Economic integration

companies is important, they also have potential for tremendous impact on other realms of the economy such as the field of agriculture. In this paper, I am going to do discuss the economic impact of drones on a micro level with agriculture and drones’ macro impact in accordance to the jobs that stem from their integration. Because of drones, we could see a huge…

while in the political economics the concept limits the power for individuals and institutions. In economics, the power of the entrepreneur turns desires of the consumers, and profits are constantly leveled towards the costs and the forces of the competition. The end of liberalism is the perfection of the human being through the recognition of their own failure, the instruction of reason to the criticism, doubt, humility and intellectual exercise that follows. Without economic freedom there is…

and Engels wholeheartedly welcome the homogenising influence of globalisation because of their firm belief that it will eventually unite the workers of the world against capitalism. As Marx and Engels had correctly anticipated in their Manifesto, economic liberalisation and globalisation do not remain restricted to the world of international trade and commerce. They also bring the passions and aspirations of the new and the old into conflict, leading to complex dramas playing out in each…

good or service is transferred across a technologically separable interface. One stage of activity terminates and another begins.” Transaction costs appear whenever there is “friction” at the point of interface. In other words, Transaction Cost Economics focuses on the organization of transactions that occur whenever a good or service is transferred from a provider to a user across a technologically separable interface. When transactions occur within an organization, the transaction costs can…

Over the past two centuries the West has led the world in means of techno-logical innovation, trade, and economics. Contrarily to what many think, the West didn’t predominate at the time prior the industrialization. As a matter of fact, up until the 19th century, Asia detained great economic and political power in the international scenario. Then why did the West grow rich while the Asian continent stayed behind? Why did the industrial revo-lution occur in Britain rather than in China, and…

is part of a broader trend globally, is in many ways the opposite of economic and human development. Explain what she means, provide examples from Iraq, and argue EITHER in support of her analysis, or against her analysis. The argument presented by Naomi Klein in her work, “The Shock Doctrine” is that the privatization of the government in the form of disaster capitalism, as seen after the Invasion of Iraq, is counter to economic growth and human development.1 Disaster and crisis was used to…

Within the capitalist organisation of economics, the expansion and growth of regions and respective industries can be attributed to the economic factors of scale, scope and agglomeration. The central aspect of these principles lie from the spatial application of businesses to their surroundings and the adaptions within the internal and external mechanisms (Dixon 2014). Territorial development is not just limited to the spreading of production but the controlled spatial expansion in a frame that…

Williams, 1986) explores the idea of gentrification as made up of several layers and developments that can only be understood if the links between one another are inferred. The concept of gentrification consists of the following main factors: social, economic and political, as outlined by Atkinson and Bridge (2005, p.5). This literature review will explore the social factors of gentrification and the benefits…

impacting not only organizations and societies but also the structure of markets and the economics of distribution channel-structures. Among others, four theories have been widely applied to explain the rapid growth of e-commerce: the transaction cost economics (TCE) theory, the agency cost theory (ACT), the network externality theory, and the long tail theory. 2.1 Theories Review 2.1.1 Transaction Cost Economics Theory (TCE) TCE theoretically explains why an organization chooses a particular…

participation, infrastructure, education, public health, and sound economic management to persons living within designated borders. State capacity in Latin America and the Caribbean region has collectively increased as a result the region overcoming a long history of civil war, corrupt authoritarian rule, and economic stagnation. The region is mostly characterized by developing countries that have benefited from democratization and economic liberalization. However, the region still remains…