Economics Extanded Essay, Coursework for the IB Essay

Economics Extanded , Coursework for the IB - Essay Example Irrespective of the product or service that is being studied; it is apparent that all of a sudden the information flow has become more rapid, regulatory structures more oriented to free market structures and the movement of capital and permission to access local markets freer. This has prompted national businesses to target global businesses and the global businesses to target national markets. However lumpiness in the control of market shares is seen as yet which has tended to be diluted monopoly or monopolistic controls of the past and the structures have tended to turn, in general, to oligopolistic structures. Banking industry is no exception. Main features of banking industry, irrespective of jurisdiction have been a long standing history of business, ready demands for its products and services (baring economic downturns) and specific protection enjoyed from the national governments It has experienced a more benign and structured capital adequacy regimes in the form of Basle I an d now Basle II apart from a host of other suggestive and market discipline based stipulations. Fact remains that banks enable target customers to do the essential functions of saving, investing and storing money or money equivalents and therefore banks tend to have a loyal and core segment of consumers on most jurisdictions where they have chosen to operate. Spanish banks are no exception. This has spurred market control strategies from the banks and these strategies coalesce to determine as to what exact form of market does the banking industry of a particular time looks like. Literature has often pointed out to the extent of competition in the banking industry: "Competition has become a recurrent topic in the banking literature. Specifically, during the last decade a great deal of empirical work has attempted to measure the level of competition prevailing in European banking markets. The beginning of the third stage of the Economic and Monetary Union, in January 1999, and the proj ected changeover to the Euro triggered the interest of researchers in this issue" (Rozas, 2007). This paper has the objective of examining the Spanish banking industry and to ascertain, if over the years, such an industry has come to acquire the market form of an oligopoly. This done through an in depth literature review where major arguments are sourced and analyzed and conclusion arrived ,on the basis of such an analysis, if the present day Spanish banking industry resembles a oligopolistic structure. Research Methodology Competition studies in banking industry of various jurisdictions is a very well thought out and researched topic and the literature in this area is rich with several aspects being already examined through deep empirical and theoretical research. Literature also has in store several models of depicting the shape and structure of the markets in which banking industry of a particular jurisdiction finds itself apart from listing and analysis of the various important factors that have caused the present

Qualifying Exam Practice Essay Example | Topics and Well Written Essays - 2500 words

Qualifying Exam Practice - Essay Example Recently, some certain theorists made focus upon the vast stands of the opposing paradigms in the ultimate pursuance of theoretical clarity in this matter of voter legislation. Nonetheless, it now appears as if it is a renewed matter in integrating and infusing social theories towards a more known and balanced paradigm (Bell, 1992). The article of voter legislation woes, does review some of these considerations that should be highlighted by the parliament, and hence encourage further inquiry and progression into the social theory models, especially as they link to the conflict in question, and its resolution application both locally and internationally. Moreover, certain key concepts would be proposed as a continuous step toward attaining this objective in the United States of America. The initial step relates to a theoretical widening of C. Wright’s concept of sociological imagination. The second step is postulated by George Ritzer’s interest in meta-theories and it ex plains the infusion of ideas from his Major levels of social analysis model. The last one concerns the exploration of new dimensions and entails the dynamics of the social cubism model by Sean (Bew, 1990). With the fall of communism and the Cold war geo[[political order, three interlinked tendencies surface namely, the growing disempowerment of ideologies based on modern rationality, the formation of a new transnational order with an integrated financial mechanism, standards and measures of production and consumption, and the relative fall of the centralized nation state, and modern territorial sovereignty. When viewed critically, all these had an effect on the current voter identification legislation issue of the United States of America. The rise of ethno political conflicts can be shaped by both indigenous aspects and global limitations. Levels of communal linkages shape such conflicts. For ethno political conflicts, both the relations and the international system that occur amon g the nations states must be taken into consideration. In the international system, the circulation of capital, ideologies, and the use of certain crucial powers affect the rise of conflict between and within states (Bell, 1992). The importance of micro-national problems state that structures brought ethno political conflict leading to micro and macro tensions and issues of stalemates. The state can be considered to be losing some aspects of its original power of a self-identity by itself, which is a common, and a self-governing legitimacy. Social and class identities, can be replaced in some scenarios with ethnic, religious, and affiliations having territorial origin. Moreover, the new identities try to portray self-determination, appreciate group definitions and norms, and bring about ethno territorial mobilization, ethno political issues, fragmenting of the state, and not forgetting regionalism around the globe. Globalization works to enforce these local certainties and relations hips in response to the economic identity created by the world markets in the transnational order (Bew, 1992). Nowadays, research on ethno territorial politics typically examines politics, and not forgetting economic structures, so as to emphasize the competing interests of groups, or tend to utilize a psychoanalytic method to emphasize the aspect of both cultural and psychological