U.s. Balance Of Payment Deficit - 1425 Words

Sustainability of U.S. Balance of Payment Deficit The U.S. has been running a trade deficit consistently since the early 1980s. There have been minor recessions from 1980 to 2008. The Great Recession starting as a result of complex financial products, which masked debt risk (McGahey, 2014). The Great Recession was not a result of trade deficit itself. The question naturally arises; can the U.S. maintain trade deficits indefinitely? Overall, Carbaugh argues that there is no economic reason why the United States cannot continue to sustain current account deficits (Carbaugh, 2013). Similarly, Karczmar quoting Herb Stein suggests â€Å"that if the U.S. deficit is a problem, and there is no solution to the problem, then there is no problem† (Karczmar, 2004, p. 9). There are risks in maintaining chronic deficits, however. The focus turns to analyzing if the benefits outweigh the risks, and if not, what can be done to reduce the deficit without negatively impacting the U.S. ec onomy overall. Both Carbaugh, and Karczmar’s risk assessments, options for keeping or reducing the deficit, and impacts of deficit reduction are explored below. Carbaugh explains that the U.S. media and trade unions myopically focus on merchandise trade imbalance while glossing over the fact that services balance has been positive (Carbaugh, 2013). The discussion turns towards services jobs paying less than manufacturing jobs. Jobs that have been created post the recession are lower paying jobsShow MoreRelatedKennedy and the Balance of Payment1258 Words   |  6 Pages Kennedy and the Balance of Payment Assignment 1- FINA6676-2 1/30/2014 Hang Pham- A00366703 â€Æ' What is President Kennedy’s U.S. balance of payment problem? In the 1960s, the United States was experiencing the balance of payment problem when its trade balance was in a substantial deficit, the US dollar was under an attack and a massive amount of gold flew out of its official reserve. Such issues in the balance of payment if exist for a long time can be a threat to the whole economyRead MoreEssay on Current Account Deficits1077 Words   |  5 PagesRun Current Account Deficits Indefinitely? (p. 361). Ultimately in the long term the answer is no, but the question could be rephrased to ask: (1) Does the United States unique position in the world economy allow the country to safely run persistent external deficits? and (2) can persistent U.S. deficits in the current and payments accounts be adjusted without bringing about economic recession or crisis? Japan, China, and Middle Eastern oil countries have enabled this deficit to continue by heavilyRead MoreInternational and Global Trade Essay1168 Words   |  5 Pagesaffects a lot of diffe rent countries when trading. Despite its work relief elements and large government programs, International Trade in a recessionary market has a big impact on every country because of the exchange rate, balance of payment, balance of trade and trade deficit. We need to trade so we can make more money and pull us out of a recession. Trading becomes more important as the years pass us by because we have exports and imports that have grown at a fast pace. When you export the peopleRead MoreEssay on The United States Current Account Deficit1251 Words   |  6 Pagessame monstrous economy also holds the title for the largest current account deficit. The U.S. current account deficit is funded from net capital inflows from abroad and has continued to grow throughout the last two decades (Holman, 2001). Economists in the early part of this century theorized that this huge U.S. external deficit was sustainable because it would gradually correct itself and in a few short years, the deficit would narrow, but this was not t he case (Holman, 2001). The United States,Read MoreAgency Problems Of Mncs.1657 Words   |  7 PagesExplain how appreciation of the euro would affect Plak s valuation. Appreciation of the euro will affect Plak’s valuation because Plak’s headquarters are located in Chicago, the increase of the value of the euro would increase the earnings of this U.S. based company. When the earnings from their European subsidiaries are remitted, Plak will see an added increase in their earnings due to the euro being worth more that usual. 7. Benefits and Risks of International Business a. As an overall reviewRead MoreWEEK 1 - 5 QUIZZES884 Words   |  4 PagesWeek 5 quiz 1. In the U.S. current account, most of the trade deficit results from an excess of imported B. merchandise 2. What is the difference between the balance of trade and the balance of payments? A. The balance of trade is only part of the balance of trade. 3. If a government has implemented significantly higher trade tariffs, but does not want this action to affect the value of its currency, it will B. buy foreign currency because the tariffs will tend to make the domesticRead MoreThe Issue Of Trade Deficit With China Essay752 Words   |  4 Pagesare also facing the issue of trade deficit with U.S. like India, Japan, and UK and the basic reasons include outsourcing, free trade and currency manipulation (Davies Thurlow, 2010). In relation to U.S. Johnson (2015) identified that since Korea Free Trade Agreement, trade deficit of U.S. with Korea has increased by 80% and more than 70,000 U.S. jobs have been lost. Moreover, in 2014 trade deficit with China raised by $ 23.9 billion to $ 342.6 billion as U.S. made $2.3 billion to $ 124.0 billionRead MoreThe Japanese Yen Currency System1505 Words   |  7 Pagessafe haven. The Japanese yen has a long history for it is the second oldest major economy in the world. This advanced economy has many peculiar traits, key economic factors, and an interesting political structure that have lead to its current balance of payments, making it th e currency system it is today. The yen has a unique history that began when the currency was established over 100 years age. The New Currency Act of 1871 established the yen as the official unit of currency and moved Japan ontoRead More Exchange Rates Essay2360 Words   |  10 PagesExchange Rates Missing Two Graphs â€Å"For many years it has been believed that if countries import more than they export and so have a deficit on the current account of the balance of payments then their currencies will tend to fall in value. Yet over the last two years the dollar has been a strong currency even though USA has had a record current account deficit. How can this fact be explained? What does it tell us about the factors, which determine exchange rates? What policy decisions with regardRead MoreInternational Economics and U.s. Exports1794 Words   |  8 PagesOutline Balance of Payments Current Account Capital and Financial Accounts International Trade Flows Distribution of U.S. Exports and Imports U.S. Balance of Trade Trend International Trade Issues Events That Increase International Trade Trade Friction Factors Affecting International Trade Flows Impact of Inflation Impact of National Income Impact of Government Policies Impact of Exchange Rates Interaction of Factors Correcting a Balance of Trade

Leadership Style And Its Affect On Teams - 981 Words

Leadership and Teams In todays work environment with undoubtedly constant business changes and ever-changing goals and objectives, it’s important to understand a groups normalcies and how the group interacts with each other. There are a variety of different leadership styles and characteristics that make up these styles. In this essay we will discuss a Participative leadership style and its affect on teams. We will review the specific tenets a Participative leader follows in order to reach goals. And how this leadership style may be very effective and what possible affects does it foster. How does this leadership styles encourage group conformity and relieve possible pressure of fitting in to a group or team. In the 1930’s Kurt Lewin argued three major styles of leadership Autocratic, Democratic and Laissez-fair (Manktelow, n.d.). Kurt’s simple but effective categorized leadership models provided a foundation to many different leadership theories. An Autocratic leader is one who makes decisions without the help or input of others. Because this leader doesn’t consult with the team, team members may feel as though their opinion doesn’t matter thus losing a team oriented atmosphere. This type of leadership may be seem as demoralizing and lead to high turn over rates and absenteeism (Manktelow, n.d.). Team members may feel unimportant and therefore take less ownership of team outcomes. A Democratic leadership style however is the almost the exact opposite ofShow MoreRelatedHow Leadership Styles Can Affect Performance Within Teams1983 Words   |  8 Pagesin the clinical ward and outlying areas. Advancements in computer technology, telemedicine and the effect s of the baby boomer generation aging are taking its toll and nursing leadership is a prerequisite to keep up with the diversities encountered. More collaboration is essential with allied services requiring nursing teams to perform effectively to match the challenges faced. Perioperative is one of the front line services and a large consumer of a health care budget. Managing the Operating RoomRead MoreLeadership Theories And Leadership Style920 Words   |  4 PagesLeadership theories and Leadership Style In workplace condition, there are numerous dynamics which may affects a manager’s leadership style. The most significant features which will affect the choice of leadership styles or leadership behavior in a workplace condition need to identify. The most important factor which affects the manager’s leadership style is ‘Task’. The task is the real purpose of the team as well as the goals of the team. A manager’s upmost duty is to be certain that all team membersRead MoreEssay about Understanding Leadership1102 Words   |  5 PagesUnderstanding leadership Learner name: Learner registration number: Note: The ‘lines/box’ below a question is for guidance purposes only. Marks are not deducted for writing more. It is perfectly acceptable for all answers to be continued on additional forms provided they are attached to the assignment when making a submission. The availability of the form electronically allows learners to expand the ‘lines/box’ as required. | UNDERSTAND LEADERSHIP STYLES 1.1 Describe the factors thatRead MoreDifferent leadership styles in the public service Essay example1148 Words   |  5 Pagesï » ¿Different leadership styles in the public services Team leaders and there roles in leadership There are several different leadership styles used within the public services. Therefore there are many varied suggestions that define someone as being a strong leader. However a ‘leadership style’ is a unique style that people recognise to encourage or influence other people in a way others do not so that they admire and want to be like. A team leader’s role in the public services is to provide instructionRead MoreThe Affect of Change in Leadership1409 Words   |  6 PagesThe Affect of Change in Leadership David Downin Dr. Sam Sanders Abstract Leadership is an area of growth. The person in a leadership position is set to guide the minds of the people beneath him or herRead MoreLeadership Style at Google Inc1634 Words   |  6 PagesLeadership styles Google Inc. is a multinational public corporation based in America that has invested in internet research and cloud computing basically from advertising through the AdWords program it has set up. The corporation has been successful and is ranked among the top 100 companies to work for. A leadership style is a style used by leaders when it comes to providing direction, implementation of plans as well as motivating the people. Different leadership styles are exhibited by leadersRead MoreLeadeship Styles and Theories1659 Words   |  7 PagesLeadership Styles and Theories Introduction Leadership effectiveness is always challenging for any organizational leader. Especially with the fast paced global market that is constantly changing and requiring the organization and its leaders to adapt quickly in order to remain effective. Therefore, developing the right style becomes an important role in the ability and the effectiveness of a leader and his team. Knowing the different leadership styles, will enable leaders to choose the rightRead MoreLeadership Styles And What Would Work For An Organization873 Words   |  4 PagesLeadership Style Self-Assessment Being the leader of any organization shows you have the ability to dominant and control others. This being said there are many theories and studies that have been done to determine different leadership styles and what would work for an organization. Many of these studies have shown participative leadership is the most effective style, but leaders need to change the way they solve problems based on that specific situation. (De Poel, Stoker, Van der Zee, 2012). AccordingRead MoreNotes On Life Styles Inventory979 Words   |  4 Pages Life Styles Inventory Jameka S. Carter Ms. Hallcom 9/14/14 â€Æ' Life Styles Inventory Introduction Individuals possess different skills that have an impact on their thinking and management style. The style varies from individual to individual depending on their opinions, perceptions, thoughts, and skills. The Life Style Inventory is a tool, which can be used to analyze and evaluate the management and leadership skills of an individual. The LSI has different styles and individuals can rateRead MoreHealth Care Outcome Factors1532 Words   |  6 Pageschoices and community environments, while internal factors include the care provided at all organizational levels. This care is provided both indirectly and directly to patients through organizational units, departments, and multidisciplinary care teams. Research studies provide the opportunity for assessing both internal and external factors and creating an evidence base to improve health care outcomes (Finkelman, 2012; Schmidt Brown, 2012). The process of implementing these standards of care,

Julius Caesar Essay Example For Students

Julius Caesar Essay William Shakespeares play, The Tragedy of Julius Caesar, is mainly based on the assassination of Julius Caesar. The character who was in charge of the assassination was, ironically, Marcus Brutus, a servant and close friend to Julius Caesar. But what would cause a person to kill a close friend After examining Brutus relationship to Caesar, his involvement in the conspiracy, and his importance to the plot, the truth can be revealed. Marcus Brutus, a servant and close friend to Caesar, has a strong relationship with Caesar but a stronger relationship with Rome and its people. Brutus is very close to Caesar. In Roman times, the only way for someone to get close to a person of high rank is if he/she is close to him/her. In many points of the play, Brutus was talking and next to Caesar. Brutus also loves Caesar but fears his power. In the early acts of the play, Brutus says to Cassius,  «What means this shouting I do fear the people do choose Caesar for their kingyet I love him well.  »(act 1, scene 2, ll. 85-89), as he is speaking to Cassius. Brutus loves Caesar, but would not allow him to  «climber-upwardHe then unto the ladder turns his back »(act 2, scene 1, ll. ,26). Now that Caesar had control over the lands of Bituriges, Vercingetorix started to lead his army to the Boii oppidum of Gorgobina whom Caesar had settled under the protection of the Aedui after he had defeated them in battle. Caesar sent word that he was going to help them. On the way he stopped his troops at Vellaundunum, oppidum of the Senones, and set up siege. He didnt want to leave any enemies behind him who might get in the way of the grain deliveries and supply. His siege lasted three days before a deputation was sent out to surrender. The Carnute had only jus heard of the siege at Vellaundunum. They gathered troops to garrison Cenabum, the Carnutes stronghold. The Carnutes had expected the siege to last longer than it had and were suprised to see Caesar camped outside of the town. The Carnutes decided to escape over the bridge at the back but Caesar predicted they would try that and sent troops to guard the bridge during the night. When Julius heard of the escape, he set fire to the gates of the Oppidum and entered because the bridge and roads were so narrow, that few inhabitants escaped. Julius Caesar stated that cowards die many times before their deaths; The valiant never taste of death but once. Julius Caesar had lived, and died by this principle. The assassination of Julius Caesar was a somewhat cruel one because he was stabbed in the neck and the groin while some say that he fought and resisted by shifting his body to avoid the blows, and calling out for help. When Julius noticed that his brother Brutus had drawn his sword, he covered his face with his robe and submitted, letting himself, whether it were was by chance or that he was pushed in that direction by his murderers. At the foot of the pedestal on which Pompeiuss statue stood, was wetted with his blood. Julius Caesar was feared by many because of his ambitiousness. That is why the senate tried to keep him from becoming Consul. He was one of the best leaders of the Roman Empire because he cared more for the empire, than himself. He was truly a very intelligent man who wanted to be King. It was too bad that he was assassinated but he said himself that cowards die many times before their deaths; The valiant never taste of death but once. Yahoo search

Weapons Of The Middle Ages Essays - Projectile Weapons,

Weapons Of The Middle Ages Every culture's arsenal is based on the technology and raw materials available at the time. Prehistoric peoples, often called the Stone Age cultures, made wide use of stone, shaping axes and grinding tools, and creating spears and arrows in order to promote their survival. As technological skills evolved, so did the type of implements used for survival. During the Bronze and Iron Ages, we see the development of metal tools and weapons, which persisted through the Middle Ages, which were dramatically altered over time. Finally, the appearance of gunpowder in Europe in the early 14th century brought about the obsolescence of many weapons - and made the castle useless as well. While the castle was, arguably, the most formidable weapon of medieval warfare, when we generally think of weapons we think of something much smaller, movable, and able to wreak havoc and death on an opponent. During the early Middle Ages, double-edged swords, axes and metal-headed spears dominated. Short bows and arrows were also used. Interestingly, the Saxons considered the value of a sword to be the equivalent of 120 oxen or 15 male slaves, and any man possessing a sword had great status. Simple to construct and easy to wield, these weapons remained popular, in various forms, throughout the Middle Ages. And by the 9th century, the Vikings adopted another formidable weapon - the battle-axe, with its trumpet-shaped blade and wreaked all sorts of havoc with these heavy axes. As the first millennium approached, new and more devastating weapons appeared. First and foremost was the crossbow, a vicious device still used in modern times. Known in Norman Europe, the crossbow probably developed alongside one of the earliest forms of siege engine, the ballista. So destructive was the crossbow that the Church banned its use in 1139. But, the decree did not deter advocates of this mighty weapon. Indeed, the most prized members of a castle's garrison were those who wielded the lofty crossbow. During the 12th century, the three most prevalent weapons were the sword, the battle-axe and the spear (or lance); however, the crossbow rapidly gained popularity. Combined with the increased prevalence of horse warfare (which eased movement and gave an advantage to its warring riders who carried spears) and the introduction of massive siege engines, these hand-held weapons allowed invaders like the Normans to overawe less technologically-advanced peoples. The peasants, on the other hand, generally fought back with the only weapons in their possession: the tools that they used to till their fields and tend their homes - hayforks, flails, sickles, axes, clubs with spikes, and boar-spears. Interestingly, these same tools eventually became an integral part of the weapons inventory of most armies. Siege engines were critical participants during any major onslaught on a castle. Catapulting stone missiles or huge arrows, these massive machines pounded the thick masonry walls. Yet, on their own, siege engines often were inadequate to bring down a fortress. So, other tactics were employed at the same time as the siege engines were pummeling the walls, including undermining, whereby sappers dug mines, or tunnels, underneath towers. The mines created instability and caused the structures to topple. Types of siege engine include the ballista, the mangonel, and the trebuchet. From inside a castle's walls, soldiers had a somewhat restricted selection of weapons to use to defend their lord and his fortress. In addition to arrows, the garrison frequently threw down stone missiles, crushing invaders. They also relied upon Greek fire, a volatile combination of petroleum and oil and other natural products, which generated a highly flammable substance that burned on water and was excruciatingly hot. Apparently, Greek fire was used to make incendiary arrows, but could also be blown through tubes. The 13th century saw the modification of swords, which could then rend a knight's protective armor. Short stabbing daggers were also used, as were a variety of axes (some of which were equipped with spikes), clubs, maces, spears, crossbows, and the sling. The most significant development of weapons technology during this century was the longbow, mastered by the Welsh decades earlier. During the early 14th century, the course of weapons technology was forever changed with the introduction of gunpowder, which