How my Dad got his job in trade.

Ryan Harman 11th October 2001 THE JOB IN TRADE Hi! I'm Paul. This is the story about how my dad got his new job. It was 3.30am. I heard a noise and saw that the light was on, so I got out of bed and crept downstairs silently. The office door was ajar, and I could see my Dad still sat at the computer. He was so engrossed in his work, he did not see or hear me approach. I went to peer over his shoulder and the floorboard creaked as I got nearer to him. He was startled and was surprised to see me but he retaliated quickly and turned off the computer monitor. He had a sealed letter in his hand, which he asked if I would post for him in the morning on my way to school. I went back to bed and my bedside clock said 4.00am. Three hours later, it was time to get up for school as it was 7.00 am. I felt very tired because of my disturbed night. On my way to school, I nipped on down the post box to post the letter. I don't know what the letter contained - should I have a quick sneak I said to myself or would that be cruel. I slowly opened the letter. It said that my ambitious Dad was looking for a job, and it also enclosed a completed application form. The job was for a position at the World Trade Centre in New York. I sealed the envelope back down and posted it in the post box and went to school. A month passed. Our local postie was strolling up to the

  • Word count: 812
  • Level: AS and A Level
  • Subject: Economics
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What is a public good?

What is a public good? What is a public good? This question can best be answered by looking at the counterpart, a private good. Private goods are typically traded in markets. Buyers and sellers meet through the price mechanism. If they agree on a price, the ownership or use of the good (or service) can be transferred. Thus private goods tend to be excludable. They have clearly identified owners; and they tend to be rival. For example, others cannot enjoy a piece of cake, once consumed. Public goods have just the opposite qualities. They are non-excludable and non-rival in consumption. An example is a street sign. It will not wear out, even if large numbers of people are looking at it; and it would be extremely difficult, costly and highly inefficient to limit its use to only one or a few persons and try to prevent others from looking at it, too. A traffic light or clean air is a further example. This poses immediately the question of who, then, provides public goods. Once they exist, they are there for all to enjoy. So it is often the most rational strategy for private actors to let others go first and seek to enjoy the good without contributing to its production. This is a dilemma, that public goods face. Without some sort of collective-action mechanism, they risk being under-provided. Conversely, without collective action, public bads - such as pollution, noise, street

  • Word count: 1020
  • Level: AS and A Level
  • Subject: Economics
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The New Age After the 1500s.

The New Age After the 1500s After 1500 there were many signs that a new age of world history was beginning, for example the discovery of America and the first European enterprises in Asia. This "new age" was dominated by the astonishing success of one civilization among many, that of Europe. There was more and more continuous interconnection between events in all countries, but it is to be explained by European efforts. Europeans eventually became "masters of the globe" and they used their mastery to make the world one. That resulted in a unity of world history that can be detected until today. Politics, empire-building, and military expansion were only a tiny part of what was going on. Besides the economic integration of the globe there was a much more important process going on: The spreading of assumptions and ideas. The result was to be "One World." The age of independent civilizations has come to a close. The history of the centuries since 1500 can be described as a series of wars and violent struggles. Obviously men in different countries did not like another much more than their predecessors did. However, they were much more alike than their ancestors were, which was an outcome of what we now call modernization. One could also say that the world was Europeanized, for modernization was a matter of ideas and techniques which have an

  • Word count: 2029
  • Level: AS and A Level
  • Subject: Economics
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"To what extent is a globalized world of economic benefit?"

Globalization "To what extent is a globalized world of economic benefit?" The countries of the world are rapidly becoming more interdependent in a process known as Globalization. This process means that much economic growth comes because of trade between nations; with each specializing in the products they are best at producing. Recent advances in the world of information and communication technology has meant that globalization is truly upon us - more than ever before. Globalization has many advantages and disadvantages. One of the major advantages of globalization is the promotion of economic efficiency in the production of goods and services. For example, it makes economic sense for countries that have a comparative advantage of ease of accessibility to raw materials, to manufacture goods requiring these raw materials and to export the final product. It would be inefficient for another country to import all the raw materials and then manufacture the final product to use. This quest for economic efficiency had led to the rise of huge multinational corporations like Niké. It has based its production of sportswear in the developing countries such as Sri Lanka and Bangladesh to benefit from cheap labour. This means that the production of sportswear is productively efficient and it also guarantees the workers in the developing economies an income, which is generally higher

  • Word count: 854
  • Level: AS and A Level
  • Subject: Economics
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Analyse the prospects and the problems for a Multi National Enterprise who proposes to make a Foreign Direct Investment

AC308 International/Multinational Management and Accounting Part A Briefing This report will analyse the prospects and the problems for a Multi National Enterprise who proposes to make a Foreign Direct Investment, therefore many factors will need to be considered by the MNE, as this is arguably one of the most important decisions that faces a multinational company (Demirag and Goddard 1994). This is namely because of the large capital outlay over a duration of time, a decision once made that cannot be easily reversed. Company Background British American Tobacco is a large Multi National Enterprise established in 1902 by consolidating two companies American Tobacco co. and the Imperial Tobacco of the UK this was hoped to end an intense trade war, 'Under the agreement, the two companies will not trade in each other's domestic markets and acquire the right to use each other's brands and trade marks in their own territory. Imperial Tobacco's and American Tobacco's businesses outside the 'home' markets of the UK and US are transferred to British American Tobacco'. Then in 1911 the American tobacco Co divest its shares and the company becomes listed on the London Stock Exchange. Country Background Country of choice is the northern African country of Libya which for some time has been sanctioned by both the US and the UN, its tobacco industry is state owned, however articles

  • Word count: 2510
  • Level: AS and A Level
  • Subject: Economics
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What Has Been The Impact Of Globalisation, Industrialisation and 'Development' On The World (its Peoples, And The Environment)?

What Has Been The Impact Of Globalisation, Industrialisation and 'Development' On The World (its Peoples, And The Environment)? The powers that be in the Western World we inhabit today are constantly churning out through the media and other mediums, ideologies to promote their agendas on Globalisation. Through the use of buzzwords like 'progress', 'freedom', 'democracy' and 'free trade', we are fed a very biased (and often propaganda based) version of events. In this essay I intend to define and analyse the concept of Globalisation and focus on its effect on the world and it's inhabitants. Using both pro and anti -globalisation sources I aim to explore how globalisation developed from past millennia, who really are the beneficiaries of this global system, the consequences of a globalisation culture, and if there are any alternatives to the present state of affairs. Globalisation is the term used to describe the increased pace of interconnectedness that has taken place over recent years. People around the globe are more connected to each other than ever before. Information and money flow more quickly than previous years. Also Goods and services produced in one part of the world are increasingly available in the next. International travel is more frequent, and international communication is commonplace. This phenomenon (along with others) can be classified as globalisation.

  • Word count: 2914
  • Level: AS and A Level
  • Subject: Economics
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In what ways is the government attempting to increase the willingness to wor

In what ways is the government attempting to increase the willingness to work? How effective have these policies been? What other policies could the government pursue to reduce the rate of unemployment? Alperton Community School Centre No. 12302 Candidate No.0141 JAYESH PATEL INTRODUCTION There are many ways the government can increase the willingness to work. These are achieved through supply-side or demand-side policies. I will be looking at how effective these policies have been, and what other policies the government could pursue to reduce the rate of unemployment. Supply side policies can help increase the willingness to work. I will talk about the policies the government uses to reduce unemployment levels. Policies to be discussed include trade union reforms, where some of the legal protections enjoyed by the trade unions have been taken away, including restrictions on their ability to take industrial action. An increase in spending on education and training can also help as it helps the unemployed achieve new skills in which they may get a wider variety of job opportunities. The reduction of income tax and incentives to work would also increase the willingness to work. The government could also use other ways to reduce the rate of unemployment, such as demand side policies. I will talk about the different ways in which they could pursue these policies. Ways

  • Word count: 4407
  • Level: AS and A Level
  • Subject: Economics
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New country markets - the uncontrollable factors.

Since there are over 200 countries around the globe, companies such as Belco should consider the key environmental factors before entering new country markets. These factors are known as the C and SLEPT factors, Social/ Cultural, Legal, Economic, Political, Technological, and Competitors. These are the uncontrollable factors that will affect the companies' decisions, as well as the success of a company. Social/ Cultural A single country may sometimes comprise several nations and independent cultures, and within each of these groups, there may be different religions, languages and attitudes. An example is Canada, where the main language is not just English, but as well as French. These factors affect the buying behaviour of a consumer. There are four categories in social/ cultural factor which marketers should consider before entering new country markets. Firstly, habits and conventions can influence the behaviour of a consumer. For an example, some individuals may not be interested in foreign goods/ products. Secondly, there is the attitudes which affected by religions/ culture. This is considered as an extrapolation of the past, which is a learned behaviour rather than innate behaviour. For an example, some people may only be interested in doing businesses within their own cultures/ groups. The next category is the naivety and ignorance of countries/ cultures. Languages is

  • Word count: 1270
  • Level: AS and A Level
  • Subject: Economics
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Reasons for British recession

Everything points to recession A recession is a decline in a country's GDP (gross domestic product) or negative real growth for two or more successive quarters. It is usually caused by many factors that individually are small problems but combined cause a much larger issue that affects the whole economy. * High street retail sales slump- retail sales at Christmas 2007 didn't increase by the expected amount. Experts predicted a slow month but they didn't realise how slow it would be, they only increased by 0.3% over last Christmas' sales. In comparison the sales increase at Christmas 2007 increased by 2.3% and in 2006 it was 2.6%. Growth of sales has slowed because of the lack of consumer confidence and high interest rates. Next Christmas' sales are expected to fall further as households have yet to feel the effect of the latest bank of England interest rate increases. Manufacturers and retailers are calling for a rate cut so they can afford to stay in business. Internet shopping has also affected high street sales. More and more people are using the internet for their Christmas shopping as it is convenient, there's a greater variety of items and prices are much lower. * Pound at record low against Euro- the pound has fallen to an all time low against the Euro at about 76p to the Euro. The pound is expected to fall further through 2008 as the UK economy slows, investors are

  • Word count: 1181
  • Level: AS and A Level
  • Subject: Economics
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Synopsis of Yu Wun's Commerce Presentation on the US-Australian Free Trade Agreement.

Synopsis of Yu Wun's Commerce Presentation on the US-Australian Free Trade Agreement What is a Free Trade Agreement? • A free trade agreement (FTA) is an agreement between two countries or amongst groups of countries aimed at a policy of non-intervention in trade between their nations. • Tariffs and non-tariff barriers to trade are usually removed or lowered, while each country maintains its own commercial policy towards countries who are not part of the FTA. • Examples are the North Atlantic Free Trade Agreement (NFTA) amongst the United States, Mexico and Canada. The US-Australia Free Trade Agreement's History • On 18 May, 2004, Australia's Trade Minister Mark Vaile and United States Trade Representative Robert Zoellick signed the Australia United States Free Trade Agreement in Washington. • Negotiations on the AUSFTA were finalised in February after 11 months of talks between the two countries. • The signing of the agreement by Mr Vaile and Mr Zoellick will allow the US Congress to consider the agreement by July. • On the 14 July, the American Congress passed the FTA. It is now up to the Australian Parliament to decide on the FTA. Issues surrounding the FTA • There are many issues surrounding the Australian and US Free Trade Agreement. • Groups such as the Greens and the Democrats (who are traditionally anti-globalisation) are opposed to

  • Word count: 698
  • Level: AS and A Level
  • Subject: Economics
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