Macro & Microeconomics Essays

It has become pivotal to the study of international relations, in particular its relationship and impact on the existing international system that has traditionally been comprised of state actors (Kofman & Youngs, 2003, p. 45). There have been significant challenges to the dominant realist position in international relations.

Conversely, currently, there are many forms of governance that exist, from a high level of democracy to its complete antithesis – a controlling and repressive dictatorship. All systems of global governance have to integrate with one another at some level in order to achieve certain key goals. I take the stance that the current system of governance displayed within the world is represented as capitalist imperialism.  

These definitions are as follows: imperialistic, polyarchic, or aristocratic.  Although there are many forms of governance that currently exist, from a high level of democracy to its complete antithesis – a controlling and repressive dictatorship, all systems of global governance have to integrate with one another at some level in order to achieve certain key goals. 

The company accounts for an approximated eighth of china’s exports to the US. Walmart grew as a small company based in Arkansas town to its present status (Jacques et al 512). Walmart stores are popular in the US through their provision of low prices and variety in products that they sell.

They wanted to stop being dictated upon as was the case in the days of colonialism. There was the need to form trading blocks that they would have total control over (Grimes, 2011: 296). People have been quoted as protesting against the United States' hegemonic style of handling relations with other countries.

These geographical position factors play a very significant part of the economy of Mexico. Another factor that has been beneficial for Mexico’s economy is that the North American Free Trade Agreement facilitated the booming aerospace industry in Mexico.

Bretton Woods plan for handling international payment imbalances and adjustments revolved around the idea of sharing the currency of nations having the surplus balance of payment while also facing currency scarcity. Keynes plan suggests issuing new international currency called bancor so as to settle the payment imbalances.

China was able to source and access cheap raw materials around the globe, allowing its firms to become cost-competitive across their overseas markets. China’s government may not be as democratic and transparent as others in the world, but its global trade partners and domestic strategies enabled it to rise above the crisis (Dymski 2010, p. 151).

Sources indicate that over the years, the government has reduced its support for the public. Unlike in earlier times people would get a lot of support from the government, the younger generation may not be able to get this support and even in cases where it is available, it is hardly effective or enough to help them lead a better life.

An externality is an effect exerted upon a different party other than the one intended by the primary economic entity, which the player had not anticipated. Sometimes these effects may affect those other parties negatively or it could be beneficial to them. Economics can assist in resolving these effects through externality theory.

The paper "The Economic Reasons for Price Fluctuations" is a perfect example of a macro & microeconomics essay. The oil market has put a huge concern to most of the countries that produce and export oil. This is because there has been a going increase in the fluctuation of oil markets hence affecting the profit margins of the exporting countries while at the same time affecting the importing countries.

The paper "What Is the Great Depression" is an outstanding example of a macro & microeconomics essay. The phrase Great Depression refers to the global economic crisis that occurred on October 29, 1929, when the Wall Street stock market crashed. At the time of the Great Depression, minimal investments were possible while the level of production decreased resulting in a drastic increase in unemployment.

The paper "Business Economy Issues" is an outstanding example of a macro & microeconomics essay. Economics is a social science that entails the studies of production, distribution and consumption of goods and services. This is generally affected by the choice of the behaviour of humans and the methodology used in making production decisions.

The paper "Key Challenges Posed by Globalization for National Governments" is an outstanding example of a macro & microeconomics essay. Globalization has been defined by a number of people all coming up with different definitions for the same word ‘globalization’. Various keywords stand out in every single definition of same.

Generally speaking, the paper "New Right Policies and the Keynesian Approach to the Economy" is a perfect example of a macro & microeconomics essay. In the world of economy, different theories have been put forward to explain the situation that has led to the kind of market that we are witnessing today.

The paper "Industrial Revolution in Britain" is a great example of macro & microeconomics essay. Industrial revolution can be defined as the transition to new manufacturing processes that took place between the years 1760-1840. It can also be defined as the era in which fundamental changes took place in all kinds of industries ranging from textile all the way to social structure.

The paper "The Forces Which Led to the Industrial Revolution in Britain in the 18th Century" is an outstanding example of a macro & microeconomics essay. The purpose of this paper is to determine the forces which led to the industrial revolution in Britain in the 18th century. The paper also seeks to address some of the effects of the revolution on the general economy of Britain.

The paper "Trade Restrictions" is a perfect example of a macro & microeconomics essay. Trade restrictions refer to the artificial restrictions imposed on products between certain countries. To many, it is considered protectionism because such restrictions are intended to protect customers from harmful and substandard goods.

The paper "Important Features of the Bretton Woods Agreement" is a perfect example of a macro & microeconomics essay. The exchange rate of one country in comparison to the currency of another country has an important role in determining the level of international trade. Since countries have different currencies and to engage in business relations it is imperative that the other economy is compensated properly.

The paper "Analysis of the Great Depression of the 1930s and the Reason Why It Had Severe Effects in Germany" is an outstanding example of a macro & microeconomics essay. The great depression was a harsh global financial depression just before the occurrence of the Second World War. The time in which the global menace occurred varied depending on the countries with many experiencing it between the early 1930s.

The paper "Bretton Woods’s Agreement" is an outstanding example of a macro & microeconomics essay. Bretton Woods agreement was an international monetary system agreement reached after representatives from industrialized nations met in Bretton Woods in New Hampshire in the USA. Over 700 delegates from 44 nations attended this conference and signed the agreement.

The paper "Types of Risks in an Investment " is a perfect example of a macro & microeconomics essay. Many organizations in the global business are concerned with the way they can gain a competitive advantage through risk management. Among the best performing global companies, it can be noted that risk management has been given priority and they have been able to mitigate the risks.

It is now being argued by many that the best solution to a recession is war, indeed it has been historically proven that war does seem to be the successor for a recession in the economy thereby serving as its cure (Economic Times, 2008). After the 1797's economic deflation, there was a war between the US and France from 1798 to 1800.

Activities and policy implementation help in developing the wellbeing of an individual. Economic development translates into economic growth, which is accompanied by increased literacy levels, increased life expectancy, decreased mortality rates, reduced poverty levels, and improved quality of environment (Maddison, et al., 2006:261).

The paper will address why the developed countries impose unequal/unfair opportunities for trade in the global market and highlight some possible ways that will provide balanced/equal business opportunities in the global market (Cohn, 2010: 15). That will ensure trading countries promote fair trade opportunities.

Therefore, an option available for such people involved in this kind of trade would be to conceal vital information in relation to the origin and beneficiaries of such monies making use of what Perkel terms “the informal value transfer systems”(6). It remains true that money laundering runs into billions each year with the International Monetary Fund (IMF) estimating that up to 5 percent of the global economy in 1996 involved laundered money.

Most countries around the globe have exceptionally eliminated trade barriers freely. The level of trade among countries has increased greatly resulting in a rise in standards of living around the world. The foundation of this system was laid down with the multilateral trading system established by the General Agreement on Tariffs and Trade.

As of the beginning of 2011, about 2,128,000 people were working in the construction industry in the UK. It is estimated that the construction industry contributed a gross value of £64,747 million to the UK economy in 2004. It is also estimated that in the fourth quarter of 2009, the industry employed over 2.2 million people. Great Britain had about 194,000 construction firms in 2009.

The modeling framework in question as presented by the authors gives an in-depth analysis of interactional models and elements of financial systems on the components featured. This includes comprehensiveness, flexibility, consistency, looking forward, and suitability on corresponding empirical data.

Achievement of sustainable development has been hampered by the increased global population, degradation of the environment, rapid depletion of natural resources and also weakening of ecological carrying capacity. Avoidance of environmental and human rights aspects of development can threaten the long-term economic development efforts.

It is the negative growth in the economy for two quarters consecutively. The economic cycle can be grouped into four stages namely the boom stage, the recession, the slump, and the recovery stages. A fall from the boom stage down to the other stages marks an economic downturn. Other major features include a very slow or declining growth in the economy.

The Euro area comprises of the states' members of the European Union (EU) that have taken on the Euro currency as their currency. Currently, the Euro area has around 330 million citizens living in 17 member countries, the number might increase with prospect enlargements due to the dispersal of the benefits of a single currency building in the EU.

The fashion industry refers to the production of fashion products especially clothes, shoes, and accessories like earrings, necklaces, and bungles. The fashion industry basically involves four production levels: Sourcing raw materials, particularly fur, leather, textile, and fibers; producing the products; sales and marketing (Keale & Willem 2008).

Apple has also outsourced some of its plants and this has been made easier by globalization. One of such areas where it has integrated design and manufacturing facilities is in Singapore and also in California. The global connectedness has enabled the company to launch some of its products in markets such as Europe, America and Asia.

The areas with the largest allocation are the most prioritized areas while the areas with the least allocation are the least prioritized areas. Priority, in this case, is, therefore, based both on the significance of the particular area or activity to be financed to the institution as well as the financial needs of the area or activity.

The major implication is that the US dollar cannot serve as a stable international store of value. This is because its value is tied to the prevailing conditions of the United States. As finance and trade continue to grow fast and world integration increases, the significance of this wider view of having a different international currency is projected to continue rising.  

One of the points raised is that developing nations have seriously untaken CSR activities, essentially those that promote conducive and ethical working conditions. Economists argue that sweatshop labor conditions are actually not so bad after all. Sweatshop labor conditions are the most rational way that can assist poor people to attain their ends.

Since the intensification of globalization, there has been a hot debate about whether the life of workers especially in global industries is improving or worsening. Some argue that since the formation of trade unions, which fight for workers’ rights, the life of workers has improved compared to the era before the industrial revolution.

International political economy is one field of science that fuels the understanding of global and international problems using a discriminating interdisciplinary array of analytical tools and theoretical perspectives. There are different arguments for the effect that politics and the economy tend to have varied approaches to international issues.

The decline of the resources boom has led to the growth of the gap that exists between those at the top and those at the low level of wealth as well as income distributions (OECD, 2011). When talking of economic inequality, it is the disparity that exists among the populations of a country as a result of income, wealth, opportunity, and education level differences among other inequalities.

Such a project has several benefits that include sugar and ethanol production, and electricity generation. On the other hand, the project will require the use of River Tana water for irrigation, domestic uses as well as industrial use. In the end, the project would interfere with the natural biodiversity of the region.

Organizational legitimacy theory explains the behavior of companies and corporate groups about the social and environmental impact. The theory suggests that companies face pressure from the environmental laws in sustaining it and maintaining a functional environment. They are also challenged by the societies who request information about the impact the environmental impacts on the businesses.

In the words of Larsson (2001), globalization can be defined as the increased interaction between different nations regarding communication between citizens, culture, and trade. Nationalism is a shared feeling among people of the same geographical locality of independence for their culture and ethnicity which holds those people together.

Globalization is a force that undermines nationalism. However, others believe that its trends reinforce national identity. Globalization can be termed as the removal of barriers that have led to free trade, communication, and cultural exchange between different countries. Globalization has led to the constraints of geography.

The industry collapse affected over 73, 772 employees who were working full-time, and other impacted other important aspects of Australia’s automotive manufacturing industry. Therefore, the impacts of the death of this industry were deeply felt by many because the key players closed their operations in Australia.

Holden, Toyota, Ford, Mitsubishi, and even Nissan have announced that their operations are going to be closed. This could be part of a global financial nosedive. It is shaping an extinction occurrence of Australian jobs and the automotive industry being phased out. Most of these companies are closing their operations in Australia.

It is real, factual, and verifiable that the labor unions in the Australian car industry caused the collapse of the country’s automobile industry. Who Killed the Australian Automotive Industry? The Australian car industry has collapsed with the announcement of plans to exit the market by major automobile companies.

The automotive industry is being phased out in the Australian market following its decline over the past years. This is a setback to the Australian economy since it is a contributor to the Australian gross domestic product. The decline of the automobile industry in Australia has also led to unemployment for many engineers.

Therefore, the car companies in the automobile industry have decided to take their business enterprises overseas where there is a low cost of production as compared to Australia (Beer and Thomas, 2007). The unions are the ones that mostly contributed to the collapse of the car manufacturers by raising wages and also demanding good working conditions.

Marxist theory has greatly contributed to the successful analysis of globalization. Marx can be considered the earliest theorist of globalization. From a Marxism perspective, the features which are often identified as proof of globalization are seen as coincident indicators of long-term tendencies in the growth of capitalism.