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Topic Review
Biography
Topic Review
Hyperinflation in Yugoslavia
Between 1992 and 1994, the Federal Republic of Yugoslavia (FRY) experienced the third-longest period of hyperinflation in world economic history. This period spanned 22 months, from March 1992 to January 1994. Inflation peaked at a monthly rate of 313 million percent in January 1994. Daily inflation was 62%, with an inflation rate of 2.03% in 1 hour being higher than the annual inflation rate of many developed countries. The inflation rate in January 1994, converted to annual levels, reached 116,545,906,563,330 percent (116.546 billion percent, or 1.16 × 1015 percent). During this period of hyperinflation in FR Yugoslavia, store prices were stated in conditional units – point, which was equal to the German mark. The conversion was made either in German marks or in dinars at the current "black market" exchange rate that often changed several times per day.
22.6K
14 Nov 2022
Topic Review
Great Depression, U.S.
The "Great Depression" was a decade of unemployment, low profits, low prices, high poverty and stagnant trade that affected the entire world in the 1930s. Worst hit sectors were heavy industry, agriculture, mining and logging; least affected were white collar workers. The stock market crash of 1929 triggered the Great Depression in the United States which then spread to every continent. The depression ended in the late 1930s and caused major political changes, especially the New Deal that involved large scale federal relief programs, aid to agriculture, support for labor unions, and the formation of the New Deal coalition by Franklin Delano Roosevelt. The long-term memories affected the nation for decades as a consensus was reached that it would not be allowed to happen again and that the nation would have "Freedom from Fear."
655
14 Nov 2022
Topic Review
Customer to Customer
Customer to customer (C2C) markets provide an innovative way to allow customers to interact with each other. Traditional markets require business to customer relationships, in which a customer goes to the business in order to purchase a product or service. In customer to customer markets, the business facilitates an environment where customers can sell goods or services to each other. Other types of markets include business to business (B2B) and business to customer (B2C). Consumer to consumer (or citizen-to-citizen) electronic commerce involves the electronically facilitated transactions between consumers through some third party. A common example is an online auction, in which a consumer posts an item for sale and other consumers bid to purchase it; the third party generally charges a flat fee or commission. The sites are only intermediaries, just there to match consumers. They do not have to check quality of the products being offered. Consumer to consumer (C2C) marketing is the creation of a product or service with the specific promotional strategy being for consumers to share that product or service with others as brand advocates based on the value of the product. The investment into conceptualising and developing a top of the line product or service that consumers are actively looking for is equitable to a retail pre-launch product awareness marketing.
791
14 Nov 2022
Topic Review
History of Industrialisation
This article delineates the history of industrialisation.
1.7K
14 Nov 2022
Topic Review
Pink Tide
The pink tide (Spanish: marea rosa, Portuguese: onda rosa, French: marée rose), or the turn to the left (Spanish: giro a la izquierda, Portuguese: volta à esquerda, French: tournant à gauche), was a political wave and perception of a turn towards left-wing governments in Latin American democracies moving away from the neoliberal economic model at the start of the 21st century. As a term, both phrases are used in contemporary 21st-century political analysis in the news media and elsewhere to refer to a move toward more economic progressive or social progressive policies in Latin America. Such governments have been referred to as "left-of-centre", "left-leaning", and "radical social-democratic". The Latin American countries viewed as part of this ideological trend have been referred to as pink tide nations, with the term post-neoliberalism or socialism of the 21st century being used to describe the movement as well. Some pink tide governments, such as those of Argentina , Brazil , and Venezuela, have been varyingly characterized as being "anti-American", as well as populist, for their rejection of the Washington Consensus, and as authoritarian, particularly in the case of Nicaragua and Venezuela by the 2010s. The pink tide was followed by the conservative wave, a political phenomenon that emerged in the early 2010s as a direct reaction to the pink tide. Some authors have proposed that there are multiple distinct pink tides rather than a single one, with the first pink tide happening during the late 1990s and early 2000s, and a second pink tide encompassing the elections of the late 2010s to early 2020s. A resurgence of the pink tide was kicked off by Mexico in 2018 and Argentina in 2019, and further established by Bolivia in 2020, along with Peru, Honduras, and Chile in 2021, and Colombia in 2022, with the first left-wing president-elect in Colombia's history, according to analysts.
2.8K
14 Nov 2022
Topic Review
Eurobonds
European bonds are proposed government bonds issued in euros jointly by the 19 eurozone nations. The idea was first raised by the European Commission in 2011. Eurobonds would be debt investments whereby an investor loans a certain amount of money, for a certain amount of time, with a certain interest rate, to the eurozone bloc altogether, which then forwards the money to individual governments. Eurobonds have been suggested as a way to tackle the European sovereign debt crisis as the indebted states could borrow new funds at better conditions as they are supported by the rating of the non-crisis states. Because Eurobonds would allow already highly indebted states access to cheaper credit thanks to the strength of other eurozone economies, they are controversial, and may suffer from the free rider problem.
756
14 Nov 2022
Topic Review
Unemployment Benefits
Unemployment benefits (depending on the jurisdiction also called unemployment insurance or unemployment compensation) are payments made by back authorized bodies to unemployed people. In the United States, benefits are funded by a compulsory governmental insurance system, not taxes on individual citizens. Depending on the jurisdiction and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time proportionally to the previous earned salary. Unemployment benefits are generally given only to those registering as unemployed, and often on conditions ensuring that they seek work and do not currently have a job, and are validated as being laid off and not fired for cause in most states.
524
11 Nov 2022
Topic Review
Environmentally Extended Input-Output Analysis
Environmentally extended input-output analysis (EEIOA) is used in environmental accounting as a tool which reflects production and consumption structures within one or several economies. As such, it is becoming an important addition to material flow accounting.
618
11 Nov 2022
Topic Review
Counterfeit Medicines Online
The online distribution of counterfeit medicines has been growing during the last decades. The role of Internet as an unregulated medicine market is the main reasons behind this phenomenon, especially the effectiveness of “spam” as a tool for advertising and promoting these products. Websites and social media are new powerful instruments that organized criminal groups could exploit to conduct their illicit businesses. The spread of this emerging threat worldwide poses a very high risk for the health and safety of unaware consumers.
299
11 Nov 2022
Topic Review
Latin American Perspectives
Latin American Perspectives, A Journal on Capitalism and Socialism, is a peer-reviewed academic journal that publishes papers in the field of Latin American studies. It was established in 1974 and is currently published by SAGE Publications. The managing editor is Ronald Chilcote, Edward A. Dickson Emeritus Professor of Economics and Political Science at the University of California, Riverside. LAP is the #1 journal in the Latin American Studies category of Google Scholar Metrics.
333
11 Nov 2022
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