The United States offers a stable economy for the semiconductor industry but one that is not growing as rapidly as some of the other key markets. In 2004 the GDP for the United States was estimated at $11.75 trillion with a GDP growth rate of 4.4%. The United States is not expected to experience a...

The argument for and against Britain and the Euro There are twelve countries in Europe that currently have the Euro as their currency. Britain has, so far, refused to change its currency, the pound sterling, to the Euro. There would be many advantages of having the Euro and many advantages of not...

On the 1st of January 1999 the euro became the official currency of over 300 million Europeans in 11 of the world's most developed nations. Austria, Belgium, Finland, Germany, Greece, Ireland, Italy, Luxemburg, the Netherlands, Portugal and Spain have all opted to gradually phase out their nati...

The Euro has existed in one form or another for well over a decade. After much debate and scrutiny in 1991, it was decided that the Euro would be introduced. It officially became the currency of eleven European nations: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherl...

The European Unification 500 years ago, the European age began. Portuguese seafarers swept Europe out of the medieval age, and boldly helped Europe to grow. During the European age, constant wars were fought among the many nations that made up Europe. By 1945, Europe had all but destroyed itself...

The Economy Of The Czech Republic The government of the Czech Republic faced a political and financial crises in 1997 shattered their image as one of the most stable and prosperous post-Communist states. This somewhat new republic, despite the financial tribulation, has been able to reduce ...

Of all of the former communist states in Eastern Europe, the Czech Republic has perhaps had one of the most interesting and promising transformations to a market-system economy. Until a currency crisis in 1997, the Czech Republic was considered a role model transforming Eastern European nation. Dur...

Italia. The land of fashion, food, fun, and beauty. When the Italian's call their land Belpaese, the beautiful country, they are not joking in the least. From the gorgeous Colosseum in Rome to vinyards in Sicily, there is never too much to see and take in in Italy. Italy became a nation state in ...

The Spanish, the Dutch, the French, and the English all practiced mercantilism. A term meaning that the world's wealth was finite and that only one nation could grow rich if another one failed. A nation had to extract more gold from a foreign land and export as little as possible to other na...

American Economy in Today's World It is often wondered how the superpowers achieved their position of dominance. According to time magazine, to be a superpower, a nation needs to have a strong economy, an overpowering military, immense international political power, and related to this, a stron...

Analysis of Luxembourg Introduction The purpose of this essay is to discuss the history, economy and politics of Luxembourg. First I will start by briefly discussing the history of Luxembourg and the recent economic trends and political structure of Luxembourg. Then I will discuss the cou...

A single currency has always been a dream for many European countries, as it would symbolize stability and unity, both economic and political. The Euro was launched in 1999 amid much Euro-phoria. Many people believed that the Euro would replace the dollar as the main international currency: a medium...

Mad Cow Disease There are two new diseases in a growing line to plague humankind. Bovine Spongiform Encenphalopathy and its human form, Creutzfeldt-Jakob disease, better known as mad cow disease, are new kinds of diseases that appear to be unstoppable. Mad Cow disease is caused by a mutated ch...

Right Wing Resurgence: Short Term Trend or Long Term Turmoil? In the mist of a disgruntled working class, one Austrian born man rose to power, playing on their fears of immigrants, unemployment and globalization. By mixing social populism, xenophobia, German nationalism with personal charisma, ...

In what might become a key issue in the November election is China's entry into the World Trade Organization (WTO). In case you haven't noticed the WTO has been a key issue over the past couple of months. Groups have been blaming the WTO for all the world's problems. "The WTO is an...

Beginning January 1st, 1995 the World Trade Organization was created from the remnants of General Agreement on Tariffs and Trade (GATT), which was established at the end of World War II. The WTO was established as a supreme-like international institution that created trade regulations and laws to ov...

The Euro The road leading to a European single currency began more than fifty years ago with the formation of the OEEC (Organization for European Economic Cooperation) in 1948 and the road still continues today. The implementation of this new European currency is about to take affect and even t...

Uniting the People and Government By the end of World War II, the nations of Western Europe all faced the burdens of the post-war economies. If not destroyed, a nation was in chaos and needed dramatic reconstruction. This is where democratic societies stepped in; recreation of sturdy government w...

Trade & Globalization Trade has the ability to raise the standard of living and make those who trade socially and economically better off. International trade has the ability to make all those involved in it economically better off. Indeed, the marked rise in global living standards over time...

Marshall Plan In the spring of 1947, the atmosphere in Europe was unstable and tense. World War II left behind misery, unemployment and a housing crisis. The cold weather intensified the severe economic and social dislocation that plagued the continent following the long and destructive war. At t...

Throughout the past centuries, much of our world's nations have converted from various types of governments to a democracy of some kind. Of all of the countries that have switched to this type of government, none have found this form of government to be undesirable. What is it that mak...

In this journal entry we ask ourselves who we are as Austrians. What does it mean to be an Austrian and come from our country? Today's Austrians are a complicated and interesting people. They have a long history closely tied with Germany. Both countries share many of the same policy issues, and...

It is very important for Slovakia to be a member of the European Union .It is the biggest goal of Slovak's government nowadays. But to become a member of the EU is a difficult and long process. There are many conditions which should be met before Slovakia can enter this union. The EU is the big...

Economic Reform in Poland and the Czech RepublicAfter the fall of communism, several different countries decided that it was time to reform both current economic and political policies. Two countries that have had major economic reforms are Poland and the Czech Republic. However, the process of that...

THE RECONSTRUCTION OF EUROPE AFTER WORLD WAR II Even while World War II war still being fought, leaders of the Allied powers began thinking about how to reconstruct Europe after the war. Winston Churchill of Britain, Franklin Roosevelt of the United States, and Joseph Stalin of the Soviet Union a...