Synopsis
In recent decades many manufacturing firms have moved operations to locations all over the globe to reduce costs. In many cases, firms choose to locate manufacturing activity in countries with cheap labour, like China. The result has been a rise of manufacturing across low-cost countries. This book explores the decision making processes within firms that drive the growth of an economy but pose challenges for regulators. It looks at the ethical questions and trade-offs that policymakers face in deciding what sort of society they should foster. It will help you to develop an understanding of the theory of the firm and the working of markets. Armed with these classic microeconomic tools, an exciting analysis unfolds that reveals how global trade and the pursuit of growth creates imbalances that may have caused the 2008 marcoeconomic crisis and may be fuelling increasing inequalities that further destabilise the macroeconomy.
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Running the Economy - Book 2
Published by
Open University 01/02/2014, 2014
ISBN 10: 1780079613
ISBN 13: 9781780079615
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