Sample Economic Essays

What Are the Effects of Obesity on the Global Economy?

Obesity is a global epidemic that has both health-related and economic implications (Flegal, Carroll, Kit, & Ogden, 2012). As obesity rates have trended upwards over the past several decades, the costs of treating this condition and its related co-morbidities (e.g., diabetes, metabolic syndrome, cardiovascular disease) have risen substantially (Flegal et al., 2012). In the United States, approximately 67 percent of all adults are considered obese, and more than 2 billion individuals worldwide can be classified as obese according to the Body Mass Index scale (BMI, Hammond & Levine, 2010).

Though the causes of these high obesity rates are fairly intuitive, global economic costs are complex and multifaceted. In addition to direct medical costs to both local and global economies, obesity and its co-morbidities can also result in losses in workforce productivity and expenses related to human capital (Hammond & Levine, 2010). A recent report by the McKinsey Global Institute on the direct and in-direct costs of obesity on the global economy indicated that this condition is responsible for more than $2 trillion each year (Dobbs et al., 2014). As the rate of obesity is expected to rise from about 30 to 50 percent by 2030, these costs are likely to continue to increase (Dobbs et al., 2014).

Obesity is also responsible for nearly 5 percent of all deaths worldwide, and its related expenditures are approximately equal to smoking and war (Dobbs et al., 2014). As the causes of obesity generally begin during youth, addressing these substantial costs will require a longitudinal approach aimed at modifying youth lifestyle behaviors like diet and physical activity (Reilly & Kelly, 2010). While interventions aimed at treating obesity and its related causes will also prove to be costly for the global economy, the expected rise in obesity rates and associated expenses certainly justify increased efforts in this area (Reilly & Kelly, 2010).


Dobbs, R., Sawers, C., Thompson, F., Manyika, J., Woetzel, J. R., Child, P., & Spatharou, A. (2014). Overcoming obesity: An initial economic analysis. New York: McKinsey Global Institute.
Flegal, K. M., Carroll, M. D., Kit, B. K., & Ogden, C. L. (2012). Prevalence of obesity and trends in the distribution of body mass index among US adults, 1999-2010. Journal of the American Medical Association, 307(5), 491-497.
Hammond, R. A., & Levine, R. (2010). The economic impact of obesity in the United States. Journal of Diabetes, Metabolic Syndrome and Obesity, 3, 285-295.
Reilly, J. J., & Kelly, J. (2011). Long-term impact of overweight and obesity in childhood and adolescence on morbidity and premature mortality in adulthood: systematic review. International Journal of Obesity, 35(7), 891-898.

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Economics Essay Samples

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Economics Essay Examples

Research Paper: The Economic View of High Price Gasoline Impact on Automobile Sales in USA Market from 2002 to 2006

Nowadays, the situation in gasoline industry worldwide is considered to be quite serious and some countries can even face the real threat of a profound economic crisis caused by high prices of oil. Even such economically powerful countries as the US are affected by high prices gasoline but the consequences of such a situation are still worthy to research. In this respect, the impact of high gasoline prices on automobile sales, and consequently, on automobile industry is one of the most serious problems that economists are expected to solve. Continue reading →

Essay on the Advantage of Canadian Unionization of Work Force Compare to the US

Traditionally, the unionisation of work force in Canada is considered to be more advanced than in the US. Such a difference between the development of unionisation in the neighbouring countries may be explained by a variety of factors but the primary role play the difference in legislation, historical development and mentality of Canadians and Americans. Continue reading →

A Critical Analysis of the Institution of Economics

This paper is a critical analysis that investigates the Institution of economics stressing its strengths, weaknesses and problems. It describes the importance of the Institution and its constituents, such as economic system, subsistence economy, conspicuous consumption, market forces, corporate capitalism and corporation. Continue reading →

The Future of the Strong Dollar Policy

To operate efficiently the US economy requires about 5 billion dollars daily investments, generally from abroad. The country has a trade balance deficit of about 600 billion dollars and the budgetary deficit of more than 450 billion dollars. Under these circumstances, the government should start implementing the “weak dollar” policy in order to make the exports cheaper, the imports – more expensive and finally cover the difference between the exports and imports value. But there is one serious reason why such policy is unacceptable – decreasing the dollar’s value means reducing investor’s profits. Continue reading →

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