Digital economy

While many cities shaped our nation’s history, Chicago was perhaps the most influential of them all. Chicago had many popular trading hubs, and three very popular commodities were grain, lumber, and meat. These commodities helped illustrate three very important facts relating to Chicago that Cronon emphasizes; the combination of economic and environmental history, the symbiotic relationship between city and country, and the difference between “first” and “second” nature. I will begin by…

Africa re-joined the scene of international economies in the 1990’s during which time globalisation had begun to gain prominence. Its move from a socialist socialist movement to a democratic system in 1994 has been a major key towards its gain in economic performance during the globalisation period. This is as the first democratically elected president, Nelson Mandela moved away from the previous Apartheid governments acts towards South Africa’s economy. Mandela used the gains for the…

especially in transition countries. Regardless of the negative aspects of globalization, its appearance should be accepted as a challenge for the possibilities it offers in economic development and growth. Understanding international political economies can be based on three basic perspectives promptly applied by the United States and the Great Britain. These three dominant perspectives fall under the category of liberalism, mercantilism, and structuralism. According to Balaam (2014), the…

out the multinational strategy are inclined to adopt the decentralized federation organizational system. Many experts have research on the effects of the MNCs and got some conclusions. Firstly, for the effects on the world economy, MNCs enhance the integration of the world economy and international markets deeply; and also promote and control the development of international trade, and make the contemporary international investment and international trade are related to each other; what is more,…

to 150 A.D. The pre-modern economy, according to Angresano (1996, 40) was mostly influenced by social standing, hierarchy, redistribution of goods from the top down, and the influence of religious forces; therefore, this stands in contrast to modern economies in which the market plays a much more active role in distribution. The Roman Empire historically, Angresano (1996 42-43) was an economy based on military conquest and the redistribution of resources from…

polices that protect the worker. Labor flexibility has created a system of low wage labor that relies heavily on part-time contracts on an annual basis. Major transnational corporations, such as McDonald’s, epitomize the development of the South Korean economy in the neoliberal model, which has crated a predominantly part-time workforce without a living wage. In my won working experience, McDonald’s has offered low wages for all levels of the franchise, which exposes the massive levels of wage…

UmohINTRODUCTION This article overviews the growth and development of the Nigerian economy from inde pendence to present times. Specifically, the following periods are discussed: the pro-oil boom decade (1960-70); the period of the oil boom (1971 1977); the period of stabilisation and structural adjustment (1986 - 1993) and the period of guided deregulation (1994 -1998).GENERAL PERFORMANCE OF THE ECONOMY The Nigerian economy has had a truncated history. In the period 1960-70, the Gross…

Norway to generate high level of income independent from non-renawable sources. According to Jafarov, et al (2007), The Fund was established as a tool to support prudent management of Norway’s petroleum wealth. One purpose is to shield the non-oil economy from price fluctuations. The Fund is also a long-term savings instrument. It will help to cope with future financial commitments linked to an ageing population. Accumulation of capital in the Fund reflects the depletion of a non-renewable…

because of their vastly different economies. The diverse needs of the different economies caused economic policies controversial, because each policy could only support one economy. The Southern States were slave societies, relying on millions of slaves to maintain their vast plantations. The Northern states however did not need slaves. Some families owned…

unemployment rate in 2015 was recorded at 5.3 percent in August of 2015, the same as in July, remaining one of the lowest in Europe. One of the reasons why policy makers in developing countries strive to attract FDI is to create new jobs in their economies. Zambia also has a high unemployment rate of 13.30%. If these developing countries sought to seek FDI then workers would be required and most firms would rely on the recipient country of FDI for workers rather than employ workers from the host…