Introduction Impact of Eurozone crisis on Singapore and how it affects other Asia economies that Singapore is also dependent on. The severity of the impact that Eurozone crisis caused to Singapore, and underlying situations present in other Asia powerhouse economy that might surface if not properly addressed by their government might cripple Singapore’s economy as […]
2.5.1 Introduction Most of the countries tried to reestablish the gold standard after World War I, but it had been totally collapsed during the Great Depression in 1930s. Some economists said comply with the gold standard had prohibited monetary authorities from increasing the money supply rapidly enough to recover the economies. Therefore, the representatives of […]
The last fifty years the world has seen a revolutionary force in the name of globalization. However not everyone in the society has benefited from this progress. A vast majority of the global population is still under the poverty line. The corporate world has grown so huge that it has the capabilities to take on […]
Introduction Globalisation is the process of intensified international competition and trade. It enables the movement of goods, production factors, labour and technology across borders. If countries use their resources efficiently then globalisation can also enhance growth and social welfare. This depends on how much competition there is and a country has to have a certain […]
Executive Summary The purpose of this report is to outline and analyze the ethical dilemma facing construction companies and labour contractors in the UAE with respect to accusations of blue collar worker exploitation. In order to do this, we first understand what is meant by the term ‘exploitation’, which is when an individual is treated […]
Economics is the study of how individuals and groups make decision with limited resources to meet their best want and needs. Also it study the changes in choices that may occur in future economics divides into two subjects: microeconomics and macroeconomics where microeconomics is the study of the choices that individuals and business make and […]
It can be said that Australia’s fiscal budget is sound and stable and may actually be envied by many major world economies. Its balance sheet is one of the strongest in the world1. In order to have a general idea of this, Australia’s current budget deficit is $57.4 billion (about 4,9% of GDP). Comparing to […]
Introduction The financial crisis of 2008 and 2009 were strong blows to the US economy, and it’s necessary to go back and know what was the real causes behind it, some people said that private-sector greed, the financial crisis were the direct sources of the crisis, but actually it was a misguided monetary and the […]
Saving & Investment are two crucial elements of macro-economics. The term Saving & Investment sometimes make us confusing & we use these terms in interchangeably. So concept of Saving & Investment should be cleared. Spending less on consumption than available one’s disposable income called individual saving or simply saving. It bears no risk or a […]
Sri Lanka has traditionally been an agro-based economy from the ancient times. With the Industrial Revolution taking root in Europe and later spreading to the rest of the world, Sri Lanka too had to take its place in this scenario. Factory scale production of ready made garments in Sri Lanka had its beginnings in the […]
