Economic development Essay Samples and Topic Ideas

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Economic Development Response 1: Stiglitz on Globalization Globalization by its very nature aims to achieve an increased interaction among the world’s countries through an elaborate economic process that has both the cultural and social constructs. But as Stiglitz rightly observes, globalization can create a scenario whereby powerful countries win over the economic, social, and even cultural dynamics of less developed nations. More importantly, Stieglitz posits that the resulting inequality in such countries can be resolved by first understanding the causes of the inequity together with unraveling the reason behind the lapse in globalization (Stiglitz 15). As such, it will be possible to...

economic development by China will result in quarter fall in the USA. Increasing the tariff charged on China’s export will cause it to cut its production something that will adversely affect China labor force (O'neill and Jim, 43). On the same note, if the United States manages to succeed in its production of large appliances, machinery, steel, auto parts, and other items previously imported, it will increase employment levels. Therefore, high employment in the USA will lead to the high inflation rate. This is according to Philip’s curve that indicates decreasing trend of unemployment due to the high inflation rate. For the United States to get to a level where it will be able to produce...

economic development of the country hence influencing its culture as well. During this time America and Europe were the most industrialized countries, and they required raw materials for their industries, these made Argentina put more effort more in the hides sector to export the much-demanded hides for the European countries, e.g., Britain and England. The liberal era was a great influence on Argentina as it emerged the most successful country in the region. Further, the period had a great role to play in its political stability, its economic stability especially given its position in the foreign market and its migrant labor just to mention a few. Works Cited Winn, Peter. Americas: The changing...

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economic development since sugarcane has been used in the production of sugar and ethanol, which are significant sources of revenue for the country ("Brazil Ethanol"). Most of the vehicles and machines use ethanol since it is a cheaper source of energy and it does not emit carbon into the atmosphere. As a source for sugar and clean source of energy, it is a good idea for the country to continue sowing sugarcane. However, the country should not go to the extent of cutting down the forest just to plant sugarcane. Such an action is likely to obliterate the environment and may lead to harsh climatic conditions around the country that will not be suitable for agriculture ("The Amazon: Earth's Largest...

economic development. On the other hand, Ecological Economics is an academic field of research, which highlights the various problems and challenges encountered in the government-related economic activities (Jansson 87). By addressing these issues, this type of economics is able to attain justice human well-being, and sustainability. The main weakness of Ecological Economics is that in the years to come, the extensive human impact on the planet will reach a point whereby the ecosystem will not manage to support the evolving human occupation. Works Cited Jansson, A.-M. Investing in Natural Capital: The Ecological Economics Approach to Sustainability. Washington, D.C: Island Press, 2014....

economic development in a country. Despite being prohibited, and companies adopting anti-corruption policies, there is many occurrences of this unethical business practice. This paper summarizes an article about corruption incident, discusses factors that possibly led to the incident and how managers can prevent corruption in international business practices. The article that was on The New York Times on March 24, 2010, is about the corruption charges against Daimler, a German car manufacturer. The automaker had to pay over 185 million dollars in fines and plead guilty of bribing foreign officials in over 22 countries across the world. The company bought off the foreign government officials to...

economic development (Hamza, 2015). Although there have been a few injustices linked to this system, the UAE has been able to accomplish its development goals while ensuring that the migrant workers receive fair remunerations. References De Bel-Air, F. (2015). Demography, migration, and the labour market in the UAE. Gulf Labor Markets and Migration (GLMM). Retrieved from http://cadmus.eui.eu/bitstream/handle/1814/36375/GLMM_ExpNote_07_2015.pdfHamza, S. (2015). Migrant labor in the Arabian Gulf: A case study of Dubai, UAE. Journal of Undergraduate Research at the University of Tennessee, 6(1). Retrieved from...

economic development order that has led to a jobless recovery in the Indonesian economy leading to a decline in unemployment rate. The biggest gainers in employment were the services and manufacturing sectors that saw large increases in the cost of the informal farming segment. In comparison to the 1980s when roughly 55% of the Indonesian population was concentrated in the agricultural sector, today, that figure has diminished to 40 % (Indonesia investments, 2018). In the year 2017, the unemployment rate increased from 5.33% in the first quarter to 5.5% in the third quarter of the same year. From the years 1982 to 2017, the rate of unemployment has averaged 6.1% reaching an all-time high of...

economic development from the southern states further north with the aim of providing further opportunities for the economic prosperity of the states that it was to cover. Inevitability of Civil War The conflict leading to civil war was inevitable, as both parties took hardlines in the issues of slave ownership and the advancement of slavery into Kansas and Nebraska. The Democratic Party vehemently supported the need to maintain slave ownership while the Republicans opposed the continued sustenance of slave institutions in the society. Since no party seemingly was willing to cede ground, it was apparent that the issue of slave ownership would cause more civil unrest. The Democratic platform even...

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