Essays on Economic Development

We are in the era of Globalisation, a process that facilitates the integration of all economic activity into a global market place (Guttal, 2007). One of the main tenets of globalisation therefore is the practice of free trade. Free trade is defined as the import…

Introduction An economy is the state of a country or region in terms of the production and consumption of goods and services, and the supply of money. Today, Singapore is one of the top-ranking countries in terms of economy. However, this was not always the…

Volunteering at a local soup kitchen in Kuala Lumpur highlighted the myriad of problems created by living below the poverty line and the stark contrast in lifestyles and wealth. While reading Scarcity by Sendhil Mullainathan and Eldar Shafir, I began to understand how poverty diminishes…

This report focuses based on the concept of financial accounting disclosure and reporting. The study addresses different aspects of financial accounting disclosure and reporting such as methods of disclosure, adoption, and application of IASB by member states, and how owners’ equity is affected by respective…

Nowadays, there may be an incredible kind of economic improvement in the global. This paper is going to analyze which brings such sort of distinction and if viable, in the destiny, to boost up faster financial growth. Right here, many decisive and influential elements were…

I enjoy studying economics at both a local and global level. Prior to reading Inequality by Anthony Atkinson, I held the view that complete equality was the aim. However, since reading his book, I realize that economic inequality itself cannot be “solved” – there will…

Having been born in the UK, with parents from India, a country where an uneven distribution of income is common, I have encountered both the privileges within Europe and the poverty existing in India. Such differences have driven me to seek an understanding of the…

I enjoyed reading “The General Theory of Employment, Interest and Money” by John Maynard Keynes, where I began to see how seemingly rational decisions made by individuals, such as saving in times of recession, could cause significant fall in aggregate demand and consequently lead to…

Cargo shipping is one of the biggest industries in the world. Cargo shipping is the act of transporting freight from one place to another in bulk, using large ships. Cargo ship companies move $4 trillion worth of product each year and face many difficulties while…

In the article “OECD Economic Survey: China Overview”, (2017), provide an overview of China economic which concludes in 3 major areas. First is managing the gradual slowdown, as the population ages and the economy moves from investment to consumption, from external demand to internal demand…