This paper examines how certain new structural factors have contributed to the latest great financial crisis and world recession of 2008-09. We focus on three of these structural factors: (i) the incorporation of highly populated countries into the growth process; (ii) The increasing scarcity of...

Three new structural factors underlie the latest great world crisis: (1) the incorporation of highly populated countries into the growth process; (2) The increasing scarcity of the environment and certain natural resources; (3) the dramatic concentration of wealth and income in the advanced...

The future of dairy farming in Ireland is examined. The effects of a strong macroeconomy, Agenda 2000 and domestic policy on milk quota transfer are analysed using linear programming and Markov Chain analysis. Results show that all farms are subjected to a price-cost squeeze. Smaller dairy farms...