Economy of Japan

Galbraith and Thorstein Veblen both sought to formulate their conception of the role of power in an economic society. In his writing Power and the Useful Economist, Galbraith presents the idea that the state plays a significant role in deciding how the economy spends its productive capacity. In Veblen’s writing The Theory of the Leisure Class, he presents critical thinking and theories that pertain to the habits of individuals in society and their related social norms. Both economists present…

In 1996, Korea became one of the members in OECD, achieving recognition as a developed country. To come to this point, there were many major historical events that impacted Korea and its economic success. One of the most impacting events was called, “Gwangju Uprising”, which was a movement against an absolute government. Gwangju revolution was firstly started by college students who were against the absolute government of Korea. People later joined the protest after looking at cruel oppression…

CHAPTER THREE OGBOMOSHO EMIGRANTS, 1969-2011 3.1 Factors Responsible For the Migration of Ogbomosho Indigene. There are various views on the factors that prompted migration .The economist believed that economic determinants are the basic reasons for migration, while others feel that a host of intervening factors are also responsible in the decision to migrate. According to this research work, Ogbomosho people migrate mainly for…

Tracking a countries macroeconomic performance is critical to any and all countries willing to start up an economy, or trying to improve their economy. Countries seeking a solid performance report should primarily use income as their start up to finding the best possible economic route towards climbing out of economic drought. Income is the single most important factor in measuring economic performance. Gross domestic product otherwise known as “GDP” is the most frequently used measure of a…

an economic analysis theory that breaks regional economies into two sectors, the basic and non-basic sectors. The basic sector is viewed as the engine of economic growth, converting inputs from either inside or outside the region of analysis, and turning them into outputs for sale to other economies. It is then assumed that the existence of the non-basic sector exists to serve the basic sector. In the theory, money comes into the regional economy through exports, is paid to owners of land,…

William Easterly’s article “Was Development Assistance a Mistake?” (2007) seeks to contribute to an ongoing discussion regarding the efficiency of the foreign aid provided to low-income countries. Easterly is a Professor of Economics at New York University, specializing in economic development. He has held some prestigious posts as an economist and researcher at the World Bank, Journal of Development Economics and Aid Watch, to name but a few. One of his books The White Man’s Burden: Why the…

Andrew Jackson played an important role in the age of economic nationalism and growing political sectionalism. Economic nationalism is a circumstance in which a country attempts to preserve its personal economy by minimizing the amount of imports and investments from other countries. Political sectionalism is the support of a particular part of the United States of specific political interests. Economic nationalism and political sectionalism can be seen in Andrew Jackson’s actions in the South…

indispensable part of the general public lives. In fact, there are more than ten million passengers used public transports in Hong Kong every day. This data of traffic flow was counted the visitor. To compare with other city, which have similar economies of scale and land area, such as Singapore and Taipei, the Hong Kong public traffic flow is very high. When the public transport usage is high. It means the road traffic flow is high. It will bring some problem such as traffic congestion. To…

Public transportation is a system of transportation that the government offer for people who cannot use private transportation. Previously, the primary objective behind public transportation was to give low-income people a method of transportation with sensible costs. Nevertheless, nowadays some private companies changed this principle by using public transportation as a business deal. Numerous individuals believe that public transportation is essential for them and it makes their lives easier,…

theoretical idea that plurality of actors in the are very important in the international arena. Actors such as private, non-governmental, businesses, and individual leaders shape a state’s foreign policy and have become an important role in the global economy. Liberal’s concentrate on economic freedom like free markets and capitalism as well as democracy as a political system. These freedoms are seen as cooperation and interdependence amongst the international arena. Their personal…