...essay The similarities and differences between the Australian and Chinese Economies provide an interesting comparison of economic systems. China is one of australis closest trade neighbours and is of cultural, political and economic strategic importance to Australia. The Chinese Economy is considered a planned/command economy, where the government makes the decisions about production and investment. In comparison, the term to describe the Australian economy is a semi-planned/mixed market economy, where the private sector dictates most of the economy, with some government inva) making it the second largest economy in the world behind the United Stated in terms of economic size. The level of GDP/ capita in Australia in 2015 was $51,642 U.S dollars (listed by Knoema), which is contrasted with China’s level of G, ranking 2nd in the world with China ranking 101st in the world. Another component which is in contrast between the Australian and Chinese economy is Standard of Living, which is reliant on factors such as Human Development Index (HDI) , the popsicle index, happiness index, education index and level of healthcare. Human Development Index takes into consideration four factors: life expectancy at birth, gross national income per capita, mean years of schooling and expected years of schooling; to measure and rank countries’ level of social and economical development. While China has much more GDP than Australia, Australia has a higher Human Development Index...
Words: 271 - Pages: 2
...The Influences that Impact the Perception of Mental Illness in China and Australia. Mental Illness is depicted as an individual’s tendency to exhibit emotions, thoughts and behaviours that do not coincide with what are considered to be the societal norms (Manderscheid et al., 2010). Moreover, throughout history the perception has been that those with mental illnesses should be categorised as dangerous and unstable individuals. Undoubtedly, due to the negative connotations associated with these phrases, society has ignited a severe stigma leading to the “devaluing, disgracing, and disfavouring by the general public”(Abdullah & Brown, 2011) of individuals with these conditions. Although, this has been a long standing prominent issue all around...
Words: 1561 - Pages: 7
...POLI3001 Assignment No. 2 Briefly compare the political regime type in China and India. Which of the two would you prefer to do business in and why? India and China are two republics that have experienced very opposing political regimes throughout history. China has been fundamentally stable country with a lack of a distinct authority figure (Desai, 2003). Being a single party state China has been controlled by the Chinese Communist Party since the 5th National Congress held in 1927 (Wang, 2013). Correspondingly India, have always been a federal parliamentary democratic republic where the President of India elected is head of state and the Prime Minister elected is the head of government (U.S. Central Intelligence Agency, 2013). This essay will reflect on the political views of both China and India, and attempt to determine why it is more advantageous to do business in India. Government regulation is the process of dissemination, monitoring and enforcement of policy established by appropriate legislation. In, China regulation is central as particular industries are not accessible to foreign investors as the Communist Party aims to restrict external influences on its own population (Desai, 2003). An estimated 90 percent of companies listed on the Chinese exchanges are either partly or fully state-owned (Desai). Retaining a level competition base is significantly reduced, as the chances of competing against a government owned company is more than likely. A good example...
Words: 1484 - Pages: 6
...To what extent, is the success of Australia's Fiscal policy, based on the changes of the current federal budget, viable for a stronger economy? This essay aims to illustrate, the success of Australia’s fiscal policy implemented by the current federal budget and its effects for the long-run. In relation, do these strategies provide sufficient evidence that ensures Australia’s “position of strength in the world economy” and if they are considerably better, in comparison to other international economic environments? I will focus primarily on the government’s expenditure on investment to boost the economy and the resulting effect it has towards the productivity, innovation and competition for Australia. The 2013-14 Budget, which illustrates a reduction in taxes of about $ 17 billion and an increase in expenditures of $ 24 billion, is strongly coherent, increasing aggregate demand by about 3 per cent. This process of fiscal expansion has been possible given the low Australian government debt that allows restoring an even budget by 2015 – 2016. There are several fiscal challenges directed to the 2013 Federal Budget. One particular Domestic challenge involves the importance on maintaining fiscal and monetary policy alignment. The previous federal budget 2012-13 fails to preserve alignment between fiscal and monetary policy. As a contractive fiscal policy lead to a decreasing aggregate demand by about 2%, the Reserve bank was cutting interest rates to stimulate demand. Thus, it is...
Words: 2119 - Pages: 9
...AP World History Survival Guide Name ________________________________ Teacher __________________________ Block _________________ Table of Contents | Pages | AP World History Overview | 3 – 7 | The AP Exam | 3 | World Regions | 4 – 5 | Five Course Themes | 6 | Four Historical Thinking Skills | 7 | Essays Overview | 8 - 15 | Document-based Question (DBQ) | 8 – 12 | Change and Continuity over Time (CCOT) | 13 – 15 | Comparative Essay | 16 – 18 | Released Free Response Questions | 19 – 20 | AP Curriculum Framework | 21 – 38 | Period 1 (Up to 600 B.C.E.)—5% | 21 – 22 | Period 2 (600 B.C.E. to 600 C.E.)—15% | 23 – 25 | Period 3 (600 to 1450)—20% | 26 – 28 | Period 4 (1450 to 1750)—20% | 29 – 31 | Period 5 (1750 to 1900)—20% | 32 – 35 | Period 6 (1900 to the present)—20% | 36 – 38 | Help with Some Confusing Subjects | 39 – 43 | Chinese Dynasties | 39 | Political, Economic, and Social Systems | 40 | Religions | 41 | Primary Sources | 42 | “Must Know” Years | 43 | * Many of the guidelines in this study packet are adapted from the AP World History Course Description, developed by College Board. The AP Exam Purchasing and taking the AP World History exam are requirements of the course. This year, the AP World History exam will be administered on: ___________________________________________ Format I. Multiple...
Words: 16161 - Pages: 65
...AP World History Survival Guide Name ________________________________ Teacher __________________________ Block _________________ Table of Contents | Pages | AP World History Overview | 3 – 7 | The AP Exam | 3 | World Regions | 4 – 5 | Five Course Themes | 6 | Four Historical Thinking Skills | 7 | Essays Overview | 8 - 15 | Document-based Question (DBQ) | 8 – 12 | Change and Continuity over Time (CCOT) | 13 – 15 | Comparative Essay | 16 – 18 | Released Free Response Questions | 19 – 20 | AP Curriculum Framework | 21 – 38 | Period 1 (Up to 600 B.C.E.)—5% | 21 – 22 | Period 2 (600 B.C.E. to 600 C.E.)—15% | 23 – 25 | Period 3 (600 to 1450)—20% | 26 – 28 | Period 4 (1450 to 1750)—20% | 29 – 31 | Period 5 (1750 to 1900)—20% | 32 – 35 | Period 6 (1900 to the present)—20% | 36 – 38 | Help with Some Confusing Subjects | 39 – 43 | Chinese Dynasties | 39 | Political, Economic, and Social Systems | 40 | Religions | 41 | Primary Sources | 42 | “Must Know” Years | 43 | * Many of the guidelines in this study packet are adapted from the AP World History Course Description, developed by College Board. The AP Exam Purchasing and taking the AP World History exam are requirements of the course. This year, the AP World History exam will be administered on: ___________________________________________ Format I. Multiple...
Words: 16161 - Pages: 65
...Acknowledgements 3 Introduction 4 Economic Integration: Definition 5 Background of Free Trade in the South Pacific 6 PICTA 7 PACER 7 Advantages and benefits of Economic Integration 9 Drawbacks of Regional Economic Trade 11 Resolution 15 Conclusion 17 Bibliography 18 Appendices 19 Declaration of Originality We declare that this is our original work and all borrowed works had been cited and referenced. s11061729 Elizabeth Pearl Blakelock s11074679 Ranjeeta Devi s93005349 Mosese Vosarogo Acknowledgement We acknowledge our Instructor Mr Atishwar Pandaram for for the learning, Mr William Kurt of Cost-U-Less for allowing us time to interview him and for the valuable information and also Mr Aslam Janiff of Kundan Singh Supermarket and Andrew Powell Rajendras FoodTown Supermarket for giving their time to attend to us. Introduction In this project, we will attempt to highlight the implications of free trade amongst the south pacific island countries that are under the auspices of the 'The Pacific Islands Forum'. PIF is an inter-governmental organization that aims to enhance cooperation between the independent countries of the Pacific Ocean. Member countries are: Australia, New Zealand, Cook Islands, Fiji, Federated...
Words: 5104 - Pages: 21
...BSB113 Economics Summer 2015 Assessment 2: Research summary Submission date THURSDAY 14 TH JANUARY 3.00PM THROUGH SAFE ASSIGN VIA THE BSB113 BLACKBOARD WEBSITE (SEE BB ASSESSMENT 2 FOLDER FOR DETAIL) Please note that you are only required to submit an e-copy of your work through SafeAssign via the BSB113 Blackboard website. NOT ASSIGNMENT MINDER This document contains important information about your assessment. You will need to read it carefully to understand what is required. In addition to reading this document you are strongly advised to read the “Frequently asked Questions about Assessment 2” document (refer to the Assessment 2 folder on Blackboard). Background You are currently volunteering for Cancer Council Australia providing part time administration support for them at a local office. During a well-earned tea break a discussion ensues about the effectiveness of government policies aimed at reducing tobacco smoking. The discussion touches on ways of reducing smoking including a tax on cigarettes, a ban on advertising, plain paper covering for cigarette packs and shocking TV adverts depicting images of smokers with cancer associated with smoking cigarettes. You remember that your lecturer in BSB113 had spoken about cigarette taxes. You say that your lecturer had mentioned that the evidence is that taxes are fairly successful at reducing smoking and that in Australia overall rates of smoking have been declining for a number of years. Someone...
Words: 3700 - Pages: 15
...firm wants to select one country over another for new entry The globalization has become a ubiquitous and potent symbol of the age since the early 1980s. The term globalization was used to describe strengthening interactions of people from various countries, which resulted from the emergency of numerous new technologies (Daniel, Radenbaugh & Sullivan, 2002). As the popularization of globalization, more firms prefer to enter the emerging markets, like China, to search for the higher return. However, resulted from the studies segment, there is not an exact theory or study can be regarded as guidelines for these internationalizing firms. Overall, Michael Porter’s theory on national completive advantage is a better theory to be adopted by the international firms which want to select a better country for new entry. The dominance of Porter’s theory are its comprehensiveness, the dynamic Diamond theoretical system and analysis form both inductive and deductive sides. Meanwhile, it is at a disadvantage in its assumption. Thus, this essay will explore both sides of Porter’s theory. Porter's model includes four key elements. The Diamond model is depicted as figure 1, where the four forces jointly constitute a firm's global competitiveness in a given industry ( Porter,1990) Source: Porter (1990) The Competitive Advantage of Nations. The first element of the model is known as factor endowments, which is the centre of the Heckscher-Ohlin theory (Hill, 2013).Porter subdivided...
Words: 1512 - Pages: 7
...REVIEW ESSAY QUESTION Introduction As the well-known 2008 Global Financial Crisis swept through the world, Australian and Canadian financial institutions performed relatively well, with operating stability in financial industry, and no emerge of any banks that are on the verge of bankruptcy or need government rescue. In this paper, in order to retrospect the intrinsic reasons, I will firstly explore the common features of the banking systems in Australia and Canada. Then I will compare their banking systems in structure and regulation with United States. Finally, the different ways mortgage lending is conducted in these three countries will be emphasized. Common features The common features of the banking systems of Australia and Canada are embodied in the high concentrated banking system along with intensive supervision and sound regulation. It is the common features that contribute to the resilient performance in these two countries’ banks through the global financial crisis. Generally speaking, the whole banking sector in either Canada or Australia is monopolized by a few large-scaled national banks. In Australia, there are mainly four banks, Commonwealth Bank, Westpac Banking Corporation, Australia and New Zealand Banking Group and National Australia Bank, which dominate Australian banking market. They are individually and collectively huge compared with the size of banking system and their total assets are vast compared with GDP. These four banks occupy 75% of...
Words: 3294 - Pages: 14
...In this paper, we shall first briefly introduction to the marketplace for graduate employment opportunities in uk. What do employers look for is the essay going to describe secondly. Thirdly, a general comment on the intended career path and target position after graduation. In addition, the writer will through the conclusion to state briefly what skills are vital to cope with target position after graduation. (Done, J. & Mulver, R, 2011) stated the term 'labour market' is used to describe the interactions between employers who need workers and employers. labour market is both complex and dynamic, that there have two fundamental forces driving the labour market, which are demand and supply. So the relationship between supply and demand is critical. In the graduate labour market, the people who are seeking a job is the supply, and the employer offering the job is the demand. The supply have to make they known in the marketplace, and the demand have to let people know they have a job and they want to fill. Under the comprehensive influence of economy, politics and society, the employment of graduate is confronted with a fierce situation in China. In the meanwhile, it also presents both unprecedented opportunities and challenges for current graduate employment. China's human market network stated that the percentage of the bachelor of business administration employed in manufacturing sector was 58.8% in 2010. The business administration possess wide range of knowledge...
Words: 3535 - Pages: 15
...Definition of coal: • caustobiolitică a sedimentary rock that comes from vegetal incarbonizarea. • the transformation is slow in the absence of atmospheric oxygen at elevated pressures and temperatures that depend on the depth at which the plant is accumulation. Classification of coal: Coal (7000-9000 kcal / kg): anthracite, coal Quality coal (2600-5000 kcal / kg) brown coal, lignite, peat Historically the use of coal Late nineteenth century - coal had a role in the development of industry (coal century). Widely used as fuel for steam engine - James Watt (creator of the first motor efficiency). The widespread use of coal: Getting coke resulting from the high temperature carbonization process, the distillation of coal in the absence of oxygen. The coke used as fuel in the steel (for obtaining one ton of steel requires 600 kg coke). The material or by-product in the manufacture of iron, calcium carbide and other industrial thereof. Fuel for power generation and chemicals. construction materials fuel for power stations and cement factories (3/4 of the demand for coal) Chemical Industry Getting paints, plastics, synthetic fibers, fertilizers, etc.. Pharmaceutical industry. Domestic heating fuel Synthetic Fuel Coal Liquefaction Evaluation of coal resources: 1913 - International Geological Congress in Turin (7100 billion tons) - North America 68% -...
Words: 3184 - Pages: 13
...Essay Topic: Are the economic, social and environmental implications of the Coral Sea Commonwealth Marine Reserve Management Plan 2014 – 2024 on local communities and the fishing industry justifiable? Next year, on July 1, the world's largest marine reserve will come into effect. The Coral Sea Commonwealth Marine Reserve Management Plan 2014 -2024 is the culmination of more than a decade of campaigning by conservationists, consultation by the Federal Government and vehement opposition by industries and regional communities affected by the decision. On one hand, conservationists believe the nearly one million km² of ocean inside the Australian Exclusive Economic Zone will protect forever the pristine marine ecosystems of the Coral Sea - an iconic statement by the Australian government and its people that it's serious about marine conservation. However, the closure of some of Australia's richest fishing grounds will directly impact on commercial fishers and game charter operators, seafood distributors and wholesalers and other shore-based industries in regional ports such as Cairns. Many of these people claim the outcome has been achieved by the government based on emotive scaremongering campaign driven by a cashed-up environmental lobby without scientific basis. So, who is right? In a community where the local economy has become so reliant on the dominant tourism industry, isn't the marine park sending the right message to the rest of the world about its iconic natural wonders...
Words: 2308 - Pages: 10
...Motivation in the workplace: using the right financial reward system in Indonesian public sector INTRODUCTION Indonesia is one the most populous nation in the world, which happen to sit in one the most dynamic region between Australia and Asian industrial countries like Japan, China and South Korea. With Asia and Australia nearby, Indonesia is trying to leverage its strategic position by building its economic capacity. As commonly seen in developing country, Indonesia’s public sector is seen as inadequately equipped to bolster development in Indonesia. As a way to increase its economic development, Indonesian government decided to initiate bureaucratic reform for its public employee. This bureaucratic reform is intended to improve public service, which is plagued by corruption (Wihantoro et al. 2015). It is expected that the improvement of public sector could lead to better service and good governance which in turn would improve people’s satisfaction. Despite the effort by the government of Indonesia, public service in Indonesian remains mediocre at best and there are still a lot of room for improvement in Indonesian public sector. Traditionally the pay structure for civil servant in Indonesia is using membership-based and seniority based rewards, which does not lend itself well into motivating high performing employee. The bureaucratic reform then introduced the concept of job status-based rewards combined with seniority-based rewards in which civil servant still received...
Words: 2133 - Pages: 9
...comprising BHP Billiton Limited and BHP Billiton Plc. BHP Billiton was created through the DLC merger of BHP Limited (now BHP Billiton Limited) and Billiton Plc (now BHP Billiton Plc), which was concluded on 29 June 2001. BHP Billiton is a leading global resources company. The purpose is to create long-term shareholder value through the discovery, acquisition, development and marketing of natural resources. BHP Billiton are among the world’s largest producers of major commodities, including aluminum, coal, copper, iron ore, manganese, nickel, silver and uranium, and have substantial interests in oil and gas. The headquarters of BHP Billiton Limited, and the global headquarters of the combined BHP Billiton Group, are located in Melbourne, Australia. BHP Billiton Plc is located in London, United Kingdom. Both...
Words: 7470 - Pages: 30
