StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Article's summary in (international economic field) - Essay Example

Cite this document
Summary
The article entitled “Land of corporate giants” which is published online in The Economist presented economic issues that tackled a closer look at economies of scale, the cost function, the ‘winner’s curse’, and the ‘empire-building’ theory through looking at…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.1% of users find it useful
Articles summary in (international economic field)
Read Text Preview

Extract of sample "Article's summary in (international economic field)"

Articles on International Economics Article Land of the corporate giants The article en d “Land of corporate giants” which is published online in The Economist presented economic issues that tackled a closer look at economies of scale, the cost function, the ‘winner’s curse’, and the ‘empire-building’ theory through looking at business organizations that apparently get bigger. The initial discourse compared the effectiveness of applying the economies of scale concept among container ships and buildings.

As disclosed, “since the shipping cost per container keeps on falling as ship size rises, container ships are set to keep growing” (Land of the corporate giants par. 2). However, using buildings as an example, it was evident that the economies of scale seem to become inapplicable up to a certain extent where the construction of higher buildings apparently becomes more costly and inefficient. In cases of large organizations, the article revealed that organizations that have continued to expand through mergers and acquisitions could only be evaluated in terms of viably realizing economies of scale through the concept of the cost function.

As noted, the relationship requires the need “to estimate how output levels influence the costs of production in a competitive industry” (Land of the corporate giants par. 6). However, due to differences in inputs and outputs as determined by the kind of industry some organizations are categorized in, the cost function is a challenging way to gauge the applicability of economies of scale. Overall, large organizations have been reported to justify continued merger and acquisitions by the ability to limit and restrict competitors and to dictate market prices.

Article 2: IMF warns of threat to global economies posed by austerity drives The article “IMF warns of threat to global economies posed by austerity drives” written by Elliot and published online in The Guardian presented issues that have been recommended by 11 international leaders headed by the International Monetary Fund (IMF) with a recommendation of boosting much needed global economic growth. As revealed, the current practices exemplified by different developed countries focus on protectionism and trade barriers which do not encourage international economic expansion.

As indicated, after reviewing the economic indices and thrusts exhibited by various governments, it was evident that more focus was centered on “decelerating global growth and rising uncertainty; high unemployment, especially youth unemployment, with all its negative economic and social consequences; potential resort to inward-looking protectionist policies” (Elliot par. 4). Being overly zealous on these issues would apparently be more detrimental to international economic development. As recommended, the 11 international leaders who monitor financial and economic developments across global spheres emphasized that what is crucial is addressing unemployment, investing in human capital, and refurbishing funds to banks to spur investment and economic activities.

Policymakers around the world are thereby enjoined to take a more proactive stance in the creation of jobs, and in ensuring that tight financial policies and regulations are enhanced to prevent the loss of confidence in the financial and economic systems and to ultimately focus on international economic growth.Works CitedElliot, Larry. "IMF warns of threat to global economies posed by austerity drives." 20 January 2012. The Guardian. 13 November 2012 ."Land of the corporate giants." 3 November 2012.

The Economist. 13 November 2012 .

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Article's summary in (international economic field) Essay”, n.d.)
Article's summary in (international economic field) Essay. Retrieved from https://studentshare.org/miscellaneous/1608351-articles-summary-in-international-economic-field
(Article'S Summary in (international Economic Field) Essay)
Article'S Summary in (international Economic Field) Essay. https://studentshare.org/miscellaneous/1608351-articles-summary-in-international-economic-field.
“Article'S Summary in (international Economic Field) Essay”, n.d. https://studentshare.org/miscellaneous/1608351-articles-summary-in-international-economic-field.
  • Cited: 0 times

CHECK THESE SAMPLES OF Article's summary in (international economic field)

Lighthouse international website review

The Search field on the sidebar also helps a user find their topic of interest.... The catchy heading "Be a Visionary PhilanthropistDonate Now", is a clever play on words: the funds will not only be for the advancement of research in the field of vision but to support the foresight and imagination of the two sisters who founded the company.... Lighthouse international is a website for a non-profit organization dedicated to providing information and services on various types of vision related problems....
3 Pages (750 words) Article

Internal Memorandum

Whereas this protection can be viewed as a safety factor for the employees in that they cannot just be fired at whim, and so their economic stability is guaranteed, this safety factor serves as a hurdle for companies which have failed in their venture and want to start anew in some other field of business (Frymovich).... The banks in Europe are still recovering from economic recess (Frymovich), and the firms are protected by the government (Frymovich).... It is… not only relevant to the nature of the internship, but also gives a chance to study the current international business market situation so that suggestions and recommendations could be submitted to improve the constraints faced by the small businesses in Europe....
1 Pages (250 words) Article

Economics of Sports

This article discusses the field of sports economics in perfecting the mispricing of skillfulness through the assistance of statistical knowledge across decision-making units of a specific game.... The paper assists field of sports economics in perfecting the mispricing of skillfulness through the assistance of statistical knowledge across decision making units of a specific game (Hakes & Sauer, 184).... The thing they did exceptionally well is stating ways field of sports economics can maximize their profits and advance their performance (Rosner & Kenneth, 361)....
1 Pages (250 words) Article

Economic Discussion

Bilateral agreements tend to destroy value in a true economic sense.... Such agreements become a hindrance to the free flow of goods causing global economic loss.... The writer of this paper states that article 24 of GATT of WTO permits countries for preferential trade agreements (PTAs) among them....
1 Pages (250 words) Article

Impact of international field experience on agricultural Education

The teachers in America also Topic:  Impact of international field experience on agricultural education International are being discriminated against in some institutions in the United States by teachers.... It is a fact that many of the international students are colored and this creates the impression in the mind of the teachers that these students… In the words of Lee & Rice (2007), “It is found that because of language and cultural factors, Latin American and Asian students have greater levels of stress than other international students”....
1 Pages (250 words) Article

Bridging the Cultural Divide

hellip; This research takes a deeper look on what can be done to reduce this cultural divide and create an organizational environment that is favorable for the advancement of an Bridging the Cultural Divide Leading international countries with many employees from different countries usually face this menace of the cultural divide.... Off-shore English should also be used as an international language of trade because it can be easily understood by all cultures....
1 Pages (250 words) Article

Selected Engineering Field

This paper ''Selected Engineering field'' tells that engineering is a field that integrates the wide areas of mathematics and science in the process of offering tangible solutions to the many technical problems that face civilization.... A wide field that has myriad components, each dealing with different subjects.... The most conspicuous field that comes to mind whenever someone talks about civil engineering is structural engineering....
5 Pages (1250 words) Article

Near Field Communication by Want

This article a"Near field Communication by Want" presents an article, Near field Communication, that explains that Near field Communication (NFC) enables contactless communication between electronic devices within range of each other, including both tablets and smartphones.... hellip; NFC communicates using Radio Frequency Identification tags at a radio field range of 13.... Passive Communication Mode happens when the initiator device provides a field, and the target device responds by modulating on the existing carrier field....
1 Pages (250 words) Article
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us