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One of the significant developments associated with the increased globalization of economic activity since the 1970s has been the rise of city-regions as a key scale of economic management. One model that has been used to understand this trend is the 'global city' model - first popularized by Saskia Sassen & later by Peter Taylor. This model contends that cities serve as key nodes for international exchange due to their concentration of advanced producer services. According to Rutland and O'Hagan (2007), what kind of knowledge do these services rely on, and what is needed for the exchange of this knowledge? According to the Pain (2008) reading and class discussion, which kind of advanced producer service is most important for the 'global city'? One challenge that the rise of city-regions present is a tension between their economic functions and their political power. Most city-regions have informal, rather than formal, governance models. According to Harrison (2008) reading, what are key features that characterize the formal 'city-region' governance model?
Genentech owns a patent on tissue plasminogen activator (TPA), which is an enzyme that helps the body break down blood clots. TPA is particularly valuable to cardiac patients, since it often allows heart problems to be treated with medication rather ..
When the price of an inferior good declines, does the substitution effect tend to increase or decrease the quantity purchased of that good? Explain and show graphically.
To be successful leaders in the global business world of the 21st century, managers must consider economic trends, behavior, and ramifications of economic decisions. Managers must also balance the pressures to react in the short term and plan for the..
Compute the after-tax rate of return for this investment situation, assuming a 46% incremental tax rate.
Which of the subsequent is always true after an economy reaches balanced growth equilibrium.
Comprehend the implications of Vision 2020, government policies, culture and historic contexts on businesses and Discuss the implications of globalisation
Adverse selection can occur when: a. one party has information not available to the other party. b. incentives result in one party not reaching an agreement with the other party. c. all parties have full information. d. information is not full but bo..
A competitive firm’s production function is y = 6√ x1 + 8√ x2. The price of factor 1 is $1 and the price of factor 2 is $4. The price of output is $8. How much of each factor should the firm use to maximize its profit? How many units of output will t..
When people expect recession, they fear spending and thus resulting in reduced investment and declining aggregate demand (AD).
If Ontario decided to make post-secondary education free, how would this affect the economy
Show that each of these has a diminishing MRS but that they exhibit constant, increasing, and decreasing marginal utility, respectively. What do you conclude?
The primary difference(s) between the standard deviation and the coefficient of variation as measures of risk are: the coefficient of variation is easier to compute
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