Examine The Advantages Of Trading Blocs Economics Essay

Examine The Advantages Of Trading Blocs Economics Essay A trade bloc is a group of countries that have joined together and formulated agreements to promote trade amongst themselves often on preferential terms. They would remove tariffs and other barriers of trade to these partners who in turn reciprocate. One of the best known trade blocs is the EEC (European Economic Community) where the individual countries have no restrictions on trade between themselves, many of the countries have a common currency (the Euro) and labour can freely move from one country in the bloc to another. Before highlighting and explaining the advantages of trading blocs one should know what the meaning of trade blocs is. A trade bloc is a group of different countries who join together for formulating agreements in order to promote trade between them. One of the best called as trade blocs is the EEC which stands for European Economic Community, where individual countries are not restricted for trade between them. Most of the countries have common currency, the Euro, because of which the people or labours can move freely from one country in the bloc to the other. ADVANTAGES Foreign Direct Investment Trade blocs give results to a rise in foreign direct investment. This further is beneficial for the economies of the nations participating. Creation of large markets is been found which results in lower costs for manufacturing goods locally. Economies of Scale Markets which are larger and developed with the help of trade blocs permit or allows economies of scale. If too much production is allowed then the real average cost of production reduces at a greater extent. Competition Positive effect of trade blocs is that lot many manufacturers of different countries come together to work closely. Ofcourse, this result to high rate of competition between them. It is said that increased competition raise to greater efficiency within the firms. Trade Effects -There is no inclusion of tariffs and so takes imports cost downward. Because of this, change of demand is been seen. The customers do purchases on the basis of low prices and allows the firms with a benefit in production to prosper. Market Efficiency An upward direction for consumption experienced with the demand changed further gives a combination of huge amount of goods being produced resulting into an efficient market. Changes in the balance of world trade during the course of the 20th Century The trade balance is the result of the difference between total values of exports and imports of products and services for that particular period of time. Also, trade surplus is the one when a nation ´s total annual exports is more than its total imports that is calculated annually. The main reason for increasing trade is improvement in technologies. Businesses and cusotmers, both have easy access to an product from different countries. Increase in technology also increases the competition among the industries dealing in that. Previously, the world trade was dominated by the trade of Europe and that is really true. Normally, after 1870 with rapid rise in industrialisation, the need for supply of products and services rised then it led its trade with other, world markets to move upward. I further broadened international economy as it brought too many states and countries into trade business this further reinforced the European domination. Thus during 1900 two thirds of Latin America ´s trade went with the Europe and about 90 per cent of Africa and Oceana also were in the same track. Examine how Economies of Scale has benefited specific industries The concept that arises in the form of production of prodruct or service and such other movements taken by all kinds of organisation whether it is non-business or business related is known  ¨Economies of scale ¨ business or nonbusiness organization. Economies of scale has benefited many industries who also participated in foreign trade. Normally, foreign trade is based on specialization, how each or different countries specialized in activities of production of products or services which furhter is a greater advantage. When one finds that there is negligle difference among countries related to the economic effiency for production of products or services, then surely there are benefits for joining in specialization and foreign trade. Other than pure economies of scale in production, there are  ¨economies of scale ¨in learning are related to specialization in foreign context of trade. Here, the average cost per unit falls as efficiencies of economy rises due to learning. In any organization where learning is plays an essential role in causing economies of scale, then there are benefits in one country specializing for that product ´s production. Also, further this can decrease average costs and retail prices to move down compared to those nations who attempt to be self-sufficient in the goods related to economies of scale in learning. Economies of scale also leads to monopoly where in the market there is only one seller for the particular product. Here, when there is only one seller then it can engage in an unfair pricing policy due to lack of competition and the people always insist that monopolist ´s pricing should be regulated by the government. For example, the electric providing industry which is enjoying natural monopoly. Propose reasons why globalisation has led to organisations finding cheaper resources Globalization is a process which embodies an alteration of social relations and transactions in the spatial organisation, generating interregional flows and activity networks, interaction and power. Factors contributing to globalization are huge migration and move of people, communications and transportation technologies and services, the international agreements which decreases business cost in other countries and so on. Globalization have given greater range of profits to countries and companies dealing with it however it is also complicated as it includes various cultures, values, expectation of people, governments and so on. Globalization has both sides of coin, positive and negative. In case of job creation, it has not played so good role as was expected. Due to high competition in informal sector firm ´s survival rate is low, making jobs in these sectors insecure. The other issue highlights is outsourcing which is the result of globalization. Here, the business processes that are outsourced are at lower level related to their skills and efficiency needs. The main concept of outsourcing is that if any firm is not specialized in certain role which it does not feel important then it will outsource the work with cheaper labour. In the beginning outsourcing was limited to only peripheral services however now it has expanded even with the core functions like customer care, financial service, and technological service and so on. Ways in which individuals and businesses can deploy culture to transform social and economic inequalities, and bring about social and economic change Culture gives its meaning as human activity patterns with the symbols that provide significance to these activities. For example,  Ã‚  Indian curry, French cheese and so on  have become more popular in other countries compared to its origin. The companies like McDonalds is the best example for globalisation which is operated in more than 31000 locations across the world. The internet breaks down cultural boundaries across the world by enabling easy, near-instantaneous communication between people anywhere in a variety of digital forms and media. Internet is related to cultural globalisation as it permits communication and interaction between different people staying in different countries, having different styles and cultures. Globalization has generated significant international opposition over concerns that it has increased inequality and environmental degradation.   The effect of globalization on culture is been viewed by some people. With the economies and trade globalization, the culture is also been exported and imported. Sometimes the bigger countries may destroy the cultures of small countries by leading these values and customs towards negligibility. Social   development of the system of  non-governmental organisations  as main agents of global public policy, including humanitarian aid and developmental efforts. Propose ways in which a business can enter into new forms of relationship with diverse cultures to enhance cultural diversity and innovation Culture is complicated and is manifested within the boundaries of the behaviour that is acceptable. Also, culture is not something that comes when we born however it is been  ¨learned ¨. The conscious awareness of cultural standards is very limited. It is a questionable issue for most of the marketers as it is difficult to understand often. One mat disregard the cultural norms of another country even if have no information. When we talk about the new innovation, they do not spread as fast as what we expect. Examples are many for this which includes cellular phones also, as they existed for long duration before actually they were adopted on a wide range. Some characteristics play an important role for less or more spread of the products which are relative advantage, compatibility, complexity, trial ability, and so on. Globalisation is of particular interest to employees of a major organisation Normally, here corporate responsiblity goes with the globalization. So as corporations carry growth through globalization, they have come upon with new challenges which imposes certain hinderances to the growth and the profits. There are several issues which causes lots of oney involved in it. Governement regulations, environmental restrictions and tariffs are includes in the issues. It depends on different organisations how seriously they these issues. Some uses CSR ways in order to get support of people for their global market presence. The competition which is formed globally gives pressure on corporations who deals multinational products in to check the entire supply chain alon with the labor practices from CSR perspective. Reasons why some believe that the current form of globalisation has brought poverty and hardship to millions of workers As per Jagdish Bhagwati, the former adviser to U.N. on globalization, though there are some issues with the fast development, however this globalization also plays a positive role for taking out the people from poverty, to make countries out of poverty. He says that developing countries workers have many choices for their earnings. Educated workers in developing countries now can compete with the global market and put effort to obtain high paid jobs. Production workers in developing countries now have a strong benefit with the whole industrial world. Now, we can talk about disadvantages or other negative consequences that occurs in poorer countries. The main export of these countries is agricultural products which larger countries mostly subsidise their farmers which further reduce the market price for poor farmer ´s crops when compared to what it is in free trade. The recent globalization form with its international rules and regulations has brought poverty and hardship to lot many like millions of workers especially in developing and poorer countries. Their working conditions, wages and job security, all are eaten away. Everyone knows that globalization creates issues for the workers. These issues do not respond to national solutions purely and therefore international response is required from trade union movement for protecting workers and the other social rights too. For example, in India, An important reason, is the trade and investment as to it gives the reason of progress been made in decreasing the poverty and global inequality. The other reasons are good national policies with sound institutions and domestic political stability. After these all progress, the situation of poverty remains the most challenging job for anyone or everyone. Poverty has not diminished however some proportion of people living in poverty throughout the world has decreased. The economic data would represent the difference in 1980s and 1990s. It is not the question that India has to but it is India have to undertake five crucial areas where it have to work in order to achieve the goal. These areas are technological entrepreneurship, new business openings for small as well as medium enterprises, quality management importance, to deal with new prospects in rural regions and lastly financial institution ´s privatisation.

What is Nuclear Power? Essay -- essays research papers fc

The process used was to gather information from books, the Internet, and interviewing my father who works at a nuclear power plant.   Ã‚  Ã‚  Ã‚  Ã‚  There are many forms of energy. Coal, gas, oil, and nuclear power are the most common forms of energy used in the United States. Three of these energies are limited: coal, gas, and oil. Nuclear power is unlike the other three because it uses the fission process instead of combustion. This form of power is unlimited. It produces heat energy like the others, but does not produce Carbon Dioxide and other particulate emissions.   Ã‚  Ã‚  Ã‚  Ã‚  Nuclear Power is made by Nuclear Fission. To create fission you must split a nucleus (usually Uranium) with a neutron. This starts a chain reaction that continues endlessly. In the reaction the splitting creates energy, as the energy bonds that tie the sub-atomic particles (protons, neutrons and electrons) together are broken. Only a small amount of energy is released by each fission, but billions of fissions are occurring, adding up to a lot of heat energy. This is a very powerful energy that makes up 20% of electricity generation in the US. Fission Process   Ã‚  Ã‚  Ã‚  Ã‚  A byproduct of Nuclear Power is Radiation. There are three types of radiation. One is called Gamma Rays. It is very dangerous to your skin and organs. Gamma Rays can be stopped by several feet of concrete and a few inches of lead. To reduce the harm exposure to Gamma radiation can ...

Economy of the Philippines Essay

The Economy of the Philippines is the 43rd largest in the world, according to 2011 World Bank statistics and it is also one of the emerging markets in the world.[24] According to the CIA Factbook, the estimated 2011 GDP (purchasing power parity) was 391.1 billion.[5] Goldman Sachs estimates that by the year 2050, it will be the 14th largest economy in the world, Goldman Sachs also included the Philippines in its list of the Next Eleven economies. HSBC projects the Philippine economy to become the 16th largest economy in the world, 5th largest economy in Asia and the largest economy in the South East Asian region by 2050.[25] Primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits. Major trading partners include the United States, Japan, China, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan, and Thailand. As a newly industrialized country, the Philippine economy has been transitioning from one based on agriculture to one based more on services and manufacturing. The Philippines is one of the Tiger Cub Economies in Southeast Asia together with Indonesia, Malaysia and Thailand. Contents| Macroeconomic trends See also: Economy of Asia, Economic history of the Philippines (1973–1986), Post-EDSA macroeconomic history of the Philippines, and Economic Crisis and Response in the Philippines The Philippine economy has been growing steadily over decades and the International Monetary Fund in 2011 reported it as the 45th largest economy in the world. However its growth has been behind that of many of its Asian neighbors, the so-called Asian Tigers, nor is it a part of the Group of 20 nations. Instead it is often grouped in a second tier of emerging markets or of newly industrialized countries. Depending upon the analyst, this second tier can go by the name the Next Eleven or the Tiger Cub Economies. It has not suffered from the downturn in the world economy that began in 2007. A chart of selected statistics showing trends in the gross domestic product of the Philippines using data taken from the International Monetary Fund. Composition by sector As a newly industrialized country, the Philippines is still an economy with a large agricultural sector; however, services have come to dominate the economy.[citation needed] Much of the industrial sector is based on processing and assembly operations in the manufacturing of electronics and other high-tech components, usually from foreign multinational corporations. Filipinos who go aboard to work–-known as Overseas Filipino Workers or OFWs—are a significant contributor to the economy but are not reflected in the below sectoral discussion of the domestic economy. [edit] Agriculture The agriculture sector makes up 12% of the GDP and employs 33% of the workforce. The type of activity ranges from small subsistence farming and fishing to large commercial ventures with significant export focus, such as major multinational corporations like Dole Food Company and Del Monte Foods. The Philippines is the world’s largest producer of coconuts producing 19,500,000 tonnes in 2009. Coconut production in the Philippines is generally concentrated in medium-sized farms.[30] By 1995, the production of coconut in the Philippines had experienced a 6.5% annual growth and later surpassed Indonesia in total output in the world.[31] The Philippines is also the world’s largest producer of pineapples, with 2,198 thousand metric tons.[32] Rice Production in the Philippines is important to the food supply in the country and economy. The country is the 8th largest rice producer in the world, accounting for 2.8% of global rice production.[33] However, the country is also the w orld’s largest rice importer in 2010.[34] Rice is the most important food crop, a staple food in most of the country. It is produced extensively in Luzon, the Western Visayas, Southern Mindanao, and Central Mindanao. Shipbuilding and repair The Philippines is a major player in the global shipbuilding industry with shipyards in Subic, Cebu, General Santos City and Batangas.[35][36] It became the fourth largest shipbuilding nation in 2010.[37][38] Subic-made cargo vessels are now exported to countries where shipping operators are based. South Korea’s Hanjin started production in Subic in 2007 of the 20 ships ordered by German and Greek shipping operators.[39] The country’s shipyards are now building ships like bulk carriers, container ships and big passenger ferries. General Santos’ shipyard is mainly for ship repair and maintenance.[40] Being surrounded by waters, the country has abundant natural deep-sea ports ideal for development as production, construction and repair sites. On top of the current operating shipyards, two additional shipyards in Misamis Oriental and Cagayan province are being expanded to support future locators. It has a vast manpower pool of 60,000 certified welders that comprise the bulk of workers in shipbuilding. In the ship repair sector, the Navotas complex in Metro Manila is expected to accommodate 96 vessels for repair.[41] Â  Automotive The ABS used in Mercedes-Benz, BMW, and Volvo cars are made in the Philippines. Ford,[42] Toyota,[43] Mitsubishi, Nissan and Honda are the most prominent automakers manufacturing cars in the country.[citation needed] Kia and Suzuki produce small cars in the country. Isuzu also produces SUVs in the country. Honda and Suzuki produce motorcycles in the country. A 2003 Canadian market research report predicted that further investments in this sector were expected to grow in the following years. Toyota sells the most vehicles in the country.[44] By 2011, China’s Chery Automobile company is going to build their assembly plant in Laguna, that will serve and export cars to other countries in the region if monthly sales would reach 1,000 units.[45] Â  Aerospace Aerospace products in the Philippines are mainly for the export market and include manufacturing parts for aircraft built by both Boeing and Airbus. British company MOOG, is the biggest aerospace manufacturer with base in Baguio in the Cordillera region. The company produces aircraft actuators in their manufacturing facility. Another British company British Aerospace is to open manufacturing facility in southern Philippines for the manufacture of galleys used in aircraft cabin.[46] In 2011, the total export output of aerospace products in the Philippines reached US $3 billion.[47] Electronics Intel has been in the Philippines for 28 years as a major producer of products, including the Pentium 4 processor. A Texas Instruments plant in Baguio has been operating for 20 years and is the largest producer of DSP chips in the world.[48] Texas Instruments’ Baguio plant produces all the chips used in Nokia cell phones and 80% of chips used in Ericsson cell phones in the world.[49] Until 2005, Toshiba laptops were produced in Santa Rosa, Laguna. Presently the Philippine plant’s focus is in the production of hard disk drives. Printer manufacturer Lexmark has a factory in Mactan in the Cebu region. Â  Mining and extraction The country is rich with mineral and geothermal energy resources. In 2003, it produced 1931 MW of electricity from geothermal sources (27% of total electricity production), second only to the United States,[50] and a recent discovery of natural gas reserves in the Malampaya oil fields off the island of Palawan is already being used to generate electricity in three gas-powered plants. Philippine gold, nickel, copper and chromite deposits are among the largest in the world. Other important minerals include silver, coal, gypsum, and sulphur. Significant deposits of clay, limestone, marble, silica, and phosphate exist. About 60% of total mining production are accounted for by non-metallic minerals, which contributed substantially to the industry’s steady output growth between 1993 and 1998, with the value of production growing 58%. In 1999, however, mineral production declined 16% to $793 million.[citation needed] Mineral exports have generally slowed since 1996. Led by copper cathodes, Philippine mineral exports amounted to $650 million in 2000, barely up from 1999 levels. Low metal prices, high production costs, lack of investment in infrastructure, and a challenge to the new mining law have contributed to the mining industry’s overall decline.[citation needed] The industry rebounded starting in late 2004 when the Supreme Court upheld the constitutionality of an important law permitting foreign ownership of Philippines mining companies.[citation needed] However, the DENR has yet to approve the revised Department Administrative Order (DAO) that will provide the Implementing Rules and Regulations of the Financial and Technical Assistance Agreement (FTAA), the specific part of the 1994 Mining Act that allows 100% foreign ownership of Philippines mines.[citation needed] Offshoring and outsourcing According to an IBM Global Location Trends Annual Report, as of December 2010[update] the Philippines has surpassed India as the world leader in business process outsourcing.[51][52] The majority of the top ten BPO firms of the United States operate in the Philippines.[citation needed] Total jobs in the industry grew to 100,000 and total revenues were placed at $960 million for 2005. In 2012, BPO sector employment ballooned to over 700,000 people and is contributing to a growing middle class. BPO facilities are located mainly in Metro Manila and Cebu City although other regional areas such as Baguio, Bacolod, Cagayan de Oro, Clark Freeport Zone, Dagupan, Davao City, Legazpi, Dumaguete, Lipa, Iloilo City, and CamSur are now being promoted and developed for BPO operations. Call centers began in the Philippines as plain providers of email response and managing services and is now a major source of employment. Call center services include customer relations, ranging from travel services, technical support, education, customer care, financial services, online business to customer support, and online business to business support. Business process outsourcing (BPO) is regarded as one of the fastest growing industries in the world. The Philippines is also considered as location of choice due to its less expensive operational and labor costs and high proficiency in spoken English and highly educated labor pool. In 2011, the business process outsourcing industry in the Philippines generated 700 thousand jobs[53] and some US$11 billion in revenue,[54] 24 percent higher than 2010. By 2016, the industry is projected to reach US$27.4 billion in revenue with employment generation to almost double at 1.3 million workers.[55]

Maya Ceramics Essay - 1018 Words

There are many different types of styles and cultures that affect the work of ceramics. One type of culture that was very interesting was the Pre-Columbian Maya culture of Mesoamerica. The natural environment that the Mayans lived in offered a wealth of materials and ideas to give works of beautiful art. â€Å"The Maya used ceramics every day, small cups for drinking vessels, tall cylinders for storing and pouring ritual beverages, and plates for all sorts of delicious foodstuffs, from tamales to corncakes served with sauces† ( Miller 190). The Maya had specific techniques and shared similarities with the ancient Greeks regarding how they formed their own clay slips. http://www.arthistoryclub.com/art_history/Maya_ceramics Maya period†¦show more content†¦The larger sites spread out political and economic influence over increasing lengths to include new resident populations, creating spacious and powerful political hierarchies. By AD 500, Classic Maya civilization was civic and hierarchical. Innumerable rituals, both private and public chaperoned these developments. These rituals required all the effects of prominence, including unique painted pottery ware for the accompanying feasts. The painted vessels attended an auxiliary significant role as social currency within the domain of à ©lite gift exchange. Many of these vessels finally ended in interment as part of the funerary offerings. One of the exceptional attributes of Classic Maya painted pottery is the aspect of painted parchment texts around their upper rims as well as within the pictorial views on the vessels. These texts were utilized as a principal designs feature, as relational devices to fabric the pictorial field and to stand in as the rooflines and pillars of the architectural surroundings portrayed on many vessels. Most substantial characteristic of Classic Maya pottery which acclaimed it to function as an effectual emblem of political prestige was the sixth-century AD origination of new painting styles, as a central characteristic of the iridescent pottery, mirror the cultural individuality function within the political pit. Consequently, by commemorating the potterys many style groups and deciding where they were created andShow MoreRelatedCeramics: Pottery and Clay17443 Words   |  70 PagesCERAMICS TERM PAPER in Submitted by: Jenilen M. 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ThereRead MoreTaking a Look at Ancient Empires663 Words   |  3 PagesAncient Empires such as Gupta, Rome, Maya, and Rome were some important empires.They all have Pros/Cons in their Empire. No empire was perfect, each empire had its own ups and downs. The Romans had a strong military that gained lots of new land compared to the Mayans who did not have a strong military because their military did not help gain lots of land and didn’t really defend their land well like the Romans did. Rome had better beliefs and religion such as Roman mythology which had stronger beliefsRead MoreCompare and Contrast Maya, Aztec, and Inca Culture Essay677 Words   |  3 PagesCompare and contrast Maya, Aztec, and Inca culture In history we the people have found to realize that the Maya, Aztec, and Inca culture was one of the most incredible findings of their accomplishments. The Maya, Aztec, and Inca civilizations were really smart in topics of engineering, writing, agriculture and astronomy. 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More specifically, three examples of these important artifacts are the Templo Mayor, the Maya stelae and the ritual of bloodletting. These are great examples because each presents a different type of artifact and contributes to different aspects of state authority. The Templo Mayor (Spanish forRead MoreBelize : A Unique And Different Country1213 Words   |  5 Pagesyear round activities that the people of Belize, as well as the tourists enjoy. Pop culture is celebrated in a wide variety of ways. The languages of Belize are as follows: English 62.9% (which is the official language); Spanish 56.6%; Creole 44.6%; Maya 10.5%; German 3.2%; Garifuna 2.9%; other 1.8%; unknown 0.3%; none 0.2% (cannot speak). Some of the National Holidays in Belize are very similar to the National Holidays in the United States, such as: New Year’s Day; Good Friday; Easter Sunday; Labor