BAKUN Dam (Sarawak, Malaysia)Thorstein Veblen was one of the most original American socio-economic thinkers. It may be said that he was ahead of his time in explaining many of the theoretical problems of today's economics. In the Theory of the Leisure Class, for instance, his cogent ...
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The trade balance in goods between China and the US is both an inevitable result of the structural issues in the US economy and a consequence of the comparative advantages and international division of labor between the two countries. China does not deliberately pursue a trade surplus. As a mat...
Most studies on growth and distribution since Kuznets (1955) have concentrated on the issues of how growth affects distribution or vice versa. However, the fact that growth and distribution are both endogenous variables has not thus far been carefully considered theoretically or empirically in popular...
The Islamic economic system was built using various tools in accordance with Islamic principles, including the institutions and rules. The Islamic economic system has existed since long before the inception of conventional economic ideas, such as capitalism and socialism that exist today. The Islamic ...
There are several challenges and potential future improvement options to further improve the robustness and applicability of the approach suggested in this study. The current framework uses the SDG Index, a composite measure with weighting issues, even if the index itself is widely recognized. Indeed...
This article addresses this question by using the concepts of economic security and interdependence to compare the Malaysia-Philippines and Malaysia-Indonesia conflicts over labour migration. Although the limited cases make generalizations difficult, the analysis suggests that the economic interdependence ...
The demand module represents a characterization of how firms and households issues orders to their suppliers at the end of each period. A firm orders its supplier because of the need to restore its intermediate product inventory. We assume that each firm has a specific target inventory level base...
Today, the City-State is known for its many skyscrapers, and its economy continue to boom. It has one of the lowest tax-rates in the Asia-Pacific region, and continues to be open towards foreign direct investment (FDI). Moreover, Singapore has one of the highest trade-to-GDP ratios ...
After the Cold War, what has become more important and necessary is not only ‘coexistence’ but also active cooperation and integration, without which global issues such as terrorism and global warming cannot be effectively tackled and solutions cannot be found. Notably, these five principles have...