In order to promote the wealth of nations, what should be the relationship between the visible hand of the state and the invisible hand of the market?
Essay - 8 pages - Economy general
The decline of social democracy in Europe during the last decade is one of the examples which seem to show that there is no other global alternative for a state regulation under the market in the globalisation context. The predominance of the market in a political economy is not recent. Adam...
eBay : Company profile and strategy
Case study - 6 pages - Economy general
With the advent of the new technologies, the distribution network has been completely reframed. The introduction of the Internet has revolutionized the consumer behavior. Indeed, electronic commerce has flourished over the last 5 years and the companies cannot afford to ignore such a development....
Internet Marketing Strategy Expedia.com and its main competitor Travelocity
Case study - 15 pages - Economy general
Taking a vacation has become increasingly easy as it is convenient to go online and book holidays. Probably more convenient than visiting a brick-and-mortar travel agency. The number of people booking holidays online is increasing as more and more people are becoming computer-literate, and...
Pros and cons for the UK to join the Single currency
Essay - 4 pages - Economy general
For many people, in favour of the EMU and the sceptics of EMU alike, the single currency points is inescapably part of the political union. Looking at past history, monetary unions linking independent states of dissimilar size and power (like that of Belgium and Luxembourg today) have not been...
Garten (Jeffrey E.), the Big Ten
Essay - 5 pages - Economy general
Jeffrey E. Garten is a Washington executive who entered the Clinton administration in the summer of 1993 as the Under Secretary of Commerce for International Trade. During his tenure, he decided to launch the Big Emerging Markets' project ('BEMs' project). This project flagged of with...
Globalization and employment
Essay - 5 pages - Economy general
Globalization is one of the most controversial topics in today's world. Globalization raises fears and apprehensions and the most prominent one that stands out is the growing power of multinational firms that bestows them with the right to retract jobs whenever and wherever they want....
The future of financial centres in the European Union
Essay - 4 pages - Economy general
The working of European Union was expected to be similar to the United States of America. Theorists believed that Europe will have a financial hub similiar to the Wall Street in the United Sates and questioned the future of the European Union. Establishing inter-market deals among the European...
The European System of Central Banks
Case study - 4 pages - Economy general
The European System of Central Banks (ESCB) is composed of the European Central Bank (ECB) and the National Central Banks (NCB's) of all 15 EU Member States. The "Eurosystem" is the term used to refer to the ECB and the NCBs of the Member States who have euro as their national currency. The...
Avoiding and preventing financial crises
Thesis - 4 pages - Economy general
Better safe than sorry is an old adage that few can argue with. Rather than suffer the disastrous consequences of financial crises, it would be better to prevent their occurrence, thus preventing the formation of bubbles and slowing their spread. Schumpeter considered the economy as a cyclical...
The recurrence of financial crises
Thesis - 5 pages - Economy general
Financial crises have multiplied in the 1990s successively affecting the so-called emerging countries. The crisis experienced by Mexico in 1994, Asia in 1997, Russia in 1998 and Brazil in 1998 and 1999 are still fresh in the memory of economists and people in these countries. The impact of all...
The 1929 crisis in Latin America
Thesis - 5 pages - Economy general
Herbert Hoover, when assuming the office of the President of the United States, said in March 1929: "I have no fear for the future, it shines with hope." Unfortunately, Thursday, October 24, 1929 is also called the "Black Thursday", the world economy plunged into the chaos as Wall Street, the...
A comparison of today's economic crisis to the Great Depression of 1929-1939
Thesis - 2 pages - Economy general
Today we are faced with an economic crisis that has affected the United States of America and reached out to shake economies the world over. Stock markets, nationally and internationally have hit all-time lows. The housing market, banks and other financial lending institutions, the Big Three car...
Analysis of the Indian economic sector
Thesis - 3 pages - Economy general
India is slowly emerging to be the next economic superpower of the world. It is often regarded as the other Asian giant, and has shown consistent growth in terms of its Gross Domestic Product (GDP) over the years. This growth has been fuelled by enormous economic progress which allowed it to...
Weaker euro - Impact of trade on the US
Thesis - 4 pages - Economy general
The 2010 Euro crisis, also known as the Aegean Contagion developed early this year in some countries in Europe including Greece, Spain and Portugal. The crisis was caused by the inability of these countries to repay their debts. This led to a crisis of confidence between the countries concerned...
A contrast of the Japanese and the US economy
Thesis - 5 pages - Economy general
This article presents a comparative study of the world's two most contrasting economies- the United States and Japan. There are many common grounds between the two nations as well as a wide range of differences. Of course, the United States commands a more significant presence among the world...
The concept of economic rationality and its place in the economic crisis
Thesis - 5 pages - Economy general
Economic rationality is talked about when the behavior of individuals corresponds to their interests. Agents are expected to act in a way that maximizes their well-being. This well-being is often calculated with a utility function that takes into account the income and leisure time. The...
The economic growth and social imbalances in developed countries
Thesis - 6 pages - Economy general
Since August 2007, world economy has had to face the turmoil caused by the financial crisis. The global economy entered a major turning point when it significantly slowed down in 2008. In July 2008, the IMF still prognosticated 3.9% global growth for 2009 and 1.4% in developed countries. It now...
Globalization and the international economy
Thesis - 4 pages - Economy general
In today's highly competitive world, the recognition and the acknowledgement of one of the most influential economic movements of the twenty first century is ever more important. Globalization, the name of the significant economic phenomenon, both defines and represents the very movement that...
Brazil - The crisis and forecasts
Thesis - 4 pages - Economy general
The two main issues which have dominated the EU and Brazil were "a new world governance" to collaborate between rich and poor countries and the rejection of protectionism. The summit meeting convened to develop an effective and strategic plan was attended by Mr. Sarkozy, the Brazilian...
The economic failure of German reunification in 1991 and its current situation
Thesis - 5 pages - Economy general
The progress of the new states in Germany appears impressive, especially when compared to their original status with respect to the development of infrastructure such as power grids, roads, transport, etc. After the unification of western and eastern Germany under the legal system of the...
Key economic concepts
Thesis - 7 pages - Economy general
Non-market production covers the goods and services household members produce for their own consumption by combining their unpaid labour and the goods and services they acquire on the market. The price evaluation of such products is difficult, because the value add at home is hard to assess....
Should Bulgaria concentrate on nuclear power as its main future energy source?
Thesis - 6 pages - Economy general
Bulgaria has been using commercial nuclear energy since 1974. 35 per cent of the electricity in the country is generated by two nuclear reactors. The Government plans the construction of a new nuclear plant in order the energy needs of the country to be met. This raises the question if Bulgaria...
Managing hotel occupancy in times of economic and financial crisis: Region Bulgaria
Tutorials/exercises - 24 pages - Economy general
This student dissertation addresses managing hotel occupancy in Bulgaria during the financial and economic crisis. Bulgarian hospitality industry is among the sectors which were severely affected by the global financial and economic crisis. This paper analyses the current condition of the...
The global economic crisis and its impact on economy of Finland: The case of Nokia corporation
Thesis - 7 pages - Economy general
The global economy is experiencing the impact of an unprecedented economic downturn which began in the United States and spread all over the world. This paper provides an overview of the impact of the global crisis on the economy of Finland in 2008 and 2009. The course work analysis the...
The global economic crisis and its impact on the German economy: The case of Strabag AG
Thesis - 7 pages - Economy general
The world economy is going through a very difficult period. The global economic crisis which began in the USA with the collapse of the sub-prime mortgage market, spread to the rest of the world. After the US, Europe was the first to experience the negative impact of the crisis. This paper...
The development of emerging markets over the past 20 years
Thesis - 7 pages - Economy general
In 2007, the Gross Domestic Product (GDP) in emerging countries was over 50% of global GDP. Today, the world is divided into four categories of countries: rich countries, those with average income and rapid growth, those with average income and slow growth, and poor countries. Emerging markets...
The economic development of the world since 1945
Thesis - 8 pages - Economy general
Since 1945, the world has experienced a period of growth which, although slowed down since 1973, has nevertheless continued until today. However, the size, pace and character of this growth has changed over a period of time and is different for different countries. What factors explain this...
The future of China in a global context
Thesis - 4 pages - Economy general
The People's Republic of China, more commonly known as China is over 9.6 million square kilometers and accounts for more than one fifth of the global population. China is also a demographic giant as this country has more than 1.3 billion people. Beijing, the capital of china, is one of the...
Two centuries of economic growth: Europe chasing the American frontier (Robert J Gordon)
Thesis - 6 pages - Economy general
This paper deals with the gap between the economic developments of the United States with respect to the main Western European Countries in the last two centuries. In the mid-nineteenth century, Europe and the U.S. had similar GDP and productivity levels. However, over a period of time the...
Mankiw's ten principles of economics
Thesis - 4 pages - Economy general
Economic principles refer to the ideas that govern the “principles of economic life”. According to Harvard Professor N. Gregory Mankiw, these principles may be consolidated under 10 heads and refers to how the economy works and what factors influence the economic decisions of people....
