The sports shoe industry in China
The sports shoe industry in China A sweatshop is a workplace where workers are subject to extreme exploitation, including the absence of a living wage or benefits, poor working conditions, such as health and safety hazards , and arbitrary discipline, such as physical and psychological abuse. Brief History: There have probably been sweatshops since one man first began working for another. Although sweatshops certainly existed before, the term "sweatshop" itself did not appear in common usage until the 1890s. Since the dawning of the Industrial Revolution, employers began to look for cheap labor in order to fill the needs of the expanding industries. Sweatshop production came out of hibernation in the late 1960s from U.S. A combination of forces contributed to their reappearance: changes in the retail industry, a growing global economy, increased reliance on contracting, and a large pool of cheap labor-mostly immigrants in the U.S. Nowadays, with the globalization of economy, workers around the world-- from New York and Los Angeles to Bangkok, Spain and San Salvador-- are experiencing the proliferation of sweatshop conditions. Perhaps the sports shoe industry in China is one of the most typical examples of sweatshop. Most of the sports shoe factories, located in the Pearl River Delta in south China, are set up with Hong Kong and Taiwanese investment. These factories are
Do We Need Government Intervention To Ensure An Efficient Allocation of Resources?
Do We Need Government Intervention To Ensure An Efficient Allocation of Resources? The Government as according to this article, is not the solution to a problem, it is the problem. While a government's intervention may seem helpful during the start, it does however distort the workings of the market system, hence leading to an inefficient allocation of resources. Policy proposals such as privatisation and compulsory competitive tendering are all examples of the application which has been described as the orthodox economic belief. The notion of economic or allocative efficiency is in way, the economic Holy Grail. As the basic problem of economics is scarcity, the allocation of resources most efficiently is the aim of an economist. The market system, in the majority of situations is the most effective mechanism to achieve allocative efficiency which can be shown from the earliest of times when flint axes would have been traded for fish. Trade would continue until both communities have gained the combination of goods which they want. As this point got closer allocative efficiency would increase. When a situation occurs where no one can be made better off without making another worse off is known as Pareto Optimality and from the primitive example above, the free market and free trade has lead to Pareto optimality. If free markets automatically achieve allocative efficiency
Defining GDP
.GDP My definition: The way to calculate national income and output in a given country's economy Economic definition: the dollar value of all final goods and services produced by a country in a one year period of time, regardless of who owns the resources 2. Consumption My definition: Buying products by people. Economic definition: using a product or service until it has no remaining value. 3. The expenditure spending approach to calculate GDP [ You tell me which specific things are used for this approach] The formula for the Expenditure Approach is C + I + G +(X-M) = GDP. Each letter represents consumption, investment, spending by government and exports minus imports. Therefore, in order to calculate GDP, it is necessary to know consumption, investment, spending by government, exports, and imports. 4. Recession My definition: When GDP, Gross Domestic Product, decreases, it calls as recession. When recessions exist for a long time, it calls as depression. Economic definition: A period of general economic decline; specifically, a decline in GDP for two or more consecutive quarters.This content can be found on the following page: 5. The income approach to calculate GDP [You tell me which specific things are used for this approach] The formula for Income Approach is compensation of employees +rents + profits + net interest+ non-income adjustments = GDP. Therefore,
Tax Policy in Europe
Tax Policy in Europe Netherlands To start a business in the Netherlands, the tax policies would need to be taken into consideration. Before dealing with tax, entrepreneurs would need to know how to start a business. The basic elements at the start would be to create a business plan, find a location, get an apostil stamp or the diploma legalized. Also, business insurance is needed, to cover for any assets and accidents. After all those preliminary tasks are completed, tax would come into play. For an entrepreneur, he or she would have to pay both VAT (Value Added Tax) and Income Tax. At the beginning of a business's life, there would be an assessment by Inland Revenue, to determine if a registration number could be provided. For businesses that earn a very small profit, there could be provisions that allow it to pay very little VAT. In the agricultural sector, if the amount of VAT payable is below €1,883, an amount could be deducted, and if the amount is less than €1,345, it can be completely exempted. There is a special provision that allows the agricultural sector to be exempt from the VAT system. For those who purchase from farmers, there is a deduction of 5.1% from their taxable income. In the Netherlands, businesses must charge its customers VAT, and pay VAT to its purchases as well. If the two sides don't balance out, then the difference is either paid
SWOT and PEST analysis
SWOT Analysis The following swot analysis helps to shows four main things, first of all it shows the opportunities available and also the threats when releasing a new cereal bar into the market, it also helps show any strengths and weaknesses for Cadburys when releasing there new cereal bar into the market, overall helping to ensure no mistakes are made. Strengths * Cereal bars are suited to modern eating trends, i.e. snacking. * The cereal bar market is growing continuously. * Cereal bars are now more popular amongst consumers. Weaknesses * Products such as Kellogg's continue to dominate the market. * There is strong competition in the cereal bar market. * There is competition from other markets as well, i.e. cake bars and confectionery Opportunities * There is still plenty of space for more growth in the market. * Consumer demand for healthier food in the future may help boost demand for healthy cereal bars. * Cadburys brand name could help to boost sales. Threats * Overcrowding in the market could cause sales to fall for some brands. * The unsuccessful Cadburys BrunchBar could cause sales for the new bar to fall. * Product which doesn't meet customer demands, will most probably fail to succeed. The above table shows many things Cadburys should be aware of when launching a new cereal bar, the main one which I feel could affect Cadburys would be the fact
Argentina's Currency.
Andrea Elliott:00M10407 Petrina Lewis:00M10443 Orion Martin:00MB10607 Leighton Taylor:00M13182 Sabrina Williams:00M19144 Desmond Handy Argentinia's Currency: A currency is a medium or unit of exchange, facilitating the transfer of goods and services within a currency zone. Each country typically, has its own currency, however there are some exceptions to the rule as in the case of the Peso The Peso is the name of the monetary unit used by Argentina. It is also the name given to the currency of several other Spanish speaking countries, including: Chile, Cuba, Mexico, Colombia, Philippines and the Dominican Republic. History of the Peso: Peso, which means weight in spanish, has been known by several names over the centuries. However, the official name since it was created was Ocho Reales or Real de a Ocho-"Pieces of Eight". The coin which was created by a decree signed by king Don Pedro the Cruel (1350-65) with the Latin expression, Numus Regalis (royal coin), was given a value of three maravedis. The given name was soon shortened to Real for common use. A century later, Don Fernando and Doña Ysabel, the Catholic monarchs, signed at Medina del Campo, Spain, their royal decree dated June 13, 1497, which incorporated an Ordenanza revamping the monetary systems of all their kingdoms. The part referring to silver coins states: SILVER COINS "Item, WE order and
What new techniques helped to create economic "boom" in the United States during the 1920's.
Michael Harroch 01/28/03 History By the end of the First World War America was regarded as the richest and most powerful country in the world. The period that followed WWI, which was called the roaring 20's, was a period of disillusion. The American economy enjoyed a period of "boom". This was a time of economic prosperity; people were spending and earning more. Lets see what new techniques helped to create this "boom" in the United States economy in the 1920's. These can be divided into two categories: political and industrial. First, we will talk about the new political techniques then we will discuss the new industrial techniques before concluding. One of the main factors of this economic boom was the Republican Party's policies concerning economy. From 1920 to 1932, all the US presidents were Republican. Republicans believed that the government should interfere as little as possible in the country's economical affairs. This attitude was known as 'Laissez-Faire'. One of the men with a most determining role during this period was Melon who was responsible for the treasury section under president Coolage. Melon was of clear republican tradition. His way of encouraging business was a tax friendly policy: he lowered taxes in a general way: he abolished the excess profit tax, gift tax, income
The Economies of sub-Saharan Africa.
Economics Unit 5- Exam Question The Economies of sub-Saharan Africa 4a) Contrast the economic performance of sub-Saharan Africa during recent years with that of other parts of the developing world. The economic performance of sub-Saharan Africa has had little success. The African leader's economic policies have been a failure, involving too much state intervention rather than letting the invisible hands of the market forces control the economy. Although in such little developed countries the government is needed to provide guidance and lead the market in the right way, the policies were too government orientated and depended mainly on state-run industrial enterprises. This in turn leads to the corruption of civil servants. The countries acted as if they were near developed, enforcing import tariffs and quota controls. Even with so much help from foreign loans and aid from the World Bank and IMF, the total wealth of Africa is only a little more than Belgium. Of the 29 sub-Saharan countries, only 6 were seen to have improved their economy, with Ghana as the model example. Yet, Ghana's people are still some of the poorest in the world. Whereas, those in Asia, such as the 'tiger' economies, have had a much greater success by far. Take China for example- it is one of the fastest growing economies in the modern world, last year achieving 10% economic growth. The market
McDonalds- Just Another Company?
McDonalds doesn't just take advantage of a world that exists for the benefit of business, but, more than most other corporations, is active in constructing and enforcing that world. McDonalds targets its advertising at children as young as two, the importance, not just to McDonalds, but to the economy generally, of nurturing emotional identification with corporate imagery, cannot be underestimated. Two year olds have little chance of differentiating between family and friends with whom it may be constructive to develop a reciprocal emotional solidarity, and an imaginary clown that exists only to increase McDonald's profit margins. The relentless targeting of Ronald McDonald images at young children is a form of abuse, extremely manipulative, McDonalds (and other advertising) prepares children for a lifetime of cultural meaning determined by capital. McDonalds increasingly enjoys a mutually beneficial relationship with state education systems. This can involve advertising, corporate talks, 'career advice' and McDonalds also provides an increasing number of school meals, with the benefit to the company of developing in young people a taste for McDonalds characterless food. 5% of Americans (and loads of people from the rest of the world), will then experience their first employment with the company. 'First jobs' at places like McDonalds have replaced national service as an
Report on Business Growth
Report on Business Growth General Motors co. is the world's second largest automaker after Toyota. Founded in 1908, General Motors employ approximately 250,000 people around the globe. It manufactures cars and trucks in 34 countries, and was the world's sales leader from 1931 to 2007. GM cars and trucks are sold globally under 13 brands; Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holde, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Wulling. Just in 2008, more than 18 million of these cars were sold in more than 140 countries. In 1990s, the economy in the USA was on the rise and General Motors gainer market share, making enormous profits from the sale of trucks and sport-utility vehicles. After 9/11 attacks, General Motors began its 'Keep America Rolling' to overcome the stock market decline. The campaign boosted sales, and forced other auto makers to follow. In 2004, General Motors redirected funds from the development of sedans to development of light trucks and sport-utility vehicles. Soon after this decision, fuel prices increased by 50%, causing GM to start developing hybrid vehicles and introducing the best fuel economy in their vehicles. In 2005, GM promoted sales through a discount to all buyers, to get rid of all 2005 buildup models, before introducing the 2006 models. However, the promotion did not help the company make more profit. General Motors had
