Non-market economics

times throughout world history, economic downturns called recessions or depressions have devastated both individual lives and countries’ economies. On a microscale, many people lose their jobs, businesses, and in extreme cases, their homes. On a macro level, unemployment rises, and gross domestic product (the way economists measure the success of an economy) sinks to new lows. Recessions and depressions are the cause of the ruination of many. Although these economic crises are seen as sudden and…

One could argue that economic disinterest observed by Marcel Mauss in the Gift and Karl Polanyi in the Great Transformation can ultimately be aligned with Adam Smith’s claim, which is that individual desire to attain more material goods is the natural cause of exchanges between people. In this point of view, Polanyi could be criticized for associating economic self-interest exclusively with market transactions instead of considering the various ways economic self-interest could be displayed in…

intermediaries between depositors who supply the capital and the borrowers who demand it. In the 90s, the whole banking structure had developed and brought major changes. New entrepreneurs, financial institutions/banks also emerged in the decade. Market Center was shifting from mass banking to class banking. Foreign banks brought…

Section Five HUMAN RESOURCE & MARKET ANALYSIS Global/ National Trends: According to Virginia.gov, 1teen pregnancy is a critical public health issue that affects the health, education, social and economic future of mother and child; social issues include welfare dependency, out-of-wedlock births and workforce development. Data shows that 1Virginia (Southwest) (44.7) region had the highest teen pregnancy rates, while the Northern (18.0) region had the lowest. Overall, 1there were 7,335 reported…

the effect of an economics decisions which is done by one parties on the unrelated parties who did not have a choice and whose interests were not taken into account and it cause the market become inefficient. Externalities are spillover effects that fall on parties not otherwise involved in a market as a producer or a consumer of a good or service. Externality can be negative or positive. Positive Externality Negative externality Is beneficial Increase social benefits Leads market to produce a…

first to market a blueprint of its success. The culture in more economically stable customer countries is for the best and most innovative products therefore Nokia combines both cost effective and cutting edge technology to reach all consumer natures…

undistorted foreign market as the market benchmark? As stated above, the AB rejected the Panel’s opinion and held that a market benchmark should not be distorted by the government. The US suggested that the American domestic price could be an alternative. With respect to the AB and American opinions, some questions are worth to be discussed. First of all, could the US domestic market be adapted properly? In addition, even if the US domestic timber market represented the undistorted market, can…

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…

better corporate financial performance. Eccles, Ioannou and Serafeim (2012) find that high sustainability firms have better stock and accounting performance in long run. Luo and Bhattacharya (2006) offer the evidence that CSR strength result in higher market value by increasing customer satisfaction. When it comes to the impact of ESG on corporate financial performance, scholars work on the both the aggregate and disaggregated ESG, yet literatures on disaggregated ESG performance still outnumber…

University, from where he graduated with Bachelor’s degree in Economics further he finished Master’s degree in Engineering. After coming to India his first experiment was agriculture and tried all sorts of crops, mangoes and roses…