Tag: Economy

Environmental factors include technology, government, the economy and societal values and behavior.

INTRODUCTION According to Daft (1994), managers sense a need for change when they perceive a performance gap, that is, a disparity between existing and desired levels of performance. It seems a somewhat narrow definition in that it implies that all change is planned and positive and seems to ignore the possibility of unplanned and potentially …

The changes of Phillips curve under global economy, from two aspects of international trade and international finance to discuss Phillips curve —relationship between inflation and unemployment.

Introduction During the Great Depression which was a severe worldwide economic depression in the decade preceding World War?, western countries experienced the high unemployment rate. In 1936, Keynes who is a British economist published the famous “The general theory of employment, interest and money”. The theory was helpful for policy makers to tackle unemployment. (Mankiw,G …

The hegemonic decline of the United States and the eastward shift in the global capitalist economy

Abstract The Great Recession of 2007-8 has exposed the inherent weakness of the Western economies, whose growth had been fuelled on heavy indebtedness. This dissertation intends to broach the implications of the Great Recession of 2007-8 by applying the theoretical concepts related to the notion of hegemony in order to determine to what extent there …

The Principal Legacies of Imperialism for the Contemporary World Economy

Abstract This study explores the principal legacies of imperialism for the contemporary world economy. The findings indicate that although colonialism ended many years ago, its effects and policies still remain in the global economy and it is being aided by globalisation. The developed economies use foreign aid and multinationals to control the economies of the …

Critically evaluate the advantages and disadvantages of England being a mixed economy rather than a pure command or completely free-market.

Abstract: Different economies of the world choose one of the three economic systems: command economy, free market economy, and mixed economy to suit their needs and aims most appropriately. While each of these economic systems have their own advantages and disadvantages, most of the economies of the world are currently mixed economies. The command economy …