New Theories of International Trade
Essay - 7 pages - Theories and economic notions
Through this quotation from Joseph Stigltiz, co-prize winner of the 2001 Nobel Prize in Economics for his work on asymmetric information, we note the interconnection between countries that globalization brings about: with its advantages but also its disadvantages. A questioning of this process...
The role of transaction costs in the effectiveness of formal institutions and the players involved
Essay - 3 pages - Theories and economic notions
According to rational action theory, economic choices presumed to be free, rational and motivated by personal interest. The rational agent is assumed to take account of available information, probabilities, risk, but also potential costs and benefits of any exchange. However, the functioning of...
Strategies France must implement to stay a leader in the global wine market
Essay - 3 pages - Theories and economic notions
The main reason to explain this crisis simply is that there is an extremely harsh worldwide competition. Indeed, the 'powerful' competitors to France's wine industry knew how to push their strengths using 'competitive and attractive' wines which charmed consumers and mainly...
International financial management: Impact of International criminality
Essay - 5 pages - Theories and economic notions
Annual gross product of identified criminal activities is approximately $1000 billion that is to say 20% of the world trade. Admitting that charges on this kind of business represents 50% of this gross product (suppliers, production, corruption, investment, management fee) means that the annual...
China in the global economy: A fast growing export country
Essay - 4 pages - Theories and economic notions
The economy of China is particularly interesting to look at, because China was still over two decades ago a very poor country, whose planned economy didn't allow any improvement for its citizens' standards of living. But after a series of reforms oriented towards the market and initiated by Deng...
What are the main functions of capital markets? How useful are they as a source of finance?
Essay - 3 pages - Theories and economic notions
Capital markets have two important functions: primary market and secondary market. The primary market provides new capital. It is mostly considered as a source of finance for companies which want to raise capital in order to finance their development or acquisitions. The second function of...
Phillips and Young - the common critique of liberalism and the divergence of views on democracy, the equality and rights
Essay - 2 pages - Theories and economic notions
Our modern society has been solidly founded upon liberal principles; the Enlightenment constitutes one of the most influential political ideas in the nation-building process. Nevertheless, some criticism has emerged as our society seems to fail to provide all its citizens political equality....
What are the common classical liberal assumptions about human rights and how are they criticized by Proudhon, Marx, Engels, and Bebel?
Essay - 3 pages - Theories and economic notions
The United States declaration of rights proclaims three main rights: right to life, liberty, and pursuit of happiness. They are perceived as intrinsic to human beings. These principles were built in opposition to the monarchy and were supposed to ensure the people their rights, in the sense of...
The Schumpeterian entrepreneur
Essay - 4 pages - Theories and economic notions
In addition to institutions like private property, contract, and competition, "but also all conduct to be followed by individuals failing to meet with organized resistance", Joseph Schumpeter (1883-1950) considers the movement as consubstantial with the capitalist society. It will identify a...
The origins of capitalism according to Max Weber
Essay - 5 pages - Theories and economic notions
The rationalization of economic activity shall ultimately have already had the occasion to emphasize the historical dynamic of rationalization which is characteristic of the West in all its dimensions. Similarly it shall defend itself explicitly as wanting to support "an absurdly doctrinaire...
Economic globalization: the return of territory in the economic area - published: 06/02/2010
Essay - 4 pages - Theories and economic notions
The return of the territory is highlighted by some economists who highlight certain areas of the economic structure today (metropolitan cities). The major economic centers are organized around specific areas: the new spatialization of economic polarization is the ‘activities around major...
The Marxist Theory of the State and the African State
Essay - 4 pages - Theories and economic notions
After they became independent, the new African states had to adopt a specific political and economical orientation; they had the choice either to follow the system inherited from the European colonizers, mainly liberalism and capitalism, or to oppose the colonial politics by adopting socialism,...
Saving self control: A behavioral approach to analyze why individuals save and what prevents them from doing it well
Essay - 10 pages - Theories and economic notions
How and why consumers and investors save, has remained as a puzzle since modern economists approached the question. Clearly, we save because we have to, but we rarely ever want to save as an end in and of itself. Current the leading models present this dilemma as a struggle between two personal...
Microeconomics, main concepts for an economy study: capital formation, production, consumption, employment, credit multiplier, money demand, money supply, prime rate, Keynesian transmission mechanism, exports, imports and government expenditures
Essay - 14 pages - Theories and economic notions
Financial investment and interest rates have a positive relationship. Financial investment represents investment in bonds or shares or money saving in the bank. If the interest rate increases, the return of investment will be better. You will get more return on shares (or bonds) and earn more...
Innovation - a theorical approach regarding adoption and diffusion
Essay - 9 pages - Theories and economic notions
Innovation is a concept widely studied in scientific literature. However, it seems that a lot of work can still be doing about it. This is not a new concept, but it is still very difficult to define, because all the studies have different opinion on this subject. Innovation is a very simple word,...
