Economy

Japanese Economy

The destiny of Japan, for a long time the strongest Asian economy, continues to raise concerns. The country that entered a downward spiral at the onset of the 1990s continues to struggle with the realization of an economic recovery. For many years following “the catch-up model of economic growth”, Japan is now stuck in the …

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Specification, method, and data

In equations 4 to 6 above, the gross national income (GNI) measured at purchasing-power-parity means the whole value (income) of productive activities – goods and service no matter in this country and foreign country when considering price differences among countries. For example, an US-owned subsidiary which operates in other country might decide to send earnings …

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High income

Based on this notion, I group the selected countries into four categories – high income (H), upper-middle income (UM), lower-middle income (LM) and low income (L) according to the income standard of World Bank in 2005. The World Bank defines that high income group is country’s gross national income (GNI) per capita over $10,726 or …

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Colonialism and the Economy of Caribbean Countries

Colonialism could be defined as the domination of another country over another involving suppression of one people over a more inferior one. The word colonialism came from the Latin words “colonus” which means “farmer” and “imperium” which means “to command” (Khon, 2006). Over the centuries, the distinction between colonialism and imperialism has been causing confusion …

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Economic Power

The article personally made me realize that the term ‘market control’ or ‘market power’ have been so wrongly interpreted by me. It actually is the market in power and the market in control of the organizations; without customers these organizations are nowhere. Those who wish to keep a ‘control’ over the customers have to lose …

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