sManBal1e_CH19 02/09/10 5:36 PM Page 537 CHAPTER 19 Financial Crises There was a time when the credit markets had essentially frozen and when blue chip industrial companies were having trouble raising money. I knew then we were on the brink...We easily could have had unemployment of 25 percent.” —Henry M. Paulson (former Treasury Secretary)‚ commenting on the state of the U.S. economy in 2008 hroughout this book‚ we have seen that many kinds of shocks can decrease an economy’s output
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ECONOMICS ANALYSIS FOR BUSINESS UNIT – 1 1. What is Economics? Economics is the science which studies human behaviour as a relationship between ends and scare means which have alternative uses. 2. Definition of economics According to “Adamsmith” Economic is a social science the deals with human behaviour pertaining to production‚ Exchange and consumption of goods and services. 3. What are basic concept of economic? * Resource allocation * Opportunity cost * Diminishing marginal
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Herodotus was a Greek historian whose work encompassed Western civilization involving conflicts between Greece and the Persian Empire. There were many differences between the Greeks and the Persians. For instance‚ the Greeks struggled to find freedom during 480 B.C – 400 B.C. They were determined to train their soldiers‚ especially Spartan warriors‚ to be brave‚ courageous‚ and strong for defensive purposes from Persian invasion. On the other hand‚ the Persians differed from the Greeks because they
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Eini Laaksonen Political risks of foreign direct investment in the Russian gas industry – The Shtokman gas field project in the Arctic Ocean Electronic Publications of Pan-European Institute 14/2010 ISSN 1795 - 5076 Political risks of foreign direct investment in the Russian gas industry – The Shtokman gas field project in the Arctic Ocean Eini Laaksonen1 14/2010 Electronic Publications of Pan-European Institute www.tse.fi/pei 1 Eini Laaksonen is Research Associate at the Pan-European
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BANGLADESH Md. Anwar Hossen‚ Department of Economics ‚ Shahjalal University of Science and Technology‚ Sylhet‚ Bangladesh‚Email: anwarbabu40@gmail.com 1. Introduction A debate has been raging in the country on whether transit facilities should be given to India or not through the land territory of Bangladesh. Some argue that it should not be given unless some core bilateral issues with India are resolved‚ while some have advanced the view that transit is an economic issue for trade facilitation and should
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Are Political Questions All Economic? In Mark Sagoff’s article‚ “At the Shrine of Our Lady of Fatima: or Why Political Questions Are Not All Economic”‚ Sagoff debates the economic nature of political questions and whether or not they are all economic. Sagoff says they are not‚ that you cannot place a market value on many issues where morality must come first. Segregation‚ is there an economic gain from this issue‚ is there a market value based on this? No‚ economics as a science has no meaningful
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DEPENDENCY THEORY: - Economic development theorists over the last few centuries have developed models for explaining the “undeveloped-ness” of countries in the third world countries. From Durkheim to the International Monetary Fund (IMF)‚ we have‚ time after time‚ come to witness the rise and fall of development theories and their explanations for the predicament that many poor countries face. Dependency theory has (more so than others) lasted a great deal of time in the framework of the international
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Comparison Red Elephant vs. Blue Donkey You hear about them everywhere and all the time - Elections in the US. The two main parties are symbolized by the “Red Elephant” and “Blue Donkey”. This assay will compare their genesis as well as their political ethos. The Party of Hillary Clinton and Barack Obama is held in high esteem all over the world‚ especially in Europe and just because of big names like Roosevelt‚ Truman‚ Kennedy and Clinton‚ which were only a few candidates who won the
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Greek Refugees in Poland The 2011 census in Poland showed that only 0.15 % of the country’s 39 million people are foreigners; 1‚5% are representants of other nationalities but holding a Polish passport (www.stat.gov.pl). Polish people constituted 65% of the population of the country before World War II. This situation changed dramatically after WW II. Firstly‚ as a result of the war‚ Poland lost its Jewish population (before the war: 10%); under the terms of the Congress in Potsdam‚ 2.5 million
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Methodology of Political Science Objectives: At the end of my report my classmates should be able to: 1) Understand the current fields of study of Political Science in which most political scientists work. 2) Differentiate the Relationship of Political Science with other Disciplines‚ especially among those in the social sciences which is closely linked with one another. 3) Apply the different methods of Political Science used by political scientists for the study of institutions
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