During the Cold War era, the USA's economic position may have been strengthened due to its increasing political influence as one of the world's leading powers alongside The USSR, which had a GDP that made up 10% of the world's economy in 1950. The competition between these two dominant powers served as motivation for them to increase and solidify their super power status through militaristic, scientific, political and economic means. By 1998 The USA remained the world's leading economic power with Japan having the second largest economy, constituting 13% of the world's GDP. It can also be seen that The USSR had lost its position in the top 4 due to the collapse of communism – negatively impacting on Russia's economy as it was no longer bolstered by its buffer states in Eastern Europe that contributed to Soviet industry. With
Timothy T. Riley SOC-100 October, 20, 2013 David Claerbaut Globalization: A Closer Look In today’s economy multinational corporations are outsourcing at an astounding rate. These conglomerates are making their mark through dominating the business arena through globalization and world trade. Companies like Ford motor company, General Motors, and Wal-Mart just to name a few are considered to be the major power players in the industry. Multinational companies are considered a threat to national independence to secure satisfactory working environments. The world’s fortune 500 companies controlled an astounding 70% of the trade market, and 80% of foreign investment, and 30% of the (GDP), gross domestic product.
From the years 1780-1832, Manchester, England was a leading textile manufacturing city soon after its first industrialized cotton mill was built in 1780. The city’s population boomed during the years of the industrialization increasing from 18,000 to over 300,000; predominantly made up of the working class and immigrants. In addition, Queen Victoria granted Manchester a royal charter after her pleasant visit during 1851, acknowledging the city’s great progress and giving it special privileges because of its success. Although many positive effects came from the textile manufacturing and growing population, the repercussion of its health issues, low morale, along with its working and living conditions overshadow its accomplishments. The industrialization of Manchester was successful for the modernization of man, yet its growth also raised many concerns in society.
Easy jet is the largest air line in terms of passengers volume – ‘59 million’ (Easy Jet corporate media file, p.3) in UK and internationally across 30 countries with flight scheduled services of ‘600 routes’ as well as the fourth largest short-haul carrier in Europe with a market share of ‘8%’ (Easy jet annual report, 2012, p.12). In order to promote efficient service to customers, they introduce speed boarding that gives passenger’s greater choice over their seat arrangements. Furthermore, the volumes of passenger’s turnover have increased their financial performance to ‘£317 million’ (p.9) profit before tax and after tax of ‘£255 million’ (p.19). Their annual report can be assess at http://2012annualreport.easyjet.com/downloads/PDFs/Full_Annual_Report_2012.pdf and http://corporate.easyjet.com/~/media/Files/E/Easyjet-Plc-V2/pdf/content/press-info-kit.pdf a. Table: The vocabulary of strategy in Easy jet airline (2012 annual report) Term Definition Example (including why chosen and evidence Mission Overriding purpose in line with values or expectations of stakeholders Their mission statement is to ‘leverage cost advantage, leading market position, and brand to deliver point-to-point low fares with operational
By the dawn of the nineteenth century, however, the conditions for an unprecedented cotton boom had emerged: rapidly rising demand from British textile industry, following innovations in spinning, weaving, and steam power technologies; improvements in ginning technology which facilitated the easy separation of the fibers from the seeds; the availability of inexpensive land with soil and climate conducive to the growth of cotton; and strong legal and political institutions securing the maintenance of an enslaved labor force. By 1801, the annual production of cotton had increased to 48 million pounds, in 1860, it stood at a phenomenal 1,650 million pounds. As early as the 1830s the United States produced more cotton than all other countries combined, and the value of cotton exports exceeded the value of all other American exports put
Chapter 4 4.1 Australia’s place in the global economy * Ranks 13th in the world – advanced economy * In 2011 australia had the 2nd highest hdi level in the world * To really understand the impacts of change in the global economy on an individual economy, we must understand the linkages between the individual economy and the global economy. 4.2 * Trade has always represented a high proportion of Australia’s economic activity – always been overseas markets for Australia’s primary commodities, minerals and agricultural products. * Since 2007 China has been Australia’s largest trading partner. As well as ASEAN. * Primary industries are the main focus of Australian exports as Australia has a comparative advantage
Merchandise has traveled from manufacturers to store who attempt to sell the items to customers (retailindustry.about.com, n.d.) Retailers are woven into the fabric of nations’ economy. They include department (Sears), discount (Walmart), specialty (GAP), and big box stores (Best Buy). The industry was the second largest employer in 2010 accounting for 12.1 % of all private sector jobs. There economic contribution including direct, indirect, and induced totaled 28.6 million jobs and $1.9 trillion of the gross domestic product (GDP) (rila.org,
Florida’s Palm Coast has nation’s biggest unemployment jump by Jeff Harrington for the St. Petersburg Times on January 5, 2010, reviews the statistics of Palm Coast. “Palm Coast, with an unemployment rate of 16.8 percent, is the largest city in Flagler County, which has the highest unemployment rate among any Florida county.” Palm Coast was once seen as the largest growing city in the nation because of the cheap homes and jobs that seemed enticing to Northerners. Too many people moving in at the same time meant a high demand for jobs that just weren’t
Organizational Ethics Amy Chaney ETH/316 October 7, 2014 Scott Myers Organizational Ethics World class service is what gives a company an advantage against its competitors and United Parcel Service (UPS) has been a leader since 1907, UPS is the largest package delivery company worldwide it is also a global provider specializing in logistics and transportation service. UPS started out as a messenger service and move into a logistics company. “UPS has grown into a multi-billion-dollar corporation by clearly focusing on the goal of enabling commerce around the globe” (UPS: About UPS n.d.) This paper will address how ethical principles can be used to address organizational issues. It also addresses the role that external social pressures have in influencing organizational ethics, how these issues are relevant to organizational and personal decisions and the relationship between legal and ethical issues. UPS is committed to a business code of ethics that is in compliance with ethical principles.
Fiscal Policy Fiscal Policy The national debt is a consecutive sum of every deficit less every surplus, from the time when George Washington was president. During its 236 years, the United States has borrowed more money than it has saved, so the U.S. is in debt not only to its national citizens but also to foreign governments by about $15.8 trillion and rising (U.S. debt clock, 2012). The U.S. can borrow money through the Department of Treasury’s issuance of bonds, which acts as IOUs from the federal government. Because Treasury bonds are a safe investment, they are easily acquired on the open market by U.S. businesses and households as well as foreign governments, businesses, and households. The deficit and the debt are not the same thing