World economy

Essay It is evident that China's economy and their technology has been booming day by day as they become an international hub for Foreign Investment and source of low-priced imports. From this alliance between two nations brings heavy dependence on one nation for the success of the other as witnessed by Canada's dependence on China. It is clear that the heavy dependence on the Chinese economy has been responsible for the recent significant decline of the Canadian economy. The future of Canada's…

GLOBALIZATION’S EFFECT ON FAMILY LIFE Globalization is a process through which the world is increasingly connected and interdependent. This process is largely associated with economic and political change. It is a step towards a more integrated and interdependent world. It is the process of denationalization of markets, politics and legal systems, i.e., the rise of the so-called global economy. It promotes connectivity, free trade, cultural diversity, mobility and changes in ITC. Globalization…

Factors of Economic Development: Comparing India and China In today’s interconnected global economy, China and India are continuing to emerge as leading factors catalyzing the growth of globalization and economic wealth. An overabundance of labor and an increasingly educated population, both Asian countries have transformed their nations into highly influential economic powerhouses. As of 2014, China and India combined for over two-and-a-half billion, 36.737507%, of the seven-plus billion…

the global economy what it is today. Mass jobs have been created, new ideas have spread, and businesses have boomed due to the two main revolutionary advancements in history. The current problem with the technology wave is that there are far too many unanswered questions about what it will do for our economy. In the past, increased advancements have led to economic growth and development to developing and developed countries alike. Now with technology growing exponentially, the economy is at…

become big players in the world’s economy in what seems to be overnight, due to such rapid growth. In The Elephant and the Dragon: The Rise of India and China and What It Means for All of US, Robyn Meredith lays out the history along with effects of this rise in India and China. One of the main questions is what should the United States do about this rise of what could be two new super powers in the world. China and India are transforming from poor and closed economies to developmental giants.…

for other jobs. Unemployment can also be attributed to rising number of workforce and fewer industries to absorb them. US real GDP is 16.81 trillion USD with a quarterly growth rate of about 2.06% and an annual rate of 3.3%. It is the largest economy in the world, but the current…

should be viewed as an advantage to the Caribbean, or perceived with aggression, as it has the ability to increase inequality amongst nations. It has had a significant impact on the countries’ economies throughout the years, and it continues to because of the rapid pace of technological advancements in today’s world. Evidence demonstrates that the economic growth has been declining in the Caribbean over the past 10 years by 2% annually, leaving some countries with negative growth (Hassan,…

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…

study China’s 1935 Currency Reform to investigate the central-provincial relations. After graduating from Stony Brook University, I worked at a business firm where I found that the current European debt crisis shares some similarities with Chinese economy of the 1930s. One of the most crucial issues of the euro crisis is the legitimacy of the European Central Bank. Some members, like Greece, argue that the monetary policy of euro only considers Germany’s interests, but neglects the interests of…

In the past 300 years the world has seen a globalized market and unprecedented growth. While quality of life has skyrocketed across the world, new challenges have arisen. Serge LaTouche, a French economist, states that geometric economic growth cannot be sustained forever in his chapter “The Territory of De-Growth” from his book Farewell to Growth, calling for controlled economic growth to ensure a successful future. In the chapter “The Territory of De-Growth”, Latouche distinguishes the…