Asymmetry of information
Essay - 8 pages - Economy general
In economics, information asymmetry occurs when one party to a transaction has more or better information than the other party. (It has also been called asymmetrical information). Typically it is the seller that knows more about the product than the buyer, however, it is possible for the reverse...
Corporate governance - What are the arguments for and against agency theory as a basis for understanding corporate governance?
Essay - 6 pages - Economy general
Corporate governance and the theory of the firm are two of the fastest growing topics in modern economic theory. Berle and Means argued that modern corporations were so dependent upon professional managers that a managerial economy had emerged, characterized by the separation of ownership from...
Is free trade desirable?
Essay - 13 pages - Economy general
A free trade system is a market form in which goods and services can be exchanged between and within countries without any kind of government restriction or regulation. The free trade debate is obviously the most important debate of the 20th century. It has been very much politicized and the...
The European Union (EU): a trade superpower?
Essay - 4 pages - Economy general
Europe is obviously one of the largest concentrations in economic power in the global arena. It possesses all the cultural, natural and historical assets to rise as a fundamental actor in the world economy. Thus, by forming a regional organization in order to cooperate, the member states have...
The Business Gateway to Qatar 2006
Essay - 102 pages - Economy general
The state of Qatar offers a unique variety of opportunities. Having almost entirely transformed itself during the last several years, the country keeps its incredible momentum of steady development. However under the auspices and progressive guidance of His Highness the Emir of the State of...
Is globalisation sustainable?
Essay - 15 pages - Economy general
Economic globalization is a major driver in today's world and has obvious and hidden implications on business and our daily life, as it is one of the factors of an extremely complex interconnectedness of human life across the planet. Local competition has existed since man was able to travel,...
Flexicurity: the Danish Model
Essay - 7 pages - Economy general
The word "flexicurity" is used to describe a social system combining an easy possibility for the employers of hiring and firing - flexibility - to important social benefits for unemployed people - security. This model is typical for Denmark for different reasons. Welfare benefits are centralised...
The rolled-up holiday pay
Essay - 5 pages - Economy general
The Working Time Regulations (“WTR”) were introduced in the UK in 1998 to implement the EU Working Time Directive 93/104/EC (“the Directive”) and are intended to be a health and safety measure. Under the Regulations, workers are entitled to four weeks paid annual leave. One of...
Comment on the article "Can India fly?", from The Economist n°8480, 2006
Essay - 4 pages - Economy general
"Indian Business has much to celebrate", says the author of the article "can India fly?—now for the hard part", published in the june 3rd 2006 edition of The Economist. India has been recently swept by great optimism, thanks to its phenomenal economic growth. Indian GDP growth hit of 7% in...
Burundi: Will the heart of Africa stay poor for ever?
Essay - 11 pages - Economy general
Burundi is a landlocked country with an equatorial climate on the east of Africa. The country is called "The heart of Africa" and it is located in a hilly and mountainous place, dropping to a plateau in the east. There are some plains but no maritime claims. Concerning its area, the country is...
Balance of payments: France
Essay - 12 pages - Economy general
"The balance of payments is a measure of the payments that flow between two specific countries. It is used to analyze and summarize the international economic transactions of that country during a specific time period."(http://en.wikipedia.org/wiki/Balance_of_payments). It is an important...
The World Trade Organisation (WTO) and public contracts
Essay - 8 pages - Economy general
The World Trade Organization aims at ensuring “harmony, freedom, equity and security” in trading activities. The organization has the institutional means to control the compatibility of national policies to its requirements. From financial to commercial items, all fields of legislation...
A number of assumptions are typically made on preferences to give so-called "well-behaved indifference curves"
Essay - 5 pages - Economy general
The consumer choice theory aims, among other things, at modeling preferences that will guide the consumer in his choices. To do this, an assumption will be made: the consumer is able to rank any two consumption bundles as to their desirability, that is, the consumer is aware of his own tastes and...
Explain the role of conjectural variations within the context of quantity settings duopoly. Use this idea to explain the difference between Cournot and Stackelberg models of duopoly
Essay - 7 pages - Economy general
In the context of oligopoly, firms do not have to worry about strategic behaviour as do monopolies, as far as consumers are concerned. Nonetheless, as they face competition from a few other firms, strategies in terms of price-setting and quantity-setting are of prime importance. What we want to...
Globalization and work: The role of trade unions in balancing globalization
Essay - 13 pages - Economy general
The trade-union teams of a company, a branch or a territory, are confronted daily with the stakes in globalization. It is the case when, because of the saturation of the mobile telephony market in Europe, Mitsubishi closes its unity of Vitré to become established in China; when to increase its...
Synopsis On Open Systems
Essay - 2 pages - Economy general
Recent years have witnessed an upsurge in academic the dialogue over the concept of ?Open Systems' (especially in non-mainstream approaches) many of which have recently been influenced by Critical Realism (Mearman, 2004: 2). Victoria Chick (Chick, 2004: 4) defines a system as "a network, a...
What do you consider to be the major differences between Adam Smith's and David Ricardo's theories of international trade?
Essay - 5 pages - Economy general
The basic concept underlying all international transactions is that foreign markets are extensions of domestic markets, in the sense that goods and services produced domestically, and whose quality is reflected in the strengths of the supply and demand curves, can also be sold internationally....
The income gap: a growing dilemma
Essay - 19 pages - Economy general
While considering the poverty line in France, it is amazing to note that the current statistics has revealed that nearly 4 million people are homeless in France. This kind of an alarming and unmatched growth pattern is also visible across some Asian countries. Despite this poverty issue that...
Effects of the end of quotas for textiles on the French industry
Essay - 4 pages - Economy general
On the 11th of December 2001, China embarked into a new journey in its history by becoming an official member of the World Trade Organization. This was the first step towards free trade however, it was not the last. China's sharp economic growth and the end of quotas in January 2005 predicted...
The car industry: A move to concentration
Essay - 8 pages - Economy general
The motor industry is over 100 years old and has an interesting history and uncertain future. It provides an interesting example of an industry that had to quickly evaluate due to constant evolution of technologies employed. This evolution was so money-demanding that it caused a typical movement...
The tobacco industry
Essay - 8 pages - Economy general
The origin of tobacco is quite old, and it became an industry when European discovered it. But the future of this particular industry is uncertain. Tobacco is not really an innocent product, since it has been proved to be addicting and to favour diseases such as cancer. Consequently, tobacco...
Alterglobalisation: "Another world is possible?"
Essay - 5 pages - Economy general
In the mid-eighties there were huge criticisms caused by the liberal policy carried out both by Ronald Reagan and Margaret Thatcher. There were, especially in the United Kingdom, a lot of strikes and manifestations against the neo-liberalism. However, Margaret Thatcher, answering to an interview...
Farmland Abandonment and the Farmland Market: Lessons from Japan
Essay - 10 pages - Economy general
A major concern in Japan is the farmland market which is inefficient and which is reaching a state of illiquidity. If one could go by a hypothesis the reason for this inefficiency could be related to the remarkable increase in area of abandoned farmland. In this paper, a model which is commonly...
Decentralization as a constraint to Leviathan: a panel cointegration analysis
Essay - 9 pages - Economy general
Basing fiscal federalism on the government is indeed a study to be reconsidered. This paper reflects on the effects of fiscal federalism. The Leviathan hypothesis (twisted speculation), suggests a negative relationship between fiscal decentralization and government growth. This relationship has...
Free Trade Agreements and Equity Market Integration: A Case of U.S. and Jordan
Essay - 13 pages - Economy general
Considering the degree of openness in trade and investment, it is a well accepted fact that the international financial markets have increased their mutual dependency on each other. When laying out plans and taking decisions, traders are cautious. Therefore, traders incorporate information...
Analyzing the capital budgeting and real options in different countries
Essay - 14 pages - Economy general
Our case study will focus on the comparison between the Capital Budgeting techniques that is being employed across different countries. We also aim to explore the differences (if they are prevalent) in the existence of the so-called theory-practice gap of capital budgeting. In order to conduct a...
Stock market return and time-varying volatility in an emerging market: evidence from sub-saharan Africa (ssa)
Essay - 13 pages - Economy general
This paper offers a comprehensive view of four time properties that emerge from the empirical time series literature on asset returns. It examines: (1) the predictability of returns from past observations; (2) the auto-regressive behavior of conditional volatility; (3) the asymmetric response of...
How does trade globalization affect women working conditions in South America?
Essay - 5 pages - Economy general
The international trade agreements have important impact on people living in poverty. But these impacts operate at different levels. In some cases, trade can stimulate the development of these countries, help the economic growth, help employment, give access to local population to variated goods...
Is there a "Bolivarian" alternative to free market integration?
Essay - 6 pages - Economy general
Since 1998, voters have elected Hugo Chavez to the presidency three times with increasing margin each time and on August 15, 2004, voters returned to polls to decide whether to remove him from office or not. 59% of voters confirmed the President's mandate and defeated the recall initiative. First...
The Monterrey Consensus The Conference on Financing for Development
Essay - 3 pages - Economy general
The International Conference on Financing for Development (FfD) took place between the 18 and 22 of March 2002 in Monterrey, Mexico. More than 170 countries adopted a commitment designed to “eradicate poverty, achieve sustained economic growth and promote sustainable development” in the...
