Free Essays on International Marketing

Chupa Chups Vending: â€Å"Choose Your Own Flavor† For the past 5 years Andrew Lewis had been employed by the confectionary company Chupa Chups S.A., based in their Barcelona headquarters as area manager responsible for commercial and marketing activity in European markets. After 6 years of marketing experience with multinational consumer goods companies Andrew Lewis left Chupa Chups due to internal reorganization. Andrew still had many good friends at the company and had been asked to stay on as a marketing director for a subsidiary but declined for personal reasons. Directly after leaving Chupa Chups Andrew was asked to join a large Catalan alcoholic beverage company. The firm is a leader in their industry and has significant international sales. The job was based in Barcelona (now his primary/only residence) and would focus on international marketing. Three weeks before he was offered the job with the beverage company, Andrew entered discussions with a small Spanish manufacturing company named Discapa. Discapa manufactures vending equipment, and had just recently introduced a new lollipop vending machine, which was marketed in collaboration with Chupa Chups. Discapa wanted Andrew to be a freelance agent heading commercialization of the lollipop machine. Chupa Chups S.A. is a Spanish confectionery company founded in 1958 by Enric Bernat. Bernat researched the fact that 2/3 of all candy was consumed by children under the age of 16. Those children were getting messy and their parents were having a difficult time giving them candy. Bernat created a universal treat comparable to, â€Å"eating a sweet with a fork.† Bernat expanded his organization internationally throughout the 1970’s with great success. By 2001 Bernat had taken Chupa Chups to some 125 countries! Two partners in Calaf, a small town outside of Barcelona, founded Discapa in 1992. The company was established to manufacture and sell vending machines. The... Free Essays on International Marketing Free Essays on International Marketing Chupa Chups Vending: â€Å"Choose Your Own Flavor† For the past 5 years Andrew Lewis had been employed by the confectionary company Chupa Chups S.A., based in their Barcelona headquarters as area manager responsible for commercial and marketing activity in European markets. After 6 years of marketing experience with multinational consumer goods companies Andrew Lewis left Chupa Chups due to internal reorganization. Andrew still had many good friends at the company and had been asked to stay on as a marketing director for a subsidiary but declined for personal reasons. Directly after leaving Chupa Chups Andrew was asked to join a large Catalan alcoholic beverage company. The firm is a leader in their industry and has significant international sales. The job was based in Barcelona (now his primary/only residence) and would focus on international marketing. Three weeks before he was offered the job with the beverage company, Andrew entered discussions with a small Spanish manufacturing company named Discapa. Discapa manufactures vending equipment, and had just recently introduced a new lollipop vending machine, which was marketed in collaboration with Chupa Chups. Discapa wanted Andrew to be a freelance agent heading commercialization of the lollipop machine. Chupa Chups S.A. is a Spanish confectionery company founded in 1958 by Enric Bernat. Bernat researched the fact that 2/3 of all candy was consumed by children under the age of 16. Those children were getting messy and their parents were having a difficult time giving them candy. Bernat created a universal treat comparable to, â€Å"eating a sweet with a fork.† Bernat expanded his organization internationally throughout the 1970’s with great success. By 2001 Bernat had taken Chupa Chups to some 125 countries! Two partners in Calaf, a small town outside of Barcelona, founded Discapa in 1992. The company was established to manufacture and sell vending machines. The...

The Partition of India and Creation of Pakistan

The Partition of India and Creation of Pakistan The Partition of India was the process of dividing the subcontinent along sectarian lines, which took place in 1947 as India gained its independence from the British Raj. The northern, predominantly Muslim sections of India became the nation of Pakistan, while the southern and majority Hindu section became the Republic of India. Fast Facts: the Partition of India Short Description: At the time of Indian independence from Great Britain, the subcontinent was broken into two partsKey Players/Participants: Muhammed Ali Jinnah, Jawaharlal Nehru, Mohandas Gandhi, Louis Mountbatten, Cyril RadcliffeEvent Start Date: End of World War II, the ouster of Churchill, and the ascension of the Labour Party in BritainEvent End Date: Aug. 17, 1947Other Significant Dates: The Jan. 30, 1948, the assassination of Mohandas Gandhi; Aug. 14, 1947, the creation of the Islamic Republic of Pakistan; Aug. 15, 1947, the creation of the Republic of IndiaLittle-Known Fact: In the 19th century, sectarian Muslim, Sikh, and Hindu communities shared Indias cities and countryside and cooperated to force Britain to Quit India; it was only after independence became a potential reality that religious hatred began to roil.   Background to Partition Beginning in 1757, the British commercial enterprise known as the East India Company ruled parts of the subcontinent beginning with Bengal, a period known as the Company Rule or Company Raj. In 1858, after the brutal Sepoy Rebellion, the rule of India was transferred to the English crown, with Queen Victoria proclaimed as Empress of India in 1878. By the latter half of the 19th century, England had brought the full force of the Industrial Revolution to the region, with railroads, canals, bridges, and telegraph lines providing new communication links and opportunities. Most of the jobs created went to the English; much of the land used for these advances came from the farmers and were paid for by local taxes.   Medical advances under the Company and British Raj, such as smallpox vaccinations, improved sanitation, and quarantine procedures, led to a steep rise in population. Protectionist landlords depressed agricultural innovations in the rural areas, and as a result, famines broke out. The worst was known as the Great Famine of 1876–1878, when between 6–10 million people died. Universities established in India led to a new middle class, and in turn, social reform and political action began to rise.   The Rise of Sectarian Separation   In 1885, the Hindu-dominated Indian National Congress (INC) met for the first time. When the British made an attempt to divide the state of Bengal along religious lines in 1905, the INC led huge protests against the plan. This sparked the formation of the Muslim League, which sought to guarantee the rights of Muslims in any future independence negotiations.  Although the Muslim League formed in opposition to the INC, and the British colonial government attempted to play the INC and Muslim League off one another, the two political parties generally cooperated in their mutual goal of getting Britain to Quit India. As British historian Yasmin Khan (born 1977) has described,  political events were to destroy the long-term future of that uneasy alliance.   In 1909, the British gave separate electorates to different religious communities, which had the outcome of hardening of boundaries among the different sects. The colonial government emphasized these differences, by such activities as providing separate restroom and water facilities for Muslims and Hindus at the railway terminals. By the 1920s, a heightened sense of religious ethnicity became apparent. Riots broke out at such times as during Holi festival, when sacred cows were slaughtered, or when Hindu religious music was played in front of mosques at prayer time.   World War I and Afterward Despite the growing unrest, both the INC and the Muslim League supported sending Indian volunteer troops to fight on Britains behalf in World War I. In exchange for the service of more than one million Indian soldiers, the people of India expected political concessions up to and including independence. However, after the war, Britain offered no such concessions. In April 1919, a unit of the British Army went to Amritsar, in Punjab, to silence pro-independence unrest. The units commander ordered his men to open fire on the unarmed crowd, killing more than 1,000 protesters. When word of the Amritsar Massacre spread around India, hundreds of thousands of formerly apolitical people became supporters of the INC and the Muslim League. In the 1930s, Mohandas Gandhi (1869–1948) became the leading figure in the INC. Although he advocated a unified Hindu and Muslim India, with equal rights for all, other INC members were less inclined to join with Muslims against the British. As a result, the Muslim League began to make plans for a separate Muslim state. World War II World War II sparked a crisis in relations between the British, the INC, and the Muslim League. The British government expected India once again to provide much-needed soldiers and material for the war effort, but the INC opposed sending Indians to fight and die in Britains war. After the betrayal following World War I, the INC saw no benefit for India in such a sacrifice. The Muslim League, however, decided to back Britains call for volunteers, in an effort to curry British favor in support of a Muslim nation in post-independence northern India. Before the war had even ended, public opinion in Britain had swung against the distraction and expense of empire: the cost of the war had severely depleted Britains coffers. The party of British prime minister Winston Churchill (1874–1965) was voted out of office, and the pro-independence Labour Party was voted in during 1945. Labour called for almost immediate independence for India, as well as more gradual freedom for Britains other colonial holdings. A Separate Muslim State The Muslim Leagues leader, Muhammed Ali Jinnah (1876–1948), began a public campaign in favor of a separate Muslim state, while Jawaharlal Nehru (1889–1964) of the INC called for a unified India. The INC leaders such as Nehru were in favor of a united India since Hindus would have formed the vast majority of the Indian population and would have been in control of any democratic form of government.   As independence neared, the country began to descend toward a sectarian civil war. Although Gandhi implored the Indian people to unite in peaceful opposition to British rule, the Muslim League sponsored a Direct Action Day on August 16, 1946, which resulted in the deaths of more than 4,000 Hindus and Sikhs in Calcutta (Kolkata). This touched off the Week of the Long Knives, an orgy of sectarian violence that resulted in hundreds of deaths on both sides in various cities across the country. Indian Independence Act of 1947 In February 1947, the British government announced that India would be granted independence by June 1948. Viceroy for India Louis Mountbatten (1900–1979) pleaded with the Hindu and Muslim leaders to agree to form a united country, but they could not. Only Gandhi supported Mountbattens position. With the country descending further into chaos, Mountbatten reluctantly agreed to the formation of two separate states.   Mountbatten proposed that the new state of Pakistan would be created from the Muslim-majority provinces of Baluchistan and Sindh, and the two contested provinces of Punjab and Bengal would be halved, creating a Hindu Bengal and Punjab, and Muslim Bengal and Punjab. The plan gained agreement from the Muslim League and the INC, and it was announced on June 3, 1947. The date for independence was moved up to Aug. 15, 1947, and all that was left was fine-tuning, determining the physical border separating the two new states. Difficulties of Separation With the decision in favor of partition made, the parties next faced this nearly impossible task of fixing a border between the new states. The Muslims occupied two main regions in the north on opposite sides of the country, separated by a majority-Hindu section. In addition, throughout most of northern India, members of the two religions were mixed together- not to mention populations of Sikhs, Christians, and other minority faiths. The Sikhs campaigned for a nation of their own, but their appeal was denied. In the wealthy and fertile region of Punjab, the problem was extreme, with a nearly even mixture of Hindus and Muslims. Neither side wanted to relinquish this valuable land, and sectarian hatred ran high.   Ravi C. The Radcliffe Line To identify the final or real border, Mountbatten established a Boundary Commission under the chairmanship of Cyril Radcliffe (1899–1977), a British judge and rank outsider. Radcliffe arrived in India on July 8 and published the demarcation line a mere six weeks later on August 17. Punjabi and Bengali legislators were to have a chance to vote on a potential split of the provinces, and a plebiscite for or against joining Pakistan would be necessary for the North-West Frontier Province.   Radcliffe was given five weeks to complete the demarcation. He had no background in Indian affairs, nor did he have any prior experience in adjudicating such disputes. He was a confident amateur, in the words of Indian historian Joya Chatterji, chosen because Radcliffe was supposedly a nonpartisan and thus apolitical actor.   Jinnah had proposed a single commission made up of three impartial persons; but Nehru suggested two commissions, one for Bengal and one for Punjab. They would each be made up of an independent chairman, and two people nominated by the Muslim League and two by the INC. Radcliffe served as both chairs: his job was to put together a rough-and-ready plan for dividing each province as soon as possible, with the fine details to be resolved later.   On Aug. 14, 1947, the Islamic Republic of Pakistan was founded. The following day, the Republic of India was established to the south. On Aug. 17, 1947, Radcliffes award was published.   The Award The Radcliffe line drew the border right down the middle of Punjab province, between Lahore and Amritsar. The award gave West Bengal an area of some 28,000 square miles, containing a population of 21 million people, of whom about 29 percent were Muslims. East Bengal got 49,000 square miles with a population of 39 million, of whom 29 percent were Hindu. In essence, the award created two states in which the ratio of the minority population was almost identical. When the reality of the Partition hit home, residents who found themselves on the wrong side of the Radcliffe line felt extreme confusion and dismay. Worse still, most people did not have access to the printed document, and they simply did not know their immediate future. For more than a year after the award was made, rumors spread through the border communities that they would wake up to find the borders had changed again.   Post-Partition Violence On both sides, people scrambled to get onto the right side of the border or were driven from their homes by their erstwhile neighbors. At least 10 million people fled north or south, depending on their faith, and more than 500,000 were killed in the melee. Trains full of refugees were set upon by militants from both sides, and the passengers massacred. On Dec. 14, 1948, Nehru and the Pakistan Prime Minister Liaquat Ali Khan (1895–1951) signed the Inter-Dominion Agreement in a desperate attempt to calm the waters. The tribunal was ordered to resolve the boundary disputes growing out of the Radcliffe Line Award, to be headed by Swedish judge Algot Bagge and two high-court judges, C. Aiyar of India and M. Shahabuddin of Pakistan. That tribunal announced its findings in February 1950, clearing up some of the doubts and misinformation, but leaving difficulties in the definition and administration of the border.   Aftermath of Partition According to historian Chatterji, the new border ruptured agricultural communities and divided towns from the hinterlands that they had habitually relied on to supply their needs. Markets were lost and had to be reintegrated or reinvented; supply railheads were separated, as were families. The result was messy, with cross-border smuggling emerging as a thriving enterprise and an increased military presence on both sides.   On Jan. 30, 1948, Mohandas Gandhi was assassinated by a young Hindu radical for his support of a multi-religious state. Separately from Indias partition, Burma (now Myanmar) and Ceylon (Sri Lanka) gained independence in 1948; Bangladesh gained independence from Pakistan in 1971. Since August 1947, India and Pakistan have fought three major wars and one minor war over territorial disputes. The boundary line in Jammu and Kashmir is particularly troubled. These regions were not formally part of the British Raj in India, but were quasi-independent princely states; the ruler of Kashmir agreed to join India despite having a Muslim majority in his territory, resulting in tension and warfare to this day. In 1974, India tested its first nuclear weapon. Pakistan followed in 1998. Thus, any exacerbation of post-Partition tensions today- such as Indias August 2019 crackdown on Kashmiri independence- could be catastrophic. Sources Ahmad, Nafis. The Indo-Pakistan Boundary Disputes Tribunal, 1949–1950. Geographical Review 43.3 (1953): 329–37. Print.Brass, Paul R. The Partition of India and Retributive Genocide in the Punjab, 1946–47: Means, Methods, and Purposes 1. Journal of Genocide Research 5.1 (2003): 71–101. Print.Chatterji, Joya. The Fashioning of a Frontier: The Radcliffe Line and Bengals Border Landscape, 1947–52. Modern Asian Studies 33.1 (1999): 185–242. Print.Khan, Yasmin. The Great Partition: The Making of India and Pakistan. New Haven: Yale University Press, 2017. Print.Wilcox, Wayne. The Economic Consequences of Partition: India and Pakistan. Journal of International Affairs 18.2 (1964): 188–97. Print.

Science in the Media Assignment Example | Topics and Well Written Essays - 500 words

Science in the Media - Assignment Example The robots would perform tasks like removal of waste, burial of dead bodies and other operations. The scientists are still in the negotiation process of whether to go on with the plan or not (John, 2014). Ebola is a viral disease that has threatened the lives of people especially in West Africa since its outbreak. The disease is very dangerous and can easily be transmitted from one party to the other. It has proved a nightmare to be managed because the health care providers have put their lives into risk while others have lost their lives. Governments and states over the world have also given grants and technical advice in the fight against to help contain the disease before spreading to other nations and coming worldwide problem like the current HIV/AIDS disease (Berger, 2013). According to the reported situation that the medical staffs are facing in Ebola strike countries, I do not think that robots can be solutions. The robotic technology is still very limited in the field of medicine. Medical care should be taken with much care as it involves processes inside the body. Robots can be used disarm bombs and drive cars which are limited levels of human capabilities. They may never be used to pick a poison inside stomachs (John, 2014). The Ebola crisis in Africa as well has also exposed considerable space between robot abilities and the requirements to manage humanitarian disasters (John, 2014). The countries experiencing the worst effects of the epidemic are not able to deploy the robots in fighting the horror disease. Instead of the use of robots, the scientist would have considered developing a vaccine and providing relevant and information about protection against the disease (Berger, 2013). Training robots to act in the human reasoning capabilities would take much time surpassing the rate at which Ebola kills. Ebola would take four weeks to kill the infected while robotic technology development would take a lot of time to be developed especially in the

Assignment Example | Topics and Well Written Essays - 500 words - 141

Assignment Example en ways in which supply management has an impact on a firm’s sales are associated the following activities that integrate business management process across the supply chain. Customer relationship management, customer service management, demand management, order fulfillment, manufacturing flow management, supplier relationship management, product development and commercialization and management of returns, all of which determine market demand and production capacity of an organization. Support for strategic supply chain management has to come from the top management of an organization because of several reasons. Firstly, strategic processes require decisions from the top management because they relate to the main objectives of an organization. Secondly, strategic supply chain management involves application of various tactics that heave to be authorized by the top management. Lastly, strategic supply chain management incorporates operational decisions that also have to be directed by the top management because they relate to company objectives. Supply chain management position is important in organizational structure for two major reasons. To begin with, supply chain managers ensure that customer services are boosted hence increasing an organization sales. Secondly, supply chain managers ensure that an organization enjoys high profits by ensuring that product supplies are made quickly and using the most cost effective means. Many organizations use a hybrid approach to decision-making authority in their supply management in order to make informed decisions. In this case, the supply management authorities evaluate different alternatives available for organizations and then decide on one that ensures major objectives are attained. Cross functional teams are made up of stake holders with different skills within an organization. Therefore, individual members can contribute different ideas that can be used to enhance the value of products within an organization. In

Performance in a Business Environment Essay Example for Free

Performance in a Business Environment Essay The purpose and benefits of continuously improving my own performance at work is to move one step forward and exceed my limitations, achieve further goals, self-motivation, not to be the same person and on the same position after a certain of time, to exceed my performance at work and doing work, improving my own performance helps me to progress on my career and give me a job satisfaction. However this leads me to evaluate my own work by looking at the work that takes the most time, and what actions can I take to do this task in a less time, however at the same time I look at the best part of the job that I do and also look for areas where I can improve. I normally speak to my colleagues that are more experience than me regarding this and take advice as well as guidance to do so. It is so important for me to get feedback and to accept it from others as this will help me to learn from my mistakes and be more confident in the work I am doing. Receiving feedback also helps me see myself from the perspective of others and how other people see me I always accept feedback whether positive or negative, as positive will help me to work harder and keep the good work I’m doing, as well as negative will help me to learn from my past failures and mistakes so I can correct them. In every organisation it is so important to provide a Good quality piece of work, as a very challenging person I always try new ways, different ways to do my work with a good quality and within less time scale. I always learn new things either in the office as my day to day tasks or at home for my long term career goals. My own learning and development does not only improve my work and productivity, it improves and benefits the team I work with as well as the whole organisation. The more I learn, the more I can do. This benefits the organisation by increasing productivity. It helps me to identify gaps between my job requirements or future work roles and the existing knowledge, understanding and skills. This is one of the reasons that we have in our organisation a private website that provides different short courses for self-development. The progression route from my current role will be towards a Management Information Analysts role, and then eventually a Business Analyst role as my long term role. This will also help me work towards my career I wish to pursue in the educational field, where I will have to also demonstrate data management tasks on my day to day tasks at work. After completing my Apprenticeship in Business and Admin L3, I am looking forward to starting an Apprenticeship L4 with a hard working to  develop my career to the next level as Management Information Analysts towards my long term career as a Business Analysts. I already have experie nce working in education, retail and IT. I will be working harder to meet my above career development with a good salary package and job description, where I can best use my skills, talents and capabilities. So by developing my skills I can look at possible interesting careers and sectors that I might be interested in and develop my opportunities in securing a good job. A learning plan is a way for everyone to set personal targets and record achievements. It helps me as a person to keep on track towards where I want to be in my life and my work. The reason for making a plan is, it simply helps me to take more control of my future, by reminding me what I have learned, achieved and enjoyed. Creating my plan can help me develop more confidence in my ability to tackle new things, become more employable, and get more out of life.

Women in Chaucers Canterbury Tales Essay -- The Canterbury Tales Essay

The only two women most significant and described in great detail in The Canterbury Tales by Geoffrey Chaucer who provide the greatest insight into contemporary medieval society are the Wife of Bath and the Prioress. These two women appear similar in the General Prologue of the poem but, as we see through their tales, they are quite unique women and most importantly very different from one another. By examining both the Wife of Bath and the Prioress's tales, we are able to see the stark contrast between their social standards and behavior. However, in spite of the fact that these two ladies belong to two different social spheres, they surprisingly share some common characteristics. The initial similarity between these two women lies in their appearance but as the poem continues on we see that their life experience and their manner and personality are different from one to another. Chaucer's description of the two characters clearly describes the Prioress as a better nun. The Wife of Bath is the only woman, beside the Prioress and her companion Nun, on this pilgrimage. Chaucer discussed each of the two generally in all aspects beginning with their outer physical look, behavior, beliefs etc. Despite the first impression that Chaucer's description makes the Wife of Bath and the Prioress contradicting as day and night, a deeper look to it makes one observe their intersecting minor characteristics. As weird it may sounds as true it is to some extend. The first thing we come across is their physical look. The Wife of Bath even gap-toothed or a bit deaf she is pictured to have a rich tasteful dressing with her gorgeous distinct gown and fine scarlet red stockings and soft, fresh, brand new leather shoes. This description tells us ... ...rench of Paris was unknown to her. All of these characteristics show how the nun Prioress was focused on things that should not be important for a nun. Among her minor things, the nun in the tale actions was cautious and splendid. Her manners were unique, and practiced with perfection. Her table manners were admirable: she never let a morsel fall from her lips, nor wet her fingers too deeply in the sauce: daintily she carried a morsel to her lips, taking care that no drop should fall on her breast: she took much pleasure in proper etiquette. Her manners and being educated gave her joy, something that is wrong for a nun. Having manners for her was like giving a candy to a little boy. Also the author describes with a lot of details her manners to show us how important her behavior was for herself, an a nun's behavior should be reflected on other people not on herself.

Equity and Trust

Cy pres doctrine. Initial failure: General charitable intention. Re Rymer [1895] 1 Ch. 19, Re Harwood [1936] Ch. 285, Re Satterthwaite's W. T. [1966] 1 W. L. R. 277, Re Spence's W. T. [1979] Ch. 483, Re Jenkins' W. T. [1966] Ch. 249. Re Faraker [1912] 2 Ch. 488, Re Finger's W. T. [1972] Ch. 286, Re Koeppler's W. T. [1986] Ch. 423; [1985] 2 All E. R. 869. Re Lysaght [1966] Ch. 191, Re Woodhams [1981] 1 W. L. R. 493, Harris v. Sharp, unreported (noted [1988] Conv 288, but the case has since gone to the C. A. ). Subsequent failure. Re Slevin [1891] 2 Ch. 236, Re King [1923] 1 Ch. 243, Re Moon [1948] 1 All E. R. 300, Re Wright [1954] Ch. 347. But see also North Devon and West Somerset Trusts [1953] 1 W. L. R. 1260. Why not automatically subsequent failure? And why initial failure in Ulverston? Modernisation of charities. Re Weir Hospital [1910] 2 Ch. 124, Re Robinson [1923] 2 Ch. 32, Re Dominion Students' Hall Trust [1947] Ch. 183, Re J. W. Laing Trust [1984] Ch. 143, Oldham B. C. v. A-G [1993] 2 All E. R. 432. Charities Act 1960 ss. 13,14. [1983] Conv. 40 (Wilson). Re Lepton's Charity [1972] Ch. 276, Varsani v. Jesani [1998] 3 All E. R. 273 (CA). Charities Act 1993, ss. 74-75. Michael Sladen: â€Å"Charities Act 1985† [1986] Conv. 78 (noting that the provisions of the 1985 Act were re-enacted with only minor alterations in 1993).

Lierary Response House on Mango Street

The House on Mango Street written by Sandra Concerns, the vignette titled, â€Å"There was an Old Woman She Had So Many Children She Didn't Know What to Do†, may seem insignificant at first when Concerns begins to describe a woman with a lot of troubled children, a common scenario In neighborhoods such as Mango Street.Then as we delve deeper Into the passage, we begin to realize that the mother, Rosa Barras, Is neglectful, which may not be her fault; she Is troubled with the amount of children she has and plagued with the ruder of sadness that her husband left her with all of these children, alone and with no money to aid her. These children are starving for attention and by practically railing themselves. At first, members of the community attempt to help with their upbringing but eventually, because of the lack of results, the people become tired of trying and stop caring.They don't care when the children hurt themselves, even when Angel Barras falls from a great height and dies, â€Å"†¦ And nobody looked up not once the day Angel Barras learned to fly and dropped from the sky like a sugar donuts, gust like a falling star, and exploded down to earth without even an Oh†. Concerns seems to be playing off the old African saying, â€Å"It takes a village to raise a child†. This vignette is included to bear the question, who is to blame for Angel's death?Himself, because he behaved recklessly; his absent father, whose departure no doubt contributed to his lack of respect â€Å"for all things living, including [himself]†; his mother, who was not watching him but who at the same time was unable to do so effectively; or his neighbors, for not caring for or about his actions? Concerns chooses to include Rosa Barras in this vignette. Rosa also represents the challenges faced by single mothers.She has more children than she can count and is plagued with despair after her husband leaves her without a penny to help take care of all of her children or even a reason explaining why he left. She is troubled with all of these children and it is too many for her to keep her eye on. By the end of the vignette we can infer she has lost her son and now not only does she have to deal with the absence of her husband but now the loss of her son.

Evaluate the Impact of China’s Accession to the WTO on the world economy The WritePass Journal

Evaluate the Impact of China’s Accession to the WTO on the world economy Introduction Evaluate the Impact of China’s Accession to the WTO on the world economy IntroductionBackground Why did China join the WTO? China’s initiatives prior and since joining the WTO commitments it has given to the WTOAffect of China’s membership on the WTO as an institutionAffect of WTO Membership on China’s Internal Reform ProgrammeAffect on Exports and ImportsGlobal ImpactAsia The EU and the United States Impact on the BRICSAffect on Comparative Advantage Impact of China’s Foreign Currency ReservesImpact of China’s Exchange RateCommentary on Recent DevelopmentsConcluding RemarksBibliographyRelated Introduction Background In 1978, when a series of reforms aimed at economic development and opening to world trade were made, China used these to become one of the largest economies in the world by the time of their accession to the WTO in 2001. Just prior to these major reforms, China was the world’s thirty-second ranked exporter country. By 1989 it was the world’s thirteenth largest trading nation.[1] During this time China had joined the International Monetary Fund and the World Bank. Prior to this, in the period 1949-1978, China was fully committed to Communist economic policies and pursued a Socialist heavy industry development strategy. Consumption was not at an optimal level, much of the economy was under state control and spare resources were used for the building of new factories.   There were numerous trade barriers, with tariffs on most goods, tight import controls and import quotas. China therefore had a very closed economy, until the Chinese leadership decided to take a more pragmatic approach by introducing elements of capitalism to promote economic growth. The 1978 reforms led to an enormous increase in China’s total value of trade, with average annual percentage growth rates in the mid-teens, leading to huge inflows of foreign direct and portfolio investment. The significant export-led strategy was a key factor in the impressive rates of growth and lifted millions of people above the poverty line. The nature of China’s trade preferences also changed dramatically, with a (fast-track) industrialisation not too dissimilar to the one seen by the developed world in the 18th and 19th Century. In 1978 over half of China’s exports were primary commodities- a figure that later fell to 5 per cent. Exports of manufactured goods, just 46 per cent of the total in 1978, more than doubled to 95 per cent, with over 30 per cent of that being new and high-tech products.[2] Why did China join the WTO? China formally became a member of the WTO on December 11, 2001. Its accession is particularly note-worthy because although China was a part of the General Agreement on Tariffs (GATT) its readmission to the multi-lateral trading system took 15 years from its submission in 1986 to its accession in 2001. Of course, this had much to do with the legacy of the Communist revolution in China in 1949. A significant motive for China joining the WTO was the negative effects were it not to join. Whilst the economy may have benefited from protection in the short run, it would have been a hindrance in the long run because of the trade and structural advantages that the economy would be closed off from. Also, with the UK and the United States having such a powerful influence in the WTO and other world organisations, China could see itself suffering sanctions because of political issues (eg human rights) if they refused to join. Furthermore, if China excluded itself from world trade and stayed in its Communist ‘bubble’ it would not be possible for it to influence a world centred mainly on Capitalism. So, in order to have a major influence in policy-making, China needed to join the key organisations. This would help protect its interests and prevent economic policies being forced upon it without it having any input, such as agricultural trade issues. Thirdly, prominent Chinese leaders believed that without an external disciplinary organisation, the economic progress that China had seen for the past few decades may start to plateau because of vested interests and corruption. The WTO would provide pressure to implement new reforms and maintain economic advancement. Then, if the economy subsequently deteriorated, the Chinese government would be able to blame outside influences, such as the WTO. The WTO would also lead to significant economic benefits, specifically through world trade. WTO entry would allow China to gain greater market access for its exports to Europe, Japan and the United States, especially in the clothing and textile industries. Also, as the economy was experiencing a slowdown in the late 1990s, joining the WTO would provide a positive injection, with some economists forecasting additional growth of 2% pa, creating 10 to 15 million jobs. During the period prior to WTO membership, foreign direct investment (FDI) decreased year-on-year, which helps explain China’s eagerness to join the WTO. There was a need for new investment from Europe and the US that China could direct into improving its service sector to supplement manufacturing exports into Asian markets. Finally, China may also have had an ulterior motive in joining the WTO in order to strengthen its economic and political ties with Taiwan. WTO membership for both countries would increase trade and could have potentially initiated new talks about political integration. In any event, if relations between the two countries deteriorated, the WTO could act as a mediator. China’s initiatives prior and since joining the WTO commitments it has given to the WTO Once China opened its economy to world trade in 1979, it has centrally managed its trade policies, starting with complex import and export controls and trade barriers in the 1980s, and subsequently relaxing these with significant tariff reductions on the majority of goods to facilitate joining the WTO. This, along with domestic price liberalisation, ensured that domestic prices of most traded good were consistent with world prices by the mid-1990s. Provided China implements its WTO commitments in accordance with the agreed timetable, China will become ever more integrated into the world economy and the resultant growth in global trade will benefit other WTO countries as well. The above table of average tariff rates since 1997 demonstrates how China has opened up to trade from worldwide markets. In all sectors, apart from a couple of agricultural-based ones feed grains and plant fibres average tariff rates have fallen, with the greatest rates of decline occurring since Chinas WTO accession in 2001. For example, the sugar tariff fell by just 2%, to 40%, until 2001, but has subsequently halved from 40% to 20% in 2007-2010. Beverages and tobacco have also seen a huge reduction in their protection, which can only be positive for net exporting developing economies worldwide. China’s willingness to lower its trade barriers and open its markets will result in higher inward direct investment capital flows. The extent of China’s protectionism mostly extends to tariffs now. This is because as part of preparing for WTO accession, its leaders agreed to eradicate the use of import quotas, licences, designated trading practices and other non-tariff barriers. Unlike the continual tariff reductions on traded goods over a number of years, China’s service sector, which has previously experienced virtually no foreign competition, will see a large increase in transparency with the rest of the world. Liberalisation of licensing in these sectors will, in the long run, ensure full access to foreign businesses, such as in the telecommunications industry which is currently run by state-owned enterprises. Other than market-access commitments, the WTO conditions for accession included the national treatment and non discrimination principles, which are included in the Trade-Related Investment Measures and (TRIMs) and Trade-Related Aspects of Intellectual Property Rights (TRIPs). While most trade commitments mainly affect foreign trade, compliance with these commitments are more likely to impact on the domestic market with greater foreign investment through the removal of inter-border barriers and a more stable business environment, including clearly defined intellectual property rights. China’s implementation of its WTO commitments has caused very little contention within the WTO since its accession. The Transitional Review Mechanism (TRM) was set up to review China’s compliance with its commitments. Although issues have been raised by China’s trading partners in certain areas, no official complaint has been made against China and any problems that have arisen have been the result of teething problems rather than outright non-compliance. Affect of China’s membership on the WTO as an institution When China joined the WTO, it was assumed that it would not be content with being a normal member because of its growing size and that China would act accordingly by taking an aggressive stance in policy-making. Furthermore, at the time of accession, the Doha Round of trade negotiations were about to take place and China was expected to have a substantial influence on the outcome of these talks. In reality, although China and other developing countries have had issues with developed nations, the failure of the Doha Round can be attributed to a number of issues, most notably contention between the US and the EU over the use of export subsidies in agriculture. In general terms, most trading partners within the WTO have looked favourably on the impact of China, with one Japanese spokesman saying that China’s accession to the WTO was the most important trade event of the century.[4] Despite this, Japan, along with the EU and the US, had concerns over trade regimes in the automotive industry and the lack of transparency of rules and regulations in the Chinese domestic market. However, after five years of membership, most WTO members seemed to accept that China was still committed to implementing its WTO commitments and that China was no more a ‘special’ member than anyone else. This was shown by the Trade Policy Review (TPR) in April 2006, where China was recognised as a member that had benefited greatly from the accession and was fully committed to the stalling Doha Round Trade Negotiations. A major trading power such as China, with a huge export capacity and domestic market is bound to find some frictions within the WTO. When disputes have arisen, China has made a substantial effort to resolve them before a formal complaint has needed to be made. Also, China has not instigated many disputes against other members, which can only help to build positive relationships within the WTO. Where China has acted disappointingly is in the Doha Round, where it was anticipated that it would have taken a more significant role but, instead, it initially left Brazil and India to take a leading role in representing developing countries. Finally, in July 2008, during the WTO mini-ministerial in Geneva, China stood up and joined a core group of 6 countries that was attempting to remove restrictions on trade in agriculture and industrial goods. Its first success, together with India, was to retain an important â€Å"special safeguard mechanism† that protects both countries from agricultural imports and resisted efforts for them to lower their cotton tariffs on imports from the US. China has therefore finally come to the table to play a major role in the Doha Round, but its approach has been more defensive, particularly for service industries, rather than pragmatic.[5] In view of its dominant position in world trade, it is important that China now steps up and joins with the other two large developing economies, Brazil and India, and the US and EU, to make key decisions regarding market access rights and to tighten the rules of the WTO. Affect of WTO Membership on China’s Internal Reform Programme Chinas mixed record in the WTO should be seen, above all, in the context of market reforms at home post-WTO accession. The overriding advantage of WTO accession to China is that it has sustained the earlier sweeping unilateral reforms, made Chinas trade-and-investment regulations more transparent and predictable, and given China a long-term stake in multilateral rules[6]. But with its home in Geneva, the WTO cannot direct the reforms in Beijing. In recent years, the national reform engine has decreased and industrial-policy interventions have increased because of this. At the same time, China has increasingly used Preferential Trade Agreements (PTAs) to its advantage, especially with other countries in East Asia. Affect on Exports and Imports Global Impact There has been a remarkable shift in China’s share of global trade since WTO accession. On imports, the US still has the highest share, but this is declining and stood at 14.2% in 2007. Conversely, China’s share rose from 3.6% in 2000 to 6.7% in 2007, and they are projected to take second place from Germany. This trend is expected to continue while China continues to globalize, as more than half of imports to China are raw materials used to produce goods for domestic consumption and exports. On exports, the situation is even more dramatic, as China moved into top position by the end of 2009 (see following chart[7]) having lagged considerably behind the major developed nations in 2001. The chart below illustrates how far China’s contribution to world trade has advanced compared with other â€Å"second division† countries from 1985 to 2009, measured by each country’s share of total global imports and exports.[8] Asia China’s accession to the WTO will have a considerable affect on the economies of Asia and will present both challenges and opportunities for them. Over the coming years, China will continue to improve its business environment and lower tariffs, which will lead to increased access to China’s domestic markets, both for foreign trade and direct investment. This should lower transaction and input costs, while the increase in exports from China should lower the price of imports for the rest of Asia, particularly its trading partners. The table above shows the restrictive effect that China’s tariff policy had on its global imports following the opening of trade in 1979 until its WTO accession in 2001 and then the subsequent increases in the immediate period thereafter. Post-2001, Asian countries had the largest share of their exports going to China and the highest growth rate of exports to China since 1980. This is especially true of South Korea, whose exports to China grew from 0% in 1990 to 16.2% in 2003. Going forward, China’s reduction in protection measures will lower its input costs and result in lower export prices that will increase its competitiveness as an efficient supplier of goods. The benefits of this for Asian countries will be increased output and welfare because they can source cheaper Chinese imports and use them for intermediate inputs in their own secondary and tertiary industries. There have, however, been some negative effects on the trade position of countries in South Asia associated with China’s accession to the WTO. This is because developing countries such as Thailand are in direct competition with China for exports of certain goods, especially the clothing and textile industry. China’s higher comparative advantage in these labour intensive industries (due to lower wages and other input costs) will mean that products from other Asian countries will become less attractive to developed nations such as the EU and the United States.   Therefore, whilst China can expect to see its export growth continue, other developing countries in Asia and elsewhere are likely to see a reduction in their exports as a result of China’s improved competitiveness. The EU and the United States The main effects that China’s accession will have on the EU and the United States are in their agricultural export industries. At the time of accession, the US had a 27% market share, while the EU only accounted for 4% of China’s agri-food imports. However this is a massively growing industry for the EU and this figure has been rising ever since as a result of the sharp tariff reductions, making EU food more competitive. Another reason for China’s growth in demand for imports is that, as a result of sustained economic growth, the Chinese public have more disposable income to spend on exotic foreign foods. It is the growing Chinese domestic market that provides ample opportunity for the US to increase its exports however. Many of these goods may be made in China, because distance and lead times mean companies cannot serve every customer in China from a US base but these product and service sales require design or service support, or component supply, from US facil ities, which will strengthen US companies core operations and employment. However, China will generally choose to source imports on the basis of price. This means that the US and the EU need to keep their respective exports cheap in order to stay competitive otherwise they won’t see the benefits of China’s accession. The US also has the problem of high transportation costs. Because of the need to keep prices as low as possible, the strength of the dollar, the Euro and the Pound will also become increasingly important to stay competitive. This is because of foreign competitors such as Canada, Australia and the rest of Asia, as well as competition amongst themselves. The opportunity for the EU and the United States to benefit from rising trade with China and the subsequent fall in trade barriers meant that both were very receptive to China’s membership of the WTO. China’s motivation to join the WTO also meant that the EU and the United States, as powerful members, could ensure that the terms for China’s accession were made favourable to their imports and exports. This was shown by the EU-China Trade Agreement in 2000 and the US-China Trade Agreement in 1999. Is the emergence of China onto the global stage a threat to the US economy’s dominance? Yes, but only far into the future. The US economy is over twice the size of Chinas and, on a per capita basis, nearly twelve times bigger. From mid-2007, the European Commission has adopted a more confrontational tone in EU-China trade discussions. A major source of tension is the EU’s widening trade deficit with China, which Commissioner Mandelson referred to as a â€Å"policy time bomb†. It rose from roughly EUR 50 billion in 2001 to around EUR 170 billion in 2006, a more than threefold increase. [10] Thus, the gap between the EU and US’s trade deficits with China (USD 256 billion in 2007) is narrowing. However, there is an important difference between the US and EU current-account deficits: the EU’sdeficit is not a concern in terms of GDP (around 0.5 per cent of EU-27 GDP), whereas the US deficit is much higher at 5-6 per cent of GDP. However, the focus on the EU-China trade deficit is perhaps overstated, as Germany’s trade surplus, for example, is higher than China’s. Furthermore, while the EU-China trade deficit has been increasing, the EU’s trade deficit with the rest of the world has decreased– from EUR 93 billion in 2000 to EUR 66 billion in 2006.[11] Many imports into the EU now come via China, rather than directly from their home countries. This is particularly the case for nine large trading partners with the EU: the USA, Japan, South Korea, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan and Thailand[12]. Since 1999, Europe has increased its imports from China, but taken relatively less from the USA and the rest of Asia. So, the major difference between today and the 1990s is that the EU global trade deficit is concentrated mostly on China rather than being spread over the whole of Asia. The EU-China trade deficit is a manifestation of the development of trade flows and production locations, with China becoming a base where primary inputs from other countries are manufactured and re-exported. That includes the intra-firm tr ade and global supply chains of EU-based companies. China has gained a comparative advantage in low-tech, labour-intensive industries such as clothing and toys. But its final-assembly exports of products made during the assembly of primary inputs have been growing even faster (Athukorala and Hill, 2008). Conventional trade theory suggests the EU-China trade deficit is essentially nothing to worry about. China is simply utilising its comparative advantage in unskilled, labour-intensive manufacturing. Impact on the BRICS China’s progress within the global economy can be measured in comparison with the other countries in the BRICS. Although China ranked only 83rd in the World Bank’s Ease of Doing Business Index for 2007, this represented a significant improvement over the previous few years and clearly ahead of Russia, India, Brazil and Indonesia. For â€Å"trading across borders† it is way ahead of South Africa, Russia and India[13]. China also occupies 48th position in the World Economic Forum’s new Enabling Trade Index (which uses commercial infrastructure, market access and the business environment to measure a country’s encouragement of trade), higher than South Africa (59th), India (71st), Brazil (80th) and Russia (103rd). China increased its position in the world rankings for trade and foreign direct investment (FDI) very quickly, moving above Japan, to become the world’s third largest trading nation, with 7% of world trade by 2006 (7.7% of goods trade and 3.5% of services trade). China’s trade-to-GDP ratio had reached 70%, considerably above Brazil and India, and for such a populous country to have this kind of ratio is extremely rare. China has a 2.4% share of global inward FDI, which is again higher than the other BRIICS and has been the second largest recipient of FDI in the world since 2000, with China’s outward FDI also growing at an increasing rate.[14] Thus, China has moved ahead of most developing countries and the other BRICs in generating economic growth, and perhaps more importantly, large amounts of employment, poverty reduction and improvements in human welfare, especially in urban areas. High investment and saving rates have been the cause of this, but trade and FDI have also been very important during the expansion of labour-intensive manufactured exports. Having said that, China still has high regulatory barriers that waste resources, restrict internal trade and generally stifle domestic sources of growth. The onus is now on China to reduce these barriers in order to maintain their high economic performance levels. Affect on Comparative Advantage China, like other South Asian countries, gained a comparative advantage in many consumption goods by having an abundant supply of labour which drove down wage prices. This led developed countries to become concerned with their own comparative advantages disappearing when exporting, as Paul Samuelson wrote: Growth in the rest of the world can hurt you if it takes place in sectors that compete with your exports[15]. So, to protect against this, the United States in particular has imposed import quotas in order to limit the amount of Chinese imports coming into the US. However, there seems to be substantial evidence to the contrary for the past 25 years, with advanced countries slightly increasing their annual % change in terms of trade and developing countries’ falling. The diagram above shows the effect of what would happen if China flooded the international markets with goods that they have a comparative advantage in. The world supply curve would shift outwards from S to S’ giving a higher quantity (Q’) and a lower price (P’). This would have a positive effect on the countries importing these types of goods but would negatively affect the comparative advantage of export-competing countries in Asia. The assumption that China would shift huge amounts of resources into this export industry as a result of trade liberalisation would depend on how long the gestation period of investment lasts. As is usually the case, product development, retraining and improved market position take time, so in the short run the other developing countries should not be markedly adversely affected. Furthermore, it is generally assumed in the literature that the clothing and textile sectors produce homogeneous products that give China an immediate advantage in world trade. This is not strictly the case because there can be variants in different types of clothing for both men and women. This would suggest that countries could specialise in one type, which would mean that China does not need to have the same effect on other countries that it might if all the products were homogeneous. Impact of China’s Foreign Currency Reserves The differences in growth and consumption between the countries that borrowed and consumed too much during the years before the latest financial crisis (the US, UK and most countries in southern and central Europe) and those that generated excess savings and output (including China, Germany, Japan and the oil exporters) have created global imbalances and present major challenges. China powered its economy by increasing exports to US consumers, whilst manipulating the global currency markets to limit market forces that would normally have restricted its export growth. The Chinese government forced companies to sell their dollar and euro export earnings into Yuan at artificially low exchange rates. So, the central bank accumulated a large part of the country’s export earnings rather than allowing them to be recycled and spent on foreign consumer goods and investments. China’s foreign reserves have grown from $500 billion in 2000 to more than $4 trillion now. This money has been used to buy US treasuries, issued to fund US budget deficits which financed further consumption on Chinese exports. There were hopes that a by-product of the 2007-9 financial crisis would be a gradual reduction in these global imbalances. The credit crunch should clearly lead to lower consumption in the high-debt economies but for the global imbalances to be re-balance din a lasting way, it will be necessary for producing countries to make equal changes to their output. To date, the evidence is that consumption has weakened but the export dependent economies, especially Germany and China, are not taking action to lower their trade surpluses through lower exports or to significantly increase their own consumption leading to higher import levels. Chinese officials are talking of the need to rebalance the economy in favour of domestic growth, particularly of household consumption, but all that appears to mean currently is that China will not seek to increase its trade surplus any further from the level of $300-$400 billion in 2008-9, compared with only $70 billion 4 years earlier. Other countries appear to have accepted that China’s policy of maximising exports and accumulating foreign reserves is a fact of life. The IMF is forecasting that China’s trade surplus will narrow only marginally from 10% of GDP to 9.4% in 2014. Given that the Chinese economy is almost certain to grow during this period; this implies that the trade surplus will continue to expand. If the indebted countries do decide to curb consumption and reduce their national debt levels, the trade surpluses will have to shrink. The immediate post-crisis consensus was that the US would return to its role as the world’s largest consumer and borrower, but politically the US government and public are likely to prevent this. Instead, government policies and business strategies are likely to be redirected towards promoting export-led growth. A good example is GE, which became the world’s largest non-bank financial institution, but is now reinventing itself as a global produce r of high-value investment goods. The result should be that growth in the US and UK will be stronger than expected and they will start to capture market share from export-dependent economies, assisted by a depreciating currencies. However, tensions will then emerge as China and Germany will do their utmost to maintain their trade surpluses which will then put pressure on other trading nations, especially developing countries that naturally compete with China and the weaker members of the Eurozone, to protect their export share. So, either way, the world economy faces problems due to China’s success in growing its share of global trade, which accelerated following China’s WTO membership. If the imbalances widen, concerns will intensify about the international debt of debtor nations and trade protectionist measures that would weaken global trade growth will become increasingly likely. Or, in the more realistic scenario of lower deficits in these countries, China will be forced to accept lower trade surpluses or take market share from smaller economies. In the absence of action by China, the major deficit countries will have to seriously consider deliberate currency depreciation or tariff protection to reduce their trade deficit. Protectionist measures by the US could result in a ruinous international trade war or even in threats by the Chinese government to sell some of its massive holdings of US treasury bonds, which would risk destabilising financial market. To avoid this, there would need to be a coordinated approach by many governments to change macroeconomic policies. It wouldn’t be necessary that all trade deficits are eliminated but western governments would need to accept that market forces by themselves are insufficient and that trade and currency management policies are acceptable tools to redress the situation. China, Japan and the other planned economies, for their part, would have to accept a bigger role for market forces in economic management. This has started changing already – the broader G20 group of nations has emerged as a more credible forum for international negotiations than the G7 group of industrialised countries, and the IMF is looking into how inconsistencies in national economic policies and trade objectives should be tackled. Impact of China’s Exchange Rate Unlike most large manufacturing-based economies, China, instead of making use of a floating exchange rate system, has historically either pegged its currency, the Yuan, to the US dollar or at least managed it to generally mirror movements in the US dollar. This had led to accusations that the Yuan is consistently undervalued on the world market, as the normal market reaction to China’s enormous trade balance would be for its currency to appreciate. The undervalued Yuan has had a significant positive effect on China’s manufacturing exports because foreign companies have been able to obtain products which benefit not only from lower labour costs but also the undervalued currency; both of which create more employment opportunities. This has allowed China to build up a trade surplus and a substantial amount of international reserves. Having been through the 1997 Asian Crisis, China like other Asian economies welcomes the security of a trade surplus rather than a trade deficit. Also, the exchange rate encourages large foreign direct investment inflows into the Chinese economy, which further stimulates economic growth. The implications this has for the WTO is that while Chinese exports become cheaper, this may result in anti-dumping claims from other countries. In addition, as imports into China become more expensive, this could act as a form of import control, limiting imports; which would somewhat offset the effects of China’s tariff commitments to the WTO. This is an accusation that has been levelled at China by the US and EU in the past few years. The presence of this â€Å"import control† would curtail the effectiveness of the EU and US expanding export trade policy that I mentioned earlier, that should be the natural consequence of China’s WTO accession. On the other hand, there are some positives for the rest of the world as a result of a lower value of the Yuan, especially cheap manufactured goods to the US and EU. This is because, if the Yuan rose in value, more money as a proportion of income would have to be spent on manufactured goods, leaving less available for other goods and services. The most likely effect is that the US and EU economies would contract by more than the rise in their manufacturing output due to improved comparative advantage. So the overall welfare, at least in the manufacturing sector, is likely to be higher with a managed lower valued Yuan than a higher valued floating Yuan. Commentary on Recent Developments In December 2010, the WTO ruled that the 35% duties imposed by the US on Chinese tyre imports in 2009 were justified. This is a rare example of a formal WTO ruling involving China. It was evident at the third annual BRICS leaders meeting held in China in April 2011 that it is fast becoming a China-denominated forum, with the potential for China to drive its global agenda outside of interference from the US. China is the BRICS natural leader, as each country has c12% of its trade with China but only c3% with the other BRICS members.[16] China championed the inclusion of South Africa as the newest member, even though it lags other emerging economies, as a representative of the African continent, with which China now has a large and rapidly expanding interest. Although China experienced a surprise trade deficit of US$1bn in the first quarter of 2011, it recovered with a strong monthly surplus of US$111.4bn in April, with Chinese exports increasing by 35% compared with April 2010 and imports up 12%.[17] This demonstrates that China is still benefiting from a weak exchange rate and could tolerate a stronger currency, and international pressure to allow this is sure to intensify. Chinese officials have regularly stated a greater willingness for this to happen, which will help tackle rising inflation levels. Concluding Remarks The accession to the WTO of a country such as China, which is set to become the world’s largest economy, can only be seen as a positive move for global trade developments in the long run. The main distracting issues, such as trade deflection with other, smaller developing countries, should decline over time. This is because China seems to be making a conscious effort to conform to the rules and institutions of the WTO, which is in the interests of both itself and all the other members within the WTO. Also, the current global imbalances, thought by many alarmist economists to be a threat to global financial stability, are not actually a major cause of the current financial crisis and could correct themselves as a result of inter-temporal preferences. Therefore, provided China continues to make concessions on its import barriers and restrictions on access to its internal market, the positive effects should be far reaching, especially within the EU and the United States. Bibliography Books Growth and Development, Eighth Edition, Palgrave Macmillan A.P. Thirlwall International Economics, 8th Edition, Pearson International Krugman and Obstfield Capitalism 4.0 The Birth of a New Economy, Bloomsbury 2010 Anatole Kaletsky. Journals China’s Role in the World Trade Organisation and the Doha Round of Multilateral Trade Negotiations Andrew L. Stoler, former Deputy Director-General of the World Trade Organization (1999-2002) Foreign Trade and Economic Reform in China, 1978-1990, Cambridge University Press Nichols R. Lardy Elements of a sustainable trade strategy for China, Long Q Mark Halle Impact of China’s WTO Accession on East Asia Elena Ianchovichina1 and Terrie Walmsley IMF Working Paper, China: International Trade and WTO Accession March 2004 Thomas Rumbaugh and Nicolas Blancher China’s Trade Policy Post-WTO Accession: Focus on China-EU Relations, European Centre for International Political Economy (ECIPE) September 2010. Fredrik Erixon, Patrick Messerlin and Razeen Sally China and the Doha Development Agenda: Working paper prepared for the 2009 WTO Forum, Geneva September 2009 Chin Leng Lim. Financial Times: Various reports and articles [1] Nichols R. Lardy, Foreign Trade and Economic Reform in China, 1978-1990, Cambridge University Press [2] Mark Halle, Elements of a sustainable trade strategy for China, Long Q [3] Impact of China’s WTO Accession on East Asia, Elena Ianchovichina1 and Terrie Walmsley, April 2003 [4] Andrew L. Stoler, China’s Role in the World Trade Organisation and the Doha Round of Multilateral Trade Negotiations, pg. 4 [5] Fredrik Erixon, Patrick Messerlin and Razeen Sally, China’s Trade Policy Post-WTO Accession: Focus on China-EU Relations, pg.10 [6] Fredrik Erixon, Patrick Messerlin and Razeen Sally, China’s Trade Policy Post-WTO Accession: Focus on China-EU Relations, pg.10 [7] â€Å"Chinas export prospects: Fear of the dragon†. The Economist 7th January, 2010 [8] Starmass International (Chinese market research company) starmass.com/china_review/global_economy/major_countries_imports.htm [9] IMF Working Paper, China: International Trade and WTO Accession pg16, T Rumbaugh and N Blancher March 2004 [10] Fredrik Erixon, Patrick Messerlin and Razeen Sally, China’s Trade Policy Post-WTO Accession: Focus on China-EU Relations, pg.20 [11] Fredrik Erixon, Patrick Messerlin and Razeen Sally, China’s Trade Policy Post-WTO Accession: Focus on China-EU Relations, pg.21 [12] Fredrik Erixon, Patrick Messerlin and Razeen Sally, China’s Trade Policy Post-WTO Accession: Focus on China-EU Relations, pg.21 [13] Fredrik Erixon, Patrick Messerlin and Razeen Sally, China’s Trade Policy Post-WTO Accession: Focus on China-EU Relations, pg.3 [14] Fredrik Erixon, Patrick Messerlin and Razeen Sally, China’s Trade Policy Post-WTO Accession: Focus on China-EU Relations, pg.3 [15] Krugman and Obstfield, International Economics,8th Edition, pg. 98 [16] Jamil Anderlini, Financial Times 14 April, 2011 [17] Jamil Anderlini, Financial Times 10 May, 2011

Story Analysis of Popular Mechanics by Raymond Carver

Story Analysis of Popular Mechanics by Raymond Carver Popular Mechanics, a very short story by Raymond Carver, first appeared in Playgirl in 1978. The story was included in Carvers 1981 collection, What We Talk About When We Talk About Love, and later appeared under the title Little Things in his 1988 collection, Where Im Calling From. The story describes an argument between a man and a woman that rapidly escalates into a physical struggle over their baby. Meaning of the Title The title of the story refers to the long-running magazine for technology and engineering enthusiasts, Popular Mechanics. The implication is that the way the man and the woman handle their differences is widespread or typical that is, popular. The man, woman, and baby dont even have names, which emphasizes their role as universal archetypes. They could be anyone; they are everyone. The word mechanics shows that this is a story about the process of disagreeing more than it is about the outcome of those disagreements. Nowhere is this more evident than in the final line of the story: In this manner, the issue was decided. Were never told explicitly what happens to the baby, so its possible there is a chance that one parent managed to wrest the baby successfully from the other. However, the parents have already knocked down a flowerpot, a bit of foreshadowing that doesnt bode well for the baby. The last thing we the audience see is the parents tightening their grip on the baby and pulling back hard in opposite directions.   The parents actions couldnt have failed to injure him, and if the issue has been decided, it suggests that the struggle is over. It seems most likely, then, that the baby was killed. The use of passive voice is chilling here, as it fails to assign any responsibility for the outcome. The words manner, issue, and was decided have a clinical, impersonal feel, focusing again on the mechanics of the situation rather than the humans involved. But the reader wont be able to avoid noticing that if these are the mechanics we choose to employ, real people do get hurt. After all, issue can also be a synonym for offspring. Because of the mechanics the parents choose to engage in, this child is decided. The Wisdom of Solomon The struggle over a baby echoes the story of the Judgment of Solomon in the book of Kings in the Bible. In this story, two women arguing over a baby bring their case to King Solomon for resolution. Solomon offers to cut the baby in half for them. The false mother agrees, but the real mother says shed rather see her baby go to the wrong person than see it killed. By her selflessness, Solomon recognizes who the real mother is and awards her custody of the child. But there is no selfless parent in Carvers story. At first, it appears the father wants only a photo of the baby, but when the mother sees it, she takes it away. She doesnt want him to have it. Angered by her taking the photo, he escalates his demands and insists on taking the actual baby. Again, he doesnt really seem to want it; he just doesnt want the mother to have it. They even argue about whether theyre hurting the baby, but they seem less concerned with the truth of their statements than with the opportunity to hurl accusations at each other. During the story, the baby changes from a person referred to as him to an object referred to as it. Just before the parents make their final pull on the baby, Carver writes: She would have it, this baby. The parents want only to win, and their definition of winning hinges entirely on their opponents losing.  Its a grim view of human nature, and one may wonder how King Solomon would have dealt with these two parents.

Quantitative Research Article Example | Topics and Well Written Essays - 1000 words - 2

Quantitative Research - Article Example sures that the researcher is neutral and not biased to the positive or even the negative side but stands neutral in order to solve the problem at hand. The literature review should be relevant to the problem being looked into and well understood to the researcher. The researcher must be in a position to understand what is really required of him so as to solve the problem at hand. The review might as well as include some other investigations that have been carried out on the problem or a problem related to the one in question. After having understood the problem the researcher should be able to identify the variables that affect or interfere with the research. If the variables have an effect on the outcome, then he or she ought to have to ways to neutralize or reduce the effect of the variables to achieve the desired results. The variables may either be dependent or independent variable, where the independent variable is the effect variable set by the investigator and it may also be considered to as the factor while the dependent variable is the observed or effect variable that is not set by the investigator. The tentative prediction or explanation of relationship between two or more variables to the problem at hand must also be looked into. It helps the investigator to translate the statement of the problem into a precise and ambiguous prediction of the outcome. Some research ideas may not have a definable hypothesis especially when they are descriptive. Hypothesis statements are most applicable in intervention and evaluation studies where comparisons are done on correlation for relationships. The objective in the research on English language learners is to help them achieve a better academic performance so that they may be in a get together with their peers in terms of class performance. Questions on how to achieve the objective should be formulated and suitable answers to obtained. In the English language learners case the major question should be how to