the United States. Section I discusses the general features of a recession and describes the main responsibilities of the National Bureau of Economic Research. Section II is devoted to the comparison of the Great Recession with the recession of 1980s. The section is divided into four subsections. Subsection A presents the basic comparison of recessions in the U.S. history and explains the choice of the 1980s period for the further comparison. Subsection B explores differences in unemployment in ...

Logic & Argument

The paper is well argued. By identifying a host of factors under "How Did This Happen?" section, paper's author offers a detailed background on how current situation has developed. The argument combines effectively an analysis of sociological, legislative and gender-related factors contributing to current situation. For example, in examining a paradox of high education and unemployment for both married and unmarried women in modern Japan, paper's author manages to justify how, upon retirement of a growing number of senior working men, unemployed women have come to gradually replace retired workers and hence daycare center problem. The paper's author also ...

Question 1

5S is the business model that supports the improvement of working environments, concept of business and leads to increase in quality and value (i.e. the final goals of a company). 5S is the acronym of five Japanese words, such as Seiri (sort), Seiton (order), Seiso (cleanliness), Seiketsu (standardization), and Shitsuke (sustainability) (Gürel, 2013). It can be used effectively in the hotel setting. For instance, in the context of kitchen of a hotel Seiri refers to the organization of working stations and equipment. The purpose is the reduction of wastages and losses i.e. apprentice throw away the wastages in ...

My internship at GE

Conceptual framework Working at GE Energy has always been my dream. The fact that I am doing my internship in the company is a dream come true. However, while working with the company, I came to realize of many problems that the company faced. Even though to the outside world the company is doing well, it faces daily internal problems that are always handled on a daily basis. The company could be no company if such matters could have been ignored. Just to pinpoint but a few, some the problems faced by the company emerge from the Generators. Problems ...

Pertaining to the scenario in which the Thai government decided to peg their currency (the Thai Baht) to the U.S. dollar, Thailand could possibly experience inflation due to the artificial valuation of their currency to a more established currency, (Moreno, R., 2000). That being said, the United States would not experience inflation as a result of this agreement. In fact, the United States would benefit because the Thai government would have to invest in the United States stock market and the Thai stock market, which would invariably help the United States economy, (Moreno, M., 2000). Relating to import/exports and ...

The cost of hosting Olympics and other mega sports events is substantial. These costs have made economist to be quite skeptical of the economic benefit of hosting such events. For example, in 1996 Atlanta spent over $5.1 billion to host the Olympic game. The host government is made to forego planned investment to concentrate on building new stadiums. Besides, the budget deficit swells before hosting the international event. Thus, the willingness of governments to subsidize sporting activities draws criticism and praise from different quarters. It is widely acknowledged that Olympics promote country’s exports. According to the International Olympic ...

In the late 19th century, the earliest daguerreotype cameras also known as the ‘boxes’ were used to capture images on monochrome tints but produced through lengthy periods of time. From the large black and white box cameras, the transition shifted to handy type mobile film cameras that instead of using large film sheets, cameras in the 1950s used smaller rolls of cameras which were converted later own to negatives. Starting from this, the trend towards photographic innovation became fast-forward up to the point of the emergence of the smartphones and DLSR cameras that uses digital pixels instead of film ...

The recent announcement of the new Saudi Arabia’s plan to drastically decrease the role of oil in the economy and to diversify the governmental revenues has received wide coverage in media. Two famous newspapers, New York Times and The Economist also issued the articles covering the topic. Ben Hubbard in the New York Times article “Saudi Prince Shares Plan to Cut Oil Dependency and Energize the Economy” provides a detailed information about Prince Mohammed bin Salman’s economic plan to reform Saudi economy, while The Economist’s article “Beyond Oil: Change in Saudi Arabia” is a brief account ...

Establishment of BRICS was one of the most significant political events of the beginning of the XXI century. BRICS is a group of five fast-developing countries: Brazil, Russia, India, China and South Africa. The organization was founded in June 2006 during the St. Petersburg`s Economic Forum with the participation of the Ministers of Economy of Brazil, Russia, India and China. Before the inclusion of South Africa in 2010, the organization was known as BRIC. For the first time the acronym BRIC was proposed by Jim O'Neill Goldman Sachs`s Bank analyst in November 2001. The sequence of letters ...

Article Analysis: World Poverty

Introduction In 2015, the United Nations is working with the World Bank’s ambitious plan to end extreme global poverty by the year 2030. This means that for the first time, every person in the world would afford common items and food to make their life easier. Many experts would debate on the main cause of poverty as it could be the changing trends in a certain country’s economy. Other factors would also include the lack of education, overpopulation, the presence of epidemic diseases like AIDS and malaria and even environmental problems like drought. Extreme weather can cause ...

Purchasing power parity is used in comparing prices and currency values between two countries in an attempt to determine how exchange rate will change in the long run. The tool helps investors to know whether a given currency is overvalued or undervalued. The theory is based on the argument that exchange rates move up and down in an attempt to get their correct value. This is because an identical basket of goods and services should have the same price (value) in two different countries despite pricing the basket in different currencies. For example, the price of Big Mac should ...

Introduction

Trials can be very expensive for both the country and the individuals involved. However, on the other hand, trials are important in finding justice for persons especially the ones affected directly. The justice system is always important in any country as it ensures that every person is treated equally under the law and people are punished for their offenses. Trials can last for long periods all in the quest for justice and still end up not receiving the real justice that is required by the people. The paper will be looking at the significance of the Gang of Four ...

BRICS effect on global capitalist economy

The debates about the increasing role of emerging economies became more vigorous since the global financial crisis that became a start for a new global framework with the developing countries surfacing as a major hub. The most attention is given to the economies of Brazil, Russia, India, China and the South Africa (BRICS) that had demonstrated high growth during the last decade against the global recession. The future dominance of the BRICS may shift the economic center towards the multipolar model. Changes in the matrix of competitive forces (finance, resources, technology) lead to a decline in the economic, political ...

Question 1

Virgin Galactic is the first space line in the world that owns and runs privately built spaceships. The company plans to be the pioneer in commercializing space travel and offering ordinary people a unique opportunity of going into history as the first ever non-professional astronauts. Its main competitor is the Blue Origin, which has already attained a spectacular achievement in pioneering the first rocket booster to make a safe trip back to earth from space (The Economist, 2015). Virgin Galactic plans to use its massive resources and synergistic effects from the Virgin Group umbrella to beat its competitor in ...