“Explain and concept of ‘peak oil’, and outline the possible consequences of peak oil for the global economy” The theory of ‘peak oil’ refers to the inevitable peaking and consequent decline in the amount of oil produced in any nation throughout the world. The term ‘peak oil’ usually refers to the time when the maximum rate of global petroleum extraction is reached after which a terminal decline in the rate of production occurs (Heinberg, R. 2003, pg. 97-98). There is an ongoing debate about when
what brought on the financial crisis of 2008. One of these views are that of global imbalances. On the one hand, the United States have an extremely large current account deficit. On the other, there are countries, especially oil-exporting economies and China in particular, with large current account surpluses. The concept of global or external imbalances is often seen as a synonym for this situation. The definition of global imbalances is often vague. There is not one clear definition as it tends to
Module Title Issues in Global Business and Strategic Concepts Module Code 6IM 501 Module Level 6 Credit value 40 Total Number 400 of Learning Hours Key Words Implementation of Global strategy, strategy and the organisation, strategic development, globalisation, international business and the environment, internationalisation. Module Description There has been a fundamental shift
The International Political Economy in the 1970s The article that is going to be reflected in the following paragraphs attempts to describe the connection between the Cold War and the transfigurations of the political economy throughout that time period. In doing so, the article, “The Cold War and The International Political Economy in the 1970s”, examines various forms of scholarly literature on the topic. Often times, the Cold War and international political economy are disconnected, but this
Who are the most important actors in the global political economy and Why? Ipe is about culture and society as well In all spheres and society is also a Unequal relationship of society is basis of Introduction/thesis statements: Global Political Economy is essentially a study of a political battle between the winners and losers of global economic exchange. In fact, understanding global economy relies on a clear knowledge of the process of political competition. Political power possessed by actors
each other effects not only their domestic economy but the global economy. What is the best method for states to approach the global market; should states accept the capitalist free market or utilize different models that are out there? Purpose Statement: The way that states approach the global market is very different from each other. Most of the biggest and successful economies in the world utilize similar economic models when addressing the global market. Their domestic and foreign economic
Indeed, the sharing economy known as collaborative consumption. It is a trending concept that highlights the skills for individuals to rent or borrow the goods as compared to purchase them. Without a doubt we can say that 2013 is a sharing economy year. (Forbes, 2013) The concept of the sharing economy is following below: Accommodation sharing: Airbnb has not only opened the doors for the alternative way in the perspective of travel, but it has forced cities to follow-up their housing codes and
In today’s global market, China is one, if not the world’s most important player. When China’s economy is doing well, the majority of the world’s economies tend to do the same. When China’s economy is slow, the rest of the world usually follows. At the start of the 2016 year, China’s stock market declined by 7% (Best). Stock markets in Europe, Asia, and the United States quickly followed the trend. It is clear that when China slows down, its trade partners follow. China affects a lot of countries
The Great Recession of 2008 was a worldwide economic downturn that impacted the global economy. Economists consider the economic decline as one of the most damaging recessions that occurred since the Great Depression of 1930’s. Several documentations and research regarding the recession have been made to make a better understanding of the economic downturn in 2008 as well as the global economy as a whole. The book used as reference in this essay, the Diary Of A Very Bad Year: Confessions of an Anonymous
While Global businesses operate in overseas markets there is often a risk, the risk is referred to as political environment risk, and these factors can facilitate or hinder business operation. Some of the political factors that affect international business include” (Justin Ervin. & Zachary Smith A.2008). One significant political environmental factor that influences international business operation is trade agreements. Countries frequently enter into trade treaties to further facilitate trade