Category: Economic

Article Summary The article under analysis called From the Asian Miracle to an Asian Century? Economic Transformation in the 2000s and Prospects for the 2010s is dedicated to assessing the shifts in the Asian economies, as well as factors contributing to those shifts. Specific emphasis has been placed on highlighting the reasons of economic recession…

Behavioral economics is the study of psychology and how it pertains to people’s and organizations’ economic decision-making processes and how they act in the actual world. This field is essential because it aids in understanding people’s economic behavior and the reasons for actors’ decisions on certain topics. In this case, the study topic is how…

Introduction China falls in the category of the fastest emerging economies in the world. The country’s economic growth from 1949 rested on the government’s commitment to formulate and implement economic development policies (Bramall 2008). During the period ranging from 1953 to 1978, China’s rate of economic growth was 4 per cent (Thomas 2006, p.3). However,…

Table of Contents Introduction Strategic planning Recession and strategic planning Recession and direct/indirect interactive forces in the manager’s environment Recession and ethical decision-making Critique Conclusion Works Cited Introduction Recession in economics refers to slump in economic activities or contraction in business cycles. This situation is exhibited through reduction in the Gross Domestic Product of a…

Milton Friedman and his contributions to political and Economic Philosophy Milton Friedman is a renowned American economist. In that case, he has contributed greatly to various fields such as statistics, microeconomics, macroeconomics and economic history. Furthermore, he advocated for the laissez-faire capitalism (Kasper 2002). In his effort to create social and political freedom, Milton Friedman…

The global financial crisis hit the UAE economy when it was enjoying above average growth rate. The market in the UAE was in boom due to the easy and cheap accessibility of capital that resulted in high degree of lending and borrowing and high level of investment and consumption. Commodity prices, such as that of…

Economy is the science dealing with numerous formulas and equations that allow people monitor the development of the human societies and separate organizations within it. The terms like private, public, and national saving, investment, and equilibrium real interest rate are central to economy. The calculation of the private saving (PrS) of Ecoland can thus be…

Recently, sports have been viewed to be one of the most valuable instruments that can be used in promotion of a region as a tourist attraction centre, a place for business location, and an attractive place where people can live and at the same time, work. Sports also have become a catalyst, which countries are…

The main objective of a free economic system is to utilize the resources of the country in such a way that the production of goods and services out of the available resources may be optimal. In essence, an economic system is characterized by the supply and demand of commodities which may be consequently affected by…

Table of Contents Introduction Hedging Techniques Currencies Borrowed Besides U.s Dollar Foreign Currency Offset of Economic Exposure Hedging Techniques Across Different Companies Conclusion References Introduction American Express (Amex) is an American company headquartered in New York and listed in Fortune 500 as the provider of multinational financial services since its inception in 1850. The company…