NAFTA, or the North American Free Trade Agreement, is a three-country trade pact between the United States, Mexico, and Canada. The agreement went into effect in 1994 and has been credited with increasing trade and investment among the three nations. Supporters of NAFTA argue that the agreement has been beneficial for all three countries involved. … Read more
By definition, human nature is defined as “the general psychological characteristics, feelings, and behavioral traits of humankind” (Apple Dictionary). Our society continues to grow and evolve over time, and human nature is maturing with it socially and economically. Adam Smith from the late 1700’s believed in a free market system ultimately governed by humans that … Read more
Human beings are subject to aging and other limitations that prevent them from performing the various task at different times of their life. Transhumanism is described as the philosophy of life that seeks to improve the human conditions by eliminating human limitations using science and technology. The process is guided by life-promoting principles and values. … Read more
Indigenous people, women, workers and peasants have played significant roles in politics as well as culture in Latin American nations. Some of the places affected by its people are Ecuador, and the Andean Region. Ecuador’s policies and culture was changed by its people. Ecuador was rich history in terms of revolutions. Originally Ecuador was primarily … Read more
This chapter opens up with the mysterious Phaistos disk that was found by archaeologists on the island of Crete in 1908 and its interesting technological aspects. Many inventions were made not for need but for mere curiosity and hobby. Diamond makes two main conclusions about technology is that it develops cumulatively and that most technology … Read more
According to Keynesian methodology, there are two powerful tools the government and The Bank of Canada can employ to direct the economy in a positive direction: fiscal and monetary policy. Both policies, when used correctly, can be employed to stimulate the economy during times of recession or slow down the economy during times of inflation. … Read more
This week we are reading “Counting for nothing” a feminist analysis of the women’s place in the economic world by Marilyn Waring, a woman that made history in her political career in New Zealand; she had the courage to take a stand and challenge the government over the issue of “Nuclear free New Zealand” bringing … Read more
An argument I found problematic is that of Walzer’s in his work titled “In Defense of Equality. ” He believes that redistribution undermines achievement and ability and distribution should be based on intrinsic value. As stated, “The difficulty here is that making money is only rarely a form of self-expression, and the money we make … Read more
When everyone thinks of a recession they think of the great 1930’s depression and the causes of it. However, just recently back in 2008 the United States also felt the effects of a recession that still lingers today. A recession is defined as a significant decline in activity across the economy, lasting longer than a … Read more
They say every invention starts as an idea. However, it seems that ideas result from the materials. The materials inspire an idea within the mind of someone trying to improve a situation to meet a demand. These inventors and inventions are typically thought and created by people who question theories as the world and society … Read more
In the late years of the Antebellum Era, the Second Industrial Revolution began to take root in America. By the 1870s, mass production and other efficient manufacturing methods allowed industry and big business to emerge and define an age referred to as the Gilded Age. Although the wealth of the businesses of the time cast … Read more
Travelling and transporting goods were very inconvenient before railroads were built in 19th-century. According to Stephen Slavin, “Before railroads, shipping a ton of goods 400 miles could easily quadruple the price. But by rail, the same ton of goods could be shipped in a fraction of the time and onetwentieth of the cost. “1. These … Read more
Straight A’s are hard to come by, reserved only for the social loaners who devote all of their time to reading textbooks and writing essays, right? Well, not exactly. Recent studies have shown that, over the past few decades, a trend of A-giving has manifested itself in higher education. This process is now commonly known … Read more
Trade relations between Australia and China Australia’s establishment of diplomatic relations with China was in 1972 by the Whitlam Government, together with Australia’s One China policy. China and Australia’s bilateral relationship continues to grow, as do both the countries. The relationship is built a strong trade interests and location of our two countries. The Chinese … Read more
Economic inequality is the differences found in various measures of the economy within individuals of a group, groups in a population, and among countries. (Huffington Post 1). Economic inequality is sometimes called income inequality, wealth inequality, or the wealth gap. (The Equality Trust 2). There are three main types of economic inequality. Income, is the … Read more
Imagine a world without the penny. No more happy children who think good luck will come their way when they find a penny heads up on the ground. No pennies around to make that old tin cup clink and brighten the day of some desperate homeless man. Charities, instead of thriving, would suffer due to … Read more
FOR CONSUMERS: Garretson says that consumers who are highly dependent on coupons are interested in the economic benefits associated with the promotion technique; they are more price sensitive and value conscious. They are willing to spend extra time to avail the discount. They seek benefits beyond money saving and they also enjoy their shopping experience. … Read more
Introduction Hello, and thank you for having me back to your facility to look more specifically at your short and long term planning in achieving your goals. As you know, we at KU consulting are here to assist you in every step of the process of modernizing your facility and optimize your ability to surpass … Read more
A sweatshop is a factory or workshop where the workers are employed at very low wages for long hours and under poor conditions. According to the article “Where Sweatshops are a dream,” written by Nicholas D Kristof argues that the factories could help people get out of poverty. Kristof presents the facts that support sweatshops … Read more
In the story “The Backdraft of Technology” Stephanie Alaimo and Mark Koester indicated the many disadvantages of technology in our society. Although there are many advantages to advance technology; Alaimo and Koester still warn the readers about the negative effects of technology in the present time and the future. They strictly blame corporations for bringing … Read more
In the ever-expanding world today, consumers are becoming increasingly vulnerable to the ploys of mass media advertising and pharmaceutical companies alike. Ethan Watters in “The Mega-Marketing of Depression in Japan” delves into the dangers of the globalization of a mentality for depression that seeks to transcend cultural values and traditions completely. Every culture is unique … Read more
The global economy has seen a dramatic increase in services trade between countries. The regulation and monitoring of service trade between countries has become much harder. As highlighted by Johnson, trading in services was the fastest growing constituent of global trade during the 80’s and 90’s. Cross border transactions include anything from banking to software. … Read more
SUV’s have become the center of a large controversy in the last couple of years. Many studies have been conducted on the relation to the economy and the popularity of the SUV. The sport utility vehicle not only affects the economy with its gas-guzzling capabilities during a time of war, but with the safety questions … Read more
The U. S and the world economy like everything else have its ups and downs. The government plays a crucial role in deciding how the economy will set over time. An Economist by the name of John Maynard Keynes felt that if either inflation or unemployment got out of hand, the government could adjust the … Read more
Economic growth is the most important study in economics today. The first book on economics was by Adam Smith The Wealth of Nations the full title was the Inquire Into The Nature And Sources Of The Wealth Of Nations. “Economic growth determines a countries future, and economic growth in the past determines a countries present … Read more
Greater economic openness between nations does lead towards economic growth and convergence. All of the first world countries demonstrate greater economic openness then third world countries demonstrate. Although economic openness may be a solution to gain economic growth and convergence, free trade may not be the answer. There are two different views on free trade; … Read more
Two years after the death of Mao Zedong in 1976, it became apparent to many of China’s leaders that economic reform was necessary. During his tenure as China’s premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution, which had had as their base ideologies such as serving the … Read more
This essay evaluates the development of the EMU; a system that only came into effect three years ago. Through the lack of recent literature most of the evidence are derived from articles of various sources. The essay takes into consideration that the EMU is embedded in a generally declining world economy. It illustrates why the … Read more
Milton Friedman is known worldwide for his belief in defending free-market capitalism and his faith that it can proficiently and impartially distribute wealth throughout a nation. Most of Friedmans peers are not able to put that same amount of confidence in the ability of the market as he. Friedman has suspicions of government interference in … Read more
The Economic and Monetary Union (EMU) is a single currency area within the European Union in which people, goods, services and capital move without restriction (Europa Quest (1), 2001). Imperative to the success of the EMU is the implementation of a single European currency, the Euro, and the application of specific macro-economic policies by the … Read more
The United States has been in an economic boom for the last eight years. One of the results of this economic expansion is the low unemployment rate. The unemployment rate is below five percent, and in some regional labor markets even lower than that! This figure holds steady across all labor markets (with the exception … Read more
For some, the collapse of Mexico’s economy proves that floating exchange rates and markets without capital controls are deadly. Others find the crash of the European exchange-rate mechanism (ERM) in 1993 to be proof that targeted rates will always be overturned by the free market. Many see the breakup of Bretton Woods as the failure … Read more
Economic Terms and Health Care History Introduction 2 The healthcare economics have changed so much over the years. The changed was because of the evolutionary changes that happened in the united States which cause the dramatic change in the economics medical technology. One of the main reasons that moves all things are by health care … Read more
Economic Terms and Health Care History Introduction 2 The healthcare economics have changed so much over the years. The changed was because of the evolutionary changes that happened in the united States which cause the dramatic change in the economics medical technology. One of the main reasons that moves all things are by health care … Read more
United States evolved from a simple System of home remedies and itinerant doctors with little training to a employ, scientific, Technological, and bureaucratic system often called the “medical industrial complex The history and evolution of health care economics involve economist analyzing the health care system. Over the past 60 years health care scientific advancement and … Read more
History and Evolution of Health Care Economics University of Phoenix History and Evolution of Health Care Economics Health care economics have drastically changed over the course of history in the United States. While some can contribute these changes due to the evolutionary changes the US has undergone since her inception, the major contributing factors that … Read more
United States evolved from a simple System of home remedies and itinerant doctors with little training to a employ, scientific, Technological, and bureaucratic system often called the “medical industrial complex The history and evolution of health care economics involve economist analyzing the health care system. Over the past 60 years health care scientific advancement and … Read more
Cote d’Ivoire: History, Government, Economics and Their Influence on Global and Local Issues July 11, 2008 Cote d’Ivoire Cote d’Ivoire was established as a French colony in 1893 and was a member of the Federation of French West Africa from 1904 to 1958. The people of Cote d’Ivoire were French people without rights to citizenship … Read more
The prewar economy of Japan was a Socialist economy and the country was ruled by an emperor up to WW2 and after WW2 it started to lean towards a mixed market economy until what it is today although its government is Socialist it is leaning towards a mixed market economy. The Japanese economy is a … Read more
The North America market is one of the richest in the world. Measured in terms of GDP, it is the equivalent of Western Europe. But with a somewhat smaller population, GDP per capita in North America, Canada, Mexico and the U.S., is around 12 percent higher than in Western Europe. The North American Free Trade … Read more