development of the economy in many sectors. The reason is simple: the shareholders' interests do not coincide with those of managers. For the first ones it is profitable to "pull" means out from a company, relying on short-term investments. And this policy affects the interest of those who are counting on a longer-term perspective - workers, managers, partners, customers, and even the people of those regions, where…
In his work The Wealth and Poverty of Nations: Why Some Are So Rich And Some So Poor, Landes offers an extensive overview of the history of global economy as he investigates the factors that create disparities in the prosperity of nations. In doing so, Landes employs both theoretical and empirical cases of the economic development that various states have gone through over the past two thousand years. Throughout his analysis, Landes uncovers an interaction between technological progress and…
• Nominal exchange rate The nominal exchange rate is the value of one currency that can be exchanged in terms of another currency, that is, how much domestic currency is needed in order to purchase a foreign currency or vice-versa. For example, assume that 1 US Dollar costs Rs 35. The nominal exchange rate can be expressed in the following ways: 1 US Dollar = Rs 35, or 1 Mauritian rupee = 0.029 US Dollar A decrease in the Mauritian rupee towards the US Dollar is called an appreciation of the…
don’t have one while competitors have one in place Risks identified by Silverstone Limited: These are additional risks that have been identified by Silverstone Limited: External risks • The buying of the NWK debt book - Risk that their debt policies differ from that of Senwes. There is a risk that NWK might lose clients, which…
I believe that the purpose of this bumper sticker is clearly to express corporate capitalism. It is, in my opinion, an argument of ethics, reasoning, or logos. Is it ethical, or reasonable, to allow a large corporation, such as coke, to control a larger part of our economic system than the people or government? Nothing to my knowledge provides a more accurate depiction of this problem than a bumper sticker using the iconic enjoy that Coke (a large, multinational conglomerate) so typically, and…
Ticket scalping has been around for many years and is defined as ‘an unsanctioned ticket investor who purchases tickets to an event and resells them at raised prices.’ The action to ‘scalp’ has been referenced as early as 1869 in American English to theater tickets but mostly to that of the 19th century referencing railway tickets. A scalper was a common utterance for “con man or cheater” in the late 19th century. (Scalper) The second-hand market grew exponentially as opportunists realized they…
Monetary and Fiscal Policy How Does the government keep our country from falling into economic depressions like the 1940’s? In the early 1930’s a man named John Maynard Keynes started an evolution in economic thinking. He challenged the ideas of the free market and argued that aggregate demand determined the overall GDP. He also argued that inadequate aggregate demand could lead to prolonged periods of high unemployment. Keynes proposed the use of fiscal and monetary policies to diminish…
The economic factors in which Adidas has to face are also very significant. Adidas manufacturing is a risky component of their industry since they are dealing with several countries which adds vulnerability. Aspects such as economic growth and interest rates are major components in this situation. Interest rates may significantly increase in some countries, causing prices to increase, and therefore, demand to decrease. Yet, if interest rates significantly decrease in these countries, more…
systematic practitioner of mercantilist policies was undoubtedly Jean-Baptiste Colbert. He used the power of the Sun King’s state to increase its wealth through the promotion of French trade and manufactures. He used tariff barriers to protect industries that faced serious foreign competition. He also built up a merchant marine to rival that of the Dutch and ensure that French trade was carried in French ships. Colbert viewed commerce as an instrument of national policy and merchants had little…
supports experiencing a profound crisis. It has survived in the UK by moving further towards what Mirowski might understand as monetarist neoliberalism— – so much so that the limits of monetary policy have been breached, with monetary activism in the coalition and Conservative governments’ economic policy agenda (building to some extent on their predecessor’s immediate response to the events of 2008) bleeding into extensive fiscal risks and spending commitments by the state in order to sustain…