Economics

General Systems Theory and World-Systems Analysis

General Systems Theory and World-Systems Analysis This paper explores the relationship between general systems theory and world-systems analysis. General systems theory was developed by Ludwig von Bertalanffy (1950). The concept and application of world-systems analysis were developed by Immanuel Wallerstein […]

Economics

Nine Macroeconomic Reviews

Nine Macroeconomic Reviews 1. America Is Considered a Rich Country because Americans Can Choose from an Abundance of Goods and Services. How Can There Be Scarcity in a Land of Abundance? There can be scarcity in the United States, a […]

Economics

Japan’s Contribution to the World Economy

Japan’s Contribution to the World Economy JAPAN’S RISE TO THE STATUS OF ECONOMIC SUPERPOWER,AND THE JAPANESE CONTRIBUTION TO THE WORLD ECONOMY This research reviews the development of the Japanese economy over the past 300 years, and assesses the country’s contribution […]

Economics

Income Inequality in the United States

Income Inequality in the United States Income Inequality in the United States The rich get richer, goes the traditional saying, and the poor get poorer. This saying embodies two implicit economic assumptions. One is that the social community as a […]

Economics

FOREIGN EXCHANGE RISK

FOREIGN EXCHANGE RISK Foreign exchange rate risk involves the potential for exchange rate changes to harm the financial position of a firm involved in global operations. Transaction exposure concerns the extent to which a firm’s transactions are affected by currency […]

Economics

Foreign Aid to Alleviate Third World Poverty



INTRODUCT

Foreign Aid to Alleviate Third World Poverty INTRODUCT This research examines the arguments for and against the use of foreign aid as a means of poverty alleviation in the Third World. Within the context of this research, foreign aid may […]

Economics

European Monetary Union Issues

European Monetary Union Issues If the European economy is to achieve the objectives set out for it by the European Commission in 1998 (Ciminero & Vietor 1), then soaring deficits must be controlled and the trajectory of the euro must […]

Economics

The Sumitomo Bank of Japan in California

The Sumitomo Bank of Japan in California The Sumitomo Bank of Japan’s operations in the North American region are conducted through the Sumitomo Bank of California. The Sumitomo Bank of California operates 46 offices within the State of California, and […]

Economics

The Federal Reserve Board

The Federal Reserve Board The Federal Reserve Board (Fed) is the chief architect of monetary policy in the United States, and the Federal Reserve System is the closest structure that the United States has to a central bank system. The […]

Economics

RICARDO’S THEORY OF VALUE

RICARDO’S THEORY OF VALUE Any discussion of David Ricardo’s theory of value requires a consideration of the broader spectrum of Ricardian economic theory. Of particular significance in this context are those theoretical constructs related to production, prices, and growth. Ricardo […]