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The WTO and Trade Dispute, 2007.
A case study of a World Trade Organization trade dispute and its resolution.
3,573 words (approx. 14.3 pages), 5 sources, MLA, AU$ 161.95
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Abstract
The World Trade Organization is an organization that works to help its members attain and maintain fair trade practices on a global level. This paper looks at how in 1995 two of the world's most economically powerful nations came to blows over an anti-dumping issue. Japan believed the United States was at fault while the U.S. argued that Japan was wrong. It focuses on how the WTO tried to mediate the situation and how, although the U.S. and Japan made up, the WTO was left with bruises that are still healing.
Outline:
World Trade Organization (WTO)
Dispute Process
One Case
Conclusion
From the Paper
"While the organization has been set and governed for the purpose of allowing fair trade practices among its members, as well as providing a worldwide voice for issues that the WTO members feel they need to speak up about, there are times in which the members will disagree with each other about fair trade. It is during these times that the WTO steps in and mediates those disagreements. This helps countries establish agreements and settle problems without resorting to war or serious embargos that can threaten to bring on a war between two or more nations."
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9/11 and The Macroeconomy, 2007.
A review of the effect of September 11, 2001 on the economies of many differrent nations.
2,412 words (approx. 9.6 pages), 4 sources, MLA, AU$ 119.95
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Abstract
This paper discusses how the September 11 terrorist attack on the World Trade Center has impacted the world economies. According to the paper, the effect of 9/11 on the macroeconomy has been tremendous, and its full effects still have not been felt. The paper goes on to say that as countries resolve their feuds and try to put themselves back together, more economic changes will be felt.
From the Paper
"Not only have occupants of affected countries fled or tried to flee their ravaged areas, but any trade that was being done in those areas has been disrupted or destroyed. Refugees from Iraq and other affected countries have had borders closed against them and have been turned back to return to their ravaged cities. In the countryside, crops have not been grown. In the towns, production in plants has stopped as laborers have been killed, injured or have fled. Clients of businesses have been unable or afraid to trade with their suppliers, and business areas of major cities (and minor towns) have been destroyed or damaged."
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The Specialty Coffee Market, 2007.
This paper explores current and future economic dynamics in the specialty coffee market.
1,453 words (approx. 5.8 pages), 12 sources, MLA, AU$ 78.95
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Abstract
The paper discusses the economic fundamentals of the law of supply and demand as well as of perfect competition to explore current and future economic dynamics in the specialty coffee market. The paper relates that demand for specialty coffees has experienced growth for some time, but suppliers are not receiving the expected increase in price because there is excess supply. The paper discusses how suppliers are turning to fair trade market agreements to get a better price, but points out that ultimately, production will have to adjust to the market realities of perfect competition where there would be production cutbacks and/or market exits.
Outline:
Introduction
Economic Theory
Demand in the Specialty Coffee Market
Supply in the Specialty Coffee Market
Conclusion
From the Paper
"The laws of supply and demand are the most important determinant of market structures (Economics basics: demand and supply). The law of demand states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good and vice versa. The law of supply states that when the price of a good rises, holding other factors constant, producers will be willing to supply more of the product. Price, therefore, is determined by supply and demand. Economic equilibrium refers to a point where a market for a product has attained the price where the amount supplied of a certain product equals the quantity demanded."
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"Freakonomics", 2007.
A review of the book "Freakonomics" by Steven D. Levitt in corroboration with Stephen J Dubner.
1,085 words (approx. 4.3 pages), 0 sources, AU$ 60.95
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Abstract
The paper maintains that Levitt is extraordinarily intelligent and also entertaining in his application of his brand of economic theory to everyday problems. The paper explains that the main reason to read this book is to receive a very interesting and entertaining introduction to the field of economics and the scientific process, rather than a revolutionary look into new studies of economics. The paper is of the opinion that "Freakonomics" has made economics a dynamic field and popularized it among the general public.
From the Paper
"The book begins with a conceptual review of the study of economics as interpreted by Steven D. Levitt. In his first chapter, entitled "What do school teachers and sumo wrestlers have in common", he sets the thematic tone for the rest of the book. This is a book about the exploration and reinterpretation of economics and statistical analysis. Economics is a fundamental study of incentives, in basic fact, what drives individuals to act and behave the way they do. Incentives therefore occur in every field of study and every walk of life. Levitt explains that incentives are a "means of urging people to do more of a good thing or less of a bad thing" (Levitt). Thus the economic incentive to perform actions can be interpreted through several dimensions and perspectives."
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Flat Screen Technology, 2007.
This paper uses the economic fundamentals of the law of supply and demand and of perfect competition to explore current and future economic dynamics in the flat-screen television market.
1,636 words (approx. 6.5 pages), 9 sources, MLA, AU$ 86.95
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Abstract
The paper relates that flat screen television prices are rapidly decreasing and consumers are responding by buying more of the sets. The paper also discusses how although demand is up, there appears to be excess supply. The paper predicts that since the market is perfectly competitive, it is likely that a number of competitors will see prices fall below average variable costs and will exit the market. The paper shows, therefore, how excess supply will be eliminated and the market will move toward equilibrium.
Outline:
Introduction
Economic Theory
Strategic Planning and Implementation
The Flat-Screen Television Market
Long-Run Commercial Potential
Conclusion
From the Paper
"The laws of supply and demand are the most important determinant of market structures (Economics basics: demand and supply). The law of demand states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good and vice versa. The law of supply states that when the price of a good rises, holding other factors constant, producers will be willing to supply more of the product. Price, therefore, is determined by supply and demand. Economic equilibrium refers to an equilibrium in a market where a market for a product has attained the price where the amount supplied of a certain product equals the quantity demanded."
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The U.S. Trade Embargo with Cuba, 2007.
This paper discusses the present U.S. trade embargo with Cuba and its economic implications.
1,551 words (approx. 6.2 pages), 6 sources, MLA, AU$ 81.95
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Abstract
The paper looks at the history of U.S.-Cuba relations. The paper examines the reasons behind the United States' trade embargo with Cuba and explores the economic impact of lifting this embargo. The paper discusses the economic benefits and opportunities for commercial enterprises that would arise from lifting the embargo, but also notes potential threats to American businesses. The paper discusses how Fidel Castro's ailing health of recent months has led to speculations concerning the future of Cuba and renewed debates concerning the U.S. trade embargo against this tiny island.
Outline:
Introduction
The Cuba Democracy Act
Impact of Lifting U.S. Embargo
Opportunities for Commercial Enterprise
Potential Threats to American Businesses
Reasons for U.S. Embargo
Total Impact on the U.S. Economy
Navajo Nation Signed Trading Deal with Cuba
Impact of Fidel Castro's Illness
From the Paper
"Fidel Castro has ruled Cuba through ten U.S. presidents. He took power in 1959, at the height of the Cold War, while Dwight D. Eisenhower was still in office. Although initially, he declared he was not a Communist, by the fall of 1960, thousands of Cubans were fleeing their homeland, for the reality was that Castro was establishing a Communist dictatorship (Montagne). Three months after taking office, John F. Kennedy authorized a covert invasion aimed at overthrowing Castro regime. However, it failed and was condemned by governments worldwide. This invasion basically gave Castro an excuse to allow Soviet Premier Nikita Khrushchev to place nuclear missiles in Cuba, aimed at the United States (Montagne)."
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Economy of Zimbabwe, 2007.
This paper discusses economic problems facing the country of Zimbabwe.
1,308 words (approx. 5.2 pages), 4 sources, APA, AU$ 72.95
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Abstract
In this article, the writer notes that given its wide range of resources, it looks as if Zimbabwe should be able to support sustained economic growth, for it has a significant percentage of the world's known reserves of metallurgical-grade chromite, as well as mineral deposits that include coal, asbestos, copper, nickel, gold, platinum, and iron ore. Yet, the writer points out that this once prosperous nation now has an inflation that exceeds 1,000 percent, the majority of the population are unemployed and millions are starving, all of which makes Zimbabwe one of the world's more troubled countries. The writer concludes that with rich mineral assets, an educated workforce, and beautiful natural wonders, Zimbabwe seemed to have the best chance to be an African success story, however the land reform policies have devastated the country.
From the Paper
"Inflation is now so high that low-wage workers cannot afford to feed their families. For example, a unionized farm worker earns a minimum wage of $1.3 million Zimbabwean, or about $6 U.S. a month, which will buy a half a chicken and fries at a fast-food restaurant in Harare. Makumbe predicts that the population is being squeezed so dramatically by the collapse of the economy that there will soon be popular uprising against Mugabe. Most political analysts caution that even if Mugabe left power immediately, the recovery of Zimbabwe is going to be a long and difficult process because the very foundation of the economy has been destroyed. Moreover, it is now unclear who owns the farmland, which used to be Zimbabwe's most productive asset. This, together with the fact that the government has been frantically borrowing and printing money to pay its debts, a leading horary economist has noted that Zimbabwe's eventual reconstruction could take decades."
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Thomas Friedman's "The Lexus and the Olive Tree", 2007.
This paper is an extensive review of Thomas Friedman's academically acclaimed book "The Lexus and the Olive Tree: Understanding Globalization".
3,295 words (approx. 13.2 pages), 3 sources, MLA, AU$ 153.95
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Abstract
This paper explains that the main focus of Thomas Friedman's 1999 book "The Lexus and the Olive Tree" is the idea that, because globalization is an irreversible process, the only thing left for humanity to do is to make sure that its benefits are exploited to the maximum and its shortcomings are balanced to minimize their impact. The author points out that Friedman believes that the process of globalization has been influenced by many different factors and in its turn has given rise to new theoretical and practical concepts, which will contribute to its further evolution. The paper stresses that the tendency of poor countries to reject the values promoted by the globalization process, which pressures foreign policy, is a mechanism for challenging the peaceful evolution of a global economy.
From the Paper
"The term "new world order" represents the political expression of the changes that occurred after 1989-1991. George Bush used it to point out the reorientation of the political perspective towards a new system based on cooperation at all levels, thus erasing the entrenched definitions of "blocks", "nonaligned states" or "bipolar" international system. While this term defined the modifications that were taking place at the political level, the notion of "globalization" pointed out the new economic perspectives. Although, as Friedman argues, there was relatively nothing new about ..."
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"Elective Economies", 2007.
A critical analysis of the article "Elective Economies" by James Surowiecki.
1,485 words (approx. 5.9 pages), 12 sources, MLA, AU$ 80.95
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Abstract
The paper critically examines James Surowiecki's article "Elective Economies," which discusses how the U.S. stock market reacts to elections and political power shifts. The paper discusses Surowiecki's explanations why the stock market does not necessarily boom when stereotypically big-business Republicans take power, nor nosedive when stereotypically anti-business Democrats win influence. The paper looks at Surowiecki's final conclusion that the economy, on a macro level, will be affected little by the Democrats taking power in Congress.
From the Paper
"While trying to discern whether Wall Street would prefer Republicans or Democrats in power, Surowiecki never quite arrives at a fairly obvious conclusion: Wall Street prefers neither. Arguably, the markets are not smitten with either political party but, instead, prefer checks on the influence of either party's ideology. To a certain extent, the market likes gridlock because investors know that both sides have lost the ability to do anything radical that could significantly hurt business (Twin, 2006). Although some political pundits had speculated that the market would experience a sharp decline after the Democrats took over Congress in Nov. 2006, it never happened because investors instead saw a gridlock situation being created that could usher in some stability (Twin, 2006)."
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The U.S. Economy and its Effect on Global Markets, 2007.
This paper discusses the U.S. economy and looks and its impact on the global market.
1,407 words (approx. 5.6 pages), 7 sources, MLA, AU$ 75.95
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Abstract
In this essay, the writer points out that the United States economy has once again emerged as a growing economy, dramatically and irreversibly impacting the global market. The writer notes that the impacts to the global market lie in the areas of employment, globalization, agriculture, intellectual property, the War on Terror, and the overall U.S. trade deficit. The writer maintains that some of these impacts have been positive for the global market, such as outsourcing and inflated gasoline imports. However, the majority of the impacts caused by the U.S. economy have had devastating effects for third world countries in the areas of technological developments and intellectual property protections. This paper addresses the impacts that the U.S. economy has had on other markets in the world, and concludes with a brief summary of the issues.
From the Paper
"In the area of technological innovation, the United States is also impacting the global market. In the agricultural industry, one quarter of the U.S. economy previously revolved around it; currently, agriculture comprises less than one percent as a result of efficiencies and breakthroughs in technology. Globalization has sparked a revolution in information and communication technology, resulting in the emergence of an Information Age that boasts the arrival of new levels of global interconnectedness. However, this global inter-connectedness has widened the gap between the information-rich and the information-deprived. The technological innovations made by the U.S. has forced individual countries to improve their efficiency or at least reduce the government's role in the economy. Thus, it can be argued that globalization has made the world more interdependent and has increased the damage that internal problems within individual countries can cause."
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Supply Chain Management Logistics, 2007.
This paper provides an analysis of outsourcing in China today.
4,015 words (approx. 16.1 pages), 16 sources, MLA, AU$ 175.95
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Abstract
In this article, the writer identifies how supply chain managers in China are adopting Western outsourcing practices in a wholesale fashion or modifying them to fit their unique needs. This study provides an overview of outsourcing and some of its common applications, followed by an assessment of outsourcing practices in China today. An analysis of current and future trends is then presented and followed by a summary of the research and salient findings in the conclusion. The writer concludes that it is likely that history will show that Western companies seeking strategic alliances with Chinese companies today will reap enormous benefits in the future as the Chinese people continue to demonstrate that they know how to make money and are willing to spend it on Western goods when they are available and are shown to be of superior quality.
Outline:
Introduction
Review and Discussion
Background and Overview
Outsourcing Activities in China Today
Current and Future Trends
Conclusion
From the Paper
"China has transformed itself in recent years from a dormant, introspective giant into a dynamic juggernaut that has major potential significance to the global economy. Indeed, China's economic performance and exports have increased dramatically during the past decade, and experts predict that these trends will continue well into the future. With an estimated 20 percent of the world's population, China now represents almost 4 percent of world merchandise trade and a substantial percentage of global production as well. A concomitant of these trends has been an increasing reliance on outsourcing as a strategic business structure in many Chinese companies today, but there are some distinct constraints to the process that have been identified in the scholarly literature in recent years."
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The War in Iraq, 2007.
This paper examines the dollar cost of the war in Iraq.
955 words (approx. 3.8 pages), 8 sources, MLA, AU$ 54.95
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Abstract
This paper reports that the National Priorities Project (NPP) estimates that, as of March 2007, based on congressional appropriations, the cost of the war in Iraq is over 410 billion dollars. The author points out that there has been a waste of billions on "reconstruction" because of a lack of strategy and unclear lines of authority between the Defense and State Departments, which has led to confusion and disarray. The paper reports that Nobel Prize winner Joseph E. Stiglitz indicates that the total costs of the Iraq war could top the $2 trillion mark assuming that the troops will remain in Iraq until 2010 and including the health care costs of injured returning soldiers.
From the Paper
"The NPP indicates that with the money spent so far on the war in Iraq, the United States could have paid for 54,369,196 children to attend Head Start for one years. With those $410 billion, Americans could have built 3,696,054 affordable housing units. With that money the U.S. could have hired 7,113,800 teachers to work in public schools for one year. And the NPP data shows that the money spend so far on the Iraq war could have provided major medical health coverage for 245,801,075 children for a year."
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Healthcare Costs, 2007.
This paper argues that the U.S. health care system, especially in its life saving allopathic rather than preventative form, creates a cost conflict for consumers.
2,615 words (approx. 10.5 pages), 14 sources, MLA, AU$ 127.95
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Abstract
This paper explains that an extremely aggressive medical care system has created a cost prohibitive demand for heroic measures rather than a system that takes the whole of the community into account and allows the consumer preventative care and reasonable end-of-life care. The author stresses that the middle class is most significantly feeling the strangling effects of this out-of-control medical system and ethic. The paper concludes that the bottom line of this multivariate situation is that there seems to be very little real accountability. The paper includes many quotations.
From the Paper
"For example, in a logical capitalistic situation, the price to utilize a particular piece of equipment should go down as demand goes up to offset the initial cost of producing and or acquiring the product. Yet, the costs seem to continue to rise regardless of how many other people have been charged $2,000 to use the equipment costing about 50 cents per minute to run the equipment for a test period of no longer than 30 minutes in most cases, or how long the equipment has been used. Though this is a far simplified analogy, sustainability should still be at the forefront of thought on the issue of equipment and supplies."
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The Mundell-Fleming Model, 2007.
This paper explores the limitations of the Mundell-Fleming economic model.
1,029 words (approx. 4.1 pages), 4 sources, MLA, AU$ 59.95
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Abstract
The paper relates that in an increasingly globalized marketplace, understanding the forces at play has become more challenging than ever before. The paper examines the Mundell-Fleming model that provides analysts with a framework in which the impact of the behavior of international markets on national economies can be investigated. The paper identifies some of the limitations of the Mundell-Fleming model through a review of the peer-reviewed and scholarly literature.
Outline:
Introduction
Review and Discussion
Conclusion
From the Paper
"In an increasingly globalized marketplace, understanding the forces at play has become more challenging that ever before. Fortunately, economists have some useful tools at their disposal to help them make sense of things, with one of these being the Mundell-Fleming model. All of the models share in common the fact that they are better suited for some purposes than others, and the Mundell-Fleming model is no exception."
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Economic Miracle: Japan, 2007.
This paper discusses Japan as an enduring economic miracle in the world.
2,546 words (approx. 10.2 pages), 4 sources, MLA, AU$ 125.95
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Abstract
In this article, the writer looks at the revival of the Japanese economy following World War II. The writer discusses how, after Japan's surrender in WWII, it was faced with a shattered economy, but has since managed to become the second largest market economy in the world. The writer notes that this was achieved by a set of developments, which included high rates of personal savings and private-sector facilities investment, a labor force with a strong work ethic, a sufficient supply of cheap oil, innovative technology, and effective government intervention in private-sector industries.
From the Paper
"The factors that made Japan an enduring economic miracle were categorized into its government, a protected economy and external assistance. During the Meiji era, the centralized government moved into the fiscal and military side. It first improved the railways and the postal services, which, in turn, helped the shipping industry. It likewise boosted the development of rural industries. Then the Meiji government established model industries, such as textile and glass, which stimulated the industrialization process. The Liberal Democratic Party stirred private businesses until the government made it a national priority to raise the national economy. The Ministry for International Trade and Industry or MITI was a government association, which fixed production targets, future economic plans and handled all of Japan's economic problems."
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The U.S. Current Accounts Deficit, 2007.
A review of the causes of the U.S. current accounts deficit and a possible solution to the deficit.
1,060 words (approx. 4.2 pages), 7 sources, MLA, AU$ 60.95
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Abstract
This paper reviews and discusses the problem and causes of the U.S. current accounts deficit. According to the paper, the U.S. current account tracks the trade balance, income payments and unilateral transfers. The paper reports that the current account deficit now accounts for about seven percent of the GDP. The paper concludes with possible solutions to the problem.
Outline:
Background
The Causes of the U.S. Current Account Deficit
Risks of the U.S. Current Account Deficit
Possible Solutions for the U.S. Current Account Deficit
From the Paper
"Since 2000, however, the increase in the current account deficit has reflected mostly a decline in public sector saving because of the growing fiscal deficit and even more decline in an already low household savings rate (Rajan, 2005). Beginning in 2001, there has been larger public dis-savings in the U.S. with growing fiscal deficits caused by a weak economy, lower taxes and increased government spending, especially on the Iraq war (The United States current account deficit and world markets). And, personal savings rates in the U.S. have trended down strongly since 1991 and reached an average of only one percent in 2000 (The United States current account deficit and world markets). Personal saving rate in the U.S. are now substantially lower than the rest of the world. For example, they are 13 percent in Japan, 12 percent in Germany, and 15 percent in France. "
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