The backlash against the system.

THE BACKLASH AGAINST THE SYSTEM The Backlash The backlash against globalization has become apparent and widespread. Let there be no doubt, globalization has fostered a flowering of both wealth and technological innovation the likes of which the world has never seen. But this sort of rapid change has challenged traditional business practices, social structures, cultural mores and environments and, as a result, has generated a substantial backlash - with one of its loudest and most visible manifestations coming at the World Trade Organization summit in Seattle in 1999. Beyond this general sense of disruption and dislocation, the opponents of globalization resent it because they feel that as their countries have plugged into the globalization system, they have been forced into a Golden Straightjacket that is one-size-fits-all. Some don't like the straightjacket because they feel economically pinched by it. Some worry that they don't have the knowledge, skills or resources to enlarge the straightjacket and ever really get the gold out. Some don't like it because they resent the widening income gaps that the straightjacket produces or they resent the widening income gaps that the straightjacket produces or the way it squeezes jobs from higher-wage countries to lower-wage ones. Some don't like it because it opens them to all sorts of global cultural forces and influences that

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  • Subject: Business and Administrative studies
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Strategy for bottled water

BOTTLED WATER INDUSTRY Assessment 1 Module tutor: Steve Pyle Core Module: Strategy for organisations Index ) PESTEL analysis: Political...............................................................page 3 Economic.............................................................page 3 Social cultural........................................................page 3 Technological........................................................page 4 Environmental.......................................................page 4 Legal...................................................................page 4 Conclusion............................................................page 5 Opportunities & threats summary.................................page 6/7 References............................................................page 8 Appendix: Appendix 1...........................................................page 9 Appendix 2...........................................................page 10 Appendix 3...........................................................page 11 Appendix 4...........................................................page 12 Appendix 5...........................................................page 13 Appendix 6...........................................................page 14 Appendix 7...........................................................page 15

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  • Subject: Business and Administrative studies
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The implementation and effects of the national minimum wage in the UK

Management of the Economy The Implementation and effects of the national minimum wage in the UK 0528431 Abstract This report will discuss the implementations and effects of a national minimum wage in the UK. A national minimum wage is a legal right, which covers almost all workers above school leaving age. It is the "lowest hourly, daily, weekly or monthly wage that employers may legally pay to employees or workers". A national minimum wage has certain advantages and disadvantages. For example it attacks low pay and poverty however it is hard to say whether the effect is big enough to make a difference on the two of these. In conclusion, it seems the benefits far outweigh the costs. Introduction In an attempt to discuss the implementations and effects of a national minimum wage in the UK, I will first of all define what a national minimum wage is. I will also discuss the levels of the national minimum wage and who is entitled to and who is exempt from it. My report will then analyse the advantages and disadvantages that a national minimum wage can entail. A national minimum wage is "the lowest hourly, daily, weekly or monthly wage that employers may legally pay to employees or workers". It is estimated that 90% of all countries have some kind of minimum wage legislation. Statutory minimum wages were first introduced nationally in the UK on the 1st April 1999 to

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  • Level: University Degree
  • Subject: Business and Administrative studies
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Common economic problems for Sri Lanka.

Introduction There are two common economic problems for Sri Lanka, one would be that the increasing and unmanageable debt problem. And the other one would be the terrorist problem. Sri Lanka was considered as a lower-middle income developing country, but now it's been pushed down to poorest countries in the world. One quarter of the population in Sri Lanka lives in poverty. Twenty years of civil war between the government of Sri Lanka and the Liberation Tigers of Tamil Eelam (LTTE) will be the main cause of this problem. This war has claimed more than 50,000 lives. Even The governments of Sri Lanka been changed but the problem remains unchanged. More than 50% people in Sri Lanka still live in rural areas and still living with traditional agricultural base lifestyle. The government process of developing these rural areas was quite slow. However the health and education systems are good compared to other regional countries in Southeast Asia, but now their quality is getting verse because of less government investment. "In developing countries the major concern is that economic liberalization, motivated by the desire to benefit from the growth of the world trade and investment flows, will generate high transitional unemployment and cause an increase in inequality." (Globalization and Employment: Is Anxiety Justified?" Article by Eddy Lee on November 26, 1996) "When the

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  • Subject: Business and Administrative studies
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A critical analysis of the first chapter in Globalization by M. Waters (1995).

Globalization The seminar presentation was a critical analysis of the first chapter in "Globalization" by M. Waters (1995). The first part of this essay will be a review of the content of the first chapter concluding with an analysis of Waters views. The main aim of this chapter has been to try and apply the relatively new theory of globalization to old sociological theories. The first part of the chapter focuses on trying to define globalization. Robertson (1992) informs us that globalization is a relatively recent theory, it was not recognised academically significant until the mid - 1980s. This book describes globalization as, "A social process in which the constraints of geography on social and cultural arrangements recede and in which people become increasingly aware that they are receding." There are three theories as to when globalization began: The first is that globalization has been in process since the beginning of time and its affects have increased over time but with a sudden recent acceleration. The second being that globalization is synonymous with modernisation and the development of capitalism and there has been a recent acceleration. The final theory is that globalization is a recent phenomenon associated with post-industrialization, post-modernism and disorganisation of capitalism. This book takes the position that some measure of globalization

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  • Level: University Degree
  • Subject: Business and Administrative studies
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Fiscal Policy and Recession

Fiscal Policy and Recession The largest recessionary period that the United States has experienced occurred from 1929-1933, the Great Depression (Johnson 2006). Recessions are still present in the economy, but not to the same extent. The Great Depression was marked by a negative growth rate of real gross domestic product (GDP), bursts of inflation, and 25 percent unemployment. The production of goods and services dropped by 30 percent (Baumol and Blinder 2006). A recession occurs when actual GDP is lower than potential GDP(Baumol and Blinder 2006). During this time workers my experience wage reductions, and price reductions will also accompany the slow right shift of the aggregate supply curve. The economy will eventually find a new equilibrium at the potential GDP (see Figure 1). Without changes in aggregate demand (AD) this can be economically painful and may take a long time to self correct (Johnson 2006). No country in the world was spared from the woes of the Great Depression, and so great the hardships that fiscal policy has evolved to prevent such catastrophes from reoccurring. The government has fiscal policies that can help avert massive recessions, and help pull the economy out of minor recession. Aggregate demand is more easily changed by fiscal policy than aggregate supply (AS), therefore AD is targeted by the most common fiscal policies (Schmitt

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  • Level: University Degree
  • Subject: Business and Administrative studies
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With reference to the literature on poverty and development, and using statistical evidence on a developing country on your choice, discuss what progress has been made in reducing poverty in your chosen country over the last 15-25 years

With reference to the literature on poverty and development, and using statistical evidence on a developing country on your choice, discuss what progress has been made in reducing poverty in your chosen country over the last 15-25 years. Word count excluding footnotes, appendices and bibliography: 2536 India is defined as an 'emerging and developing economy'1. For the purpose of this paper I will be discussing what progress has been made in reducing poverty in India over the last two decades. Poverty can be defined by 'a condition in which a person or community is deprived of, or lacks the essentials for a minimum standard of well-being and life.'2 Our understanding can be further developed by the concept of a poverty-line. This is the threshold of 'the money an individual needs to achieve the minimum level of welfare' and have an adequate standard of living.3 As a summary measure, the updated World Bank international poverty line of $1.25 a day in 2005 PPP shows that there has been a decrease in global poverty numbers. The revised World Bank statistics estimate that 'global poverty rates fell from 52% in 1981 to 26% in 2005'4. Consequently, statistical estimates for India also show a decline in poverty levels; the population percentage living below $1.25 a day declined from '60% in 1981 to 42% in 20055'. We note that 41.01% of the world's extreme poverty (under $1.00 a

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  • Subject: Business and Administrative studies
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Business Environment. Report on the aspects of the Economic Environment

Business Environment Assignment One- Report on the aspects of the Economic Environment 1/21/2011 ________________ Table of Contents Introduction………… Page 2 Section One………….Page 3 1.1…………….Page 3 1.2…………….Page 4 1.3…………….Page 5 Section 2………………Page 6 2.1……………Page 7 2.2…………..Page 8 2.3…………..Page 9 2.4…………..Page 10 Section 3……………..Page 11 3.1……………Page 11 3.2……………Page 12 Section 4……………..Page 13 4.1…………..Page 13 Conclusion……………Page 14 Appendix………………Page 15 References…………..Page 17 Bibliography………….Page 18 ________________ Introduction By conducting this report, information within it will include details on the aspects of the economic environment while explaining a number of issues. Those issues include distinguishing between market, command and mixed economies while showing how each of the economic systems allocates what is and how it is produced. Statistics which will be recorded in the report will distinguish between the four main government aims, showing which one is the most important and what are the current trends for these objectives. Monetary and fiscal policy will both be explained, while it will also be stated how each of these can help the government to control the

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  • Level: University Degree
  • Subject: Business and Administrative studies
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In analysing the market for property space the important feature about demand is that it is derived and the important feature about supply is that it is inelastic. Critically discuss this statement

F105ECO Assignment 1 Calum Stringer 0600532 QUESTION 1 ‘In analysing the market for property space the important feature about demand is that it is derived and the important feature about supply is that it is inelastic.’ Critically discuss this statement with reference to theoretical insights into the demand and supply of office space. The term derived demand is where the demand for an intermediate product. Labour or good occurs when the demand for a final product increases; this can happen when the intermediate part of production is required for the final product. For example, demand for diesel will lead to the increase of oil extraction, as oil is required to make diesel which is to be consumed, and as demand for diesel increases so will the price. The price increase will lead to an increase demand for resources involved in refining diesel. It can be seen that Land is different from capital and has a fixed supply, while capital labour and materials can be responded to an increase in demand with an increased supply. As land cannot be created (and additionally a new building plot) then the most effective use of the land is needed. When looking into demand for services that are produced in an office, the following assumptions have been taken into account, the office space in this example is the only variable and all other costs are fixed. Input

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  • Level: University Degree
  • Subject: Business and Administrative studies
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To what extent does the post-fordist workplace mark a fundamental change in the modern forms of work and employment?

To what extent does the post-fordist workplace mark a fundamental change in the modern forms of work and employment? There is a great deal of debate concerning the extent to which fordist methods of production and economies have been replaced by a new post-fordist era. Within this debate, a large proportion of influence has been placed upon the degree and nature of change within the workplace environment. In order to understand the extent to which the post-fordist workplace marks a fundamental change in the modern forms of work and employment, it is necessary to appreciate both fordist and post-fordist work environments and evaluate and identify certain themes or notions of variation. When concerned with fordist to post-fordist workplace change, a variety of beliefs have been established. These beliefs range from the geographical relocation of work and production, to the changes in everyday working situations and their implications upon wider society. This is not to say however that these beliefs are held by all, as a multitude of criticism exists concerned with the extent of workplace changes and the implications this has upon the establishment of a post-fordist era. Therefore, in order to understand post-fordist work and employment, it is first necessary to look at fordist methods of production and societal level implications drawn from these methods. Thus, the term

  • Word count: 2941
  • Level: University Degree
  • Subject: Business and Administrative studies
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