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Why might firms favour Foreign Direct Investment rather than Exporting, Licensing or Franchising?

Nations in recent decades have made important forward leaps towards an inclusive environment which has contributed greatly to making global business dealings free from restrictions ...

Land of White Gold

South of San Pedro de Atacama lies the largest salt flat in Chile. Stretching over 100 kilometres of what is commonly called the dryest place on Earth, the Salar de Atacama has become...

The Quality of Money

What is the purpose of money? Where does it come from? Inequality generates trade and specialisation creates the need for money . A good money is widely marketable and must function ...

Understanding the Concept of Opportunity Cost

A key concept in Economics is that of Opportunity Cost . The definition of Opportunity Cost is the benefit of the next best alternative forgone . For instance, if you have 2 hours...


These model answers should give students a basic idea of the style of writing that is expected of them in an exam:What is globalisation? [2-4 marks] - The processes that have resulte...

Should we fear the fall in the value of the £?

Since Britain voted for Brexit in June 2016, we have seen a significant decline in the value of the UK currency. Economic theory suggest that this will benefit the country, as impor...

The Pursuit of Climate Protection and the Uneven Distribution of Clean Development Mechanism (CDM) Projects: Lesson from Least Developed Countries (LDCs)

AbstractIn this modern era of climate protection, the need for climate justice in the distribution of projects cannot be neglected or postponed. While the pursuit of climate and envi...

Measurement of Liquidity-Adjusted Market Risk by VaR and Expected Shortfall: Evidence from Turkish Banks

Due to its known weaknesses Value at Risk (VaR) has been modified to have a better market risk measurement model. 2007-2008 global financial crisis has increased the necessity to in...

An Empirical Examination of the Stock Return Dynamics of Developed, Emerging and Frontier Markets

Over the past five decades, there has been an increasing interest in investigating the theoretical and empirical basis for Efficient Market Hypothesis (EMH). Generally, the EMH is ...

“Adhering to the Gold Standard constrained economic policy during the Great Depression”

The US’ defense of gold standard parity during early 1930s has often been considered amongst the major causes of the Great Depression, as pointed out by Bemanke and James (1991...
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