Forecast Assumptions

2. Prospective Analysis Explanation of Forecast Assumptions Myer decided to change their business strategy due to the poor performance in the prior years (appendix A). First, they are planning to focus on customer satisfaction by investing more than $600 million for capital and the implementation costs of the new strategy (Myer Holdings Limited 2015). Second, … Read more

2008 Financial Crisis Essay

After the 2008 financial crisis, there was a global acknowledgement that the way financial markets and institutions had been regulated was inadequate. Indeed, private banks failed to manage risks, shadow banking expanded without barriers set up to control it and the financial reward scheme was too excessive. Governments were willing to transform the financial system … Read more

Pax Americana

The changes linked to the globalising international economy have had considerable impact on the functions and disposition national states. This changes however, did not begin with globalisation but after World War II when during the golden age of capitalism when an economic hegemony – the US – was created and the world experienced political and … Read more

Economic Growth

Economic Growth is defined as the way that the real income of an economy increases over time. This generally signifies that the economy is wealthier and producing more, individuals are better off, and that living standards are higher. A more technical definition would go into the way that Economic Growth is measured – usually in … Read more

The Sources Of Inflation

Over the last century many countries throughout the world have experienced inflation as their major economic problem. Expensive wars have traditionally been recognized as the sources of inflation. Governments, in effort to squeeze more production out of an economy, have often resorted to printing or releasing more money to finance the purchase of arms and … Read more

A General Increase In Prices – Inflation

In the 1970s the prices of most things Americans buy more than doubled. Such a general increase in prices is called inflation. Prices of selected goods may increase for reasons unrelated to inflation: the price of fresh lettuce may rise because unseasonably heavy rainfall in California has ruined the lettuce crop, or the price of … Read more

Asian Crisis

The beginning of the Asian financial crisis can be traced back to 2 July 1997. That was the day the Thai Government announced a managed float of the Baht and called on the International Monetary Fund (IMF) for ‘technical assistance’. That day the Baht fell around 20 per cent against the $US. This became the … Read more

The Great Inflation

In late-1922 the German government were forced to ask the Allies for a moratorium on reparations payments; this was refused, and she then defaulted on shipments of both coal and timber to France. By January of the following year, French and Belgian troops had entered and occupied the Ruhr. The German people, perhaps for the … Read more