Essays on World

The U.S has accused China of stealing their ideas and calling it economic espionage. These claims are caused by the China’s requirements that foreign firms who want to invest in their vast market to share technologies with the local firms. The result is U.S has continuously criticized the Chinese for...

About twenty-five years ago, China’s main concern was that it had a very high birth rate, too high to provide support for. As China limited its birth rate and introduced a birth control policy this matter came under control. However, as a result of the one-child policy, China has a...

Economic policies are the systems used by governments to make interventions in the economic well-being of their countries. Recently, various major economies in the world have redeveloped the fundamental economic policies due to the several macroeconomic issues experienced worldwide over the last decade. The financial crisis in 2008 and the...

As of June 2018, the Australian economy had beaten expectation to post a big economic growth. According to data from RBA the country’s economic growth was at 3.4% (Hutchens, 2018). The aggregate supply statistics from the Australian Bureau of statistics show that exports contributed largely to the economic growth with...

All countries in the world, regardless of their economic developments face educational, social and political challenges. The two terms first world and third world countries were crowned to identify and classify nations by social, economic and political challenges they face. There exist enormous disparities between developing and developed states (Caliyurt...

Q1. Definition of Minimum Wage According to the Economic Theory Minimum wage is an economic principle specifying the least amount of remuneration that firms must provide to their workers in exchange for their labour over a given period of time (Abott, 2012). In most cases, the labour legislation is measured per...

The Growth of Dubai as a Tourist Destination For the last 40 years, Dubai has established itself from a small fishing country to one of the rapidly growing tourist destination, thanks to the development of impressive projects. In the early 1970s, Dubai was regarded as one of the least resourceful city-state...

The Supply of Money and Government Intervention The supply of money in the economy can either steer growth or lead to inflation. Therefore, governments tend to regulate the circulation of the currency to stabilize the economy. Monetary and fiscal policies are powerful tools that are very powerful tools. However, other instruments...

In the article “Homelessness has a black face” in the HuffPost, the article states that the scale of homelessness in the United States is reaching an alarming, especially among the African Americans. In the state of California, the number of homeless people has reached critical mass mainly due to unemployment...

Since education forms one of Texas' largest expenses, I think it is time to reform Texas' education/ budgeting system. Education forms the foundation of an informed democracy like Texas and the key to lifelong opportunities. Therefore, Texas relies on its education system to promote shared responsibility, as well as create...

The article, Saying Sayonara to the Farm: Hierarchical Bayesian Modeling of Farm Exits in Japan The article, Saying Sayonara to the Farm: Hierarchical Bayesian Modeling of Farm Exits in Japan, addresses the issue of farm exit due to off-farm opportunities of employment. Agriculture has been frustrated recently by the overwhelming rural-urban...

Q1). How does tariff affect the global trade with China? Trade tariff is basically a tax that is levied on goods that are imported in a country. Tariffs are widely known to be a severe economic policy that a country can put into act. It therefore means that such tariff policy...