Macro & Microeconomics Essays

The idea of democracy in the Chinese way is seen as putting the interests of the community first other than those of the individual. This orthodox interpretation of unity among the Chinese was first introduced by Deng Xiaoping in 1979. Unity of interest thus obscured the articulate interpretation of state and society.

A real model of the economy lies in using the strengths of the nation or area as a whole for sustainable development. The nation should have the ability to undertake the latest technological developments. Traditional methods will be changed with modern methods and new developments will be taken in to make sure that the economy grows manifold.

Even if the export sector has contracted in both countries, the growth in their economies has continued to grow. This is because both have a lesser share of the economy and policy dealings have sustained domestic activity (International Monetary Fund’s April World Economic Outlook, 2008). However, there are some inhibiting factors that are like to hinder these two countries from becoming future economic giants.

One of the most important theories of the above-mentioned market model is the idea that together the result of the market along with social order results from the logical decisions of those who are seeking to capitalize on their interests. Models like these give a lot of importance to the markets as a palace where traders, manufactures and consumers can get in touch with each other so that trade their merchandise for money.

East Asian countries such as Japan, Taiwan, and Korea shifted from poverty to affluence through rapid industrialization, while today many developing countries continue to languish. This has been due to over-reliance on foreign aid which has served to hinder their climb up the development ladder. Foreign assistance is linked to formal development aid.

The classical school of economic theory believes that the economy is a self-regulating system of the market and that the economic needs of the population are satisfied without human intervention. The classical also describes the mechanism of the market as an “unseen hand” that drives all persons to undertake their self-interest.

Recession in economic terms is, in essence, a slowdown in the economic movement in a country over a sustained period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, etc.

This is mainly done so as to make a discovery that can lead to development of a new technology, product or procedure or improve existing technology to a better one. Research and Development consist of four distinct types of activities namely: basic research, applied research, product and process development.

The job market has suffered much and it has called for the variation in strategies related to recruitment and selection in most of the Irish organizations. In Ireland, employment has been checked by more than a quarter a million since the inception of recession and the figure stands at 3.7% and declining on year by year analysis.

Economists do not understand criteria that seem irrational and they are to be found in public discussions on economic policy. Traditional economics fails to appreciate the fact that people get more concerned when there are job losses as a result of relocation even if such relocation results in the creation of more jobs elsewhere.

However, I disagree with this statement. This is because of the visible things that can be observed from the use of eyes. Looking at several situations and occurrences in the world, it is evident that change is occurring, and things are no longer the same as they were before. Change is described as a transformation from the normal.

There is a need to ensure fair trade in free trade to guarantee that all gains generated by free trade are distributed and shared equally. Free trade is a business partnership founded on respect, transparency, and dialogue, which is meant to facilitate more fair play and enhance sustainable growth by providing a better business environment.

Thus, government regulations and safety nets were not in place to protect or create a buffer from the 2008 global financial crisis. Neoliberalism is a term that denotes the liberalization of economies, the emergence of free trade in the world, the existence of open markets, privatization, and the deregulation of companies.

Despite the whole region being a form of a monopoly, there are certain policies that fuelled the growth of international trade. The land was only given to noblemen, military men, and also people of substance. In these pieces of land, peasants were always present to work on them in order to earn a living. In this way, productivity was ensured.

The emergence of globalization has come along with a wide range of challenges to various economies. State capitalism is in a better position than other forms of capitalism in solving most of these challenges. Some of the challenges created by globalization include widening inequality between nations and citizens within individual nations.

They consist of concerted efforts and initiatives geared toward common goals amongst members and followers. Such movements are inspired by the need to challenge an existing status quo by sharing related identities. In their efforts, members mobilize masses and individual networks in order to affect their intended entities.

Globalization is the process of international integration arising from a blend of many factors. Those factors include the interchange of world views, products, ideas, and other aspects of culture. While globalization is known to affect and impact whole world affairs, some factors have been observed to accelerate globalization.

Globalization can be referred to as the increase in interconnectedness worldwide. It is the power, process as well as momentum obtained from growth in technological advancement in means of communication and market capitalism. Many of the debates concerning globalization involve the economic dimension of the complex process.

It rose by adopting the Japanese and other East Asian tigers’ state mercantilist practices within a region that was fast becoming the world’s most rapidly growing one. The nation has since continued growing to become the world’s biggest exporter, and its large trade revenues help it to buy large amounts of influence across the world (Fumio, 2004, p.71).

International economic relations and hence international trade have rapidly grown since 1945 after the end of World War II. This has seen the number of exports by countries increase by 6 percent annually since 1950 to a value of $7.6 trillion by 2000 according to Johann (2008). In fact, the value of international trade has grown consistently more rapidly than the world economic output.

Thus, greener economies must seek to improve levels of human well-being as well as natural capital and systems. This implies that synergies between environmental aspirations and growth must be sought which requires combined efforts of all stakeholders in an economy. As Scarpa (2009) notes, growth in the green economy is considerably diverse.

Since its inception in 1999 in the aftermath of the East Asian financial crisis, the G20 has evolved from a group of finance ministers and central bankers to a formal world leader’s summit. This essay will examine the primary political and economic dynamics which influenced the development of the G20 and its evolution from a finance group to the premier forum for international economic cooperation.

The main aim of their establishment was to ensure that globally, there is a balance in the economy as well as peace. This would be fulfilled as more activities such as supporting the developing countries by the already developed countries to strike a balance in all continents. These institutions are the World Bank and International Monetary Fund.

According to the author, the concept of neoliberalism is applicable in reference to numerous political ideologies with some disparities, and people will continue questioning whether neoliberalism political philosophy is a coherent ideology. Despite different understanding and definitions, neoliberalism is the common sense of the modern era and the basis of conservative, liberal, and labour parties.

One of the major indicators of the economic growth of a nation is its industrialization level. It is only after the end of World War II that less-developed nations wilfully adopted industrialization tactics for economic growth and to save the nations from their vulnerable reliance on the export of few products

It can be noted that years following the end of World War II, many leaders of less developed countries adopted industrialization strategies. The new economic structure was adopted because many developing countries hoped to expand their colonial economy and solve various societal problems. Immediately after World War II, many governments of less developed countries adopted industrial policies geared towards spurring economic growth.

These parameters are compared to the other nations hence coming with the richest country following that order. For all the countries that are studied, there exists uniformity in the determining factors. For instance, when studying the human development index in these countries, health, education, income/command over the resources, etc.

It is mandated by the rules and treaties between countries in the international arena. At its Centre stage are World Trade Organization agreements as negotiated and signed by many of the global trading countries after ratification by their legislative chambers. The main objective of WTO is to aid importers and exporters.

It means that the nation persuading others uses attraction rather than coercion to influence others. For soft power to be, successful force should not be used, but economic assistance programs, strong relations with allies, and vital cultural exchanges are used. For example, countries like the United States can apply soft power successfully.

In Kenya, the provision of public service is faced by inefficiency, corruption as well as lack of patronage. Burgeoning corruption remains one of the main challenges facing governance in Kenya (Wrong, 2014). In order to meet all its expenses, the government receives 27% of the revenues from the donor.

It came into existence in 1965 to promote the educational sector in the nation. The United States government offers financial assistance to students in higher learning institutions through funding. The financial assistance aims at assisting the students in the payment of tuition fees, books, and other educational supplies.

Most of the developing economies were subjects to European colonialists between the late 19th the early 20th centuries. However, the countries established uprisings during the period that eventually led to the withdrawal of the colonialists from the specific states. Thereafter, the developing countries embarked on a period of democratization.

China has a population of 1.3 billion which is more than 1/5 of the whole population in the world. China has grown at a high rate to become the second-largest economy in the world after the US. China is the largest beneficiary of Foreign Direct Investment in the World, after the US. It has one of the highest GDP per capita in the world.

When comparing the past and the current, there is a remarkable thrash forward in global regionalism growth. The advancement of regionalism is spearheaded and stimulated largely by the propagation of regional organizations and associations. The aspect of the emergent of regionalism has promoted a substantial enthuse of deeper scholarly research.

States including Australia have to participate in the process of globalization. Moreover, in the globalization era, individual states are relying on other countries and sometimes on NGOs (non-governmental organizations) to assist them in governance. States operate in a highly sophisticated and internationally integrated order of economy.

To gain a better understanding of the origins of the tensions, it is important to examine the economic crises that have taken place over the past few decades. The 2008 global economic crisis, for instance, serves to demonstrate that capitalism coupled with neoliberal democracy is fundamentally flawed. It may be seen in the contemporary context.

Consumer behavior is one area of interest to many economists and business scholars. One aspect of consumer behavior that receives a lot of attention is the Utility theory. The utility is the satisfaction that a consumer derives from the consumption of a good or service. In other words, Utility is the power of goods and services to satisfy the wants of consumers.

The paper “Causes and Implications of the Global Financial Crisis” is an impressive example of the macro & microeconomics essay. The global financial crisis is the situation where many consumers and businesses face difficulties in terms of the economy. It is the situation that affects all the business operations globally, making it hard for both consumers and markets to sustain their operations.

The paper "Trade and Commerce in Australia" is an outstanding example of an essay on macro and microeconomics. Commercial law is considered as a body of law in commerce or business that is involved in the application of rights, relations, and conduct of respective countries in the process of engaging in trade and commerce.

The paper "What Is the Appeal of Global Macro Hedge Funds" is a wonderful example of an essay on macro and microeconomics. According to Chief Investment Officer (2015), the global macro hedge funds have continued to enjoy a significant level of trend, especially with institutional-based investors.

The paper "Factors Impeding China Economic Performance and Their Impacts on World Economy" is a great example of an essay on macro and microeconomics. Some decades ago, China was considered a rural and poor country. This made it possible for the country to take advantage of the available potential for growth and expansion.

The paper "How Budget of the UK Increase Pension Flexibilitytitle" is an inspiring example of an essay on macro and microeconomics. Over the past few decades retirement has become the norm in United Kingdom (UK), whether casually or consequentially, pensions are now considered a major concern.

The paper "The Causes for the 1997 Asian Financial Crisis and Current Economic Meltdown" is an outstanding example of a macro & microeconomics essay. The current global economic meltdown commenced in the year 2007 when investors lost their confidence in the value of a pool of securitized mortgages in the U.S. triggering a liquidity crisis.

The paper "Do Globalization Processes Change Identities" is a great example of a finance and accounting essay. Globalization refers to a process through which regional economies, cultures and societies integrate via a globe-spanning communication network and trade. The term at times refers to economic globalization, which is the integration of economies in the international economy through foreign direct investment.

The paper "Australian Banking Industry Analysis" is a perfect example of a macro & microeconomics essay. The global economic crisis has put a serious strain on various economies around the globe. It also introduced a lot of challenges to companies from different industries to survive and remain stable despite huge losses on their part and the imminent financial danger posed by the reality of bankruptcy.

The paper "Change in Global Economy Governance" is a perfect example of an essay on macro and microeconomics. "Governance of the global economy has remained in the hands of few Western countries owing to their economic strength at the time of the establishment of the world political order after World War II.

He argues that for a long time, Islamic culture has been pushed aside as one oriented to violence and great disrespect for other people and their property. This can be seen through activities of atrocity propagated by some Islamic extremist groups such as the Taliban or Al-Qaeda. However, Nasr (2009) observes that there is the business side of the religion that for a long time has remained dormant.

The NCAA advertising, merchandising and television programs' revenues must, therefore, be considered without reasonable doubt as unrelated business taxable income since they consist of income from business and trade that is not substantially related to NCAA's performance of its functions and mandate as the charitable organization.

In the 21st century, global advancement is taking place at an alarming rate as a result of globalization being experienced across the board. Governments are trying hard to achieve economic growth and secure a place in the competitive nature of development that is taking place today. The majority of the countries have come strategic development plans.

Firstly, just like individuals, countries are different from each other and can all benefit from their differences by agreeing to each do the things they do best. Secondly, economies of scale can be achieved by these countries by focusing their energy on producing one good each on a large scale and more efficiently than trying to produce all the goods at once.