Discussing Linda Mcquaig's article, Lost in the Global Shopping Mall,
"When our cultural voice goes, our independent critical, political voice is silenced as well."1 There is an ongoing argument in this country that free trade is in some way changing our country's values and perspectives in terms of economic policy and social awareness. Along with this argument, there is a feeling that because of our involvement in the FTA and NAFTA, there has been too much priority put on trade and not enough attention put on the citizens needs or concerns which in the past has been the cornerstone of Canadian society. In Linda Mcquaig's article, Lost in the Global Shopping Mall, the argument is made that our involvement in these multinational organization has lead to a loss of individual government sovereignty and more importantly, a shift from social awareness to economic domination. She writes, "We see a growing acceptance of private power, and a willingness to allow the corporate sector to dominate the economic and political spheres."2 It is her belief that free trade has essentially established a new set of international laws to protect "corporate profit-making rights", far and beyond any degree of laws that have been created to protect social, labour, or even human rights. With all that being said, free trade has brought with it many improvements to our society. In assessing the effects of free trade on our economic and social values it must
What do Unions do?
What do Unions do? Abstract: This paper attempts to answer the question of what unions do. Put simply, are they good or bad? Do they harm the economy? What effects do they have, on productivity, financial performance, inflation, productivity growth and investment? All these questions are answered in detail using a number of studies and applications of various models. I. INTRODUCTION The structure of this paper will be as follows; First it will outline the two faces of trade unions as first created by Freeman and Medoff. The basis of much of the literature surrounding unions has stemmed from this. Secondly a large section of the paper has been devoted to productivity. This is because it is one of the most important aspects of the effect of trade unions from the firm's point of view and the economy as a whole. Thirdly, there will be a section on productivity growth, which is distinct from productivity. Fourthly the broader concept of financial performance will be assessed. The question of whether unions impact on investment will be answered in the next section and finally a brief section will be devoted to unions and inflation. All this while not a complete analysis of the topic should go someway towards answering the question of what unions do. II. REVIEW OF THE TOPIC This paper draws heavily on four main sources. The earliest is that of Freeman and Medoff entitled What
Regional integration has been a forceful movement towards reducing trade barriers between countries
Regional Analysis Danielle O'Leary MGT 448 Daniel Tablada January 11, 2005 Regional integration has been a forceful movement towards reducing trade barriers between countries. It is a strategy formed by several nations to increase freer trade and promote equitable growth between these countries. The following will analyze the role regional integration has taken in promoting global business and the advantages and disadvantages. A further analysis will be done on the EU (European Union) trading bloc, discussing similarities, differences, and ramifications of the economic development of Ireland and Great Britain. Promoting Global Business Making up the foundation of regional integration, GATT (The General Agreement on Tariffs and Trade) was first formed to oversee trade of all goods and has since evolved into WTO (World Trade Organization). The WTO is a forum for where all nations can meet to negotiate trade agreements. The WTO agreements provide the legal setting for international trade. Members of the WTO come from all around the world and are comprised of several regional trading blocs. The four major ones are: the EU (European Union), NAFTA (North American Free Trade Agreement), MERCOSUR (Mercado Comun del Cono Sur, also known as Southern Common Markets (SCCM)), and ASEAN (Association of Southeast Asian Nations). "Since 1990 194 trade agreements have been registered
Restructuring Business, Labor, and Government: Deindustrialisation, Entrepreneurialism, and the Decline of Labor.
English Summary Term Paper Florian Hoffstaedter 20/11/2002 Restructuring Business, Labor, and Government: Deindustrialisation, Entrepreneurialism, and the Decline of Labor Transformation of Capitalism (Page 239-296) Closed Plants, Lost Jobs: Consequences of Deindustrialisation (1982) The deindustrialisation in America started right after the second world war. It was a time period where several major shifts were made. One of them is the " capital flight" which made businesses in the United States of America move from the industrialised North to southern locations which had the advantages of cheaper labour, weaker labour unions and a great support of the local governments. One company which symbolises this time is probably the Chance-Vought Division of United Aircraft Company which relocated, with the help of federal government subsidies, their whole Machinery and offices from Bridgeport, Connecticut, to Dallas Texas. During the decade of 1970 a great movement of businesses transformation took place rustling in a loss of 450000 to 650000 jobs in the private sector. By adding direct results of plant, store and office shut downs the number of unemployment rose to 32 million. To a great part one can guilt present high stagflation and growing international competition .By the time when Capital flight increased one could see movements of firms from national locations to
Going through the previous reports given to me by Denise, I have been looking at the way that Rivits Ltd formerly decided which investment project to choose.
To: Dan Kitson Of Interest to Those Responsible For: Investment Decision Reference 2003/545 Publication Date: December 2003 Enquires to: Chris Hampton 01756 765329 [email protected] Executive Summary 2 Aims 2.1 To justify why Rivits Ltd should change to the NPV investment decision system. 2.2 Examples of how NPV works 2.3 What other techniques can be used 2.4 Analysis of calculations - why I have included certain things 2.5 What is NPV? What is wrong with the current system? Good and Bad points of NPV 2.6 Sensitivity Analysis 2.7 What type of Company is Rivits Ltd 3 Introduction 3.1 Going through the previous reports given to me by Denise, I have been looking at the way that Rivits Ltd formerly decided which investment project to choose. After having looked at the reports I have come up with a new more systematic investment appraisal technique using the net present value. A poor appraisal technique that does not ask the right questions and provides an erroneous conclusion will destroy the wealth of the shareholder, which for Rivits Ltd and any company is not ideal. The objective of a company should be aiming to maximise the wealth of the shareholder, for reasons being ==> Practical, a single objective leads to clearer decisions ==> The contractual theory ==> Survival in a competitive world ==> It is better for society ==> They own the
The role of the State in Third World economies.
The Role of the State in Third World Economies Economic growth is one of the necessary conditions for the development of every country. The government's role in stimulating economic growth has been a controversial subject of public debates for centuries. This essay will try to explain some of the major economic concepts throughout history, and some of the economic models implemented in the developing world. One of the first schools of economic thought was mercantilism. It emerged in the 16th century and influenced most of Western Europe. Mercantilists favored foreign trade and manufacture and viewed money (gold) as a source of prosperity of one nation. The state was considered both the regulator and enforcer of economic policies and the beneficiary of the achieved wealth. In 1776, a brilliant Scottish philosopher and economist Adam Smith published his book "The Wealth of Nations", in which he proposed the concepts of free trade, market economy and less state involvement. A direct challenge to mercantilism, his theory marked a new era of economic thought and introduced political economy, a concept that later developed into a separate systematic discipline. The 19th century was marked with the ideas of Karl Marx, who advocated state ownership over the means of production and centrally planned economy. In the 20th century, Sir John Maynard Keynes emphasized the necessity of
Are cultural values that are conducive to business a cause or an outcome of economic development? Has their role been exaggerated?
2) Are cultural values that are conducive to business a cause or an outcome of economic development? Has their role been exaggerated? Nations are based on a certain cultural tradition, and it is then contended that certain values and attitudes within this tradition are intuitively linked to economic performance. National cultures are best understood as complicated contextual structures, in which distinct values and attitudes do not exist in isolation, but rather in a well defined relationship with other values and attitudes (M.Lewis, R.Fitzgerald and C.Harvey).Every country has its unique history consisting of various national characteristics created either by the state or the national culture, which are believed to have major effects on economic growth of a country. Writers such as Alfred Chandler have argued that businesses succeed because of their cultural norms, government regulations and institutions. Large-scale European companies are not as good as U.S companies due to their cultural differences and the nature of management. There are some values promoted in the East, which are best suited to the culture prevalent there and are responsible for the most part, for the success therein. The essay will look at the effects of culture on business in the West (Western Europe and the US), and Asia. Asian countries in particular have made phenomenal economic progress in a
The External Economic Relations of the EU.
The External Economic Relations of the EU Introduction Foreign policy in the defence and security fields has always been jealously guarded preserve of national sovereignty in the EU. Even with the development of foreign policy cooperation and now security and defence policy, the EU's role in this field is extremely limited. The differing interests and views of Member States make it difficult to achieve a common policy, it has proved difficult to even adopt and maintain common positions. The presence of neutral states in the EU adds to the complications of actions in this field. So the one area of foreign policy where the EU does power is external economic relations. The reasons for the Common Commercial policy: * A single market requires a: * Common External Tariff: otherwise trade checks would need to remain in place to prevent trade deflection, the routing of goods through low tariff countries to avoid high tariffs. * Common Commercial Policy: the rules governing trade policy must be the same across the EU, requirements with regard to non-tariff barriers have to be harmonised and preferential trade agreements have to be common. * Bargaining power: The EU can use its size and importance in world trade to pursue its interests in trade negotiations. Forces shaping trade policy * Member States particular interests: countries, regions or products that are especially
Stock Market Volatility Is Caused By Businesses Yet Detrimental To Business Activity And Profitability. Discuss.
Title: "Stock Market Volatility Is Caused By Businesses Yet Detrimental To Business Activity And Profitability" Module Name: Business Environment Module Number: CORP1111 Tutor Name: Peter Lee Tutorial Day: Wednesday 4pm-5pm Student Name: Qasim Sheikh Student ID Number: P09291475 In this essay I will be discussing how the stock markets volatility is caused by business activity as well as damaging the activity and the profitability of a business overall. I will firstly start by explaining what the stock market is and what the capital market consists of and then go on to discuss the different types of stock market and shares. I will then move onto saying what different types of markets and investors there are and also touch upon the aspect of window dressing; from here I will then cover how the stock market affects business activity and profitability. The stock market can also be identified as the "stock exchange or Wall Street". This is where you can purchase and put up for sale daily your "stocks, mutual funds, bonds and commodities" (A1). The capital market is where stocks and shares are traded nationally and is a key provider for long term finance for companies. The capital market is formed by two parts, the primary and secondary part. The primary involves in buying and selling new stocks and shares, and secondary involves in buying and selling existing
The Opium Wars - Causes and Consequences.
The Opium Wars: Causes and Consequences By Sylvia Simson 992-11-4219 Recitation TA: Claudio Benzecry World Cultures: China Friday, October 4, 2002 Nationalistic pride and an overwhelming desire for worldwide power and acclaim have always been defining characteristics of our world's major political and economical countries. China and Britain have both always been regarded as two of these instrumental nations that shape our world. However, the rivalry between these two countries, particularly in the mid-nineteenth century, stands as the foundation of what is known as the Opium Wars. The first Opium War spanned from 1839 to 1842, ending with the Treaty of Nanjing signed on August 29, 1842. The second Opium War, caused by Chinese discontent with the previously signed treaty, commenced in 1856 and concluded in 1860, and included both the Treaty of Tianjin and the Convention of Peking.1 Both of these conflicts, concerned simply with the issue of trading rights between the two countries, can be defined as a struggle for supremacy as both nations' attempted to economically and politically dominate their rival country's government system.2 However, it must also be noted that cultural differences between the two countries instigated more hindrance in each country's effort for control than anything else - the countries' contrasting belief systems, in combination with their