The global financial crisis that erupted in 1997 affecting the "Asian Tigers" economies and quickly reverberating globally set the stage for the first genuine debate in several decades over the role of the International Monetary Fund (IMF). ... At this end of the spectrum, the debate focuses on how to enlarge its role in the global economy in a variety of ways, for instance, as a genuine lender of last resort and as creator of international liquidity through its prototype SDR mechanism (Dollar and Svensson, 1998); as an authority in orderly debt negotiations between creditors, priv...

• Word Count: 3629
• Approx Pages: 15
• Has Bibliography
• Grade Level: Undergraduate

More importantly, it reciprocates the understanding of globalisation by the international financial institutions, such as the International Monetary Fund (IMF) and the World Bank (WB), which are seen as the agents of globalisation and have exported globalisation to all regions of the world through economic reform programs, known as Structural Adjustment Programs (SAP). ... Oppressive use of trade barriers Developing countries have been told to remove barriers to trade so that they can benefit from Ricardo's law of comparative advantage. ... Therefore, according to the law of comparativ...

• Word Count: 3797
• Approx Pages: 15
• Grade Level: Undergraduate

Some kind of 'cost benefit analysis' is not so easy when globalisation is perhaps the most over used and under specified concept in the international policy sciences since the passing of the 'Cold War'. ... Globalisation must not be seen as a homogeneous or totalising process but one in which economic, socio-political and cultural dynamics (both historical and immediate) and sub national, national, international and super-regional processes are all at work. ... [i]f we do not have greater equity and social justice, there will be no political stability and without politica...

• Word Count: 9082
• Approx Pages: 36
• Grade Level: Undergraduate

Task 1 Different Types of Organizations and the Purpose 1.1 Purpose of organization Before we learn about the types of organizations, we need to learn the basic purpose of setting organizations. The main purpose of organization is to provide a pathway to their business setup and to set the main objective for their business. Organizations help in making profit in a standard way. The different purpose of organizations helps in building the structure of company. Different Types of Organizations There are three types of organizations in business field. ...

• Word Count: 6987
• Approx Pages: 28
• Has Bibliography
• Grade Level: Undergraduate

There are quite a few other goals that was set by MERCOSUR including a clause that states that the countries involved will be able to adjust their laws for the purpose of strengthening the agreement. ... A trade agreement that conveys the positive outcomes of international trade is the General Agreement on Trade and Tariffs (GATT). It was created in 1947 and like NAFTA promotes international trade through the reduction of tariffs. ... However, GATT is more inclusive of the international economy. ... NAFTA, MERCOSUR, GATT, and the EFTA, overall, have created founded many positive aspects in int...

• Word Count: 3714
• Approx Pages: 15
• Grade Level: Undergraduate

Globalization is defined with the focus of economics to mean the integration of the state economies through corporations' investment, trade and capital flow into the international economy. ... The unfair trade in the international trade in the name of free trade to maintain self-protection and an example is the mechanical protection in developing countries. The trading system is particularly unfair, and the leadership of the developing countries has not come into agreement with the facts about the international trade community. ... The practices the follow the neoliberalism policy have a ...

• Word Count: 2557
• Approx Pages: 10
• Has Bibliography
• Grade Level: Undergraduate

One of Russia's main exports is oil, and the decline in price has greatly reduced Russia's trading power on the international market. ... Without international help, they will be unable to pay back the $4.8 billion due this year to the IMF and World Bank. ... If these defaults occurred, the result would have been that Russia would be cut off from international capital markets, and entered a period of economic isolation. ... Further, due to declining oil prices and pending repayments of loans to international organizations such as the IMF, the consensus is that conditions are expected...

• Word Count: 4431
• Approx Pages: 18
• Has Bibliography

Finance minister Amara Konneh says that's mostly because of damage done to mining, agriculture and service industries, as investors evacuate foreign workers, borders close, and international flights are suspended. ... Add to that the high cost of fighting the virus, and the country will run up a big fiscal deficit, even in light of international assistance. ... But of course an outbreak of an epidemic disease, well, those international borders are going to get closed, aren't they? ...

• Word Count: 2637
• Approx Pages: 11
• Grade Level: Undergraduate

However, long-term success at attracting investment, creating jobs, and reducing poverty depend on its ability to comply with an International Monetary Fund (IMF) program, resolving the thousands of Sandinista-era property confiscation cases, and opening its economy to foreign trade. ... Nicaragua's new tax law provides several tax breaks for investments. ... Nicaragua's tax law provides tax breaks for investments in: • Hotel service industry • Investments in Protected Areas of Tourism and Ecological Interest • Air Transportation • Water Transportatio...

• Word Count: 4098
• Approx Pages: 16
• Has Bibliography
• Grade Level: High School

By measuring the historical intensity of international economic links, the World Bank has identified that between the two World Wars and through the Great Depression the global poverty rose strongly and inequality widened. ... "A rallying point for many critics of today's global economy and of the IMF (international monetary fund) is that, while the advanced countries are becoming more and more prosperous, extreme poverty remains prevalent in many parts of the world."" ... Inequality has risen in some developing countries that have intensified their international economic links, but it h...

• Word Count: 6472
• Approx Pages: 26
• Has Bibliography
• Grade Level: Undergraduate

The emphasis on the economic aspects of Hong Kong is of great significance considering it is one of the world's freest and most dynamic economic centers and considering the commotion under the effect of two international economic crisis" during the SAR's first four years of existence. ... Hong Kong embraces the globalization of international trade and economic activities. ... Hong Kong must swiftly acquire the latest information "know-how" to enable them to become more cost-effective, adaptive and responsive to the rapidly changing market conditions and foreign competition in the glo...

• Word Count: 3624
• Approx Pages: 14
• Grade Level: Undergraduate

1) Define the term price elasticity of demand and describe the three (3) price elasticity ranges. Describe the relationship between the price elasticity of demand and total revenues of a firm. Provide at least one example of an actual product or service as a reference point in your answer.  ...

• Word Count: 2802
• Approx Pages: 11

Contrary to economic laws which function all over the world, in Armenia UPPVT does not only receive the subsidies from the state, but also has turned in to profitable sphere. ... For carrying out final results of the hypotheses which is put forward by us, there is a plan of active performances in mass media, cooperation with public organizations fighting for regulation of public transport work, personal participation in preparation of the till now absent law about public transport of RA and its involvement into the parliament of Republic for observation. 3. ... As the shadow activity often c...

• Word Count: 3271
• Approx Pages: 13
• Has Bibliography

Also during this time local and national laws prohibited the use of new labor saving techniques and machinery. ... He constructed a formulation of the laws of the marketplace, discovering what he called "the invisible hand," whereby private interests and the passions of men are led in the direction most agreeable to the whole society. ... Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his ...

• Word Count: 3887
• Approx Pages: 16

Ludwig von Mises "Economics deals with society's fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen."" This is a quote of Ludwig von Mises. He was one of the most influential and important economist of the early and mid 1900's. Mi...

• Word Count: 2749
• Approx Pages: 11
• Grade Level: Undergraduate

Wan (1971) reflects this view when he argues that Solow's (1957) path-breaking approach may be defended on the grounds that "one may argue that the functional relation between Q and K, L is an empirical law in its own right. In the methodological parlance of Samuelson, this is an operationally meaningful law, since it can be empirically refuted". ...

• Word Count: 11086
• Approx Pages: 44
• Has Bibliography
• Grade Level: Undergraduate