Category: Economics

Did the import substitution strategy work in Brazil? Brazil adopted the import substitution strategy after years of trying to develop Brazil and change its economy from that of a developing world to that of a developed country. Alfaro (2002) explains that one of the reasons why Brazil changed strategies was the impact of the Great…

Unemployment The Coronavirus and the quarantining measures that accompany it have led to a significant increase in the number of unemployed populations across the countries of Europe. Commonly, several types of unemployment are identified depending on the causes and duration of the workforce supply and demand inconsistencies. In particular, there are three main categories of…

The Big Mac index was invented in 1986 by one of the editors of the economist newspaper. Initially it was considered a lighthearted theory of the exchange rate introduction. The impact resulting from the use of this theory around the world has had its share of benefits and abuse as the burgernomics enters the third…

Table of Contents Commodity Markets: Customers Rule Non-Commodity Markets Speical topics Commodity Markets: Customers Rule Generally, consumers dictate market dynamics, example, if consumer demand is high, the market will respond by increasing supply and vice versa. The market response process entails six fundamental stages. To understand the market response dynamics, market-level diagrams have to be…

Introduction: Government Sector vs. Free Entrepreneurship. A UAE Dilemma The significance of private sector development has become increasingly clear in the globalization environment of the XXI century. However, according to the existing records, in India, the development of the private sector is hindered by a variety of factors, which leads to unemployment and regress of…

Table of Contents Introduction Summary Evaluation Response Conclusion References Introduction Tamara Thompson is an editor and author with interests in diverse subjects, such as popular works, interpretations, criticisms, and juvenile works. She has done more than 58 publications. In “How stores spy on you”, there is a detailed account on how various shopping outlets use…

Maintaining high and sustainable economic growth rates with all round adequacy of economic indicators has proven to be a difficult, or rather, impossible task for economies all over the globe. It has been observed that an economy may do well on the key economic indicators like the nominal GDP but it will have a number…

Introduction Chinese history of great transformation took place between three dynastic cycles, which are the Zhou, the Qin and the Han; this in turn came to cover major events of Classical China. It is believed that the dynastic pattern or system of administration started to function during the classical Chinese history that persisted for a…

The modern-day global economy is predominantly driven by energy market forces. The energy options today are numerous and allow for obtaining energy from a variety of sources. Despite the extensive development of alternative, environmental-friendly energy sources, such as solar power plants or waste energy, conventional petroleum products and hydrocarbons are the key elements of the…

The economic recessions that the world has been experiencing can not be prevented without a collective effort from the international community. The current global economy is characterized by high unemployment rates, social inequality and lack of proper regulations which have led to economic instability in many countries around the world (Danes, 2008). The international community…