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21581 Branko Milanovic: "The Two Faces of Globalization" This paper analyzes and answers discussion questions based on Branko Milanovic's paper entitled 'The Two Faces of Globalization'. First it is discussed whether or not Milanovic's assertion of the popular economists' view is correct. Second, is discussed the reasoning for this view. Third is what directions a developing country should take if Milanovic is correct. And, lastly we discuss what one thing we would share with another adult about what was learned from the course.
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21582 Branko Milanovic: "The Two Faces of Globalization" This paper analyzes and answers discussion questions based on Branko Milanovic's paper entitled 'The Two Faces of Globalization'. First it is discussed whether or not Milanovic's assertion of the popular economists' view is correct. Second, is discussed the reasoning for this view. Third is what directions a developing country should take if Milanovic is correct. And, lastly we discuss what one thing we would share with another adult about what was learned from the course.
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21596 A Great Leap Forward: The Drive to Commercialization of China's "Big Four" Banks The paper takes a critical and timely look at the ongoing commercialization of mainland China's "Big Four" banks -- the Bank of China (BOC), China Construction Bank (CCB), Agricultural Bank of China (ABC), and the Industrial and Commercial Bank of China (ICBC). We outline the best methods to commercialize these state-run banks through initial public offerings (IPO's). The impetus behind the change includes a rising tide of bad bank loans; the need for more robust banks to grow the Chinese economy; and China's urgent need to catch up to Western banks and financial institutions, as it prepares for membership in the World Trade Organization (WTO).
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21629 Macroeconomics Monetary Policy This paper is a discussion and critiques of Michael Woodford's economic model. The paper includes an examination of the point of Woodford's economic and how he built it. The fact that Woodford critically analyzed one particular aspect of the model. This paper will present a critique of how well the monetary policy described by Woodford conforms to reality. In addition potential flaws from the model will be examined.
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21632 The Trade Related Aspects of Intellectual Property Rights (TRIPS) This paper considers the nature of The Trade Related Aspects of Intellectual Property Rights (TRIPS), a WTO agreement protecting intellectual property in the international marketplace but which many see as only protecting the rights of capital to control its property while the needs of the developing world are held hostage at a time of increasing globalization.
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21669 Milton Friedman This paper discusses the career and theories of Milton Friedman. An influential economist who is noted as both a macroeconomist and a micro economist, the latter for his work on subjects such as the Marshallian demand curve and similar issues, all of which had an influence on both areas of economics over time, with the primary emphasis of Friedman's microeconomic theory in terms of price theory.
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21688 Short Run Exchange Rate Determination This paper considers the nature of the determination of short run exchange rates and the theories that are used to support it, noting such theories intended to explain exchange rate behaviors the monetary model, the Mundell-Fleming model, the Dornbusch model, and the Branson model, and considering how they are applied, how they may be combined, and similar issues.
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