The advent of globalization has allowed institutions to come under one roof and seamlessly interact with each other and conduct international trade. It has suppressed international trade barriers, thereby facilitating cross-border business expansion. This essay intends to argue whether globalization has reduced the power of governments to regulate the business or not. Based on the critical discussion of the essay, it has been found that globalization has adversely impacted the governing power of the government and it has also created a significant level of inequality in the society.
In economics transaction cost is the expense that is incurred during the purchase or selling of a product or service. It mostly involves the cost of communication, brokerage, taxes, etc. This assignment deals with the role of transaction cost in reaching to the efficient outcome. The analysis has been conducted from the perspective of a firm. Different approaches followed by the firms to negotiate the transaction cost has been discussed in the paper.
This study is focused on the UK-based retail company, Vera, which is a fashion and homeware retailer that has decided to go with FDI. The company is considering investing in the Indian retail market and setting its distribution network as a value perspective. The retail industry of India is large and significantly contributes to economic growth; it is expected that the retail market will develop even further in the near future. Vera should consider various legal norms, such as corporate tax and trade policies, and risks, such as competitors and market structure, to ensure positive investment results.
The main problem that the firms face is that of the scarcity of the resources that would in turn affect the production of goods and services. The production on the other hand affects the consumption decisions and rise in consumption of a particular product reduces the consumption of another product. The purpose of this paper is to examine the relationship between opportunity cost and production possibility frontier. The study will offer an opportunity to understand the concept of ‘production possibility frontier’ and carry out a market analysis.
The housing market plays a crucial role in the growth and development of the metropolitan cities all over the world. Development of a city starts with the process of urbanization, the migration of the people from rural to urban and building of new houses. The paper intends to discuss on the microeconomic theories related to rent control. The overall market structure for the housing industry has been analyzed in the paper. In addition, the paper has also critically evaluated the impacts of the policies adapted for the purpose of controlling rents.
The concept of international trade implies that there is exchange of goods and services as well as technology between the countries which in turn contributes to the welfare of the economy. This paper intends to highlight on the significance of international trade for a particular economy. Different trade theories have been included in the paper. Based on the critical discussion, the most relevant trade theory from the perspective of US have been identified in the paper.
This paper intends to discuss on the impact of fall in the crude oil prices on its demand from the perspective of petroleum exporting nations. The reasons responsible for the fall of oil prices have also been highlighted in the paper. Based on the discussion, it has been found that GDP of the concerning countries has significantly been affected due to the fall in crude oil prices.
This paper intends to discuss the trade-off between inflation and unemployment with the help of Phillips curve. The trade-off has been discussed from the perspective of both short-run and long run. Furthermore, the paper has focused on the differences between adaptive expectation and rational expectation. Significance of credibility in the economic policy has also been described in this paper.
The report intends to focus on the financial situation in Slovenia after the global financial crisis. In addition, detailed information regarding the Slovenian Austerity Program has been revealed in the paper. Equilibrium using different economic models have been discussed in the paper. Moreover, the paper has also identified the impact of multiplier in terms of the fiscal measures of the country.
The WTO plays a crucial role in the economic development of the nations. This paper seeks to highlight how WTO, as an intergovernmental organization have been able to influence international trade and foster economic development among the member nations. It has been found that the nations under the oversight of the WTO enjoy open market economy, access to the global market system and ease of doing business with other member nations.
This paper intends to discuss the merits and demerits associated with the Foreign Direct Investment (FDI) in Germany. The trends related to the FDI in Germany has been described in the paper. In addition, the paper has also highlighted on the risks related to the FDI in Germany. Based on the analysis, some recommendations have also been provided to improve the FDI in Germany. It has been suggested that the government has to keep a check over the FDI activities being conducted by the companies.
In the recent years, USA has been experiencing lower but continuous growth rate and features lower interest rate, inflation and unemployment in the economy. This report analyses the economic performance of USA and Australia, two developed nations of the world from the study of the data of major microeconomic indicators of these countries. The impact of the indictors like inflation, unemployment rate and interest rate on growth rate of GDP has been evaluated on the later part through correlation analysis. The correlation analysis of the indicators of Australia and USA shows whether both the countries are having similar trends of growth or not.
This report examines the macroeconomic aspects and policy issues faced by Israel and provide a relative framework and recommendations on how to support development in the country through successful integration of business organization and public interventions. The report also highlights the economic outlook and forecasts of Israel through the analysis of relevant economic parameters provided by OECD.
This paper reflects on the major causes responsible for recession and its impact on US economy. The fiscal and monetary policy adapted by the US government. The policies adapted by US government to cope up with the macroeconomic challenges have been discussed in the paper. Lastly, some of the recommendations have also been provided to counter the problems of recession.
