Essays on World Economy

The main aspects of the future economy are sustainability and competitiveness. First of all, for Singapore’s population to be sustainable in the future, it needs to have a continuous growth or just a maintenance. However, Singapore has a low yet falling Resident Total Fertility Rate, which fell from the peak of 1.96 births per female in 1988 to 1.16 births per female in 2017. (Department of Statistics Singapore, 2018). And this has contributed to an increasingly ageing population. By 2030, ...

Napolean Bonaparte once said “China is a sleeping giant. Let her sleep, for when she wakes she will move the world.” Many people argue that the time has arrived when China will indeed move the world and gain its status and power similar to the USA. Belt and Road Initiative (BRI) is an initiative undertaken by China to boost infrastructure and economy around the globe. BRI is a broad term which primarily consists of three different developments. Silk Road Economic Belt (roads), 21st Century ...

Universal basic income is generally recognised to be one of the most progressive policies that a government could implement. However, there continues to be several questions whose answers are not widely known which impede the way for similar policies to move forward. This presentation will explore ideas such as what universal basic income actually is (a question which is surprisingly hard to find a precise answer for), the origins of the basic income, other jurisdictions that have passed some ...

On November 11, 1918, the war had officially ended for the quarreling countries (Germany, Britain, Russia/United States, Italy, France, Austria-Hungary, etc.). While the war was going on, everyone believed that Germany would win the war, but that turned into a big assumption. Towards the end of the war, Germany decided to accept the defeat, which came to a shock for everyone. On June 28, 1919, A treaty called The Treaty of Versailles was written by the league of nations (A league made up of ...

In the 20th century where several countries provide its citizens access to high quality and low-priced goods. Where some countries enjoy efficiency and innovation while some countries are still found to be struggling to rise. I often wonder considering the situation of countries such as Zimbabwe and Afghanistan that why do some countries have the privilege of relishing all the facilities while some countries enjoy none. This question kept revolving in my mind until I realized that the answer ...

To the era that started in 18th century, focussed only on harnessing maximum value from the labour in order to maximise production. There was no separation between the state and business. Therefore, humans were autonomous giving rise to free will. Classical political economy as a school of thought can be seen existing even today where China and India are keen on industrialisation to the extent that labour is exploited at an alarming rate. In India farmers still face exploitation at the hands ...

Foreign Aid has been a major issue in the world’s political system for years. With some believing that the aid should decrease or stop and others pushing for it to stay or increase, nobody seems to win. With the help of the readings, it became clear that foreign aid should be increased in most countries because it grows developing countries by providing medical care, food, and political structure when they could not originally acquire it. When looking at why the U.S. should increase its ...

Counterfeit goods are manufactured, distributed, and consumed at an high rate around the world. Counterfeit product are the global issue which have a impact on every society and also leave negative effect in economy of the country r even the world economy. One of the factor for rapid growing of counterfeiting market is advancement of technology and globalization. The exact size of counterfeit market is not clear Due to the nature of market. Although the estimation shows that counterfeit market ...

This position paper will take on The Republic of Korea’s stance towards the issues of renewable energy and access to education in developing nations As more and more resources such as oil and water are being depleted by our unrestricted consumption, it is imperative that the world’s governments establish a plan to implement and develop renewable power sources in an effort to conserve our rapidly dwindling resources. According to calculations made by Gilbert Masters, Stanford Professor of ...

The global economic environment is always changing. Central to this observation is an appreciation of the economic impact regional and international trade has had on world regions. This phenomenon is mainly attributable to the adoption of free trade economic policies favoring such trade. NAFTA (North America Free Trade Agreement) is an exemplifies the significance of such commerce. A closer analysis of its history reveals relatively positive and negative impacts. NAFTA owes its origin to ...

Foreign Aid is a term we hear a lot in the news, especially now with all the talk of the United States stopping the distribution of it to certain nations. However it’s something most people don’t have a clear understanding of and they just support whatever their preferred political party says, moreover, many people believe that the money their country sends over to other countries isn’t being utilized to help said country. I feel that this is an important issue that divides people even ...

Infrastructure is the backbone of our economy, diligent and orderly management of these assets is vital to strengthening our economy by creating more jobs, delivering public services at a high level and increasing overall efficiency of the society. Infrastructure asset management is a process of making optimal decisions regarding acquisition, building, operating, maintaining and disposing of infrastructure assets in order to maximize utility. The end result is greater public satisfaction and ...

Our national debt not only reflects our credibility as a country, but also demonstrates how responsible of a country America can be. This debt should most definitely be either drastically reduced or completely eliminated so that our government can prove, not only to the American people, but to the world that we can be fiscally responsible. Most people would think that the national debt was a problem only recently started when the housing bubble collapsed in 2008, but it actually goes back to ...

Before the Great Depression, factory owners and executives earned more than their workers. The wealthy owners then had more investments in the market, resulting in the top earners remaining wealthy and in power. From the great depression to modern times, Keynesian economics have shaped our economic theory, social life, and views of the market. Keynesian economists proposed reducing interest rates and investing in social projects in order to stimulate the economy. It worked after the ...

In 2017, South Sudan experienced famine, “an extreme scarcity of food” (ConcernUSA, 2018). The United States foreign aid sent 265 million dollars of assistance, including aid and emergency food and water; saving many lives. Foreign aid can be food, water, money, protection, or medical help that is provided to another country. The United States Foreign aid policy started on September 4, 1961, after the Foreign Assistance Act was passed by President Kennedy. Since then, many countries worldwide ...