Major policy decisions should always be left to politicians and other government experts, who are more informed and thus have better judgment and perspective than do members of the general public.Politics
Government¡¦s policies must benefit not only the nation but also all its people. However, what kinds of policies are good for the country and truly profit the people? How to take balance of the experts¡¦ opinions and public¡¦s demands? Someone may say that the nation belongs to its people and the government should service its people so that major policy decisions should made by the general public. Assuming that we count on general public to make the decisions, there will be too many different opinions to follow. Assuming that we follow the majority for democracy, the minority may always be repressed. The publics usually lack professional knowledge, especially specialized fields¡Xdiplomacy, national defence, economy¡X so that they can¡¦t do a proper decision on major policies and have wrong perspective on the situation. During 1970¡¦s, Chiang Ching-kuo¡Xone of the most respectful premiers in Taiwan¡Xachieved many foresighted economic developments. One of the developments caused a lot of disputes. The freeway connects north part and south part of Taiwan. At that time in Taiwan, people who owned motorcycles were little; people who had vehicles can nearly be counted on one¡¦s fingers. Only the vehicles can be drove on the freeway. Accordingly, the public thought that the freeway was built for privilege only. The general public strongly opposed the development. Chiang Ching-kuo accepted the suggestions of the experts and ignored the arguments of the public. Nowadays, the freeway is the main role of Taiwan¡¦s economy and traffic. The traffic of freeway is so heavy that the government is planning to build some more freeways like the original one. Major policy decisions are always left to experts is not a good idea. Some policy decision is made for special or minority group. Sometimes, the experts have no idea about the group¡¦s actual requirements; sometimes, the experts do not familiar with...
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Introduction Diageo PLC (NYSE: DEO), formed by the 1997 merger between alcoholic beverage giant Guinness with food and spirits company Grand Metropolitan, is the world's largest producer of alcoholic drinks. Its beers and distilled spirits include Smirnoff, Johnnie Walker, Guinness, Baileys, J&B, Captain Morgan, Cuervo, Tanqueray, and Beaulieu Vineyard and Sterling Vineyards wines. Diageo helps stock bars and shelves in over 200 countries around the globe. After earning enormous profits from its major markets in North America, Great Britain, Ireland, and Spain, the company is planning to enter the alcoholic beverages market in the People's Republic of China with its popular flavored malt beverages. Like beer, flavored malt beverages such as Smirnoff Ice and Captain Morgan Gold are created in breweries using water, yeast, fermented malted barley and hops, but unlike beer, they are then flavored with citrus, vodka and other highly concentrated ingredients. This country analysis report will assess the investment potential for Diageo's expansions of production facilities and sales in China. Various factors including economic, political, infrastructural, ethical, and cultural conditions in China will be evaluated in detail, as well as Chinese market potential for flavored malt beverages (Harmonized System Number 2203.00.0000), and this report will wrap up with a recommendation on the steps that should be taken for Diageo. Economics Environment Over the past half-century, China has experienced a dramatic change; an underdeveloped nation transformed into one of the world's fastest growing economies. Since the beginning of the "open-door?policy in 1978 and the accession to the World Trade Organization (WTO) in 2001, China's economy has grown swiftly from a low base, and developed wide consumer market. China has the biggest population in the world at 1.3 billion people. 30% of the population lives in the urban areas, while the remaining 70% is concentrated in the countryside. China is also the world's third largest...
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The United States. Since the mid-1930′s, some U.S. military planners have considered airpower a means of ending a war quickly. Before World War II, they thought that a war could be shortened by using bombers to strike a quick, crushing blow against an aggressor’s homeland. During World War II, this airpower theory led the United States to drop many conventional bombs on Germany and Japan. However, this did not end the war. Germany surrendered only after its army was defeated by Allied ground troops. Japan surrendered after two nuclear bombs were dropped on Hiroshima and Nagasaki. U.S. supporters of the airpower theory thought that the successful use of nuclear bombs against Japan confirmed the theory. As a result–and because nuclear weapons are far cheaper to build and maintain than conventional forces–nuclear weapons became the main source of U.S. strategic military power. In the mid-1950′s, the United States adopted the policy of massive retaliation. It stated that if Soviet forces struck any area vital to the interests of the United States and its allies, the United States might respond with a major nuclear strike against the Soviet Union. In the early 1960′s, the policy of massive retaliation was replaced by that of flexible response. According to this policy, the U.S. response to enemy aggression would begin with the use of conventional forces. Then, if these forces failed to defeat the aggressor, the United States would use theater nuclear weapons. The United States would attack with strategic nuclear weapons only if theater weapons failed to defeat the aggressor. In 1990, the United States announced it intended to amend its policy to one in which any kind of nuclear weapon would be used only as a last resort. The Soviet Union. Beginning in the 1930′s, Soviet military planners based their military strategy on the deep battle theory....
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Deciding A Major Selecting a major has been the most difficult challenge I have faced while at Junior College; not studying for classes, playing tennis for the Irvine Valley College team, nor making friends on campus. It is difficult to comprehend that selecting a major means I will have to concentrate on that field of study with strong commitment and passion, with little hope of ever changing that major. It seems that once I determine an occupation of interest, another opportunity seizes my attention, and once again, I am in a state of confusion. While maturing the last two years, I have learned that a major should associate your love, talents, and desire for success in that subject. I plan to discuss my initial interest of human development, my desire to pursue criminal justice, and how sociology has become my determined major. As stated in my application, my first job was tending to kids in an after-school day care environment held at Turtle Rock Community Park, which led to my interest in teaching. After attending the same day care when I was a child and volunteering at the community park, I received this initial job at the age of fifteen with high hopes. I have worked there for nearly five years since. It seemed that as each year progressed, I realized my love for working with kids had increased as well. I liked having the responsibility of watching the kids and interacting with them. I thought I was made for teaching because I loved working with children, but realized my love was to improve their lives, to supply them with a role model when their parents aren't around or not involved enough. My excitement comes from helping others by learning more about each person, whether child or adult. So I realized teaching...
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American Presidency Cyle Parker Dr. Mark Leeper December 12th 2007 All the Worlds' a Stage; A Foreign Policy FOR America? In depth look at Presidential Policies and Action between the United States & neighboring Soviet nations in the 21st Century Often on the world stage, the relationships and tensions that play out between the superpowers of the globe has always been complex. How each leader of each respected nation handles these crises sets the foundation from which future leaders will derive effective solutions. There is the natural inclination to achieve dominance on the world stage, while trying to keep a stable relationship with neighboring world powers. The United States and the USSR had been recognized as superpowers since the end of World War II. "Boosting America into a foreign policy arms race, the United States' Manhattan Project led to atomic bombs being dropped on Hiroshima and Nagasaki in 1945." (Cohen, 20) In 1949, the USSR surprised the world by breaking the United States' monopoly on atomic weapons by exploding their own atomic bomb. In 1952, the United States developed and exploded a thermonuclear weapon, also known as the hydrogen bomb. In the following year, the USSR followed suit by detonating their hydrogen bomb. On a global playground for men with big guns, quickly it was realized that our two countries had major ideological differences. The American system of free market capitalism was in stark contrast to Soviet communism. (Cohen 54, 84) The American economy was built, made and sustained by self-made men who had brought themselves from "rags-to-riches". This stereotype was further perpetuated by American authors of the time and living examples of true life heroes of American industry such as John D. Rockefeller and Andrew Carnegie. The USSR's communist ideology was based on the belief that every person should have the same social status as everyone...
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Throughout the time of the Renaissance, there were many individuals who embodied the "spirit of the Renaissance." Many individuals had achievements in the fields of art, literature and science. The Renaissance was a time of great rebirth and revival of cultural and scholarly activity in Western Europe. Three people who embodied the "spirit of the Renaissance" greatly were the artists Leonardo da Vinci and Michalengelo. The third individual is the writer named Niccolo Machiavelli. These individuals all display the "spirit of the Renaissance" by showing a revival with their work. Leonardo da Vinci was a man of wisdom and genius. Even though he was an excellent artist and a sculptor, he was an architect, an engineer and a man of science. Da Vinci was one of the greatest painters of the Italian Renaissance. Leonardo da Vinci was born in a small city just outside Florence in 1452. Da Vinci began painting with great passion at the age of 15 when he was apprenticed to the artists Andrea del Verrocchio. Da Vinci created two masterpieces that stood out over all his other works. Da Vinci painted the most well known painting in the world, the Mona Lisa. The Mona Lisa was a portrait of Lisa del Giocondo, the wife of a Florentine merchant. In the painting of Mona Lisa da Vinci was able to display many new forms of art. He was able to have the woman's face move in and out of a smile. He was also able to arrange the woman's hands so that the figure formed a pyramid design. Da Vinci's techniques solved problems that many earlier painters had faced. Another very well known painting that was created by da Vinci was the Last Supper. During the time of the Renaissance, new forms of painting were introduced to society....
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Would you like to work at SAS? Why or why not? Would you prefer to work at SAS or at Microsoft? Ans: Yes, I would love to work with SAS if given an opportunity. The employees of that company enjoy working and serving the company. The basic reason that I would like working for SAS would be the Employee benefits provided to employees. These are of two types: - 1. Welfare benefits help protect current employees against losses associated with illness, disability, or death. Welfare benefits can provide flexible, low cost options that protect employees and their families against the high cost of medical expenses and the loss of earning capacity that can accompany a sudden accident, illness or death. 2. Retirement benefits help employees save for retirement and may provide income for employees in their retirement years. Qualified retirement plans typically cover substantially all employees and have special tax advantages. These types of plans are subject to somewhat complex rules to obtain tax advantages. Two broad categories cover most qualified plans: defined benefit and defined contribution. Also the work environment and the overall timings of the organization would help in reducing the worry of the employees regarding their families. It would also help them in spending time with their families, thus indirectly improve their productivity and satisfaction with the job. Question: - Would you prefer to work at SAS or at Microsoft? Ans: SAS gives a lot of benefits to its employees working with it. These benefits are very tempting but the company does not have a name and prestige as what Microsoft has. Working with Microsoft would be amazing as regards to the job content, but when it comes to choice I would prefer to work with SAS. They will not have the benefits associated with Microsoft, but yet we are working to make a living by...
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Table of Contents 1 Introduction: Australian Economy 2 1.1 Real Gross Domestic Product 2 1.2 Inflation 2 1.3 Employment 3 1.4 Current Account 3 1.5 Exchange Rate 3 2 Monetary Policy 5 2.1 Objectives of Monetary Policies 6 2.2 Demand for Money 8 2.3 Supply of Money 10 2.4 Money Equilibrium 11 2.5 Effects of Money Supply (Demand) 11 2.6 Keynesians Vs Monetarists 12 3 Monetary Policy Framework 16 4 Monetary Policy Implementation 18 5 Open Market Operations 21 6 Fractional Reserves 23 References 25 1 Introduction: Australian Economy The Australian economy strengthened as 2001 progressed, in sharp contrast to the weakening seen in most of the rest of the world. Gross Domestic Product (GDP) grew by 4.2 percent through the year to the December quarter 2001. Unemployment remained low and signs of improvement were visible in the December quarter 2001, while ongoing inflation remained within the Reserve Bank of Australia's target range over 2001. (Asia-Pacific Economic Cooperation, 2002) 1.1 Real Gross Domestic Product Real GDP increased 2.6 percent in 2001 (in year average terms) following growth of 3.1 percent in 2000. The slowing in the rate of growth in the first half of 2001 reflected the abatement of transitory factors such as the Sydney Olympics stimulus and the introduction of The New Tax System (TNTS). In the second half of 2001 Australia's growth rebounded strongly, despite weakness in the world economy. Nonetheless, over 2001 Australia was one of the strongest developed economies. (Asia-Pacific Economic Cooperation, 2002) 1.2 Inflation The Australian Consumer Price Index (CPI) increased by 3.1 percent through the year to the December quarter 2001. Various one-off factors added to inflation over that period. The price of meat, seafood, fruit and vegetables increased substantially through the year. In addition, some price effects have resulted from the events of September 11, the collapse of a major Australian insurance firm (HIH) and the second largest Australian airline (Ansett). These upwards price movements were offset...
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A NEW CLOSE VERTICAL PARTNERSHIP IN THE AUTOMOBILE INDUSTRY. EUGEN BABAN INTRODUCTION Restructuring and change have characterized the American automobile industry in the past decade. Over-capacity, increasing customer requirements, tougher environmental legislation and rapid technology development were among the most important factors behind this massive development. To stay competitive, car manufacturers and their suppliers therefore needed to continuously improve their performance. As a result more integrated relations have been developed between the powerful manufacturer and the dependent supplier. The vertical relation has changed, towards an outsourcing of activities to specialized suppliers, allowing the big companies to focus on their core competencies. But since outsourcing means that important activities are placed outside the boundaries of the firm, extended cooperation was needed to ensure efficient coordination of these activities. This requirement has forced car manufacturers to bring the relation with their suppliers to new levels (von Corswant, 2002). The question that remains unanswered though is how the suppliers may benefit from these close partnerships. The suppliers still see themselves at a disadvantage, considering that the gains of the relationship are clearly tilted in favor of the buyer. They feel that buyers use their bargaining power to force the close partnership and to increase profit, reaping the benefits themselves without sharing them with the suppliers. Totally dependent on their, in many cases, single customer, suppliers believe that creating gains in this collaborative agreement is becoming harder and harder and soon the negative effect of these strategies will reverberate through their entire organization. This paper tries to see where is the relationship between the buyer and the supplier heading to, and to investigate the sources of cooperative gain for suppliers in a context of close vertical partnership and to identify strategies that may help the suppliers to enforce these gains. Another important idea that would be analyzed in the...
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The first papers deals with: Exchange rates and the choice of monetary policy regimes -Fewer monies better monies,by Rudi Dornbusch. A century ago gold was the standard for civilization.Gradually this had become international and countries if they were not on gold,at least they were on sterling or the dollar.After world war one all that fell apart in the great depression with capital controls,devaluation and discretionary central banking. Exchange rates and the choice of monetary policies. After the great inflation of the 1970's,extreme monetary experiences in most developing nations,the past 20 years have changed monetary management fundamentally.Emerging economic trend is for independent central banks with transparency and some inflation target.Emerging trend is also towards monetary integration.In Europe they have got the EMU. In Americas progress on monetary integration is far more haphazard.Europe and Americas independence makes political integration an uninteresting issue.A national currency as opposed to a hard dollar peg,is seen as an unquestioned plus for reasons to be discovered. In Asia the discussion of monetary arrangements is picking up at the (1) behest of Japan. (Eiji Ogawa and Takatoshi Ito, 2000). Arguments against currency board arrangements 1.Sovereignty is beyond discussion because of the quality of money and the emerging economies. 2.As far as loss of seigniorage is a critical issue for public finance but any kind of stability-oriented monetary policy will yield some bonous but currency boards and dollarization presumably commands the highest bonus. 3.As far as the monetary policy is concerned,the external balance not the local central bank will determine interest rates so this issue has very little imporatance. 4.There is a concern about loss of the leader of last resort. 5.Another argument in questioning currency boards is fiscal preparedness.How a discretionary monetary and exchange rate policy can accomodate a bad fiscal situation better than a fixed rate.The savings on debt service from lower interest rate under a currency board should compensate for the loss of seignorage. Exchange rate issue Author argues that disturbance in price levels due to fixed exchange rate could be tackled by financing. For relative price adjustments partial...
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