Economic integration

The first is Electricity Consumption and the second is Urban Population. An article titled “Energy consumption and economic growth in the United States” cites how we were able to correlate an increase of energy consumption to economic growth (Arora & Shi, 2016). This trend, however, appears to be reversing with the increases in higher energy efficiencies. The correlations were proven out in the 1990’s and earlier however further…

threat of political decay is present and states have the risk of falling into a cycle where they cannot further develop. The pre-requisites for the emergence of democracy are the categorizes of the bellicist theory containing political conflict, economic, and cultural theories; and the existence of stabilized institutions within the state regarding rule of law, the state, and accountable government. One of the main reasoning and identifiable pre-requites for the emergence of democracies…

Coca-Cola 's External Technology Assessment and Acquisition (ETA) programs have achieved a broad range of innovations for the company aimed at lowering production costs and maximizing profits (Flynn & Okuonzi, 2016). The company’s 3M Technologies Light Tube Technology creates improved and new lighting for the coolers. The technology is expected to double the company’s chilled space without increasing its carbon footprint. Additionally, it would reduce the coolers’ energy requirements, thereby…

Purpose Economy vs. Creative Economy Aaron Hurst describes the fourth economic stage as the purpose economy (following the knowledge economy). As humans, we have a fear of not mattering. Because of this, Hurst predicts our next economic era will be centered around our individual quest for purpose. Each of the previous economies have made mankind ‘faster, stronger, smarter,’ but now mankind is turning back to a more ‘human’ way of doing things. Purpose is a choice, according to Hurst, which…

interaction and unification among the people, companies, and government of the separate nations. The driving factors behind globalization are investment and international trade, which are supported by technology. The association of sporting, cultural, and economic activities are the underlying cause of the connectivity component of globalization. The relationship between these activities have been increasing at a positive rate, leading to the spread of different cultural life across the world. …

people looking to settle. However, there are also more economic triggers for the expansion of the Vikings in addition to other demographic and social aspects of Viking society. These include a variety of trading connections that have existed in the Baltic for years, the availability…

Anjali Chaudhry’s research, “In response to globalization and increased competition, organizations are implementing change programs such as downsizing, corporate mergers, restructuring, and sometimes outsourcing to stay competitive. With the recent economic downturn, it seems likely that the new workplace reality will significantly redefine employment relationships and have an impact on individuals’ psychological contracts.” (Anjali Chaudhry, 2011). Therefore, these external factors have a…

The Great Recession began in December of 2007 and continued through 2010. This all began with the bursting of the housing bubble. The resulting loss of wealth led to sharp cutbacks in consumer spending. This loss of consumption, along with the financial market chaos triggered by the bursting of the bubble, also led to a collapse in business investments. As consumer spending and business investments dried up, massive job loss followed. In 2008 and 2009, the U.S. labor market lost millions of…

which is independent from nonhomotheticities, that is, it is assumed that a(p) does not vary with the level of income. Though this is a plausible assumption within a country, across countries it is more like to vary given the differences in the level economic prosperity and tastes of countries. This is important as βj is interpreted as the income elasticities of the good and so βj’s for various countries for the same good are directly comparable, that is, income elasticities of the same…

Executive Summary MINIMUM WAGE The influence of an increase in the minimum wage will have a significant impact on the four features these are labor market, employees, enterprise group and the entire economic output of Australia. It has two positive and negative aspects of the impactions. The impact of the labor market Wage is the labor market supply and demand, which can conductor enterprises and individuals of the labor demand and supply behavior of the signal. When the labor demand is…