Economics

The Austrian School of Economics

The Austrian School of Economics, which is also known as the Vienna School or the Psychological School is based on the concept of methodological individualism; which looks at how social and economic occurrences can be explained by the actions of individuals rather than groups. This concept was developed by the founder Carl Menger (1840-1921) and […]

Economics

Regional Economic Organizations

On 15-16 October 2012 the media spotlight was briefly turned on a meeting in Baku, capital of Azerbaijan, of the Economic Cooperation Organisation (ECO) ‘ a body which had almost escaped notice until then. The main cause of this flurry of interest was an unexpected encounter after the end of the plenary sessions between Turkey’s […]

Economics

Global Economic Powers

For my personal reflective essay, I have selected from the book Thinking Globally: A Global Studies Reader (2013) edited by Mark Juergensmeye, Part 2, chapter 6, East Asia: Global Economic Powers. I chose this particular chapter because it sustains a contrasting discussion regarding East Asia and its part in the global economy which alternates well […]

Economics

South Africa’s Triple Challenge Of Unemployment, Poverty And Inequality

In his State of the Nation Address 2014, President Jacob Zuma, concedes that despite the achievements of the democratic government, South Africa ‘still faces the triple challenge of poverty, inequality, and unemployment’ (State of the Nation, 2014). This triple challenge of poverty, inequality and unemployment, is the democratic government’s biggest test to date. The arguments […]

Economics

Factors That Influence Employment and Globilisation

Hameed and Nazir (2014) argue that liberalization neutralises unemployment, citing Pakistan, as one of nations where trade liberalization has helped reduce job losses. Complementing the argument, Siddiqui and Kemal (2002) state that after liberalization, employment and production increased, generating demand for labour and imports. This dropped unemployment and reduced poverty, as economic and living standards […]

Economics

Social Economics History

Living after the End of History, in which there is “no alternative” to neoliberal capitalism, defending any form of planned economic relations is seen as harmlessly anachronistic at best or outright malevolent at worst. After all, the decay and final implosion of the Eastern Bloc regimes seemed to confirm once and for all the moral […]

Economics

Globalisation as a Worldwide Economic Phenomenon

University of Toronto Winter 2018: SOCD25H3 S Advanced Seminar in Economy, Politics, and Society Final Research Paper Topic: Globalization as a worldwide economic phenomenon. Analyzing globalization from economistic, cultural and structural perspective 1. Introduction Globalization is considered a worldwide economic phenomenon. I will analyze this economic phenomenon from three perspectives: economistic, cultural and structural. Our […]