...In the article Will Your Job Be Exported written by Alan S. Blinder, the author talked about what kind of job can be offshored. At the beginning of the article, the author said that for about a quarter-century, the U.S. workforce has “turned ferociously against the low skilled and the uneducated”. (Blinder, 2006, p.9) For this phenomenon, people in the U.S. took some measures in the 1990s to improve things for the average worker, but in this decade, “little or no mitigation has been attempted”. (Blinder, 2006, p.10) However, there is an exception: people in the U.S. have tried to keep more young people in the school and improve the quality of education. This brings the author to the future, he thought “the greatest problem for the next generation of American workers may not be lack of education, but rather “offshoring”—the movements of jobs overseas”. (Blinder, 2006, p.10) The author claimed that traditionally, “we think of service jobs as being largely immune to foreign competition”. But the author believed that service-sector offshoring would eventually exceed manufacturing-sector offshoring with the development of technology. The author stated that the key to distinguish the job can be offshored or not is not “the required levels of skills and education”, (Blinder, 2006. p.12) which is the central point of this essay. The work situation has changed into many impersonal work can be offshored. Thus, the essay gives the advice of “prepare yourself for a high-end service occupation...
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...Dumping Dumping is the act performed when products are exported from a market where they don’t meet specific standards in personal safety, product safety, food safety etc into another market where the country or market controls allow lower standards than the country of origin. Dumping is not limited to this as the World Trade Organisation (WTO) sees dumping as a practice, including, where goods are sold into a market at a lower price than would be charged on the home market (World Trade Organsation, 2015). It can even be argued that this exists in the job skills market where your own qualifications don’t allow you to practice your profession in one country but you’re welcome to in another. So is this a moral or non moral issue so should we do it because we can do it? Is it legal? Should we as a society speak out against it? There have been many high profile cases of Dumping in recent times such as Winstrol, a synthetic male hormone that had been found to stunt growth of American children being exported to Brazil as an appetite stimulant (Shaw, Issa, & Catley, 2013). Dumping raises some serious moral issues but it can be argued as being an acceptable practice. Ethical relativism would judge this as being perfectly acceptable because one country should not decide what standards another country should have and what is right for one is considered differently by others (Shaw et al., 2013). This is where business ethics play on that part that some believe business has its...
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...react when facing similar situations. The case offers considerable flexibility to the instructor to emphasize different aspects contained within depending upon the specific course and the level at which it is being used; it can also work well as an integrative case. The case is most suitable for use in advanced undergraduate management accounting courses as well as graduate level courses including those in MBA program. It has been successfully used as a discussion case in a MBA capstone course; the positive student feedback, with mean ratings on four questions ranging from 7.7 to 7.9 on a ten-point scale, suggests that the case fulfilled its learning objectives. It is April 2011 and you have used your newly acquired professional accounting designation to secure a management job with Gera...
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...INTRO: Coal is mined in every state in Australia. Mainly in Queensland, New south wales and Victoria. About 75% of mines of coal in Australia are exported to mostly to eastern Asia. The coal exported to eastern Asia is mainly used in electricity generation. There are 4 important uses of coal production. Coal mining has many negative impacts on the environment, it can also have severe physical health effects. Economically black coal is a great resource, there have been reports that over 48.8 billion tonnes of the black coal has been sold. Over 96% of these sales were from New South Wales and Queensland. PARAGRAPH 1: There are many types of coal production. However there are only 4 significant uses of coal. Firstly, steel production (liquid fuel), Cement manufacturing. Thermal coal or which is commonly known as steam coal is used for power generation. Lastly, coking coal is in the use of steel production PARAGRAPH 2: In cement manufacturing coal is used as an energy source during the production. Energy is needed in copious amounts to make cement....
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...Economics 102 Spring 2011 Answers to Homework #3 Due 3/7/11 at the lecture Directions: The homework will be collected in a box before the lecture. Please place your name, TA name and section number on top of the homework (legibly). Make sure you write your name as it appears on your ID so that you can receive the correct grade. Please remember the section number for the section you are registered, because you will need that number when you submit exams and homework. Late homework will not be accepted so make plans ahead of time. Please show your work. Good luck! You may use a calculator to do all of the calculations. Round all decimals to the nearest hundredth if necessary. GDP Measurement 1. The expenditure approach tells us that GDP = Consumption + Investment + Government spending + Net exports Following is a link of the national income accounts released by the US Bureau of Economic Analysis. Various statistics of GDP are provided in around 10 tables. Find the corresponding numbers of nominal GDP, consumption, investment, government spending and net exports for 2010. Verify whether the above identity holds true or not. http://www.bea.gov/newsreleases/national/gdp/2011/pdf/gdp4q10_adv.pdf or you can go to http://www.bea.gov/national/index.htm#gdp and open the link named “PDF version of the Gross Domestic Products release”. Take a look at the tables even if they do not contain the information you are required to find. For example, table 9 shows the differences and...
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...globalization, but not all of the changes are beneficial. One of these changes led to companies hiring workers from foreign countries in order to save more money; this is known as outsourcing. "Why would any manufacturing company pay American wages” Davidson states, “when it could hire someone in China or Mexico much more cheaply?" (1245). An example of outsourcing would be, a company that makes computers can hire people in India to talk to customers that require technical support with their computers. Since hiring workers in India is far cheaper than in America it would make perfect sense to outsource workers for other tasks that can be done without the workers have to be in the office at the same place. Works Cited Blinder, Alan. “Will Your Job Be Exported?” Kennedy et al 1252-1253. Davidson, Adam. “Making It In America.” Kennedy et al 1241-1251. Kennedy, Mary Lynch et al, ed. Composition & Research: Third Custom...
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...Axia College Material Appendix A Midterm Exam • Access the Week Four Electronic Reserve Readings located under the materials section of your student website. • Read this week’s Electronic Reserve Readings. • Write a paragraph of approximately 100 words for each section listed below. 1. Using the critical thinking skills you have gained so far and referring to the materials provided for this assignment, identify two possible strategies that Thomas Hutchinson or Samuel Adams likely used to develop and improve their thinking as those historical events unfolded prior to taking a stand and acting according to their beliefs. Samuel Adams may have used strategy one: analyzing a single statement for what is means by asking yourself if the statement makes sense and if so responding with a yes or no answer. Adams was not only an extremist but a political writer speaking to issues that directly affected colonies like the Stamp Act and tea distribution from East India. Both of these events affected many colonists in a negative way because the Stamp Act added taxation to certain products, while India tea imports, caused some colonists to lose money from their own tea sells. Adams would have had to ask himself why these acts where just or unjust by analyzing them individually in a literal sense. He publicly came to the conclusion that these acts were unjust because they both caused colonists to lose money and also put a damper on their personal values and liberty...
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...million barrels of oil will have leaked into the Gulf of Mexico. This catastrophic event will have a clear negative effect on international business that will in turn people living and working throughout the world. The primary business that was affected by the oil spill was the seafood market. Many worldwide seafood distributers and restaurants rely on this region for the products that make their business successful. According to Jaquetta White, the spill has decreased the number of crabs, lobsters, and other types of ocean fish produced around the world. The area that was affected by the spill was extremely rich in crabs which were exported to the many worldwide businesses that needed them. According to Scott O'Connell, the other type of crustacean that was affected was shrimp. The Gulf region has an abundant population of shrimp that are exported all around the world but especially to Mexico. In addition to negative seafood sales across the world, was the impact to fishermen and their crews when they could not continue to capture their product from the oily waters. The economic interdependence of these businesses was greatly compromised from the fishermen at the ocean level to the worldwide businesses that did not receive their product (nola.com). These combined outcomes resulting from the oil spill caused considerably less profit for seafood business. The seafood industries were clearly negatively affected. The Gulf oil spill also affected the oil companies across the...
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...Globalization and technology have made an impact on the twenty-first-century workplace and with the impact certain jobs are at risk while other jobs will be unaffected in terms of eradication. Globalization is the act of extending anything to other parts of the world and this has made the ability to acquire people with unique talents and skill far easier (outsourcing) and has also led to cultural diversity while affecting those cultures as well. Technology has diminished the requirement of people that could do basic job operations such as collecting cash at a toll booth by replacing workers with computer systems. Globalization and has impacted the twenty first century workplace by blending workers from all parts of the world leading to cultural and demand change while technology has improved work output, created new workplace rules, and has begun removing basic jobs. Globalization has brought upon many changes to the workplace; one of these changes lead to companies hiring workers from foreign countries in order to save more money; this is known as outsourcing. An example of outsourcing would be as follows; a company that makes computers can hire people in India to talk to customers that require technical support with the computers. Since hiring workers in India is far cheaper than in America it would make perfect sense to Outsource workers for other tasks that can be done without the workers have to be in the office at the same place. Outsourcing, however, can be a problem...
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...Manager Fired. Answer the following questions: Question 1. Page 27 Southwest Airlines begins a “bags Fly Free” campaign, charging no fees for a first and second checked bag. Does this situation best represent a) Producer-producer rivalry?a b) Consumer-consumer rivalry? c) Producer-consumer rivalry? Explain your choice. Question 2. Page 27 What is the maximum amount you would pay for an asset that generates an income of $ 250,000 at the end of five years of the opportunity cost of using funds is 8 percent? 998,177.51 Question 8 page 28 Jaynet spends $30,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm- one offer was for $110,000 per year, and the other was for $80,000. However, she turned both jobs down to continue a painting career. If Jaynet sells 25 paintings per year at a price of $8,000 each: a. What are her accounting profits? Show your steps leading to your answer b. What are her economic profits? Show your work! Question 21. Page 32 Brazil points to its shrimp-farming industry as an example of how it can export shrimp in the world market. One decade ago, Brazil exported a meager 400 tons of shrimp. Today, Brazil exports more than 58,000 tons of shrimp, with approximately one-third of that going to the United States. Brazilian shrimp farmers however, potentially face a new challenge in the upcoming years. The Southern Shrimp Alliance- a U.S. organization representing shrimps-producing...
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...cost-saving among Corporate America is taking shape in the form of job outsourcing from blue collar to white collar – It used to be that jobs going overseas are based from the manufacturing sector, but now the CEO’s are taking the type of outsourcing to the next level in the service and high-tech sector, meaning software and various design engineers can be outsourced overseas and cut their overhead expenditure by 15%. This has been costing the host country’s availability of skilled jobs in the years to come. 2. Questions a. Number each question. Each specific question under the numbered Case Discussion Questions should be a paragraph in length because many Case Discussion Questions contain more than one question. Be sure to restate each question before answering it. b. Apply the concepts from the appropriate chapters in your answers. Chapter 6: a. Who benefits from the outsourcing of skilled white-collar jobs to developing nations? Who are the losers? At the expense of American white-collar jobs, the ones who stand to benefit from outsourcing are the developing nations where the multinational companies have set up offices thanks to free trade and globalization. “Multinational corporations doing some business in their markets can locate their production in the very markets into which they are selling”. (1) b. Will developing nations like the United States suffer from the loss of high-skilled and high-paying jobs? It is hard to...
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...1.0 Explain why the chosen goods could or should be exported to that particular country? Export is the goods that we send to overseas or outside our own country or home country. Export are the most easier and less risk if someone new to business want to explore and upgrade their market. As for me, I choose to export fish to Jordan. It is because this country until nowadays still dependent on exports especially export in mining-based product and this country’s export earnings is really vulnerable to world markets so it will make my company more easier to come into world market share. Jordan also one of country that their market really sophisticated and really promising to get profit. They have a lot of strength that can attract company to export product to Jordan. One of that strength is they have large supply of natural resources especially in their wealth in metals and minerals such as a strong demand from other country. Addition, my product is such as Halal product that there would be no problem for my product to come into this country and other countries also. Next, this country’s economy really well establish and their infrastructure also kind of modern. Their infrastructure really world class. Not only their modern transport network, but they are also widely available energy and sophisticated telecommunications facilities. Price of product that export to Jordan cheaper than their own product. So if I export my product to this country I will get more profit by increase...
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...Why English is important IF YOU are currently learning English in a school, college or institute of further education, you join approximately one billion other people around the world who are engaged in the same pursuit. However, as you try to memorise proper grammar, and try to avoid the mistakes common to most students of English, you may wonder why you are learning the language in the first place. So, why is English important? After Mandarin, English is spoken by more people than any other language, and is the native language of more than 350 million people. More people speak English than those who speak the Arabic and French languages combined. Moreover, English is the international language of diplomacy, business, science, technology, banking, computing, medicine, aviation, UN & NATO armed forces, engineering, tourism, Hollywood films and arguably the best pop and rock music in the world. English has plenty of words to choose from. In fact, an English speaker is offered the biggest vocabulary of any language with a choice of 500,000 to 1,000,000 words (including technical and scientific terms). But don’t panic, most English speakers do very well with a vocabulary of around 20,000 words. English can be fun too. For instance, the music of such stars as Elvis Presley, The Beatles, Led Zeppelin, Michael Jackson and Madonna has encouraged fans to speak the language of their idols, whilst others have enrolled in English classes to improve their understanding...
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...Shui fabrics Describe the differences between Ray Btzell's and Chiu Wai's perspectives on Shui Fabrics' ROI in terms of the GLOBE Project value dimensions: Both Ray Btzell and Chiu Wai have excellent intentions with regard to Shui Fabric but have a wide cultural difference from a business perspective. Ray is caught in the middle of American profitability on foreign soil and growth, opportunity and economic stimulation in the local community. With a 20 percent unemployment rate for the country, Shui Fabrics has created over 3000 jobs. Along with being a profitable company, it has a positive impact in the community. Ray’s American leadership has undermined the value of job creation in the community with the slow ROI of the market. They are basing the profitability of this foreign company on American standards. Chiu’s perspective is that of greed and exploitation and balance and fair business. His leadership is concerned that western countries are trying to take over business in their home land. “Foreign companies doing business in China are generally required to form joint ventures with Chinese companies instead of forming wholly owned subsidiaries. Entrance by foreign companies to the Chinese market is often determined by how much technology and know-how the Chinese can get from the foreign company. Many Chinese worry that foreign companies are poised to take over entire sector of the economy” (Hays,2008). In terms of the GLOBE dimensions they have power difference with...
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...Indian, and Brazilian for a job. For years, people worked where their parents worked, or wherever major corporations, government bureaucracies, or unions were available to them. Factors such as the advancement in technology, the idea of globalization becoming more relevant, today’s aging workforce, and postsecondary education becoming mandatory for any type of sustainable job will shape our country’s future workforce. Fifty years ago, no one could predict the technology we have today. Now, due to the speed of our technological change, we can foresee machines continuing to substitute human labor. This supports the idea that America’s future workforce will rely more on education than manual skill. The best jobs will be found at the hands of America’s brains. If not, the jobs will seek others who can fulfill the tasks. With that said, these jobs will replace the employees in charge of making these “sophisticated products” with machines that can do the same thing. This eliminates the manufacturing jobs, and replaces them with the development and marketing of such products(Judy and D’Amico 313). Adding to what the authors of “Work and Workers of the Twenty-First Century” said, the author of “The Unknown” talks about how American workers can benefit from the advancing technology. Because these machines and workers in other countries can perform the job at a lower cost, the production cost is also lowered, and profits will rise(Economist 322). These new jobs will result in safer and...
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