International Economic Growth Essay Example | Topics and Well Written Essays - 1250 words

International Economic Growth - Essay Example The reduction in costs facilitated trade between countries and the shipment of goods to other countries became easier and cheap. It also leads to exchange of services, technology, factors of production and economically useful knowledge. The fall in transportation cost was also accompanied by an increase in the transportation speed. With the combination of fast, cheap and easy transportation, inter-trade between countries grew. Labor became mobile due to introduction of fast ways of travel and migrated to different countries to take advantage of better job opportunities. Moreover, due to increased communication and exchange of technology, a change in lifestyle also occurred in many countries. The use of new technology was adopted by many countries so the lifestyle of people living in these countries became similar also leading to a global economy. To sum up, migration, international specialization, trade and public policies helped create a global economy before the First World War. The First World War took place mainly in Europe between the years 1914 and 1918. The aftermath of the war saw a huge impact on the economies of the countries that fought, (Britain, Italy, U.S, France, Germany, Greece, Japan, Portugal, Turkey and Russia among others) and ultimately, affected the global economy by bringing the process of global economic integration to a halt or at least slowing the process down. 2. 'The First World War represents a turning-point in the economic history of Europe.' Discuss. The First World War is certainly a turning point in the economy history of Europe as it steered the economy in European countries away from moving towards a globally integrated economy. Firstly, it was because world international trade suffered a sharp decline after the war as the United States, Great Britain and France still had some conflicts. The European economy suffered a great financial setback in the war and faced many economic difficulties. Many industries that were opened to support the war had to be closed down and the countries saw a rise in the level of unemployment. The rise in protectionist policies proved to be a barrier to free trade and adversely affected the growth of many countries' economies. Capital movements between countries became restricted and relations between countries weakened further. Also, there was a decline in the level of production and transfer of resources to the production of military goods had to be stopped. To help the country survive in the war, many countries had taken loans which in no way was favorable for their declining economy at that time. As predicted, the economies of many countries had to face an economic crisis. Wealthy people lost their money and there was a sharp fall in the living standards of people. The GDP (Gross Domestic Product) of these countries subsequently fell. In 1918, Britain imposed the system of rationing. However, issues of rising prices, worker's disputes regarding pay and overtime and lack of proper housing arose. It gave way to many strikes and unrest prevailed in European countries. The First World War was indeed a turning point for the economy in Europe as it did not support the great economic growth of the pre-Great war, disrupted lives,

Woodrow Wilson & World War I Essay Example | Topics and Well Written Essays - 250 words

Woodrow Wilson & World War I - Essay Example Yes the US was ready by 1917 dues to the mobilization of the military to be increased by enlisting men from the age of 18 years, getting money from businessmen to finance the war and even getting naval support. The strength however was not as great as it was by the time the war was ending. Yes it was initially when America was preparing to go into war but with the sinking of the US boat, it soon became abandoned as people decided to assist in any way they could to prepare the army go into war simply for revenge against the Germans. People were hostile towards military service and hence did not adopt the idea of being enlisted or having their kin enlisted in the military service. This came when the administration wanted to increase the military as a preparedness method to enter into war and this hostility as the reason US started with fewer soldiers. The Americans did not agree with the call for peace after the war took away over 50, 000 of their military troop. The treaty of Versailles points were emphasizing something that the Americans were not ready to accept

Food industry Essay Example | Topics and Well Written Essays - 500 words

Food industry - Essay Example The company has made great advances in the production of fast foods through their kitchen prototyping, standardizing, self-serving along with fundamental changes in their marketing demographics (Schlosser, 212). The company has been offering fast foods to various classes of customers who include teenagers and the elderly. The beef department of the company is currently being dominated by immigrants who offer cheap labor in the various branches that the company has opened up across the globe. Through the process of recruiting more cheap workers, the organization has been able to expand their activities while at the same time maximizing their profits (Mankiw, 141). In consolidating their activities, Fast food Nation has been able to acquire many other smaller companies in different countries for the purpose of expanding the scope of their activities (Schlosser, 79). For instance, the company has acquired companies that indulge in packing meat such as Kenny Dobbins along with IBP Inc. T hey have been additionally able to ensure that all the outlets deal with uniform franchises (Kroeger, Vizjak, Moriarity, 89). The Omnivore’s dilemma offers a wide variety of foodstuffs for humans that range from industrial and organic foods and the foods we scavenge for ourselves such as meat products (Pollan, 62). The company manufactures the above meals in an effort to diversify their activities while expanding their activities across national along with international boundaries. They have enjoyed economies of scale with their production costs decreasing over the years as a result of using cheaper forms of labor, the use of technology in their activities and advanced production methods (Mankiw, 132). The company acquires its raw materials from many areas, which implies that they rarely have shortages in their production. The company’s production has however faced problems as a result of animal diseases which affect their production along with the

Marketing Essay Example | Topics and Well Written Essays - 2000 words - 4

Marketing - Essay Example CLASS NUMBER: †¦4†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. TITLE/TOPIC OF ASSIGNMENT: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Marketing 100 Situational Analysis†¦/Target Market Identification Report and Collage †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.. Please read the following and sign where indicated DECLARATION: I/We declare the attached assignment is my/our own work and has not previously been submitted for assessment. This work complies with Curtin College rules concerning plagiarism and academic misconduct. [Refer to the Policy library on www.curtincollege.edu.au for full details on our Plagiarism and Student Misconduct polices.] I/We have retained a copy of this assignment for my own records. Signed: ____Wang Jue__________________________________________ Date___10 December 2010___________ This document is current at 31/08/2010. Page 1 of 1 1.0 Situation Analysis 1.1 Current Marketing Mix 1.1.1 Current Product Sunsilk Co-Creations-Addictive Brill iant Shine Shampoo is one of new Sunsilk’s Co-creations hair care line products. It consists of chemical as well as natural ingredients. The ingredients of the shampoo were chosen to achieve healthy shine, to co-create Sunsilk’s most advanced Addictive Brilliant Shine formulation for healthy hair that dazzles with shine (Unilever in Australia, 2011). Therefore, consumers benefit from buying a product in the form of healthy hair and â€Å"brilliant shine†. The company has teamed up with Jamal Hammadi from LA hair dresser to Hollywood stars and famous for his natural approach to achieve healthy shine (Unilever in Australia, 2011). It has inherent to all Sunsilk products cambered package, so customers can easily identify the shampoo as Sunsilk’s product. The bottle has red color and a big symbolic sign â€Å"!† on the front. The package developed by Brown Inc. (Brown Inc. 2011) makes product look modern and even hi-tech. This features distinct the pro duct from other shampoos and attract customers at the same time. Sunsilk Co-Creations-Addictive Brilliant Shine Shampoo is a part of hair care complex consisting of the shampoo and conditioner. Therefore, customers are given reason to by the shampoo together with the conditioner. The main targeted groups of customers are females between 16 to 40 with middle and high income level. Other groups of customers also might buy the product. Sunsilk Shampoo might be classified as staple goods because customers can use it regularly although they easily switch to another similar shampoo if the one is absent. Therefore, the shampoo is a star product of Unilever’s new product line. Its modern, professional and high-tech. It has original features that attract customers however; people can easily identify one of Sunsilk’s products. Customers can use it regularly although they easily switch to another similar shampoo if the one is absent. 1.1.2 Current Pricing The shampoo market is hi gh-competitive. There are many brands but in fact the most of them are owned by a few corporations such as Unilever, Procter&Gamble and Schwarzkopf. Sunsilk brand belongs to Unilever, the second biggest shampoo market company in the world. Unilever (2011) claims to practice value-based pricing. This means that the price is set based on the value a customer receives using the product. The primary importance of this kind of pricing is to encourage demand through setting the price according to customers feeling of the real value of the

The realities of correctional officer misconduct and how to prevent it Term Paper - 1

The realities of correctional officer misconduct and how to prevent it - Term Paper Example The changes in the prison management system initially guaranteed safety for female inmates from the predatory sexual behavior of other inmates and male officers. While the system made necessary changes to manage the affairs inside the prisons, the incrimination of African American women continued to exist as they were considered less privileged than the white women. The socio-cultural disparity between the races that prevails in the American society also has made the female correctional staff of the African American communities to carry the images of their race as a sexually vulnerable. Smith (2012) also reveals that the male inmates and coworkers usually develop a negative stereotype in which female correctional staff are considered weak and sexually challengeable (p.1709). This particular scenario results in the moral degradation of female staff, a larger part of whom gradually succumbs to low self-esteem due to the continuous exposure to stress and sexual advances of men. Increasing cases of the involvement of female officers in moral corruption have considerably challenged the law enforcement system of the country. The complications of the corruption increases to new magnitudes as more and more cases involving officer-inmate relationships come to light. Most important fact to note is sex is an inevitable part of human life and the self-cont rol one possesses during the duty hours can only be deterrent that can prevent immoral activities related sexuality. There are numerous stories that report the incidents in which under trial detainees and prisoners falling in physical relationships with correctional staff. In a report, Duncan (2014) says that the love story of Batimore City Detention Center in which a correctional staff, Kirkland falls in love with an under-trial man, Loney, for whom the Kirkland smuggled contrabands and finally lands in

Ethanol Discussion Essay Example for Free

Ethanol Discussion Essay The use of alternative fuels to replace petroleum has grown considerably through the years, as nations like Brazil are trying to be self-sufficient in their energy needs. Ethanol made from crops is said to be cleaner than burning fossil fuels, and would contribute less to the problem of global warming. However, several issues remain with the ethanol debate. There is one thing I am quite certain though. The U. S. cannot replace gasoline completely in its cars since it uses so many of them. The eco-friendly effects of using ethanol as a fuel are well documented, for example, although it emits the same amount of carbon dioxide upon combustion like fossil fuels this CO2 comes from the air itself, therefore the combustion has zero net effect. Still, harvesting huge amount of crops for producing ethanol is energy inefficient and a waste of arable land. The effect on world food supply if ethanol was integrated to the economy in the U. S. as it is in Brazil would be very awful. Food prices would skyrocket, and there might be shortages of food everywhere. It is not feasible to have the world’s energy supply and food supply come from the same source. Fossil fuels need to be replaced soon, but ethanol is not the technology to go with it. There are several sources of energy that need to be looked at and are much more promising than ethanol. Electric cars are making resurgence; however, they use electricity which most of the time is still produced by a fossil fuel burning power plant. Fuel cell cars have been demonstrated and might well be ready in the next 20 years. The internal combustion engine has served humanity for several decades, I think it’s high time we replace it with a more 21st century design, not just replace the fuel it burns. Our environment and the world we live in is on the line. The response towards the ethanol debate is quite convincing, however I disagree with it on some points. First, ethanol doesn’t intend to replace gasoline fully, but just complement it. The surpluses in world food production are intended to cover up ethanol production for this purpose. Second, although we both agree that fossil fuels need to be replaced, I tend to differ in that I think ethanol is at least the immediate future. Electric cars are far from perfect, and it is correct, as you said, it uses electricity from fossil fuel plants. Fuel cell or hydrogen powered vehicles may or may not be feasible, since right now they still are very expensive to produce. The time to act is now, not later, and ethanol is the most viable solution to the problems of the environment at the moment.

Corporation and Profit Retention Essay Example for Free

Corporation and Profit Retention Essay Sole Proprietorship: This is by far the most common form of business. It is the most common because it is the easiest to form. In order to create this type of business one simply has to â€Å"hang their shingle out† and let the commerce commence. However with such limited oversight also comes unlimited liability. Liability- Liability exposure with sole proprietorships is a huge draw back.. The owner and the business, legally, are one and the same. This leaves all the owners property ( and the business assets since they are one and the same) at risk. Income Tax- There are no real tax advantages at this level. It is known as a â€Å"pass through† entity. The income that is generated passes through the business to the owner. Taxes are paid at the individual level. Longevity- Unless the owners will provides specific direction in the contrary, the business is directly linked to the owners health. Since the owner and the business are legally indistinguishable from one another when the owner dies the business also dies. Control- Unlimited control is another attractive quality of Sole Proprietorships. Since legally there is no separation you may do with the company as you see fit. From what services are offered to what the logo looks like all decisions are the owners to make. Profit Retention- Since the owners efforts alone are responsible for the amount of profit generated, they keep it all. After the employees ( if any ) are paid what is left is the owner’s. Because they have total control, they may reinvest it in the company or they make take it all out. Location- Since there is no legal paperwork filed with any state agency, moving locations is as simple as driving to another state and setting up shop. That being said if you required state license in the original state, you would need the equivalent in the new location. Convenience/Burden- There are no legal documents that need to be filed with any state agency. Owner and company are indivisible so there is no paper work saying otherwise. At the most you may need to file a Doing Business As (D.B.A. ) with your local tax office to allow you to open a bank in the company’s name. General Partnership: This type of company is usually formed when two or more individuals with different skill sets get together. Each participant brings with them their own experience and skills in order to create a new venture. While the liabilities are not bore alone, the partners are not sheltered from them. Liability- While they are split in a predetermined percentage, the liabilities of a General partnership are unlimited. There is nothing that is off the table including your personal assets. Income Tax- There is no real tax shelter provided at this level. Income that is generated is â€Å"passed through† to the partners. They will pay taxes at the individual level. There are however, various tax forms that need to be filled out. Longevity- When a partner dies the partnership ceases to exist. The partners may not pass on the original partnership agreement to their heirs. There may be a buy/sell clause in the articles of partnership. Control- Complete control is given up to a vote of the general partners. If there is no consensus made, the articles of partnership should dictate how the disagreement is handled. Profit Retention- After the business debts are paid, the partners split the net profit. The articles of partnership will usually dictate the percentages, and if no mention is made it is assumed it is split evenly. Location- The fact that a partnership is not it’s own legal entity makes it relatively easy to move. If there is a market in a new location there is very little that prohibits moving. Convenience/Burden- While no state/federal documents are required, you will need an â€Å"Articles of Partnership† drawn up. This will act as the bylaws/charter for decisions and operations moving forward. There are a few tax forms that need to be completed by the partners at the appropriate time. Limited Partnership: This type of business is used more as an investment vehicle than a job or career. It allows an investment to be made and fostered from a distance. If you are the limited partner though, you may not have a hand in the day-to-day activities or management. Liability- As a limited partner your investment is your only liability. That being said your stake in the partnership is an asset that personal creditors may come after. Tax- As a limited partner your revenue from the company is federally taxed at the personal level. There are various situations to avoid taxation as a corporation. General partners must pay self employment tax. Longevity-A limited partnership is sometimes used as an estate planning tool. Therefore the continuity from generation to generation is very customizable. The limited partner may die and this will have very little impact on the business. Control- As a limited partner you have no say in the management or daily activities of the business. You may not bind the partnership to anything as a limited Partner. A general partner runs the daily operations and makes the management decisions. Profit Retention- If you are a limited partner you are entitled to the agreed upon amount of profit only after the general partner is paid. As a limited partner you have very little influence over the amount of profit generated. Location- Limited partnerships can change locations but it is inconvenient and could be considerably more expensive. Some states mandate the filing of tax forms for limited partnerships, not to mention some states have state income taxes. Convenience/ Burden- Articles of Partnership are needed. There are some states witch require registering limited partnerships, and strict attention should be paid to the activities witch the IRS considers â€Å"corporate.† C Corporations: C Corporations are a legal entity unto themselves. They shield the share holders, board members, and employees from liabilities. They have the ability to raise capital by selling portions of the company, and huge tax loopholes to shelter revenue. With all the loopholes however are huge tax burdens, often over 30% of the net. Liability- A corporation is a legal â€Å"being†. It can be sued, or bring legal action against someone. Therefore it provides a large umbrella for its owners and employee’s alike. When malfeasance occurs it will absorb the effects. Income Tax- Being it’s own legal entity is not cheap. The state that the business is located in could very well impose taxes, as well as the federal corporate tax rate witch is the highest in the world. Couple this with the fact that the employees that work there are then taxed again at the individual level, and you see how quickly things add up. Longevity- Corporations have the potential to last forever. Due to the fact that authority is so decentralized, one person getting ill or leaving the company is no more than a bump in the road. You could pass on your shares or stake in a company through proper estate planning. Control- If you were to incorporate your business it could be set up so that your family always had a seat on the board or always had voting rights at a shareholders meetings. However, especially in a public company, you must act in the best interest of the shareholders. No one person runs a corporation alone, there are shareholders, and usually board members. Authority being so decentralized makes complete autonomy very rare. Profit Retention- As there are many owners there are also many hands in the pot. The fact is that each shareholder is entitled to a portion of the company’s profit in direct relation to how much of the company they own. In closely held corporations this could be 3-4 individuals, but in a multi-national company this could be millions of people. Location- The federal government does not create any corporations. This is done at the state level. For a corporation to go from one state to another they would have to file as a foreign corporation. This can get expensive and legally â€Å"sticky† when deal with different state laws and agencies. Convenience/Burden- To incorporate a business is relatively easy. The challenge and burden comes in keeping it running and staying on the proper side of legal. It must file it’s own tax returns, contend with state and local laws, maintain the strictest accounting practices, conduct annual shareholders meetings, all while turning a profit for its shareholders. No small task. S Corporations- S Corporations are a legal entity. They offer a legal umbrella to their employees and owners as well. They have the ability to raise capital by selling off small pieces of themselves as stock. The S corporation has to follow the same strict accounting and reporting procedures as corporations, however their income is not taxed the same. Liability- An S corporation is a legal â€Å"being†. Therefore it provides a large umbrella of protection for its owners and employee’s alike. When malfeasance occurs it will absorb the effects. Income Tax- An S corporation is a specialized tax situation. It has most of the reporting and recording requirements of a C corp. but allows for the â€Å"pass through† of revenue to the individuals. The company The S corp. designation is however for federal purpose’s only, the state the company is in will certainly have it’s own laws. Longevity- S Corporations have the potential to last forever. Due to the fact that authority is so decentralized, one person getting ill or leaving the company is no more than a bump in the road. You could pass on your shares or stake in a company through proper estate planning. You could also have a seat on the board reserved for your family/heirs. Control- The fact is when a S Corporation is formed the corporation has to do what is best for itself. A lot like an autonomous person, it must continue to look out for its own survival. Normally one person does not dictate the course of a Corporation, there are several in charge of this. Profit Retention- Since there is no one individual at the pinnacle the profits are distributed through out. If there is a board of directors, share holders, stock owners, all of these individuals are entitled to a portion of the profits. Location- The federal government does not create any corporations. This is done at the state level. For a corporation to go from one state to another they would have to file as a foreign corporation. This can get expensive and legally â€Å"sticky† when deal with different state laws and agencies. Couple this with the fact that states deal with S corporations wildly different, from treating them like the federal government to not recognizing them at all. Convenience/Burden- To incorporate a business is relatively easy, although the fee’s can add up. S corporations must avoid several pitfalls so as they are not taxed like C corp.’s. This and the fact that the accounting is so stringent, they may not have over 100 share holders that meet once a year, and the laws so wildly differ from state to state make the burden factor high indeed. Limited Liability Company- With the protection of a corporation and the flexibility of a Sole Proprietorship, the LLC has become extremely popular since it’s recent creation. However they are not a vehicle for taking a company public, capital can be difficult to raise because the members will have to guarantee the loans, and the members must take care not to intermingle funds. Liability- The LLC, like a corporation, is it’s own legal â€Å"being†. It provides an umbrella for it’s members to operate under and not fear liability claims against themselves personally. Income Tax- LLC’s are in the unique position of deciding how they want to be taxed on a yearly basis. Most of the time LLC’s can function like other forms of small business. The income will pass through to the members who will then pay at the individual level. It does however have the option of paying at the corporate level so as to lower the tax bracket. (This is because the highest individual tax rate is higher than the corporate tax rate.) Longevity- If a member of an LLC dies or retires action will be determined by the operating agreement. This could include a buy/sell clause for the heirs, a transfer of ownership, or whatever state law dictates. In most cases Control- The fact that an LLC could be run by just one person means that he /she could have just as much control as a sole proprietor. The catch is with the finance’s. The finance’s must be maintained â€Å" at arms length† to maintain the corporate veil of protection. So long as this is done, the majority member/owner of the LLC has complete control. Profit Retention- The profits generated by the business flow to the members. The amount is in direct correlation with the amount of ownership each member holds. Location- All 50 states allow LLC’s now but the law varies wildly. Some states still want an ad run in the paper when a business is formed and others require a single 1 page form. To move from state to state can be done but the local laws might be prohibitive. Convenience/Burden- The LLC doesn’t require anywhere near the amount of accounting as a corporation. The articles of organization needs to be filed to create it and then the operating agreement dictates how it’s run.