Since 2005, the World Economic Forum has based its competitiveness analysis on the Global Competitiveness Index (GCI), a comprehensive tool that measures the microeconomic and macroeconomic foundations of national competitiveness. ... Understanding the factors behind this process has occupied the minds of economists for hundreds of years, engendering theories ranging from Adam Smith's focus on specialization and the division of labor to neoclassical economists' emphasis on investment in physical capital and infrastructure, and, more recently, to interest in other mechanisms such as e...

• Word Count: 4162
• Approx Pages: 17
• Has Bibliography
• Grade Level: Graduate

It is regarded by its supporters as playing a constructive role as an international credit cooperative serving its universal membership with impartial macroeconomic policy advice, technical assistance and financing for countries encountering temporary balance of payments problems. ... Moreover, the G-7 Finance Ministers took an even stronger line in their report to the Summit leaders by emphasizing that the IMF has a critical role to play in supporting macroeconomic stability in the poorest countries, through the PRGF, integrating its efforts with those of the World Bank (G-7 Finance Minist...

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

Introduction There are many changes in the UK's economic climate that affect the business environment. Measuring the economic environment and its position in the economic business cycle is not an exact science. The state of the economy can be measured using a number of economic indicators, such a...

• Word Count: 3263
• Approx Pages: 13
• Has Bibliography

Research Purpose This research project is the assessment of shadow economy (SE) in an urban public passenger vehicle transport (UPPVT) of Yerevan and development of measures on its reduction. For realization of this task, the following hypotheses are carried out: • Economic basis of SE emergence in UPPVT; • Formation sources of a shadow circulation in UPPVT; • Economic assessment of a shadow circulation in UPPVT; • Methodology of SE research in UPPVT; • Development of organizational, normative and legislative measures on reduction and further liquidation of shad...

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

The macroeconomic principles defined in Economics 103 relate to NAFTA's impact on aggregate supply and demand, employment, investment, and their effects on national income. ... In 1986 Argentina and Brazil signed a Treaty for Integration, Cooperation, and Development which was originally set up to remove tariff barriers and tie together the macroeconomic policies of the two countries. ...

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

Keywords: Cobb-Douglas, production function, income identity Introduction It is somewhat paradoxical that one of the concepts most widely used in macroeconomics, namely the aggregate production function, is the one whose theoretical rationale is perhaps most suspect. ... "I have never thought of the macroeconomic production function as a rigorously justifiable concept. ...

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

(Boyd, 2002) pointed quoted a point from (The Copenhagen Centre for Partnership Studies,2002) stating that Social Partners and Social Partnership can be defined as: Social Partnership can be defined as a tri or multi-partite arrangement involving employers, trade unions, public authorities (the stat...

• Word Count: 5360
• Approx Pages: 21
• Has Bibliography
• Grade Level: Undergraduate

A corollary of this definition is that globalisation leads to convergence, through market pressures that emphasise 'best practices.'5 While there is empirical evidence to demonstrate major changes in the international economy over the last several decades, especially in the deregulation of global capital markets the degree of convergence of macroeconomic policy around a single neo-liberal model is overstated. ...

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

Microeconomics is the study of a section of the economy rather than the economy as a whole (which is macroeconomics).Microeconomics is more concerned with the allocation of scarce resources and the elasticity of consumers and producers at the level of households and firms.                         ...

• Word Count: 2802
• Approx Pages: 11

NICARAGUA HISTORY Nicaragua takes its name from Nicarao, chief of the indigenous tribe then living around present-day Lake Nicaragua. Although it is the largest republic in Central America, has a relatively tiny population of approximately 4.5 million people. Nicaragua is bound on t...

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