Open Access. Powered by Scholars. Published by Universities.®

International Economics Commons

Open Access. Powered by Scholars. Published by Universities.®

Honors Theses

Discipline
Institution
Keyword
Publication Year

Articles 1 - 21 of 21

Full-Text Articles in International Economics

The Shifting Dynamics Of International Reserve Currencies, Robert Righi Jun 2019

The Shifting Dynamics Of International Reserve Currencies, Robert Righi

Honors Theses

Throughout most of post World War II period, the United States dollar has been globally accepted as the dominant reserve currency. This dominance comes with “exorbitant privilege” or special benefits such as not having a balance of payments problem. Therefore, with the shifting of global geopolitical balance of power in the age of Trump, along with the recognition by the IMF of the Chinese renminbi as an international reserve currency in 2015, it is important to understand the modern influence of reserve currencies. We provide an updated study of the status of the dollar, the euro, and in particular, the ...


Is Microfinance The Best Tool For Empowerment? Analysis Of Efficiency Of Developing Economies’S Microfinance Institutions In Empowering Women Using Data Envelopment Analysis Meta Frontier Technology, Beryl Isiji Jun 2018

Is Microfinance The Best Tool For Empowerment? Analysis Of Efficiency Of Developing Economies’S Microfinance Institutions In Empowering Women Using Data Envelopment Analysis Meta Frontier Technology, Beryl Isiji

Honors Theses

Poverty is still prevalent in developing economies, although the proportion of people living below the international poverty line ($1.90 a day) decreased by 24.6% between 1990 and 2013 according to World Bank. Women are more likely than men to live in poverty due to minimal access to resources. Microfinance institutions (MFIs) lend small funds to women thereby empowering them, encouraging entrepreneurship and creating creditworthiness.

This thesis examines the effect of MFIs on gender inequality via women empowerment by calculating output-oriented Data Envelopment Analysis using the meta frontier technology, and relating the efficiency results to the Gender Inequality Index ...


An Empirical Analysis Of Climatic, Geographic, And Cultural Determinants Of International Tourism, Ethan Straus Jun 2018

An Empirical Analysis Of Climatic, Geographic, And Cultural Determinants Of International Tourism, Ethan Straus

Honors Theses

Each year, billions of people visit different countries all around the world. For many of those countries, tourism is their primary industry, leading to millions of jobs and dollars in revenue. It is expected that by 2020 total International Tourism Receipts will reach 2 trillion US dollars annually. Currently, tourism employs an estimated 200 million people around the world. With the continued progression of climate change, the tourism industry is facing a newfound threat. Global temperatures and the seal level are both expected to rise significantly by the end of the century. Additionally, the Intergovernmental Panel on Climate Change has ...


The Euro Effect On Trade In The Emu Core And Periphery: A Pre And Post-Crisis Analysis, Kerri Harner Jan 2018

The Euro Effect On Trade In The Emu Core And Periphery: A Pre And Post-Crisis Analysis, Kerri Harner

Honors Theses

As the world financial crisis hit Europe in 2008, the financial shock had asymmetric effects across the eurozone; by 2010, its effects led to a sovereign debt crisis in the euro area. The shock created a clear distinction between strong, core economies in the European Monetary Union (EMU), and a struggling indebted periphery that fared worse in the period of crisis. The sovereign debt crisis revealed inherent fragility in the EMU. In light of recent populist movements, the common currency is under unprecedented scrutiny. This study seeks to assess the euro effect on exports for a clearly distinguished EMU core ...


The Effects Of Oil Price Shocks On The Stock Market Returns In Developed Economies, Ian Zangrillo Jun 2017

The Effects Of Oil Price Shocks On The Stock Market Returns In Developed Economies, Ian Zangrillo

Honors Theses

This paper examines the effects of oil price shocks on stock returns in OECD countries specifically Canada France Germany Japan United Kingdom United States and Norway. The empirical method used is the vector autoregression (VAR) model where a generalized impulse response function is applied to the results of the VAR to determine how stock prices respond to a shock in oil prices. The VAR model uses quarterly data for the period 1994 to 2016 for the following variables: interest rates real GDP real stock returns real UK Brent crude oil and APSP crude oil index. To take into account structural ...


Optimum Currency Areas And The European Experience: An Examination Of Diverging Competitiveness Among Key Eu Nations, Karol Jablonski Jun 2017

Optimum Currency Areas And The European Experience: An Examination Of Diverging Competitiveness Among Key Eu Nations, Karol Jablonski

Honors Theses

Now in its 18th year of existence, the European single currency - 'the most daring act of integration since the launch of the European integration project' - is facing its biggest challenge yet. Greece, Portugal, and Ireland are still experiencing economic hardships, even after receiving substantial bailout packages in order to avoid defaulting on their debt. Italy and Spain - 'the third and fourth largest economies in the Eurozone' - are close behind, combining high public debts, large budget deficits, and low growth. Germany and France, considered the most robust economies of the Eurozone, are feeling the strain of supporting their weaker partners in ...


Us Net Foreign Direct Investment: Determinants And Implications, Ryan Gomez Jan 2017

Us Net Foreign Direct Investment: Determinants And Implications, Ryan Gomez

Honors Theses

Political campaigns always churn the political spectrum on the issue of outsourcing and international trade with the 2017 presidential primary being no exception. Are politicians, like Bernie Sanders and Donald Trump, correct when preaching the economic negatives associated with outsourcing? Are they considering the right factors? Could it be that a strictly negative outlook on outsourcing is economically inappropriate in determining future policy? In an attempt to answer these questions, this paper will critically analyze the impact of incoming and outgoing Foreign Direct Investment (FDI) in the USA. Specifically, this study will use determinants of Net FDI (NFDI), where NFDI ...


Growth Engine: Effects Of China’S Trade And Investment On The Economies Of East And Southeast Asia, Xi Gao Jun 2016

Growth Engine: Effects Of China’S Trade And Investment On The Economies Of East And Southeast Asia, Xi Gao

Honors Theses

The emergence of China as an economic superpower through globalization and fragmentation of production has impacted global trade relations, particularly in East and Southeast Asia (ESA). China has become a major trading partner for ESA economies not only through exporting goods to ESA countries, but also importing goods to satisfy China’s energy and consumer needs. This thesis studies the impact trade and investment relationships with China have on ESA economies. This study will include ten developed and developing ESA countries: Japan, Republic of Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, Cambodia, Lao DPR, and Philippines. The results obtained include: 1 ...


Wind Power In China: Has China Greenwashed The Global Energy Sector?, Harrison Andrew Barker Jun 2016

Wind Power In China: Has China Greenwashed The Global Energy Sector?, Harrison Andrew Barker

Honors Theses

Due to years of serving as the world’s manufacturing hub, and appropriately developing a global reputation of being environmentally-unfriendly, China has since sought to rejuvenate its image by becoming an international leader in the realm of wind power. However, if one were to pull back the curtain on China’s wind energy program,they would find that the Chinese Communist Party may be intentionally putting on a facade. By reporting the number of wind turbines constructed nationally, but not the number of turbines actually generating electricity, China has hoodwinked the worldwide energy sector and general public. The idle wind ...


The Evolution Dynamics And Trends Of The Content Of Chinese Exports From 1995-2011, Megan Kerbs Jun 2016

The Evolution Dynamics And Trends Of The Content Of Chinese Exports From 1995-2011, Megan Kerbs

Honors Theses

There is no question that China’s role in the international economy has grown over time, as it seems to be claiming more and more of center stage in the global arena. Back in the early 1990’s, the phenomenon of globalization enabled China to expand its reach, inserting itself into intricate production hierarchies that began to define the global marketplace. China experienced a massive export boom in 2000, and since, has evolved to become a highly sophisticated, high-tech country that now plays an integral role within not only the East Asian region, but also the rest of the world ...


The Brics And The Global Human Rights Regime: Is An Alternative Norms Regime In Our Future?, Lucas Rivers Jun 2015

The Brics And The Global Human Rights Regime: Is An Alternative Norms Regime In Our Future?, Lucas Rivers

Honors Theses

Since the end of World War II, the ‘West’ has enjoyed economic and ideological dominance in the international arena due to institutions built around favorable multilateral agreements. This position has allowed the ‘West’ to craft an international system rooted within the individualistic norms of democracy and capitalism. However, the BRICS [Brazil, Russia, India, China, South Africa] – a global unit of states with increasing economic power – views this international system as unfair. Accordingly, these states have increased their cooperation to advocate for a developmental-multipolar world order. But what implications does this shared interest by the BRICS have on the existing global ...


Institutions, Distance, And Foreign Direct Investment, Charles Coffman Jan 2015

Institutions, Distance, And Foreign Direct Investment, Charles Coffman

Honors Theses

In this paper, I examine institutional differences between countries and the effect that those differences have on FDI flows using data from 193 countries and ten institutional indicators from the Index of Economic Freedom. I find a statistically significant result for five institutional distance variables. My results also support existing literature that claims that strong institutions increase FDI flows. I found that strong institutions are negatively associated with FDI inflows to low income countries, with the exception of trade and natural resources, suggesting that firms are investing in low income countries for natural resources and cheap production that can be ...


Brands Crossing Borders: Cross-Cultural Issues In Brand Localization In And From China, Molly Catherine Bowman Jan 2015

Brands Crossing Borders: Cross-Cultural Issues In Brand Localization In And From China, Molly Catherine Bowman

Honors Theses

As China continues to play a more integral role in the global economy, the ability to do business in, with, and from China is of the utmost importance. With the country's nascent transformation from a manufacturing economy to a value-added hub of innovation, Chinese companies face new challenges in communicating their brands and values abroad, and their Western counterparts face equal if not greater challenges in maintaining their market share on a global scale.

Communication will be the key to success in this dynamic environment. This paper will explore some of the unique China stories of prominent global organizations-- ...


Innovation And Productivity: Evidence From China, Jingying Xu Jan 2015

Innovation And Productivity: Evidence From China, Jingying Xu

Honors Theses

This paper investigates a lesser-known effect of innovation on the productivity of manufacturing firms in China using data that cover more than 330,000 firms across 40 sectors from 1998 to 2008. Innovation plays a key role in the productivity of firms and it matters for all types of firms, new as well as established. The ratio of new product output to the firm’s total outputs is used to measure innovation ability in this paper. A higher ratio is expected to have a positive impact on a firm’s productivity since new products are likely to be more differentiated ...


Why Isn't China Exporting Automobiles? : A Model Of Technology Adoption, Nianchen Han Apr 2013

Why Isn't China Exporting Automobiles? : A Model Of Technology Adoption, Nianchen Han

Honors Theses

In modern times, the automobile industry has become a relatively labor intensive industry as compared to other industries such as the food processing industry orIT industry. Normally, several people are involved in each process of an automobile production line. However, for a food processing firm such as a bottled water firm, it only takes a few people to control the huge machine in the factory. Under the Heckscher-Ohlin theorem’s assumption, a country will operate an industry that is intensive in its abundant resource. That means a labor abundant country will produce labor intensive goods and a capital abundant country ...


An Unexpected Verdict: Exploring The Economic Implications Of An Expanding Chinese Presence In Dakar's Informal Market, Georgina Hurst Jan 2013

An Unexpected Verdict: Exploring The Economic Implications Of An Expanding Chinese Presence In Dakar's Informal Market, Georgina Hurst

Honors Theses

Through examination of literature, statistical analysis, and field research in Dakar, Senegal, this study explores the economic implications of an expanding Chinese presence on Senegalese retailers in the informal market of Dakar, and on Senegalese consumers of cheap goods that shop primarily in this market. Since the early 1990s, a neighborhood of Chinese storefronts selling cheap goods has developed in the Centenaire region of downtown Dakar. The Chinese entrepreneurs, primarily in Dakar for wholesale, have adapted to the demands of low-end Senegalese retailers and consumers, focusing their products on basic necessities, such as clothing, and imitation commodities, such as Islamic ...


Challenges Of The Cooperative Movement In Addressing Issues Of Human Security In The Context Of A Neoliberal World: The Case Of Argentina, Stefan Ivanovski Apr 2012

Challenges Of The Cooperative Movement In Addressing Issues Of Human Security In The Context Of A Neoliberal World: The Case Of Argentina, Stefan Ivanovski

Honors Theses

The response of some Argentine workers to the 2001 crisis of neoliberalism gave rise to a movement of worker-recovered enterprises (empresas recuperadas por sus trabajadores or ERTs). The ERTs have emerged as former employees took over the control of generally fraudulently bankrupt factories and enterprises. The analysis of the ERT movement within the neoliberal global capitalist order will draw from William Robinson’s (2004) neo-Gramscian concept of hegemony. The theoretical framework of neo-Gramscian hegemony will be used in exposing the contradictions of capitalism on the global, national, organizational and individual scales and the effects they have on the ERT movement ...


The Effectiveness Of Capital Controls On Capital Inflows In Emerging Markets, Kathleen A. Davis Jan 2012

The Effectiveness Of Capital Controls On Capital Inflows In Emerging Markets, Kathleen A. Davis

Honors Theses

Capital flows have become increasingly more volatile over the past

decade, causing growing concern in emerging markets over the potential damages

large sudden capital inflows and outflows can cause those economies. Capital

controls have been used since World War I as a way to try to control these flows.

After being abolished nearly everywhere, they have recently been reintroduced in

a number of countries. The main analysis of this paper looks at the effect of the

capital controls on capital inflows from 2000 through 2010 in an 8 country sample

of emerging markets who have recently implemented changes in their ...


What Causes Ministers Of Finance To Get Fired?, Bradley Turner Jan 2012

What Causes Ministers Of Finance To Get Fired?, Bradley Turner

Honors Theses

This paper seeks to establish the determinants of turnover in finance ministers. Based on an original worldwide data set, political and economic factors are considered for 58 countries. While the same political factors affect Minister of Finance turnover in both advanced and developing economies, the economic variables that matter differ between the sub-samples. Finance minister turnover is higher during years that there is also presidential turnover. Further, emerging economies have a higher Minister of Finance turnover than developed economies during years without presidential turnover. Results largely hold for robustness checks.


Common Currency Examined In Latin America, Jack William Mccloskey May 2011

Common Currency Examined In Latin America, Jack William Mccloskey

Honors Theses

Maintaining a stable currency with economic growth and prosperity has always been an obstacle for countries in Latin America. Debt crises and high poverty rates have plagued economies in the region for decades now. A possible solution to these problems is a shared currency. This approach has positive and negative attributes, and other solutions are also discussed.


The Effects Of Trade And Other Factors On Income Distribution: The Cases Of Chile, Dominican Republic, And Venezuela, George G. Lluberes Apr 2011

The Effects Of Trade And Other Factors On Income Distribution: The Cases Of Chile, Dominican Republic, And Venezuela, George G. Lluberes

Honors Theses

This thesis examines the factors affecting income distribution in Latin America, specifically, the cases of Chile, the Dominican Republic, and Venezuela. The focus of this study is to identify economic, as well as, political factors that may be causing the inequality levels of income distribution to increase or decrease within the countries previously stated. Economic factors investigated include freedom to trade, trade as a percentage of GDP, economic growth, and educational enrollment levels. Furthermore, the political factors analyzed in this thesis are: corruption levels, legal structures, security of property rights, rule of law, democratic or non-democratic status, expenditure in social ...