Global Economy
Key Player & Background
As the spokesperson for an interest group representing an economic think tank, I am issuing this policy statement to detail the implications for the U.S. economy of a sovereign default in the Eurozone. As eich notes, the financial crisis in Europe is threatening to spread to the United States. If there is a default in Greece, a panic could start in financial markets, spreading to other Eurozone peripheral debt. Such a scenario would endanger European banks, particularly those of France and Germany. While American banks have limited exposure to Greek debt, or indeed to the debt of other peripheral European countries, they are exposed heavily to French and German banks. Thus, American banks have substantial indirect exposure to the European crisis.
Key players in the United States government need qualified economic advice to help them guide their decision-making processes. Strong, sustainable economic growth requires governance that encourages…...
mlaReferences
Avi, B. (2011). Fighting fire with paper -- Foolish U.S. policy on China. Early Bird. 28 July 2011.
Bachman, G. (2011). Think again: American decline. Foreign Policy. January/February 2011.
Carney, J. (2011). The Greek dominoes: What happens if Greece defaults? CNBC. Retrieved October 29, 2013 from http://www.cnbc.com/id/43425042
Davies, H. (2013). JP Morgan's troubles reignite the debate on banks too big to fail. The Guardian. Retrieved October 29, 2013 from http://www.theguardian.com/business/economics-blog/2013/oct/21/jp-morgan-troubles-bank-too-big-fail
But merely ensuring access to pharmaceuticals for a particular disease is not enough. Access to appropriate preventative healthcare is essential, so, for example, individuals do not merely use antibiotic drugs for a short while, and then discontinue them because they are feeling better. Clinics can also provide birth control, given vaccinations and teach community residents how to practice more sanitary methods of food preparation to stem the spread of other infectious aliments. To improve access to preventative care will require major funding and a major international effort. However, everyone will benefit if these initiatives are taken -- a more economically and politically stable Africa will help the entire world's geopolitical stability, and will ensure that a more costly effort of military as opposed to humanitarian aid will not be necessary in the future. To stabilize Europe after World War II, America instituted the Marshall Plan, with the argument that a…...
The third sets of factors that are driving international trade growth are the cultural ones that are the most criticized and discussed in the context of globalization. These factors include the rapid spread of westernized cultural values and purchasing habits vs. those that are native to a given region of the world. For example, the rapid rise in western culture within India and Muslim-led countries are a case in point. The cultural backlash of globalization continues to be significant and throughout the next twenty years, the successful integration of western-based companies into these 3rd world nations will be a key criteria in global economic growth. Just as the initial economic agreement set the foundation for economic growth, the reliance on culture frameworks including the Hofstede Five Cultural Dimensions Model will be essential for the successful integration of westernized companies into foreign markets where cultural norms, values and beliefs must be…...
mlaReferences
Gowa, J.. "Alliances, market power, and postwar trade: explaining the GATT/WTO" World Trade Review 9.3 (2010): 487-504.
Kim, M.. "Does the WTO promote trade? Further evidence. " The Journal of International Trade & Economic Development 19.3 (2010): 421.
Lee, J.. "Trade Integration and Business Cycle Comovement: Evidence from the U.S. " The International Trade Journal 24.4 (2010): 361.
Global Economy / Factors Affecting Global Economy
ight now the global economic outlook is relatively positive. According to figures projected by International Monetary Fund (IMF) the world GDP continues to decline, and even the modest growth figures previously projected have been minimized (IMF, 2012). In 2011, the global economy was expected to expand at a rate of 4% over the following year, but based on certain global and local factors those numbers have been reevaluated. The current guess is that year-end numbers will show only a 3 1/4% growth rate (IMF, 2012). This is due to the many obligations and economic tragedies that face the European Union, and the fact that emerging countries such as China and India are far below growth expectations. For one, this means that companies wishing to expand internationally have to realize the problems that they may encounter because of the decrease in individual wealth relative…...
mlaReferences
Barrett, R. (2011, April 30). Harley-Davidson is changing to adapt here and globally. Retrieved from http://www.jsonline.com/business/121029763.html
Fraser, C. (2012, September 11). Harley-Davidson: Born to rise. Retrieved from http://www.investingdaily.com/15643/harley-davidson-born-to-rise
Harley-Davidson. (2012). Company. Retrieved from davidson.com/en_US/Content/Pages/Company/company.html?locale=en_US&b mLocale=en_UShttp://www.harley-
International Monetary Fund (IMF). (2012). Global recovery stalls, downside risks intensify. World Economic Outlook. Retrieved from http://www.imf.org/external/pubs/ft/weo/2012/update/01/pdf/0112.pdf
global economy relate to food security and food bank use in Canada. There has been some exploration in the academic literature of the links between the changes in the global economy and food security. There have also been a couple of attempts to examine the linkages between the global issue of food security and the individual issue of food bank usage. This paper will examine this literature to examine whether or not there are linkages between the two.
There are a number of potential approaches that can be used to examine an issue such as this. Food security is a macro-level issue normally addressed on a societal or governmental level. As a net food exporter, Canada has no inherent food security issues. However, the urban environment does not produce much food, if any, and therefore the question of food security can be applied to cities. Cities inherently exist by producing…...
mlaWorks Cited:
Bickell, G., Nord, M., Price, C., Hamilton, W. & Cook, J. (2000). Guide to measuring household food security. USDA. Retrieved March 10, 2013 from http://www.fns.usda.gov/FSEC/FILES/FSGuide.pdf
Cordell, D., Drangert, J. & White, S. (2009). The story of phosphorous: Global food security and food for thought. Global Environmental Change. Retrieved March 10, 2013 from http://startinternational.org/library/archive/files/dcordell_etal_storyof-p_gec_4a1e09bb0e.pdf
Godfray, H., Beddington, J., Crute, I., Haddad, L., Lawrence, D., Muir, J., Pretty, J., Robinson, S., Thomas, S. & Toulmin, C. (2010). Food security: The challenge of feeding 9 billion people. Science. Vol. 327 (12) 812-818.
Paez A, Mercado R. G, Farber S, et al. (2010). Relative accessibility deprivation indicators for urban settings: Definitions and application to food deserts in Montreal. Urban Studies, 47(7), 1425 -- 1432
The global economic condition needs to be a call to becoming competitive with aggressive intelligence, not a reason to give up. If anything, the more challenging the economic condition, the greater specialized knowledge and intelligence become to anyone attaining their career objectives. In good economic times the flexibility fo the job market is so elastic and agile it is relatively easy for anyone to get a job and launch a career. In the continual challenging economic times, it's the candidate who has the greatest depth, expertise, insight, intelligence and knowledge along with proven experience that gets the best career positions.
Knowledge And Trust Are The New Currencies
Watching the traffic on social networks, the social monitoring services that seek to create econometric models based on consumer preferences including those from The Economist, Edelman, The World Bank, and others all underscore a troubling fact. Mistrust and skepticism of organizations' motives is at…...
mlaReferences
Dees, S., and A. Saint-guilhem. "The role of the United States in the global economy and its evolution over time. " Empirical Economics 41.3 (2011): 573.
Ho, S., R. Kauffman, and T. Liang. "Internet-based selling technology and e-commerce growth: a hybrid growth theory approach with cross-model inference. " Information Technology and Management 12.4 (2011): 409.
Quiggin, J.. "What Have We Learned from the Global Financial Crisis? " The Australian Economic Review 44.4 (2011): 355.
Eddy Ramirez. "All Eyes on the Competition: A new film says Chinese and Indian students have an edge. " U.S. News & World Report 25 Feb. 2008:
Second, corporations can also structure promotions that are more effective that also align with my interests. An example of this is the use of business intelligence on the part of iTunes to deliver only the new releases I am interested in, and the selective use of e-mail blasts on only the new cars I am interested in. A third advantage is the fact that when I walk into a hotel to register they know what my room preferences are, if I like my room next to the elevator or not, on a high floor or not, and what my satisfaction level was during my last stay. All of these factors lead to greater convenience and a better customer experience as well. The three problems include the lack of privacy when so much data is known about my preferences and my purchasing habits (Qiu, Li, Wu, 103, 104). The second…...
Since global warming is now a widely accepted scientific theory, many countries realize the need for a remedy to this problem. Global warming is unique, because it potentially affects all nations and all peoples, and in turn, all economies and political structures (Paterson, 1996). There exists an intense need to solve the problems associated with global warming, or, at least begin to mitigate the results of global warming in order for the global community to continue to function smoothly and relatively peacefully.
The problems associated with global warming were brought on by nearly every industrialized nation in the world. Therefore, every nation has a stake in the solution. hether or not these solutions are mutually beneficial is of great concern, since they affect everyone. Therefore, countries have begun to develop policies regarding the way they intend to handle this problem, and the changes they will make accordingly. Some countries have…...
mlaWorks Cited
Cohen, Benjamin J. (2008) International Political Economy: An Intellectual History. Princeton, NJ: Princeton University Press.
Grieco, Jospeh M. And Ikenberry, John G. (2002) State Power and World Markets: The International Political Economy. New York, NY: W.W. Norton and Company.
Paterson, Matthew. (1996). Global Warming and Global Politics. New York, NY: Routledge.
Pierson, David and Tankersley, Jim. (2009). "China's climate pledge raises expectations for Copenhagen summit." LA Times, Nov. 27, 2009. Retrieved: December 9, 2009, http://www.latimes.com/news/nation-and-world/la-fg-china-climate28-2009nov28,0,7373512.story .
The different generational expectations among workers means that employers will have to tailor their compensation packages much more individually than in the past.
Implemented properly, the situation might present some opportunities both to employees and to employers. One way would be to let employees to choose what benefits they want. If their priority is health-care, then they might choose a benefits package that gives more coverage, if their priority is quick financial gain, then they might opt for bonuses or simply more pay. This allows the company to scale back on the total amount it spends on benefits, while allowing employees to keep whatever benefits they find most important for their situation (Reese et al., 135). Creating the systems to manage benefits and allow employees to choose among several options has already been shown to be both cost effective and easy to implement (Sturman and Milkovich, 110). Of course this…...
mlaWorks Cited
Bennett, James T., and Bruce E. Kaufman. What do unions do? Transaction Publishers, 2007. Print.
Freeman, Richard B. "Labor Market Institutions Around the World." SSRN eLibrary (2007): n. pag. SSRN. Web. 8 Apr 2010.
Reese, M., L. Rowlings, and T. Sharpley. "Employee benefits of the future." Employee Benefit Plan Review 61.7 (2007): 21. Print.
Sturman, Michael C., and George T. Milkovich. "Validating Expert Systems: A Demonstration Using Personal Choice Expert, a Flexible Employee Benefit System*." Decision Sciences 26.1 (1995): 105-118. Wiley InterScience. Web.
trade relationship that exists between the world's two largest economies has faced trouble and frustration in the past decade. Japan and the United States have had a strong relationship since they became economic powers in the post world war II period. However, the past decade has not been friendly or cordial become the two economic powers because of a severely lopsided trade deficit. The growing power of Japanese manufacturing has helped push the trade deficit for the United States beyond tolerable levels, and no where else is this more apparent than in the automobile industry.
The current position for the Japanese-merican automobile conflict has been lopsided to say the least. The global automotive industry is on the verge of a transcendent transition. The Japanese automobile leader, Toyota, has gained massive new clients and fans with their vastly superior and economically more viable hybrid technology. s a result, it has become…...
mlaAbout JAMA. July 2006. 20 Nov. 2006 http://jama.org/about/industry13.htm
U.S. - Japan Trade Relations - Myth And Reality. July 2006. 20 Nov. 2006 http://www.jama.org/library/position111095.htm .
Hamberson, Josh. The U.S.-Japan Automobile Debacle. Boston: Lleyton Brothers,
1. Would it be a good move for CF Industries Holdings to list its stock on Chinese stock exchanges? What are the possible advantages and disadvantages of such a move? Based on your analysis, what would you recommend to financial managers of CF Industries Holdings? Based on CF Industries Holdings’ business operations, it can be considered a good move for the company to list its stock on Chinese stock exchanges. Notably, the company is a global leader in the transformation of natural gas into nitrogen. In particular, the chemical procedures that the organization utilizes make certain that there is nitrogen necessitated to support life on earth and this encompasses having products that eradicate harmful discharges from industrial activities. The company’s operations is a good prospect for foreign investors in China, a nation that is presently faced with problems of plenty of emissions in its environment from industrial actions. Therefore, by listing…...
mlaReferences
CF Industries Holdings. (2017). Who We Are. Retrieved from: Ernst & Young. (2014). The benefits of listing on US exchanges. Retrieved from: http://www.ey.com/Publication/vwLUAssets/EY_-_The_benefits_of_listing_on_US_exchanges/$FILE/EY-The-benefits-of-listing-on-US-exchanges.pdf Ibrahim, A., Youssef, M. (2013). The Rationale Behind Cross-Listing: Its Implications On Corporate Governance. Retrieved from: http://www.tamimi.com/en/magazine/law-update/section-5/september-3/the-rationale-behind-cross-listing-its-implications-on-corporate-governance.html Investopedia. (2017). ADR Basics: What Is An ADR? Retrieved from: http://www.investopedia.com/university/adr/adr1.asp Sekine, E. (2008). Listings by foreign-invested companies on mainland Chinese stock exchanges once again in the limelight. Nomura Capital Market Review, 11(3), 8-23. Retrieved from http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1289226 https://www.cfindustries.com/who-we-are
Executive Summary The global economic environment has changed significantly in just the last 8 years. Central banks have become more assertive in the market places, inflation measured by CPI has risen, the dollar index has dropped, political rhetoric is highly inflammatory with a focus on tariffs, trade wars, currency wars, protectionism, nationalism, and interventionism all being heard more and more in recent months and years. For a finance manager all of these variables must be considered when focusing on how to plan for risk, how to guide the firm’s financial decisions, and how to protect cash flow. This paper identifies some of the main challenges that a financial manager will face in the light of changing economic conditions—namely, how rising interest rates, exchange rates and inflation rates will impact cash flow, and how the flow of information must be managed in order to balance strategic aims with economic uncertainties and economic…...
mlaReferences
Corsi, F. & Sornette, D., (2014). Follow the money: The monetary roots of bubbles and crashes. International Review of Financial Analysis, 32, 47-59.Heller, R. (2017). Monetary mischief and the debt trap. Cato Journal, 37(2), 247-261Ilie, L. (2015). Challenges for financial managers in a changing economic environment. Procedia Economics and Finance, 27, 726-730.Oxelheim, L., Wihlborg, C., & Thorsheim, M. (2011). The CFO’s Information Challenge in Managing Macroeconomic Risk. In The Strategic CFO (pp. 189-208). Springer, Berlin, Heidelberg.
Effects of Globalization on CrimeGlobalization has different effects on developing and the developed countries in its distinct way. Since the developed countries already have an already established strong infrastructure, fortified economy, vigorous political mechanisms, and less difference among the poor and the rich regarding societal equality, globalization has still been debated regarding its effects on the entire country (Samimi & Jenatabadi, 2014). Since the poverty levels in developed and developing countries vary depending upon the type of effects globalization poses on a country, the crime rate also differs. This paper investigates the globalization impact on crime based on the statistics taken from authentic sources.Research has shown that globalization has greatly affected the economy of a country that has slowed inter-regional trade. When the trade is open between two countries, the per capita income of the developed countries rises above the average level, resulting in improved quality of life for those…...
mlaReferences
Martin, R., Tyler, P., Storper, M., Evenhuis, E. & Glasmeier, A. (2018). Globalization at a critical conjuncture? Cambridge Journal of Regions, Economy, and Society, 11(1), 3-16. https://doi.org/10.1093/cjres/rsy002
McAfee. (n.a.). There’s nowhere to hide from the economics of cybercrime. https://www.mcafee.com/enterprise/en-us/solutions/lp/economics-cybercrime.html
Mehardchandani, D. (2020, December 18). Cybercrime expected to rise at an unprecedented rate in 2021. Security Boulevard. https://securityboulevard.com/2020/12/cybercrime-expected-to-rise-at-an-unprecedented-rate-in-2021/
Morgan, S. (2020, November 13). Cybercrime to cost the world $10.5 trillion annually by 2025. Cybercrime Magazine. https://cybersecurityventures.com/hackerpocalypse-cybercrime-report-2016/
Global Economies
Each region in the world has a different economic policy guided by various fundamentals and policies in place. Members of a region may dictate how the business in that particular region is conducted. Several factors therefore have to be considered by businesses and countries when they want to engage in business with one another. When doing business, a critical analysis of the host country in terms of the macroeconomic dynamics is of great importance to evaluate how they affect business and also taking into account the barriers, tariffs and regulations of trade that may affect the exportation of goods and services.
Certain regions have trade blocks that govern the rules of doing business; such regions enforce barriers to protect the economies of the member countries and to bar foreign investors and importers from providing goods and services to compete against their respective domestic products. Some countries have heavy duties charged…...
mlaFor purposes of this paper, the focus is on Australia which has one of the best economies in the world. Australia is ranked thirteenth best economy with its per capita income being ranked as one of the best in the world. Its human development index is also one of the best compared to other major economies of the world with its national performance in areas such as the economic freedom, education, protection rights, health and quality of life in general still ranked high. It has one of the best organized governments with clear structures and a working constitution that governs and protects the citizens. Geographically it is one of the largest countries with six states namely; South Australia, New South Wales, Queensland, Tasmania, Victoria and Western Australia (Ralph Kelly, 2012).
Australia generally is a wealthy nation with a population of about 22.2 million; its major cities are ranked as the most livable cities in the world. The Australian dollar (AUD) which is its main currency is stronger than the U.S. dollar (USD) and the exchange rate is 1 AUD equals to 1.03810 USD an indication of a good economy for foreign investment (XE, 2012). A stronger domestic currency is good for the importers but unproductive for the country's exports in the International markets as they become expensive and less competitive. The barometer predicts a decrease in the value against the USD by 2013 with a strong performance before the 2013 down drift. Different categories of business operators expect AUD/USD to go as high as $1.06 and weaken to $1.02 by 2013 onwards (Commonwealth Bank 2012).
Australia's annual economic growth for the last 15 years is 3.6%, the GDP growth rate estimates for 2011-2012 according to World Bank ranges from 3.2% to 3.8% which is a positive indicator. The International Monetary Fund report has also indicated that it is the world's best performing advanced economy, a status that is expected to prevail in the next two to three years. The year 2012 has had a growth rate of 3.1% therefore with all the fundamentals constant, a forecast of 3.3% increase is expected in 2013. The inflation (CPI) for Australia is 2.8% while the interest rate ranges between 3-6%.The interest rate forecast remains constant as sources reveal, the rate has been constant at 3.25% for the last three consecutive months being backed up by the domestic indicators. Inflation is also expected to remain
Motivating Staff in a Global Economy
More and more organizational analysts are referring to the modern workforce as increasingly integrated and interconnected.
This has occurred in part because of globalization. More and more organizations are branching out, running in multiple countries and providing services to global customers. As the workforce changes and becomes more dynamic, people are increasingly reliant and interdependent within the scope of the workplace. Global integration is a trend that has wide-ranging economic, social and organizational implications.
Globalization has resulted in significant changes including an increasingly common practice of outsourcing job roles
Organizations are starting to look for ways to decrease the costs associated with doing business and increase productivity. One way to do this is to outsource job roles.
As more employees face the potential loss of their job because of outsourcing, more and more employers are realizing that motivating staff is becoming a more difficult task. It is however vital…...
mlaBibliography:
Alessandra, Tony & Barrera, Rick. "Motivating to Excellence." Security Management,
36(11): 20, 1992.
Bush, Brandi J. "People: Attracting, retaining and motivating." The Public Manager,
30(2): 31, 2000.
When most people think about the impact of the COVID-19 pandemic on economics, they think of it as being purely destructive. While there can be no doubt that the COVID-19 pandemic has created economic uncertainty in many sectors, leading to a loss of production and high unemployment rates in many areas, it cannot be ignored that the pandemic has also led to new opportunities for certain businesses. Understanding those opportunities may be critical to the overall recovery of the global economy, as those industries that have experienced gains determine how to leverage them in a way that....
Below is an example essay to help give you ideas when writing your own paper.
Title: Bridging the Skills Gap in the South African Supply Chain Industry
Introduction:
In today's rapidly evolving global economy, the supply chain industry plays a vital role in ensuring the efficient flow of goods and services. However, South Africa's supply chain sector faces a significant skills gap, hindering its growth and competitiveness. To address this challenge, it is essential to identify and cultivate generic, transferable, core, or key attributes that can bridge this gap effectively. This essay will discuss the different forms of such attributes....
Certainly! Here are some essay topics on Donald Trump:
1. Analyzing Donald Trump's presidency: Successes, failures, and controversies.
2. The impact of Donald Trump's immigration policies on the United States.
3. Donald Trump's approach to foreign relations: An examination of his diplomacy strategies.
4. The role of social media in Donald Trump's political communication.
5. Investigating the economic policies and their effects during Trump's presidency.
6. Donald Trump's impact on the Republican Party: Transformation or deviation?
7. The rise of populism and its connection to Donald Trump's presidential campaign.
8. Analyzing the media's portrayal of Donald Trump's administration: Bias and influence.
9. A comparative study: Donald Trump and previous....
1. The historical background of the Russia-Ukraine conflict.
2. The role of Crimea in escalating tensions between Russia and Ukraine.
3. The impact of the conflict on Ukrainian society and economy.
4. The international response to the Russia-Ukraine conflict.
5. Media coverage and propaganda surrounding the conflict.
6. Human rights violations in Crimea and Eastern Ukraine.
7. The implications of the conflict for European security and stability.
8. Peacekeeping efforts and potential resolutions to the conflict.
9. The influence of Russian and Ukrainian nationalism on the conflict.
10. The role of energy resources in the Russia-Ukraine conflict.
11. The impact of the conflict on the global economy and energy markets.
12.....
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