Political economy

Finding the solution to these problems have been handicapped by the economic impact of international trade globally. However, as a natural resources based economy, it is possible for nations to adopt sustainable measures that promote economic growth and development. To do this, environmental protection should serve as a hall mark for a policy framework that can be examined properly and integrated into an inclusive…

technology, and education. These countries were the first to transform from a developing nation into a newly industrialized nation (Cateora, 327). These regions, also known as the “East Asian miracles”, highly influenced the creation of China’s economy and trade relations. The four Asian Tigers’ economic boost and trade alliances, motivated the U.S. Trade Representative to develop a free trade agreement. Singapore and South Korea were the first to consent to the U.S. Trade Representative's offer…

business behaviors are: legal, political, social, technological and economic. Besides global factors, the competition within the industry is also crucial for Marks & Spencer. PEST is always used to analyze the business environment. Political factors: Stability of a country and changes of the government policies greatly affect the operation of business. For example, Marks and Spencer has to be abided by regulations and laws set by the government. And also, if the political environment of a…

Considerable writing has been done on the origination of the Irish Troubles with the majority falling into two distinct causal groups, religious identity theory and geographic postcolonial theory. The difference between the two camps being, whether the terrorists are fighting to protect their identity groups, or to maintain their homeland. However, there is a third less dominant group that also exists, economic theory. An economic look says that it is living conditions are the most important…

Globalization is predominantly viewed from a more economic interaction point of view; with little attention given the consequences that global harmonization has on indigenous cultures. A lot of attention has been given to economic, trade and financial flows with universally binding or guidelines on how partners in the globalization phenomenon should operate. Issues of environmental and human right concerns, also attract attention, and even gain closer impetus than issues related to the cultural…

In his opinion, the entire economy should be subjected to unitary treatment with fiscal instruments being utilized to control the money supply. Hayek held an opposing view with emphasis on economic liberalism. Keynes was in favor of government influence in determining monetary supply in the economy. The government must use tax, spending notwithstanding deficits as economic instruments for the economy. Keynes believed that when these tools are a proper use, the economy will realize full…

the leading positions in the Far Eastern Federal District of Russia. The dynamics of the GRP point to the positive development for the last 5 years, with the slowdown of the economy in 2012 due to the cumulative effect of the economic crisis, which is common for major part of the Russian regions in 2012 – 2013 years. The economy of the region is diversified and consists of 15 sectors, with transportation, construction, and trade sectors as min contributors to the GRP. The GRP dynamic presented…

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…

International Political Economy or IPE is one of social science studies that focusing on the correlation between economy and politics internationally. IPE will be focuses on international economic growth, international welfare, international finance, hegemony, etc. In this subject, it seems like there is no boundaries between economy and politics. They related and influence one another. After the colonial period, Indonesia has experienced a lot of progress for both domestic affairs and foreign…

a country with low production factories and industrialization leaves its citizens prone to an increase in income gap between skilled and unskilled workers. For example, Mexico is a developing country of the Latin America, who slowly maintains its economy by accepting major contracts with recognized automobile factories such as General Motors and Chrysler. Therefore, industrialization clearly suggest an increase of capital revenue as well as massive inflow of foreign capital. However, although…