Financial Crisis in Greece

Ever since it joined the Uerozone, Greece has not been able to reduce its expenditure and likewise the country has been unable to reform its economy and this has resulted to financial crisis. This situation has been worsened by the global recession and according to Times & Sunday Times, the coun... >>

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IFRS

On April 2010, FASB and IASB issued a report on the progress of the merging of IFRS. The decision whether to completely merge the two will be announced by SEC in 2011. SEC will then allow a period of four years for full transition into IFRS. In the event that SEC agrees to incorporate IFRS into the ... >>

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Wal-Mart

From a small retail store in Arkansas to a renowned giant retailer globally, there is no doubt Wal-Mart is at the peak of its success. It has been the choice of every consumer in the market owing to its cheap prices. In deed, this is secret behind its success for the past decades-setting prices low... >>

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Economics

Question One Although it is imperative to not that recession affects all the people in a given economy negatively, economists have established that recession can be gender-biased. Lehr observes that the recession in the year 2008 exposed American men to the loss of over 700,000 jobs while their wome... >>

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Monetary Unions: European Monetary Union and Others

Monetary unions are becoming more common in the world today. They are being used to create open markets and strong economy blocks. According to (Paul Volcker, 2002), a monetary union is a group of countries sharing a common currency. More often than not, the countries share geographical boundaries a... >>

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Southwest Airlines Case

Introduction Since the invention of the aircraft during the period before and after the infamous world war, air travel has tremendously changed the way people live and carry out their business across the globe. Over time, the various inventions that have been witnessed in the airteravel industry hav... >>

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Linear Economic Data

Introduction Perhaps, the widely acceptable economic data is that which is linear. In most cases, people would like a change that corresponds with the input in an economic system. For this research, the main focus is on; The Classical Model, the Keynesian IS/LM and the Mundell-Fleming Model, in the ... >>

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In the News Today

The recovery in the economy has been reported to have experienced a bump .this is evident from the report on the rate of jobs going down in May and it is causing the business community to be amazed if there is another economic recession. Though the government is adamant that there is not going to ... >>

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Foreign Trade Issues in California’s Economic Growth

Introduction Global trade is definitely of utmost significance to any country’s economy let alone that of California. Estimates point out that California exports, as a share of all goods and services produced and exported from the USA have decreased from 11.4% in 2009 to11.2% in 2010. This transl... >>

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Economics of Social Issues

Introduction Over the past decades, globalization has gained importance as a factor responsible for growth of Poland’s economy and other economies across the globe. Poverty is the major problem facing many nations in the 21st century. Globalization has greatly influenced the poverty level, inequal... >>

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Depression in USA

The great USA depression that occurred in October 1929 led to loss of people’s life savings, confidence in the market, minimized spending and low production of business firms. Among the factors that caused the depression include debt deflation, wealth inequality, ill-regulated markets, and structu... >>

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Doing Business in China on Emerging Markets

Introduction Emerging markets accounts for almost two-thirds of the world’s population and over 20% of the world’s GDP. These represents a varied group of economies and the social order; these markets are significant for testing ground for theories, models and perceptions of intercontinental bus... >>

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Aspects of Globalization

Introduction Globalization is explained as the increasing unifying the world’s economic order through the reduction of any barriers to trade internationally. The barriers may include import quotas, export fees, and tariffs. The main objective is to accelerate services, goods, and material weal... >>

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Macro Environment Influence On Nokia Corporation

Introduction The world we live today has really changed compared with the one that man lived some few decades ago as a result of advancement in science and technology. All facets of life ranging from political, economical and social have all changed completely in one way or the other. The world is c... >>

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How to Fix Unemployment

Unemployment is the state of being jobless in spite of being willing to work and having actively looked for a job for more than one month. The rate at which the level of unemployment is escalating in the United States of America is frightening and that calls for immediate action to rectify the situa... >>

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