Economy of Canada

implementation of the Individual Visit Scheme has brought positive economic effects to Hong Kong, but it also created various negative impacts on the local community at the same time. The impacts are can be classified into three aspects, they are economy, social, cultural and environmental concerns. These issues negatively affect the livelihood of Hong Kong residents. Inappropriate behavior Due to cultural difference, there are many conflicts happened between local residents and individual…

The free market system demonstrates a number of advantages, including competition, low prices, free trade, and ease of commerce. Yet the economic benefits of the free markets come with deleterious effects: they harm people who are not in power. It is evident that women and minorities are often pushed to the wayside while men dominate discourse and dictate the economic status quo. Imposing a limitation on markets will curtail or terminate the propagation of harmful masculinity – dangerous male…

Globalization effects all living beings on the planet, including humans, yet many have trouble understanding what it really means. Laurence Rothenberg’s article “Globalization 101: The Three Tensions of Globalization,” illustrates that three tensions, individual choice and societal choice, the free market and governmental intervention, and local authority and extra local authority, make up globalization. In another article written by Thomas L. Friedman “Globalization: The Super-Story,” he…

In today’s modern America, bureaucracy has become quite a negative word in people’s mind. Mainly, due to unsatisfactory experiences related to the term ‘bureaucracy’, most people look down upon it without ever wondering about the positive impacts of bureaucracy in the American democracy. Also, with the policy of the Republicans to bash bureaucracy on every chance they get, bureaucracy has garnered more hatred towards it than applause. People often ignore the fact that American democracy is…

Belgian colonialism in the Congo Basin has often been cited as an extreme case of how a narrow minded focus in the extraction of resources by a colonial power can have dramatic negative consequences on local populations and result in a lack of infrastructure and stable governance. During the period of 1908 to 1960 Belgian powers sought to control the rich resources of the Congo Basin. Through widespread fear tactics and suppression of the local populace the Belgians enslaved locals to work…

Through his book Guns Germs and Steel, Jared Diamond has masterfully woven together the historical developments across many cultures and different time periods. In doing so, he illustrates the historical themes that have been consistently relevant in human history. The main themes are interactions between humans and nature, development of cultures, state-building/expansion, and the evolution of economic systems and social structures. Throughout Guns Germs and Steel, Jared Diamond constantly…

Mid-Term Examination – Economics The Rising Numbers of Alfamart and Indomaret in Indonesia’s Retail Industry and the Impacts on Traditional Retail Shops There are several well-known types of market in economic sector, and one of them is Oligopoly Market. Oligopoly Market has a definition as a market structure in which a few large firms are dominating ("Oligopoly," Economics Online, 2016). Oligopoly markets may have a considerable power to fix prices and output – the power is concentrated in the…

industries of Czech republic, which considerable influence the marketplace.(Kurzy.cz, 2016) The Czech Republic is the 30th largest export economy in the world and the 6th most complex economy according to the Economic Complexity Index. Czech Republic exports 396 products which share of global exports is larger than it would be expected from the size of export economy and product´s global market. (Atlas.media.mit.edu, 2013) According to data, export has increased in 7,3% and import has…

Amartya Sen’s capability approach is a theoretical framework for the evaluation of individual welfare. It provides a theoretical basis for inequality, poverty and policy analysis. In the recent decades the capability approach has gained much popularity as emphasis is laid on human development that goes beyond the previously important notions of sheer economic development. The earlier aspects of capability approach can be traced in the works of Aristotle, Karl Marx and Adam Smith; however, it is…

comprises of diverse nature of organisations, from different countries around the world has been enlarged. In addition to that, creation of cars has been decentralized as designated by the engineering of the production so that they can appreciate economies of scale and scope. Firm’s strategy, structure, and rivalry for Vodafone Vodafone business strategy is to meet the social needs of the customers in order to increase profit. They also took into consideration the specific needs of customers in…