Digital economy

Job Loss and Unemployment Just last year, over 2.5 million people lost their jobs due to layoffs, quits and workers getting fired. The unemployment rate is now at a steady 4.9 percent; citizens of the United States lose their jobs every day. Layoffs at work can cause it, or it can simply be that one 's boss has fired them. Job loss and unemployment can affect one 's everyday life. Not only does losing a job affect one, but it also affects one’s family. On the contrary, they do have grants for…

settle in, even in the impoverished ones. The cultural argument also explains successfully how two countries, South Korea and Ghana, who had similar economies and comparable levels of GNP, ended up in completely different economic positions in a matter of thirty years. As Harrison and Huntington explained, South Korea became one of the largest economies in the world in part because of its emphasis on education, hard work, thrift, organization and discipline. The people from Ghana had different…

very information heavy reading. I did like the fact that it was shaped by critical theory because I was able to take what I had learned from the critical theory week to assess this reading as well. Kellner looks at the transformations in the global economy, culture, and politics within the context of the relationship between technological revolution and the global restructuring of capitalism. He also hopes to understand globalization in a dialectical framework between the progressive and…

The Athabascan Tar Sands: Why Tree Hugging is Good Business We are divided between the unethical and the irresponsible. We contribute to global emissions that are rapidly snowballing out of our control while trying to balance a precarious economy. Yet some feel that to benefit one would inherently be to the detriment to the other. Canada can not afford to view the world through the lens of this false dichotomy and reconciliation between these two sides is the only option. The exportation of…

While he suggests small scale changes such as restricting advertising and promoting local businesses as opposed to global, controlling the growth of an economy would require putting more power in the hands of the government and would take away freedoms from citizens, similar to communism. Controlling the amount a population consumes would require the government be in control of the things the population…

It postulates a continuous production function linking to the inputs of capital and labor which leads to the steady state equilibrium of the economy. Solow’s twist on the Harrod-Domar model is based on the law of diminishing returns to individual factors of production. Capital and labor go together in order to produce output. If there is plenty of labor relative to the capital, a little bit of…

shifting to more modern systems which are highly industrialized (Campbell). Modernization theory also seeks to tackle low economic development caused by the lack of investment. It proposes that, here, governments should intervene by investing in the economy, thus creating the infrastructure needed for future growth. The theory also offers that a foreign aid could help supplement a government’s investment in a ‘backward’ society. This attempt to modernize was seen as a way to start the process of…

to countries or places outside their usual environment for personal or business/professional purposes’(UNWTO, 2014). The tourism industry has expanded rapidly worldwide over recent years and progressively become an essential element of the world economy. There are many reasons for the expansion of the tourism industry such as the vast improvements in transport technology and infrastructure, allowing more and more people from geographically diverse regions to travel and explore with greater ease…

industries with international tourism accounting for 9% of the total GDP and one in every eleven jobs are related to tourism (Meleddu, Pulina, 106, 67). However, tourism by itself leads to various negative externalities on the environment, socio-economy, and local culture (Meleddu, Pulina, 106, 67). For this reason, ecotourism is important and is slowly gaining momentum. Ecotourism can be subdivided or classified into various categories such as sustainable tourism, scientific tourism, nature…

Mineral resources is a concentration of naturally occurring solid, liquid, or gaseous material in or on the earth’s crust that can be extracted and processed into useful materials at an affordable cost. Mineral resources are essential to support sustainable economic growth and our quality of life. Therefore, it is important to have sufficient supply of materials to provide for infrastructure, buildings, energy and goods. However, since mineral resources are nonrenewable natural resource, and…