Economic development

Should the federal minimum wage be increased? These questions have long been the subject of heated debate in the US expert community, but after the economic crisis of 2008-2009, they have acquired a special urgency. 
 Just ten years ago, the impact of globalization on employment and distribution of wealth in developed countries was rather low. The economic growth rate of 2.5% was considered quite acceptable, and, in most of these countries, employment opportunities for workers with different…

Lake Mary. In the early 1970s, Lake Mary began to change into a semi-rural bedroom community for the city of Orlando. During the 1980s and 1990s, Lake Mary experienced tremendous growth of its own, with an increase in residential development as well as an economic development center containing hundreds of thousands of square feet of office, retail and industrial space.…

from others. Smith’s writings on this topic contributed to his title as the “Father of Modern Economics”, however, in addition to economics, Smith also wrote extensively about morality. The Theory of Moral Sentiments begins with a description of sympathy and how it contributes to a morally just society. It is evident from these two works that Smith aimed for society to have relatively unified moral and economic visions. However, modern society has not lived up to the standards put forth by…

had vast access to academia given his father was a lawyer. Menger grew in economics while reporting on the market and later went on to take what he learned as a reporter to conclude his own theories on the economy. He developed the modern day explanation of money and came to describe marginal analysis and marginal utility. His ideas are complementary to the Austrian school of economics and his book Principles of Economics actually is what the Austrian school was founded on. Carl Menger was an…

can ultimately be linked back to economic factors at play. During periods of economic expansion and prosperity, there are heightened incentives for organizations to invest into their infrastructure and expand capacity. During times of economic decline, organizational growth wanes as profit margins dwindle, and increased organizational efficiency becomes key. This paper intends to demonstrate how growth is inextricably linked to environmental factors. Economic prosperity has a great impact on…

about the global economic developments that occurred throughout the world’s history. Today the world is so much different in terms of the economy compared to most of human history. “We live in an era when continual economic growth is almost considered a birthright, at least in the developed world. It has become the benchmark of the health of a society, guaranteeing an ever-expanding prosperity.” Also economic growth is a goal for most of today’s politicians so obviously economic growth is…

Part 1: Description of the Rules/Premise/Game Play (How Does it Function as an Economic Model) (Describe how the game’s rules, premise, and game play can be understood from an economic perspective.) Settlers of Catan is a trading game in which players build capital and harvest resources. The game functions as a closed economy, in which opportunity costs, price of a good, and access to a good…

The World Bank and IMF, in theory, is suppose to aid in economic development of impoverished countries in order to reduce poverty and reduce debt burdens. The conditions for countries to receive these loans often come with strings attached. The structural adjustment policies require countries to open up their lands…

definition of crime that varies across nationally. An analysis of four Latin American countries, Chile, Honduras, Mexico and Venezuela, reveals a relationship between the level of development and homicide rate: the more developed countries have a lower homicide rate. Two factors that are used to define the level of development: Economic growth (Gross domestic product) (Unemployment rate) (Inequality gap) and human Welfare (Life expectancy) (Birth and infant mortality rate) (Education and health…

This is the lowest price that the government will allow a commodity will be able to be sold for. The price floor usually does not decrease below minimum wage. b) The first economic question that should be considered is who? Who is the good or service being provided for? Who is in need or want for a good or service? Which goods/services will be for the public and for the private use? E.g. there is traffic congestion on the highway…