Mergers in the World Economy . "Monopoly is a great enemy to good management which can never be universally established but in consequence of that free and universal competition which forces every body to have recourse to it for the sake of self-defense" (Smith, 1776: 63). Adam Smith found that monopolies were a negative aspect for an economy therefore supporting competition among firms in order to protect one’s firm. Competition policy affects the nature of firms and policy makers in…

The Impact of OPEC on the World Economy The Organization of Petroleum exporting countries, better known as OPEC, is one of the most recognized cartels in the world. Yet, how many of those who can recognize the name really understand the cartel. I would venture to guess not many and even fewer know about the economic impact it has upon the world. To really get a feel for OPEC one has to delve deep into the heart of the cartel. This can be accomplished by looking at the economic definition…

American Economy in Today’s World It is often wondered how the superpowers achieved their position of dominance. According to time magazine, to be a superpower, a nation needs to have a strong economy, an overpowering military, immense international political power, and related to this, a strong national ideology. Three of the articles that impacted me the most were: As U.S. economy slows down, Profits Rise in Pressure on U.S. Owned Factories in Mexico Border Zone, and last but not least Poverty…

Oil and world Economy Question: Examine the oil industry in relation to the world economy, utilising any economic theory / theories you think appropriate. One of the most important energy resources since human invested the machine is oil and its products. But as all resources scarce, oil is limited even more. Only few countries in the world have oil fields and produce oil for the rest. Therefore, in nowadays where factories, cars and oil-fired central heating increased significantly…

Integrating Women into the World Economy Introduction On November 9, 1989, the world’s economy changed dramatically. The fall of the Berlin wall produced a new world order which enabled states to connect on political, economic, and social levels with nations that were previously inaccessible to the western world. This created an interaction across national boundaries. The past two decades have seen the growing economic interdependence of countries worldwide, including an increased volume…

Globilization and the World Economy Globalisation in general means the effort of a company moving into other territories (outside the national boarders of a country) to sell its goods and services to increase profits as a result of expansion. Globalisation incorporates both opportunities and risks which change the way businesses are managed worldwide. It brings about a well-diversified portfolio for such a company. This is because the company is guarding itself from…

Proponents of a world-scale hydrogen economy argue that hydrogen can be an environmentally cleaner source of energy to end-users, particularly in transportation applications, without the release of pollutants like particulate matter and carbon dioxide. However hydrogen continues to have technical obstacles associated with it, including storage issues, due to the fact that hydrogen has a high energy density by weight, but has a low energy density by volume when not highly compressed or liquefied.…

China’s Role in the World Economy Abstract This paper aims to discuss China’s role as a major player in the global economy and the impact China will continue to have on the global economy. This paper will offer a summary of two articles entitled, China Pushes for Bigger Role in Reshaping the World Economy and Singapore sees India, China Role Growing, which discusses China’s transformation into a dynamic private sector-led economy and its integration into the global economy. I will also offer my…

BRIC Countries and Their Role in the World Economy Brazil, Russia, India and China are increasingly becoming significant economies and sources of power in the global world order, and it does not make sense to put them on the same level as other developing countries, such as South Africa or Mexico. These four countries have made important investments in multiple areas, such as infrastructure, governance, domestic institutions, social programs, and production that put them at an advantage compared…

Abstract from Paper World War II created many issues on a world wide scale, two different forms a government were fighting for influence. This created a divide between communist countries and democratic counties which set up the Cold War. This divided world created a globalized economy unlike ever before, one with communist countries and one with democratic. All the countries of the world, of each government type, were interconnected and dependent on each other. The countries of the opposite group…