...government has been declining since the 1960s. The effect of the declining trust has been proven to hinder domestic policy, foreign policy, and influence elections. As stated by Hetherington & Husser (2012), “Put simply, people need trust in government to support more government”. Now, trust in government has become the center of attention for our government, the media, and American citizens alike. Therefore, I will briefly discuss the history of the decline in public trust, current public trust, and actions that could be taken in order to restore public trust. The history of the decline has been pinpointed to the decade of the 1960’s. During this decade, we faced “diverse social conflict, followed by the Watergate scandals, and a decade of economic decline” Milakovich & Gordon (2013). Public trust continued to plummet and bleed over into the late 1970’s during the “taxpayers revolt” and was “followed by decentralization, deregulation, and devolution of decision-making authority from the federal to state and local governments, in part as a reaction against perceived bureaucratic excess” Milakovich & Gordon (2013). It wasn’t until the 1980’s that the trust began to escalate during the first term of President Ronald Regan. President Regan brought hopes of “tax cuts, higher corporate profits, and less regulation of the economy” Hetherington & Husser (2012). However, it wasn’t long before the trust began to push downwards during President Regan’s second term, when...
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...Vietnamese economic has changed rapidly due to the globalization. Until 1986, Viet Nam had operated as a centrally planned economy with significant inputs of aid from the Soviet Union. Viet Nam was closed to Foreign Direct Investment (FDI) until the adoption of renewal policies. In 1987, the first foreign investment law was passed. Since then, the FDI legislation has been revised four times - in 1990, 1992, 1996 and 2000. The increased integration of the Vietnamese economy into the world economy during the 1990s has been accompanied by rapid economic growth and a reduction in poverty. The globalization has affected the countries in the Mekong Sub-region in different ways, Vietnam just very recently have started to open up the economy, and changed the tourism policy-both aspects that affect trafficking a great deal. In 2007, Vietnam joined in the World Trade Organization (WTO). This leads us to believe in that Vietnam is inclined to increasingly participate in this “flat world”. Secondly, Globalization is the system of interaction among the countries of the world in order to develop the global economy. Since 1986, Vietnam has been conducting a process of economic innovation. It has been steadily opening its economy to be able to integrate into the global marketplace more and more. During this time, Vietnam has greatly changed. This essay will discuss the effects of globalization on Vietnam with 2 forces: Economic and socio-cultural. Secondly, this is clarifying the impact...
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...‘An ideological battle between social democracy and democratic socialism.’ Discuss with reference to the policies and programs pursued by the Labour Party. Democratic socialism was popular in the first half of the 20th century and proposed that socialism could be achieved through peaceful, parliamentary means; like the ballot box. It puts emphasis on the promotion of working class and collective movements like the trade unions. Democratic socialism also believes in state ownership, an extensive welfare state and equality of outcome over liberty. Social democracy on the other hand became popular after the support of democratic socialism had faded; this was partly due to the decline in the working class but also because of the economic boom after the Second World War. Social democracy is a form of revisionist socialism and advocates for some state regulation in a mixed, largely private economy. Equality of opportunity is important along with freedom and fairness being of more importance than equality of outcome. The division between the two ideological stances has occurred throughout the labour party’s history. Under Ramsey Mcdonald in the 1920’s and 30’s the labour party took a democratic socialist stance, as this was the first time there was a labour government, the party was focused much on the left, concentrating on promoting the welfare of working class people demonstrated by Mcdonald’s Coal Miners act that introduced a minimum wage for a year and improved working conditions...
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...oneyʹs function as a medium of exchange is enhanced. M C) t causes an economy to suffer slow growth. I D) oney loses value so rapidly that firms and individuals stop M holding it. 2) hich of the following would you expect to lead to increases in W domestic interest rates and an appreciation of the domestic currency? A) xpansionary monetary policy e c B) ontractionary monetary policy C) xpansionary fiscal policy e D) oth B and C. B 3) eteris paribus, an unexpected increase in the current or actual rate of C inflation will cause A) he long run Phillips curve to shift leftward. t B) he short run Phillips curve to shift upward. t C) he unemployment rate to decrease (a movement along the short t run Phillips curve). D) xpectations of future inflation rates to be revised downward. e 4) he interest rate on a Treasury bill that you pay $980 for today that T matures in one year and pays $1,000 is A) percent. 2 B) percent. 4 C) percent. 3 D) percent. 1 5) he international trade effect states that T A) n increase in the domestic price level will raise net exports. a B) n increase in the domestic price level will lower net exports. a C) n increase in the domestic price level will raise exports. a D) n increase in the domestic price level will lower imports. a 6) cott is a woodworker and charges $125 an hour for his time S manufacturing custom-made wood...
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...Real World Applied Learning Project: Personal Products (PG) A Basic View of Fundamental of Stock Market Fundamental Analysis: 1. Discuss the impact of the general level of economic activity (Observe the performance of the 10 leading indicators for the past 6 months. Compare this with changes in stock prices and interest rates http://www.conference-board.org/pdf_free/press/TechnicalPDF_4457_1334824007.pdf Comments: from September 2011 to Mar 2012, the US leading index has slightly increased from 93.2 to 95.7. In the same period, the Lagging index has been similarly increasing from 112.1 to 114.4. The increasing leading index shows that our economy is growing slowly but should continue with a positive economic outlook. The Lagging Index is growing too and could indicate things aren’t going well. Although with some research it is shown that unemployment is down. The reason for the slow growth in the lagging index is from commercial and industrial loans outstanding have increased. It shows the U.S. economy is growing slowly and should continue that way for the next several months. Comments: From September 2011 to March 2012, you see an increase in several major leading indicators. The average weekly claims of state unemployment insurance have vastly declined from 408.3K to 364.4K. This shows that the economy is improving with more employment available. New orders for consumer goods have increased steadily in this time period from 116,882 to 121,511. Demand...
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...labor unions can be divided into two types: craft unions and industrial unions (World, 1998). A craft union is a union whose membership is restricted to workers who possess an identifiable skill (Robinson, 1985,p. 69). These members tend to be better educated and trained, and more unified because of common interests (World, 1998). An example of a craft union is the United Food and Commercial Workers International Union (World, 1998). On the other hand, an industrialized union is a group of workers who have a variety of skills and job types but work for the same industry (Parkin, 1998, p. 344). Unions of this type include the United Steelworkers, United Auto Workers, and the United Transportation Union (Boone, 1996). History from the 1870 s to 1900 s. The first national union founded in Philadelphia in 1869 in the pre-Civil War period was the Knights of Labor, which intended to include all workers (Encyclopedia, 1996, p. 630). For a decade, this organization grew at a slow pace due to operating in secrecy...
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...[pic][pic] [pic][pic] Top of Form [pic] Bottom of Form Syllabus | Exams | Websites | Resources | Glossary | Teachers Modern History Home > Modern History > International Studies in Peace and Conflict > The Cold War 1945-1991 > Overview of US-Soviet relations and the Cold War The Cold War 1945-1991 Overview of US-Soviet relations and the Cold War David Mclean Charles Sturt University Principal Focus: Students investigate key features and issues in the history of the Cold War 1945 - 1991 Outcomes Students: H1.1 describe the role of key features, issues, individuals, groups and events of select twentieth-century studies (Extract from Modern History Stage 6 Syllabus Board of Studies NSW 2004.) Key features and issues: • origins and development of the Cold War • influence of ideologies on the Cold War • impact of crises on changing superpower relations • the arms race • reasons for the end of the Cold War This is the transcript of a talk given at a seminar co-sponsored by the History Teachers’ Association of New South Wales and the US Information Service in Sydney on 2 September 1995. From this tutorial you will learn about: • influence of ideologies that led resulted in the division of the world into two opposed camps from 1945 • emerging differences between the superpowers Contents 1. US – Soviet relations were not synonymous with the Cold War 2. Chronology of the Cold War 3. Influence of ideologies of communism and capitalism on the Cold...
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...NBER working papers are circulated for discussion and comment purposes. They have not been peerreviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2011 by David E. Bloom, David Canning, and Günther Fink. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Implications of Population Aging for Economic Growth David E. Bloom, David Canning, and Günther Fink NBER Working Paper No. 16705 January 2011 JEL No. J14,J15,J21,J26,O1,O4 ABSTRACT The share of the population aged 60 and over is projected to increase in nearly every country in the world during 2005-2050. Population ageing will tend to lower both labor-force participation and savings rates, thereby raising concerns about a future slowing of economic growth. Our calculations suggest that OECD countries are likely to see modest – but not...
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...them. For future reference within this essay, I am going to be looking at L.A. as the Greater Los Angeles Area, which includes the city of L.A. and other interconnected urban areas so as to avoid confusion on where possible boundaries are drawn and also to have a greater area from which to draw comparison from. Socio-Economic History Leading to Contemporary Inequality The situation Los Angeles is currently in can be attributed to the combination of events occurring over the last 50 years where the city experienced rapid economic growth whilst also receiving a large influx of international migrants. This economic growth was primarily driven by the emergence of L.A. as one of the major industrial centres on the West coast in the late 1960s and the development of it’s banking sector (Scott and Soja, 1996). L.A....
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...Assignment 2 Sociology of Developing Countries – SOC 300 02/18/2012 Discuss the growth of urban crime in the Third World, the major obstacles to reducing crime, and the possible political consequences of rising crime rates. Crime The word crime, in the terms of criminal law, is an act which is punishable by the law of the land. All crimes are evil acts. However, some crimes are those acts which are not punishable by the law of the land, even though they are evil acts. A person who is involved in crimes is known as a criminal. The word crime, in a broad sense, is defined as an act which violates either a political law or a moral law. In the narrower sense of the term, the word crime is defined as a violation of the criminal law. Most violations that take place at traffic signals on the roads are considered to be breaches of contracts, but they are not considered to be crimes in the legal sense of the term. Anything that is in violation of the penal code of a country is considered to be a crime. Third world The economically underdeveloped countries of Asia, Africa, Oceania, and Latin America, considered as an entity with common characteristics, such as poverty, high birthrates, and economic dependence on the advanced countries. The French demographer Alfred Sauvy coined the expression ("tiers monde" in French) in 1952 by analogy with the "third estate," the commoners of France before and during the French Revolution-as opposed to priests and nobles, comprising the first...
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...Population-Control-Policies and their Implications for Economic Growth in China Bachelor’s Thesis supervised by the Department of Economics at the University of Zurich Prof. Dr. Fabrizio Zilibotti to obtain the degree of Bachelor of Arts in Economics Author: Noemi Schramm Course of Studies: Economics Closing date: August 17, 2011 Abstract This bachelor thesis is giving an overview on previously performed research how family-planning-policies in China (explicitly the so-called One-Child-Policy) have affected economic growth since 1979 and tries to give possible predictions and forecasts on how it could affect economic growth until 2050 through critical model analysis. The Solow model gives theoretical answers but also yields analytical results through calculations subject to different population development scenarios (low, middle, high growth rates). The dependency ratio as a measurement of population age structure is analyzed and implemented into the Solow model to help understand the influence of family-planning-policies. It is shown that the One-Child-Policy affected heavily the last 32 years of China’s economic development and will continue to affect its future, but according to the calculations in this paper, the impact changes from a positive one to a negative one. Acknowledgements I would like to thank Professor Fabrizio Zilibotti for his supervision and for giving me the opportunity to write my thesis at his chair. Especially I would like to thank Yikai Wang for...
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...world. Through these acquisitions of various retail chain and wholesale distributors, Luxottica has been able to establish itself as a forward vertical integrated global firm. Furthermore the firm’s ability to manage and market its own brands around the globe presents us with a great example of strong brand development. “Today Luxottica’s worldwide strategy is mainly global with a high level wof standardisation and low adaptation. Do you see any room for adaptation strategies in price, promotion, distribution or products”. (Ghauri & Cateora, International Marketing, 2010) A strategy of high standardisation and low adaptation has certain benefits which are cardinal for a firm which is as large as Luxottica, a few of benefits being economies of scale in production and marketing plus a uniform brand image. These benefits provide the firms significant cost reduction in production and marketing, but it can backfire as well because of the different in cultures across the world. An example of this strategy backfiring is stated in (Cateora, 2010) is of Colgate-Palmolive which...
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...Professor: Mr. Wilberne Persuad Contents Introduction: 3 Literature Review: 4 Background: 4 Further look at the IMF: 4 The World Bank: 5 Loans facilities offered by the IMF: 5 Definition of Caribbean Business Environment (The Small Open Economy Model): 6 Characteristics of the Caribbean Business Environment: 6 Definition of a Financial Crisis: 7 What causes a Financial Crisis to occur? 8 Conclusion: 9 Descriptive analysis 10 Methodology 15 Conclusion 16 Social Instability: 16 Further look at the impact of the IMF’s procedures/objectives: 16 Potential Threat 17 Policy Responses: 18 Internally: 18 Externally: 18 Bibliography: 20 Introduction: This research paper aims to analyze the process of The International Monetary Fund in Barbados and how the country was affected by their guidelines. Barbados has been said to be one of the developing countries within the Caribbean Business Environment. However due to external shocks as well as weak domestic policies, Barbados was forced to ask the IMF for their aid as a last option, to stabilize the country’s economy. This research paper intends to highlight that the significance of The IMF as well as the impact as it relates to small open economies. There will be a literature review informing all of the relevant information pertaining to the general subject topic. Afterwards, a case study will be presented on Barbados and our findings. Once all the information has been disclosed, a conclusion...
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...| Secretary General | Abdallah el-Badri | Establishment | Baghdad, Iraq | - | Statute | September 10–14, 1960 | - | in effect | January 1961 | Area | - | Total | 11,854,977 km2 4,577,232 sq mi | Website www.opec.org | | Currency | Indexed as USD-per-barrel | | | | Current members OPEC has twelve member countries: six in the Middle East, four in Africa, and two in South America. Country | Region | Joined OPEC[25] | Production (bbl/day) | Algeria | Africa | 1969 | 2125000 !2,125,000 (16th) | Angola | Africa | 2007 | 1948000 !1,948,000 (17th) | Ecuador | South America | 2007[A 1] | 0485700 !485,700 (30th) | Iran | Middle East | 1960[A 2] | 4172000 !4,172,000 (4th) | Iraq | Middle East | 1960[A 2] | 3200000 !3,200,000 (12th) | Kuwait | Middle East | 1960[A 2] | 2494000 !2,494,000 (10th) | Libya | Africa | 1962 | 2210000 !2,210,000 (15th) | Nigeria | Africa | 1971 | 2211000 !2,211,000 (14th) | Qatar | Middle East | 1961 | 1213000 !1,213,000 (21st) | Saudi Arabia | Middle East | 1960[A 2] | 8800000 !8,800,000 (1st) | United Arab Emirates | Middle East | 1967 | 2798000 !2,798,000 (8th) | Venezuela | South America | 1960[A 2] | 2472000 !2,472,000 (11th) | Total | 33,327,700 bbl/day | WHAT IS OPEC – Summary? The Organization of Petroleum Exporting Countries (OPEC) was founded in Baghdad in September 1960 by 5 developing countries – Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. OPEC currently has...
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...Pakistan: Causes and Remedies Introduction Pakistan is currently facing unprecedented high Inflation. High inflation is contributing to increase in vulnerability and fall in real income of lower, middle and fixed income segments of the society. It is increasing uncertainty about future scenario of the business environment and instability of the financial system, erosion of business and investors’ confidence, slowing down of real economic activities, investment, economic growth and employment. Inflation is known as a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, there is a decline in the real value of money and purchasing power. Inflation is an indicator of a country’s macro economic stability and provides important insight on the state of the economy and the sound macroeconomic policies that govern it. A stable inflation not only gives a nurturing environment for economic growth, but also uplifts the poor and fixed income citizens who are the most vulnerable in society. A numerous supply side and demand side factors could be responsible for this surge in inflation. Inflation can be a result of shocks to the supply of certain food items and to world oil markets. Rising oil prices can pose risk of increase in prices of almost all other commodities of the consumer basket. Such supply-side shocks are very volatile and can cause...
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