Classical economics

initial FDI where as efficiency and strategic asset seeking qualify sequential FDI. Modes of FDI: Dunning substitute three modes of FDI. 1: Greenfield investment is usually defined as investment of a firm that uses stocks to assemble an exclusively new economic entity by retracing a new facilities. Greenfield mode is like to be chosen when the production process is labor intensifier. 2: Acquisition mode comprises of using the firms fund to purchase an already subsisting operations. This is done…

complete protection of competition law system for the normal operation of market mechanism and economic growth is indispensable. Today the world's major developed countries have their own competition law protection system, such as antitrust laws of antitrust law in the United States, Japan and the European Union's competition policy. And monetary policy, fiscal policy, or any other indirect regulation of economic means, the law directly affect the enterprise's organization and behavior. The…

Economic Literacy World War II assisted the United Stated to get out of one of its economic crisis. Three contributing reasons identified by Amott in the article The Postwar Economy Slows Down, discusses why the country was able to prosper. Dominance of the United States abroad, a time of peace among laborers, and a stable demand of services and goods by the government assisted the U.S. in maintaining a prosperous economy (1993, p. 26). When there was a change among the domestic and global…

Competitive advantage is are conditions that permit an organization or country to create a decent or administration at a lower cost or in a more alluring manner for customers. These conditions permit the beneficial element to create a larger number of offers or prevalent edges than its opposition. Upper hands are credited to an assortment of variables, including cost structure, mark, nature of item offerings, circulation network, licensed innovation and customer support. Access to new…

the years. This movement that continued unabated for three decades (approximately 15 million Bangladeshis have immigrated into India since the independence of Bangladesh ) attracted public and political attention only when economic and…

As large empires grow, their stability becomes increasingly difficult to maintain due to differences between social classes, oppositions to policies, and changes in religions. As recorded, China has been in this position multiple times, given that it holds one of the largest populations in the world. Consequently, it had to use a certain doctrine that is authoritarian enough to effectively rule over its people, with the accompanied moral guidelines derived from said doctrine. For example, the…

the Economy, and Why it Matters for Global Capitalism in 2009. Both Shiller and Akerlof are highly recognizable names when it comes to economics. Akerlof is a professor of economics at the University of California Berkeley and is recognized by his achievements in 2001 where he was the Nobel Prize winner for economics. At Yale University, Shiller is also an economic professor and has recently accepted the Nobel Memorial Prize in 2013. Shiller and Akerlof chose a deliberate comic on the front…

broaden their economic opportunities, as it has been said that with globalisation comes ‘new opportunities... for the people who lack them in the non-electronic world. On the Internet, nobody knows whether you are young or old, black or disabled, a man or a woman” (Ardalan 2009, p. 62). This shows that although conflict theorists may have traditionally focused on fair and equal employment, functionalists see these goals as becoming naturally available thanks to globalised economic thought.…

human nature from the decision making process, it is much more complex than this assumption. Similarly to traditional economic theory, their model is based off of Homo Economicus, or the economic man. Therefore, this theory operates under the premise that all humans are rational individuals with the main goal of maximizing utility. Furthermore, Becker and Stigler add on to classical thought by claiming individuals all share a set of universal preferences that are persistent and not easily…

More so classical liberalism. The same type which Professor Terry Conlin spoke of in his third lecture where he spoke of classical conservatism, liberalism, and socialism. Classical Liberalism has different answers to the seven questions than classical conservatism did. In my opinion liberalism’s answers allow for a more functional society. The first question being “What is the guide to behavior” Classical Liberalism answers with a “rational self-interest”…