Business Page 6

Chinese Economic Reform
Chinese Economic Reform
Chinese Economic Reform Two years after the death of Mao Zedong in 1976, it became apparent to many of China\'s leaders that economic reform was necessary. During his tenure as China\'s premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution which had had as their bases ideologies such as serving the people and maintaining the class struggle. By 1978 Chinese leaders were searching for a solution to serious economic problems produced by Hua Guofen
Chinese Economics
Chinese Economics
Chinese Economics The social values and history have shaped and formed the economical developments and the current environment of business in the People\'s Republic of China. They have determined the patterns for negotiation and the Chinese perceptions of business, and their feelings towards westerners. The implicit and explicit rules that the Chinese society has on the development of businesses, and the economy in general, are very important issues for any person going into China to understand
Civil Action
Civil Action
Civil Action The movie brings up an interesting idea that many people in the public don\'t see or hear about very often. The idea that the big corporations often don\'t take into account the safety of the people that work for them or the people that live around the factories. These big corporations are run entirely by money and the idea of what things will cost and how much money they can possibly make. Too many times money is more important than the lives of human beings and the people that ru
Coca-Cola Company
Coca-Cola Company
Coca-Cola Company The Coca-Cola company started out as an insignificant one man business and over the last one hundred and ten years it has grown into one of the largest companies in the world. The first operator of the company was Dr. John Pemberton and the current operator is Roberto Goizueta. Without societies help, Coca-Cola could not have become over a 50 billion dollar business. Coca-Cola was invented by Dr. John Pemberton, an Atlanta pharmacist. He concocted the formula in a three legged
Depreciation
Depreciation
Depreciation Information about cash flows can influence decision makers in many ways . For example , if a company’s regular operations bring in more cash than it uses , investors will value the company higher than if property and equipment must be sold to finance operations . Information about cash flow can help creditors decide whether a company will have enough cash to pay its debts as they mature. Management and investors use cash flow information to evaluate a company’s ability to meet unex
Economic Growth US
Economic Growth US
Economic Growth US Economic growth can be defined as increases in per capita real GDP (gross domestic product) measured by its rate of change per year. Growth rates are very important because even a small change can make vast difference in the coming years. The knowledge of economic growth is also important because it can provide the means to allow us to gain valuable insights. According to Robert D. McTeer, president and chief executive officer of the Federal Reserve Bank of Dallas, two factor
Economic Growth
Economic Growth
Economic Growth Economic growth refers to the rate of increase in the total production of goods and services within an economy. Economic growth increases the productivity capacity of an economy, thereby allowing more wants to be satisfied. A growing economy increases employment opportunities, stimulates business enterprise and innovation. A sustained economic growth is fundamental to any nation wishing to raise its standard of living and provide a greater well being for all. Gross domestic prod
Economic Indicators
Economic Indicators
Economic Indicators The million (or should we say \'billion\' now) dollar question is whether or not the United States\' economy will stay in it\'s record 107 month expansion (according to the index of leading indicators) or come out of the boom and take a downturn into a recession. Nobody, including the Chairman of the Federal Reserve, Alan Greenspan has a crystal ball to provide insight as to what will happen if interest rates are raised, lowered, or left alone. However, Economists have devel
Economic Naturalist
Economic Naturalist
Economic Naturalist WHY COMPANY GIVES OUT COMPLIMENTARY CALENDARS? We always associate the month of December with flood season especially in Kelantan & Terengganu. December also normally become a vacation period for most of Malaysians as this time of the year coincide with school holiday and people are finishing off their annual leaves to be with their family. You might be wondering what December has to do with the economy? How about calendar? People are normally looking for calendar for incomi
Economic Regulation
Economic Regulation
Economic Regulation The U.S and the world economy like everything else have its ups and downs. The government plays a crucial role in deciding how the economy will set over time. An Economist by the name of John Maynard Keynes felt that if either inflation or unemployment got out of hand, the government could adjust the business cycle to balance the economy. Keynes was more geared toward the bigger picture and focused on macroeconomics. His work led to the government and many economists believi
Economy And Environment
Economy And Environment
Economy And Environment Whether it be through intensified media attention, or due to the efforts of prominent scientists and other members of society, we have become increasingly aware of the detrimental effects that technological advances in industry and agriculture have on the global environment. However, as Carl Sagan points out in Pulling the Plug on Mother Earth awareness is not enough, nor is society’s response to the catastrophic implications of environmental pollution rapid enough. Sl
Electric Power Industry
Electric Power Industry
Electric Power Industry The roots of modern day regulation can be traced all the way back to the late 1800\'s and found in the form of antitrust. By the beginning of the 20th century, the U.S. government had formed the interstate Commerce Commission to regulate the railroad industry, and shortly thereafter, many other regulatory commissions were founded in the transportation, communication, and securities fields. The main goal of these regulatory commissions was to create a reasonable rate stru
Ethics And Economics
Ethics And Economics
Ethics And Economics The term ethical and economics should never be put into the same sentence. They are almost oxymoronic in the sense that in order for one to succeed on an economic level, ethics are usually never involved. America as we have come to know it is a world full of mice and snakes. The mice are those in society who voluntarily choose to live off of the prosperous, as the snakes go out and get their prey. The capitalistic society we live in known as America is truly what we make of
Euro Money
Euro Money
Euro Money To most people in the United States hearing the word Euro brings about blank stares. Ask this same question in England or another European country and it means bringing Europe together under one common currency. The Euro can be defined as the common monetary system by which the participating members of the European Community will trade. Eleven countries Germany, France, Spain, Portugal, Ireland, Austria, the Netherlands, Belgium, Luxembourg, Finland and Italy will comprise the Europe
European Union
European Union
European Union The managed exchange rate system deals with trade rate between countries. Managed rates assume that one country sets the monetary policy, takes the exchange rate that is given, and assumes the other country will go along with that rate. The other country then tries to reduce inflation by setting their own exchange rate. The managed exchange rate system slows down exchange-rate movement through the foreign trade market intervention. The whole purpose behind the European Union is t
Farm Subsidies
Farm Subsidies
Farm Subsidies Subsidies are payments, economic concessions, or privileges given by the government to favor businesses or consumers. In the 1930s, subsidies were designed to favor agriculture. John Steinbeck expressed his dislike of the farm subsidy system of the United States in his book, The Grapes of Wrath. In that book, the government gave money to farms so that they would grow and sell a certain amount of crops. As a result, Steinbeck argued, many people starved unnecessarily. Steinbeck ex
Farming Problems
Farming Problems
Farming Problems The complexion of farming is changing radically. The land cannot support as many farm families as it did in an earlier time. Small farms are being consolidated into larger ones. General farms, with several kinds of crops and a barnyard of farm animals, are yielding to specialty farms that concentrate on a single major crop. Family farms are declining; corporate farms are increasing. Efficiency is growing. Crops are changing. Techniques are improving. Just as the train, tractor,
Federal Reserve System
Federal Reserve System
Federal Reserve System Why do a report on the Federal Reserve System? This is a question I went over in my head while making a decision on the type of report to do, and what I wanted to learn more about and why. Over the past few years I have realized the impact that the Federal Government has on our economy, yet I never knew enough about the subject to understand why. While taking this Economics course it has brought so many things to my attention, especially since I see inflation, gas prices,
Free Market Defense
Free Market Defense
Free Market Defense Ludwig von Mises: Defender of the Free Market Ludwig von Misis thoughts on human behavior, socialism, and money and credit have had a major impact on economic thought. He championed true free markets and is seen as a defender of liberty. Former President of the United States Ronald Reagan said Ludwig von Mises was one of the greatest economic thinkers in the history of Western Civilization. Through his seminal works, he rekindled the flames of liberty. As a wise and kindly m
Future Technology
Future Technology
Future Technology People often think that future is all about flying cars, robots and space travelling. Maybe it will be like that, who knows, but at least until this day the changes haven’t been remarkable. Companies are all the time investing more money on research and development. This indicates that companies and government are interested to achieve and find new technological inventions that would change the markets. All ready one of the computer related inventions, Internet, has changed th
Government Spending
Government Spending
Government Spending As many Federal departments and agencies lurch into an era of running without funds, the leaders of both parties of Congress are spending less and less time searching for a compromise to balance the budget, and more and more time deciding how to use it to their advantage on the campaign trail. Meanwhile money is easily borrowed to pay for government overhead. In an attempt to change this, on June 29, Congress voted in favor of HConRes67 that called for a 7 year plan to balan
Great Depression Effects
Great Depression Effects
Great Depression Effects Many times throughout history the United States has undergone economic depression. The most recognized period of economic depression is called the Great Depression. The Great Depression is well known because of the seriousness of the stock market crash. The results of the crash were more serious than any other crash throughout American History. The Great Depression caused a change in the nature of the American family, an increase in poverty, and President Herbert Hoover
Great Depression
Great Depression
Great Depression The Great Depression was the worst economic slump ever in U.S. history, and one that spread to virtually the entire industrialized world. The depression began in late 1929 and lasted for about a decade. Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920\'s, and the extensive stock market speculation that took place during the latter pa
Hayek And Business Cycle
Hayek And Business Cycle
Hayek And Business Cycle Friedirch August von Hayek was born in Vienna on May 8, 1899 and died on March 23, 1992, in the city of Freiburg in Breisgan in Germany. Hayek was a central figure in 20th-century economics and he represented the Austrian tradition. After Hayek served military service, he became a student at the University of Vienna where he got his doctorate in law and political science. In 1923-4, Hayek visited New York and then returned to Vienna where he continued his work. Hayek be
History Of Asian Economies
History Of Asian Economies
History Of Asian Economies Korea was one of the poorest countries in world after experiencing two wars. World War II and Korean war (1950 1953). The country even experienced a food shortage so that it had to heavily rely on the foreign aid. Yearly per capita consumption was a mere $88 as late as 1965. However, since 1965, Korea has been transformed from its underdeveloped agricultural economy to a leading Newly Industrializing Country. Between 1965 and 1981, its gross national product GNP multi
History Parallels In Economy
History Parallels In Economy
History Parallels In Economy As one can see there are many striking parallels between the Gilded Age or the era from the eighteen eighties to the eighteen nineties compared to the Silicon Age of the nineteen eighties to the nineteen nineties. The preconditions for these two massive economic booms share similar birth paths laid in laissez faire policy, no regulation or deregulation and innovative booms. Before the 1880\'s there was no real conflict between the welfare of the American people and
In Search Of Excellence
In Search Of Excellence
In Search Of Excellence In Search of Excellence is a book dealing with many different principles of economics and what makes big business\' excellent. The first idea that Peters discusses is his chart of the McKinsey 7-S Framework. The graph is very simple but the ideas are fairly complex. In their research, they found that their philosophies were too hard to explain and easily forgettable. They made this Framework to deal with strategy, structure, style, systems, staff (people), skills, and sh
Industrial Revolution
Industrial Revolution
Industrial Revolution One of the most significant personality changes that has occurred in the world took place during the 1700’s to the early 1800’s; the Industrial Revolution. It is described as a time of drastic change from hand made items to machine made goods. This meant basically that people had to learn how to manufacture goods in enormous factories instead of cultivating them from the land. The Industrial Revolution began in England because of their large demand for coal and iron. And s
Inflation Evaluation
Inflation Evaluation
Inflation Evaluation Today it is almost impossible to pick up a financial journal without seeing news on the bull market that some consider to be overvalued. Overvalued or fairly valued, only the future will show the truth. Either way, this market is one that has shown greater run ups and returns, than any other market in history. (Reference Appendix #1a) Recently the Dow Jones Industrial Average has reached historical highs and then receded back to previous levels, leaving investors who are us
Intel Corporation
Intel Corporation
Intel Corporation A corporation is a business that, although owned by one or more investors, legally has the rights and duties of an individual. Corporations have the right to buy, sell, and own property. Corporations may make legal contracts, hire and fire workers, set prices, and be sued, fined, and taxed. A business must obtain a charter of incorporation from a state legislature or Congress to be legally recognized as a corporation.(Watson, p211) While corporations didn\'t exist until the
International Financial System
International Financial System
International Financial System The international financial system has been radically altered since the worldwide depression of the late 1920’s and early 1930’s. This change is due in large part to the inception of the International Monetary Fund (IMF) and its subsequent control over the international financial system. In this paper I will examine the extensive role of the Bretton Woods system of exchange rates and the gold standard. Additionally, I will examine the role that the IMF has taken o
International Monetary Fund
International Monetary Fund
International Monetary Fund The International Monetary Fund is an important function that makes world trade less strenuous. The International Monetary Fund, or IMF as it is called, provides support and supervision to nations in all stages of economic progress. International trade is a key element to enable nations, large and small, to strengthen their economic positions. Larger nations need the international market to export their goods and services, and smaller nations also need this world scal
Internet And Economy
Internet And Economy
Internet And Economy The internet, the world wide data connection that has caught on like a wild fire sweeping through a parched California forest, has wide ranging implications on our world economy. Locally, we have witnessed staggering swings of fortune in more dot-com firms than any other form of business in American history. The old adage of that American Dream - starting a business in the garage to see it one day be listed on the stock exchange is truer now than at any other time in ou
IT Industry
IT Industry
IT Industry There are many changes that occurred in the industrial organization of interexchange telecommunication services in the United States during the 1985-1995 period. Let’s look at the general idea of Telecommunications. It is the two-way exchange of info in the form of voice or data messages between tow users at distinct geographic locations (5, 7). The two-way exchange is now a numerous way exchange through the use of computers and the Internet. There are four important areas of the te
Japan's Rise
Japan's Rise
Japan\'s Rise Japan is one of the world\'s leading economic powers when concentrating on its Gross Domestic Product of four point two trillion United States dollars. Its economy is only second to the United States in terms of production. However, Japan has not always contained a relatively strong economy. The Japanese\'s economic strategies have boosted economy to new heights since its fall during the second world war because of their unorthodox manner of business etiquette, innovative strategy,
Keynesian Economics
Keynesian Economics
Keynesian Economics Two controversial economic policies are Keynesian economics and Supply Side economics. They represent opposite sides of the economic policy spectrum and were introduced at opposite ends of the 20th century, yet still are the most famous for their effects on the economy of the United States when they were used. The founder of Keynesian economic theory was John Maynard Keynes. He made many great accomplishments during his time and probably his greatest was what he did for Amer
Labor Unions
Labor Unions
Labor Unions A labor union is as defined in the dictionary, an organization of wage earners formed for the purpose of serving the members\' interests with respect to wages and working conditions. Today there are about 16 million workers in the U.S. that belong to a labor union. The pressure upon the employers to raise wages and improve working conditions in a major goal of the labor unions. Labor unions have been around for a long time. The earlier unions were called craft unions, consisting of
Laissez-faire Economy
Laissez-faire Economy
Laissez-faire Economy Concept of the Invisible Hand in a Laissez-faire economy By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of it. Adam Smith, Inquiry into the Nature and Causes of the Wealth of Nations 1776. What
Loan Request Evaluation
Loan Request Evaluation
Loan Request Evaluation This report introduces a procedure that can be used to analyze the quantifiable aspects of commercial credit requests. The procedure incorporates a systematic interpretation of basic financial data and focuses on issues that typically arise when determining creditworthiness. Cash flow information is equally important when evaluating a firm’s prospects. Reported earnings and EPS can be manipulated by management debts, are repaid out of cash flow not earnings. The basic ob
Marxist Theory
Marxist Theory
Marxist Theory Introduction to Marxist theory on history Historical Materialism: the marxist view of history The history of all hitherto existing society is the history of class struggles. Freeman and slave, patrician and plebeian, lord and serf, guild-master and journeyman, in a word, oppressor and oppressed stood in constant opposition to each other, carried on an uninterrupted, now hidden, now open fight, a fight that each time ended, either in a revolutionary reconstitution of society at la
McDonalds in Moscow
McDonalds in Moscow
McDonalds in Moscow Describe at least 5 American Marketing Techniques, utilized by Russians that you believe enhanced the productivity of the enterprise . 1. McDonalds in Russia was a joint Canadian-Russian venture, in which the appointed president was a Russian person. It was done first of all because Russian businessmen know all the specific aspects of doing business in Russia, and second of all in order to show the public that Russians play a major role in this venture. 2. Moscow was chosen
Mexican Economy
Mexican Economy
Mexican Economy Mexico was the site of some of the earliest and most advanced civilizations in the western hemisphere. The Mayan culture, according to archaeological research, attained its greatest development about the 6th century AD. Another group, the Toltec, established an empire in the Valley of Mexico and developed a great civilization still evidenced by the ruins of magnificent buildings and monuments. The leading tribe, the Aztec, built great cities and developed an intricate social, po
Microsoft And Monopoly
Microsoft And Monopoly
Microsoft And Monopoly America\'s century-old antitrust law is increasingly irrelevant to our modern global information technology market. This law is obsolete, in accordance to the current Microsoft situation, because in the past there wasn\'t technology as there is now. Recently the government has been accusing Microsoft as being a monopoly. Techno-Optimists claim that efforts by government to promote competition by restraining high-tech firms that acquire market power will only stifle comp
Microsoft And Monopoly
Microsoft And Monopoly
Microsoft And Monopoly This paper will show my opinion of Microsoft being branded a monopoly. I feel this example shows supply and demand in addition to monopolistic competition. This entire ordeal is over a free browser that Microsoft includes with windows for free and gives out on the internet for free just as Netscape and most other browser companies do. The government feels that Microsoft is creating a demand purely for their products by forcing its browser on suppliers and controlling pric
Microsoft Case
Microsoft Case
Microsoft Case As far as I\'ve seen, this entire ordeal is over a FREE browser that Microsoft includes with windows for FREE and gives out on the internet for FREE just as Netscape and most other browser companies do. I have yet to see where Microsoft is charging extraordinary prices for any of these FREE programs nor do I see how Netscape, in using the governments definition, a monopoly itself, is being forced out of business by Microsoft’s FREE browser. Remember: the charge is against inc
Modern Technology
Modern Technology
Modern Technology In an era where human progress is soaring at a dizzying rate, society must adapt its technology to solve current world issues. In a world where the Internet, cell phones and notebook computers are becoming a necessity for everyday living, we often forget about those who still suffer attempting to meet their basic needs, including clean water, food and health care. It is time for the developed world to use their technology to help those who can not help themselves. By using the
Monetary Policy
Monetary Policy
Monetary Policy U.S. monetary policy affects all kinds of economic and financial decisions people make in this country—whether to get a loan to buy a new house or car or to start up a company, whether to expand a business by investing in a new plant or equipment, and whether to put savings in a bank, in bonds, or in the stock market, for example. Furthermore, because the U.S. is the largest economy in the world, its monetary policy also has significant economic and financial effects on other co
NAFTA
NAFTA
NAFTA Mexico and the United States along with Canada have entered into a trilateral free trade agreement called the North American Free Trade Agreement otherwise known as NAFTA. NAFTA has got to be the largest trading agreement in history; the agreement creates a single market of 370 million consumers. The people of NAFTA talk about potential gains from increased free trade between Mexico and the U.S. as the two countries remove tariffs, other trade barriers and restrictions on investment so th
NAFTA
NAFTA
NAFTA On January 1, 1994, Canada, Mexico and the United States passed the North American Free Trade Agreement (NAFTA). Promoted to Congress by the Clinton administration, with the assurance that it would give rise to more jobs - exactly how many though, is not precisely known. Yet, according to the Journal of Commerce, the U.S. went from having a $5.5 billion trade surplus with Mexico before NAFTA, to having a massive $16 billion trade deficit today. At the same time, it is estimated that 400,0
NBA Lockout
NBA Lockout
NBA Lockout The National Basketball Players Association lockout greatly affected the United States economy. Greedy team owners and greedy players fighting over large amounts of money caused the lockout. In March of 1998, team owners felt that they were paying players too much money, causing clubs to lose money, so they voted to reopen discussions on the collective bargaining agreement. The players on the other hand felt that any team financial problems were the owners doing, not how much money