The Economist

The Transformation of Cooperate Control by Fligstien is very interesting to say the least. He argues a different position than many economists would argue. Many economists would suggest that the economy works on its own, and that it is not controlled by anything. However, Fligstien suggests that political and social processes, for example government entities and institutions, control the economy. The social and political process involves three different contexts organizational fields, state, and…

At the beginning of the twentieth century, the previously unrivaled reign of the horse as the primary supplier of transportation and physical power came to an end with the advent of the automobile. Since their domestication, horses had remained relevant and even integral to human society despite technological advances, but that trend finally came to an end. This transition seems innocent enough, and even helpful, but a similar situation with serious implications is presently unfolding at this…

Apps, Peter. “Commentary: As Cyber Warfare Turns 10, the West Risks Falling Behind.”Reuters, Thomson Reuters, 4 May 2017, www.reuters.com/article/us-cyber-warfare-commentary/commentary-as-cyber-warfare-turns-10-the-west-risks-falling-behind-idUSKBN180035. The article suggests that there is a distinction between how the West and countries such as Russia and China use cyberspace. The United States focuses on preventing enemies from gaining access to resources such as government systems or…

According to the Economist, as mentioned earlier, FGM has tried to be put out of practice since the 1980s. It is also now illegal in 18 African countries. The religious aspect of the FGM situation is what has some people for the 5000 year old practice. The American Academy…

Effects of Revolutions on the Economic Status I-The British Industrial Revolution (1760-1860) Before the invention of the steam engine in the 18th century, the overall population around world in general and specifically in Great Britain relied mainly on plantation and self-production. The norm was for individuals to cultivate their own plants, create their own foods, weld metal and manufacture necessities that were needed throughout their lives. In some areas, a small shop or two existed…

Many economists are still arguing the pros and cons of the effect low prices has had on the economy. Many say that low prices are good, especially those looking at it from the perspective of a consumer. If you're a consumer you're delighted that you're able to…

But most the of the businesses are run by human beings, so there is no way machines can replace workers if minimum wages are raised. “Real-world evidence is reassuring. In 2010, three economists looked at 1,381 counties over sixteen years, finding that minimum-wage hikes had no effect on employment. Other economists looked at every state-level minimum-wage increase over twenty-five years at times when unemployment was already high and found no evidence of an effect on job creation. Even this…

For centuries, man has created maxims to define poverty, ranging from the notion that “one man’s trash is another’s treasure” to the belief that “a hungry man is not a free man”, but when pressed to objectively define poverty, the issue becomes considerably more complex. While one might think that globalization has allowed for the establishment of a universal standard of poverty, it would appear otherwise as currencies carry different purchasing power and costs of living vary both inter- and…

typically try not to intervene with the market aside from building up foreign exchange reserves (although the Reserve Bank says this is to manage liquidity and not to influence the exchange rate) (Resbank). There has been much speculation from economists that, much like many other countries that do business with China, the recent downturn in the South African economy was influenced by the poor performance of China in 2015 (Bhoola). In the foreign exchange market, despite…

always been deemed by the general population as one of the most important skills a person can acquire to have a successful career. Those who succeed in doing so move forward, while those that do not drop out and are overlooked by society. In 2006, economist Alan S. Blinder wrote the article “Will Your Job be Exported” informing society that education is no longer our biggest concern, but rather our jobs that are being offshored. Blinder states in his article that offshoring is…