Economics : Business & Finance
The French Revolution etymological origins of Sauvy's Third World coinage were completely shorn off when the term Fourth World came into currency in the 1970s, though the original usage did stay consistent with his use of Third World. As originally coined, the Fourth World consists of stateless
It's the truth, around the world today every country seems to be experiencing economic troubles the likes of which have never before been seen. Understanding the causes of current global recession and inflation is the first step in arming yourself with the knowledge you need to protect. Continu
Marx's theoretical work along with his empirical inquiries led him to the discovery of "scientific laws of development" illuminating stages beyond capitalism. His theory relied on the concept of historical materialism involving the analysis of the past as well as future developments.
Unless regulators begin to levy stringent regulations, said Roubini, the asset bubbles that are already forming may push the U.S. economy into a "double-dip" recession soon. His warnings came as he demonstrated how assets such as gold, oil, food and energy have been riding "a wall of
If things began to totter in 2008, it appears that 2009 will be the year that they eventually plunge. The evidence is all around us: Banks, victims of their own hubris and greed are on life-support, requiring fresh injections of capital in the form of massive government bail outs just to stay afloat
Government interest rate manipulation and inflation are the two main reasons for the crisis being experienced now. And the solutions that have been offered so far are simply more rate manipulations and inflation. This is like a doctor giving a patient a medication he is violently allergic to, and th
Recently the US the current account has reached an unprecedented level, reaching nearly 6% of GDP. Despite the record levels of deficit many in the US administration have argued that there is nothing to worry about, confident the US will continue to receive capital inflows to finance the deficit.
The recession or depression if you prefer to call it that, which began in housing has now spread to households and consumer spending which is the largest part of the economy is believed to have dropped at a 3.5 percent pace last quarter after slumping at a 3.8 percent rate during the previous three
What exactly is a recession, and are we presently experiencing one?The differences between a recession / a depression and understanding them.
The buzz about the unemployed being discriminated against is ridiculous. Especially during such difficult economic times. What is one to do if they're unable to work, how do you feed your family, or even have a descent place to live. Discriminating against the unemployed is a terrible things th
Peter Orszag has an educational and professional career that spans decades, and in this time he has put his time and effort into saving the American and even the global economy. His academic work while representing numerous administrations have helped keep the American economy on track.
Bailing out the car companies might seem like a good idea, but in reality, is it something that we really should be doing or, instead, should we let them file for bankruptcy? Furthermore, would the economy survive if this did happen?
Despite the economic downturn, remittance flows between the Gulf Cooperation Council and the Southeast Asian migration corridor have remained relatively strong and resilient-and, in some cases, have continued to grow. Part of the reason is attributable to the rebound in oil prices, which sustained e
1859: Charles Darwin publishes "The Origin of Species," a book describing how the strongest, fasted, and smartest survive to, over thousands of years, evolve our species through sexual reproduction. 150 years later, in 2009, we celebrate this book with a devastated economy, due in no small
Many Britons are putting themselves under unnecessary financial pressure, new research indicates. In a study conducted by the Motley Fool, the typical consumer is reported to have about two or three credit cards, with a fifth of these borrowers carrying over 1,137 pounds in debt each month.
Here are the three things you MUST do to "bite the recession" without losing financial ground.It won't make any difference whether you are male or female, employer or employee.
The article provides findings of a research study focusing on the factors affecting luxury consumption practices in the UK and India. It shows similarities and differences in consumption practices among consumers in both markets.