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Tag: trade

Global Economics in History

Global Economics in History

Globalization encompasses the changes regarding international trade and economy; falling trade barriers, unrestricted capital flows fueled by technological innovation, and a new mobile global work force would all combine. The global economy transforms by online financial markets, transnational mergers and currency speculation that dwarfs trade in goods and services. It is crucial that countries guarantee they are fostering a culture that encourages alertness, responsiveness, flexibility, and speeding up the cycle time of processes and decisions. For in order to reap…

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Price Controls in A Free Market

Price Controls in A Free Market

“There is no such thing as a free lunch.”   This has been a staple of economic education for years. Nothing is free and the thought that something can be given for free, with no relative cost, crosses over beyond the realm of naivety into ignorance and unrealistic expectations. Price controls, the establishment and maintenance of maximum price levels for basic goods and services by the government, are sold as a possible reality when in truth, they come with dangerous…

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