A big bang or shock therapy approach implements various reforms on (monetary policy, privatization, trade and exchange rates etc.) quickly, whereas the gradualist approach spreads various reforms over an extended period of time. ... Finally, a big-bang approach brings the benefits more quickly (World Bank, 1991). ... It is important to note though that, even across a set of minimum bangs, a gradualist approach may not always be better than a big bang. ...

• Word Count: 2154
• Approx Pages: 9
• Grade Level: Undergraduate

Note that from 2008 the proportion of government spending to GDP increased rapidly from 18.5% to 21.5% in 2011. ... This was quickly reversed as the extent of the crisis became apparent, hitting a low of 5.5% in 2010 and remaining high at 4% in 2011. ...

• Word Count: 2383
• Approx Pages: 10
• Grade Level: Undergraduate

Globalisation The word globalisation has become a buzzword since its inception at the beginning of the 1990s. A cottage industry on globalisation has emerged from which academics and intellectuals make a living by writing articles and travelling the world debating with others. The financial and business sections of broadsheet newspapers are continuously littered with issues concerning globalisation and meetings are frequently held by the superpowers to discuss the state of the global economy, such as the meetings in Doha in Qatar, Cancun in Mexico and the IMF summit in Dubai. As a result of...

• Word Count: 3797
• Approx Pages: 15
• Grade Level: Undergraduate

Was the British entrepreneur the most important single reason for the relative decline of the British economy in the late nineteenth century? Despite a continued growth of production and wealth in absolute terms, the economy of "the first industrial nation" began to decelerate after 1870, in comp...

• Word Count: 3250
• Approx Pages: 13
• Grade Level: Undergraduate