Which comes first? As economists become more and more willing to investigate this relationship, we may be inching closer to an answer. Joel Lee explores the expanding field of cultural economics.
It’s no secret that Millennials love to travel and explore the world. But given the budget constraints of the average twenty-something year old, is it really the wisest hobby to indulge in? Julia Pham and Justin Liu battle it out in an #ESSADebate on whether you should pack your bags, or stay put. Have a read, and then vote for your favourite in our poll below!
David Huang discusses the impact disruptive innovations can have on our 21st century world.
In recent years, the interrelationship between ‘free markets’ and morality has become increasingly apparent. Stories of corporate corruption, unethical animal testing and the exploitation of workers in third world countries arise frequently in the media.
Twelve years after being named the next global economic powerhouses, the Brazilian, Russian, Indian, Chinese and South African governments, also known as the BRICS economies, have decided to embrace a de facto union, and had numerous economic meetings between the countries’ leaders. The group demands international attention. Brazil can offer the world enormous amounts of agricultural goods, China is the world’s second largest economy with a massive cheap labour force, India offers itself as a source of inexpensive intellectual resources, and Russia is now the world’s largest mineral exporter. The group are now considering making a formal alliance, following a meeting of all five countries in Durban.[1] Such a move would most likely create one of the world’s most powerful unions of the twenty-first century, and surely the most diverse we have seen thus far.
Culture matters. In every aspect of our life and there is no doubt about it. CSR is such a product of corporate activity that it undeniably has its own cultural “face”. Many scholars have already acknowledged the existence of these differences and highlight culture as one of the main factors among drivers of CSR.
Let’s look at the issue from the perspective of our own everyday experience and observations.