International political economy

situations with the economic theory in the narrative. He seeks to introduce economics to those who are in a position of understanding what is articulated in layman terms. Various things ought to be considered when determining the overall wellbeing of the economy. Human beings have different motivators and set priorities. A clear understanding of all factors surrounding decision-making and all the possible results is of great essence. Information asymmetry can result to a number of problems. The…

defaults compared to the normal rates. In furtherance to the same, the collateralized-mortgage-obligations (C-M-O) which in this regard is a collaterized type of debt commitments allowed escalation of these problems from the mortgage to the rest of the economy sectors. This had a widespread repercussion on the entire financial markets at large. C-M-O were the securities that were backed up by mortgages that were issued by the investment financial institutions such as banks. However, these…

person is 2113 hours, the third), the unemployment rate is high (3.6% 14th), the birth rate is low (female per capita is 1.26, ranking the world 166), the economic growth rate is only 2.6%, ranked the world 104. In addition, the national image, international competitiveness, transparency levels are declining. Fortunately, South Korea 's trade and trade balance in 2015 ranked 6th and 4th place, and in 2014, per capita R & D expenditure ranked 14th in the…

living, job creation, increased wages and an improved economy. Trickle-down economics assumes that large corporations and the wealthiest Americans are the sole drivers of economic growth; their tax breaks and benefits should directly stimulate the economy. Unfortunately, in the post-Reagan era, we have not seen major economic growth through the theory of trickle-down economics. If tax cuts for the rich were the perfect solution to a declining economy…

2.1 Lewis Dual Sector Model of Economic Development The Lewis Dual Sector model was proposed by Arthur Lewis in 1954 and has two main sectors: An agricultural/rural sector characterized by subsistence nature i.e. most of the agriculture produce are meant for own consumption rather than traded hence zero marginal productivity of labour, and an urban/industrial/manufacturing sector which has a high demand for labour force and offers higher wages than the ones being offered in the rural areas.…

The key concepts of the section Regional Economic Development are: localized economies and agglomeration, backwards-and-forward linkage, social capital, and spread effects. Localized Economy is when an industry clusters in an area giving the area economic advantage and growth. An example of this is when there is a large natural resource, like steel, is close to a manufacturing site, like railroad tracks. The agglomeration is the effect is the causes and effects between the manufacturer and…

tended to be high-price economies, except for the direct contribution of the natural resource sector itself to export, these countries failed to achieve strong export led growth (Sachs and Warner 2001, p.…

“capable of assuming control over broader territories, and of mobilizing their economic and human resources”. (1993, p.12). The new cities marked the process of state building by their ability to function. Furthermore, they became a new player in the political power structure. The development of France into a sovereign state was marked by the conquest of Normandy (1204). This event led to the unification of France due to the submission of one third of the cities under royal control. Until the…

extensively to stick to their South African roots and maintain an “African” identity ,furthermore stating in their sustainability report that “ Africa is our home , we drive her growth”. This has subsequently lead to Standard Bank , being an international financial provider, commencing with several CSR projects operating that not only operate in South Africa solely, but across the African…

of traditional cottage industries. But with the advent of industrialization, cottage industries witnessed a sharp decline. However, the government has taken steps to revive cottage industries as they play an important part in contributing to the economy of the country. The top five Indian cottage industries are cotton weaving, silk weaving, carpet making, leather industry, metal handicrafts and small food processing industries. The commodities that are being produced by cottage industries are…