My AccountCategory: Economics
Will Africa Feed China?
Many states, unions, and international organizations devote much time and efforts to the theme of Africa. It is both dynamic and underdeveloped region at the same time. Many countries of Africa have failed to demonstrate gradual development for many decades. In some parts of the continent, population often suffers from poverty, famine, and diseases...
Economic Integration of West African States
The paper intends to define the effects of the regional economic integration of the economic communities of West African States in terms of trade diversion or trade creation. ECOWAS is a trade union among the West African states, which was created in May 1975 to promote trade and regional interaction of these communities. It is made up of 15 states...
Financial Crisis
Root Cause Analysis To begin with, it is vital to understand the deep meaning of the financial crisis of 2007-2009. This period also refers to the Global Financial crisis and it is considered to be the worst crisis since the 1930’s Great Depression. The catastrophe caused collapse of reputable financial institutions that were rescued by bank bai...
Comparison and Contrasting of Two MENA Countries
Introduction Nobody would deny the fact that the process of globalization intensifies on a day-to-day basis. Therefore, the national economy of any country will become a comprising part of global macroeconomics. As globalization presupposes the participation of different countries all over the world, it is becoming increasingly apparent that the M...
Bargaining Hypothesis and the Surrender Paradox
The bargaining hypothesis refers to an illogical and irrational agreement that may sometimes occur between a few mutually dependent parts, whose aim is to obtain more benefits in not favorable conditions. In other words, the stakeholders would prefer to leave their present condition in time of changes (for example, in the condition of war). The sur...
World Economics-Related Issues
World economy today and future prospect The world’s economy is contemporarily of great concern across the world. Recently, there has been a significant decline in rate growth of gross fixed capital formation and aggregate demand. Such trends can be associated with the weak aggregate demand, reduction in commodity prices, and increased insta...
India’s Economy
Question 1 The founders of contemporary India strived to guarantee that the economic system was not concentrated on wealth. This approach was preserved in the Constitution of India. The constitution places a responsibility on the government to regulate the distribution of wealth. By implication, it should regulate the growth of big business groups....
The Great Depression
The Great Depression is a significant world crisis that influenced every developed country of the interwar period. As a crisis, it revealed the inconsistency of the gold standard system, which was already too archaic and could not effectively perform the functions necessary in the industrial society. Through this prism, the Great Depression showed ...