Government Page 7

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 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 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
Environmental Taxes Do you reconcile the introduction of environmental-based tax rate differentiation as well as new environmental taxes with the traditional objectives of fiscal reform: tax simplification, fiscal neutrality (not affecting behavior)? A1. This has to be done very carefully, as introducing new taxes that are related to the environment, can dramatically affect people’s behavior. If you levy new taxes on vehicles that produce high amount of pollution, like Sport Utility vehicles pe
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 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
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 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 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,
Flat Tax Issue The article on the Flat Tax system was actually one that I could relate to in terms of personal taxes. I have heard of this ‘new’ system over the last five or six years, but I still have yet to see any type of action for implementation with this system. Before becoming ‘enlightened’ about the new system through this article, I believed that the Flat Tax needed to be adopted by our government and adopted immediately. The thought of only paying fifteen percent to taxes is something
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 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
German Economy The Federal Republic of Germany’s economy has now flourished despite its harsh times that have been faced throughout the decades. Most people know about Germany from its historic involvement in World War II; its successful campaign to unite East and West with the successful collapse of the Berlin Wall; and its world class development and production of automobiles. Unfortunately, what most people don’t know is that Germany continues to fight an uphill battle in keeping its establi
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 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 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
Harrod-Domar Model The Harrod-Domar Model is the simplest and best-known production function used in the analysis of economic development. This model explains the relationship between the growth and unemployment in advanced capitalist societies. However, the Harrod-Domar Model is used in developing nations as an easy way of looking at the relationships between growth and capital requirements. This model does explain the differences in growth performances between countries. The model allows you
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
Income Inequality Income inequality in the United States remained relatively stable for a period of nearly forty years. Beginning in the 1970’s, however, this period of stability ended, as the first signs of widening income inequality became apparent. Over the course of the 1970’s and 1980’s, an increasingly clear trend toward greater income inequality emerged. By the end of the 1980’s, the top 20 percent of workers were receiving the largest share of income ever recorded by government figures,
Indian Economy India is located in the southern part of Asia and is also south of the Himalayan Mountains. This southern peninsula has the largest mineral deposits and the largest cultivable land in the continent. The population of India is critically large and although nearly all people are Hindu, some are of other religious denominations. The life of the Indian people is usually ruled by their caste system, but the system is not as firm as it was years ago. India has a mixed economy. The diff
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
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 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 Marketplace America is increasingly connected to the rest of the world as a global economy becomes more important. We participate in the international marketplace both as providers of goods and as consumers. How we buy and sell affects us both in terms of what goods we can choose from, but also what jobs are available, and what kinds of industries will come to dominate our economy. One of the most important changes in recent years in our place in the global economy is the dropping
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
Israel Foreign Policy Israel is located in the Middle East, along the eastern coastline of the Mediterranean Sea, bordered by Lebanon, Syria, Jordan and Egypt. It lies at the junction of three continents: Europe, Asia, and Africa. Long and narrow in shape the country is only 290 miles in length and 85 miles in width at its widest point. Israel is a country of immigrants. Since its creation in 1948, the population has increased seven-fold. Today, its over six million inhabitants represent many d
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,
Karl Marx Human relationships have always been dynamic. Change and adaptability have gone hand in hand with the passage of time for human society. Systems have been developed to regulate, direct and control the resources of this society. The systems are referred to as governments and the resources as the populace or inhabitants and forces of production. A government must be dynamic in its nature reflecting the change in society. At times these systems have resisted the necessity to adapt with i
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 What do you think of when you hear the phrase "labor unions?" Most people associate a negative connotation with labor unions. They think that labor unions are the only cause of strikes and work stoppages. Most think that people in unions are greedy and will do anything to get more money. Others swear by their unions, saying that their employers would take advantage of them if they didn’t organize their unions. However as we prepare to enter the new millennium, labor unions are decr
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 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
Maquiladoras What role does maquiladora play in the development of a country? Why is this phenomenon seen as a new phase in capitalist development? Is this a reasonable claim? The role that the maquila plays in the development of a country is an interesting topic to discuss. To understand the role that maquiladoras play, one must first gain an understanding of the original purpose of the maquila. Then, by studying the evolution of the maquiladora to a big manufacturing base, one may have a bett
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 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
Medicare Debate The U.S. government have denied that Medicare has been going bankrupt. Although the government may say that Medicare has plenty of money it is untrue because it is a fact that Medicare will go bankrupt by the year 2001 as stated by preliminary sources. Medicare is one of the main sources of funding for those people that have no money or very small amount of money. The community service that was done for this research paper is hospital volunteering at John Muir Medical Center. Th
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 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 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 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
Modernization Modernization can be interpreted as growth of a nation in all areas (i.e. social, economic, political), for example, the aim is ‘development of national forms of polity, the objects of which are to increase the social product with fair shares for all. Successful models now include Japan and the Soviet Union’ (Apter 1965, Preface). Although this definition is outdated, as the inclusion of the Soviet Union (no longer in existence and with serious economic and social problems persisti
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 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 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
Nuclear Power Most of the world\'s electricity is generated by either thermal or hydroelectric power plants. Thermal power plants use fuel to boil water which makes steam. The steam turns turbines that generate electricity. Hydroelectric power plants use the great force of rushing water from a dam or a waterfall to turn the turbines. The majority of thermal power plants burn fossil fuels because thermal power plants are cheaper to maintain and have to meet less of the governments requirements c
Oil And Gas The economy is affected by many factors that determine if it is strong or weak. These factors have to do with buyers consuming goods and services and at what rate they do this. Do the goods and services that are consumed by people created wealth, jobs and a better overall economy for a country. Throughout history some economies have evolved faster and stronger than others. Policies that the government places on industry, technology and the environment can all affect the prosperity o
Pakistan My topic deals with Pakistan, its relationship with the IMF and World Bank, and its internal problems that are causing unemployment, poverty, economic crisis and hunger. I shall be analyzing the situation using the neo-classical theory, as it is what the economists of the Pakistan government and the IMF are using to alleviate the economic instability of the country. Situated in the sub-continent, Pakistan is a low-income country, with great promise for growth. Unfortunately, it is held
Pollution Control In Las Vegas. Two approaches have been used to control pollution? Government mandates and market incentives. Suggest how market incentives might be used to deal with a pollution problem in Las Vegas. I find this topic to be very interesting, not only because it concerns all of us living in Las Vegas, but because we are also part of the problem. Pollution is not a laughing matter, and it has been strongly fought, without much success, in Southern Nevada in the past several year
Presidential Election 2000 As generations pass, and times change, the people of the United States change as well. What may have been a major issue in the 1980 election might not even concern voters in 2000. Economic issues are continually changing with the times. Each election develops its own "personality." Despite agreeing on some issues, the four major [now just two] candidates in the upcoming 2000 presidential election hold different opinions on three major economic issues: tax reform, heal
Privatization Of Telstra What are the advantages of privatizing Telstra and how does this impact it\'s ethical conduct while striving to satisfy community expectations? I believe that putting important public assets into select private hands is not in Australia\'s long-term interests, and oppose the partial/full sale of Telstra for the reasons that the Government has given. The argument the Government has given for the privatization and corporatisation of Telstra has been a budget conscious one