Global Economy: Problems and Solutions
Not what you're looking for?
Business organization, methods, strategies and practices have evolved over centuries. Generally, innovations are introduced to address problems or difficulties not solved by current practice. What are some problems in the current way the global economy is functioning that need to be solved, and perhaps, only through innovations?
Purchase this Solution
Solution Summary
Global Economic problems are explained in a structured manner in this response. The answer includes references used.
Solution Preview
There are some problems the way global economy functions that can be solved only through innovations. The first problem is unbridled deficit spending by countries that distort the economy. The indiscriminate printing of currency leads to inflation. The next problem is that differences in wage laws among countries increases costs. There is a problem evaluating the currency of a country as there is no gold standard. This leads to harmful foreign exchange rate fluctuations. There are economic threats being leveled at countries and economic/trade embargoes that debilitate the economy of victim countries. The scale and scope of global competition is so high that the effects are disastrous for competitors. Important problems related to global economy are environmental degradation, energy shortage, and poverty. Global corporations ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
- "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
- "Thank you kindly sir. "
- "Excellent and well explained. --Thank you kindly. "
- "Awesome notes. I appreciate you."
- "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.