Economy of Japan

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…

In the article that I have read on unemployment, it gave knowledge about how the U.S. economy (2015) was expected to continue on its previous growth path and on into at least the first quarter of next year (2016). The GDP growth rate is expected to remain somewhat consistent in the 2.25 percentage range. There has been a decline in the unemployment rate (now at 5.5 percent). There is also minimal improvement in disposable income that have raised spending. Simultaneously, GDP growth has also…

The cohesive economic growth created by the investment of other countries has made many steps in exciting this reaction. Aid sent by china culminates into a platform of people who need employment to kick start their economy. James Snider, Editor of Think Africa, breaks down the process in an interview with Al Jazeera English. Snider stated “in order to have broad-based development you need to have a much more labor absorption. Then you can have more domestic demand and…

wealthy states followed, and they too will become rich. In other words, less developed countries should embrace Western ideas that individualism is important to a functioning society and economy. Therefore, if individuals follow their own desire, the country as a whole will prosper, and individuals succeeding in an economy will receive profits. The other aspect of modernization theory argues that countries should industrialize as much as possible and move away from agriculture production (IR,…

Australian and Indonesia, while similar in many ways, have very considerable differences, particularly in their economies. Both are mixed market economies, but while Australia’s economy is well developed and has a large proportion of government interference helping to make Australia one of the most desirable nations to live in, Indonesia’s economy is less advanced with a lower level of income per capita and a lower standard of living than Australia. Though Australia is four times larger than…

up new cabinet offices and agencies like Housing and Urban Development and Equal Employment Opportunity Commission respectively (GML 977). Such measures greatly increased federal government involvement in the people’s social welfare and nation’s economy. Additionally, the sixties was an era radical changes in the nation’s state of affairs. The Civil Rights movement succeeded in banning segregation…

Few would contradict the fact that the investment in infrastructure is important to the economy or an infrastructure in good working order is obviously a necessary condition for economic activity. According to Eberts (2002) , the essential question is whether, at the margin, an additional investment infrastructure contributes to economic growth. To policy makers, this Growth has several possible outcomes, including employment growth and income, improving the quality of life, environmental…

apply the Mineral and Mining Act results from a fear that strict adherence to the Act might dwindle federal revenue, and constrains budget. While this fear is a genuine one, it can however be partly addressed by a diversification of the national economy, from oil based to include other sectors of the…

On Behalf of Inequality and the Top 1 Percent For the past few decades, the unequal distribution of income has gradually positioned itself as one of the focal themes of academic research and of national debates in the United States. While the chances of it being thoroughly discussed on the news remain relatively slim due to Donald Trump 's latest groping scandal and Hillary Clinton 's missing emails, the topic inevitably holds the interest of many other people, especially economists, leading…