|
Economic Interdependence
Economic interdependence is the mutual dependence of the participants in an economic system who trade in order to obtain the products they cannot produce efficiently for themselves. Such trading relationships require that the behavior of a participant affects its trading partners and it would be costly to rupture their relationship. The subject was addressed by A. A. Cournot who wrote: "...but in reality the economic system is a whole in which all of the parts are connected and react on one another. An increase in the income of the producers of commodity A will affect the demands for commodities B, C, etc. and the incomes of their producers, and by its reaction will affect the demand for commodity A." Economic Interdependence is evidently a consequence of the division of labour. David Baldwin conceptualizes international economic interdependence as the opportunity costs incurred from potential exit costs that incur as a result of breaking existing economic ties between nations. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic System
An economic system, or economic order, is a system of Production (economics), production, resource allocation and Distribution (economics), distribution of goods and services within a society or a given geographic area. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of Consumer, consumption that comprise the economic structure of a given community. An economic system is a type of social system. The mode of production is a related concept. All economic systems must confront and solve the four fundamental economic problems: * What kinds and quantities of goods shall be produced: This fundamental economic problem is anchored on the theory of pricing. The theory of pricing, in this context, has to do with the economic decision-making between the production of capital goods and consumer goods in the economy in the face of scarce resources. In this regard, the critical evaluation of the needs of the society based on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Division Of Labour
The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (specialisation). Individuals, organizations, and nations are endowed with, or acquire specialised capabilities, and either form combinations or trade to take advantage of the capabilities of others in addition to their own. Specialised capabilities may include equipment or natural resources as well as skills, and training and combinations of such assets acting together are often important. For example, an individual may specialise by acquiring tools and the skills to use them effectively just as an organization may specialise by acquiring specialised equipment and hiring or training skilled operators. The division of labour is the motive for trade and the source of economic interdependence. Historically, an increasing division of labour is associated with the growth of total output and trade, the rise of capitalism, and the increasing complexity of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Opportunity Cost
In microeconomic theory, the opportunity cost of a particular activity is the value or benefit given up by engaging in that activity, relative to engaging in an alternative activity. More effective it means if you chose one activity (for example, an investment) you are giving up the opportunity to do a different option. The optimal activity is the one that, net of its opportunity cost, provides the greater return compared to any other activities, net of their opportunity costs. For example, if you buy a car and use it exclusively to transport yourself, you cannot rent it out, whereas if you rent it out you cannot use it to transport yourself. If your cost of transporting yourself without the car is more than what you get for renting out the car, the optimal choice is to use the car yourself. In basic equation form, opportunity cost can be defined as: "Opportunity Cost = (returns on best Forgone Option) - (returns on Chosen Option)." The opportunity cost of mowing one’s own la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Encyclopedia Of Life Support Systems
The Encyclopedia of Life Support Systems (EOLSS) is an integrated compendium of twenty one encyclopedias. The first Earth Summit of 1992, held in Rio de Janeiro, issued a document that is now famous as Agenda 21. This document refers to the Earth's life support systems, considering the whole of our planet as a grand intensive care unit that supports all forms of life (both natural and human-engineered systems). The Encyclopedia of Life Support Systems (EOLSS) is based on this concept and the above definition of 'life support systems'. It is intended to be a source of knowledge conveniently accessible at a single location, knowledge that could be useful in providing an understanding of global systems and issues with the potential to render decisions well informed to ensure the ability of our planet to support life. Unlike most encyclopedias, the contents of which are alphabetically arranged, EOLSS has a thematic organization (Theme Level, Topic Level and Article Level where Theme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abraham L
Abraham, ; ar, , , name=, group= (originally Abram) is the common Hebrew patriarch of the Abrahamic religions, including Judaism, Christianity, and Islam. In Judaism, he is the founding father of the special relationship between the Jews and God; in Christianity, he is the spiritual progenitor of all believers, whether Jewish or non-Jewish; and in Islam, he is a link in the chain of Islamic prophets that begins with Adam (see Adam in Islam) and culminates in Muhammad. His life, told in the narrative of the Book of Genesis, revolves around the themes of posterity and land. Abraham is called by God to leave the house of his father Terah and settle in the land of Canaan, which God now promises to Abraham and his progeny. This promise is subsequently inherited by Isaac, Abraham's son by his wife Sarah, while Isaac's half-brother Ishmael is also promised that he will be the founder of a great nation. Abraham purchases a tomb (the Cave of the Patriarchs) at Hebron to be Sarah' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Farrell (political Scientist)
Henry Farrell is an Irish-born political scientist at Johns Hopkins University. He previously taught at the University of Toronto and earned his PhD from Georgetown University. His research interests include, trust and co-operation; E-commerce; the European Union; and institutional theory. Career Farrell is a member of the Crooked Timber group blog. In this connection, he has been quoted extensively in mass media, including the Christian Science Monitor, San Francisco Chronicle, Washington Times and the National Journal on topics including Italian involvement in the Yellowcake forgery scandal and his work with Daniel Drezner on the political impact of blogging. He has written articles on blogging for Foreign Policy and The Chronicle of Higher Education He has written for the ''Washington Post'' blog, ''Monkey Cage''. Farrell has organized several on-line seminars on recently published books, including ''Freakonomics'' by Steven Levitt and Stephen J. Dubner and ''Iron Council' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dale C
Dale or dales may refer to: Locations * Dale (landform), an open valley * Dale (place name element) Geography ;Australia *The Dales (Christmas Island), in the Indian Ocean ;Canada *Dale, Ontario ;Ethiopia *Dale (woreda), district ;Norway *Dale, Fjaler, the administrative centre of Fjaler municipality, Vestland county *Dale, Sel, a village in Sel municipality in Innlandet county * Dale, Vaksdal, the administrative centre of Vaksdal municipality, Vestland county * Dale, Vaksdal, the administrative bop on the head * Dale Church (Fjaler), a church in Fjaler municipality, Vestland county *Dale Church (Luster), a church in Luster municipality, Vestland county *Dale Church (Vaksdal), a church in Vaksdal municipality, Vestland county *Dale Church (also known as Norddal Church), a church in Fjord municipality, Møre og Romsdal county ;Poland *Dale, Lesser Poland Voivodeship (south Poland) ;Sweden *The Dales, English exonym for Dalarna province ;United Kingdom *Dale, Cumbria, a hamlet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Mearsheimer
John Joseph Mearsheimer (; born December 14, 1947) is an American political scientist and international relations scholar, who belongs to the realist school of thought. He is the R. Wendell Harrison Distinguished Service Professor at the University of Chicago. He has been described as the most influential realist of his generation. Mearsheimer is best known for developing the theory of offensive realism, which describes the interaction between great powers as being primarily driven by the rational desire to achieve regional hegemony in an anarchic international system. In accordance with his theory, Mearsheimer believes that China's growing power will likely bring it into conflict with the United States. In his 2007 book ''The Israel Lobby and U.S. Foreign Policy'', Mearsheimer argues that the Israeli lobby wields disproportionate influence over US foreign policy. Early life Mearsheimer was born in December 1947 in Brooklyn, New York City. When he was eight, he moved with h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph Grieco
Joseph M. Grieco is professor of political science at Duke University, in Durham, North Carolina. Within international relations theory he is a neorealist and is a key figure in the debate between neorealists and neoliberals Neoliberalism (also neo-liberalism) is a term used to signify the late 20th century political reappearance of 19th-century ideas associated with free-market capitalism after it fell into decline following the Second World War. A prominent fa ....Rengger, Nicholas (2000) International relations, political theory, and the problem of order: beyond international relations theory, London: Routledge, P48 References {{DEFAULTSORT:Grieco, Joseph Political realists Academic staff of the Università Cattolica del Sacro Cuore Living people Year of birth missing (living people) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beth A
Beth may refer to: Letter and number *Bet (letter), or beth, the second letter of the Semitic abjads (writing systems) *Hebrew word for "house", often used in the name of synagogues and schools (e.g. Beth Israel (other), Beth Israel) Name *Beth (given name) lists people with the given name Beth *Beth (singer), Elisabeth Rodergas Cols (born 1981) *Evert Willem Beth (1908–1964), Dutch philosopher and logician Other uses *Beth (song), "Beth" (song), by the band Kiss *List of storms named Beth See also *Bayt (other)Bayt/Beit/Beth/Bet (other), meaning 'house' in various Semitic languages; part of many place-names *Bet (other) *Elizabeth (other) {{disambiguation, surname ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Outbreak Of World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Globalization
Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. The term ''globalization'' first appeared in the early 20th century (supplanting an earlier French term ''mondialization''), developed its current meaning some time in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the post-Cold War world. Its origins can be traced back to 18th and 19th centuries due to advances in transportation and communications technology. This increase in global interactions has caused a growth in international trade and the exchange of ideas, beliefs, and culture. Globalization is primarily an economic process of interaction and integration that is associated with social and cultural aspects. However, disputes and international diplomacy are also large parts of the history of globalizat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.svg "Click for more on -> Economic System")
.jpg "Click for more on -> Division Of Labour")
.jpg "Click for more on -> Abraham L")
