Essays on World Economy

Introduction As one of the world's leading economists today, Joseph E. Stiglitz's perspective on a number of subjects can never be discounted. He has distinguished himself as a dynamic intellectual, and his Nobel Peace Prize for his contribution to economics is a testament to his one-of-a-kind contribution in the field. However,...

In today's global economy, there are many business models. Perfect competition, imperfect competition, duopoly, oligopoly, and many others are examples. Many of these industry structures are influenced by different settings and modes of action. They are both affected by demand and resource rivalry. The optimal market competition and the imperfect...

Global Business and Cultural Perception Global business is prevalent in the economy nowadays, and many companies choose to work as international firms. This is the reason why cultural perception is being improved, and people can communicate more with each other. What is more, global businesses encourage the interchange of original ideas...

The Great Depression: A Historical Overview The Great Depression is a book written by Pierre Beston, a Canadian author born on July 12, 1920, who has been described as Canada's most influential and prolific nonfiction author. It was formally published in 2001 in Toronto as a textbook and received over a...

Aquaculture is described as the farming of aquatic organisms. This practiced has been regarded to as the agro-industrial endeavor with the highest economic growth rate in the world for a time relationship back about 4 decades. Since 1970 until 2008 aquaculture thru the production of aquatic organisms has grown at...

In August 1929, the American economy began to contract. The Great Depression, which began on October 29, 1929, was the world's worst economic downturn. It was marked by the lack of land by farmers who were homeless, as well as the collapse of financial markets. Banking processes deteriorated, and factories...

The Great Financial Crisis of 2007-2009 is widely regarded as the worst of its kind in postwar history, with economists claiming that it is only equal to the Great Depression in terms of magnitude and duration. The fear of this aspect has necessitated the need to make parallels between the...

The term "capitalism" The term "capitalism" defines an economic system managed by private individuals motivated by gaining profits. The idea's advocates envisioned an ideal scenario in which all people have capital or labor that they can offer in return for goods and services to fulfill their needs. Notwithstanding its tremendous success,...