Thursday, November 28, 2019
William Faulkner Is Viewed By Many As Americas Greatest Writer Of Pros
William Faulkner is viewed by many as America's greatest writer of prose fiction. He was born in New Albany, Mississippi, where he lived a life filled with good times as well as bad. However, despite bad times he would become known as a poet, a short story writer, and finally one of the greatest contemporary novelists of his time. William Faulkner's accomplishments resulted not only from his love and devotion to writing, but also from family, friends, and certain uncontrollable events. William Faulkner's life is an astonishing accomplishment; however, it is crucial to explore his life prior to his fixated writing career (Mack 1794-1798). In 1905, Faulkner entered the first grade at the tender age of eight, and immediately showed signs of talent. He not only drew an explicitly detailed drawing of a locomotive, but he soon became an honor-roll student. Throughout his early education, he would work conscientiously at reading, spelling, writing, and arithmetic. However, he especially enj oyed drawing. When Faulkner got promoted to the third grade, skipping the second grade, he was asked by his teacher what he wanted to be when he grew up. He replied, "I want to be a writer just like my great granddaddy"(Minter 18). Faulkner took interest in poetry around 1910, but no one in Oxford, Mississippi, could tell him hat to do with his poems. Faulkner, who was very talkative, would always entertain Estelle Oldham by telling her vividly imaginary stories. Eventually, Faulkner grew very fond of Estelle. She became the sole inspirer and recipient of Faulkner's earlier poems. Not long after Faulkner began seeing Estelle regularly, he met a man named Phil Stone who was dating one of Estelle's friends, Katrina. Katrina had told Stone about Faulkner and his poetry. So one afternoon, Stone went to Faulkner's house to get to know him better, and during his visit he received several written verses from Faulkner's poetry. Stone not only became a very close friend of Faulkner's, but al so a mentor to the young writer at the beginning of his career. Stone immediately gave the potential poet encouragement, advice, and models for his study of literature (Minter 29). As Faulkner grew older he began to lose interest in his schoolwork and turned his attention to athletics, such as football and baseball, which caused his grades to start to fall. Eventually, he quit both athletics and school altogether. In 1919, his first literary work was acknowledged and published. The poem is a forty-line verse with a French title that acknowledges the influence of the French Symbolists. "From Mallarme he took the title of his first published poem; from Verlaine's 'Le Faune' he took the central device of The Marble Faun"(Minter 36). "The Marble Faun brings Pastoral art and modern aestheticism into a conjunction that not only exposes the weaknesses of pastoral poetry, particularly its artificiality, but also establishes the pertinence of those weaknesses to our understanding of modern a estheticism"(Minter 36). Faulkner enrolled at the University of Mississippi, and did not let his academic years distract him from writing more poems. The Mississippian, the student paper, published "Landing in Luck." The short story, nine pages in length were created directly from his direct experience in the Royal Air Force flight training in 1916. After awhile he began to get tired of school once again. He started cutting classes and finally stopped going. In the summer of 1921, Faulkner decided to take a trip to New York to receive some professional instruction from editors and critics, because Stone was busy with his academic studies. Faulkner stayed in New York and shared an incredibly small apartment with a man named Stark Young (Minter 35-40). During Faulkner's stay in New York, Stone became worried about him and his financial troubles. So Stone immediately went to work on behalf of his friend and became the Assistant District Attorney. "Within a few months, his restlessness had taken him back to Oxford and the most improbable job he would ever hold"(Minter 42). Stone pulled some strings and got Faulkner appointed to the job of postmaster at the university post office. Even as postmaster, Faulkner still found time to write. When Faulkner finished the typescript for Soldier's Pay, he it sent to
Sunday, November 24, 2019
Environmental Economics essays
Environmental Economics essays In this essay I am going to discuss some extremely important and controversial topics to the study of environmental economics. Among the topics are wildlife preservation, the global warming debate, asteroids, dumping v.s. recycling, the decreasing numbers of fish, and mutually destructive plants. In July of 1991 a naturalist by the name of Jim Tolisano and 14 others went on an expedition in order to prove that grizzly bears still inhabit the state of Colorado. The discovery of a bear or any other evidence of their inhabitance would result in a ban of hunting and a study of the bears conducted by the U.S. Fish and Wildlife Service. If a shortage was found, then additional bears might have to be added from Montana or Alaska to supplement the population. Many sectors of industry would be altered if the grizzly were to be found. Logging operations would be shut down due to the possible threat to the bears habitat. This would mean thousands of acres of land would be free of logging. The tourism industry might also take a staggering blow if the proposed East Fork Ski Area near Pagosa Springs, a potentially lucrative resort, is unable to open because of these ongoing studies. Many loggers and sawmill workers are worried about their future prospects of employment if these va st amounts of forest are designated as critical habitat. Some experts have predicted that if this were to happen, the logging industry would lose billions of board feet of timber annually. This, in turn, would cost the industry as many as one hundred thousand jobs. Some economists, like Michael Copeland, executive director of the Political Economy Research Center in Bozeman, Montana, believe that some protected species serve no economic or practical application for mankind. Spoken like a true economist, Copeland says that if it doesnt have market value then why protect it? Billions of dollars have been spent to preserve species such as the Ha...
Thursday, November 21, 2019
Alcan case Study Example | Topics and Well Written Essays - 1500 words
Alcan - Case Study Example Moreover, the information integrators try to compete through product or service differentiation rather than cost minimization and business model optimization. Robert Ouelette, the newly appointed Corporate IT Vice President, identified that the Alcan had invested a total amount of $295 million in IT services annually. This huge amount points that the company specifically gives great emphasis on IT projects and IT innovation. Robert also says that there were three major SAP implementation projects representing a combined investment of $500 million in various sectors throughout the organization when he joined the Alcan. These facts indicate that the organization has not taken any initiative to trim down IT costs and thereby to compete on prices. However, the firm strives to obtain information necessary to improve operational efficiency. To illustrate, the company currently works on more than 1000 information systems. The companyââ¬â¢s 80% of ââ¬Å"total annual IT budget was spent o n outside services from consulting and outsourcing firms, as well as on equipment and softwareâ⬠(Dube, Bernier, and Roy). 2. The five decision areas of the Alcan are financial applications, architecture, information system solutions, infrastructure planning, and infrastructure shared services. From a thorough analysis, it seems that the organization mainly practices a decentralized IT governance model in these five key decision areas although it deploys multiple governance approaches. The case study clearly indicates that all the 14 resources of the groups responsible for the improvement and promotion of corporate applications were disparate with no centralized management control. Robert states that this group did not show any form of coordinated leadership for carrying out financial applications effectively and there were no well structured common architecture for those applications. In addition, the
Wednesday, November 20, 2019
Community Policing Paper Research Example | Topics and Well Written Essays - 1000 words
Community Policing - Research Paper Example COP creates unity between communities and officers but is not practical in lower economies where citizens focus on working to attain sustainability. POP focuses on problems that may recur and has the limitation of requiring technical knowledge for proper implementation. Crimes such as home burglaries, substance abuse and prostitution have been eradicated using both POP and COP. POP and COP entail officers working with the community to prevent evil. However, POP focuses on problems and how they can be solved after careful scanning, analysis, and assessments. Everyone in the community is involved in problem solving when COP is under implementation. Police departments encounter such challenges as inadequate resources, conservatism and lack of technical knowledge in implementing POP and COP. Definition, description, strengths and weaknesses of COP According to Palmiotto (2011), community-oriented policing is a philosophy that combines traditional aspects of law enforcement with deterrenc e measures, problem resolution, community engagement and partnerships. It seeks to unite the police and the public thus facilitates the identification of criminal issues and solutions. In this arrangement, police officers discover determinants of crime and disorder consequently solving problems in their communities. The strengths are evident when officers design a network of personal contacts by foot, bike, or horse patrol in and out of their departments. This supports the crime prevention efforts and teaches residents how to help themselves by reporting crime in the neighborhood. Citizens engage in regular patrols and awareness programs to achieve the goals of prevention. Community-oriented policing has the following weaknesses. Indeed, low-income communities are not able to achieve because adults work multiple jobs at odd hours. It is also challenging neighbors to know and care about each other comfortably (Palmiotto, 2011). Definition, description, strengths and weaknesses of POP According to Goldstein (2011), POP is a policing strategy that includes classification and scrutiny of precise crime and disorder activities to design effective response strategies accompanied by ongoing assessment. Emphasis is on research to prevent the re-occurring of crimes and involvement of public and private groups that are qualified to solve problems. POP Scanning-identification of problems, Analysis-asking questions to understand the problem, Response-after careful analysis; designing a suitable response, Assessment evaluating the problem and establish a suitable solution. The strengths of POP incorporate gaining popularity among police administrators and city officials because it is practical, winning public favor which results to job securities for administrators and elected officials. There is also increased communication with the public who influence police activities. POP enables officers to link with public and private agencies to help communities. Weaknesses of POP a re conflicts that arise when officers feel subordinated and get afraid of losing their jobs since they feel that other professionals involved in policing might replace them in service delivery. Furthermore, controversies between priorities of the community and what officers feel is important to them. This is because people feel that it is not their duty to prevent crime. There is also lack of expert knowledge to employ technical mechanisms involved in
Monday, November 18, 2019
Strategic Choice in HRM Case Study Example | Topics and Well Written Essays - 2500 words
Strategic Choice in HRM - Case Study Example The company will also conduct employee redeployment, an activity whereby workers are moved from one working environment to another. The reasons for reassignment will be to increase efficiency, to reduce costs or for the purposes of trainings to build on the skills workers. Redeployment and retrenchment of workers causeââ¬â¢s stressful conditions to the employees as there remain uncertainties about their future in terms of security of their current occupation. During the redeployment process, employees are expected to maintain their performance under the changes in the workplace cultures, organisational structures and changes in the role they play in their works and responsibilities. Job insecurity is termed as being cross-sectional, moist researches are conducted either after the redeployment has been conducted or during the time when the affected individuals are trying to cope up with the new job environment. Therefore, it remains to be known how the workers manage to cope up wit h the extensive change of environment and how it correlates to the different stages of redeployment. In addition, it remains unknown how different individuals or the organisation cope up with the impacts of redistribution. Job uncertainties affect an organisations cultures; redeployment entails that in every point in time there shall be a new face in the team (Koontz 2009, p.179). The cultures may be different from their new organisation; consequently, this will impact the healthy organisation culture that had been put in place before the initialisation of the process of downsizing that affects the employee. Redeployment without a pay increment is a form of discouragement to the employee. However, modern managers have instituted a program of redeploying workers where they accompany them with a salary increase. Standfast Insurance has a plan to loan its workforce to another company.
Friday, November 15, 2019
The Perks Of Being A Wallflower English Literature Essay
The Perks Of Being A Wallflower English Literature Essay Author: Stephen Chbosky was born on January 25th, 1970, in Pitsburgh, Pensylvannia. After growing up in Pensylvannia, Stephen pursued a directing career in movies, but ended up writing books. His first book was The Perks of Being a Wallflower, which was set in his very own home state. Stephen said that he relates to Charlie, but his life in High School was in many ways different. Themes: Like most books about teenage boys, this book encompasses the theme of independence. The main character Charlie had just started High School, a time where you become more independent from your parents, and try new things. Charlie never had many friends previously, and the one good friend he did have comitted suicide the year before, leaving Charlie scared, and alone. When friendship is found among some seniors, Charlie starts his journey to a more independent self. He found himself going to parties, smoking, doing drugs, going out with girls, and even driving throughout the book. Another important theme in the book is of happiness. Whenever Charlie walked down the hallway in the school, he would wonder if a person was really happy. In the hallways, I see the girls wearing the guys jackets, and I think about the idea of property. And I wonder if anyone is really happy. I hope they are. I really hope they are. Thoughts like this would constantly occupy Charlies mind. Many thing s made Charlie happy, wether it was an interesting read, a good song, or an inspiring movie. What made Charlie really happy though were his friends, and when he found himself having a good time with them, he would forget all the bad things in his life and enjoy the moment. Later on though, Charlie found out that he shouldnt put peoples happiness ahead of his own, because in the end, he would end up missing out on the best things in life. Characters: Charlie Charlie was the 15 year old protagonist and main character of the story. Hes a timid and introverted guy whos had way too many bad things happen in his life. His best friend comitting suicide, his aunt getting hit by a car, and being the outcast of the school are only a fraction of the things hes been through. He was very intelligent and loved reading books, but that didnt really help the fact that he was socially awkward to the point where he didnt take part in anything that happened around him. He was an extremely emotional kid, but this was due to the things that have happened in his past, which in a way had traumatized him. He loved music though, and along with movies and books, they were a great getaway from his life. He was an extremely caring person too, and always put others ahead of himself, even if a little too much at times. Patrick Patrick was the senior from Charlies woodshop class who ended up becoming a treasured friend to Charlie. He was one of the few homosexuals in the school and was constantly frustrated at the fact he had to sneak around with another guy instead of being open about it. He was a very good friend, and would always take Charlie to fun places with his Sam. He also accepted Charlie for the way he was and never criticized his actions. Sam Sam was Patricks half sister, and Charlies other best friend, also in senior year. She was a beautiful girl who would not leave Charlies thoughts no matter what. She was a great friend to him though, just like Patrick. Even though Sam told Charlie not think of her in any way more than a friend, near the end of the book itss her who finds she loves him with a passion. She would always give Charlie advice when he needed it, and just like Patrick, accepted him for who he was. Setting: The book is set in the years 1991/92, in Pensylvannia, USA. Plot: When Charlies best friend comitted suicide in 8th grade, his life became a mess, and his one good friend was gone. When he overheard some girls talking about some guy that listened, and didnt try and sleep with some girl he could of slept with, he decided to send letters to him anonymously every few days, to make sure people like this, good people, still existed. So the letters went on, for a year, describing his experience in freshman year. Charlie was no ordinary freshman though. His past left him emotionally crippled and socially awkward. When he finally made some friends, he followed his wise English teachers advice to participate, and stop watching life from the sidelines. So his friends became his best friends, and he went on to participate like he was so wisely told. Thats not where it ended though, because family issues werent too far away, neither was drama with girls, or arguments with friends. Throughout the course of this book, Charlie was forced to learn how to jug gle school, friends, and family, and when some secrets from his past were revealed, it seemed like his life couldnt get any worse. Literary Techniques: The author uses quite a few literary techiniques succesfully in the book. The book is comprised of letters alone sent by Charlie to a friend of his, therefore it is in first person narrative. Early on in the book, Charlie informs the reader that his teacher criticized him for writing run on sentences, and since the book consists of letters written by Charlie himself, some sentences are purposefully run ons, and the reader understands this. Also, since these letters are just a place for him to express his ideas, he doesnt utilize very creative language. He also explained this in the book and said that he found it pointless writing words that one wouldnt even understand. But I just have never heard anyone use the words corpulent and jaundice ever in my life. That included teachers. So, whats the point of using words nobody else knows or can say comfortably? The author also utilized flashbacks by allowing Charlie to share past experiences in his letters. As one woul d expect, no ones life can be interesting all the time, so when Charlies life loses interest, so does the reader in reading about it. Then again, when Charlies life has drama in it, it is almost impossible to put down the book. Target Audience: This book is aimed at an audience of teenage boys and girls. As the main character is a boy sharing his experience in High School, the book will mostly find its way into boys hands who are experiencing the same thing. Although Charlie has a complicated life, readers can easily relate to him and his experience at school and at parties. Its an easy read due to the lack of complicated language and basic plot, so most people can read this book, regardless of interest level. Purpose: The purpose of this book is mostly to entertain its readers. The book doesnt follow much of a plot and seems to include random ideas at times, but somehow the readers find themselves strangely attached to the main character, and feel the need to keep reading about this boys life. This book also opens the readers mind in a way, as to how High School was 20 years ago, and allows them to compare the two.
Wednesday, November 13, 2019
Law Schools :: essays research papers
The Beginning of Law Schools and The Study of Law à à à à à Up to the middle of the last century, the more popular method of legal instruction in America was the training of young law students in the office of a judge or practicing attorney. Even today a large number of lawyers in the United States receive their training somewhat in the same manner. In order to be admitted into the practice of law, one must pass a bar examination. This exam is conducted by a court or board acting under judicial direction. The knowledge needed to study for and pass the exam can be found wherever the candidate thinks they can find it. The oldest law school in America was of Judge Reeve in Litchfield, Connecticut, established in 1784. For several decades’ law students received their training through lectures and instruction by Judge Reeve and his assistants, whom were practicing lawyers. This oldest American law school was a private institution. After some time there was a rise in competitors, and law courses were introduced in connection with existing colleges. Among the new schools was Harvard College, whose first professorship of law dates from 1816, but the school did not attain its position of great and rapidly increasing significance for the development of legal instruction till 1830 (Gillers 20). In the beginning, the older American law schools were referred to as lecture schools. The “Blackstone’s Commentaries';, which were used for instruction earlier, formed the sole basis of work for these lecture schools. Through the lecture method a new style of teaching came about. It was called the text-book method. The main concept of this method was for the students to study and memorize the literature in the books and recite it to the instructor. In this method most of the students class time was occupied by mechanical testing of their knowledge and quizzing them during special hours (23). The two methods of instruction-lecture method and text-book method- were always present in newer schools and very effective. Even today in the United States these methods are used with a lot of improvements and added detail. During the early 1870’s a man by the name of Christopher Columbus Langdell created a new method of instruction for English law. Langdell was a New York city lawyer, he was appointed dean of Harvard law school in 1875. Langdell wanted to revise the curriculum of the school.
Sunday, November 10, 2019
The Political Economy of International Trade
The Political Economy of International Trade Chapter Outline OPENING CASE: Why Are Global Food Prices Soaring? INTRODUCTION INSTRUMENTS OF TRADE POLICY Tariffs Subsides Country Focus: Subsidized Wheat Production in Japan Import Quotas and Voluntary Export Restraints Local Content Requirements Administrative Polices Antidumping Policies Management Focus: U. S. Magnesium Seeks Protection THE CASE FOR GOVERNMENT INTERVENTION Political Arguments for Intervention Country Focus: Trade in Hormone-Treated Beef Economic Arguments for Intervention THE REVISED CASE FOR FREE TRADE Retaliation and Trade War Domestic Politics DEVELOPMENT OF THE WORLD TRADING SYSTEM From Smith to the Great Depression 1947-1979: GATT, Trade Liberalization, and Economic Growth 1980-1993: Protectionist Trends The Uruguay Round and the World Trade Organization WTO: Experience to Date The Future of the WTO: Unresolved Issues and the Doha Round Country Focus: Estimating the Gains from Trade for America FOCUS ON MANAGERIAL IMPLICATIONS Trade Barriers and Firm Strategy Policy Implications SUMMARY CRITICAL THINKING AND DISCUSSION QUESTIONS CLOSING CASE: Agricultural Subsidies Learning Objectives 1. Describe the policy instruments used by governments to influence international trade flows. 2. Understand why governments sometimes intervene in international trade. 3. Articulate the arguments against strategic trade policy. 4. Describe the development of the world trading system and the current trade issues. 5. Explain the implications for managers of developments in the world trading system. Chapter Summary This chapter begins with a discussion of the six main instruments of trade policy, including tariffs, subsidies, import quotas, voluntary export estraints, local content requirements, and administrative policies. This section is followed by a discussion of the merits of government intervention into international trade. The author provides a balanced view of this difficult issue. The second half of the chapter focuses on the development of the global trading system. A historical context is provided, along with a view of the global trading system as it exis ts today. The author acquaints the reader with the General Agreement on Trade and Tariffs (GATT) and the World Trade Organization. Opening Case: Why Are Global Food Prices Soaring? Summary The opening case examines why global food prices are rising significantly. For more than two decades, improvements in agricultural productivity and output have contributed to lower food prices, but in 2007, the price of wheat was double its price of just a few months earlier, and the price of corn had risen some 60 percent. Two explanations for the phenomenon are increased demand, and the effects of tariffs and subsidies for bio-fuels. Discussion of the case can revolve around the following questions: QUESTION 1: Food prices have risen dramatically since 2007. Reflect on the reasons for the price increase, and discuss the implications of higher prices for consumers in developed and developing countries. ANSWER 1: For decades, consumers have enjoyed the benefits of increased productivity and output in the global food industry. In 2007, however, everything changed. The price of wheat reached its highest point ever, and the price of corn rose 60 percent over its 2006 price. Two factors contributed to this situation. The first was the increased demand for food from China and India. The second factor involved tariffs and subsidies for bio-fuels. Farmers in the European Union and in the United States are currently the recipients of subsidies for the production of crops used in bio-fuels. As a result, land that might be used for growing food is being converted to bio-fuel crops, pushing up prices on food. While some experts believe that sugar cane may be a better product for bio-fuel production than corn, tariffs on imported sugar cane effectively are keeping the crop out of the market. While all consumers are feeling the pain of higher food prices, the situation is especially dire for consumers in poor countries where calorie intake could be reduced by as much as -8 percent by 2020. QUESTION 2: How has demand for bio-fuels affected the price of food? What are the implications of this trend? Reflect on the role of government in pushing prices up. What role do tariffs and subsidies play in the situation? In your opinion, should the governments of the United States and the European Union bear any responsibility for bringing food prices back down? ANSWER 2: In an effort to slow global warming, both the European Union and the United States have adopted policies designed to increase the production of ethanol and bio-diesel. The policies involve providing subsidies to farmers. The net effect of the subsidies is to encourage farmers to produce less food, and more crops that can be used in bio-fuel production. The situation is exacerbated by high tariffs on alternative products that can be used for bio-fuel production ââ¬â particularly sugar cane. Most students will recognize that the combined effect of the subsidies and tariffs are creating a difficult situation for consumers, while at the same time protecting producers. Some students may note the irony of the situation. Consumers, hit by higher prices at the pump are putting more pressure on companies to develop cheaper and more environmentally friendly sources of energy, but in doing so are actually contributing to higher prices at the grocery store. Some students may wonder whether it makes more sense to consider non-food related sources of energy. Honda Motors is currently developing a car that runs on Teaching Tip: To expand this discussion, consider {http://www. businessweek. com/bwdaily/dnflash/content/may2008/db20080513_317940. htm? chan=search}, {http://www. usinessweek. com/globalbiz/content/may2008/gb20080520_439607. htm? chan=search}, and {http://www. businessweek. com/magazine/content/08_19/b4083026413508. htm? chan=search}. Video Note: There are two iGlobes directly related to this case. The first is Supply, Price of Food Increase Hardship for Worldââ¬â¢s Poor, and the second is Agricultural Problems Lead to Farmer Suicides in India. Chapter Outline with Lecture Notes, Video Notes, a nd Teaching Tips INTRODUCTION A) This chapter explores the political reality of international trade. Free trade refers to a situation where a government does not attempt to restrict what its citizens can buy from another country or what they can sell to another country. While many nations are nominally committed to free trade, they tend to intervene in international trade to protect the interests of politically important groups. B) The major objective of this chapter is to describe how political realities have shaped, and continue to shape, the international trading system. INSTRUMENTS OF TRADE POLICY A) In this section, the text reviews seven main instruments of trade policy. These are: tariffs, subsidies, import quotas, voluntary export restraints, local content requirements, antidumping policies and administrative policies. Tariffs B) A tariff is a tax levied on imports (or exports) that effectively raises the cost of imported (or exported) products relative to domestic products. Specific tariffs are levied as a fixed charge for each unit of a good imported, while ad valorem tariffs are levied as a proportion of the value of the imported good. The important thing to understand about a tariff is who suffers and who gains. The government gains, because the tariff ncreases government revenues. Domestic producers gain, because the tariff affords them some protection against foreign competitors by increasing the cost of imported foreign goods. Consumers lose since they must pay more for certain imports. C) Thus, tariffs are unambiguously pro-producer and anti-consumer, and tariffs reduce the overall efficiency of the world economy. Subsidies D) A subsidy is a government payment to a domestic producer. By lowering costs, subsidies help domestic producers in two ways: they help producers compete against low-cost foreign imports and they help producers gain export markets. However, many subsidies are not that successful at increasing the international competitiveness of domestic producers. Moreover, consumers typically absorb the costs of subsidies. Country Focus: Subsidized Wheat Production in Japan Summary This feature explores the subsidies Japan continues to pay its wheat farmers. Tens of thousands of Japanese farmers continue to grow wheat despite the fact that the wheat grown in North America, Argentina, and Australia is far cheaper and of superior quality. The Japanese farmers stay in business thanks to the hefty subsidies paid by the Japanese government. As a result, wheat prices in Japan are substantially higher than they would be if a free market were allowed to operate. Suggested Discussion Questions 1. Who are the winners and who are the losers from Japanese wheat subsidies? Discussion Points: Students will probably recognize that, as is usually the case with protectionist measures, the subsidies Japan pays its wheat farmers benefit the farmers, but cost the average consumer in the form of higher wheat prices. In fact, in 2004, Japanese consumers covered $700 million in subsidies! The subsidies also limit imports of wheat, which negatively affects foreign wheat farmers. 2. Why does Japan continue to subsidize its wheat farmers when cheaper wheat is readily available in international markets? Discussion Points: Thanks to subsidies, wheat prices in Japan are between 80 and 120 percent higher than they are in world markets. In fact, if the subsidies were eliminated, Japanese wheat production would cease entirely. However, at least for now, because politicians count on the votes of the wheat farmers, there appears to be no plan to end the subsidies. Teaching Tip: To extend this discussion, consider discussing Japanââ¬â¢s role in the production of rice. For more on this, go to {http://www. businessweek. com/globalbiz/content/may2008/gb20080522_132137. htm? chan=search}, and {http://www. businessweek. com/globalbiz/content/may2008/gb20080522_132137_page_2. htm}. Import Quotas and Voluntary Export Restraints E) An import quota is a direct restriction on the quantity of some good that may be imported into a country. A tariff rate quota is a hybrid of a quota and a tariff where a lower tariff is applied to imports within the quota than to those over the quota. A voluntary export restraint is a quota on trade imposed by the exporting country, typically at the request of the importing countryââ¬â¢s government. F) While import quotas and voluntary export restraints benefit domestic producers by limiting import competition, they raise the prices of imported goods. The extra profit that producers make when supply is artificially limited by an import quota is referred to as a quota rent. Local Content Requirements G) A local content requirement demands that some specific fraction of a good be produced domestically. As with import quotas, local content requirements benefit domestic producers, but consumer face higher prices. Administrative Policies H) Administrative trade polices are bureaucratic rules that are designed to make it difficult for imports to enter a country. The effect of these polices is to hurt consumers by denying access to possibly superior foreign products. Antidumping Policies I) Dumping is variously defined as selling goods in a foreign market below their costs of production, or as selling goods in a foreign market at below their ââ¬Å"fairâ⬠market value. Dumping is viewed as a method by which firms unload excess production in foreign markets. Alternatively, some dumping may be the result of predatory behavior, with producers using substantial profits from their home markets to subsidize prices in a foreign market with a view to driving indigenous competitors out of that market. Once this has been achieved the predatory firm can raise prices and earn substantial profits. J) Antidumping polices (also known as countervailing duties) are policies designed to punish foreign firms that engage in dumping. The ultimate objective is to protect domestic producers from ââ¬Å"unfairâ⬠foreign competition. Management Focus: U. S. Magnesium Seeks Protection Summary This feature explores the dumping charged levied by U. S. Magnesium against Chinese and Russian producers. According to U. S. Magnesium, the sole American producer of magnesium, Russian and Chinese producers were selling magnesium significantly below market value in an effort to drive U. S. Magnesium out of business. The company failed a complaint with the International Trade Commission (ITC) which ultimately ruled in favor of U. S. Magnesium. Suggested Discussion Questions 1. What is dumping? Were Chinese and Russian producers guilty of dumping? How did U. S. Magnesium justify its claims against Russian and Chinese producers? Discussion Points: Dumping is defined as selling goods in a foreign market below the cost of production, or below fair market value. In 2004, U. S. Magnesium claimed that China and Russia had been dumping magnesium in the United States. The company noted that in 2002 and 2003, magnesium imports rose, and prices fell. While the ITC ruled in favor of the American company, some students might question whether the fact that the Chinese could sell their product at low prices might simply reflect the countryââ¬â¢s significantly lower wage rates. . What does the ITCââ¬â¢s ruling mean for American consumers of magnesium? In your opinion, was the ruling fair? Discussion Points: The ITC ruled in favor of U. S. Magnesium finding that indeed China and Russia had been dumping their product in the United States. Fines ranging from 50 to 140 percent on imports were imposed against China, and 19 to 22 percent on Russian com panies. Most students will note that while the ITCââ¬â¢s decision is a good one for U. S. Magnesium and its employees. for consumers, the ruling means magnesium prices that are significantly higher than those in world markets. Students will probably argue that this result is unfair, and should be revisited. Teaching Tip: U. S. Magnesiumââ¬â¢s web site is available at {http://www. usmagnesium. com/}. THE CASE FOR GOVERNMENT INTERVENTION A) In general, there are two types of arguments for government intervention, political and economic. Political arguments for intervention are concerned with protecting the interests of certain groups within a nation (normally producers), often at the expense of other groups (normally consumers). Economic arguments for intervention are typically concerned with boosting the overall wealth of a nation (to the benefit of all, both producers and consumers). Political Arguments for Intervention B) Political arguments for government intervention cover a range of issues including protecting jobs, protecting industries deemed important for national security, retaliating against unfair foreign competition, protecting consumers from ââ¬Å"dangerousâ⬠products, furthering the goals of foreign policy, and protecting the human rights of individuals in exporting countries. Protecting Jobs and Industries C) The most common political reason for trade restrictions is ââ¬Å"protecting jobs and industries. â⬠Usually this results from political pressures by unions or industries that are threatened by more efficient foreign producers, and have more political clout than the consumers who will eventually pay the costs. National Security D) Protecting industries because they are important for national security is another argument for trade restrictions. The U. S. overnment protects industries like steel, aerospace, and electronics, on the basis of this argument, and has made special arrangements to protect the semiconductor industry. Lecture Note: In the United States, the Bureau of Export Administration enhances the nation's security and its economic prosperity by controlling exports for national security, foreign security, foreign policy, and short supply reasons. To learn more, go to {http://www. bis. doc. gov/about/index. htm}, click on Policies and R egulations and then on Export Administration Regulations. . Retaliation E) Government intervention in trade can be used as part of a ââ¬Å"get toughâ⬠policy to open foreign markets. By taking, or threatening to take, specific actions, other countries may remove trade barriers. But when threatened governments do not back down, tensions can escalate and new trade barriers may be enacted. Lecture Note: The trading relationship between China and the United States is an ongoing topic of discussion for many. To expand the discussion on the role of government and retaliatory trade measures, consider {http://www. businessweek. om/globalbiz/content/may2008/gb20080528_845850. htm? chan=search} Protecting Consumers F) Consumer protection can also be an argument for restricting imports. The Country Focus below suggests that the European Unionââ¬â¢s concern over beef was, in part, due to an interest in protecting consumers. Since different countries do have different health and safety standards, what may be acceptable in one country may be unacc eptable in others. Furthering Foreign Policy Objectives G) On occasion, governments will use trade policy to support their foreign policy objectives. One aspect of this is to grant preferential trade terms to countries that a government wants to build strong relations with. Trade policy has also been used several times as an instrument for pressuring punishing ââ¬Å"rogue statesâ⬠that do not abide by international laws or norms. In recent years the United States has imposed trade restrictions against Libya, Iran, Iraq, North Korea, Cuba, and other countries where governments were pursuing policies that were not viewed favorably by the U. S. government. A serious problem with using trade as an instrument of foreign policy is that other countries can undermine any unilateral trade sanctions. The U. S. Congress has passed two acts, the Helms-Burton Act and the Dââ¬â¢Amato Act, in an effort to protect American companies from such actions. Protecting Human Rights H) Concern over human rights in other countries plays an important role in foreign policy. Governments sometimes use trade policy to improve the human rights policies of trading partners. Governments also use trade policies to put pressure on governments to make other changes. Unless a large number of countries choose to take such action, however, it is unlikely to prove successful. Some critics have argued that the best way to change the internal human rights of a country is to engage it in international trade. The decision to grant China most favored nation status was based on this philosophy. Country Focus: Trade in Hormone-Treated Beef Summary This feature describes the trade battle between the United States and the European Union over beef from cattle that have been given growth hormones. It outlines the basic issues that led to the dispute, and shows how the World Trade Organization has treated the case. Suggested Discussion Questions 1. Why is the European Union so concerned about beef from cattle that have been given growth hormones? Discussion Points: Some students may argue that the European Unionââ¬â¢s ban on growth hormones in cattle was little more than a thinly veiled form of protectionism. Australia, New Zealand, and Canada, which also use the hormones in their cattle industry, were also affected by the ban. The European Union claimed that it was merely protecting the health of its citizens, however studies showed that the hormones posed no health issues for people. 2. Why did the WTO rule against the European Union? Discussion Points: The World Trade Organization ruled against the European Union stating that the European Unionââ¬â¢s ban on imported hormone treated beef had no scientific justification. Even so, the European Union refused to lift the ban, which had strong public support, and in the end, the European Union was assessed punitive tariffs. The European Union held on to its principles though, and as of 2008, continued to maintain its restrictions on hormone treated beef despite the resulting punitive tariffs. Teaching Tip: The WTO maintains a site for students. Go to {www. wto. org} and click on the students icon to search the site, research countries, and even see a list of internships that are available at the WTO. Economic Arguments for Intervention I) Economic arguments for intervention include the infant industry argument and strategic trade policy. The Infant Industry Argument J) The infant industry argument suggests that an industry should be protected until it can develop and be viable and competitive internationally. Unless an industry is allowed to develop and achieve minimal economies of scale, foreign competitors may undercut prices and prevent a domestic industry from developing. The infant industry argument has been accepted as a justification for temporary trade restrictions under the WTO. K) A problem with the infant industry argument is determining when an industry ââ¬Å"grows up. â⬠Some industries that are just plain inefficient and uncompetitive have argued they are still infants after 50 years. The other problem is that given the existence of global capital markets, if the country has the potential to develop a viable competitive position its firms should be capable of raising the necessary funds without additional support from the government. Strategic Trade Policy L) Strategic trade policy suggests that in cases where there may be important first mover advantages, governments can help firms from their countries attain these advantages. Strategic trade policy also suggests that governments can help firms overcome barriers to entry into industries where foreign firms have an initial advantage. THE REVISED CASE FOR FREE TRADE A) While strategic trade policy identifies conditions where restrictions on trade may provide economic benefits, there are two problems that may make restrictions inappropriate: retaliation and politics. Retaliation and Trade War B) Krugman argues that strategic trade policies aimed at establishing domestic firms in a dominant position in a global industry are beggar-thy-neighbor policies that boost national income at the expense of other countries. A country that attempts to use such policies will probably provoke retaliation. Domestic Politics C) Governments do not always act in the national interest when they intervene in the economy. Instead special interest groups may influence governments. Thus, a further reason for not embracing strategic trade policy, according to Krugman, is that such a policy is almost certain to be captured by special interest groups within an economy, who will distort it to their own ends. DEVELOPMENT OF THE GLOBAL TRADING SYSTEM A) Many governments recognize the value of unrestricted free trade, but are hesitant to unilaterally lower their trade barriers in case other countries do not follow suit. Since World War II, and international trading framework has evolved that enables governments to negotiate a set of rules to govern cross-border trade and lower trade barriers. For the first 50 years, the framework was known as the General Agreement on Tariffs and Trade (GATT). More recently, it has been known as the World Trade Organization (WTO). From Smith to the Great Depression B) Up until the Great Depression of the 1930s, most countries had some degree of protectionism. Great Britain, as a major trading nation, was one of the strongest supporters of free trade. C) Although the world was already in a depression, in 1930 the United States enacted the Smoot-Hawley Act, which created significant import tariffs on foreign goods. As other nations took similar steps and the depression deepened, world trade fell further. 1947-1979: GATT, Trade Liberalization, and Economic Growth D) After WWII, the U. S. and other nations realized the value of freer trade, and established the General Agreement on Tariffs and Trade (GATT). E) The approach of GATT (a multilateral agreement to liberalize trade) was to gradually eliminate barriers to trade. Over 100 countries became members of GATT, and worked together to further liberalize trade. Teaching Tip: A full review of GATT, containing an actual copy of the agreement, is available at {http://www. ciesin. org/TG/PI/TRADE/gatt. html}. 1980-1993: Protectionist Trends F) During the 1980s and early 1990s the world trading system as ââ¬Å"managedâ⬠by GATT came under strain. First, Japanââ¬â¢s economic strength and huge trade surplus stressed what had been more equal trading patterns, and Japanââ¬â¢s perceived protectionist (neo-mercantilist) policies created intense political pressures in other countries. Second, persistent trade deficits by the United States, the worldââ¬â¢s largest economy, caused significant economic problems for some industries and political problems for the government. Third, many countries found that although limited by GATT from utilizing tariffs, there were many other more subtle forms of intervention that had the same effects and did not technically violate GATT (e. g. VERs). The Uruguay Round and the World Trade Organization G) Against the background of rising protectionist pressures, in 1986 GATT members embarked on their eighth round of negotiations to reduce tariffs (called the Uruguay Round). This was the most ambitious round to date. Services and Intellectual Property H) One goal was to expand beyond the regulation of manufactured goods and address trade issues related to services and intellectual property, and agriculture. The World Trade Organization Lecture Note: To see current issues at the WTO, go to {http://www. wto. org/} and click on ââ¬Å"News. â⬠I) When the WTO was established, its creators hoped the WTOââ¬â¢s enforcement mechanisms would make it a more effective policeman of the global trade rules than the GATT had been. The WTO encompassed GATT along with two sister organizations, the General Agreement on Trade in Services (GATS) and the Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS). WTO: Experience to Date J) At the time of its establishment, the great hope was that the WTO might emerge as an effective advocate and facilitator of future trade deals, particularly in such areas as services. In general, the experience so far has been encouraging. WTO as Global Police K) So far, the WTOââ¬â¢s policing and enforcement mechanisms are having a positive effect. In general, countries have adopted WTO recommendations for trade disputes. Expanding Trade Agreements L) In 1997, 68 countries that account for more than 90 percent of world telecommunications revenues pledged to open their markets to foreign competition and to abide by common rules for fair competition in telecommunications. Similarly, 102 countries pledged to open to varying degrees their banking, securities, and insurance sectors to foreign competition. Like the telecommunications deal, the agreement covers not just cross-border trade, but also foreign direct investment. The WTO in Seattle: A Watershed? M) The 1999 meeting of the WTO in Seattle was important not only for what happened between the member countries, but also for what occurred outside the building. Inside, members failed to agree on how to work toward the reduction of barriers to cross-border trade in agricultural products and cross-border trade and investment in services. Outside, the WTO became a magnet for various groups protesting free trade. The Future: Unresolved Issues and the Doha Round N) Substantial work still remains to be done on the international trade front. Four issues on the current agenda of the WTO are the rise of anti-dumping policies, the high level of protectionism in agriculture, the lack of strong protection for intellectual property rights in many nations, and continued high tariffs on nonagricultural goods and services in many nations. Lecture Note: The European Unionââ¬â¢s trade commissioner is urging nations to complete Doha round negotiations prior to the beginning of a new administration in the United States. Further details can be found at {http://www. businessweek. com/globalbiz/content/jan2008/gb20080128_519854. htm? chan=search}. Anti-Dumping Actions O) There has been a proliferation of antidumping actions in recent years, perhaps because of the rather vague definition of what constitutes dumping. The WTO is encouraging members to strengthen the regulations governing the imposition of antidumping duties. Protectionism in Agriculture P) The WTO is concerned with the high level of tariffs and subsidies in the agricultural sector of many economies. However, the advanced countries of the world defend the current system because they want to protect their producers from lower-cost producers from developing nations. Protecting Intellectual Property Q) The agreement to protect intellectual property (TRIPS) obliges WTO members to grant and enforce patents lasting at least 20 years and copyrights lasting 50 years. The basis for this agreement was a strong belief among signatory nations that the protection of intellectual property rights is an essential element of the international trading system. Market Access for Nonagricultural Goods and Services R) The WTO would like to bring down tariff rates on nonagricultural goods and services, and reduce the scope for the selective use of high tariff rates. The hope is that at some point, rates would move to zero. Country Focus: Estimating the Gains from Trade for America Summary This feature explores the results of a study by the Institute for International Economics. The study, which estimated the gains to the U. S. economy from free trade, found that the United Statesââ¬â¢ GDP was more than 7 percent higher as a result of reductions in trade barriers than it would have been if the barriers remained. The study also estimated that if tariffs were reduced to zero, significant gains would still result. Suggested Discussion Questions 1. What does the Institute for International Economics suggest about the benefits of free trade? Discussion Points: The Institute for International Economics found that thanks to reductions in trade restrictions, the United Statesââ¬â¢ GDP was up. The Institute also estimated that even greater gains in the countryââ¬â¢s GDP would occur if protectionism was eliminated all together. Students should recognize that these findings follow the principles of Adam Smith and David Ricardo and suggest that free trade is beneficial. 2. According to the Institute for International Economics study, a move oward free trade would cause disruption in employment. Is it still worth pursuing free trade if it means that some people lose their jobs? Discussion Points: This question should prompt a strong debate among students. Some students will probably suggest that the costs in terms of lost wages and benefits associated with free trade outweigh the benefits that would be gained. Other students howev er, will probably argue that since protectionism typically benefits only a few at the expense of others, while free trade generates greater economic growth and higher wages, a free trade policy should be followed. Teaching Tip: The Web site for Institute for International Economics is available at {http://www. iie. com/}. A New Round of Talks: Doha R) In late 2001, the WTO launched a new round of talks at Doha, Qatar. The agenda includes cutting tariffs on industrial goods and services, phasing out subsidies to agricultural producers, reducing barriers to cross-border investment, and limiting the use of anti-dumping laws. FOCUS ON MANAGERIAL IMPLICATIONS A) What does all of this mean for business? Managers need to consider how trade barriers impact firm strategy, and what role they can play in promoting free trade or trade barriers. Trade Barriers and Firm Strategy B) Trade barriers are a constraint upon a firmââ¬â¢s ability to disperse its productive activities. First, trade barriers raise the cost of exporting products to a country. Second, voluntary export restraints (VERs) may limit a firmââ¬â¢s ability to serve a country from locations outside that country. Third, to conform to local content requirements, a firm may have to locate more production activities in a given market than it would otherwise. All f the above effects are likely to raise the firmââ¬â¢s costs above the level that could be achieved in a world without trade barriers. In addition, the threat of antidumping action could limit the ability of a firm to use aggressive pricing as a way to gain market share. Policy Implications C) In general, international firms have an incentive to lobby for free tra de, and keep protectionist pressures from causing them to have to change strategies. While there may be short-term benefits to having governmental protection in some situations, in the long run these can backfire and other governments can retaliate. Critical Thinking and Discussion Questions 1. Do you think the U. S. government should consider human rights when granting preferential trading rights to countries? What are the arguments for and against taking such a position? Answer: China is frequently cited as a violator of human rights, and can form the basis for a discussion of this question. While the answer to the first question clearly is a matter of personal opinion, in stating their opinions, students should consider the following points. Trade with the U. S. is very important to China, as China views the U. S. as an important market. The U. S. is also an important source of certain products. Thus, the U. S. has some leverage with trade when trying to influence Chinaââ¬â¢s human rights policies. For this policy to have much effect, however, other nations important to China must adopt similar policies. Otherwise China will simply choose to work with other countries, and U. S. consumers and producers may be more negatively impact than the Chinese. Another concern with tying MFN status to human rights is that denying MFN may make the human rights situation worse rather than better. By engaging in trade, the income levels in China will increase, and with greater wealth the people will be able to demand and receive better treatment. 2. Whose interests should be the paramount concern of government trade policy ââ¬â the interests of producers (businesses and their employees) or those of consumers? Answer: The long run interests of consumers should be the primary concern of governments. Unfortunately consumers, each of whom may be negatively impacted by only a few dollars, are less motivated and effective lobbyists than a few producers that have a great deal at stake. While in some instances it could be argued that domestic consumers will be better off if world-class domestic producers are nurtured and allowed to gain first mover advantages in international markets, it is doubtful that the government will be better than international capital markets at ââ¬Å"picking winnersâ⬠, and will more likely pick the firms with the greatest political clout. While employees may well lose jobs if there are more efficient foreign competitors, some would argue that this is just the nature of competition, and that the role of government should be to help these employees get jobs where they can be efficiently employed rather than to protect them from reality in inefficient firms. 3. Given the arguments relating to the new trade theory and strategic trade policy, what kind of trade policy should business be pressuring government to adopt? Answer: According to the textbook, businesses should urge governments to target technologies that may be important in the future and use subsidies to support development work aimed at commercializing those technologies. Government should provide export subsidies until the domestic firms have established first mover advantages in the world market. Government support may also be justified if it can help domestic firms overcome the first-mover advantages enjoyed by foreign competitors and emerge as viable competitors in the world market. In this case, a combination of home market protection and export-promoting subsidies may be called for. . You are an employee of an U. S. firm that produces personal computers in Thailand and then exports them to the U. S. and other countries for sale. The personal computers were originally produced in Thailand to take advantage of relatively low labor costs and a skilled workforce. Other possible locations considered at that time were Malaysia and Hong Kong. The U. S. government decides to impose punitive 100 percent ad valorem tariffs on imports of computers from Thailand to punish the country for administrative trade barriers that restrict U. S. exports to Thailand. How should your firm respond? What does this tell you about the use of targeted trade barriers? Answer: As long as the manufacturing requirements haven't changed significantly, looking at Malaysia or Hong Kong again for production would appear obvious. By the U. S. government introducing a specific ad valorem tariff on Thai computer imports, it would be easy to get around these by looking at other locations. Hence such targeted trade barriers can often be easily circumvented without having to locate production facilities in an expensive country like the U. S. 5. Reread the Management Focus feature on U. S. Magnesium Seeks Protection. Who gains most from the anti-dumping duties levied by the United States on imports of magnesium from China and Russia? Who are the losers? Are these duties in the best national interests of the United States? Answer: Most students will probably recognize that U. S. producers and their employees are the primary beneficiaries of the anti-dumping duties levied by the United States on Chinese and Russian magnesium imports. As a result of the duties, consumers in the United States will pay higher prices for magnesium-based products. Some students may suggest that by imposing the duties, the United States runs the risk of retaliatory measures from both China and Russia. Closing Case: Agricultural Subsidies Summary The closing case examines the effects of subsidies paid to U. S. cotton farmers. The United States currently pays about $5 billion to cotton farmers for a crop that is worth just $4 billion. The lower prices resulting from the subsides and the excess production they encourage, have had particularly devastating effects on cotton farmers in poor countries. Some estimates show, for example, that the subsidies and excess production in the United States has cost the African country of Benin more economically than it receives in aid from the United States. Discussion of this case can revolve around the following questions: QUESTION 1: Why do you think that the U. S. government pays subsidies to farmers? ANSWER 1: The United States initially began paying subsidies to farmers in the middle of the Great Depression. Many students will probably suggest that the subsidies are still being paid simply because they have been in place for so long. Other students however, may note the power of agricultural lobbyists and the fact that without the subsidies, U. S. farmers could not compete in world markets. This suggests that the government has some incentive to continue with its current policies. QUESTION 2: What is the impact of farm subsidies on the price of agricultural products in the United States, and on prices elsewhere? ANSWER 2: The subsidies paid to U. S. farmers currently run around $29 billion annually. They encourage farmers to produce more products than are needed, and in doing so depress global prices. Cotton subsidies for example, pushed the price of cotton to just $0. 5 in 2006, about half the 1995 price. For farmers in poor countries, the drop in prices has pushed income levels down over 20 percent. QUESTION 3: Who benefits from U. S. farm subsidies, who are the losers? ANSWER 3: Most students will recognize that the primary beneficiaries of the subsidies are farmers. As a result of the subsidies, consumers mus t pay more, and producers in other countries are faced with falling prices, and ultimately lower incomes. QUESTION 4: What would happen if the United States (and other countries) stopped paying subsidies to farmers to grow certain crops? Who would benefit, who would lose? ANSWER 4: If the United States stopped paying subsidies to farmers, consumers would initially see prices fall. Later however, as some farmers, without the support of the subsidies, went out of business, consumers would probably see prices rise to some degree as supply and demand moved together. Producers in other countries like Benin would benefit from increased demand and higher prices. Video Note: The iGlobe Agricultural Problems Lead to Farmer Suicides in India explores the effects of cotton subsidies on farmers in India. The iGlobe is a good complement to the Closing Case. Continuous Case Concept As automakers establish production operations in multiple countries around the world, and rely on suppliers from numerous countries, the question of tariffs and quotas becomes more important. In this chapterââ¬â¢s Continuous Case Concept, explore what happens if a country places a tariff or other trade barrier on imported cars. â⬠¢ Ask students to consider, for example, how consumers would react if the U. S. charged a tariff on every car that is imported from Japan. What would be the likely reaction of Japanese automakers? What would American producers do? â⬠¢ Next, ask students to consider whether such as tariff is ââ¬Å"fair. Who really pays the tariff? Who benefits from the tariff? Who would benefit from free trade in automobiles and car parts? â⬠¢ Finally, explore how efforts by both the United States and the European Union to increase the production of ethanol and bio-diesel (see Opening Case) could impact the auto industry. Honda is currently a market leader in the hybrid vehicle market, but is hampered by the lack of infrastructure to fully support the industry. In 2008, Toyota established a goal to sell 500,000 hybrid vehicles. This exercise works well after the notion of trade barriers has been introduced. It can also be used in a summary discussion of the chapterââ¬â¢s material or in conjunction with the Opening Case. globalEDGE Exercises Use the globalEDGE Resource Desk {http://globalEDGE. msu. edu/ResourceDesk/} to complete the following exercises. Exercise 1 Your company is considering exporting its pharmaceutical products to Japan, but managementââ¬â¢s current knowledge of the countryââ¬â¢s trade policies and barriers for this sector is limited. Conduct the appropriate level of research in a trade barriers database to identify any information on Japanââ¬â¢s current standards and technical requirements for pharmaceutical products. Prepare an executive summary of your findings. Answer: The quickest way to reach this information would be to search globalEDGE using the phrase ââ¬Å"trade barriers databaseâ⬠at http://globaledge. msu. edu/ResourceDesk/. Once at the Market Access Database website, select ââ¬Å"Trade Barriers Database. â⬠On the search option ââ¬Å"Select Country,â⬠choose ââ¬Å"Japan,â⬠and on the search option ââ¬Å"Select Sector,â⬠choose ââ¬Å"Pharmaceuticals. â⬠A series of reports are listed from which those with more general titles will provide adequate insight for the exercise. Search Phrase: ââ¬Å"Trade Barriers Databaseâ⬠Resource Name: Market Access Database Website: http://mkaccdb. eu. int/ globalEDGE Category: ââ¬Å"Research: Multi-Countryâ⬠Exercise 2 You work for a national chain of clothing stores that is considering importing textiles from India into the U. S. You want to determine whether the goods are subject to import quotas. Using information provided by the U. S. Customs and Border Protections, prepare a report highlighting the elements that determine whether a shipment is subject to this type of trade restriction. Answer: The U. S. Customs and Border Protections website hosted by the U. S. government offers considerable information on the details of importing or exporting into or out of the U. S. The information for the exercise can be reached by searching for the phrase ââ¬Å"U. S. Customs and Border Protectionsâ⬠at http://globaledge. msu. edu/ResourceDesk/. This resource can also be found under the globalEDGE category ââ¬Å"Research: Government Resources. â⬠Once on the website, click on ââ¬Å"Tradeâ⬠and select ââ¬Å"Textiles and Quotasâ⬠under ââ¬Å"Trade Program Areas. The report, ââ¬Å"Are my Goods Subject to Quotas? ,â⬠is readily available. Search Phrase: ââ¬Å"U. S. Customs and Border Protectionsâ⬠Resource Name: United States: U. S. Customs and Border Protections Website: http://www. cbp. gov/ globalEDGE Category: ââ¬Å"Research: Government Resourcesâ⬠Additional Readings and Sources of Information Economists Rethink Free Trade http://www. businessweek. com/magazine/content/08_06/b4070032762393. htm? chan=search Brazil Urges EU to Scrap Biofuel Tariffs http://www. businessweek. com/globalbiz/content/jul2007/gb2007076_483689. htm? chan=search
Friday, November 8, 2019
The lesson essays
The lesson essays In Up dikes A and the Barbaras The Lesson both stories are portrayed as using slang and even foul language to get their views across. Many of the language used expresses how both narrators view their way of life. The narrators are both a part of different societies, which shows how language differs in both characters. The foul language used in both stories does compare to the modern way our young youth talk today in every day life. Both narrators in both stories experience different views on situations that they are faced with. In The Lesson Sylvia seems to disagree on everything Mrs. Moore is trying to make a point of how poor need to wake up and demand their share of the pie (163). Her language also expresses her views of Mrs. Moore. For example, Sylvia states, she was always planning these boring-ass things for us to do (159). Which shows that Sylvia had no interest on what Mrs. Moore is actually trying to teach these kids, is not to plan boring things for them to do but to take them out in the real world to see exactly how societies are different from what they grew up in. Furthermore, Mrs. Moore takes the kids to a toy store located in a suburban town outside of Boston on Fifth Avenue where mostly the white people are located, to brose around inside and look at all the different toys and their extremeness prices. Mrs. Moore wants to set an example for them how what kind of society they live in which some people can spend on a toy what it would cost to feed a family of six or seven (164). Sylvi a is a poor child who grew up in the slums, which explain her everyday use of foul language due to the environment; she grew up in and can relate today on how you could live in different parts of your city or hometown and have different use of language. Sylvia also states how she never talked to Mrs. Moore how she wouldnt even give the bitch the satisfaction (162)....
Wednesday, November 6, 2019
Bioluminesscence essays
Bioluminesscence essays Fireflies sparking on a summer's evening. Jellyfish glowing in night waters. These are examples of bioluminescence - light emitted by living organisms. Unlike incandescent light, which is caused by heat, the light produced by luminous animals and plants results from a biochemical reaction to oxygen. Among the thousands of species of bioluminescent marine creatures, the majority are planktonic organisms. Frequently found in immense groups, these creatures glow in the wake of swimming fish or passing ships. Certain bodies of water, such as Phosphorescent Bay* in Puerto Rico have extremely heavy concentrations, contributing to legends of spirits inhabiting the water. Some luminous species of saltwater bacteria cause decaying fish to glow in the dark. Certain animals such as the "flashlight" fish culture colonies of these bacteria on their bodies and use them as their own light source. At levels where the sun does not penetrate, luminous animals give the effect of a starlit night. Scientists estimate that 96 percent of all creatures found at these depths possess some form of self light generation. Some deep-sea creatures develop photophores, light-producing organs which may be arranged in symmetrical rows along the fish's body or in a single unit overhanging the mouth. Studies reveal that photophores are connected to the nervous system and are biochemically activated. Why does bioluminescence occur? Scientists still aren't certain, but there are several possible reasons. "Blinking" patterns observed in many species indicate that the light serves a communication or courtship purpose. The light may reveal food or lure prey. Creatures with poorly developed or nonexistent eyes may use the light to blind or startle predators. In the past, bioluminescence has caused superstition, awe, and even fear. Today, it remains one of nature's most fascinating phenomena. *Bioluminescence was once confused with phosphorescence in the belief t ...
Monday, November 4, 2019
How did the womens rights movement of the 19th century emerge out of Essay
How did the womens rights movement of the 19th century emerge out of abolition activism - Essay Example The history to acquisition of rights to vote in America intertwines with the American women acquiring other rights as well. The major pioneers of American enfranchisement include Lucretia Mott, Susan B. Anthony and Chapman Catt among others. The women considered the suffrage as their number one priority since the moment they are granted the right to vote, and then other rights would have followed (Cappiello 56). In the United States, women suffrage was attained gradually at both state and local levels during the 19th century, and culminated from the passage on the constitution that stated that right to vote by citizens in United States was not to be denied by the state on basis of sex. On June 1848, liberty party comprised of entirely men. In 1850s, Women Rights Convention under leadership of Lucy stone organized suffrage petition campaigns for women in various states. Stone was the first person to make appeals for women suffrage before law makers. In 1853, she addressed Massachusetts Constitutional Convention. However, agitation was suspended during Civil War but in 1865, everything resumed as the National Women Rights committee petitioned to the congress to amend the constitution so as to prohibit states from the move towards disfranchising the citizens on basis of sex. This triggered a disagreement among the movement leaders on whether to support the ratification of 15th amendment that gave a vote to black men and ignored black women. This enhanced formation of rival organizations that campaigned for amendment that gave the women the right to vote at both local and national levels. However, the two groups led by Lucy Stone and Susan Anthony merged to form the American Women Suffrage Association in 1889. The movemen t campaigned for reforms for the progressive era (Cappiello 57). Women who took part in early abolitionist movement started demanding for equality in rights, both in their experiences and general
Friday, November 1, 2019
African American contribute for NBA Essay Example | Topics and Well Written Essays - 750 words
African American contribute for NBA - Essay Example The game that was once played dominantly by whites has seen roles reversing, with 75% of the NBA players being African American. The game is nowadays associated with the Black Americans culture, especially those in the lower classes insides cities of Americai. In regards to basketball and African Americans, one team is outstanding in both the contexts: Los Angeles Lakers. Lakers are basketball team playing in the professional category in the National Basketball Association.The Lakers are among the most successful NBA teams of all times, having bagged 16 championships in the league. The recent win was in 2010. Currently, the Lakers are the second most richest NBA teams with close to 645 million US dollars. Nevertheless, the team did not begin from a smooth start. According to NBA and sports records, the current Lakersââ¬â¢ team was a purchase from the then poor performing Detroit Gems. After the purchase, the team adopted the name Lakers, an inspiration from Minnesotaââ¬â¢s nick name ââ¬Å"The Land of ten thousand Lakesâ⬠. The team relocated to Minneapolis in 1947. The Lakers won the NBL championship with great help from George Mikan.This success ensured that the team jumped to the next level, Basketball association of America (BAA). In their first season of 1948-49, the Lakers won the BBA championship.This was great success as the team had transformed from having the worst record in NBL to become the best almost instantly after being sold to Morris Chalfen and Ben Bergerii. The teamââ¬â¢s future was bright. The year 1947 saw the birth of NBA from a merger of BBA and NBL. The Lakers proved they were the true champions by winning five NBA championships in six years. This was a record at the time. The achievements of the Los Angeles team were made possible by a rich component of talent at the team between 1949 to 1955. Hall of fame players for the Lakers included an all white list of George Mikan, Jim Polland, Clyde Lovellete, and Slater martin. Very few blacks were playing in the league at that time. Bob Williams was the first African American player for the Lakers, after signing a contract with the team in 1954. In 1960, the team further relocated to Los Angeles with a strong team comprising of two black star players: Elgin Baylor and Wilt Chamberlain, and two white players: Jerry West and Gail Goodrich. Despite this excellent combination, the Lakers lost six finals to Boston Celtics in only eight years. The 1960-1970 decade was bad for the Lakers. Lakers losing streak prolonged until 1972 when Bill Sharman took over as the teamââ¬â¢s head coach. Lakers still holds the NBA title for the longest winning streak with 33 consecutive wins during the 1971-72 seasonsiii. In the years after the success, another African American player came to dominate the team. Kareem Abdul-Jabbar was the teamââ¬â¢s backbone for approximately seven seasons. Abdul-Jabbar remains the all-time leading NBA scorer with an amazing 38,387 points. He w on six consecutive titles for the Most Valuable Player of the NBA season. At the time of retirement, Abdul-Jabbar was still holding almost all the records; points scored, time played, defensive rebounds, games played, blocked shots, and even personal fouls. Despite these achievements, Lakers did not win an NBA championship until the arrival of Earvin Johnson, or ââ¬Å"Magicâ⬠Johnson in 1979. Then a rookie player, Johnson was playing for Abdul-Jabbar after the latter was injured. Johnson put up an MVP performance in the game against Philadelphia. Magic Johnson was an African American professional player, and together with Abdul-Jabbar, assisted the team to reach for eight NBA championship finals winning five in the 1980s decade. Magic Johnson won the coveted NBAââ¬â¢
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