Economic restructuring

In Global Capitalism, Jeffry Frieden makes a pioneering attempt at pointing out the key economic and political events that framed the global economy during the last century to the present. He provides an account of the rise and fall from the golden age of globalization, especially its peak years from 1896 to 1914, the post-World War I and II till present condition. The book is divided into four equally covered periods: Last Best Years of the Golden Age, 1896-1914; Things Fall Apart 1914-1939;…

enable advanced economies to gain control over the smaller and developing economies. Besides, critics argue that multilateral agreements are more effective for encouraging trade liberalization than FTA’s. Moreover, the agreements could result in economic instability (Grimson, 2014). Chapter 1 outlined the fact that even though Botswana, Lesotho, Namibia, and Swaziland are third parties in the Trade, Development, and Cooperation Agreement, those countries have become…

During the 1950s, two professors named Modigliani and Miller carried out a serious study on capital-structure theory. According to their analysis, they developed the proposition where it shows capital-structure irrelevance. A hypothesis was made fundamentally which states that in perfect markets, what capital structure that a company applies to finance its operations does not matter, while they came up with a theory saying that the earning power and the risk of its underlying assets are what…

1. When we considering changing the price of a product, we should underscore not just the basic logic of price and quantity but also the factors which leads the producers to think about change. For some goods a small price change results in a big change in quantity demanded; for other goods, a big price change results in a small change in quantity demanded. If we consider the injections have an inelastic demand, according to demand theory; we can say that the percentage change in quantity is…

Glass Packaging Industry: How have few companies kept head above water? Summary In the packaging industry, the growth was the lowest for glass packaging segment (at 0.8%). This was highlighted in Televisory’s earlier blog (Asia the emerging saviour for glass packaging) on the subject. Thus, due to a slow growth in the industry, companies adopted a slew of measures such as cost reduction programs, product improvements, geographic diversification, product portfolio diversification, etc. A few…

The profession of marketing in Vietnam is considered still being in its infancy (Nguyen & Rowley, 2015). It is, therefore, fathomable that unfair fear marketing tactics are still employed by several firms in the country, although they have long been perceived as controversial, and possibly unethical, by consumers in more developed countries. Cited by Arthur & Quester (2003: 12), Spence and Moinpour, 1972; LaTour, Snipes and Bliss, 1996 indicate that fear appeals generally impressively present…

2. Noise trader risk Noise trader risk refers to the risk that the mispricing worsens in the short run because there is possibility that pessimistic traders become even more pessimistic about the future. Once a position is taken, noise traders may drive prices farther from fundamental value, and the arbitrageur may be forced to invest additional capital, which may not be available, forcing an early liquidation of the position. 3. Information gap and financing issues Generally, the arbitrageurs…

3 RESULTS AND DISCUSSION 3.1 Socio-economic characteristics of beekeepers The mean ages of the beekeepers were 38.11 years and the majority of them are between 23 and 70 years old. This survey result showed that people in the most productive age are actively engaged in beekeeping activities with an average experience of 12.31years. The mean land holding of per beekeeper household was estimated to be 1.95 ha. Generally, the average land holding in the district showed insignificant difference but…

current crisis started. The past few years have proved that the Greek Government does not have the right people for managing its economy. The Greek people are also not helping much, as they do not seem to have understood the seriousness of their economic situation. Opposing the austerity measures proves that. There are lots of fundamental forces in an economy like expectations of citizen, money illusion, cost wage lag, anomalies perception, lag perception etc., which can be perceived only by the…

‘ideal’ economy, and till this day, an agreement had not been reached. This essay will analyze both the disadvantage and advantage of the four main economic systems, as well as shed some light on what a utopian economy is, and what is expected of it. Cost and Benefit Analysis of the Four Major Systems: As it was stated above, there are four main economic systems. Some of these…