Essays on Tariffs

Thomas Jefferson (1743- 1826) and Andrew Jackson (1767-1845) served as the US presidents from 1801 to 1809 and from 1829 to 1837 respectively. The two popular presidents made significant contributions to the development of democracy in the United States. Historians and policy makers have criticized the two for acting in ways that seemed to compromise the very democracy they professed to uphold. Andrew Jackson stands as the president who better upheld the ideals of democracy and interests of the common man as he expanded voting rights, regulated the US National Bank and resolved the nullification crisis among many other ...

1. Jackson was remembered as one of the most popular presidents who did a lot to strengthen the US. Nevertheless in order to achieve this goal he used undemocratic methods of government. Jackson's presidency began with great success in the economy but war with the banks was a major issue of Jackson's presidency. He approved the transfer of government funds from the accounts of the Second Bank of the United States in more robust credit institutions. Second Bank actually reduced the amount of money in circulation, demanded to return of all loans and refused to issue new ones. Jackson’ ...

The Pacific Brands has four main stakeholders which include the employees, customers (community), suppliers and shareholders. The corporation has a talented team of employees working in various regions where it has business units. The employees are motivated thus enhancing efficiency in service delivery. The corporation has ensured motivation of the employees through creating a conducive working environment. Additionally, the company is unique in its production something that has been encouraged by outsourcing some of its services. This has led to the attraction of many customers for its products. Pacific Brands has also taken measures to reduce environmental pollution through ...

The Maritime experienced different economic transformations that involved up rises and downfalls. During the economic decline, the Acadian communities were disadvantaged to the Anglo-Protestant majority around them. The colonies such as British North America and Great Britain that would progress to be Canada in 1867 invested extensively on the Maritimes. This period of transition led to the advancement of the Maritimes in different sectors of the economy. It leads to the specialization of agriculture where regardless of the cheap agricultural land, they specified on monoculture like potato farming. However, the development of the economy was very slow. The situation ...

Current market conditions competitive analysis

Estee Lauder Cos.Inc Estee Lauder Cos. Inc is an American based company that manufactures and markets prestige skincare, fragrance, hair products, and makeup. The company has owned various investments of labels that are internationally distributed to give it a global reach. It establishes departmental stores in various regions. Estee Lauder Cos. Inc has achieved a global leadership in by delighting its consumers with a variety of transformative products, high consumer experiences, and improved capacity to inspire its consumers to express their beauty with its prestigious products. The company is focused solely on its specific beauty products with more than ...

The Impact of the Guaranteed Price Policy on the European Sugar Market

Sugar industry is one of the most dynamic in the structure of the food industry and plays a significant role in the economies of several countries. The European Union leads the five largest importers of sugar. Sugar production in the EU is expected to grow by 10% in the 2017/18 season. The production may reach 18.3 million tons, but still will be lower than the record 2014/15 season (19.4 million tons). Sugar production growth is expected in France (up to 5.5 million tons) and the UK (up to 1.4 million tons). However, despite the increase in production, the EU ...

Introduction

BMW Group is one of the most successful automotive companies in the world and is a considered a brand leader in the premium market segment in the United States. Despite competitive pressures within the market segments and among the low and mid-priced automotive, BMW’s vehicle volume sales continued to increase by 5.2% in 2015, thanks to the normalization of the global economy. Its revenues also increased by 14.6% and reached $92.2 billion while its net income reached $6.4 billion, a 10% increased from the previous year (BMW Group, 2016). As per location, Germany accounted for 42.6% of the ...

2017-01-05

Five-Force Analysis 3 Key Success Factors of the Company 4 SWOT-analysis 5 Recommendations 6 III. Conclusion 7

Introduction

This paper is devoted to the strategic analysis of the company Ryanair. It is an Irish low cost airline that is well-known in Europe. This company operates since 1985 and offers flights to around twenty seven different countries. There are no any incidents that could be associated with human victims during the whole company’s activity. Ryanair has become a truly budget airline in the 1990s. It has abandoned the business class, expensive airports and long-distance flights. As a result, in 1995 ...

Significant increases in the national debt, with no relief or plans to deal with the problem, and its effect on the economy An increase in national budget, with no relief or plans to deal with the problem, will result in a deficit, or more spending with less national input. Repercussions for a budget deficit can mean more borrowings for the national government from the private sector, such as the selling of bonds or gilts to the private sector. The debate over the budget deficit has two opposing views. The first one is that the deficit is destructive to the ...

The knowledge in economics encompasses a wide array of topics that involve different economic activities, such as the ones that influence the government in carrying out regulations on gasoline prices as well as imposing a price floor in relation to the minimum wage. In this discussion, different economic scenarios will be presented along with the possible outcomes of each. In addition to the provided situations about the price ceiling for gasoline and price floor for minimum wages, other economic events will be presented, such as the possible gains and losses of international trade and the possible outcome once the ...

WORD BLOG

The XYZ Company is an oilfields company that has developed unique strategies that allow it to achieve superior performance by expanding consistently and challenging organizational boundaries. However, these policies fall under the category of Red Ocean strategy that focuses mainly on existing competition in the industry (Hill, et. al, 2014, p. 5). Therefore, there is the need for the company to embrace the blue ocean strategy to expand the boundaries and the market space. Blue ocean strategy refers to the creation of an undiscovered and new market space for a company. The approach ensures that a new customer network ...

Question One

Challenges As highlighted in the Real World Case Study, there are various challenges that organizations face while operating in the global environment. These challenges may be classified into cultural, political, and geo-economic.

Cultural

There are a few cultural issues that companies should considers when implementing IT infrastructure of the global domain. There is a need for IT systems and subsystems to accommodate the cultural preferences. The user needs vary from one country to another; each market has specific needs (O’Brien & Marakas, 2011) Political As revealed in the case study, there are a couple political challenges that firms face in ...

Question #1

If the Board of Schmeckt Gut will convince the Government of Industria to make a free trade agreement with Atollia, there will be no tariffs. According to the regression equation, we have estimated in Module 4, the coefficient of tariffs is negative. Hence, if tariffs are applied, this leads to a decrease in the demand of our energy bars. Without tariffs, the demand will be increased. Since the demand will be increased, the supplier should increase the volume of production. This, in turn, leads to an increase in Schmeckt Gut’s labor demand, as it needs more employees to ...

YOURNAMEHERE

YOURSCHOOLHERE C13 Economics Assignment 08 Part 1 Monopolies develop in several ways (Vandewetering, n.d.). There are “natural” monopolies that emerge from the scales of some businesses. Electric generation utilities, for example, require multi-million dollar investments in the plant and more millions to build the distribution infrastructure. At these levels of entry costs, virtually no competition can develop. Some monopolies develop around ownership of a scarce resource. The DeBeers company, for example, controls a large percentage of the world’s supply of diamonds. The third form of monopoly is the result of government action. For example, patent and copyright protection ...

Individual Assignment: PESTLE Analysis

INDIVIDUAL ASSIGNMENT: PESTLE ANALYSIS Introduction Various methods could be used to analyze the external factors that affect a business. The paper covers the PESTLE and Porter’s five forces analyses of XYZ Company that deals with oilfield’s services.

The PESTLE analysis deals with the external or macro business factors and helps in identifying the current situations, providing a solution and marketing strategies to be followed. Yüksel (2010) argues that, “They could be political, economic, social, technological, legal, and environmental” (Yüksel, 2012, p. 52). It ensures that threats are minimized, and opportunities are utilized to the advantage ...

Capitalism has come a long road before becoming the dominant social order on the planet. Adam Smith was one of the first economists to fully describe the benefits that free market capitalism can bring. Moreover, he was the first to systematically analyze the main economic categories such as wages, labor, profit, rent, population, demand, and supply. His work Wealth of Nations was groundbreaking, and he is considered one of the fathers of capitalism not without a reason. In this work, I will show that Adam Smith succeeds in his criticism of mercantilism and governmental market regulations and proves that ...

The history of the United States is a colorful one; it has played a part in most of global major events. If it is a worldwide historical event, chances are the United States has a part in it in one way or another. Such events can be attributed to, and are the causes of America’s rise to superpower that it is today. The fact that America has a key role in some of world events can be considered proof that it is one of the world’s most influential countries, which ultimately gives credence to its reputation as ‘ ...

Report for McDonalds

Italy and Russia

Figure 1: GDP per Capita at Constant Prices Figure 2: GDP Growth (Annual %) Figure 3: Inflation Rate CPI Figure 4: Unemployment Rates Figure 5: Policy Interest Rate (%) Figure 6: Russia Interest Rate (%) Figure 7: Current Account Balance in Italy (% of GDP) Figure 8: Current Account Balance in Russia (% of GDP) Figure 9: Russia Interest Rate

List of Tables

BUSINESS OVERVIEW McDonald’s Corporation is the world's largest chain of hamburger fast food restaurants, serving around 68 million customers daily in 119 countries across 36,538 outlets. Founded in 1955 by Ray Kroc in Des Plaines, Illinois, 80% of the ...

Arguably, the worst artificial famine in human history which was engineered for profit, the Great Bengal Famine of the 1770 occurred between 1769 and 1773. In the Bengali calendar however, the famine is documented as having taken place between 1176 and 1180. The Bengal famine’s scope was the lower Gangetic plains of India and so devastating was the famine that a documented 10 million people were reported to have died due to the famine. Consequentially, India’s population was significantly reduced to 30 million at the time. This manuscript will thus appraise this historical moment in the history ...

INVESTMENT ANALYSIS OF VIETNAM

INVESTMENT ANALYSIS OF VIETNAM

Summary

Vietnam has changed in the last thirty years from an agrarian country to a service and manufacture country leader in the world in growth and economic activity. The country has a communist system legally but, in the practice, the country has a liberal policy in the economy signing the Trans-Pacific Free Trade Agreement but maintaining the political control under the rule of one party. The country offers opportunities and risks for individual and corporation with the intention to invest.

Introduction

Vietnam is known in the world as the country where United States of America lost a ...

McDonalds has come to create a network in both Italy and Russia. Italy seems to have better balance of payment and government balance indices, interest rate, trade policy instruments and not needing to lose over currency rates while dealing with Eurozone importers, and even unemployment and GDP growth rates. However, unemployment and the lack of growth indicating poor economic performance and social welfare situation may advantage the brand in Russia through better low-cost labor availability and consumer reorientation on less expensive restaurant offerings. Overall, neither of the country is the ideal market for the brand, yet both have their ...

One of the most common entry strategies for MNCs is the joint venture. Why are so many companies opting for this strategy as they attempt to expand into overseas markets (E.g. US based Wal-Mart, the world's largest retailer, entered Brazil in 1995 by forming a 60:40 joint venture with one of the country's leading business conglomerates, Grupo Garantia)? Please provide specific examples and a rationale for your response. It is extremely common for MNC’s to use joint venture to build local alliances when entering into business in a new country or market. Joint ventures allow the international ...

The Corn Laws were laws passed by the British Parliament in 1815 to keep the prices of grain high so that British grain farmers would be favored in the market. England had different laws that affected the importation of grains dating back to the 12th century (The Editors of Encyclopædia Britannica), but it became a serious issue in the 1800s because of the costs of war; England had a rapidly expanding population and had a naval blockade imposed during the Napoleonic era that caused the price of grain to rise. The laws became a big issue between the ...

Involvement of America in the civil war plunged the country into huge public debt that was triggered by the need for funds to keep the war afloat. The debt persisted in the post war America to above $ 75 million and the country recorded a historical debt to GDP ratio on 30%. Since the enactment of the first tax law in the country by Lincoln’s administration, the debt kept rising to over $ 900 million. The country’s continuous involvement in the World Wars compelled it to continue incurring debt to maintain her forces in the war. The emergence of ...

Deciding Which Market to Enter

A case study of Taco Bells Introduction A company with objectives of entering into new markets must implement strategic decisions on the type of market and the entry mode. Typically, global business enterprises enter new markets through exportation, obtaining market licenses, the formation of joint ventures, or sole venture entry (Keegan, 1989). Any of these entry modes require a firm to commit some resources to succeed in the market entry. Thus, initial strategic decisions as to the category of the market and appropriate entry mode are essential. High competition, industrial organization, and international market imperfections tend to impede the ...

Careers in Finance

The variety of choice of the profession in the field of finance opens a lot of great opportunities for a person. In order to become successful in this area you must have not only high intellectual skills, but also creativity. I have chosen two professions for the consideration which, in my opinion, are unusual and very interesting.

Financial Analyst

Information has already become an essential product of market relations. But the acquisition of some information is only the first stage. It is important to analyze the facts and extract the necessary data. Such work is a fairly complicated process. Only a ...

US Elections 2016

Abstract The U.S. presidential campaign of 2016 is raging on and on. With the November approaching, and the campaign being on the rise, political issues of the U.S. are becoming more interesting to the world society. Till the beginning of May the number of candidates was still pretty sufficient to make any projections. Under Clinton’s presidency the relations between the U.S. and China may turn into a complete mess. According to her position, the U.S. should observe its national interests, and if China is an obstacle to their achievement, the relations between them should be at a minimum ...

Understanding the external business environment will help Priam Rossa to make a huge step in its expansion plans. The environmental analysis provides a framework for developing strategic options in efforts to make a significant presence in the global markets. Due to globalization, the floral market is constantly facing major changes through factors that could be controlled by the organization and those that are out of control. This implies that the operations of Prima Rossa as it seeks to expand its roses retailing business will be influenced greatly by the environment in the territories it wishes to penetrate. The following ...

(Student’s Full Name)

The relationship between the United States and China has always been a strange one. This is because the United States have always struggled with the decision has to how best to deal with or approach China. Should China be seen as a threat? Or should this country be seen as an ally? In answering whether China should be perceived as a threat, experts in US foreign relations argue that a containment policy should be used to handle China as a threat to the free world as a rising military power. A containment policy adopted by ...

Openness and free trade are one of the vital economic practices because nations can import and export products and services without the government restrictions. These limitations include tariffs, restrictions, and bans associated with exports and imports. In developing countries there stand to befit a lot from the free trade because of their low levels in the standard of living and availability of resources. Developing nations have room for expansion in their economies through agreements involving strategic free trades. These are some of the benefits of free trade. Improved living standards: as a result of free trade, the citizens of ...

Macroeconomics: The State of U.S. Trade Policies and the GDP

Introduction

According to a report published in the Washington Post said" 20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike. In the U.S. and Europe consumers have their pick of inexpensive items made by people thousands of miles away whose pay was much lower than theirs. And in time trade barriers would drop to support even more multinationals expansion and economic gains while geo political cooperation would flourish"( Collins,2015). This statement clearly implies that globalization is beneficial for ...

Significant Distinctions between Economic Growth and Economic Development

Economic growth measures the amount of money that is changing hands in the economy. It thus refers to the rise in the value of everything that is produced in the economy. Growth takes place when the worth and number of commercial transactions increase in the economy. Economic expansion does not factor in the magnitude of the informal financial system. The informal financial system which is also the black financial system is an economic action that is unrecorded. Economic growth gauges an increase in real Gross Domestic Product (GDP). It can therefore be expressed in terms of GDP and Gross ...

Section

A commercial flight or a common carrier one is expected to exercise the highest degree of care in its undertaking, in contrast to contract carrier operators who are only expected to perform their duties with the care expected from an average person. Thus, to prove that it is not liable, it has to show that indeed it exercised extraordinary diligence. Is the assumption of risk defense available to an airline to defend against lawsuits brought by injured passengers or the survivors of passengers killed in an airline crash? Why? No. the reason behind this is anchored on statistical evidence. ...

Introduction:

Outsourcing is a cost saving practice in which one company provides different goods and services to another company. It is used by different companies to transfer some portions of work to outside suppliers instead of completing it internally. It describes the strategic use of outside resources to perform organization's internal activities. It help the companies to get more skills and expertise from outside suppliers. Outsourcing is an act of acquiring products or services from an outside company that is known as vendor or supplier. The history of outsourcing is embedded with a history of the growth of modern technology ...

In the recent days, international trade has become a common feature of all global business enterprises. The adoption of globalization and the creation of regional trading blocs have greatly contributed to the increased international trade activities. This paper seeks to examine the interactions and relationships between the USA and Japan and Korea in the context of international trade. In the past, the US- Japan and US- Korea economic relationships have proved to be strong and mutually advantageous in various ways. These economies have a great integration through capital flows and trade in goods and services. Each country forms a ...

Soergel (2016) reported that U.S. trade gap contracted in March as exports and imports plummeted. As of March 2016, the net trade deficit was at $56.9 billion a lower figure compared to February’s $62.9 billion. Imports fell to $173.6 billion while export to $116.7 billion the least monthly tally since 2011. The smaller gap boosted the GDP of the country. Soergel noted that the international trade nearly came to a halt in February with the Baltic Dry Index falling to an all-time low indicating that few players were actively buying or selling products from the other nations. However, ...

Competitive Analysis

This study uses the interview as the mode of collecting information to determine the nature of competition of one international agency and the competitive analysis criteria employed by the business. The interview is conducted by asking the management board of the foundation questions based on the competitive advantage strategies used by the company. The international trade in this interview is the Ford Company. This interview was conducted on a face to face situation. The meeting took thirty minutes. The individual interviewed was an employee of the Ford Company and basically in the department of strategic management and policy formulation. ...

Executive Summary

This is an inclusive marketing plan with a primary objective to raise awareness and raise funds and thereby helping OXFAM achieve its core objectives in the market. OXFAM is an organization that works in different countries to eradicate poverty and various social injustices. The market name is OXFAM organization which is based in the United States of America. The target group for this organization is the Middle East where the team tends to raise primarily awareness and raise funds. The organization is a non-governmental organization that primarily aims at improving the living standards of the less fortunate in the ...

Vehicles and Auto Parts Exportation to Canada

Vehicles and Auto Parts Exportation to Canada

Introduction

The products to be exported are vehicles and auto parts. They are being exported to Canada. A large percentage of imports in Canada come from the automotive imports originating from the United States. Canada spends an estimated 19 billion dollars on importing automotive from the United States (Transport Canada, 2016). Also, three quarters of the cars being used in Canada are imported from the United States. It means that Canada has a large market for the automotives. A larger percentage of the companies in the automotive industry comprise of assembling firms. The ...

Historiography about how the U.S. and Germany went from allies to enemies from 1871-1918

Introduction Today, the German and the US diplomatic relations are becoming more solid that it was initially in the entire of Europe. The USis beginning to have confidence that they can establish a lasting diplomatic relationship with Germany after their long separation since the World War II. It has not been an easy journey for both countries as historical scholars have studied. The two countries share the same level of enthusiasm and western civilization despite the difference in geographic location. It is also interesting to ...

Question two

Totalitarianism Totalitarianism is a political structure whereby the state does not recognize the limitation of its authority from any sector and it monopolizes power hence regulating all aspects in its jurisdiction such as the public and the private perspectives. This kind of political system is characterized by some elements which are opposed to a democratic environment. Totalitarianism is associated with autocratic were nobody can resist the power and authority of the president since that is a criminal issue highly punishable by law (ppt.2).

Features of totalitarianism

Absolute military control is an aspect which is experienced in Totalitarian State whereby citizens are not ...

There are various trade barriers in the food retail industry in the United Arab Emirates. Most of these trade barriers are usually directed to the foreign multinational companies trying to enter the market. The first barrier is the food standards set by the United Arab Emirates. In the year 2008, UAE joined the gulf standards, which is an organization that develops the various food standards (Anderson et al., 2010). The organizations set standards and rules relating to labelling standards and shelf life. These regulations are normally made possible through the various committees such as the organic food and biotechnology ...

The United States has prospered for many years now with the evolution of international trade. The reason that the United States has been forced to engage in international trade is that our fine nation does not have every resource available for an affordable price. Due to the population increase, the United States and other countries have been forced to look beyond their borders for viable resources. This is what has caused the globalizing world that we live in today. One of the major factors that has aided all of this is the Internet making so many different international companies ...

How has globalization affected the choices you face in your economic decisions?

In an individual level, globalization has affected the choices I make on my economies. It has affected my choices in the entire life. The areas that have been greatly affected include religion, transport, food, music, language and clothing. On a person level, I have always believed that globalization is meant for uniting the world. As a result, I have learned various foreign languages to ensure that I communicate with people from diverse languages. Learning of other people culture had affected my way of life because my clothing has transformed. In the past, I preferred a conservative way of dressing ...

Japan and Tariff-Free U.S. Rice In 2015, Japan proposed a set of 70,000-ton import quota for tariff-free U.S. rice. This quota is substantially lower than what the United States had demanded. The United States quota was 175,000 tons. Rice is one of the key issues remaining between Tokyo and Washington. Currently, Japan imports 770,000 tons of tariff-free rice on year. This is approximately 7 percent of the total amount of rice consumed. Of that volume, only 100,000 tons of rice is bought for actual consumption. The rest of the rice is designated for its use ...

Chapter One: Introduction

1.1. Background The arrival of new technologies as helped improve many aspects of life. For example, License Plate Recognition is a modern technology that has helped improve mobility and safety in transportation (Rashid, Aibinu, Rahman, Suhaimi and Yunis, 2012). Many car parks have resulted to the use of technology to help in the logistics of operating a car park. Rashid et al., (2012) argue that automatic parking systems are progressive because in addition to improving logistics, they also increase the convenience of public parking, eliminate the hassles of fee collection and also enhance the security, especially when the car ...

Trump is the leading presidential candidate of the Republican Party, and he is campaigning under the slogan of make America great again. His campaign slogan is based on several extreme economic and social policies. The economic policies of a president are mainly macroeconomics policies that affect all the components of the country’s gross domestic product. His main economic policies touch on taxes, labor supply, investments, and international trade. He looks forward to cutting individual and cooperate taxes, increasing the volume of exports, decreasing imports and increasing private investment (Trump, 1). The most popular and extreme economic policy that ...

Introduction

Gross domestic product (GDP) and Gross National Product (GNP) is the indicators of the general economic condition of a country. These indicators give a description of the general economic and financial welfare of the nation, because the higher the level of production means higher level of the country's well-being. The subject of the study of the GDP and GNP is economic units - residents, producing goods and services for the end-user over a certain period of time (Investopedia, 2003). The indicator of GDP and GNP are very important for the economy as a whole. They are used to describe ...

INVESTMENTS

Economic overview The economy of Jamaica greatly relies on services that accounts for over 70 percent of its GDP. The Nation continues to earn most of the foreign exchange from remittances, tourism and alumina/bauxite. Both tourism and remittances accounts for 30 percent each, whereas alumina/bauxite exports contribute roughly 5 percent of the GDP. The alumina/bauxite sector was the greatly affected by global downturn whereas the remittance flow and tourism industry remained resilient. The economy encounters several challenges to its growth including soaring corruption and crimes, huge-scale underemployment and unemployment as well as a debt-to-the-GDP ratio that is about 130 ...

Trade played a significant role as a factor of economic growth in the establishment and development of the economy. In terms of emerging economy the meaning of foreign nation’s welfare increases. Such economy evolves under the influence of globalization, which implies a special role of foreign trade. This is due to the fact that the traditional comparative advantages, such as the difference in the allocation of countries of production factors, monopoly on natural resources and geographical conditions, and those associated with innovation processes, new technologies, with the choice of the consumer, its level income. At the same time ...

Protectionism leads to a closed market while trade liberalization leads to a free trade open market. Governments use tariffs to try and regulate the level of services between countries. Ford has undertaken several efforts to avoid paying tariffs on their imported wagons. To start with, not all goods that come into the United States of America are subjected to tariffs. Seventy percent of imports are free of the duty while only the other thirty percent are dutiable (Carbaugh). The wagon components are made in the country and shipped outside the country to another nation that has lower labor costs. ...

There are different approaches to define small economies. Besides usual quantitative ways to measure country’s smallness by its population, territory, GDP and other criteria, there some qualitative factors that are used to define the economy’s scale. Some economists state that small economies are those that adopt “price taking” policies as they cannot dictate their rules in the market, neither significantly influence trade rules. This peculiarity of small economies mainly lies in the fact that such countries have limited resources. Hereby, small countries are more dependent on imports and are forced to accept trade agreements offered by large ...