Current UAE’s Trade Agreements The United Arab Emirates (UAE) is one of the member states of the Gulf Cooperation Council (GCC). These countries have recently boosted their participation in international trade. The UAE and the rest of the GCC members have become part of various free trade agreements (FTAs), including...
Introduction It is appropriate to study and understand multinational corporations and international investments in emerging economies before assessing their effectiveness. International investments in emerging economies are multinational enterprises (MNE’s) operating in arising markets participating in the outbound Foreign Direct Investment (FDI) marketplace. Belt and Road Initiative (BRI) provides an opportunity...
Introduction Poverty is the condition where a person completely lacks resources, including financial and cannot have a minimal standard of living. It can source other problems such as malnutrition, unemployment, and poor literacy. Children and low-income families living in the world’s low and middle-income countries are much vulnerable and afraid...
The company may be faced with the need to raise finances from time to time based on the prevailing circumstances. The finances can be accessed through various channels, including banks, financial markets, and investors. The sources of finances are broadly categorized as either equity or debt. Equity constitutes finances sourced...
Introduction The rapid economic growth and consequent changes taking place in China in recent years have attracted much international interest. Wu asserts that this international attention is not only because China has a prospect of becoming the world’s biggest economy within a short time span, but also due to the...
At present, globalization has become one of the most debatable topics. Even though it promotes social development and benefits the global economy, this process also presents challenges for the political and social spheres. Globalization is a process during which the world is being transformed into a single global system. The...
Introduction The formation and development of the global labor market require an analysis in terms of globalization’s macroeconomic realities. Globalization can be perceived as a negative trend due to its particular consequences. It results in migration processes, accessibility, and permeability of markets in various countries. However, these days this process...
Introduction The EU and Turkey have had a long history in relations that seem not to end since the formal opening of accession negotiations in 2005; this has been beneficial to both the EU and Turkey (Ugur 109). However, this paper advances the reasons as why turkey’s membership to the...
Introduction Prices of oil rarely follow constant patterns as the may hit extreme lows or soaring highs. Economists have used a series of theories and models to explain this behavior and the paper shall look at some of these suggestions. What economists say about oil prices and what they will...
Fossil fuel is a non-renewable resource formed by natural processes containing a high percentage of carbon, including coal, natural gas, heavy oils, petroleum, tar sands, and bitumen. Fossil fuels are highly important because they can produce a great amount of energy when they are burnt. Therefore, they have been consumed...
Levitt’s article on globalization of markets is a widely read work due to its significant insights on global and multinational corporations’ efficiency and effectiveness. The main determinant being technology, he asserts that communication, travel, transport, and production of goods and services can be made easier (Levitt, 1983). The modern world...
Innovation Theory: Disruptive Innovation Theory The current competitive business environment underscores the importance of pursuing innovation. Innovation can give a company a competitive advantage over its rivals and ensure its survival in an environment characterized by competitive pressure. Failure to innovate can have wide-ranging implications for an organization. The paper...
Dubai has been an emerald in terms of real estate growth on the world stage. It has seen tremendous growth during the years buoyed by tourism and the real estate market, backed by its oil-rich economy. As such, it has quickly emerged as one of the prime destinations in the...
The common elements in the Asian tigers’ development path It is their geographical proximity that also results in the absence of natural resources possession. However, there are other similarities: first of all, the region’s countries had approximately the same motive for carrying out accelerated modernization – the need to find...
Concepts Cost of Capital is one of the central notions in the area of business analysis for both organizations and individual investors. As a rule, it refers to the level of return required to make a new investment project profitable. It consists of determining the firm’s cost of equity and...
Monopoly is a type of market relation in which the entire production industry of one type of product is controlled by only one seller. It is difficult for new firms to enter the market because they face economic, technical, and legal barriers (Bain, 2019). In a monopolistic environment, a vast...
Introduction Definition Demand and supply are two key concepts necessary for understanding microeconomics. Demand can be defined as the amount of product or service that customers are ready to buy at a set price. In turn, the definition of supply is a stock or amount of something (good or service)...
The USA is governed by a two tier government. The federal government is the overall government which controls most of the activities with cross-sectional application in all the states. The state governments on the other hand control single state and also have significant fiscal roles. Issues such as national security...
Executive Summary This is a business analysis report prepared to analyse two companies using financial statement ratios for the years 2010 and 2011. Profitability, Liquidity, Efficiency and Financial Stability ratios are included. The profitability ratios conducted indicate that David Jones is a more profitable company than Premier Investments. The efficiency...
Introduction The World Trade Organization (WTO) is an institution that aims at liberalizing and overseeing international trade. The institution regulates trade operation between members, creates a background for dialogue, formalizes trade arrangements, and creates a procedure of dispute settlement that is directed towards imposing participating countries to act in accordance...
Advantages & Disadvantages of using Ratios in Financial Analysis In recent years, financial ratios are becoming increasingly important for investors and capital providers seeking information about the financial position and performance of enterprises (Malikova & Brabec, 2012). This section discusses the advantages and disadvantages of using ratios in financial analysis....
Introduction During economic crisis, central banks can assume critical measures to restructure financial markets and restore public confidence. The recent financial challenges have affected the economies of numerous countries. Consequently, the concerned central banks have taken swift moves to help in the matter. This paper discusses how prominent central banks/financial...
Maturity transformation Banks usually act is financial intermediaries that transform the maturity of assets in order to make earnings and hence profits. To achieve this, they receive customers’ deposits as liabilities and lend loan as assets. A problem occurs when the banks use short term liabilities which are referred to...
Introduction The International Monetary Fund (IMF) was established in 1945 with its headquarters in Washington, D.C. Presently, it has a membership of 187 countries to which it is accountable. The core function of the institution is to foster international cooperation in the monetary issues, facilitating international trade, securing financial stability,...
Introduction Floating exchange rate (FER) is a state whereby a country’s money value is determined by the value of money in the international market depending on demand and supply of other currencies. The concept is contrary to the fixed exchange rates, where the government determines the rate in a predominant...
Introduction Trade relations between the key North American countries have been a priority for the region’s economic advancement for many decades. The USA, Canada, and Mexico had cooperated under several separate international trade agreements that favored the countries’ economic development, labor markets, and the overall level of standards of living...
Introduction Organizational change is a vital aspect of any company’s progress. However, apart from being influenced by corporate goals, it is also largely affected by external factors. By studying the key global trends that define organizational change, one will be able to increase preparedness in an organization, promote effective change...
Introduction A socialist economic system treats all members as equal and nobody is given special consideration. On the other hand, a capitalist economic system is one that allows members to do what they want in terms of acquiring and controlling resources. However, their activities must respect the laws of their...
Introduction The public housing program and the concept of affordable housing seem to be identical because they provide needy people with housing, but the two imply significant differences. On the one hand, the public housing program “was the largest subsidy program for rental housing until recently for low-income individuals and...
Abstract CEMAC (the Economic and Monetary Community of Central Africa) was a bid to promote trade and economic integration as well as create a greater degree of solidarity within the region of Central Africa. Established by Cameroon, the Central African Republic, Chad, the Republic of Congo, Equatorial Guinea and Gabon,...
Nowadays the phenomenon of globalization can be described as a dominating power behind major business and sociological developments all around the world. From day to day global economy, politics and culture become more and more autocratic in every land. In the following paper, major developments in the process of globalization...
Risks and Rates of Return It has been known that high returns have high risks. Keown, Martin, Petty, and Scott, (2005) explain that in business, projects that have a high risk have very high returns. Only courageous investors invest in the stock market as it is very risky. The stock...
When focusing on the trade happening between countries, there is isolation effect to the prices of each participating country. This allows for the extraction of the pure influences of the prices. With a two-country model which had rigid transportation cost, the changes in the law of one price (LOP) are...
Subprime Mortgage Crisis was a crisis that majorly affected the sectors of finance and real estate in the United States. It lasted from 2007 to 2010 with its climax being in 2008. It is the drastic rise in delinquencies of mortgages together with foreclosures that engineered the crisis. Debt saturation,...
Introduction At the beginning of the second millennia, Jim O’Neill, a British economist, and current British government minister wrote a paper called “Building Better Global Economic BRICs” (O’Neill, 2001). In this research, he noted advancing economic development of Brazil, Russia, India, and China. The paper noted the rapid rise of...
Introduction The UAE is a conglomerate of seven states formed in 1971 after the British protectorate over their territories was revoked. After the discovery of oil on its territories, the country was transformed into a global power and a center for trade and tourism (Al Abed 2009). Inevitably, this change...
Introduction China’s booming economy has undeniably been attractive to many investors and is still inviting to many due to its stable financial position in the global market. Morgan Stanley is certain to see China as one of the most prosperous countries with a population of around 20 billion in 2027...
Introduction The strength of an economy is measured in terms of unemployment rates, economic growth rate, and the rate of inflation. Economic analysts and interpreters must accurately monitor the trends of the above parameters to keep track of the economy and give advice to the government accordingly. As a result,...
Introduction The historical economic development of most nations is related closely to the principles they follow. International trade offers an extrinsic view of the economic operation of nations. Nations hold different policies some of which are related to what was successful for them in past years, while others adopt changes...
The great depression is one of the longest, deepest and most persistent events that ever happened in American History. Great Depression is believed to have lasted from 1929 to 1939 whose effects were severely bad. Great depression is believed to have started in the United States soon after the New...
Executive summary This report presents a customer-centric approach in provision of financial services in banks towards greater retention of clients and increased revenue. Main argument Customer satisfaction within the financial services industry is emphasized as a pillar for greater customer retention while reducing defection rates. Banks appreciate the dynamic changes...
A market is a place where buyers and sellers meet to exchange goods and services. The buyer buys at the agreed price. The buyer demands goods and services and the seller supplies at the agreed price. The agreed price where buyer and the seller are satisfied is called the equilibrium...
Introduction The business process of off-shoring is happening all over the world. “Offshore” is a term that is used to refer to geographical location where work is actually performed. It is used in relation to outside countries. Off shoring then means a company in one country lets a part or...
The concept of economies of scale as designed in the discipline of microeconomics is about the cost implications which result from the expansion of a firm’s production capacity. It is a long-run view of the firm where the average unit cost of production decreases as the amount of production is...
The table below shows the Average and Marginal product of labor for a hypothetical firm: Amount of labor ( units) Amount of capital(No. of machines) The output of parts(Q, hundreds of parts) Average product (Q/L) Marginal product(∆Q/∆L) 0 5 0 – – 1 5 49 49 49 2 5 132...
Introduction King Solomon, that biblical figure who was credited as being the wisest man that ever lived, once disenchanted, commented that there is nothing new under the sun; the things which have been done before are the same ones being done now, and shall continue being done ad infinitum. In...
Any given economy has two ways at its disposal to control the economic aspects of that economy. We insist on the economy since an economy is entirely a different entity from a government. Mankiw (2006) writes that control of the economic activity through monetary policy is implemented by a central...
Introduction In today’s world where there are so many products thronged over every nook and corner of the market, it is an extremely difficult task for a buyer to choose amongst the products. Globalization has made it even more difficult with the entry of several new firms into any business....
This paper would seek to outline some of the possible global causes as to why there are changes or fluctuations in oil prices. It would seek to determine some of the trade relationships, the effect on the present scenario, and the future challenges which would be faced by the oil...
Consumer behavior Consumer behavior refers to the decision-linked activities and processes during the process of purchasing and consuming goods and services. Consumer behavior is influenced by a wide range of factors, and for one to understand it, knowledge of these factors is necessary. Consumer behavior may also be influenced by...
Market Economy: Introduction Market Economy refers to an economic system in which economic decisions and pricing of goods and services are independently determined by the collective interface of country’s citizens who constitute the buyers and businesses as the suppliers and there is little government intervention in determining the market prices,...
Introduction The transformation of social geography marked by growth of supraterritorial spaces is termed as globalization while culture can be conceptualized as the common or shared system of believes, traditions and attitudes that shape a particular peoples’ perception and behavior. Globalization has had impact not only in the economic, political...
Introduction Illegal immigrants are an important sector of the US economy. It has both positive and negative results on the economy. Us economy is greatly benefited from the illegal immigrants in many ways. Pros and cons of the illegal immigration on the US economy are discussed below: Positive effects of...
America’s “Great Depression” began with the dramatic crash of the stock market when sixteen million shares of the stock were quickly sold by panicking investors who had lost faith in the American economy (Roma, 1992). At the height of the Depression, nearly twenty-five percent of the Nation’s total workforce were...
International trade is a very important phenomenon that exists in today’s world. Without international trade, the world would have been a very different place. The exchange of products, services, and capital across borders are key highlights of international trade. As a source for economic, social, and political growth, international trade...
Outline Introduction Definition of trade, Brief history of trade, Abstract, Trade in Europe History of trade in Europe, Impact of trade in Europe, Trade in Asia History of trade in Asia, Trade in West Asia, Trade in East Asia, (spice trade), Impact of trade in Asia, Trade in Africa History...
Introduction A brief mention of the Will Bury case is provided before the actual price elasticity scenario is discussed. As per the scenario of Will Bury, a factor of labor has to be taken into account when manufacturing a product and when the wages rise, the cost of the product...
The real estate industry had been undergoing a phase of declining housing prices globally (BBC 2 June 2009). The reason behind the slump in house prices is being cited as the financial crisis that the world economy is currently undergoing. In some countries like Latvia, property prices fell by 20...
This research study explores the possibility of implementing a Commonwealth Islamic Loan at the Commonwealth bank in Australia. The intention of establishing this loan scheme is with ha view to enabling the main target market by this project, in this case, the Muslim students in Australia, access a housing loan...
Supply is the number of goods or services that a producer wants to sell at a certain price at a certain time. It is the number of goods and services that the producer supplies and issues to the market to be sold to the customers. The amount of these goods...
Introduction This paper is about globalization that it is the leading factor to greater convergence in HRM Policies and practices in multi-national organizations all over the globe. This paper is going to be discussing about what is globalization and the positive and negative effects on the HR department of a...
Economic Profile The paper discusses the economic of profile of the country that has the world’s largest economy, the United States of America. The key sector of the economy is ‘services sector’ which contributes more than half of its GDP. The U.S economy is also known as ‘consumer economy’ since...
Oil pricing fluctuations are regarded to be one of the essential issues in the world economy. Initially, these issues are a matter of global discussion and of high importance for the world economy. It is emphasized that the pricing for the crude oil (as the main factor for oil and...
Introduction Macroeconomics discusses the economy as a whole that corresponds to the result of the evaluation of the millions of individual firms and the consumers make. This tackles the economy as a whole, and because this affects everyone macroeconomic plays a role in a political debate (Scott 2005, 4). The...
Introduction Globalization and integration are the main tendencies in the modern world. The concept of globalization is one of the most complex ones including all spheres of human activities and performance. Globalization deals with economic and social relations that determine the political and cultural life of the nations and geographical...
The purpose of this study is to throw some light upon the functioning of the Central Bank, The Bank of England. The study tries to go in depth and have a look at the factors that are directly responsible for the ever changing policies of the Bank. The study tries...
Abstract The financial crisis which the United States is combating today, in many aspects resembles the characteristics and consequences which were the outcome of the Great Depression lasting from the time period 1929 till 1933 (Great Depression). The Great Depression of earlier times and the financial crisis of the current...
Fiscal policy In economics, fiscal policy refers to the means by which governments adjust their levels of spending so as to monitor and influence the countries economy. It is basically the policy with respect to government spending and revenue collection to influence the economy. It is contrasted to monetary policy...
How future generations are affected by deficits Budget deficits result into an increment in the interest rate. This arises from the fact that the government increases its borrowing from the public by issuing securities such as bonds and treasury bills so as to seal the deficit. To attract investors, the...
General Overview of Private Equity and Venture Capital Overview Companies use different investment vehicles to source capital for financing their business operations. Two common vehicles are private equity funds and venture capital. While many people confuse private equity and venture capital, the two aspects are quite different. Their approach to...
Opportunity cost is defined as the benefit that is forgone by forfeiting the next best desirable alternative (Peter & Curwen, 1990). Economists have for a long time studied the opportunity cost principle and various definitions, discussions, and inferences on the topic have been presented. Opportunity cost applies to individuals, households,...
Define the purpose and function of money The purpose and function of money are to devise an artificial value. It is later on used as a medium of evaluating a good or service. Money was mainly invented to facilitate the exchange of goods and values between people (Mankiw, 2007, p....
During several decades, the UAE underwent rapid economic growth and became one of the world’s most advanced countries. Nowadays, the country has one of the highest levels of income among other industrialized states. All these significant achievements were largely supported by massive oil revenues, which allowed the UAE to short-cut...
Introduction Globalization is a process that has created the best environment for international business processes and operations. Many countries have embraced this wave in an attempt to improve economic growth and address most of the disparities facing their citizens. As technologies continue to advance, international businesses will be pursued with...
Introduction One popular method multinational companies (MNCs) use to venture into foreign markets is foreign direct investments (FDI). FDI has many constructs, but at the core of its existence are joint ventures or strategic alliances that companies build with each other to overcome the challenges of entering into new markets...
This paper aims to investigate the growth of international trade by highlighting its benefits, consequences and possible drawbacks. The study is divided into three sections. The first one explores the theoretical foundation of international trade through a review of classical and modern theories of global business. The second section demonstrates...
The importance of oil Oil is very useful in several processing plants and industries. The product is paramount since a number of goods and services use it as a major component in their production, supply, and delivery. Although several processing plants use electricity and other sources of energy to power...
Why is perfect competition often described as the “ideal” market structure? The concept of competition has a twofold application in economics. First, in certain settings, firms compete with each other to take the largest share of the market. Second, in other settings, the decisions made by buyers and sellers do...
Differences between Transnational and Global Organizations Transnational organizations and global organizations differ because of their organizational structures and nature of operations. Transnational organizations are perhaps the most complex types of organizations because they have a greater level of investment in foreign markets, as opposed to global organizations, which have minimal...
Gross Domestic Product This is the total market value of all final goods and services produced within a country in a year. It shows the size and value of the local economy concerning other economies and is considered an indicator of a country’s living standards. GDP can be determined through...
Introduction The global trade imbalance is the situation that arises when the imports and exports of nations do not match. The balance of trade between nations is contributed by all the economic connections that exist between nations and the trading connections that go on between the people of the different...
Much has been written on the impacts of the US mortgage crises on the global economy. Financial experts have warned that the impacts of the US housing and financial crises might persist if the necessary policies are not implemented (Kolb 6). As a result, adjustments in the financial institutions have...
Introduction Globalization is defined as the integration of people, countries, ideas, and culture. Globalization has allowed a massive expansion of companies and economies. For example, a company that was initially only based in Canada can now open branches in other parts of the world. Globalization is not as black and...
Key Drivers of Globalization Globalization refers to the increased interdependence among countries; this interdependence has resulted in the international mobility of goods and services, capital and technology (Johnson and Tuner, 2009, p. 21). The development of globalization, like any other occurrence, has been driven by several factors as discussed below....
Economic shocks Several events occur in an economy and they are likely to cause a significant effect on the economy. Most of these events are erratic while others are predictable. In some cases, they take place outside an economy while their consequences are felt in the economy. These events are...
Introduction Comparative advantage refers to an economic theory that depicts the ability of an individual or a firm to produce services or goods at a lower opportunity cost in comparison to other competitors in the same industry. Firms that have the comparative advantage over others are associated with lower marginal...
Introduction Globalization has revolutionized the world in many aspects. In this paper, the effect of globalization on individuals as well as the society as a whole will be discussed in details. The work will be guided by the data collected to help in understanding the topic globalization in the market...
Introduction International management is the administration or management of a company that operates businesses in more than one country. The administration of businesses that have branches within the same country requires basic administration skills; however, international management requires intensive knowledge and skills. International management requires the managers to master the...
Introduction The focus of this paper is to provide a report of the question which requires analysis and explanation of the changing trends in FDI since 1990. The paper will be divided into four main sections to answer the question. The first part seeks to define the general topic at...
Concepts and Their Significance for the Preparation of Financial Statements Every business needs to make a report structured as financial statements describing its financial position of a given period. Financial statements can be prepared on an annual basis or semi-annually. The four main financial statements that must be prepared include;...
Introduction The expansion and connectedness of production, communication, investment of funds and expertise by business organizations across the globe through interlocking economic and cultural activities continue to widen the gap between low and high-income nations. In other words, the purported free trade has increased the gap in terms of development...
Introduction The United States of America and Canada have had long term trade links. One of their major trading activities has been in the softwood lumber industry. For example, in 2005 Canada exported softwood lumber worth 8.5 billion U.S dollars to U.S. This trade is of great significance to both...
Introduction Nations demonstrate the aspiration to ensure that the living standards of their citizens are appropriate and their capacity to play in the regional and global economic arena remain secure. The United Arabs Emirates is included in this phenomenon with the trade, production, distribution, and consumption of products in the...
The activities of Multinational Corporations (MNCs) affect both the host countries and international economy in several ways. It is obvious that MNCs are largely motivated by the desire to boost profitability when they engage in overseas direct investment (Kumar 700). However, the definite impacts brought to host countries by MNCs...
Introduction The crisis first started with the crush of prices in securities which were dependent on the US real estate. There was reduced availability of credit where many major firms filed for bankruptcy while other firms collapsed (Doyran 23). Credit tightened and consumer confidence declined in all stock markets of...
Introduction The world, two years ago faced an economic setback when recession hit most of the countries in the world affecting the financial crises, the effects of the banking and mortgage problems are still being felt up to today. Governments are being bailed out to prevent spillover effects in neighboring...
Background Banking industry provides financial products and services to wide range of customers such as; individuals, SMEs, institutional investors as well as corporations within international market. Bank of America is one of the biggest banks in United States banking industry owing to its asset base, especially after acquisition of Merill...
If the demand for corn increases due to its use as an alternative energy source, what will happen to the supply of corn’s substitute such as soybean? Assume that, besides being substitutes for one another, corn and soybeans require the same raw material, such as the same farm land. Think...