The theories of free trade and fair trade are very complex. It is essential to begin at the basics in order to comprehend these economic foundations. Investorwords.com states that free trade is “international business not restrained by...
The present demonetization has failed to achieve its main objective of crack down on black money. More than 98% of the Banned Currency got deposited in the Banks, and the black money has become white.
Pros and Cons of Capitalism defines capitalism; the theory of capitalism; positive effects of capitalism; creative destruction; Private Property; Capitalism vs Socialism; Democracy; Free Enterprise.
I wrote this originally as a class paper in early 2008 to explore whether or not and how much globalization has affected the unions and whether or not this has had an impact upon our standard of living. I let the paper stand on it's own merits...
China's economic relationship with Africa is coming under increased scrutiny, as some now view it as predatory in nature, rather than working to boost economic growth in the region. This article looks at both sides of the issue.
Acknowledging the time value of money empowers people to make better financial decisions and become better savers and investors.
Stagnant wages, high and rising cost of living, and a culture that encourages spending as a way of driving the economy.
Protectionism is the practice of limiting outside competition through applying tariffs, quotas, and subsidies. It is normally done to guard domestic industries and jobs. Here are the pros and cons.
There are many who believe that the U.S economy may be losing its edge over foreign economies because of regulations like Sarbanes-Oxley and Dodd–Frank Wall Street Reformed Consumer Protection Act.
Since the Great Recession, debt levels have been approaching dangerous levels. This in turn has had adverse effects on the global economy and the psychological well-being of debtors.
Neo-liberalism was the brainchild of Milton Friedman and Ludwig von Mises. They convinced Thatcher and Reagan that a free market without regulation and low taxes would result in wealth for all.
Gain insight into the efficacy of post-communist economic and political reforms and better understand Vladimir Putin's hold on power.
A description of left-skewed and right-skewed economies as well as an argument for the values of a free market society.
With the politicization of absolutely everything in life, we have forgotten that civil discourse and ethics of leadership really do set the tone for all of society.
Paul Mason, C4 news anchor has written a new book on the future economic organization of our society. He argues we are reaching 'Post-Capitalism'. But is he right? I'll weigh up both sides to see.
This article uses Nike as a case study of globalisation and looks at the social and economic impacts of industrial development by TNCs.
Youths are the backbone of every society. Any country that wants to succeed in all ramifications must make sure that attentions are paid on them. Youths face unemployment and there are solutions.
Has Cuban socialism benefited its people? This summarizes the pros and cons of socialism in Cuba and asks what the Cuban revolution has achieved.
Many of the tribulations in this world can be traced back to the basic problem of scarcity. In economics, scarcity is a fundamental problem that controls market conditions. Scarcity is also a key driver of technological advancement, specialization, and wars over resources.
Economic growth, a very boring economic term, is actually very important to our future as a nation. Aside from the current world recession, other countries are far surpassing the United States’ economic...
Beyond political scandals and shocking headlines, the ways in which your tax dollars are being spent are disturbing.
West African fisheries face grave challenges. This paper proposes how to resolve them or at least mitigate their difficulties.
A thoughtful exploration of the difference between ancient Egypt's paradigm of cyclic stability and our current paradigm of continuous growth. How can we learn from Egypt's example while avoiding stagnation?
This Hub is a different and detailed look at at several reasons why the US Economy is still bad even in 2016. The mainstream media is lying to us about the real extent of the situation.
I think changes need to be made to the CEO compensation schemes in America. After reading about how tens of millions of Americans are earning less than $10.10 an hour while CEO’s are having
Gross Domestic Product or GDP is an intricate calculation of many figures. GDP is mostly used to understand a country's economic power and development, but also to compare nations.
A summary of the next Industrial Revolution - Industry 4.0 - and the expected social and economic changes this will undoubtedly lead to. We are currently near the end of the 3rd revolution and I think we will be moving almost immediately into the 4th Industrial Revolution.
Capitalism's excesses are becoming too much for the world to bear. Three seminal events in the last eight years have highlighted this fact. The 2008 crash, Occupy in 2012 and Bernie Sanders' rise. Those are not three separate events, but a cascading evolution to something new, more sustainable.
We all know what European leaders have told us in the news, but what is the truth behind this disappearance?
Conservatives base their whole economic philosophy, & therefore policy, on false assumptions about how taxes impact the economy & human behavior. It isn't an academic concern & it impacts our lives.
Presidential elections can bring big changes. But what effect, if any, does a presidential election have on the price of gold?
Just the term "balanced budget" makes me yawn. But this is so very important for the health of our economy that I felt compelled to explain why a balanced budget is so crucial.
The evidence of this study suggests that financial crisis was not avoidable. However, some issues must be taken into account depending on firms or banks that they choose in order to avoid a financial crisis.
There are many problems with globalization that need to be addressed including, exploitation, loss of domestic jobs, and the deterioration of ancient cultures. There are ways countries can live with
This article will attempt to explain the general workings of America's fiat economy, concentrating on the monetary accounting. These explanations follow the principles of Modern Monetary Theory.
NAFTA has had a controversial impact on the countries involved. This article explores the effects of the agreement on the United States, Mexico and Canada.
Pennies are relics of an age when American coins were worth more. Now they are just bothersome novelties that have no real use and no longer should be made. Learn why in this article.
Economic Growth, meaning GDP growth, is dependent on only two factors over the long-term: Population Growth and Productivity Growth. Both were low during the last ten years and so was GDP.
The cornerstone of our monetary is based on fractional banking. This, along with the Federal Reserve (I will discuss the Federal Reserve in another article) play an important role in the value of our money, the dollar. It also has a significant...
OLA cabs was born in India in 2010, Uber was incubated in the US in 2009 but made its Indian entry in 2013, and the rest is a cab-aggregating history.
This article deals with quantitative restrictions and measures equivalent to quantitative restrictions (MEQR) in the European Union's concept of Free Movement of Goods.
China’s spectacular economic growth created a get-rich-quick mentality that has been easily exploited con artists.
In 2008 and 2009, the Iceland economy suffered collapse brought on by a lapse in overseeing mortgages and failing banks. Icelandic banks offered CD rates to English customers that were very inviting.
This essay deals with the impact of the current funding legislation in the democracy of South Africa.
The rich should pay more in taxes than the middle class or poor. A moral argument for why tax rates should increase as income increases.
The United States Federal governement loves to spend money resulting in a large debt. Is this large national debt significant or should we worry?
America needs employment. We need employment in order to pay taxes. The American automobile industry is in disarray but how can we the consumer help if we drive a foreign car? Must we buy an American car or can we make an impact by changing our gasoline station? Who is American? Who is paying American taxes? What you need to know may provide a job for your family members, your neighbors or even yourself. Read on - what you must know...
Raising the minimum wage to $15 isn't the solution for low-income workers since they’ll need to generate more than $15 to stay employed. Read why.
This will be a review of China's meteoric economic rise, and how it came at the expense of America. China has not only surpassed America, but it has perhaps crippled America's ability to recover.
The growing decline of the job market in West Virginia. Poverty is on the rise with many at a loss for what the future holds.
This article uses the principles of Modern Monetary Theory to explain the fate of dollars when the federal budget is in surplus. I touch upon economic contraction, removal of dollars from the economy, what would happen if America tried to pay down the national debt by buying back bonds, and what would happen if America tried to pay down the national debt by running persistent surpluses.