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The World Economic Power And Its Impact On The Economy
In this book, Dobbs, Manyika, and Woetzel believe the world is almost constantly discontinued.
Many long–held assumptions, long–term projections, and long–stand trends have been upended by
disruptive technologies, trends, and developments. A completely different world is being formed by
four main forces. The first force is the development of emerging markets and the growing
urbanization within these markets (Cooper, 2015). The world economic power is moving to east and
south. As an example, China is predicted to have most large companies located in rather than the
United States or Europe by 2025. Equally important, economic activities are arising within these
emerging markets. For instance, a Chinese city Tianjin, who had a same size GDP ... Show more
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The final power is the tighter global connection in capital, people, and information. The connection
between the countries has already become an intricate web from a series of lines simply connecting
core trading pivots of developed economies. The capital flows between emerging markets; the trades
between developing areas and the people crossed borders have all experienced a sharp increase.
Figure 1: Global connection has become a complex web (Neal, 2013).
In the end, the authors give an optimistic summary forecasting that the world will become richer,
healthier and more developed. The urbanization will be higher; the technology will also achieve a
higher level. There will be more innovations for challenges, more products and services for new
consumers and more opportunities for entrepreneurs. In their words, today is "an age of recurring
miracles".
According to the given information about the authors at the back of the book, they three are all
scholars or doctors from Oxford, Stanford or the University of Southern California. Therefore, it can
be believed that they have clear ideas of the content of their book. However, there is an important
fact that the authors are all directors of McKinsey and of the McKinsey Global Institute. It is
possible that they write the book for business purposes because MGI is a business institute which
provides information to leaders in the commercial, public, and social
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Chin An Economic Power House
Seemingly transformed overnight; China has become an economic power house. In truth, however,
China has been growing now for more than 30 years. Since it's initiation of economic reforms and
trade liberalization in 1979. China is one of, if not the fastest growing economy world–wide,
averaging nearly 10% growth GDP (Growth Domestic Product). (Morrison, 2015) This financial
revolution began with a series of reforms. One was designed to revitalize the state sector and save
socialism, others began as more grass root initiatives that led to free market capitalism. (Wang,
2013). China began to change their investments from producing capital goods to producing more
consumer goods. They allocated more money to agriculture, and the government raised pricing for
the agricultural products and increased grain import. After a series of painful events China began to
privatize farming. This led to the de–collectivization of agriculture (Wang, 2013)
The de–collectivization of farming meant that the local townships and villages had to enter into the
market and operate as if they were a real business. With no access to guaranteed raw materials from
the state. They had to purchase those essential items from the black markets, generally at a higher
price. They were also excluded from the state–controlled distribution systems, which is where they
would have normally sold their products. This obstacle forced them to travel all over China to find
markets for their goods. (Wang, 2013) By no
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Power System Economics, Power Flow, And Distributed Energy...
1.1 Overview The purpose of this chapter is to give a brief introduction about this work and to
introduce various topics such as power system economics, power flow techniques, distributed
energy resources, and transactive energy used in this work. Restructuring of power Market over the
years and its current status in US is introduced first. Major government acts which paved way for
deregulation in power market and the current status of deregulation is discussed. Next, existing
power market structure and classification of energy market into Day Ahead Market and Real Time
market is examined. This is followed by Locational Marginal Pricing (which is the pricing scheme
used to charge customers), Economic Dispatch, Optimal Power Flow, and Distributed Energy
Resources. Transactive Energy framework and various transactive energy markets which is still in
the planning phase are reviewed next. The next section deals with historic review of economic
dispatch, optimal power flow, LMP and Distributed Energy Resources. Finally, scope and
contribution of this work is presented in next section. 1.1.1 Restructuring of Power Market In the
mid part of the twentieth century, the cost of electricity kept on declining as utilities started to build
larger power plants, with increased efficiency and reduced production costs. Increased electric
demand required more and larger plants, which reduced costs further as well as increasing the utility
rate base. Consumers had abundant, low cost power;
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The Reasons Of Non Compliance
IV. The reasons of non–compliance
Due to the fact, the board dismissed Steven Sewell from CEO because his characteristics are not
suitable with the characteristics of new board. This reason is very subjective and unreasonable. This
paper would not examine the unreasonable reason from the board of FDC as above, but will observe
the fact that the removal of a director by the board is not the first time happened. There are some
previous cases which are similar to the FDC case in which directors were dismissed by the board,
such as in the case of Allied Mining & Processing Ltd v Boldbow Pty Ltd ("Allied v Boldbow"),
Central Exchange Ltd v Rivkin Financial Services Ltd ("Central v Rivkin"), and Scottish & Colonial
Ltd v Australian Power & Gas Co & Ltd ("Scottish v Australian Power"). In those three cases, the
decision by the judges is considerably different. In Allied v Boldbow and Central v Rivkin, the
judges state that Section 203D does not replace any other power of removal possessed by the
company. Therefore, a company could regulate in their constitution to dismiss a director without the
need for a vote of shareholders (in defined circumstances). Conversely, in Scottish v Australian
Power, the judges emphasise that Section 203D is mandatory, and therefore, the process of removal
a director must follow Section 203D. Due to those cases, it is clear that there are pro and contra
about the dismissal of a director as stipulated in the Section 203D. One side argues that
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Distinguish Between Micro, Mecio And Macro Levels Of Practice
Distinguish between micro, mezzo and macro levels of practice and provide an example for each.
There are various differences between micro, mezzo and macro levels of practice. The micro level
consists of a one on one session with the social worker to strengthen the client's coping skills and
self–esteem. The micro is based on an individual level referring to the day–to–day setting inhabited
by the person and people they live with. It focuses on the individual or family. Examples include
finding housing for the individual, healthcare or substance abuse help. It expands as the person
grows. An example would be drawing a diagram with the individual or family being the focus and
everything outside of that circle would be affecting the family or individual in several ways. The
focus is on the micro level because it pertains to either the individual or the family.
The mezzo level is about the individual's surrounding environment. It pertains to neighborhoods,
schools and other entities. It is about providing services for the neighborhood or community. For
example, the focus may be on making schools aware of certain mental health services and helping
them obtain them.
The macro level is the organization, assumptions, myths, and ideologies of the larger world. The
universe hosting the smaller systems. An example of this would be lobby days; individuals come
together to advocate for a larger scale policy change. Once the change occurs, it will affect
everything within that
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Oil Companies And Economic Power
Argumentative Essay: Oil Companies and Economic Power
Introduction
In the modern world energy has become very important since it helps drive most industrial as well
as home based activities. For more than a hundred years, oil has been used to provide to this vast
energy requirements. Oil companies around the world have facilitated the exploration, drilling,
refinery and distribution of oil in their defined regions. The industrial part that oil companies play
can be considered to be much greater than the domestic role. Oil companies produce diesel,
petroleum, liquid petroleum gas and other products which are used to drive industrial machines used
in production of various commodities. By this virtue, oil companies become an integral part of an
economy (Marcel, Valerie, and John V. Mitchell, 98).
Oil companies operate in defined regions where oil exploration and possible drilling is done.
However some companies such as Shell BP engage in international drilling and distribution of oil
products. Below are some of the most renowned oil companies in their constituent continents:
Africa: Sasol of South of South Africa and National Petroleum Company of Congo. In Asia some of
the leading oil companies include Nobel Group and the Bahrain Oil Company. It is important to note
that Asia has a lot of oil resources and hence have extensive oil drilling activities. In Europe we
have Partex oil and Gas Company, in South America three is Bridas Corporation based in Argentina.
North America
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Oil Companies And Economic Power
Oil Companies and Economic Power
Introduction
In the modern world energy has become very important since it helps drive most industrial as well
as home based activities. The process that leads to production of the world's largest energy provider,
Oil, however has continued to receive criticism. This is so since production of Gasoline, Natural
Gas, Kerosene as well as other components present in crude oil leads to some forms of
environmental pollution. This has led to devastating climatic changes around the world which has in
turn led to loss of lives and property. In the course of transporting crude oil to refinery stations,
cases of oil spillages into oceans and other water bodies occur. The result is water pollution as well
as death of ... Show more content on Helpwriting.net ...
Mitchell, 98).
Oil companies operate in defined regions where oil exploration and possible drilling is done.
However some companies such as Shell BP engage in international drilling and distribution of oil
products. Below are some of the most renowned oil companies in their constituent continents:
Africa: Sasol of South of South Africa and National Petroleum Company of Congo. In Asia some of
the leading oil companies include Nobel Group and the Bahrain Oil Company. It is important to note
that Asia has a lot of oil resources and hence have extensive oil drilling activities. In Europe we
have Partex oil and Gas Company, in South America three is Bridas Corporation based in Argentina.
North America has one of the most advanced technology in the oil industry. These companies have
extended their activities around the globe in a bid to discover more oil resources to sustain future
energy requirements. Some North America companies include Shell Oil Company and the Apache
Corporation. This paper will focus on the importance of oil companies over and above the problems
that they pose to the environment as well as the political stability of the world. For practical
examples I chose to use the state of Alaska where oil companies have based their operations as a
case study.
Role of Oil Companies in an Economy
(a) Powering Industrial Activities
Oil companies form the petroleum industry
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The Economic Powers Of The United States
China is one of the strongest and fastest growing countries in the world. It currently tops the United
States when it comes to reserves, economy and the job market. But a few positive points doesn't take
away from the fact that that United states currently exists as the world's one and only superpower.
Their stabilities don't amass to the distribution of wealth, political and corporal power that the U.S
wields. There is no other nation that comes close to being recognized as hegemony. Looking through
history, economic powers and impact of nuclear weapons it is hard to imagine such war ever
occurring. Experts have attempted to understand and determine if a war of this measure is possible.
In my opinion war is simply not in the best interest of both nations. China and The United states rely
on each other for their economy, trade, and as allies. If all factual evidence is accurate, that leads me
to believe that they work best together. Thucydides trap is a metaphor that is meant to remind us of
the power struggle within the international realm. The "rising power rivals the ruling power, just as
Athens did to Sparta in Ancient Greece; similarly to how Germany did to Britain almost about a
century ago" (Allison). Thucydides' is a good analogy as to the possibility and predictable path for
the United States and China. In the article, The Thucydides Trap: Are the U.S. and China Headed for
War? Graham T. Allison makes the argument that suggests the inevitable warfare that the
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Economic Depression and Hitler's Rise to Power Essay
Economics Depression and Hitler's Rise to Power
The economic depression 1923 & 1929, contributed to Hitler's rise to power in many ways.
The first thing that led to the economic crisis was when the German economy collapsed, as a result
of the depression and low employment. This was a result of the Treaty of Versailles that forced
Germany to pay reparations to the allies. The German people protested that it was an intolerable
strain on the economy, but the German government ignored it. The German government did their
best to play for time and to negotiate concessions from the allies, but because the French were quite
impatient and also had to pay war debts to the USA they wanted there ... Show more content on
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Eventually a new right wing prime minister called Stressman came into power and called off passive
resistance in the Rhur. People then started to work again and Stressman brought in a new currency.
Things were looking a bit better than before.
In this situation Hitler's ideas were becoming relevant to the times, because the German people were
unemployed and in a depression, they were venerable to Hitler and his strong power. The German
nation was scared and apprehensive about the future of their country. The League of Nations then
tried to help by making their whole society a safe place where wars were only things of the past. The
League held a disarmament conference, but like most things the League did it was a failure, which
people were not satisfied with. This was a good time for Hitler to make his move, because of the
current state Germany was in. Hitler rose to power. The people needed someone to turn to for help,
who was strong and could be heard and Hitler was there.
During the economic crisis Hitler used his oratory skills to help him gain power. Hitler's personality
and leadership was better than any other of Germans previous chancellors, he was able to mesmerize
people.
In many of Hitler's speeches he stated how he disliked the treaty of Versailles and wanted to abolish
its terms. Hitler made such a big deal of this, so that the German people also
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The Economic Power Of The Super Bowl
To connect to the economic power that generates through the Super Bowl one must understand the
historical pattern of revenue, ticket cost, and attendance the game exhibits in the week leading up to
the actual showdown. The ticket prices of the Super Bowl are the main catalyst into understanding
what every consumer is willing to spend and how much revenue the game brings to that city. In
1967, the first Super Bowl tickets were no higher than 12 dollars and the average price of a home
was less than 25,000 dollars (Smith, 2012). In 2016, the average ticket price was 1,325 dollars
making a big ascendance from 1967 (Depietro, 2017). Therefore, this also shows how the game has
become more popular since it has come into existence and ticket prices
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The Age Of Exploration And Its Effects On Economic And...
Summative
As European economy grew, and became more reliant on a cash system, replacing the land–based
system of feudalism. The power shift is prominent, shifting from the lords and nobles to the
merchants of the middle class. The Age of Exploration has provided a framework for economic life
around the world for several centuries while also shaping politics, social relations, cultures, and
natural environments, changing the very nature of society. Of course the most important aspect of
this modernistic convention would most certainly be the newfound relation between, capitalism and
globalization and their effects on economic and political power. However some countries succeeded
in their endeavour of international trade, while others did not. Europeans constructed and
maintained their trade and territorial empires, whether through conquest, centralizing authority,
religious conversion, commercial monopolies, or through conflict with other Europeans. Economics
seems to be the most significant factor in the production line of human progress. There has been no
event in history that did not involve an aspect of economy. The basis of commerce in the Age of
Exploration, led to growth of international trade that would eventually lead to the Industrial
revolution. This foundation is heavily reliant on European powers enforcing economic trade around
merchant capitalism and the existing monarchy monopolism ideologies.Trade within Europe would
continue to facilitate economic growth
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Wealth-Power Related Economic and Socialist Theories
The different theories of political economy had attempted to explain international political economy
through formulating a clear relation between the interaction of wealth and power. Is political power
more significant on the international level for the stability of the state compared to economic
development? How does power and wealth shape the society, and as a result shape the international
sphere? The questions regarding the relationship between power and wealth are, in my opinion, the
most important questions, not only in the sphere of international political economy, but also in the
social sciences sphere as a large. It significance comes from it's essential role in determining the
structure of the society and the nature of every ... Show more content on Helpwriting.net ...
Historical Realism on the other hand takes into consideration the historical development at that
moment, the moment of development. Scholars of historical Realism still see the state as an agent
that attempts to farther its self–interest; however, they also are interested in the historical factors,
which affect the state decision in pursuing its goals in relations to other states. Thus, we can see that
the realist prospective emphasizes the role of the state as the supreme power, ignoring the role of
other actors, such as international organizations and multinational corporations. By that logic, states
seek to gain power; wealth is a tool to gain that power, it is not an end by itself; and economic
interest will change with the change of the position of the state within the international sphere. One
must ask then, in a globalized world, where economic actors have significant power as much as
political actors, can we still consider the state as the most important player in the international
sphere? Mercantilism, as I see it, is the other side of the coin in relation to realism. Mercantilists
emphasize the importance of economic protectionism for the national industries, especially for
manufactured goods, through high tariffs. This theory, as in realism, point out the importance of
maintaining national interest above all; however, economic
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"No Sugar"--- Replacement of the In-Class Presentation Essay
Jack Davis' No Sugar, first performed in 1985, is a post–colonial realist work written in protest of
the 1988 Bicentenary celebrations. In this broadly applicable play, Davis highlights the
discrimination against Aborigines between 1929 and 1934 and particularly its justification under the
government policy of `protectionism'. Focusing on the experiences of the Millimurra family, No
Sugar underscores the view of Aborigines as uncivilized, the attempt to assimilate them to white
culture through Aboriginal reserves such as the Moore River Settlement, and the resilience and
determination of Aborigines faced with almost complete disempowerment. A fundamental concern
of No Sugar is the notion of the definition of power along racial lines. This ... Show more content on
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Further, the exploitation of Aborigines for slave labor whilst they are being `protected' in Moore
River is highlighted when Joe returns from prison with gifts and comments that he `earned a view
bob and they gave it to [him] when [he] got out. Not like this place'. Here, it is seen that it is the
prerogative of Whites to decide when monetary reward for labor is received by Aborigines. In 1985,
an Aboriginal audience would have viewed this as a notable example of disempowerment. Existence
in a 1980's growingly capitalist Australia dictated that economic self–sufficiency was of vast
importance. Whilst Aboriginal employment was still less that of the White majority, labor had equal
value. In the approach to Australia's bicentenary, an Aboriginal audience would have seen the
recognition of this disempowerment as imperative, and moreover, would have gained a measure of
empowerment from the focus on injustices of the past. A contemporary Aboriginal audience would
be more aware of a measure of stagnation in the economic circumstances of Aborigines, still reliant
on government `hand–outs' to an extent. Both original and contemporary White audiences of No
Sugar would have probably been shocked by the strict and discriminatory economic restrictions
imposed on Aborigines. However, some
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Under The Feet Of Jesus By Helena Maria Viramontes
The Power of Ethnicity How do we define power in our society? Do you we look at those with
money or those who acquire many things? According to Michael Parenti the structure of whether or
not someone is defined in the sense of powerful or powerlessness relies on their social class and
ethnicity. In the novella Under the Feet of Jesus by Helena Maria Viramontes, we see the
development of power through the main character Estrella.It is clear that although Estrella's
background as a powerless migrant worker struggling to support her family financially she shifts
into a powerful role as an empowered young latina woman. The novella tells the story of a young
migrant worker who is faced the the responsibility to help care for her family not only financially
but in a manner of leadership as well. Throughout the story the character of Estrella changes
drastically from a timid outcast to an outspoken leader. In the beginning Estrella is portrayed as a
quiet young woman who is defined as an outsider. When looking at the character of Estrella she is
characterized in the category as powerless. One reason that we can attribute Estrella's state of power
is her socio–economic circumstances. Coming from a family of five, Estrella assumes the role as the
oldest daughter as well as second mother due to her father's recent abandonment on the family. It is
because of this abandonment that Estrella resents her mother's older boyfriend Perfecto, who in
return has gotten her mother pregnant.
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Economic Impact Of The Clean Power Plan
This paper explores the economic impact the Clean Power Plan, as proposed by President Obama,
would have on the coal industry and on society as a whole. The plan, also known as the CPP, has a
goal of reducing carbon dioxide emissions by the year 2030. Many proponents of the coal industry
claim that the CPP would harm the United States economy with little positive impact on the
environment. The White House, other government agencies, scholarly organizations, and
organizations regarding the protection of human health and the environment dispute these claims,
stating that the CPP would actually lead to a net increase in employment, increased air quality, and
an overall healthier society, all while promoting the renewable energy sector. After analyzing the
data from both sides, it was determined in this paper that the overall benefits of the Clean Power
Plan outweigh the costs, therefore the plan should go forward as planned.
Introduction
On August 3, 2015, President Obama announced new carbon pollution standards for power plants
under the Clean Power Plan (CPP).[1] The purpose of the plan was to decrease carbon dioxide
(CO2) emissions to promote better air quality. This plan will impact not only coal fired power plants
and the coal industry, but also individuals who live around them and the greater populous. This
paper seeks to answer if such a plan should go forward and the impacts of such a plan on the parties
listed above. To answer this question, this paper will look
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A Comprehensive Assessment Of Economic Inequality And...
Martin Gilens provides a comprehensive assessment of the economic inequality and political power
in America. He explores on how the affluence of politicians influences the political setting of the
country. According to the author, political equality is considered as the philosophy of democracy.
Due to the inequalities that exist among the citizens regarding information, social and political
affairs, it would be impractical to anticipate equal influence over policy making. Nature and the
degree of representative inequalities depict the extent of democracy in a particular society. The
author points out that when the inequalities in the political influence intensify, democracy shifts into
oligarchy, whereby the wealthy few rule the society. ... Show more content on Helpwriting.net ...
The article pinpoints the fact that it is difficult to disentangle the personal preferences of the
Congressional members from influences that could affect their behaviors in decision–making. There
is no reliable technique of measuring the personal preferences of the representatives that are
unaffected by the demands presented by their constituents. Various scholars who have analyzed this
scenario have made efforts to assess the roles that are played by individual preferences through
identifying some individual characteristics that are related to the interests and preferences of the
representative. For instance, the personal wealth of the member might be linked with their economic
policy preferences, and the use of tobacco by the member may be linked to their tobacco legislation
preferences.
Gilens also carried research on the professional histories of the representatives before their entrance
to the Congress. Unlike the previous assessment that the author had carried out about the economic
status, he found out that the histories of the members are related to their Congressional voting
records. Gilens also finds significant differences between the representatives and most of the
conformist professions. The author attributes the differences to the types of districts or the states that
the authors were elected from instead of any independent influence of their professional
backgrounds. The article is further supplemented by
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The World 's Foremost Economic And Military Power
The USA is the world 's foremost economic and military power, with global interests and an
unmatched global reach.
America 's gross domestic product accounts for close to a quarter of the world total, and its military
budget is reckoned to be almost as much as the rest of the world 's defence spending put together.
The country is also a major source of entertainment: American TV, Hollywood films, jazz, blues,
rock and rap music are primary ingredients in global popular culture.
The United States originated in a revolution which separated it from the British Crown. The
constitution, drafted in 1787, established a federal system with a division of powers which has
remained unchanged in form since its inception.
Jump media playerMedia player helpOut of media player. Press enter to return or tab to continue.
The US contains a highly diverse population, the product of numerous and sustained waves of
immigration. Ethnic and racial diversity – the "melting pot" – is celebrated as a core element of the
American ideology.
The 1964 Civil Rights Act outlawed racial and other discrimination, but race continues to be a live
issue.
The election of Barack Obama as the country 's first African–American president in November 2008
marked a defining moment in the country 's chequered history of race relations.
Freedom and prosperity
The original people of north America, who made up several distinct groups of native Americans,
went into decline with the arrival of settlers and now constitute a
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Economic and Political Issues that Helped Hitler Rise to...
In the following investigation, the following question will be addressed: In what ways did economic
and political issues in Germany between 1922 and 1932 contribute to Hitler's rise to power? The
scope of my research will fall between the years of 1922–1932, the start of Hitler's attempt to run for
office. A variety of primary and secondary sources will be used to answer the question. The
bitterness caused upon the change of government systems in Germany will be analyzed, along with
his childhood that all primarily drove Hitler to run for power. Then, the harsh effects World War I
had on Germany along with the Great Depression that followed as a result will also be looked at.
Finally, a conclusion will be reached. ... Show more content on Helpwriting.net ...
On the other hand, if this were to have existed in a dictatorship, one would merely get used to how
something went because that was how life would be from now on if there was a dictator present.
With all the mess and distress already present, the body of laws present in a democracy is much
slower to be established, while it usually took much less time with a dictator. Rather than one person
having to agree on a law or come up with one, a democracy requires the whole body instead to ratify
or accept it. This is due to the fact that your own personal needs must be given up in a dictatorship,
while they are respected and valued on the other hand in a democracy. Therefore, seeing from all
these changes, the alteration in government that the German government faced must have produced
overwhelming challenges for Germany as a whole. They must completely abandon the norm for
them and accustom themselves once again to a new way of life. Not only will these bring upon
conflicts within the human population, but in all aspects including political, social, and economic
qualities. In specificity to all these problems, it was many problems that accumulated and grew
through time that presented a chance for Hitler to rise to power. Adolf Hitler was not only a strong
and powerful leader that could have rose to power completely on his own, yet many of the
inhabitants in Germany was tired of everything and needed a changed
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Rise of China as an Economic Power
PROJECT REPORT ON:
RISE
OF
CHINA
AS
AN ECONOMIC POWER
Submitted to Submitted by:
Mrs. Navjot Kaur Arpandeep Kaur MBA– 1C Roll no: 5218 table of contents * Introduction about
china * Economic history of china * Republic of china ( 1911– 1949) * People's Republic of China
(1949 onwards) * From planned economy to free market powerhouse: The post – Mao era ( 1976
onwards ) * World's second largest economy * Brief overview of china's present economy * China
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Foreign imports fell drastically from 1919–1921 and from 1925 to 1927.
Chinese industries continue to develop in the 1930s with the advent of the Nanking decade in the
1930s, when Chiang Kai–shek unified most of the country and brought political stability. China's
industries developed and grew from 1927 to 1931. Though badly hit by the Great Depression from
1931 to 1935 and Japan's occupation of Manchuria in 1931, industrial output recovered by 1936. By
1936, industrial output had recovered and surpassed its previous peak in 1931 prior to the Great
Depression's effects on China. This is best shown by the trends in Chinese GDP. In 1932, China's
GDP peaked at 28.8 billion, before falling to 21.3 billion by 1934 and recovering to 23.7 billion by
1935. * The rural economy of the Republic of China
The rural economy retained much of the characteristics of the Late Qing. While markets had been
forming since the Song and Ming dynasties, Chinese agriculture by the Republic of China was
almost completely geared towards producing cash crops for foreign consumption, and was thus
subject to the say of the international markets. Key exports included glue, tea, silk, sugar cane,
tobacco, cotton, corn and peanuts.
The rural economy was hit hard by the Great Depression of the 1930s, in which an overproduction
of agricultural goods lead to massive falling prices for China as well as an increase in foreign
imports (as agricultural goods produced in
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Power And Decision Making In American Policies
Luisana Zambrano
Final Paper It is ambiguous to identify power with an absolute definition. When we talk about
power in the political spectrum, it can be considered as the ability of a person or a group of people
to rule over something and define specific policies that would affect the majority. However, we also
have to consider who put those people in power, in this case, the general population. At this point,
we are defining power as the ability of a massive group of individuals to choose who they want to
represent them. Given those two variants in the definition of power, we can infer that it is a constant
movement between the ruler and the followers. Beginning from the electoral aspect, if we analyze
who the power actors are, at ... Show more content on Helpwriting.net ...
First, it is necessary to accept, for the society in general, that there is an issue of inequality, and that
even, though Americans share the same nationality and territory, the reality of each part can be
completely different. Second, for the population in general, it is necessary to start recognizing the
necessities and interests of each part, so it could be possible to compromise. And, third, the
adaptability on a specific period. The new idea of consolidation of power in the United States is
based on the principle of consumerism and the acquisition of power by an established economic
position. It is necessary for the people in power to understand that the American Dream cannot be
achieved without the help of the system. After compromising for the development of the society in
general, the idea of achievable power could be available to all Americans. The develop of a
collective identity will be only attainable by the promotion of equality among the whole society and
the elimination of extreme
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India Super Growing Economic Power
India super growing economic power
Submitted by: MUHAMMED FAZAL K
Preface
India is a new emerging economic power in the world. Though the 21st first decade saw a global
level financial crisis, India didn't wilt under its pressure due to it's the Government's progressive
policies and full–fledged reforms. Particularly, nationalization and liberalisation were the real
saviors of India from the recession. Also, the national sectors and global raid helped to maintain the
economy in proper way.
Introduction
India is an exponentially growing economic powering the world. Indian economy stands today as
one of the influential and attractive economy. The liberalization move by the Government of India in
1990s has given a boost to the Indian ... Show more content on Helpwriting.net ...
Both imports and exports have taken a leap of 20% on an average. In July 1991 with the
announcement of sweeping liberalization dismantled import controls, lowered customs duties, and
devalued the currency... virtually abolished licensing controls on private investment, dropped tax
rates, and broke public sector monopolies.
Yet the aggregate growth data tells us that the acceleration of economic growth began earlier, in the
early or mid–1980s, long before the exchange crisis of 1991 and the shift of the government of
Narasimha Rao and Manmohan Singh toward neoliberal economic reforms. To the extent that we
trust aggregate national–level income accounts, it is clear that by 1985 Indian aggregate economic
growth had undergone a structural break.
Roles of Sectors Indian Sector analysis
Industry and service
Economic reforms brought foreign competition, led to privatization of certain public sector
industries, opened up sectors hitherto reserved for the public sector and led to the expansion India
the production of burgeoning consumer goods. The share of India's IT industry to the country's GDP
increased from 4.8% India 2005–06 to 7% in 2008.in 2009 7 Indian firms were listed among the top
15 technology outsourcing companies India the world. Mining also is a major segment of Indian
economy as it producing 79 different minerals India 2009–10.
Agriculture
As for worldwide farm output, India ranks
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China 's Economic Power On A Global Scale
China has established itself as an economic power on a global scale. A national transition in
industry, finance and technology has placed china at the top of the list as an appealing global trade
partner. Chinese Manufacturing has led the way to a boom in exports and recognition for the
Chinese workforce as a world leader in cost effective manufacturing. A shift in work force has
provided inexpensive labor, paired with a strong economy China has also positioned itself among
the top world leaders for global exports. China went from an under–developed country to emerge as
a leading world economy among economic powerhouses like the United States and the European
Union.
Americas insatiable demand for cheap goods has caused an increased gap in the annual U.S. trade
deficit over recent years. The U.S. trade deficit with China was an astronomical $365.7 billion in
2015. The United States imports consumer electronics, clothing and industrial machinery from
China. Many of the imports are from U.S. based corporations that send components to China for less
expensive assembly. After assembly the products are shipped back to the U.S market for retail sale.
Although the profits are attributed to American–owned companies which are ultimately domestic
entities the merchandise is classified as an import by law. The growing trade deficit with China is a
hot topic in American politics. Legislators often try to impose tariffs or other forms of trade
protectionism against China to support
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How Do Elites Gain Power
Elites are people who get more of society's valuables, such as wealth and respect (Wasserman, pg.
4). Power is "the ability to influence another's behavior" (Wasserman, pg. 3). It can be through
rewards, coercion, or persuasion. Legitimate power is power that is "accepted as right" (Wasserman,
pg. 4) or chose by using an agreed upon procedure (Wasserman, pg. 5), or authority deserving
obedience (Wasserman, pg. 5). Elites gain authority and authority gains power. People feel they
should follow authority. This power and authority control politics. If elites are expected to get the
most and are the ones who gain authority, etc., then the problem of economic inequality will affect
the U.S. by lowering the number of people with legitimate power.
... Get more on HelpWriting.net ...
Analysis Of Mahan's Advocacy For Sea Power Against...
In many scholarly and military circles, the writings of Mahan and Mackinder are often portrayed as
two purist theories opposing one another. Scholars pit Mahan's advocacy for sea power against
Mackinder's insights into the benefits of land power and soon the real genius of both is lost. (For
examples, see Dodds and Sidaway 292, 2004 and Colls 238–239, 2002 as cited in Dodds and
Sidaway 293, 2004 and Holmes and Yoshihara 25, 2005). In truth, in almost every respect, Mahan's
and Mackinder's views are complementary. While Mahan does emphasize the importance of sea
power to a nation's economic prosperity and security, his passionate insight is a far cry from any
assertion against the importance of land power. Conversely, Mackinder's insights focus quite
extensively on the potential for a country to develop a powerful land force on the core of the
Eurasian landmass, but again we see throughout his writing the underlying assumption of the
importance of sea power. Both men agreed on so many salient points that it is far better to read their
works as a whole and thereby glean the collective wisdom of their perspectives, than to analyze
them separately as two opposing schools of thought. In this way, one can see that their
complementary insights are greater than the sum of their individual works. There are a few scholars
that recognize this unfortunate trend of depicting a false land power vs. sea power debate. Jon
Sumida is one who acknowledges that the Mahan texts are often
... Get more on HelpWriting.net ...
The Relationship Between Economic Globalization And Labor...
The relationship between economic globalization and labor market power provides empirical trends
in world average and the world equality through structural bargaining power and associated power,
thereby allowing workers to achieve convergence across nations (Mahutga). What labor market
power does for economic globalization is that it increases the probability of labor internationalism
through two models, namely, the structural model and the institutional model. Beverly Sliver,
Tamara Kay, Nita Rudra, and Matthew Mahutga provide different theories and data, breaking down
the trends of labor power and labor movement on a global scale.
The labor movement began during the industrial revolution and exists because of worker–employer
relationships and working conditions, thus providing the landscape for labor power (Mahutga).
Labor power can be broken down into associational power and structural bargaining power.
Mahutga's Lecture on Globalization and Labor builds on Beverly Sliver 's argument on the Forces of
Labor and Tamara Kay 's argument on Labor Transnationalism and Global Governance about what
Labor market power and Labor Transnationalism mean as regards labor on a global scale (Mahutga,
Kay). Is it creating better standards for the working and living conditions of workers? Associational
power results in collective workers ' ability to unionize and organize to present one opposing voice.
Structural bargaining power results from the workers ' place in the economic system,
... Get more on HelpWriting.net ...
Economic Effects Of Imperialism And The Struggle For...
The struggle for economic power has modified the world. During the 1600s through the 1800s, the
struggle for economic power globally has created many problems Socially, politically, the
interactions, culturally, and economically. Throughout the centuries, countries have fought each
other over power, leverage, wealth and influence. Imperialism is one of the results due to the
struggle for economic power. This essay will inform about the effects of Imperialism and the
struggle for economic power.
Throughout time, countries, places and towns, have been changing and updating their plans. They
have updated technology, created religions and developed different ways to govern. For example,
Industrialization, (" Being the development of industries
... Get more on HelpWriting.net ...
Essay Case 11-3
Case 11–3
Master of the Universe
TABLE OF CONTENTS
Statement of facts...................................................... 3 Question
1.............................................................. 5 Solution........................................................ 5 Question
2.................................................................... 6 Solution........................................................ 6
Question 3.............................................................. 7 Alternatives................................................... 7
Solution........................................................ 8
STATEMENT OF FACTS Saturn and Venus, form Jupiter, a joint venture. Saturn owns 51 percent
of Jupiter and Venus owns 49 percent of Jupiter. The purpose of Jupiter is to own and operate
organic clothing design and manufacturing facilities and sell organic ... Show more content on
Helpwriting.net ...
Equity interests with or without voting rights are considered variable interests if the legal entity is a
VIE and to the extent that the investment is at risk..." Also, ASC 810–10–55–19 states as a general
rule, assets and operations of an entity create its variability, meanwhile its liabilities and equity
interest absorb the variability. It also states that the variable interest absorb or receive the expected
variability created by those assets, liabilities, or contracts of a VIE that are not variable interests.
Because Saturn Inc. and Venus Inc. have investments in the residual interest and debt securities of
Jupiter, both companies are variable interest holders of Jupiter.
QUESTION NUMBER 3
Who, if anyone, is the primary beneficiary and why?
ALTERNATIVES
Alternative 1 – Venus is the primary beneficiary of Jupiter.
The distribution of clothing and decisions related to distribution could be the most significant impact
on the economic performance of Jupiter. Venus has the obligation to absorb losses of Jupiter or the
right to receive benefits from Jupiter and has the power to direct distributing activities of Jupiter that
could affect significantly Jupiter's economic performance.
Alternative 2 – Saturn is the primary beneficiary of Jupiter.
Saturn has the power to direct operating
... Get more on HelpWriting.net ...
The Importance of the Economic Factors in the Rise to...
The Importance of the Economic Factors in the Rise to Power of the Fascist Party in Italy
Fascism came on the heels of a war that economically and physically crippled Italy. In an attempt to
regain control, Italian general and dictator, Benito Mussolini created a political party that rivalled
the Socialist party. Fascism was an extremely harsh dictatorship type of power that left many people
a victim of its cruelty. This essay will explore whether the rise of fascism was due to the economic
breakdown in the country at that time, or was that fascism was simply so popular at that time that
nothing would have stopped it? Was it the threat of bolshevism driving people towards fascism in an
attempt to be ... Show more content on Helpwriting.net ...
The problem of unemployment was aggravated by the return of millions of ex–soldiers to Italy and a
new immigration law of the U.S. government, which restricted entry of immigrants. Moreover,
runaway inflation added to the sufferings of the Italians. The lira had only one–fifth of its pre–war
value. Encouraged by the success of the Bolshevik Revolution in 1917, the unemployed workers and
peasants stirred up riots and strikes throughout the country. At that time the government was
incompetent. It failed to take control of the conditions in the country. Gradually the nationalists
grouped together to emerge as the fascist party. According to Ketelby, author of the book 'History of
modern time Europe,'
" It was the urgent need of a strong unifying force that formed the background for the rise of fascism
in Italy."
These political crises may have pushed the leaders of Italy into supporting fascism. The people were
restless they wished for an effective government. Many were turning to socialism, others to fascism.
The King and aristocracy may not have supported fascism but seen it as the lesser evil compared to
the 'red menace.' Economic factors such as the high unemployment figures and the inflation pushed
the people away from the weak government and
... Get more on HelpWriting.net ...
Behavioral Economics: The Power Of Nudges By Dr. Thaler
Behavioral economics is "a method of economic analysis that applies psychological insights into
human behavior to explain economic decision–making" according to the Google dictionary. This
type of economics concludes that people behave irrationally in certain ways. People are neither
entirely rational nor entirely irrational, rather their behavior shows a combination of the two.
Contrarily, traditional economics assumes that people will make entirely rational decisions, which
allows economists to simplify behavior into a model. Juxtaposing the assumption, the coffee mug
experiment showed that people behave irrationally in certain cases. In this experiment Dr. Thaler
handed coffee mugs to only half of a class. The half who received a mug viewed it as more valuable
while those who had no mug thought the mugs were less valuable. The experiment showed the
"endowment effect," the idea that people place a higher value on their own possessions. In
conclusion, behavioral economics show the true actions of people rather than a general overview of
how society should behave. ... Show more content on Helpwriting.net ...
Dr. Thaler gives three aspects for a good nudge: truthful, avoidable, and good for the consumer.
Continuing to explain the difference between a good and bad nudge, he recalls three personal
dealings with bad nudges. He also encourages people to examine the fine print before buying the
product because the details identify whether the nudge is good or bad. In the end, the Nobel Peace
Prize winner calls for peer–help, meaning consumers aiding each other, to avoid bad nudges and
discourage the generation of
... Get more on HelpWriting.net ...
The Impact of the Growing Economic Power of China
The Impact of the Growing Economic Power of China
China is the second largest economy in the world after the US. This is measured by both nominal
GDP ($4.99 trillion), and by purchasing power ($8.77 trillion). The Peoples Republic of China, as it
is officially called, is the world's fastest growing major economy in the world with an average
growth rate of 10% for the past 30 years. China is also the second largest trading nation in the world
as well as being the largest exporter and second largest importer of goods.
China has the largest population in the world with approximately 1,338,612,968 inhabitants. With
more than 70% of the population being 'economically active' i.e. at a working age (15–64) this, as
well as having a large ... Show more content on Helpwriting.net ...
The amount of employment both nationally and internationally have had a mass affect on
consumption and spending throughout the global economy from importing cars to exporting shoes.
This helps stimulate the multiplier affect again, mentioned earlier.
China's foreign reserves are on the increase as well since the year 2002. In 2007, it has the world's
greatest amount of foreign reserves amounting up to $1528 billion US dollars, exceeding the next
largest holder, Japan. Official sources elaborate that US dollar holdings comprise of 60% of the
reserves. This means that the US has a very large chunk of it reserves and therefore would not want
China to declare itself bust any time soon. By 2050, it is also estimated that China will overtake the
US and become the largest economy on the planet and will therefore be the largest superpower
along with
... Get more on HelpWriting.net ...
China 's Economic And Military Power
China is an important country for both the United Sates (US) and Asia to be mindful of. China's
economic strength, cyber capabilities, and intelligence capabilities make it a country of great
significance to the US. China's economic and military power makes it a key player in Asia.
Significance to the US Many years of strong economic growth and smart exporting strategies has
allowed China to come close to surpassing the U.S. economy. China is currently in its 13th Five–
Year–Plan, which is China's economic guideline. In this five–year plan, which covers 2016–2020,
China intends to focus on innovation and encourage foreign investment (The 13th, n.d). China's
focus on innovation will challenge U.S. manufacturers attempting to do the same. Should China
enact policies more open to outside investment, it will likely allow the U.S. to strengthen US–China
relations and improve its economic stance through foreign investment in China. When the economic
bubble burst in 2008, it affected the U.S. economy. The US went through a recession and struggled
to find growth again for several years. China suffered few impacts and its economy continued to
grow steadily until recently. China owns approximately $1.3 trillion of the US's debt. It is the largest
foreign owner of U.S. debt. (Long, 2016). If China's economy were to falter and it wanted to cash in
on that debt, it could cause grave economic consequences for the US. China owning a significant
portion of U.S. debt allows China to subtly
... Get more on HelpWriting.net ...
Emergence of China as the Leading Economic Power
The article chosen is an informative demonstration of how China has emerged as a leading
economic power. In just a few short years China has managed to position itself as a manufacturing
leader in many of the industries that are most heavily needed by the other nations throughout the
world. How China has done this is a remarkable story and provides a compelling reason for
choosing an article about their success as a topic for this paper. The article not only highlights
China's success but also provides insight into how China is becoming a partner in the world
economy much like the United States did in the 50s and 60s and how readily the rest of the world is
accepting China's participation. China is utilizing its position as an emerging nation and the
availability of inexpensive labor to leverage itself against other competitors. As an example, for
several decades the Japanese high speed train industry has been the standard for excellence. China,
however, has openly established itself as a viable alternative and is not only actively building its
own high speed train system connecting all the major Chinese cities they are also aggressively
pursuing business with other nations throughout the world, including the United States, who are
considering the building of a high speed train system. In doing so, China is demonstrating ingenuity
and imagination by demonstrating to American decision makers its willingness to consider a variety
of options not only in the manufacturing
... Get more on HelpWriting.net ...
How Mergers Affect The Economic And Financial Power Of...
Mergers have become a main aspect within the market economies, resulting in consequences that are
potentially conflicting due to the stiff competition among different businesses (Richard & Yekini,
2014, p. 54). The conventional economic theory suggests that mergers are likely to raise the level of
monopoly, hence leading to reduced competition and lower economic efficiency. The truth is that
they can boost the effective level of competition within the monopolistic environment where size is
an important factor. This means that in the case of markets that have a small number of large
producers that are involved in competition, mergers can play a vital role in increasing the economic
and financial power of smaller firms. This enables the small firms to compete favourably with the
larger ones. Therefore, mergers are able to produce a countervailing force to fight the leading firms,
putting more pressure on them, and making them look for other ways to constantly make
improvements in their efficiency. This is similar to the way many small businesses behave as a result
of competition in highly competitive markets. This paper elaborates the reasons that motivate firms
to take over or merge with other firms and the effects of this, both to the employees and the firms
involved (Su & Wells, 2014, p.46). This will be established by examination of specific recent
acquisition or merger cases within EU member countries, putting into consideration a number of
these aspects. The major driver
... Get more on HelpWriting.net ...
Revolution : The Economic Power Over The American Revolution
The Economic Power over the American Revolution Do our finances have the power to change how
we treat each other? Due to the British taxation of paper, tea and others the colonists started to rebel
and began a revolution. The American Revolution started in April of 1775 which was also known as
the War of independence of America from Britain. When British troops and American colonists
stood face to face at Lexington and Concord and the shot heard around the world went off. France
soon joined in in 1778 to help the colonists, which turned the problem from a civil war to an
international conflict, but they helped the colonists gain their freedom when the British surrendered
at (1781) Yorktown even though the fighting didn't stop until 1783. The Revolutionary War started
because Britain started to harshly tax their citizens to pay off their war debt of the French and Indian
war. This essay will continue to prove that the American Revolutionary was mainly driven by
economics with a hint of ideology as well. The economic policies of the British drove the American
colonies to revolution. The Stamp Act was the first tax the British placed on items that they forced
their colonists to pay. The stamp act "...imposed a tax on all paper documents in the colonies..."
(history.com) which forced the colonists to pay taxes on all their everyday items that included paper
like newspapers and even the stamps that they needed to put on these items to prove that they paid
taxes on it. Thankfully after the colonists resorted to mob violence to prove their point they repealed
the stamp act in 1766.There also was the Townshend act. The Townshend Act started in 1767 right
after the Stamp Act was repealed. This act not only taxed paper but also glass, lead, paints and, tea.
The colonists were furious when this act was brought about because they felt as if "...the taxation as
an abuse of power..." (history.com) and they were right to think that because it was. All this money
the colonists were being taxed was not going to anything relating their well being it was pay off the
war debt from the French and Indian War. They finally repealed the Townshend act in 1770
"...leading to a temporary truce between the two sides in the years
... Get more on HelpWriting.net ...
Jap A Economic Power
Japan, to this day, is a major economic power that has major influence on the rest of the world. It is
a nuclear state, and has a GDP of almost 5 trillion USD. Japan wasn't just like this and has gone
through a tremendous period of growth after World War II in 1945. Since then, its economy has
grown through its technological and manufacturing side. When the company was defeated in 1945,
it was in an economic ruin. Everything that came before was in shambles, but little did the country
know there was huge room for growth. (Ohno, 2006)
After Japan was defeated in 1945, Japan was under US occupation. During this time a recovery
strategy was put into place to work with the already in motion political and economic system. The
Japanese entered a period of rapid growth between the years 1950–1970. This growth completely
changed the economy and made Japan one of the best capitalistic economies of its time. Japan was a
major industrialized nation with many new companies coming into power. "This would of not been
possible without Subsidies, fukkin loans and US aid." (Ohno, 2006)The Japanese benifeted from the
war because of its close alliance with America and the fact of letting American troops station in
Japan.
War was actually an important factor of economic growth in Japan. Due to the fact of many factories
and companies being wiped during the war, investments were made to bring better equipment into
the factory so that efficiency was highly prioritized. Ohno puts it, "New
... Get more on HelpWriting.net ...
Class Power In America
In America a person or group who is consider to have power are those who produce own land, own
business and produce money to America and yet receives all the reources for example the class
power. Class power is known for its firm decision making to the middle class and none for the lower
class. There authority in which only want the best for themselves instead of multiplying wealth to
the lower class by controlling society unqueal contribution. Through the use of this power this group
are in control of resources an important help for the society agency in the most needed community. "
Unequal distribution of societal power is to a large extent responsible for poverty, hunger, the
destruction of nature, and inhuman living conditions. From the
... Get more on HelpWriting.net ...
China 's Economic, Military, And Political Power
Abstract China has always been a country talked about whether it's because of trade that the U.S.
and other countries are involved in or how much they have grown as a country. You usually hear a
story in the news about their growing power. China has become one of the top countries in the world
ranked as #2 right behind the United States with a GDP of $10.4 trillion U.S. dollars as of 2014 and
continues to rise. China has transformed itself to a manufacturing and exporting hub since they were
a centrally closed economy in the 70's and has grown over 7% in the past couple of years while
continuing to grow. What makes China's economy powerful? As you continue to read this research
paper you'll understand why and how China has grown with their economic, military, and political
power. I. Background Information On China With a population of over one billion, three hundred
and three million, seven hundred one thousand people (1,303,701,000) China continues to grow.
China's capital is Beijing but other major cities include Shanghai, Wuhan, Shenyang, Tianjin,
Guangzhou, Harbin, Chengdu, and Chongqing. China's typical climate is subarctic in the north and
tropical in the south. The fluent language spoken is Chinese and Mandarin. One important factor
that sets China on top is that their literacy rate is eighty–two percent and has a high amount of
people in the workforce at over six hundred ninety–nine million workers (699,000,000). Sixty
percent of the workers work in
... Get more on HelpWriting.net ...
Economic Power In Imperial China
Economic Power
One of the main reasons China has a boost in soft power mentioned in the previous paragraph, as
Joseph Nye said, is the significant rise of economic power, which is also one of the key elements of
the Chinese Dream. Considering the economic history of imperial China, there are several strong
points. Start from the earliest, the Han Dynasty (206 BC–AD 220), which has a massive
urbanization, huge population growth, stable currency and very importantly, the open up of Silk
Road. These allowed commercial activities developed in a rapid rate at that time, and enabled the
trade with Europe through the Silk Road. Han achieved a very high level of gross domestic product
at that time, which was roughly equals to $450 per capita in 1990's US dollar.
Move forward to the Tang Dynasty (618–907), another golden period of Chinese history, which has
recovered from the long period of wars, with the population surpassing the Han Dynasty. China
enjoyed a long peaceful period of economic development since the Emperor Taizong of Tang, one of
the greatest emperors in Chinese history. Taizong regulated the market, and more importantly the
taxation system; he set various standards of price and quality of certain goods, and left the market to
the people.
The Song Dynasty ... Show more content on Helpwriting.net ...
The urbanization is exactly what China is experiencing since several decades ago; stable currency
can be related to the efforts that the Chinese government put to stabilize and strengthen Yuan. Silk
Road and "Zheng He Xia Xiyang" both refer to global trade. The system and standards during Tang
Dynasty are very much alike the Chinese socialism today. The technology development during the
Song Dynasty matches with how the Chinese government value science and technology. These are
all elements that are included in Xi's Chinese Dream, which China wanted and tried to
... Get more on HelpWriting.net ...
India a Global Economic Super Power
INDIAA GLOBAL ECONOMIC SUPER POWER
New parts of the world that were not long ago considered undeveloped, backwater countries, are
now taking center stage in the global economy. Much has been publicized about the ascendance of
China's economy, as it has become a major venue for the manufacturing of products sought after by
worldwide consumers eager for cheaper goods. However, China's Asian neighbor, India, also has a
vigorously growing economy. India's economy is partly being fueled by companies around the world
seeking to reduce their costs by outsourcing some of their operations there.
A March 9, 2005 article in the International Herald Tribune reported that within 30 years, India is
projected to have the world's third largest economy ... Show more content on Helpwriting.net ...
Business Process Outsourcing, or BPO, involves more routine processing of data. Ravi Aron,
Professor of operations and information management at the University of Pennsylvania's Wharton
School, said examples of BPO involve more routine functions where there is a predefined way of
doing tasks or even reaching conclusions, as in data entry, accounts maintenance and customer
service activities such as those performed at call centers. BPOs typically provide such services as
setting up bank accounts, selling an insurance policy and voice and e–mail–based computer support.
Aggarwal said that a higher Level of service than BPO is called Knowledge Process Outsourcing or
KPO. KPO involves high–end processes such as investment research and Legal and insurance
claims processing. In a March 21, 2005 article in the Indiatimes News Network, Pavan Bagai, Vice
President, strategic businesses, EXL said, "Imagine unsorted data going through a black box and
coming out as useful information. In KPOs the black box is your mind. There is no predefined
process to reach a conclusion."
In either BPO or KPO, India often offers a huge cost savings potential over those functions being
performed by American workers in the U.S. Aron said that in credit card–related functions, the cost
of an American worker, including benefits and overhead, ranges
... Get more on HelpWriting.net ...

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The World Economic Power And Its Impact On The Economy

  • 1. The World Economic Power And Its Impact On The Economy In this book, Dobbs, Manyika, and Woetzel believe the world is almost constantly discontinued. Many long–held assumptions, long–term projections, and long–stand trends have been upended by disruptive technologies, trends, and developments. A completely different world is being formed by four main forces. The first force is the development of emerging markets and the growing urbanization within these markets (Cooper, 2015). The world economic power is moving to east and south. As an example, China is predicted to have most large companies located in rather than the United States or Europe by 2025. Equally important, economic activities are arising within these emerging markets. For instance, a Chinese city Tianjin, who had a same size GDP ... Show more content on Helpwriting.net ... The final power is the tighter global connection in capital, people, and information. The connection between the countries has already become an intricate web from a series of lines simply connecting core trading pivots of developed economies. The capital flows between emerging markets; the trades between developing areas and the people crossed borders have all experienced a sharp increase. Figure 1: Global connection has become a complex web (Neal, 2013). In the end, the authors give an optimistic summary forecasting that the world will become richer, healthier and more developed. The urbanization will be higher; the technology will also achieve a higher level. There will be more innovations for challenges, more products and services for new consumers and more opportunities for entrepreneurs. In their words, today is "an age of recurring miracles". According to the given information about the authors at the back of the book, they three are all scholars or doctors from Oxford, Stanford or the University of Southern California. Therefore, it can be believed that they have clear ideas of the content of their book. However, there is an important fact that the authors are all directors of McKinsey and of the McKinsey Global Institute. It is possible that they write the book for business purposes because MGI is a business institute which provides information to leaders in the commercial, public, and social ... Get more on HelpWriting.net ...
  • 2.
  • 3. Chin An Economic Power House Seemingly transformed overnight; China has become an economic power house. In truth, however, China has been growing now for more than 30 years. Since it's initiation of economic reforms and trade liberalization in 1979. China is one of, if not the fastest growing economy world–wide, averaging nearly 10% growth GDP (Growth Domestic Product). (Morrison, 2015) This financial revolution began with a series of reforms. One was designed to revitalize the state sector and save socialism, others began as more grass root initiatives that led to free market capitalism. (Wang, 2013). China began to change their investments from producing capital goods to producing more consumer goods. They allocated more money to agriculture, and the government raised pricing for the agricultural products and increased grain import. After a series of painful events China began to privatize farming. This led to the de–collectivization of agriculture (Wang, 2013) The de–collectivization of farming meant that the local townships and villages had to enter into the market and operate as if they were a real business. With no access to guaranteed raw materials from the state. They had to purchase those essential items from the black markets, generally at a higher price. They were also excluded from the state–controlled distribution systems, which is where they would have normally sold their products. This obstacle forced them to travel all over China to find markets for their goods. (Wang, 2013) By no ... Get more on HelpWriting.net ...
  • 4.
  • 5. Power System Economics, Power Flow, And Distributed Energy... 1.1 Overview The purpose of this chapter is to give a brief introduction about this work and to introduce various topics such as power system economics, power flow techniques, distributed energy resources, and transactive energy used in this work. Restructuring of power Market over the years and its current status in US is introduced first. Major government acts which paved way for deregulation in power market and the current status of deregulation is discussed. Next, existing power market structure and classification of energy market into Day Ahead Market and Real Time market is examined. This is followed by Locational Marginal Pricing (which is the pricing scheme used to charge customers), Economic Dispatch, Optimal Power Flow, and Distributed Energy Resources. Transactive Energy framework and various transactive energy markets which is still in the planning phase are reviewed next. The next section deals with historic review of economic dispatch, optimal power flow, LMP and Distributed Energy Resources. Finally, scope and contribution of this work is presented in next section. 1.1.1 Restructuring of Power Market In the mid part of the twentieth century, the cost of electricity kept on declining as utilities started to build larger power plants, with increased efficiency and reduced production costs. Increased electric demand required more and larger plants, which reduced costs further as well as increasing the utility rate base. Consumers had abundant, low cost power; ... Get more on HelpWriting.net ...
  • 6.
  • 7. The Reasons Of Non Compliance IV. The reasons of non–compliance Due to the fact, the board dismissed Steven Sewell from CEO because his characteristics are not suitable with the characteristics of new board. This reason is very subjective and unreasonable. This paper would not examine the unreasonable reason from the board of FDC as above, but will observe the fact that the removal of a director by the board is not the first time happened. There are some previous cases which are similar to the FDC case in which directors were dismissed by the board, such as in the case of Allied Mining & Processing Ltd v Boldbow Pty Ltd ("Allied v Boldbow"), Central Exchange Ltd v Rivkin Financial Services Ltd ("Central v Rivkin"), and Scottish & Colonial Ltd v Australian Power & Gas Co & Ltd ("Scottish v Australian Power"). In those three cases, the decision by the judges is considerably different. In Allied v Boldbow and Central v Rivkin, the judges state that Section 203D does not replace any other power of removal possessed by the company. Therefore, a company could regulate in their constitution to dismiss a director without the need for a vote of shareholders (in defined circumstances). Conversely, in Scottish v Australian Power, the judges emphasise that Section 203D is mandatory, and therefore, the process of removal a director must follow Section 203D. Due to those cases, it is clear that there are pro and contra about the dismissal of a director as stipulated in the Section 203D. One side argues that ... Get more on HelpWriting.net ...
  • 8.
  • 9. Distinguish Between Micro, Mecio And Macro Levels Of Practice Distinguish between micro, mezzo and macro levels of practice and provide an example for each. There are various differences between micro, mezzo and macro levels of practice. The micro level consists of a one on one session with the social worker to strengthen the client's coping skills and self–esteem. The micro is based on an individual level referring to the day–to–day setting inhabited by the person and people they live with. It focuses on the individual or family. Examples include finding housing for the individual, healthcare or substance abuse help. It expands as the person grows. An example would be drawing a diagram with the individual or family being the focus and everything outside of that circle would be affecting the family or individual in several ways. The focus is on the micro level because it pertains to either the individual or the family. The mezzo level is about the individual's surrounding environment. It pertains to neighborhoods, schools and other entities. It is about providing services for the neighborhood or community. For example, the focus may be on making schools aware of certain mental health services and helping them obtain them. The macro level is the organization, assumptions, myths, and ideologies of the larger world. The universe hosting the smaller systems. An example of this would be lobby days; individuals come together to advocate for a larger scale policy change. Once the change occurs, it will affect everything within that ... Get more on HelpWriting.net ...
  • 10.
  • 11. Oil Companies And Economic Power Argumentative Essay: Oil Companies and Economic Power Introduction In the modern world energy has become very important since it helps drive most industrial as well as home based activities. For more than a hundred years, oil has been used to provide to this vast energy requirements. Oil companies around the world have facilitated the exploration, drilling, refinery and distribution of oil in their defined regions. The industrial part that oil companies play can be considered to be much greater than the domestic role. Oil companies produce diesel, petroleum, liquid petroleum gas and other products which are used to drive industrial machines used in production of various commodities. By this virtue, oil companies become an integral part of an economy (Marcel, Valerie, and John V. Mitchell, 98). Oil companies operate in defined regions where oil exploration and possible drilling is done. However some companies such as Shell BP engage in international drilling and distribution of oil products. Below are some of the most renowned oil companies in their constituent continents: Africa: Sasol of South of South Africa and National Petroleum Company of Congo. In Asia some of the leading oil companies include Nobel Group and the Bahrain Oil Company. It is important to note that Asia has a lot of oil resources and hence have extensive oil drilling activities. In Europe we have Partex oil and Gas Company, in South America three is Bridas Corporation based in Argentina. North America ... Get more on HelpWriting.net ...
  • 12.
  • 13. Oil Companies And Economic Power Oil Companies and Economic Power Introduction In the modern world energy has become very important since it helps drive most industrial as well as home based activities. The process that leads to production of the world's largest energy provider, Oil, however has continued to receive criticism. This is so since production of Gasoline, Natural Gas, Kerosene as well as other components present in crude oil leads to some forms of environmental pollution. This has led to devastating climatic changes around the world which has in turn led to loss of lives and property. In the course of transporting crude oil to refinery stations, cases of oil spillages into oceans and other water bodies occur. The result is water pollution as well as death of ... Show more content on Helpwriting.net ... Mitchell, 98). Oil companies operate in defined regions where oil exploration and possible drilling is done. However some companies such as Shell BP engage in international drilling and distribution of oil products. Below are some of the most renowned oil companies in their constituent continents: Africa: Sasol of South of South Africa and National Petroleum Company of Congo. In Asia some of the leading oil companies include Nobel Group and the Bahrain Oil Company. It is important to note that Asia has a lot of oil resources and hence have extensive oil drilling activities. In Europe we have Partex oil and Gas Company, in South America three is Bridas Corporation based in Argentina. North America has one of the most advanced technology in the oil industry. These companies have extended their activities around the globe in a bid to discover more oil resources to sustain future energy requirements. Some North America companies include Shell Oil Company and the Apache Corporation. This paper will focus on the importance of oil companies over and above the problems that they pose to the environment as well as the political stability of the world. For practical examples I chose to use the state of Alaska where oil companies have based their operations as a case study. Role of Oil Companies in an Economy (a) Powering Industrial Activities Oil companies form the petroleum industry ... Get more on HelpWriting.net ...
  • 14.
  • 15. The Economic Powers Of The United States China is one of the strongest and fastest growing countries in the world. It currently tops the United States when it comes to reserves, economy and the job market. But a few positive points doesn't take away from the fact that that United states currently exists as the world's one and only superpower. Their stabilities don't amass to the distribution of wealth, political and corporal power that the U.S wields. There is no other nation that comes close to being recognized as hegemony. Looking through history, economic powers and impact of nuclear weapons it is hard to imagine such war ever occurring. Experts have attempted to understand and determine if a war of this measure is possible. In my opinion war is simply not in the best interest of both nations. China and The United states rely on each other for their economy, trade, and as allies. If all factual evidence is accurate, that leads me to believe that they work best together. Thucydides trap is a metaphor that is meant to remind us of the power struggle within the international realm. The "rising power rivals the ruling power, just as Athens did to Sparta in Ancient Greece; similarly to how Germany did to Britain almost about a century ago" (Allison). Thucydides' is a good analogy as to the possibility and predictable path for the United States and China. In the article, The Thucydides Trap: Are the U.S. and China Headed for War? Graham T. Allison makes the argument that suggests the inevitable warfare that the ... Get more on HelpWriting.net ...
  • 16.
  • 17. Economic Depression and Hitler's Rise to Power Essay Economics Depression and Hitler's Rise to Power The economic depression 1923 & 1929, contributed to Hitler's rise to power in many ways. The first thing that led to the economic crisis was when the German economy collapsed, as a result of the depression and low employment. This was a result of the Treaty of Versailles that forced Germany to pay reparations to the allies. The German people protested that it was an intolerable strain on the economy, but the German government ignored it. The German government did their best to play for time and to negotiate concessions from the allies, but because the French were quite impatient and also had to pay war debts to the USA they wanted there ... Show more content on Helpwriting.net ... Eventually a new right wing prime minister called Stressman came into power and called off passive resistance in the Rhur. People then started to work again and Stressman brought in a new currency. Things were looking a bit better than before. In this situation Hitler's ideas were becoming relevant to the times, because the German people were unemployed and in a depression, they were venerable to Hitler and his strong power. The German nation was scared and apprehensive about the future of their country. The League of Nations then tried to help by making their whole society a safe place where wars were only things of the past. The League held a disarmament conference, but like most things the League did it was a failure, which people were not satisfied with. This was a good time for Hitler to make his move, because of the current state Germany was in. Hitler rose to power. The people needed someone to turn to for help, who was strong and could be heard and Hitler was there. During the economic crisis Hitler used his oratory skills to help him gain power. Hitler's personality and leadership was better than any other of Germans previous chancellors, he was able to mesmerize people. In many of Hitler's speeches he stated how he disliked the treaty of Versailles and wanted to abolish its terms. Hitler made such a big deal of this, so that the German people also ... Get more on HelpWriting.net ...
  • 18.
  • 19. The Economic Power Of The Super Bowl To connect to the economic power that generates through the Super Bowl one must understand the historical pattern of revenue, ticket cost, and attendance the game exhibits in the week leading up to the actual showdown. The ticket prices of the Super Bowl are the main catalyst into understanding what every consumer is willing to spend and how much revenue the game brings to that city. In 1967, the first Super Bowl tickets were no higher than 12 dollars and the average price of a home was less than 25,000 dollars (Smith, 2012). In 2016, the average ticket price was 1,325 dollars making a big ascendance from 1967 (Depietro, 2017). Therefore, this also shows how the game has become more popular since it has come into existence and ticket prices ... Get more on HelpWriting.net ...
  • 20.
  • 21. The Age Of Exploration And Its Effects On Economic And... Summative As European economy grew, and became more reliant on a cash system, replacing the land–based system of feudalism. The power shift is prominent, shifting from the lords and nobles to the merchants of the middle class. The Age of Exploration has provided a framework for economic life around the world for several centuries while also shaping politics, social relations, cultures, and natural environments, changing the very nature of society. Of course the most important aspect of this modernistic convention would most certainly be the newfound relation between, capitalism and globalization and their effects on economic and political power. However some countries succeeded in their endeavour of international trade, while others did not. Europeans constructed and maintained their trade and territorial empires, whether through conquest, centralizing authority, religious conversion, commercial monopolies, or through conflict with other Europeans. Economics seems to be the most significant factor in the production line of human progress. There has been no event in history that did not involve an aspect of economy. The basis of commerce in the Age of Exploration, led to growth of international trade that would eventually lead to the Industrial revolution. This foundation is heavily reliant on European powers enforcing economic trade around merchant capitalism and the existing monarchy monopolism ideologies.Trade within Europe would continue to facilitate economic growth ... Get more on HelpWriting.net ...
  • 22.
  • 23. Wealth-Power Related Economic and Socialist Theories The different theories of political economy had attempted to explain international political economy through formulating a clear relation between the interaction of wealth and power. Is political power more significant on the international level for the stability of the state compared to economic development? How does power and wealth shape the society, and as a result shape the international sphere? The questions regarding the relationship between power and wealth are, in my opinion, the most important questions, not only in the sphere of international political economy, but also in the social sciences sphere as a large. It significance comes from it's essential role in determining the structure of the society and the nature of every ... Show more content on Helpwriting.net ... Historical Realism on the other hand takes into consideration the historical development at that moment, the moment of development. Scholars of historical Realism still see the state as an agent that attempts to farther its self–interest; however, they also are interested in the historical factors, which affect the state decision in pursuing its goals in relations to other states. Thus, we can see that the realist prospective emphasizes the role of the state as the supreme power, ignoring the role of other actors, such as international organizations and multinational corporations. By that logic, states seek to gain power; wealth is a tool to gain that power, it is not an end by itself; and economic interest will change with the change of the position of the state within the international sphere. One must ask then, in a globalized world, where economic actors have significant power as much as political actors, can we still consider the state as the most important player in the international sphere? Mercantilism, as I see it, is the other side of the coin in relation to realism. Mercantilists emphasize the importance of economic protectionism for the national industries, especially for manufactured goods, through high tariffs. This theory, as in realism, point out the importance of maintaining national interest above all; however, economic ... Get more on HelpWriting.net ...
  • 24.
  • 25. "No Sugar"--- Replacement of the In-Class Presentation Essay Jack Davis' No Sugar, first performed in 1985, is a post–colonial realist work written in protest of the 1988 Bicentenary celebrations. In this broadly applicable play, Davis highlights the discrimination against Aborigines between 1929 and 1934 and particularly its justification under the government policy of `protectionism'. Focusing on the experiences of the Millimurra family, No Sugar underscores the view of Aborigines as uncivilized, the attempt to assimilate them to white culture through Aboriginal reserves such as the Moore River Settlement, and the resilience and determination of Aborigines faced with almost complete disempowerment. A fundamental concern of No Sugar is the notion of the definition of power along racial lines. This ... Show more content on Helpwriting.net ... Further, the exploitation of Aborigines for slave labor whilst they are being `protected' in Moore River is highlighted when Joe returns from prison with gifts and comments that he `earned a view bob and they gave it to [him] when [he] got out. Not like this place'. Here, it is seen that it is the prerogative of Whites to decide when monetary reward for labor is received by Aborigines. In 1985, an Aboriginal audience would have viewed this as a notable example of disempowerment. Existence in a 1980's growingly capitalist Australia dictated that economic self–sufficiency was of vast importance. Whilst Aboriginal employment was still less that of the White majority, labor had equal value. In the approach to Australia's bicentenary, an Aboriginal audience would have seen the recognition of this disempowerment as imperative, and moreover, would have gained a measure of empowerment from the focus on injustices of the past. A contemporary Aboriginal audience would be more aware of a measure of stagnation in the economic circumstances of Aborigines, still reliant on government `hand–outs' to an extent. Both original and contemporary White audiences of No Sugar would have probably been shocked by the strict and discriminatory economic restrictions imposed on Aborigines. However, some ... Get more on HelpWriting.net ...
  • 26.
  • 27. Under The Feet Of Jesus By Helena Maria Viramontes The Power of Ethnicity How do we define power in our society? Do you we look at those with money or those who acquire many things? According to Michael Parenti the structure of whether or not someone is defined in the sense of powerful or powerlessness relies on their social class and ethnicity. In the novella Under the Feet of Jesus by Helena Maria Viramontes, we see the development of power through the main character Estrella.It is clear that although Estrella's background as a powerless migrant worker struggling to support her family financially she shifts into a powerful role as an empowered young latina woman. The novella tells the story of a young migrant worker who is faced the the responsibility to help care for her family not only financially but in a manner of leadership as well. Throughout the story the character of Estrella changes drastically from a timid outcast to an outspoken leader. In the beginning Estrella is portrayed as a quiet young woman who is defined as an outsider. When looking at the character of Estrella she is characterized in the category as powerless. One reason that we can attribute Estrella's state of power is her socio–economic circumstances. Coming from a family of five, Estrella assumes the role as the oldest daughter as well as second mother due to her father's recent abandonment on the family. It is because of this abandonment that Estrella resents her mother's older boyfriend Perfecto, who in return has gotten her mother pregnant. ... Get more on HelpWriting.net ...
  • 28.
  • 29. Economic Impact Of The Clean Power Plan This paper explores the economic impact the Clean Power Plan, as proposed by President Obama, would have on the coal industry and on society as a whole. The plan, also known as the CPP, has a goal of reducing carbon dioxide emissions by the year 2030. Many proponents of the coal industry claim that the CPP would harm the United States economy with little positive impact on the environment. The White House, other government agencies, scholarly organizations, and organizations regarding the protection of human health and the environment dispute these claims, stating that the CPP would actually lead to a net increase in employment, increased air quality, and an overall healthier society, all while promoting the renewable energy sector. After analyzing the data from both sides, it was determined in this paper that the overall benefits of the Clean Power Plan outweigh the costs, therefore the plan should go forward as planned. Introduction On August 3, 2015, President Obama announced new carbon pollution standards for power plants under the Clean Power Plan (CPP).[1] The purpose of the plan was to decrease carbon dioxide (CO2) emissions to promote better air quality. This plan will impact not only coal fired power plants and the coal industry, but also individuals who live around them and the greater populous. This paper seeks to answer if such a plan should go forward and the impacts of such a plan on the parties listed above. To answer this question, this paper will look ... Get more on HelpWriting.net ...
  • 30.
  • 31. A Comprehensive Assessment Of Economic Inequality And... Martin Gilens provides a comprehensive assessment of the economic inequality and political power in America. He explores on how the affluence of politicians influences the political setting of the country. According to the author, political equality is considered as the philosophy of democracy. Due to the inequalities that exist among the citizens regarding information, social and political affairs, it would be impractical to anticipate equal influence over policy making. Nature and the degree of representative inequalities depict the extent of democracy in a particular society. The author points out that when the inequalities in the political influence intensify, democracy shifts into oligarchy, whereby the wealthy few rule the society. ... Show more content on Helpwriting.net ... The article pinpoints the fact that it is difficult to disentangle the personal preferences of the Congressional members from influences that could affect their behaviors in decision–making. There is no reliable technique of measuring the personal preferences of the representatives that are unaffected by the demands presented by their constituents. Various scholars who have analyzed this scenario have made efforts to assess the roles that are played by individual preferences through identifying some individual characteristics that are related to the interests and preferences of the representative. For instance, the personal wealth of the member might be linked with their economic policy preferences, and the use of tobacco by the member may be linked to their tobacco legislation preferences. Gilens also carried research on the professional histories of the representatives before their entrance to the Congress. Unlike the previous assessment that the author had carried out about the economic status, he found out that the histories of the members are related to their Congressional voting records. Gilens also finds significant differences between the representatives and most of the conformist professions. The author attributes the differences to the types of districts or the states that the authors were elected from instead of any independent influence of their professional backgrounds. The article is further supplemented by ... Get more on HelpWriting.net ...
  • 32.
  • 33. The World 's Foremost Economic And Military Power The USA is the world 's foremost economic and military power, with global interests and an unmatched global reach. America 's gross domestic product accounts for close to a quarter of the world total, and its military budget is reckoned to be almost as much as the rest of the world 's defence spending put together. The country is also a major source of entertainment: American TV, Hollywood films, jazz, blues, rock and rap music are primary ingredients in global popular culture. The United States originated in a revolution which separated it from the British Crown. The constitution, drafted in 1787, established a federal system with a division of powers which has remained unchanged in form since its inception. Jump media playerMedia player helpOut of media player. Press enter to return or tab to continue. The US contains a highly diverse population, the product of numerous and sustained waves of immigration. Ethnic and racial diversity – the "melting pot" – is celebrated as a core element of the American ideology. The 1964 Civil Rights Act outlawed racial and other discrimination, but race continues to be a live issue. The election of Barack Obama as the country 's first African–American president in November 2008 marked a defining moment in the country 's chequered history of race relations. Freedom and prosperity The original people of north America, who made up several distinct groups of native Americans, went into decline with the arrival of settlers and now constitute a ... Get more on HelpWriting.net ...
  • 34.
  • 35. Economic and Political Issues that Helped Hitler Rise to... In the following investigation, the following question will be addressed: In what ways did economic and political issues in Germany between 1922 and 1932 contribute to Hitler's rise to power? The scope of my research will fall between the years of 1922–1932, the start of Hitler's attempt to run for office. A variety of primary and secondary sources will be used to answer the question. The bitterness caused upon the change of government systems in Germany will be analyzed, along with his childhood that all primarily drove Hitler to run for power. Then, the harsh effects World War I had on Germany along with the Great Depression that followed as a result will also be looked at. Finally, a conclusion will be reached. ... Show more content on Helpwriting.net ... On the other hand, if this were to have existed in a dictatorship, one would merely get used to how something went because that was how life would be from now on if there was a dictator present. With all the mess and distress already present, the body of laws present in a democracy is much slower to be established, while it usually took much less time with a dictator. Rather than one person having to agree on a law or come up with one, a democracy requires the whole body instead to ratify or accept it. This is due to the fact that your own personal needs must be given up in a dictatorship, while they are respected and valued on the other hand in a democracy. Therefore, seeing from all these changes, the alteration in government that the German government faced must have produced overwhelming challenges for Germany as a whole. They must completely abandon the norm for them and accustom themselves once again to a new way of life. Not only will these bring upon conflicts within the human population, but in all aspects including political, social, and economic qualities. In specificity to all these problems, it was many problems that accumulated and grew through time that presented a chance for Hitler to rise to power. Adolf Hitler was not only a strong and powerful leader that could have rose to power completely on his own, yet many of the inhabitants in Germany was tired of everything and needed a changed ... Get more on HelpWriting.net ...
  • 36.
  • 37. Rise of China as an Economic Power PROJECT REPORT ON: RISE OF CHINA AS AN ECONOMIC POWER Submitted to Submitted by: Mrs. Navjot Kaur Arpandeep Kaur MBA– 1C Roll no: 5218 table of contents * Introduction about china * Economic history of china * Republic of china ( 1911– 1949) * People's Republic of China (1949 onwards) * From planned economy to free market powerhouse: The post – Mao era ( 1976 onwards ) * World's second largest economy * Brief overview of china's present economy * China ... Show more content on Helpwriting.net ... Foreign imports fell drastically from 1919–1921 and from 1925 to 1927. Chinese industries continue to develop in the 1930s with the advent of the Nanking decade in the 1930s, when Chiang Kai–shek unified most of the country and brought political stability. China's industries developed and grew from 1927 to 1931. Though badly hit by the Great Depression from 1931 to 1935 and Japan's occupation of Manchuria in 1931, industrial output recovered by 1936. By 1936, industrial output had recovered and surpassed its previous peak in 1931 prior to the Great Depression's effects on China. This is best shown by the trends in Chinese GDP. In 1932, China's GDP peaked at 28.8 billion, before falling to 21.3 billion by 1934 and recovering to 23.7 billion by 1935. * The rural economy of the Republic of China The rural economy retained much of the characteristics of the Late Qing. While markets had been forming since the Song and Ming dynasties, Chinese agriculture by the Republic of China was almost completely geared towards producing cash crops for foreign consumption, and was thus subject to the say of the international markets. Key exports included glue, tea, silk, sugar cane, tobacco, cotton, corn and peanuts. The rural economy was hit hard by the Great Depression of the 1930s, in which an overproduction of agricultural goods lead to massive falling prices for China as well as an increase in foreign imports (as agricultural goods produced in ... Get more on HelpWriting.net ...
  • 38.
  • 39. Power And Decision Making In American Policies Luisana Zambrano Final Paper It is ambiguous to identify power with an absolute definition. When we talk about power in the political spectrum, it can be considered as the ability of a person or a group of people to rule over something and define specific policies that would affect the majority. However, we also have to consider who put those people in power, in this case, the general population. At this point, we are defining power as the ability of a massive group of individuals to choose who they want to represent them. Given those two variants in the definition of power, we can infer that it is a constant movement between the ruler and the followers. Beginning from the electoral aspect, if we analyze who the power actors are, at ... Show more content on Helpwriting.net ... First, it is necessary to accept, for the society in general, that there is an issue of inequality, and that even, though Americans share the same nationality and territory, the reality of each part can be completely different. Second, for the population in general, it is necessary to start recognizing the necessities and interests of each part, so it could be possible to compromise. And, third, the adaptability on a specific period. The new idea of consolidation of power in the United States is based on the principle of consumerism and the acquisition of power by an established economic position. It is necessary for the people in power to understand that the American Dream cannot be achieved without the help of the system. After compromising for the development of the society in general, the idea of achievable power could be available to all Americans. The develop of a collective identity will be only attainable by the promotion of equality among the whole society and the elimination of extreme ... Get more on HelpWriting.net ...
  • 40.
  • 41. India Super Growing Economic Power India super growing economic power Submitted by: MUHAMMED FAZAL K Preface India is a new emerging economic power in the world. Though the 21st first decade saw a global level financial crisis, India didn't wilt under its pressure due to it's the Government's progressive policies and full–fledged reforms. Particularly, nationalization and liberalisation were the real saviors of India from the recession. Also, the national sectors and global raid helped to maintain the economy in proper way. Introduction India is an exponentially growing economic powering the world. Indian economy stands today as one of the influential and attractive economy. The liberalization move by the Government of India in 1990s has given a boost to the Indian ... Show more content on Helpwriting.net ... Both imports and exports have taken a leap of 20% on an average. In July 1991 with the announcement of sweeping liberalization dismantled import controls, lowered customs duties, and devalued the currency... virtually abolished licensing controls on private investment, dropped tax rates, and broke public sector monopolies. Yet the aggregate growth data tells us that the acceleration of economic growth began earlier, in the early or mid–1980s, long before the exchange crisis of 1991 and the shift of the government of Narasimha Rao and Manmohan Singh toward neoliberal economic reforms. To the extent that we trust aggregate national–level income accounts, it is clear that by 1985 Indian aggregate economic growth had undergone a structural break. Roles of Sectors Indian Sector analysis Industry and service Economic reforms brought foreign competition, led to privatization of certain public sector industries, opened up sectors hitherto reserved for the public sector and led to the expansion India the production of burgeoning consumer goods. The share of India's IT industry to the country's GDP increased from 4.8% India 2005–06 to 7% in 2008.in 2009 7 Indian firms were listed among the top 15 technology outsourcing companies India the world. Mining also is a major segment of Indian economy as it producing 79 different minerals India 2009–10. Agriculture
  • 42. As for worldwide farm output, India ranks ... Get more on HelpWriting.net ...
  • 43.
  • 44. China 's Economic Power On A Global Scale China has established itself as an economic power on a global scale. A national transition in industry, finance and technology has placed china at the top of the list as an appealing global trade partner. Chinese Manufacturing has led the way to a boom in exports and recognition for the Chinese workforce as a world leader in cost effective manufacturing. A shift in work force has provided inexpensive labor, paired with a strong economy China has also positioned itself among the top world leaders for global exports. China went from an under–developed country to emerge as a leading world economy among economic powerhouses like the United States and the European Union. Americas insatiable demand for cheap goods has caused an increased gap in the annual U.S. trade deficit over recent years. The U.S. trade deficit with China was an astronomical $365.7 billion in 2015. The United States imports consumer electronics, clothing and industrial machinery from China. Many of the imports are from U.S. based corporations that send components to China for less expensive assembly. After assembly the products are shipped back to the U.S market for retail sale. Although the profits are attributed to American–owned companies which are ultimately domestic entities the merchandise is classified as an import by law. The growing trade deficit with China is a hot topic in American politics. Legislators often try to impose tariffs or other forms of trade protectionism against China to support ... Get more on HelpWriting.net ...
  • 45.
  • 46. How Do Elites Gain Power Elites are people who get more of society's valuables, such as wealth and respect (Wasserman, pg. 4). Power is "the ability to influence another's behavior" (Wasserman, pg. 3). It can be through rewards, coercion, or persuasion. Legitimate power is power that is "accepted as right" (Wasserman, pg. 4) or chose by using an agreed upon procedure (Wasserman, pg. 5), or authority deserving obedience (Wasserman, pg. 5). Elites gain authority and authority gains power. People feel they should follow authority. This power and authority control politics. If elites are expected to get the most and are the ones who gain authority, etc., then the problem of economic inequality will affect the U.S. by lowering the number of people with legitimate power. ... Get more on HelpWriting.net ...
  • 47.
  • 48. Analysis Of Mahan's Advocacy For Sea Power Against... In many scholarly and military circles, the writings of Mahan and Mackinder are often portrayed as two purist theories opposing one another. Scholars pit Mahan's advocacy for sea power against Mackinder's insights into the benefits of land power and soon the real genius of both is lost. (For examples, see Dodds and Sidaway 292, 2004 and Colls 238–239, 2002 as cited in Dodds and Sidaway 293, 2004 and Holmes and Yoshihara 25, 2005). In truth, in almost every respect, Mahan's and Mackinder's views are complementary. While Mahan does emphasize the importance of sea power to a nation's economic prosperity and security, his passionate insight is a far cry from any assertion against the importance of land power. Conversely, Mackinder's insights focus quite extensively on the potential for a country to develop a powerful land force on the core of the Eurasian landmass, but again we see throughout his writing the underlying assumption of the importance of sea power. Both men agreed on so many salient points that it is far better to read their works as a whole and thereby glean the collective wisdom of their perspectives, than to analyze them separately as two opposing schools of thought. In this way, one can see that their complementary insights are greater than the sum of their individual works. There are a few scholars that recognize this unfortunate trend of depicting a false land power vs. sea power debate. Jon Sumida is one who acknowledges that the Mahan texts are often ... Get more on HelpWriting.net ...
  • 49.
  • 50. The Relationship Between Economic Globalization And Labor... The relationship between economic globalization and labor market power provides empirical trends in world average and the world equality through structural bargaining power and associated power, thereby allowing workers to achieve convergence across nations (Mahutga). What labor market power does for economic globalization is that it increases the probability of labor internationalism through two models, namely, the structural model and the institutional model. Beverly Sliver, Tamara Kay, Nita Rudra, and Matthew Mahutga provide different theories and data, breaking down the trends of labor power and labor movement on a global scale. The labor movement began during the industrial revolution and exists because of worker–employer relationships and working conditions, thus providing the landscape for labor power (Mahutga). Labor power can be broken down into associational power and structural bargaining power. Mahutga's Lecture on Globalization and Labor builds on Beverly Sliver 's argument on the Forces of Labor and Tamara Kay 's argument on Labor Transnationalism and Global Governance about what Labor market power and Labor Transnationalism mean as regards labor on a global scale (Mahutga, Kay). Is it creating better standards for the working and living conditions of workers? Associational power results in collective workers ' ability to unionize and organize to present one opposing voice. Structural bargaining power results from the workers ' place in the economic system, ... Get more on HelpWriting.net ...
  • 51.
  • 52. Economic Effects Of Imperialism And The Struggle For... The struggle for economic power has modified the world. During the 1600s through the 1800s, the struggle for economic power globally has created many problems Socially, politically, the interactions, culturally, and economically. Throughout the centuries, countries have fought each other over power, leverage, wealth and influence. Imperialism is one of the results due to the struggle for economic power. This essay will inform about the effects of Imperialism and the struggle for economic power. Throughout time, countries, places and towns, have been changing and updating their plans. They have updated technology, created religions and developed different ways to govern. For example, Industrialization, (" Being the development of industries ... Get more on HelpWriting.net ...
  • 53.
  • 54. Essay Case 11-3 Case 11–3 Master of the Universe TABLE OF CONTENTS Statement of facts...................................................... 3 Question 1.............................................................. 5 Solution........................................................ 5 Question 2.................................................................... 6 Solution........................................................ 6 Question 3.............................................................. 7 Alternatives................................................... 7 Solution........................................................ 8 STATEMENT OF FACTS Saturn and Venus, form Jupiter, a joint venture. Saturn owns 51 percent of Jupiter and Venus owns 49 percent of Jupiter. The purpose of Jupiter is to own and operate organic clothing design and manufacturing facilities and sell organic ... Show more content on Helpwriting.net ... Equity interests with or without voting rights are considered variable interests if the legal entity is a VIE and to the extent that the investment is at risk..." Also, ASC 810–10–55–19 states as a general rule, assets and operations of an entity create its variability, meanwhile its liabilities and equity interest absorb the variability. It also states that the variable interest absorb or receive the expected variability created by those assets, liabilities, or contracts of a VIE that are not variable interests. Because Saturn Inc. and Venus Inc. have investments in the residual interest and debt securities of Jupiter, both companies are variable interest holders of Jupiter. QUESTION NUMBER 3 Who, if anyone, is the primary beneficiary and why? ALTERNATIVES Alternative 1 – Venus is the primary beneficiary of Jupiter. The distribution of clothing and decisions related to distribution could be the most significant impact on the economic performance of Jupiter. Venus has the obligation to absorb losses of Jupiter or the right to receive benefits from Jupiter and has the power to direct distributing activities of Jupiter that could affect significantly Jupiter's economic performance. Alternative 2 – Saturn is the primary beneficiary of Jupiter. Saturn has the power to direct operating
  • 55. ... Get more on HelpWriting.net ...
  • 56.
  • 57. The Importance of the Economic Factors in the Rise to... The Importance of the Economic Factors in the Rise to Power of the Fascist Party in Italy Fascism came on the heels of a war that economically and physically crippled Italy. In an attempt to regain control, Italian general and dictator, Benito Mussolini created a political party that rivalled the Socialist party. Fascism was an extremely harsh dictatorship type of power that left many people a victim of its cruelty. This essay will explore whether the rise of fascism was due to the economic breakdown in the country at that time, or was that fascism was simply so popular at that time that nothing would have stopped it? Was it the threat of bolshevism driving people towards fascism in an attempt to be ... Show more content on Helpwriting.net ... The problem of unemployment was aggravated by the return of millions of ex–soldiers to Italy and a new immigration law of the U.S. government, which restricted entry of immigrants. Moreover, runaway inflation added to the sufferings of the Italians. The lira had only one–fifth of its pre–war value. Encouraged by the success of the Bolshevik Revolution in 1917, the unemployed workers and peasants stirred up riots and strikes throughout the country. At that time the government was incompetent. It failed to take control of the conditions in the country. Gradually the nationalists grouped together to emerge as the fascist party. According to Ketelby, author of the book 'History of modern time Europe,' " It was the urgent need of a strong unifying force that formed the background for the rise of fascism in Italy." These political crises may have pushed the leaders of Italy into supporting fascism. The people were restless they wished for an effective government. Many were turning to socialism, others to fascism. The King and aristocracy may not have supported fascism but seen it as the lesser evil compared to the 'red menace.' Economic factors such as the high unemployment figures and the inflation pushed the people away from the weak government and ... Get more on HelpWriting.net ...
  • 58.
  • 59. Behavioral Economics: The Power Of Nudges By Dr. Thaler Behavioral economics is "a method of economic analysis that applies psychological insights into human behavior to explain economic decision–making" according to the Google dictionary. This type of economics concludes that people behave irrationally in certain ways. People are neither entirely rational nor entirely irrational, rather their behavior shows a combination of the two. Contrarily, traditional economics assumes that people will make entirely rational decisions, which allows economists to simplify behavior into a model. Juxtaposing the assumption, the coffee mug experiment showed that people behave irrationally in certain cases. In this experiment Dr. Thaler handed coffee mugs to only half of a class. The half who received a mug viewed it as more valuable while those who had no mug thought the mugs were less valuable. The experiment showed the "endowment effect," the idea that people place a higher value on their own possessions. In conclusion, behavioral economics show the true actions of people rather than a general overview of how society should behave. ... Show more content on Helpwriting.net ... Dr. Thaler gives three aspects for a good nudge: truthful, avoidable, and good for the consumer. Continuing to explain the difference between a good and bad nudge, he recalls three personal dealings with bad nudges. He also encourages people to examine the fine print before buying the product because the details identify whether the nudge is good or bad. In the end, the Nobel Peace Prize winner calls for peer–help, meaning consumers aiding each other, to avoid bad nudges and discourage the generation of ... Get more on HelpWriting.net ...
  • 60.
  • 61. The Impact of the Growing Economic Power of China The Impact of the Growing Economic Power of China China is the second largest economy in the world after the US. This is measured by both nominal GDP ($4.99 trillion), and by purchasing power ($8.77 trillion). The Peoples Republic of China, as it is officially called, is the world's fastest growing major economy in the world with an average growth rate of 10% for the past 30 years. China is also the second largest trading nation in the world as well as being the largest exporter and second largest importer of goods. China has the largest population in the world with approximately 1,338,612,968 inhabitants. With more than 70% of the population being 'economically active' i.e. at a working age (15–64) this, as well as having a large ... Show more content on Helpwriting.net ... The amount of employment both nationally and internationally have had a mass affect on consumption and spending throughout the global economy from importing cars to exporting shoes. This helps stimulate the multiplier affect again, mentioned earlier. China's foreign reserves are on the increase as well since the year 2002. In 2007, it has the world's greatest amount of foreign reserves amounting up to $1528 billion US dollars, exceeding the next largest holder, Japan. Official sources elaborate that US dollar holdings comprise of 60% of the reserves. This means that the US has a very large chunk of it reserves and therefore would not want China to declare itself bust any time soon. By 2050, it is also estimated that China will overtake the US and become the largest economy on the planet and will therefore be the largest superpower along with ... Get more on HelpWriting.net ...
  • 62.
  • 63. China 's Economic And Military Power China is an important country for both the United Sates (US) and Asia to be mindful of. China's economic strength, cyber capabilities, and intelligence capabilities make it a country of great significance to the US. China's economic and military power makes it a key player in Asia. Significance to the US Many years of strong economic growth and smart exporting strategies has allowed China to come close to surpassing the U.S. economy. China is currently in its 13th Five– Year–Plan, which is China's economic guideline. In this five–year plan, which covers 2016–2020, China intends to focus on innovation and encourage foreign investment (The 13th, n.d). China's focus on innovation will challenge U.S. manufacturers attempting to do the same. Should China enact policies more open to outside investment, it will likely allow the U.S. to strengthen US–China relations and improve its economic stance through foreign investment in China. When the economic bubble burst in 2008, it affected the U.S. economy. The US went through a recession and struggled to find growth again for several years. China suffered few impacts and its economy continued to grow steadily until recently. China owns approximately $1.3 trillion of the US's debt. It is the largest foreign owner of U.S. debt. (Long, 2016). If China's economy were to falter and it wanted to cash in on that debt, it could cause grave economic consequences for the US. China owning a significant portion of U.S. debt allows China to subtly ... Get more on HelpWriting.net ...
  • 64.
  • 65. Emergence of China as the Leading Economic Power The article chosen is an informative demonstration of how China has emerged as a leading economic power. In just a few short years China has managed to position itself as a manufacturing leader in many of the industries that are most heavily needed by the other nations throughout the world. How China has done this is a remarkable story and provides a compelling reason for choosing an article about their success as a topic for this paper. The article not only highlights China's success but also provides insight into how China is becoming a partner in the world economy much like the United States did in the 50s and 60s and how readily the rest of the world is accepting China's participation. China is utilizing its position as an emerging nation and the availability of inexpensive labor to leverage itself against other competitors. As an example, for several decades the Japanese high speed train industry has been the standard for excellence. China, however, has openly established itself as a viable alternative and is not only actively building its own high speed train system connecting all the major Chinese cities they are also aggressively pursuing business with other nations throughout the world, including the United States, who are considering the building of a high speed train system. In doing so, China is demonstrating ingenuity and imagination by demonstrating to American decision makers its willingness to consider a variety of options not only in the manufacturing ... Get more on HelpWriting.net ...
  • 66.
  • 67. How Mergers Affect The Economic And Financial Power Of... Mergers have become a main aspect within the market economies, resulting in consequences that are potentially conflicting due to the stiff competition among different businesses (Richard & Yekini, 2014, p. 54). The conventional economic theory suggests that mergers are likely to raise the level of monopoly, hence leading to reduced competition and lower economic efficiency. The truth is that they can boost the effective level of competition within the monopolistic environment where size is an important factor. This means that in the case of markets that have a small number of large producers that are involved in competition, mergers can play a vital role in increasing the economic and financial power of smaller firms. This enables the small firms to compete favourably with the larger ones. Therefore, mergers are able to produce a countervailing force to fight the leading firms, putting more pressure on them, and making them look for other ways to constantly make improvements in their efficiency. This is similar to the way many small businesses behave as a result of competition in highly competitive markets. This paper elaborates the reasons that motivate firms to take over or merge with other firms and the effects of this, both to the employees and the firms involved (Su & Wells, 2014, p.46). This will be established by examination of specific recent acquisition or merger cases within EU member countries, putting into consideration a number of these aspects. The major driver ... Get more on HelpWriting.net ...
  • 68.
  • 69. Revolution : The Economic Power Over The American Revolution The Economic Power over the American Revolution Do our finances have the power to change how we treat each other? Due to the British taxation of paper, tea and others the colonists started to rebel and began a revolution. The American Revolution started in April of 1775 which was also known as the War of independence of America from Britain. When British troops and American colonists stood face to face at Lexington and Concord and the shot heard around the world went off. France soon joined in in 1778 to help the colonists, which turned the problem from a civil war to an international conflict, but they helped the colonists gain their freedom when the British surrendered at (1781) Yorktown even though the fighting didn't stop until 1783. The Revolutionary War started because Britain started to harshly tax their citizens to pay off their war debt of the French and Indian war. This essay will continue to prove that the American Revolutionary was mainly driven by economics with a hint of ideology as well. The economic policies of the British drove the American colonies to revolution. The Stamp Act was the first tax the British placed on items that they forced their colonists to pay. The stamp act "...imposed a tax on all paper documents in the colonies..." (history.com) which forced the colonists to pay taxes on all their everyday items that included paper like newspapers and even the stamps that they needed to put on these items to prove that they paid taxes on it. Thankfully after the colonists resorted to mob violence to prove their point they repealed the stamp act in 1766.There also was the Townshend act. The Townshend Act started in 1767 right after the Stamp Act was repealed. This act not only taxed paper but also glass, lead, paints and, tea. The colonists were furious when this act was brought about because they felt as if "...the taxation as an abuse of power..." (history.com) and they were right to think that because it was. All this money the colonists were being taxed was not going to anything relating their well being it was pay off the war debt from the French and Indian War. They finally repealed the Townshend act in 1770 "...leading to a temporary truce between the two sides in the years ... Get more on HelpWriting.net ...
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  • 71. Jap A Economic Power Japan, to this day, is a major economic power that has major influence on the rest of the world. It is a nuclear state, and has a GDP of almost 5 trillion USD. Japan wasn't just like this and has gone through a tremendous period of growth after World War II in 1945. Since then, its economy has grown through its technological and manufacturing side. When the company was defeated in 1945, it was in an economic ruin. Everything that came before was in shambles, but little did the country know there was huge room for growth. (Ohno, 2006) After Japan was defeated in 1945, Japan was under US occupation. During this time a recovery strategy was put into place to work with the already in motion political and economic system. The Japanese entered a period of rapid growth between the years 1950–1970. This growth completely changed the economy and made Japan one of the best capitalistic economies of its time. Japan was a major industrialized nation with many new companies coming into power. "This would of not been possible without Subsidies, fukkin loans and US aid." (Ohno, 2006)The Japanese benifeted from the war because of its close alliance with America and the fact of letting American troops station in Japan. War was actually an important factor of economic growth in Japan. Due to the fact of many factories and companies being wiped during the war, investments were made to bring better equipment into the factory so that efficiency was highly prioritized. Ohno puts it, "New ... Get more on HelpWriting.net ...
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  • 73. Class Power In America In America a person or group who is consider to have power are those who produce own land, own business and produce money to America and yet receives all the reources for example the class power. Class power is known for its firm decision making to the middle class and none for the lower class. There authority in which only want the best for themselves instead of multiplying wealth to the lower class by controlling society unqueal contribution. Through the use of this power this group are in control of resources an important help for the society agency in the most needed community. " Unequal distribution of societal power is to a large extent responsible for poverty, hunger, the destruction of nature, and inhuman living conditions. From the ... Get more on HelpWriting.net ...
  • 74.
  • 75. China 's Economic, Military, And Political Power Abstract China has always been a country talked about whether it's because of trade that the U.S. and other countries are involved in or how much they have grown as a country. You usually hear a story in the news about their growing power. China has become one of the top countries in the world ranked as #2 right behind the United States with a GDP of $10.4 trillion U.S. dollars as of 2014 and continues to rise. China has transformed itself to a manufacturing and exporting hub since they were a centrally closed economy in the 70's and has grown over 7% in the past couple of years while continuing to grow. What makes China's economy powerful? As you continue to read this research paper you'll understand why and how China has grown with their economic, military, and political power. I. Background Information On China With a population of over one billion, three hundred and three million, seven hundred one thousand people (1,303,701,000) China continues to grow. China's capital is Beijing but other major cities include Shanghai, Wuhan, Shenyang, Tianjin, Guangzhou, Harbin, Chengdu, and Chongqing. China's typical climate is subarctic in the north and tropical in the south. The fluent language spoken is Chinese and Mandarin. One important factor that sets China on top is that their literacy rate is eighty–two percent and has a high amount of people in the workforce at over six hundred ninety–nine million workers (699,000,000). Sixty percent of the workers work in ... Get more on HelpWriting.net ...
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  • 77. Economic Power In Imperial China Economic Power One of the main reasons China has a boost in soft power mentioned in the previous paragraph, as Joseph Nye said, is the significant rise of economic power, which is also one of the key elements of the Chinese Dream. Considering the economic history of imperial China, there are several strong points. Start from the earliest, the Han Dynasty (206 BC–AD 220), which has a massive urbanization, huge population growth, stable currency and very importantly, the open up of Silk Road. These allowed commercial activities developed in a rapid rate at that time, and enabled the trade with Europe through the Silk Road. Han achieved a very high level of gross domestic product at that time, which was roughly equals to $450 per capita in 1990's US dollar. Move forward to the Tang Dynasty (618–907), another golden period of Chinese history, which has recovered from the long period of wars, with the population surpassing the Han Dynasty. China enjoyed a long peaceful period of economic development since the Emperor Taizong of Tang, one of the greatest emperors in Chinese history. Taizong regulated the market, and more importantly the taxation system; he set various standards of price and quality of certain goods, and left the market to the people. The Song Dynasty ... Show more content on Helpwriting.net ... The urbanization is exactly what China is experiencing since several decades ago; stable currency can be related to the efforts that the Chinese government put to stabilize and strengthen Yuan. Silk Road and "Zheng He Xia Xiyang" both refer to global trade. The system and standards during Tang Dynasty are very much alike the Chinese socialism today. The technology development during the Song Dynasty matches with how the Chinese government value science and technology. These are all elements that are included in Xi's Chinese Dream, which China wanted and tried to ... Get more on HelpWriting.net ...
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  • 79. India a Global Economic Super Power INDIAA GLOBAL ECONOMIC SUPER POWER New parts of the world that were not long ago considered undeveloped, backwater countries, are now taking center stage in the global economy. Much has been publicized about the ascendance of China's economy, as it has become a major venue for the manufacturing of products sought after by worldwide consumers eager for cheaper goods. However, China's Asian neighbor, India, also has a vigorously growing economy. India's economy is partly being fueled by companies around the world seeking to reduce their costs by outsourcing some of their operations there. A March 9, 2005 article in the International Herald Tribune reported that within 30 years, India is projected to have the world's third largest economy ... Show more content on Helpwriting.net ... Business Process Outsourcing, or BPO, involves more routine processing of data. Ravi Aron, Professor of operations and information management at the University of Pennsylvania's Wharton School, said examples of BPO involve more routine functions where there is a predefined way of doing tasks or even reaching conclusions, as in data entry, accounts maintenance and customer service activities such as those performed at call centers. BPOs typically provide such services as setting up bank accounts, selling an insurance policy and voice and e–mail–based computer support. Aggarwal said that a higher Level of service than BPO is called Knowledge Process Outsourcing or KPO. KPO involves high–end processes such as investment research and Legal and insurance claims processing. In a March 21, 2005 article in the Indiatimes News Network, Pavan Bagai, Vice President, strategic businesses, EXL said, "Imagine unsorted data going through a black box and coming out as useful information. In KPOs the black box is your mind. There is no predefined process to reach a conclusion." In either BPO or KPO, India often offers a huge cost savings potential over those functions being performed by American workers in the U.S. Aron said that in credit card–related functions, the cost of an American worker, including benefits and overhead, ranges ... Get more on HelpWriting.net ...