...To chop or not to chop The article to chop or not to chop is about how deforestation of the Amazon from Brazil has negative and positive effects on both the environment and the economy of either the countries or the world, it is debating whether or not the Amazon should be cut down to improve Brazils economy or whether it should be left alone and protected. The rainforest is being chopped down mainly due to land and money, because in Brazil their main source of income is from logging, also it is caused by farmers who are looking for land to grow more crops to go in and chop them down to create more space for their crops and for cattle ranching. The government wants to cut it down because it is improving their economy due to the increased value of wood being exported from Brazil and they don’t want this to stop as it is improving their economy and so improving the quality of living for their population. The good things about the Amazon being cut down is that it improves the economy of Brazil by increasing the amount of available jobs and by improving their trade with other countries, it also benefits us due to us being able to get cheaper imported wood. Also it increases the area that people can live in due to their being more space for houses and families so that their standard of life can be improved. The bad things about the Amazon being cut down is that there are less trees to absorb carbon dioxide because each year it absorbs about 1.5 billion tons of carbon dioxide...
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...international relations in terms of economy and political issues. The new international order has affected greatly in many fields of the world, especially the economy. This research paper considers how changes in the international order influence employment and focuses on relations factors which can affect the usefulness of this research paper. The study indicates that China has reached a peak after reforming and become the second’s largest economy in the world. This leads to significant variations between the economy of US and China in manufacturing. Additionally, the US’s economy and China’s economy play a main role on the world’s economy and has huge influence on employment. With regard to the establishment of international organizations and associations, it is concluded that the appearance of the international organizations and associations has significant impacts on the world’s employment. Finally, how employment will be affected by changes in political relationship among countries, such as US and Vietnam and US and Cuba. In this research paper, the information will be collected from articles, websites and online newspapers. In recent years, wars between nations no longer occur. Peace, friendship and cooperation among countries are always a top priority. The value of collaboration occupies a significant position in today's society. At the same time, countries start focusing on promoting economic in order to enhance their position in the world’s economy. There are various ways for...
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...What is the U6 rate for the US economy in January 2015? Over the last few years unemployment rate have hit its highest mark at 16% - 17%. As 2015 arise the unemployment rate is dropping to about 11%, which is the lowest rate in 6 years. There are many reasons why the economy is improving in the last couple years. One of those reasons is that we are trying to keep jobs internally instead of outsourcing them to other countries. Another is that the tax brackets have been changing over the last couple years to help lower in come and give more money back to our citizen. In 2014 there was an article written by CBN called “Made in the USA: Regulations Keeping Jobs Overseas?” The reason behind this article was trying to bring as many jobs back to America as possible. Why would companies come back to America one it would cost them more money, second it will take longer to develop millions of products. Companies outsource to other countries because one their parts and labor is cheap and second they will get it done faster than the average Americans. These countries that we send them too China, Indonesia, Vietnam and etc.… are considered slavery country or in other terms third world countries. The reason labor is cheap over there is because of inflation and how other countries use their currency by keep producing more money which decrease their values. According, to studies third world countries that are lower class are less likely to be successful in their lives or the children...
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...Pros and Cons of Nafta After 20 Years Oscar Eduardo Parra Díaz 23/10/2014 INTRODUCTION: Through this document, we will review how NAFTA have been improving the economy of the countries involved after 20 years. We are going to see how well it has been for them and how it has been affecting positively and negatively the commerce between the countries and others. Mexico is maybe the country with more dependence to this treaty because of the imports and exports that every day are involved between Mexico, USA and Canada. This dependence is more to the commerce with the USA and that could be considered as a problem to Mexico. DEVELOPMENT As said before, Mexico’s economy is based on the commerce that involves imports and exports with the United States. To Mexico, this represents 80% of commercial activity even knowing that they have 10 more treaties with other nations. Obviously this is not good for them because depending on how well is the economy of United States behaving is how well are going to be the incomes to Mexico because of the sells to them. This treaty have been improving and helping the growing of the 3 nations involved. As a matter of fact just a few years ago Mexico was considered to the United States their principal commercial partner just before China started to grow as fast as they did. That’s an important thing to consider and Mexico need to realize that their opportunity to do business with USA is everyday much more difficult because of competitors. In order...
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...Economy, Efficiency and Effectiveness Name Institutional Affiliation Government agencies are commissions appointed and granted powers and authority to oversee specific functions such as Bureau of economic analysis. Bureau of economic analysis provides economic statistics and its main function is to give a clear understanding of the economic status of the US by giving an accurate and relevant data. Cochran, J. (2013). A state agency may be of either national or state government. Performance measurement is basically managing production rate and its primary purpose is to reduce or get rid of total variation in the production process. The main purpose of measuring performance, is to help get to a better decisions. Performances generally tell us important aspects about products, services, and the processes of how they are produced. They are a helpful tool to understanding, manage, and improve what organizations do. Performance can also be measured in order to recognize the sum total of quality management. Jacob, I. (2011). Persons charged with the management of an organization have to implement change in the organization. Before implementing change in an organization, the manager has to know how and when to introduce the change, he or she has to freeze and unfreeze the change process in order to avoid resistance from the workers. The management team has to have appropriate information and knowledge to measure the performance of the institution. Currently there is no known standard...
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...the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. The problem could have been avoided, if ideologues supporting the current economics models weren’t so vocal, influential and inconsiderate of others’ viewpoints and concerns. Following a period of economic boom, a financial bubble—global in scope—has now burst. A collapse of the US sub-prime mortgage market and the reversal of the housing boom in other industrialized economies have had a ripple effect around the world. Furthermore, other weaknesses in the global financial system have surfaced. Some financial products and instruments have become so complex and twisted, that as things start to unravel, trust in the whole system started to fail. This study is focus on financial /economic crisis and its effect on the Indian economy and government policies and Indian financial service industry this paper attempts an analysis of the impact of the global financial crisis on the Indian economy and suggests some policy measures to put the economy back. Introduction The India’s financial sector is not deeply integrated with the global financial system, which spared it the first round adverse effects of the global financial...
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...IB Economics SL - Internal Assessment [Draft 1] Front Cover EF International Academy New York Candidate Name Candidate number Teacher Title of the article Avaneesh Chotalia T. Barnes Growth Accelerates, but U.S. Has Lots of Ground to Make Up NY Times http://www.nytimes.com/2012/01/28/ business/economy/us-economy-growsat-modest-2-8-percent-rate.html? _r=1&ref=grossdomesticproduct January 27, 2011 January 14, 2012 Source of the article Date the article was published Date the commentary was written Word Count (750 word maximum) Section of the syllabus the article relates to 627 Macroeconomics ! ! Growth Accelerates, but U.S. Has Lots of Ground to Make Up Scott Eells/Bloomberg News A welder at a Alstrom Heat Transfer in New York City. If the economy sustains its speed, it could ease the unemployment crisis. By CATHERINE RAMPELL Published: January 27, 2011 The American economy picked up a little steam last quarter, growing at its fastest pace in a year and a half. Whether it can sustain that momentum is critical to millions of Americans out of work — and perhaps President Obama’s re-election chances. The New York Times The nation’s economic output grew at an annualized rate of 2.8 percent in the fourth quarter, the Commerce Department reported Friday, probably putting to rest last summer’s fears that a second recession was imminent. Other reports this week on manufacturing and consumer sentiment offered similar, if mild, encouragement...
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...for US citizens, ensure price stability, supervise banks via regulation, provide financial services to banks, the US government, and foreign official institutions, and review and stabilize long-term interest rates. A seven person Board of Governors, also known as a federal agency, administers the Federal Reserve. Currently the Board Chair is Janet Yellen, the first woman to hold the position since the Reserve's creation in 1913. The Federal Reserve balances are affected by not only the Board but by the Federal Open Market Committee, which monitors monetary and credit market conditions within the US as well as foreign exchange markets (Board of Governors of the Federal Reserve System, 2015). The Reserve is an essential component in the current monetary and fiscal policy. The president and Congress are policy makers who seek to influence the economy with this monetary and fiscal policy. They seek legislation that changes taxes and increases or decreases government spending and borrowing. Central banks take cues from this legislation and therefore adjust interest rates, reserve requirements, and the buying and selling of government securities and foreign exchange (Horton & El-Ganainy, 2012). By expanding or contracting the US economy, policymakers seek economic equilibrium, which contributes to our national financial welfare and our welfare within the global economy. The Obama Administration Currently the Obama administration's economic policy seeks to boost our economy in...
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...Mark Taliercio Professor Skyers 5/10/12 QU301 Why are foreign wages so low? The world is a place populated with a diverse range of individuals. Due to differing backgrounds, individuals tend to have different opinions and different viewpoints towards certain situations. As a citizen of the United States, I have been raised in a society that professes equal freedoms for everyone in the world despite race, religion, gender or any other distinct differences. I feel that no matter where you are born, you are subject to protection under the Universal Declaration of Human Rights. It is the mission of the leaders of a country to ensure to their best ability that everyone is protected under these rights, and that no one is discriminated against. An article that I feel most countries in our global community do not abide by is Article 23. A portion of this article states “Everyone has the right to work, to free choice of employment, to just and favourable conditions of work and to protection against unemployment. Everyone, without any discrimination, has the right to equal pay for equal work.” (Universal Declaration of Human Rights, 2008) In America, for the most part, we see very fair employment conditions and treatment, with specific legislation enacted that protects against discrimination or unlawful termination. As citizens of a global community it is our obligation to respect the freedoms that everyone has the right to. Without equal participation in this community it ceases...
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...Miracle Economies Introduction: India’s record GDP growth of 8.49% per year in the five-year period 2004-09 is a case of improved productivity and | growth in states trickling up and aggregating into rapid growth at the national level. The acceleration did not originate in New Delhi. It originated in the states, especially the large, poor ones, and then trickled up. We have long viewed some states like Gujarat and Maharashtra as naturally fast-growing, and others like Bihar and Uttar Pradesh as irredeemable failures. We are used to thinking of Kerala as having good social welfare without growth, and of Punjab as the main economic dynamo north of the Vindhyas. Growth of Miracle economies: India achieved record annual GDP growth, averaging 8.45%, in the five years, 2004-05 to 2008-09. Historically, the chronically poor states were Orissa plus the BIMARU quartet (Bihar, Madhya Pradesh, Rajasthan, Uttar Pradesh), of which three have been sub-divided. These eight poor states participated in India’s boom. Indeed, five of India’s eight ultra-poor states have become miracle economies, defined internationally as those with over 7% growth. The best news comes from Bihar, historically the biggest failure. From 2004-05 to2008-09, Bihar averaged 11.03% growth annually. It was virtually India’s fastest growing state, on par with Gujarat (11.05%). That represents a sensational turnaround. Other poor states have done very well too. Uttrakhand (9.31%), Orissa (8.74%), Jharkhand (8.45%)...
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...Minimum wage has changed many times throughout the years. There are many people who are affected by the changes that are made. Many believe that raising the minimum wage is a good idea and have pushed for the increase. Minimum wage has many effects on the economy: helping families with the cost of inflation, helping businesses thrive, and can also cause job loss. When minimum wage is raised it creates more money for workers. The boost in pay for families helps them to buy necessities, such as food, clothing, housing, and transportation. When products become more expensive, it is hard for families who only make minimum wage to purchase these items. Government will then tend to step in by increasing the minimum wage to an amount that can help with these expenses. “In his State of the Union address, Obama pressed to raise the hourly rate in stages to $9 an hour in 2015, up from the current $7.25, and index it to inflation. The change, should it become law, would boost the wages of 15 million Americans, according to the White House (Luhby, 2013).” When minimum wage is raised it will help “lift 900,000 families out of poverty and increase the incomes of 16.5 million low-wage workers in an average week (Lowrey, 2014).” Increasing the price of minimum wage can help businesses to thrive. When more people are being paid an increased amount than before, it would cause them to increase spending after receiving their paycheck. With receiving more money, families will tend...
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...Yes, Germany did improve living conditions in Germany after the Great Depression as the economy grew stronger and encouraged the people to save by creating rewards as well as decreasing unemployment. There is also an argument against the improving of the conditions as Hitler abused and used people, when in fact the fame should not only be going to Hitler but to other parties involved. Unemployment decreased drastically between 1928 and 1938 shown in source a in 1938 unemployment was half a million people. You can see the increase of employment in 1932 and 1933 when the Great Depression hit Germany but you can also see the incredible decrease after the Depression, which shows how much effort and work, was put in to improve the conditions in Germany. Encouragement of saving and working hard was well regarded in people working towards a goal like saving and getting a car, source C indicates the save and reward term by giving the people something to achieve and live for. Strength was founded in working hard and thus created a joyous living as source F and source I are related by showing a sense of happiness within the people and the input of everyone working together. Industries boomed and the building of autobahns acted as a network to combine all industries and to let each industry grow and develop. Once again source D shows us the creation of jobs and living standards being improved by people earning a income which helped other industries boom which therefore created more jobs...
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...Discuss the impact of globalisation on economic development, with reference to an economy other than Australia. Globalisation refers to the integration between different countries and economies and the increased impact of international influences on all aspects of life and economic activity. China's economy has become substantially globalised since their economic reform in the late 1970s, and has thus experienced exponential economic growth and some economic development, which has aided their transformation from a developing to emerging economy. Evidence of globalisation in China can be seen in their international and trade-based financial flows, their ever-improving state of technology and communication and their increased level of alignment...
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...economic growth in many countries. They have also empowered individuals and communities with new ways of doing things, as well as transformed our ways of learning and sharing knowledge. The digital revolution has progressed to usher in an advanced phase of the information age with computer networking solutions that enable resources and information sharing even on a worldwide basis. The interconnection of computers, based on the internet protocol, has brought about greater efficiency and better information sharing and management. This revolution also means that constraints of time and distance have been virtually eliminated. Clearly, ICT is driving the global economy. People, businesses and communities with ready access to information technologies are better equipped to participate actively in the global economy. 1 DIGITAL REVOLUTION IN NIGERIA In Nigeria, the ICT Industry has been boosted in the last eight years with about 68 million telephone lines connected by July 2009. When compared to a total subscriber level of less than 0.5M in July 2001, the growth has no doubt been impressive. This rapid growth can be attributed largely to the enabling and conducive environment for investment with respect to government policy and regulatory regime. Market reform has helped to accelerate investment flow into this vital sector, resulting in the rapid roll out of networks. The rapid rate of deployment means faster access to...
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...Case study for Nucor steel company Case studies bring interesting, real-world circumstances in the study of business fields. Managers make different decisions in their companies, and each decision has a direct influence in revenue, costs, and profits. In analyzing the case study of Nucor steel company, different central firm issues, firm goals, the constraints to improving the firm and the relevant alternatives to counter the problems are addressed. To grow in steel market, metal producers are increasingly expanding territories, not only to better manage input costs, but also to secure access to strategic raw materials. With improving economies’ growth is expected to boost desire for many to purchase the product in the medium term. Steel producers and mini-mill companies are situated in the midst of a very competitive environment in both domestic and global scale which adversely affects their profitability. This competition among steelmakers is to capture a significant portion of the steel market in light of the fact that, the global supply of steel far exceeds the demand for steel products (Thompson, 207). The first competitive forces impacting steelmakers is the force to drive down the profitability of steel industry, steelmakers are primarily affected by the abundant steel supply versus demand, which depresses the market price of steel as a commodity. Competition among steelmakers is to lower product prices in order to capture a significant portion of potential customers...
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