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A Critical Examination of Thomas Sowell's Work, 2006.
A examination of Sowell's work on economic theory using two of his books: "The Quest for Cosmic Justice" and "The Vision of the Anointed: Self Congratulating as a Basis for Social Policy".
1,486 words (approx. 5.9 pages), 4 sources, MLA, $ 49.95
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Abstract
This paper examines Thomas Sowell's work on economics and social justice by analyzing two of his books::"The Quest for Cosmic Justice" and "The Vision of the Anointed: Self Congratulating as a Basis for Social Policy". It looks at how Sowell's analysis explores the following questions : Is the paradigm of social justice exaggerated? Is society being manipulated to accept the views of an elite group of intellectuals, who have used the platform of justice to remove social privileges? Has the market system and price mechanism failed us? The writer suggests that Sowell's work should be mandated to be analyzed in conjunction with economics. The writer explains that economic theory is being used to subjugate and dictate policies that over-ride the primary components of the market economy. The writer believes that "The Quest for Cosmic Justice" and "The Vision of the Anointed" allow the economic student to realize that at the very fiber of every decision there are costs.
Outline:
Introduction
Quest for Cosmic Justice
The Vision of the Anointed
Sowell's Work and Economic Theory
Has Sowell Gone too Far? A Critique of Sowell's Work
Conclusion
From the Paper
"Economics has allowed many individuals (myself included) to be more analytical in their thinking and at times more technical when solving problems. However, the field has been known to produce ground-breaking research in issues that surpass the quantitative esoteric nature that is presented to many individuals. Thomas Sowell's works fall into the former rather than latter category. Sowell's truth-bearing books are sometimes hard to read, because of how unbiased and 'raw' his work is. I sometimes wonder if Sowell was not African American, what would be the reaction to his work, would it still be revolutionary or just racist babbling."
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Suffrage in the New World, 2008.
A literature review of the correlation between economic development and suffrage across North America.
1,118 words (approx. 4.5 pages), 5 sources, MLA, $ 38.95
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Abstract
This paper examines how the extension of suffrage affected long-term economic development in the America's vis-a-vis wealth distribution and political influence. It looks at the U.S. democratic model as a paradigm explaining why economic elite might choose to award universal suffrage. The paper concludes that the U.S. eventual granting of, what they deemed to be universal suffrage, was due to the machinations of the political elite and that universal suffrage never existed in any real sense until later in the 20th century, contrary to popular opinion.
Outline:
Article Summary
Literature Review
Analysis
From the Paper
"Even after universal suffrage for both women and blacks in America were granted, it was not until the mid 1960s that many legal and regulatory barriers that prevented many women and blacks from voting were struck down in the Supreme Court of that country (Perelman 149). The only conclusion that can be made regarding this development is that even in the U.S. the political elite did not freely choose to award universal suffrage in that country's beginning nor even in its later developmental stages. This seems to be a point that Engerman and Sokoloff completely overlook in their research regarding economic development through institutional control and granting of suffrage. "
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Globalization in Comparison, 2008.
Reviews three articles on globalization: Simone Borghese and Alessandro Vercelli's "Sustainable Globalization", Nicholas A. Ashford's "Globalization and the Environment" and David Suzuki's "Economics and Politics.
1,324 words (approx. 5.3 pages), 3 sources, MLA, $ 44.95
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Abstract
In this paper the writer compares and contrasts three articles - "Sustainable Globalization" by Simone Borghese and Alessandro Vercelli, "Globalization and the Environment" by Nicholas A. Ashford and David Suzuki's "Economics and Politics". The writer argues that each article raises intelligent points but that each one is also given to emotional or infelicitous language as well as to conclusions that are not infallible. The writer maintains that the main idea, fundamentally, of all of the articles is that globalization has exacerbated global inequalities and that international and domestic efforts must be undertaken to rectify the situation.
From the Paper
"By comparison, the second article, "Globalization and the Environment," an article penned by Nicholas A. Ashford, does not devote its opening pages to outlining the structure of the argument being set forward. Rather, Ashford begins right away by criticizing how the laws governing public health policy in the United States have been dominated and shaped by rational choice theory and by other free market economic fetishes. Ashford's first page is committed wholly to outlining the characteristics of the "American Disease" in health policy - a "disease" he attributes, in part, to government non-interventionism (the government, in other words, sees itself as a mediator and not as a trustee for public health and for the environment) and to the curious conviction that the industries which are creating problems in various aspects of public living are nonetheless the industries which will find a way to resolve the problem."
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Doux-Commerce, 2008.
An analysis of David Hume's concept of doux-commerce and the pursuit of luxury.
904 words (approx. 3.6 pages), 3 sources, MLA, $ 32.95
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Abstract
This paper discusses doux-commerce. It analyzes David Hume's emphasis that the necessity of earning a living in a free-market environment requires people to conduct themselves in an acceptable manner, especially with their trading partners. It describes why Hume has been described as an apologist for luxury for his explanations regarding doux-commerce.
From the Paper
"In conclusion, David Hume has been described as an apologist for luxury because he emphasized that in a market setting, self-interest is the primary motivation for conducting oneself with politeness, sophistication, and cordiality. This motivation reflects the necessity of earning a living in a free-market system, which compels people to conduct themselves in an acceptable manner as they do business. This "doux-commerce" thesis describes the fundamental conditions of interaction through which participants must interact if they wish to thrive and prosper."
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Turkey's Economy, 2008.
An overview of Turkey's budget deficit from 1980 and its growth outlook, as well as its current economic situation.
1,228 words (approx. 4.9 pages), 4 sources, MLA, $ 41.95
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Abstract
This paper provides an overview of the Turkish economy from the 1980s to the present day. It looks at Turkey's budget deficit over the years from 1980, inflation in the country and its growth outlook. It then discusses Turkey's purchasing power parity (PPP). The paper then focuses on the economic situation in Turkey from 2007 and provides expansion plans for the economy of the country.
Table of Contents:
Inflation
1980s and Later
Budget Deficit
Inflation and Growth Outlook
Purchasing Power Parity
PPP and the Exchange Rate
2007 and Beyond
Short-term Interest Rates
Interest Rate Spreads
Interest Rate Projections
Turkish Expansion Plans
From the Paper
"While the Turkish economy is still fragile and highly susceptible to external shocks, it is just as clear that the government has done a remarkable job in gaining control of the economy. The short-term interest rate is at historically low levels and the Turkish Lira is trading strongly on the foreign exchange markets. Inflation too is relatively low for the market and GDP is on a growth trend. The greatest risk to market entry is actually not from internal economic instability but rather from the external geo-political climate in the region. The company should pursue market entry into Turkey but needs a well thought out exits strategy integrated into the project plan."
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Unemployment Insurance and the Canadian Economy, 2006.
An examination of Canada's unemployment insurance program and its effects on the Canadian economy.
2,122 words (approx. 8.5 pages), 6 sources, APA, $ 66.95
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Abstract
This paper examines Canada's Employment Insurance (EI) program, which has been largely negative for Canada's economic growth but relied upon by workers. It explains how employers are often penalized for their participation and receive little in the way of financial incentive to generate new jobs or higher salaries. The paper also shows that the Canadian government should equalize the contribution limits of the EI by the employer and the employee, because then employers would receive some reprieve from the financial severity of supporting the majority of the EI programs and services. The writer concludes that the EI is counter-productive to robust economic performance as well as to long-term, stable economic growth.
Outline:
Abstract
Overview
Foreign Labour
Economic Impact
Elevating the EI
Conclusions
From the Paper
"Canada, as most other leading economies in the West, offers a comprehensive employment related insurance program that provides for work related payment benefits in the event of layoff, job loss or other employment related issue that results in a covered inability to work. Previously, this system in Canada was referred to as the Unemployment Insurance but since 1996 has been simply termed the Employment Insurance (EI) and is a government program overseen by the Human Resources and Skills Development Canada or the HSSDC (Employment, 2006b). EI is very important to the Canadian economy and social services system because Canada relies on a large population of seasonal workers due to the harsher climates in some of its Provinces as well as to some of its seasonal industries."
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Electronic Money, 2008.
This paper discusses electronic money in relation to the traditional banking methods, analyzing Berndt Kempa's article "Money in an Electronic World".
2,619 words (approx. 10.5 pages), 9 sources, MLA, $ 78.95
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Abstract
The writer notes that in his enlightening article regarding electronic money, "Money in an Electronic World", Bernd Kempa argues that electronic funds are not likely to replace traditional money any time soon but that the role of the central bank in determining a country's monetary policy may be affected. The writer points out that the Kempa voices these concerns in closing his research in which he successfully illustrates the development of electronic funds and cash. The writer discusses that companies such as eBay and Amazon.com have turned the retail industry upside down and these two companies alone handle billions of dollars annually in electronic funds across international markets without ever handling physical currencies. Yet, the writer maintains that central banks will continue to determine monetary policy because the simple fact is that none of these new economy institutions or the electronic funds that accompany new business models creates money themselves. The writer concludes that they only move currency values that have been created via traditional channels.
Outline:
Author Analysis
Developments in Electronic Money
Conclusion
From the Paper
"These observations are, while not being indicative of an impending catastrophe, somewhat alarming for economists who might be concerned with monetary policy at the national level. However, by raising such alarms, the author does not adequately support why he believes electronic funds might hold the potential to undermine such national economic and monetary policy when, in fact, all electronic funds originate first with the issuance of funds through traditional channels. No company that regularly operates in the financial markets, private or otherwise, has the ability to generate funds, whether electronic or otherwise, in any manner that supersedes the role or the oversight of the central banking systems."
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Globalization and the Welfare State, 2008.
A review of three academic articles about the impact of globalization on the European welfare state.
1,996 words (approx. 8.0 pages), 3 sources, APA, $ 63.95
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Abstract
This paper examines three articles, Mark Weisbrot's , "The Scorecard on Globalization, 1980-2000: Twenty Years of Diminished Progress", an International Monetary Fund article, "Globalization: Threat or Opportunity?" and Robert Estes' , "Trends in Social Development, 1970-1995: Development Prospects For a New Century," in order to determine how globalization has impacted the European welfare state. It then
attempts to determine why the social welfare state developed differently in Great Britain compared to other Western European states and why the different origins of social welfare states produced varied patterns of globalization policy development, and vice versa. In particular, it focuses on the impact of globalization on the fall of the social welfare state in Great Britain, for many economists have linked the growing inequality of income and wealth throughout Western Europe to globalization.
From the Paper
"Economic globalization is expanding and accelerating because capitalist institutions, ideology, and behaviors pervade much of the global economy. This translates into the dominance of capitalist market systems, market values, and market mechanisms. The reality of the world economy, however, is much more complex, and many people are increasingly frustrated by the negative economic aspects of globalization, for macroeconomic theory doesn't seem to affect them much, but a lost job because their company transfers its production facilities overseas because of cheaper labor does
affect them. "
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Common Agricultural Policy, 2008.
An analysis of the initial rationale, practice, policies, outcomes and recommendations of the Common Agricultural Policy (CAP).
2,644 words (approx. 10.6 pages), 9 sources, APA, $ 79.95
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Abstract
This paper discusses the European Union's recent reiteration of the Common Agricultural Policy (CAP). It discusses the reforms that are currently underway to help reframe the CAP model and promote equitable trade within European agricultural partnerships. The paper also looks at the criticism of these initiative by policymakers and economists and describes the rationale that makes the initiatives necessary.
Table of Contents:
Executive Summary
Initial Rationale
Practices
Policies
Outcomes
Recommendations
From the Paper
"Efficient and equitable functioning under the CAP was not possible under the conditions that existed prior to the reform processes that took place in 2004 and 2005. The outlay of expenses was simply not compensated for in positive economic developments; moreover, social justice, which was a mainstay of the CAP as a means of improving the quality of life for rural and agrarian communities, does not appear to have been met. Salvatici's (2001) "liberalization" model also indicates failure to improve quality of life for the majority of persons, suggesting that abandonment of the CAP is equally as unfeasible as allowing it to maintain its current course of action."
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History of the Currency Crisis, 2008.
This paper discusses the history of the currency crisis focusing on Asia and Mexico.
2,011 words (approx. 8.0 pages), 12 sources, APA, $ 63.95
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Abstract
This document discusses currency crises and utilizes the Asian financial crisis of 1997 to 1998 and the Mexican peso crisis of 1994 as illustrative examples. In both of these examples, the writer notes that the currency crises were precipitated by sudden capital flights out of the markets in question which exacerbated the devaluation of the currencies. In essence, the writer maintains that currency crises occur because investors, internal or external, leave a market suddenly and with little prior indication. The writer concludes that regardless of how valid the investor assumption of impending currency devaluation is the fact of their sudden flight from the market always leads to the devaluation they were predicting.
Outline:
Abstract
Currency Crises in Asia and Mexico
Overview
Asian Financial Crisis
South Korean Crisis
Central Bank & OMO
Exchange Rate Behavior
Conclusion
Mexican Currency Crisis
Overview
Build up to Crisis
The Trigger
Conclusion
From the Paper
"Thus, because of the currency speculators, who are typically foreign institutional investors, introduce a degree of risk simply through the size of their investment in a single currency that would not otherwise be there if the speculation was limited to smaller investors. While there are a whole slew of factors that must accompany a genuine currency crisis, in general, a crisis develops as these large institutional speculators perceive a decline in value of the currency and dump their investments en masse. The ensuing devaluation of the currency in question is unsustainable and the event often exposes other fundamental economic weaknesses that were disguised previous to the onset of the currency crisis, such as credit over extension in the market and a lack of foreign capital reserves."
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Riordan Operations, 2008.
An analysis of the foreign market issues regarding the expansion of Riordan Manufacturing into the Canadian market.
1,082 words (approx. 4.3 pages), 3 sources, APA, $ 37.95
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Abstract
This paper discusses Riordan Manufacturing as it relates to the firm's pending expansion into the Canadian market. It examines the relative international business issues centered on international financial organizations as they function within regional trading blocs. Additionally, the paper discusses the foreign exchange concerns that Riordan and other companies face across markets, regardless of currencies involved. Finally, it examines how to mitigate or manage this volatility in the foreign exchange markets.
Table of Contents:
Abstract
Overview
Financial Organizations
Foreign Exchange Challenges
Exchange Risk Strategy
From the Paper
"International firms or firms with a great deal of foreign market activity must utilize hard and soft currency strategies in the form of foreign exchanges of currency as a way to reduce risk and Riordan is no exception. That is, there exist several forms of risk for which companies must hedge by utilizing the foreign currency exchanges in a strategic manner to reduce such risk. However, while risk reduction strategies do serve to mitigate risk they cannot fully remove risk from foreign exchange transactions which, due to geopolitical events and other market developments, are somewhat exposed volatility to one degree or another regardless of mitigation strategies deployed by a given firm."
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Labour Reproduction Force, 2008.
This paper looks at the changes in the Canadian population from a labour force reproduction perspective.
900 words (approx. 3.6 pages), 2 sources, MLA, $ 31.95
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Abstract
In this article, the writer discusses that a labour force reproduction (LFR) perspective allows insights into how populations reproduce themselves in the context of economic change, with fertility and immigration being contributory factors over time. As this essay argues, in discussing how the Canadian population is (re)produced from a LFR perspective, the use of this perspective allows us to understand critical issues of power and, in particular, who gains from such a reproduction process. In this analysis, one can see how a labour force reproduction perspective allows us to understand how fertility rates and immigration factor into postwar Canadian economic growth. The writer concludes that changes in the LFR model reflect broader economic changes under globalization that reveal how corporate interests profit significantly from this reproduction process.
From the Paper
"However, the LFR model extended far beyond the shop floor, and can be understood as part of a larger vision of social organization whereby the single-wage earning family was promoted as the primary model for both the reproduction of labour - in the form of children - as well as of consumption. Thus, industrialists such as Ford recognized that it was in the self-interests of industry that they create well-paying jobs, as these well-paid workers were also prosperous consumers of the products assembly line mass production was creating across North America. Thus, the Fordist LFR model can be seen as a cycle by which the industrial economy reproduces itself over time."
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