you assess political risk? What are its consequences? How can a firm manage political risk? What is micropolitical risk and how does it affect international business? Political risk assessment can be done as simple as conducting an online research yourself‚ or by hiring experts and consultants familiar with the host country. They are able to inform the likelihood of political change and develop possible scenarios for future political conditions. Another form of assessing political risk can be
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History of economic thought History of economic thought The history of economic thought deals with different thinkers and theories in the subject that became political economy and economics from the ancient world to the present day. It encompasses many disparate schools of economic thought. Greek writers such as the philosopher Aristotle examined ideas about the art of wealth acquisition and questioned whether property is best left in private or public hands. In medieval times‚ scholars
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decline with Global Economy Crisis. Property prices began to fall. Now there are about 600 empty housing estates in Ireland. Houses were never sold. A lot of them were unfinished. Unemployment doubled in 1 year. The jobs in construction were hit the most. Mortgage holders are unable to pay their mortgage‚ but the loans taken by mortgage holders and developers now must be repaid by taxpayer. Irish government made a decision to bail out the Banks and seek a loan from EU. During the Celtic Tiger Irish
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Mohamed Waheed Does Political Corruption affect Economic Growth in Transitional Democracies? The call for democracy in the name of economic growth and prosperity has never been louder than it is today. Recent movements such as the “Arab Spring” are attempts to establish a democratic system of government in countries where authoritarians‚ bribery‚ and abject poverty are widespread. According Nye (2009)‚ a professor of economics at Washington University in St. Louis‚ economic growth has a direct
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The economic objectives of individuals‚ firms and government. Economic Objectives of Firms Profit maximization Profit maximization is the process of obtaining the highest possible level of profit through the production and sale of goods and services. Profit is the difference between the total revenue a firm receives from selling output and the total cost of producing that output. Profit-maximization means that a firm seeks the production level that generates the greatest difference between
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What were the economic and social results of the agricultural revolution? Agricultural revolution often called as Neolithic revolution is period when people started to produce food. Before agricultural revolution people obtained food through hunting and gathering. However during the agricultural revolution‚ people learned how to produce food by farming or ranching. Thus Neolithic people could end their nomadic life. People started to settle in one place. Also thanks to the agricultural revolution
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Porter’s Five Forces – Competitor Analysis Michael Porter’s five forces is a model used to explore the environment in which a product or company operates to generate competitive advantage. Porter’s Five forces analysis looks at five key areas mainly the threat of entry‚ the power of buyers‚ the power of suppliers‚ the threat of substitutes‚ and competitive rivalry (advantage). Michael Porter’s Five Forces: New Entrants Suppliers Industry competitors and extent of rivalry & advantage Buyers
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Throughout history‚ European countries have always been at war with each other and sometimes‚ these conflicts could escalate to involve the entire continent. One of the most infamous wars that involved Europe was World War I‚ and the scale of the war shocked Europe along with the rest of the world. World War I had many economic‚ social‚ and political causes‚ and many things happened because of this war. Nations fought in this war to solve many of the issues that caused it‚ but it did a poor job of
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time. Firms in the 20th century is always on the process to research and development‚ to add value to the products and services that they offer to their customers‚ so as to create sufficient competitive advantage to allow them to stay in the relevant industries. This aim also meant that firms have to spend much of their accounting budget into research and development. However‚ these costs are inevitable as firms stand to lose if they are not innovating enough. The government provides firms with
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Indonesia’s Current Economic Condition Indonesia is a country where many things are highlighted and noticed by people around the world. One of the topics is its economic condition. Many experts‚ domestic or international‚ have been taking notes on Indonesia’s economic trends and are making forecasts on how Indonesia’s economy will be in the following year‚ including this year’s economic condition. This essay will describe the status of Indonesia’s current economic condition‚ its challenges‚ and
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