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Macro & Microeconomics Essay

What Is Better for the Economic Prosperity - Democracy or Dictatorship
The effect of early institutions and their influence on the present may be seen in Latin America. There monopolies and regulations set up by Spanish remained until modern times and has created economic imbalances which still persist today. In several African countries,  long-term rule by one leader has produced dictatorial tendencies in them.
Pages: 14 (3500 words), Essay
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Based on the readings, what do you see as the biggest obstacles to development of poorer nations What can be done about it
It is good to understand that most of these nations over- depends on land which is the backbone of the developing world economy. There is therefore much tension when it comes to land issues.Most of the Sub Saharan African countries have vast natural resources that include oil and gold. This line of argument is in agreement with the Exogenous Growth Theory that the problem comes in the identification and affordability of technology that would help in the discovery of mineral deposits.6 This has
Pages: 4 (1000 words), Essay
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To what extent can there be a coordinated international effort to promote development or is development something that must occur from within What role should the US, the UN and the World Bank/IMF play in it
For the institutions to infer development in a state, government is responsible to provide facilitation to the institutions (Benassy 2011, 560).In addition to institutions, various theories have been put forward to explain factors affecting the development of a country. The electorate theory focuses on the leadership of governments, business establishments, and organizations. Selectorate theory, on the other hand, asserts that a leaders hold on power and stay in power is dependent upon how the
Pages: 4 (1000 words), Essay
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Describe in your own words what the natural resource curse is. Then, provide some possible explanations of why some countries avoid it while others do not. You are encouraged to read (and cite) articles other than the one above, including other articles i
Africa, being one of the richest continents in natural resources, is one of the most “popular” regions in terms of resource-related conflicts. While African continent is rich in natural resources, there are other regions as well rich for natural resources. However, continuous armed conflicts mainly occur in developing world rather than in developed economies. The major issue therefore is to understand why some countries tend to avoid and prevent the conflicts based on natural resources,
Pages: 7 (1750 words), Essay
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To what extent did developed countries need state intervention to industrialise
However, Matthews et al. (2008) notes, the state-owned enterprises are developed for major social growth with development agenda. An example is the rail-roads of the US that was developed primarily to serve the social cause of industrial development. Government own corporations or a commercial agency to undertake activities and suitably assist their own government and the national interests. The railroads or road infrastructure or even state run power sector have the objective of social service
Pages: 6 (1500 words), Essay
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What actions might be taken by the government of (one country) to reduce and limit price fluctuations of coffee
On the other hand, if the government sets a minimum price which must be above the equilibrium price in order to be effective and ban trading lower than that price level; it may also help in reducing price fluctuations (Dineshbakshi, 2015). As the price is set above the equilibrium price it will lead to higher supply and lower demand leading to a surplus of coffee in the market (Dineshbakshi, 2015). Surplus can also be catered by the government by buying coffee, as the government is buying up
Pages: 4 (1000 words), Essay
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What actions might be taken by the government of your Uk to reduce or limit price fluctuations of oil
When the supply of oil in the country is increased and the demand for the commodity is held relatively constant, the price of the commodity will tend to reduce and stabilize at some point, holding other factors constant. This being the case, the U. can opt to drill more oil wells, somehow increase the output of its fields, or reduce its oil exports to other countries.Closely related to altering the demand for a commodity is using substitutes. There are several substitutes that can be used in
Pages: 4 (1000 words), Essay
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Macro economics
Operate as single markets and do not follow any regulations or legislations incorporated by European Union in their national activities through agriculture, service sectors, home affairs etc. The countries are liable to take their own decisions regarding international trade and are not restricted by imposition of regulations by any third party. UK, in order to enjoy such freedom in enhancing their trade relations with all the emerging and economically advanced countries in the world, must come
Pages: 7 (1750 words), Essay
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How Canadian Banks Survive the Subprime Meltdown
Thus, the paper seeks to not only identify Canadian banking aspects but also validate the aspects or reasons that significantly contributed to the stability of the banks during the crisis (Tony 3).The origin of the crisis is associated with the United States after which it spread to other nations. Canada had endured far less pain during the economic crisis than their neighbors such as the United States. It is approximated that six largest banks in the country had lost close to $11.7 billion
Pages: 10 (2500 words), Essay
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Global saving glut vs. excess elasticity
Developing countries such as those in Asia had been major importers of capital through borrowing from other economies to facilitate their development needs (Borio and Disyatat, 2011). Conversely, due to various financial crises, the countries decided to come up with their policies that protected them from foreign assets. Consequently, most of the exported capital ended up in the U.S leading to a trade deficit. There was an increase in capital inflows in the country together with other developed
Pages: 6 (1500 words), Essay
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Rhetorical Analysis
Still, the two most important groups of people to read the reports are the working class, mostly those that have been discriminated upon, and the policy makers, so they know what is lacking and what to address. The reason it is focused on policymakers is that they can help address the disparity in the employment sector where a lot of African Americans still have trouble securing themselves jobs. Those who do, the amount of money they make is considerably lower than that that the Europeans
Pages: 4 (1000 words), Essay
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Entitlement Spending in Historical Perspective
On the other hand, consumption spending by the federal government involves spending that does not accrue any economic benefits or growth to the country. Such spending is exemplified by the spending on entitlements such as Medicare and social security.Question 2: Then explain how the various categories of federal government spending (such as spending on entitlements, or infrastructure or basic research) qualify as either consumption or investment spending. In your answer, be sure to define the
Pages: 4 (1000 words), Essay
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Monetary policy
Besides, it also exposes the entire insight of the market to the plans of the Federal.The amount of the physical funds that all the depository institutions are demanded to hold as a reserve against all the deposits in the accounts of the bank is the reserve requirement (Odell, 2014, p. These funds determine and influence the amount of money that a bank can create in the form of loans and investments. The reserve requirements are established by the sitting Board of Governors and are always 10%
Pages: 5 (1250 words), Essay
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Microfinance has had a positive and significant impact in enabling womens empowerment in developing countries. Discuss evidence related to this issue
Insurance here means that persons who have saved and taken loans with these MFIs have some sense of guaranteed security in the event that they discontinue with the savings or loan repayment like in the event of death. MFIs therefore bridge two gaps; unmet demand for financial services that banks and other established financial institutions have not been able to satisfy and financial inclusion through offering customized financial products. However, what is notably the biggest role microfinance
Pages: 5 (1250 words), Essay
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UK economic recovery
The reports that have been given have shown that companies are suitably encouraged to employ new staff at a fast rate for the last twenty years due to major improvements in the economy of the United Kingdom. Again, most of the companies in the UK are offering high salary rates in order to recruit the most qualified people in their firms an indication that the economy is doing good. Research has proven that, the rise in employment in the UK will lead to some growth in of the economy with a rate
Pages: 7 (1750 words), Essay
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GDP of Qatar
After the completion of the first phase of north field gas development that coasted the country 1.5 billion United States dollars Qatar experienced a boost in its economy. Later on in the year 1996 the country was able to export liquidize natural gas to japan using the available equipment in the north field’s gas development (Naifar,& Al Dohaiman, 2013). . The country is still planning and developing more other phases of the project that are likely to cost billions of dollars.According to
Pages: 4 (1000 words), Essay
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Macroeconomics- methods of Economic growth for Singapore and Hong Kong
Some of the newly industrialized nations managed to reach the stage because of the developed infrastructure. Similarly, availability of human capital is vital is any economy because it determines the input required towards higher production. For instance, any nation that wants to attract investors must ensure that it provides personnel that assist in the daily running of the institutions as well as firms that have been developed. Human capital also plays a role of steering way forward and
Pages: 4 (1000 words), Essay
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Would a rise in Real GDP cause unemployment to increase in the UK
The growth in in productivity is from improvements in the technology sector of industries. The growth in technology sector makes the firm ton be able to produce more goods and services from the same number of workers that it has.In another situation, suppose the growth rate of the economy is estimated to be at 0.5% in a year, this means that the demand expected will be only growing at the same rate; 0. The supply in the situation will be increasing more than demand. The firms involved in
Pages: 4 (1000 words), Essay
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Research paper
Healthcare has improved and the overall economy of the country continues to grow, poverty of the individuals based on income has steadily incresed, as the increse in the income of the population do not match the rate of increase in the proces of commodities and services (Mexico’s Latest Poverty Stats”).The main cause of this rise in the level of poverty in Mexico is the job market in the country which fails to provide adeqaute jobs to the increasing supply of participants in the labor
Pages: 7 (1750 words), Essay
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Aggregative Fiscal Policy
The fiscal policy of a government revolves around the activities to change the economic state of the country. The government has got different ways of influencing the current economy of the country. At a time, the government plans and spending can lead a country to a very critical financial condition.
Pages: 6 (1500 words), Essay
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