Category: Economics Essay
Economic resources

Once a clever man said: “He who owns the information owns the world”. Nowadays there are so many sources of information that a person needs to study them to choose a proper one in order to find the needed information.

The International Journal of Central Banking

The International Journal of Central Banking (IJCB) is the journal dedicated to economic research. The official website of the journal is In 2004, such establishments as the European Central Bank, the Bank of International Settlements, and some other banks decided to create and support a new publication. The main goal of the journal was to study and highlight the central bank theory and the practice associated with it. It is a professional publication for researchers in the field of monetary policy and policymakers. Nowadays, the journal has 55 sponsoring organizations.

From its commencement, the sponsors of The International Journal of Central Banking provided it with highly analytical articles for a professional audience. The essential targets of the IJCB are to highlight applied research, banking policies, and other relevant materials related to central banking and researches associated with it. The journal boosts communication between various researchers and other interested parties and improves their understanding of the central bank theory.

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The acclaimed group of associated editors cooperates with the journal’s directing editor and co-editors to integrate solicitation and summarize articles from the range of fields connected to the responsibilities of the central banks around the world. The journal also provides its readers with significant information related to financial and monetary stability.

The journal is published quarterly. Central bank economists together with the non-central ones are invited to consider and comprise articles.

Being the leading worldwide publication of the central banks, the International Journal of Central Banking provides its readers with useful information. One can read the economic and financial news from the other side of the world. IJCB’s main strength is that it provides firsthand, innovative, and reliable information, which is usually reinforced with facts and figures, on monetary and financing researches that the interested parties can apply in their banking practice.

Internet Sources

To work fruitfully in the chosen field, one should use not only his/her knowledge but also apply additional sources as well. The following are four sites one can find relevant in the field of economics.

To begin with, is worth paying attention to. It a privately possessed financial company that deals with media, software, and data. Bloomberg is a worldwide Internet source. It provides readers with the latest information on business, politic, science, energy, culture, sport, entertainment, etc. Bloomberg Business, as a branch of Bloomberg Media, covers the news about economics and politics. One can find graphics, the rate of stocks and currencies, and other relevant data on the site.

The next Internet source is the Financial Times (FT). Its official website is It has readers in more than 140 countries across the globe. It provides objective information about economics and highlights the world’s key events for bankers, business leaders, investors, international entrepreneurs, students, etc. Its goal is to select the global news that the readers need to get aware of. The information the source provides is within the frames of the modern business world. is one more important source of information. It is a digital library that originated in 1995. JSTOR is available in many countries all around the world. It contains books and academic journals on different topics, especially on economics, business, financing, their theories, and history. It helps to find academic resources that would be useful in any economics research.

Lastly, the fourth Internet source is It is the glossary by Campbell R. Harvey and J. Paul Sticht. The source provides its users with the reliable and thorough meanings of both common and uncommon words and financial terms. The website contains about 8.000 terms and 18.000 links.

The Review of an Article from a Scholarly Journal

The article under analysis is “The Effect of FDI on Economic Growth and the Importance of Host Country Characteristics”. The article was published in the Journal of Economics and International Finance. It considers the growth of foreign direct investments in developing countries. The efficacy of the FDI’s influence on a developing country remains confounding. In general, the contemporary economic growth theories anticipate that FDI can become a significant catalyst of the receiving countries’ economic improvement. However, empirical studies provide equivocal results. They adduce an argument that the increasing effects of FDI are defined as tentative towards the characteristics of a host country.

The main goal of the article is to study the increasing influence of FDI in a selected pattern of the developing countries during the end of the 20th century and the beginning of the 21stcentury. In particular, it presents the investigation on the FDI’s contribution to the enlargement of the gross national product in developing countries. It also examines the dependence of such success on certain primary conditions. The author of the article finds out that FDI has a positive effect on economic growth. However, its importance relies upon the host country’s characteristics, current situation, and any other circumstances to achieve sustainable development and economic growth. As a result, human capital, infrastructure development, trade openness, domestic investment, financial market development, and institution quality present positive influence on economic growth. On the other hand, the lack of technologies has a negative impact on economic growth.

To sum up, the given work is useful for those who search the information about developing countries and the influence of different economic aspects on their growth. One may use this article while preparing projects or delivering reports.

The Review of an Article from The New York Times

There is an article titled “Greeks Wait and Worry about Next Paycheck, and Their Future” in The New York Times that may be of interest to those who study economics. Greece is an example of a dejected country with the collapsing economy. Nowadays, the country is facing a larger problem than before. They need more money to remain in the Eurozone and be able to pay their debt to the International Monetary Fund. According to the article, the Greek Government “will strike a new deal with the European creditors”.

Experiencing the prolonged crisis, today the citizens of Greece do not know whether they will receive their paychecks. All the funds are frozen, and people are disappointed. Importers have stopped their trading affairs with the country because of uncertainty. Depositors withdraw their money from the Greek banks, and money leaves the country. According to the author, tourism, as one of the means of increasing the treasury stock, loses its clients every day because of speculation and rumors around the country’s economic situation. If the IMF does not give Greece a credit, the country will have to return to its previous currency – drachma. That is the reason why tourists refuse to visit Greece.

Further, the author states that the Greek government tried to increase taxes and cut wages and pensions. He calls the money they received due to this procedure, which they intend to give back to the IMF, “pocket money”. Fortunately, in the current situation, politics refuse to use such a method. They do not want to cross “the red line”.

This article is useful for those who are interested in the global economic situation. Moreover, students studying economics can use the topic of the Greek prolonged economic crisis as a good example of the wrong steps of the government. This example may be also regarded from the point of overwhelming the crisis.

In order to use the resource effectively, one should first understand the nature of the Greek crisis and the reasons that lead to it.

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