the flow of ideas, images, and products across nations and cultures

Global culture is formulated by movement of ideas, images, or products throughout the world. However, there are different views about the way it spreads and influences. This essay will examine the literature which analyses the flow of ideas, images, and products across nations and cultures and evaluate this literature particularly its different views on cultural… Continue reading the flow of ideas, images, and products across nations and cultures

Speculative bubble in Japan

What is speculative bubble?“A (speculative) bubble is a continuing growth in the price of an asset that cannot be justified by its fundamental value” (Hoshi and Kashyap, 2001) usually upon expectation of the rise of the asset priceA speculative bubble ended with collapse of the asset price, such as stock and/or real estate. Then agencies… Continue reading Speculative bubble in Japan

Fiscal rules adopted by the UK government

The objectives of fiscal policyOver the medium term, to ensure sound public finances and that spending and taxation impact fairly within and between generations: andOver the short term, to support monetary and, in particular, to allow the automatic stabilizers to help smooth the path of the economy. (HM Treasry, 2003)The ultimate objectives of fiscal rules… Continue reading Fiscal rules adopted by the UK government