International economics

The social and economic consequences of austerity measures imposed by troika on Greece have been devastating. Since 2010, Greece’s GDP has fallen by 25 percent and unemployment rate is 26 percent. The youth unemployment rates are at an alarmingly high level. Currently, over 56 percent of young people in Greece are without a job and there are more than 450,000 families with no working members. After five years of fiscal adjustment and economic hardship under the austerity program, Greece’s major…

work to do to when it comes to equality in the workplace. One may question how does this affect international business? Intriguingly, according to the World Bank, countries where women and men have equal rights enjoy higher economic growth, lower poverty rates, and less corruption than nations where women and men are treated differently. Higher economic growth evokes more opportunity for international trade as the country gains more capital. Countries that encompass these positive outputs have a…

International Business Operations Name Institution Date Globally, business is affected by different factors which when coalesced form the business environment (Kolk,2016). These factors include political, legal, social and political factors. Therefore, the business environment is the total of all external forces which affect the organization and general business operation (Kolk,2016). These external forces range from customers, creditors, level of competition, government requirements,…

of migration with the feminization of labor migration in the global world. The numbers of women migrating across the world have increased in the post-war period and the majority of international migrants are comprised of women (Oishi 2002, 1). According to the estimation of UN DESA (2016), the number of international migrants has tremendously increased in the past decades from 222 million in 2010 to 244 million in 2015, and out of these 75 million are hosted by Asia. However, the numbers of…

environment in which international business decisions are taken by a firm consists of three important elements, namely, the home country political environment, the host country political environment, and the global political environment. These political elements listed may have either direct or an indirect influence on international business decisions and may also have either favorable or hostile impact to the activities of the international firm. While making a decision on the international…

Introduction The wealth gap phenomenon between the rich and the poor has become evident over the past decade (…). Decade after decade, governments and international organisations have failed to reduce poverty, nor have they been able to help Africa generate growth and basic infrastructure. The gap between the rich and poor generally refers to the cross sectional distribution of income or wealth at any particular time or to the lifetime income and wealth over a longer period of time among…

choose between languages, science, arts or economics and law. I decided to take economics and law as part of a bilingual program (German and English) at my school. My decision was not primarily based on my interest in economics and law, but rather on the opportunity to take half of the syllabus in English. To participate in the bilingual program you could only have either Latin or economics and law as a major. At that time, I did not know how strongly economics would fascinate me. Now I am…

Economic globalization refers to the process that world economies are becoming increasingly interdependent. It is widely believed that the first real historical phase of economic globalization started in the 19th century. As a turning point in this process, the Industrial Revolution brought the innovations in the transportation (i.e. railroads and ships) and the communication (i.e. underwater transatlantic cable), which facilitated the movements of people and goods. At the same time, the…

In the global economy, the growth and development of stock market of any country depends on the financial system and economic fundamentals. The well established financial system provides the necessary financial inputs for the production and services. The strong economic policies and economic indicators are support the standard of living of people and influence the growth of an economy. Before, liberalization, privatization and globalization, most of the economy as consider as closed economy, the…

objectives of the Reserve Bank of Australia. We look at the some of the factors that affects the RBA cash rate such as International economic conditions, domestic conditions of Australia and the stability of financial markets in Australia. International economic conditions: One of the major issue that Reserve bank of Australia should take into account is the effect of the International economic conditions. If we focus on the United States housing market, Prices are performing well. The most…