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Full-Text Articles in Social and Behavioral Sciences
Specialization Vs Diversification: The Rise And Fall Of Windsor-Essex’S Automotive Industry, Mikal Fakhreddin
Specialization Vs Diversification: The Rise And Fall Of Windsor-Essex’S Automotive Industry, Mikal Fakhreddin
Major Papers
There is a longstanding debate between economic specialization, focussing on the production of a limited set of goods, and economic diversification, producing a wide variation of goods and services. While economic diversity boasts a stable and resilient economy, specialization claims to lead to rapid growth. This study explores both schools of thought, examining the strengths and weaknesses of both approaches, and applies them to Windsor-Essex as a case study on the city’s reliance on the automotive industry. This paper explores the rise of the automotive industry from the 1970s, examines unemployment rates following economic downturns, analyzes the economic state of …
The Economic Ferocity Of Policy, Giana Depaul
The Economic Ferocity Of Policy, Giana Depaul
Helm's School of Government Conference - American Revival: Citizenship & Virtue
Each day, as the Dow Jones rises and falls, Congress similarly passes and fails legislation. These two seemingly continuous cycles intersect to the point that the two structures appear affixed. For centuries, this has posed an age-old question: is it policy that influences the economic system or is it the economic system itself that molds policy decision-making? Renowned economist Adam Smith is famous for his works detailing the autonomous nature of the economic system. Smith views policy as only a small roadblock in the master strategy of the economic flow of life. The Great Depression and the 2008 Recession, however, …
The Global Reach Of China’S Economy, Jillian Fournier
The Global Reach Of China’S Economy, Jillian Fournier
Helm's School of Government Conference - American Revival: Citizenship & Virtue
The People’s Republic of China (PRC) has been establishing an edge over its competitors through its long-term strategic rise to power. The process of pursuing avenues for soft power and economic influence allows China to increase its presence in the global economy. The Belt and Road Initiative is an example of China’s economic development. This plan targets new trade routes and grows the economic reach of China through providing loans to underdeveloped regions. The process of investing in infrastructure around the world and providing financing leads to these countries becoming tied to China on an economic level. The competition between …