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The Asian Values Debates
The process of globalization overwhelms practically the whole modern world including not only well-developed post-industrial countries but developing countries as well. This process influences all aspects of human everyday life and it has already overcome only economical side of our reality. It is evident that nowadays not only economies of different countries change but also we observe a significant shift in their politics and their traditional way of life.Read more…China and Accelerating Currency Reforms in the Wake of Redline Growth
China's economy seems to be becoming the world's manufacturing headquarters and with this rapid growth is also coming with inflation worries. China is being careful to regulate its currency but now it must accelerate its currency reforms as its industrial capacity and growing economy is running at redline and could overheat. The longer China waits on its currency reforms the harder the change will come later and this could cause significant problems.Read more…What Factors Are Affecting Oil & Gas Prices?
As with any commodity, prices for crude oil and natural gas will move according to a number of factors. Some of the larger indicators include: geopolitical positions—mainly in the middle east, weather related outlooks, and of course supply & demand. In recent weeks, we’ve seen positive outlooks in all of these categories; negotiations with Iran have appeared positive, the hurricane season looks to be ending on a mild note and oil & gas inventories are at a high level.Read more…A View on the South African Economy
South Africa has developed from an agrarian into a modern industrial state since World War II. Today, the economy is well-diversified and the country is capable of producing a wide range of consumer and investment goods. South Africa produces one fifth of the entire production of the African continent.Read more…Shifting Gears: The Increasing Power Of The Emerging World
Globalization - unquestionably a democratic concept that puts all mankind on the same platform.In Economics there is a special sentence to describe this process of equalization, referred to by politicians as ‘globalization': economists call it ‘Democratization of Wealth'. The democratization of wealth among nations is theoretically almost a perfect concept, save and except for only one drawback: as poorer countries are getting richer, richer countries are getting poorer.Read more…Biodiesel as Fuel is A Step in the Right Direction
Biodiesel as fuel, Americans are well aware that they need to do something about the addiction to oil. As long as most of the oil continues to come from the Middle East, there is no doubt that an alternative source of energy is most needed. More and more people are getting enthused about alternative fuels because they want to see their money kept in America and being poured out to another country, not to mention there is a huge dislike at being held captive at the pump to the supplying country.Read more…Two-Time Lottery Winners And The Economics Law Of Diminishing Marginal Utility
Do you think lightning never strikes twice? Everybody dreams of winning the lottery despite astronomical odds. But what about the very few that have hit the jackpot twice?Read more…Living in the United States - Are We Spending Ourselves into Bankruptcy?
For years the United States Government has been adding each year’s deficit into the total of the National Debt. Generally when you hear people discussing the problem, they are usually referring to the current years’ deficit. The problem is much larger than this year’s overspending.Read more…Economic Growth
Does government expenditure have a positive or negative effect on economic growth? A priori, we do not know. Arguments can be made in both directions.Read more…Economic Certainties
If we attempt to classify what we are in the habit of naming our thought about price phenomena, we shall find that our views may be put into three categories which we may call economic certainties, economic probabilities, and economic dreams. Into the first category we put those theorems about which we are absolutely certain; into the second, those rules that may be followed with the prospect of their being true on the average; and into the third, those products of our wishful thinking which bear so many resemblances to our dreams. The differences in the nature of our three groups of theories will be more easily apprehended if we state at once that the criterion of "truth" varies from category to category.Read more…Can A Government Increase the Rate of Economic Growth
The rate of economic growth measures the annual % increase in Real GDP. The long term trend rate of economic growth in the UK is about 2.5%.Read more…The Causes of Recessions
A recession occurs when there is a fall in economic growth for 2 consecutive quarters, however if growth is very low there will be increased spare capacity and people will feel there is a recession, this is sometimes known as a growth recession.If there is a fall in AD then according to Keynesian analysis there will be a fall in Real GDP. The effect on Real GDP depends upon the slope of the AS curve if the economy is close to full capacity lower AD would only cause a small fall in Real GDP.Read more…Wal-Mart, Sam's Club To Pay Up For Labor Law Violations
This day in age, many major corporations are so consumed with the bottom line that they tend to either incidentally, or in some cases purposefully, neglect the very people that make their company run.It’s about time that some steps have been taken toward correcting this injustice.A Philadelphia jury recently ruled that the mega-corporation Wal-Mart has been in violation of state labor laws and will be penalized to the tune of at least $78.Read more…The Mainstream and The Markets
A new book out penned by Addison Wiggin and Bill Bonner of the Daily Reckoning entitled "Empire of Debt" reports total credit debt in the U.S now at $39 trillion and growing. With the U.Read more…Indian PET Market
INTRODUCTIONThe PET industry has focused very much on Asia in recent years, and especially on China. But there is another Asian country with a one billion plus population - India. India is keen to join the march of progress and open up to PET, welcoming visitors and businessmen with open arms.Read more…The Role of Money in America's Economy
My favorite quote about money comes from the British novelist W. Somerset Maugham: Money is like a sixth sense without which we cannot make a complete use of the other five.There are probably millions of wage earners who wish they could use their five basic senses to see, hear, smell, taste and touch life without any concern for the necessity of financing their life, but money is a stern taskmaster who keeps their noses to the grindstone.Read more…The Spiraling Cost of “Free”
We all know how great it feels to be offered something for nothing. Most of us have rushed to the store to cash a coupon for a “free” item happily. But while the price to us on the spot is nothing, the actual cost to produce that item still remains and must be recouped.Read more…Hu is in India but Who am I in China?
Today, Sunday morning, I sit thinking and typing at my computer. My thoughts are in my homeland, India and my body is in China. The body is here and mind there for a good reason.Read more…Future of Interest Rates in UK
The latest date from the Office of national statistics shows that prices rose less than expected in the previous month. The CPI measure of inflation remained at 2.4%.Read more…Offshoring U.S. Patients No Cure for Ailing Healthcare System
For several years now, American healthcare consumers, including many from other western industrialized nations, have heard about elective surgeries being performed in lesser-developed nations and due to cost and denial of coverage by health insurance providers have opted to go there. However, surgeries in the past were truly elective and not medically necessary procedures that largely consisted of face-lifts, tummy tucks and gastric bypasses for cosmetic purposes.But just in the past two years, American patients are being wooed to make decisions on serious medically necessary surgeries due to their fears of excessive healthcare costs.Read more…
Most Recent Articles in Economics category
- Investors Moving Money to European Banks Fearing U.S. Economy and Major Bank Failures - By: Brett Schoneman
"Many investors are placing part of their hard-earned money out of harms way into foreign banks that do not have exposure to the U.S. sub-prime mortgage crises," says Kevin Wessell, CEO of Offshore Company. Mr. Wessell is also the author of "Build Your Financial Castle" and a nationally renowned asset protection seminar speaker. - The success of Africa's exports - By: Paul McIndoe
While Africa faces tremendous challenges on the road to integration into the world trading system, many African export sectors have actually outperformed world market growth. - The 10 Movers and Shakers in Turkey's Banking Sector - By: James Kara Murat
In Turkey there are many sectors active and dynamic and the banking sector is one of them. The dynamism of the banking sector is a result of the lifting of certain restrictions - The Biggest Banking Mergers & Acquisitions in Turkey - By: James Kara Murat
Turkey is making some economic reforms in order to become part of the European Union. As a result, the Turkish banking industry has seen many changes. - Barcelona economy - By: Kirsty Connell
Barcelona has a highly diversified economic structure. Find out the facts which lead to the growth of Barcelona economy. - Indian Retailers Accelerate Evolving Pace - By: Gaurav Doshi
Retail industry in India is gradually edging its way towards becoming the next boom industry with contributing more than 10% to Country’s GDP and around 8% employment. Several Indian and global players are developing strategies to enter such a fast paced and growing market. Also the whole retail industry is taking new shape, the traditional market giving way for the more organized market in the form of departmental stores, hypermarkets, supermarkets and specialty stores. - The Real State of the Economy - Good or Bad? - By: Stephen Morgan
There is something about the US Economy at the moment that I for one don’t get. Now it may be that being a brit, I am a little slow on the uptake; this has been known to happen every now and then but at the moment I cannot fathom several things out.Firstly, the UK economy, despite the Chancellors proud claims, is not in exactly the best of shapes but in the US, the Government is technically, if not practically bankrupt. - India Emerging As A Global Healthcare Destination - By: Christine Macguire
Health is vital for ethical, artistic, material and spiritual development of man. It is very certain that of all the gains, the gains of health are the highest and the best. Traveling abroad for treatment has been an age-old practice. - India-Srilanka Free Trade Agreement(FTA): The Success and Road Ahead - By: Dr Suvrokamal Dutta
The Free Trade Agreement between India and Srilanka came into full existence from 1st March 2000.This FTA basically deals with the modalities of the Duty Free Import of the Goods manufactured in Srilanka. Which exempt specified goods imported under Indo-Srilanka Free Trade Agreement from the Import Duty up to 100%. - Industrialization and Economic Growth - By: Aaron Schwartz
The rapid development of Japanese economy after the World War II that continued until 1990s, is often regarded as the Japanese “economic miracle”. Indeed, this country managed to change its position from the weak developing countries to second most important industrial and exporting giant after the USA. A lot of scientists even argued that Japan will soon become the world’s most powerful industry; but the lasting recession of Japanese economy which started in 1990s, now denies these doubts.