6) Assume you are an American exporter in 1895. What currency would you most likely want to receive for business transactions? A) U.S. dollar C) German deutschmark B) British pound sterling D) French franc 16) Which currency played a central role in the Bretton Woods system? 7) ____________________ focused on the need to reduce the debts of troubled countries by writing off the debts or by providing the countries with funds to buy back their loans at below face value. 21) The ________ was created to manage currency relationships within the EU.
He is also the Co-Founder and Co-President of the Initiative for Policy Dialogue at Columbia University, and Co-Chair, Columbia University Committee on Global Thought. Professor Stiglitz was the Chairman of the Council of Economic Advisors from 1995 – 1997 and Senior Vice President and Chief Economist of The World Bank from 1997 – 2000. In 2008, he was appointed by French President Nicolas Sarkozy to chair the Commission on the Measurement of Economic Performance and Social Progress. In 2009, he was selected by the President of the United Nations General Assembly as chair of the Commission of Experts on Reform of the International Finance and Monetary System. (Stiglitz J. E., Brief Biography of Joseph E. Stiglitz, 2012)
He also increased industrial and agricultural production with his policy of collectivization. He carried out purges or the harsh movements against his enemies to make sure he kept total control of the U.S.S.R. Stalin made several changes in the Soviet Union. He did this by modernizing the economy by setting up the Five-Year Plan. In document 1, Stalin's speech uses nationalistic pride to motivate the people. Stalin was trying to push the people so they can be an advanced country.
Discuss the roles and relative importance of TNC’S and NIC’S in the changing global economy An economy is the activities related to the production of goods and services within a specified geographic region. If countries trade goods and services with each other, their economies interact, it can happen on a global scale, this is known as globalisation. A TNC, transnational corporation is a company that has power to coordinate and control economic operations in more than one country. Examples of this would include BP, Wal-Mart and coca cola. NIC’s are newly industrialised countries in the developing world that have undergone rapid industrialisation since beginning of the 1960’s.
Part A: Short Answer (3 points each): Document #1: According to Jacob Riis, what problems developed as a result of urbanization? Document #2: According to Du Bois, what should be the role of African Americans in society? Document #3: Explain how each piece of Progressive legislation listed granted citizens greater participation in state governments. Document #4: What effect did the Clayton Antitrust Act have on monopolies such as Standard Oil? Document #5: Based on the graph and your knowledge of United States history, how did industrialization affect the activity of American business in international markets?
Compensation 5.6 Definition 5.7 Types of Compensation and Benefits 5.8.1 Base Compensation 5.8.2 Variable Compensation 5.8.3 Supplementary Compensation 5.8 Conclusion of Compensation 5. Conclusion 6. Bibliography 1. Introduction The aim of this academic report is to find out the meaning of the terms “ergonomics, compensation and specialization” in relation to production and operations management. Thereafter these terms are explained in detail giving their objectives, advantages and disadvantages.
Modernization Theory The modernization theory was created as a means of an explanation on how industrial societies, predominately the United States and Europe, advanced. Modernization theory is a description and explanation of the processes of transformation from traditional or underdeveloped societies to modern societies. According to Rostow’s modernization theory, societies develop in the same stages, which become more complex with each stage. Rostow, wrote a book called Stages of Economic Growth in 1960, which introduced a five stage model in which every country needed to complete in order to be considered a developed country. The five stages were as follows: 1) traditional society, 2) preconditions to takeoff, 3) takeoff, 4) drive to maturity, and 5) age of high mass consumption (Rostow, p.52).
After the independence in August 1957, the economy shifted from agriculture to industrialisation; an import-substitution strategy was adopted to reduce dependency on primary sector and simultaneously diversify the economy. By the late 1960s, with the exhaustion of import substitution, the Malaysian government made the transition to exportoriented industrialisation. The May 1969 election and ensuing race riots resulted in the increased state