Very importantly, workers should be better protected from employer intimidation when attempting to organize unions. Businesses need to take employees seriously and understand that although it will cost more to pay a union income, it benefits the employees’ welfare and may improve their individual performance. Mass transit should also be improved. It will help economically and environmentally. And finally, employment insurance should be extended as well.
Using named examples, assess the advantages and disadvantages of top down and bottom up development strategies (15 marks) Development is the ways in which a country seeks to develop economically and to improve the standards of living for its inhabitants. Numerous development strategies both top down and bottom up can be used by countries to help them progress. However, while these may be advantageous in certain areas, not all strategies are as effective everywhere and thus problems can arise with top down and bottom up development schemes. Top down strategies are generally capital-intensive and often conducted by the government. The main criticism of these schemes is the fact that the money which is supposedly meant to aid the poorest people in the country who are most in need is actually diverted to those who are richer instead.
China The massive trade surplus, large foreign exchange reserves, low cost of goods, and massive market size are the main strengths of the country. The economy is still undergoing a transition to more of a market economy. However, policy makers are committed to making these changes (China Business Forecast, 2014). Some of the weaknesses in the Chinese market is the over-supply of residential housing, resulting in ghost cities. The banks are under-capitalized in their inadequate financial system and this increases China’s banking sector risk (IHS, 2014).
Suggest why some people and not others benefit from the growth of Transnational Corporations (TNCs) Some people benefit from the growth of Transnational Corporations than others. MEDC’s benefit from the growth of transnational corporation because of cheaper imports from LEDC’s which benefit the consumers in MEDC’s as the prices will be cheaper, resulting in high produce, cheap price and ability to appeal to its market and compete with other companies. Another benefit of TNCS is that the loss of industry to LEDC’s can improve the environmental quality in MEDC’s, therefore reducing their CO2 emission and helping combat climate change. LEDC’s do to some extent benefit, as the workers has access to employment and the development of new skills. This will mean the population will have more money which will go into the economy, this will mean more income for improving infrastructure and services.
Besides helping American’s economy improve, Roosevelt’s New Deal also focused on the relief and reform the society. The program made Americans to put more trust on their government, and helped to improve Americans’ lives. It also emphasized the government’s roles on the economy and society. Although Roosevelt’s New Deal still have some problem, I think Roosevelt’s plan definitely is a good economic program that helps to stimulate and stabilize American’s economy. I have learned some valuable lessons from the depression era and Roosevelt’s
Negative public perceptions of this process can sometimes trump private or public efforts to revitalize communities. Nearly anywhere one turns in the United States, especially in the older communities of the North East and South, has a case of economies and employment rates suffering the most from post-industrial globalization era. This is due to the concept of using gentrification as a means to economic development has become so popular and
The government's provision of incentives motivates the private sector's expansion in a relatively new market setting. This government intervention helps latecomers to the market have ample opportunities to succeed in the face of high entry costs and existing competition. Through this role, the government ensures that the market risks are low enough to the point where the private sector will invest. These accommodations at the beginning of each industry's life cycle were meant to give industries across the board a solid foundation. Essentially, the nurturing of these so-called infant industries prepares them for entering into a self-sustaining market.
Immigration contributes critically to the economy of the host country, either positively or negatively. This paper has argued that immigration should be encouraged in order to improve the host country’s economy because there are obvious benefits to the economy of the host country in terms of state revenue, the labor market, and country development. Although, some might argue that immigration leads to mass deportation, and an increase on border-patrol budget as well as a decrease in the wages of native-born, high-skilled workers. As discussed before, immigration increases gross domestic product and provide cheap services, enabling high-skilled, indigenous workers to focus on their work more, rather than doing domestic jobs, such as house cleaning. Moreover, immigrants create innovations, such as Google, and they increase the number of scientist in the U.S. As a suggestion, the host country should inspire companies to employ workers depending on their experience, so immigrants have a great opportunity to compete with the natives.
Throughout the history, human beings had experienced rises and falls in terms of the quality of life standards. What is seen as peculiar to the modern times is that the economic development began to rise constantly, by changing the speed among periods and regions. This economic growth was associated with certain proximate causes such as new techniques providing productivity and efficiency in functioning of machines and also of human capital. However, some deeper causes have been recognized recently, such as social and political institutional changes. In this paper, I will discuss this latter explanation, i.e.
(2014), market economy playing a significant role in reducing poverty. Poverty reduction can be achieved by closer economic integration and higher level of globalization. (Bergh & Nilsson, 2014). Rural diversification can help to alleviate poverty (Hoang et al., 2014). Besides, entrepreneurship act as a pathway to solve poverty by helping them creating their own business (Bruton et al., 2013).