Value of Manufactured Output - US$/person/year Since the beginning of this century the quantitative approach to the study of economic growth and development got an important stimulus from the increased availability of official statistics on income, output and expenditure. The creation of national...
The Leaderless Collective deals with the subject of financial markets and, in this section, Norberg seeks to refute the three main arguments advanced by critics of globalization on this issue, namely, the irrational movement of stock markets caused by speculators, the increasing market fluctuatio...
Nevertheless, by the middle of the 1960's Hungary was one of the most industrialized states of Eastern Europe. ... This compares with an NMP per person of about $2,390 in Poland, $2,730 in Czechoslovakia, and $4,340 in East Germany in 1975. ... East Germany was Hungary's second most important trading partner in 1976, accounting for 8.8 percent of imports and 9.1 percent of exports. ...
The United States, along with the rest of the world relies heavily on its economy and economic prosperity and benefits. They, as countries, especially rely on the stock market. The stock market, or stock exchanges, are associations of brokers and dealers in securities who transact business togethe...
The slow uptake of technical innovation was key in the British decline, for instance the Gilchrist-Thomas process of removing brittle phosphorous from pig iron opened the way to the use of phosphorous -rich ores, in plentiful supply in North East England, thus providing the cheapest iron ore in the world for the production of steel. ... Unfortunately the public school formed the model for the new system of secondary education, which the less privileged sectors of the new middle class were allowed to construct for themselves after the Education Act of 1902, and whose main object was to exclude ...
This phenomenon is called interdependency; and an example of interdependency would be when East Asian countries faced the Asian Financial Crisis altogether beginning in 1997, making the situations even worse because all the neighboring countries were economically suffering. ... Many nations, especially in the Middle East, fight for territories because the territory contains historical, religious, and ethnic values (Frieden, Lake, Schultz, 2014). ...
benefits and threats of globalisation Introduction There are processes in the international order--driven by revolutions in communication and information technology--that exhibit seemingly inexorable globalising tendencies while, at the same time, there are a range of actions, adopted by states and non state actors alike, that attempt to resist these often ill defined phenomena captured by the all embracing notion of 'globalisation'. For example, the long term tendency towards freer trade, electronic commerce and the seemingly uncontrollable power of deregulated capital markets do...
Vietnam has also gone through a terrific economic development after the country's transition process from centrally-planned economy to a market economy and it also gone from a poor to a middle-income country in just 20 years. Over the past five decades, East Asia has emerged as a region with several spectacular stories (i.e. ...