SECTION III Question 26 (20 marks) "Discuss the impact of microeconomic reform and structural change on the Australian economy" Microeconomic policies refer to government policies designed to raise the economy's level of productivity and international competitiveness. ... Structural or microeconomic reform is a global phenomenon as many countries are attempting to make their internal markets function more efficiently to improve their international competitiveness and participate more successfully in the global market to realise the gains form trade. ... Microeconomic reform ...

• Word Count: 1779
• Approx Pages: 7
• Grade Level: Undergraduate

This essay will assess the effectiveness of countercyclical spending in South Africa before moving to a discussion of the wage bill and infrastructure outlays in the context of South Africa as a developmental state. ... Since the Keynesian analysis of the 1950s it has become widely accepted that the economic role of the government is not confined only to prudent financial management and balancing. ... This is less than the 41% in 2001 and is respectable by international standards. ... The question to be answered it whether the balance between these two components of spending is optimal. ...

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

In this essay the specific economic geography of Anglo-America will be explored following the Second World War. ... For the purpose of this essay the economy will be considered as 'the state of a country or area in terms of the production and consumption of goods and services and the supply of money'. ... The stagnation of the Anglo-American economies and the decline of previously successful industries such as General Motors, presented economic geographers with new questions to tackle. ... David Harvey studied the "uneven development in capitalism at the regional, national and ...

• Word Count: 1523
• Approx Pages: 6
• Grade Level: Undergraduate

The transition proved to be a smooth one (Tang, 1999), against all predictions; now, the question is whether the WTO membership will bring any surprises. ... The purpose of this part of the essay is to briefly analyze the economic impact of China's recent accession to the WTO on Hong Kong; is it mainly an opportunity or a threat to Hong Kong's economy? ... The emphasis on the economic aspects of Hong Kong is of great significance considering it is one of the world's freest and most dynamic economic centers and considering the commotion under the effect of two international econo...

• Word Count: 3624
• Approx Pages: 14
• Grade Level: Undergraduate