The Global Financial Crisis And Protectionism - 1454 Words

Title: The Global Financial Crisis and Protectionism Question: During 2008~2009 many developed nations gave subsidies to their automobile producers. How might this have distorted international trade? Was this a reasonable thing to do given the circumstances? Introduction There was an empirical research study on the effect of protectionism on the Gross Domestic Product (GDP) in the United States (US). According to National Bureau Of Economic Research, â€Å"a generalized 10 percent hike against emerging Asia improves the US current account balance as a share of GDP by a mere 0.1 percentage point. The effect disappears after about two years, and in the absence of further adjustment in net saving, it may even revert sign.† So it implies that the protectionism has many negative aspects on one’s economy contrary to the nation’s belief. I could find reasons why protectionism affects international trade in negative ways from several research papers. In this paper, I tried to verify those reasons by using certain economical models. 1. Protection measures benefit domestic producers and affiliated other parties, but society pays the price. Assumption 1) Domestic and foreign automobile products are a perfect substitution. 2) Government offers the domestic producers subsidies by â€Å"s† per every produce. In order to protect less competitive domestic automobile producers, the government offers subsidies to them. It makes the domestic automobile producers feel that cost is reduced andShow MoreRelatedThe Global Financial Crisis and Protectionism675 Words   |  3 Pages------------------------------------------------- The Global Financial Crisis and Protectionism QUESTION 1: Why do you think calls for protectionism are greater during sharp economic contractions than during boom periods? * Protection of their own economic industries and to curb job losses * Interdependent economy to lessen the impact of economic loss on food, fuel and property prices * To protect job losses at national producers and possible bankruptcy * Developing countries wereRead MoreEssay The Global Financial Crisis and Protectionism617 Words   |  3 PagesQuestion 1 Why do you think calls for protectionism are greater during sharp economic contractions than boom periods? Answer: Calls from business for protection could be based on the fact that in times of sharp economic contractions there is generally a reduced demand for goods and services within the local market. This results in foreign companies and their goods and services competing with domestic companies and their goods and services in a local market characterized by a reduction in demandRead MoreThe Effect of Recent Financial Crisis and Regulatory Implications in Asia1532 Words   |  7 Pageseducation. Now on the larger scale is the impact on the institutional level of the global financial crisis. The financial crisis began in United States in 2007 and spread to other countries. The crisis was triggered by a liquidity shortfall in United States banking system and resulted to the collapse of financial institutions. Asia is one major continent in which the recent financial crisis had spread. The impact of the crisis had far reaching effects on the economy of Asia than many people had anticipatedRead MoreThe 2012 Global Financial Crisis2365 Words   |  10 PagesIntroduction The 2008 Global Financial Crisis (GFC) was the worst crisis in history, and has wide range and deep effects on the world financial system and relations (Peihani 2012). The vulnerability of the world financial system was exposed from the 2008 GFC (Mohamed 2011). Hence, countries are trying to find a solution for the heavily market-relied global financial system, and protectionism has drawn the attention from a great portion of countries and researchers (Viju and Kerr 2011). Mohanmed (2011)Read MoreMemo to Chiquita Brands International Essay1748 Words   |  7 Pagesnature threatening the existence of a big player in the banana market, I have tried to go back to history of the company of highly political nature of the international policy making in this trade. I have tried to understand the role of protectionism in the global banana market as it has created a lot of problems for players like Chiquita Brands International. After a careful evaluation of the whole issue threatening the e xistence of our company, I have tried to find the way out. Politics and ChiquitaRead MoreThe Financial Balancing Act1315 Words   |  5 PagesThe Financial Balancing Act Name Institutional Affiliation: The Financial Balancing Act Do you agree with this view? I do not agree with the view provided in the article. Governments and policy makers must enhance the emerging economic growth prospects in order to adjust financial markets and globalization. The current era of globalization has been characterized with financial imbalances and governments must learn to navigate a financial landscape that is fragile. Without the governmentRead MoreSummarization of Article; ‘Finding Your Strategy in the New Landscape’ by Pankaj Ghemawat930 Words   |  4 Pageschanging of business environment in developed countries. The authors predicts that in the next decades the business environment will be characterized by a slow global growth, high unemployment, volatility in the financial markets, costlier capital, a greatly expanded role of government, an increase of taxation or even increased of protectionism. The author however has revealed a huge potential in the emerging market in India and China. Therefore, this article has tried to explain on how the changingRead MoreGlobalization: The Route to Global Destruction Essay675 Words   |  3 Pages Globalization is a confusing concept. For some it conjures up images of electronic communications: an email, global media, and popularization of mobile phones. For others it is about trade: the ability to buy coca-cola in rural villages in Africa. For yet others it is about misappropriation and greed: the suicide of Indian peasant farmers ruined by agri-business and genetically modified seeds. From now on, I will present the negative effects of globalization. nbsp;nbsp;nbsp;nbsp;nbsp;?gGlobalizationRead MoreWhat Is The Rising Tide Of Nationalism In Trade1237 Words   |  5 PagesThis implementation of nationalist trade protectionism has in solitude served to corrode the openness, trade, and global growth which vitally fuel the national interests which these ideologies seek to defend. While protectionist trading measures have offered an efficient means of opening autonomous and advantageous trade for nations, these measures in isolation regularly fall short of promoting genuine free trade at a global level; instead eroding the global trading system in a web of inconsistentRead MoreElements of The Global Economy Essay2119 Words   |  9 Pagesmore valuable, and therefore restrain people from demanding gold. Instead of increasing interest rates, the Federal Reserve should have lowered rates in order to stimulate the economy. During the mid 1800’s, numerous countries began to adopt the Global Standard in order to establish transactions in a booming world trade market. The Gold Standard was helpful in guaranteeing that any amount of paper money would be able to be redeemed by the currency’s government for the value in gold. This standard

Ike Ethics And Society - 1324 Words

IKEA GB590: Ethics in Business and Society Unit 2 Assignment Nicola Jones Baker Prof: Jackie Deem January 16, 2016 Introduction In 1995 one of IKEA suppliers in India was named for using children for labor in a rug factory. This was alarming to the IKEA Corporation. This news could have been damaging to the entire company if the right preventive measures were not taken. IKEA had to decide on their viewpoint on child labor and then had to make sure that what they did then and in the future was adequate to society standards. They will be watching to make sure that IKEA is true to its word. Stakeholders Stakeholders are people who directly or indirectly affect a company’s ability to operate. In this case, employees, suppliers, customers, NGOs are stakeholders in the success of IKEA‘s operations. Without the stakeholders IKEA will not be able to function. Their part in the process is critical to the foundation and logic of the operation of IKEA’s global needs. The operation of a business take all the stakeholders working together to make it a success. Their actions could have a huge influence on the different segments of the IKEA. Everything that the stakeholders do will affect the operation. IKEA’s stakeholders’ actions in the public view could affect the way people value IKEA to society. The reports on television could cause the company many issues. If child labor was used by one of IKEA suppliers then society with believe that IKEA as aShow MoreRelatedHonda Company Business Plan1689 Words   |  7 PagesHONDA THE POWER OF DREAMS Sameen Kukar Bus115.05 11/29/2011 professor- Steven Saltzman Table of Contents Customers and Competitors Human Resources Globalization Code of Ethics Sustainability Information and Technology Operations Planning Leadership and Motivation Organization Finance Executive Summary. Sochrio Honda was the founder of the Honda Company. 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Like, how the Hurricane Ike destroyed the supply of clean water sources in houses in Galveston, Texas and it was only after that, people there along with Fishman himself realized the true value of water. That it wasn’t all abundant. â€Å"You couldn’t trust the water you were showeringRead MoreExam Malpractice3683 Words   |  15 Pagesfor onward transfer via sms to other students anywhere in the country. Student’s personal digital assistants or cell phones can beam or cell data silently from across a classroom or with a cell phone from anywhere off the school environment. 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Sedgwick states that â€Å"in any male-dominated society, there is a special relationship between male homosocial (including homosexual)Read More William Faulkners Use of Shakespeare Essay5388 Words   |  22 Pagescase of Christmas, Hightower tries to save the man’s life by fabricating an alibi for Christmas. â€Å"Men!† he screams at the mob, â€Å"Listen to me. He was here that night. He was with me the night of the murder† (439). While Hightower’s situational ethics ultimately fail to save Joe Christmas from the hands of the racist mob, his intervention on Christmas’ behalf marks a major point on Hightower’s progression toward self-awareness, social engagement, and personal responsibility. What is interestingRead MoreThe Nature of Nature15064 Words   |  61 Pageslibera. :ions. True Freedom by Nature does not mean doing what you want to do -.henever you wish to do it; real freedom means having the opportunity and t 5~pport to do what is right to the best of your knowledge and ability as ; . ~:ctated by your society and the receipt of equal justice for all under I : :he law. Freedom of speach by Nature does not mean that one person should I:e allowed to slander and vilify another person because he or she wants to ! :r for a dramatic news story. True Freedom by

Oil Use in Latvia Free Essays

Executive sum-up Oil as a natural resource is widely used across the universe in fabricating other of import merchandises. United oil in Latvia is one of the taking companies in the industry of oils and other petroleum merchandises, which is located in Baltic part. The company was set up in 1994, and for about 20 old ages, this company is celebrated and good known when it comes to the production of oils, petrochemicals, lubricators and dozenss of oils. We will write a custom essay sample on Oil Use in Latvia or any similar topic only for you Order Now The usage of oil has increased in Latvia, and this is the ground for high production. However, it is of import that the company realizes the jobs created by the industry of oil and the impacts that oil has to the environment. Example, development of oil has both economic and societal jobs to the society. In add-on, it is besides of import to understand the positive consequence that oil has on the society in footings of trade and economic development. The most of import portion is the company to understand the positive and the negative consequence that industry of oil goes through before the concluding merchandise. Oil production is connected with emanation of pollutants and other volatile organic compounds like methylbenzene, xylols and benzine into the ambiance. The most unsafe portion is that exposure to these compounds has important consequence to the wellness of people such as ; annoyance of the eyes, respiratory system and tegument. Overview of the subject It is of import that Latvia understands oil is a natural resources, which is at hazard of development. The usage of oil production of oil in Latvia has been on addition due to its major applications in the part. However, the usage of oil has been influenced by engineering such as transit, domestic usage, and other contraptions in the state. As a consequence of increasing utilizations of oil and the increasing demand, oil has become one of the trading resources in Latvia. This is because there is an available market for this merchandise. The usage of oil in Latvia has been increasing for the past 10 old ages. However, the usage of oil was high in 2012 and 2013. The following tabular array shows how oil was used in different sectors Latvia. 2012 2013 2013 as % of2012 Transformation sector* 49 540 43 294 92.3 Industry 34 899 33 542 98.0 Conveyance 50 937 51 011 97.2 Agribusiness, forestry 6 096 5 771 97.3 However, the ingestion of oil sometimes remained stable, until the industries like agribusiness, fishing, conveyance were expanded. Initially, the size of these industries merely used a little sum of oil. The domestic usage of oil has been worsening over the old ages, while the usage of oil in other sectors has been bettering. In 2011, the production of oil reduced significantly in the company. As a consequence, about the whole sum of oil used that twelvemonth was imported due to deficits. Oil has besides shaped Latvia concern in many ways that resulted to the enlargement of the market. In 2013, Latvia joined Eurozone, which will assist in economic growing. The production of oil in Latvia has besides resulted to enlargement of concern in Latvia. The fact that Latvia trades with other states, this has expanded concern dealingss with other states like Russia. It is of import to observe that Latvia depends about 100 % on imported oil, which is imported from Russia. Russia has been the chief manufacturer of oil for many old ages, and imports a big per centum of oil across the universe. In Russia, oil is found in most parts like Western Siberian. However, the worst portion is that these parts have been exploited from 1970s. As a consequence, the production of oil has reduced to 1/3 of the original oil produced. The development of resources has influenced the economic system both socially and economically. This includes deficiency of occupations and decrease of the GDP that affects the growing of the economic system. On the other side, the development of oil agencies that the production reduces significantly. Therefore, the monetary values of oil became significantly high in Latvia, which increased the cost of production in companies and the cost of merchandises. Additionally, high monetary values are besides a major cause of high criterions of life. Further, the development of resources has besides caused environmental effects like pollution. Key Wordss There are several words that will be used to depict the findings in this undertaking. These words include ; Pollution- This is a term that will be used to depict the effects of oil to the environment GDP- this will depict the consequence that oil has on Gross Domestic Product Cost of living- This will specify the effects that oil has on life conditions in Latvia Production cost- This term will depict how oil has influenced the cost of bring forthing other merchandises. Exploitation-This will specify the badness of oil usage, which will specify how the beginning of oil has been utilized. Findingss The industry of oil has existed in Latvia for many old ages. The job is many states produce oil without recognizing the consequence that oil has to the environment. In add-on, other companies are non cognizant about the importance of prolonging natural resources to avoid development. In most instances, there has been development of resources where resources are over utilised in many states. The ground for development is that these states concentrate on doing money without believing that they should prolong the environment. Oil is one of the natural resources, which is widely used across the universe compared to other resources. For case, Oil United Company in Latvia is the taking company in the production of oil merchandises. However, the chief job is although this company uses oil, it must be cognizant about the importance of prolonging oil as a natural resource. In add-on, the company must besides be cognizant about the environmental effects caused oil industry. This undertaking was to find the usage and production of oil in Latvia. This undertaking was besides aimed at finding the effects of oil to the environment. However, the most of import portion was to find whether the oil is exploited or sustained. Therefore, this undertaking was to educate the companies fabricating oil the importance of prolonging natural resources. This is to fix them for the demand to implement other options because natural resources are running out of clip. The overexploitation of oil agencies that shortly, these companies will miss natural stuffs and this will hold an impact on the production of the company and general activities. From this undertaking, there are several findings that will be of import to United Oils company in Latvia. From this undertaking, the undermentioned consequences were recorded ; Oil is a natural resource that can be exploited easy The usage of oil in Latvia is high both in industries and for domestic used Oil production contributes to environmental pollution through the emanation of harmful substances into the environment Latvia relies largely on oil from Russia and the development of natural resources in Russia, oil ingestion in Latvia has reduced. The transit of rough oil from Russia to Latvia besides contributes to environmental pollution. It is of import to do certain there is sustainability of natural resources like oil to cut down instances of development. This is due to increasing used of oil in Latvia that has increased the oil imported. It was besides concluded that companies bring forthing oil merchandises pay small attending on the effects of oil, but they merely concentrate on the net income that the company incurs. Thus, United Oils in Latvia pays no attending on the consequence their merchandise has to the environment or development of the resources. It was besides recorded the engineering has played a function in increasing the usage of oil across Latvia. However, the major industries like touristry, fishing, agribusiness, conveyance, and forestry have besides contributed mostly to the usage of oil in Latvia. Reflection/Analysis Exploitation of oil is a serious job that calls for pressing action. This is because shortly plenty, oil and its merchandises is traveling to be scarce. This will impact assorted sectors in the economic system like touristry, agribusiness, forestry, and touristry. Therefore, there are high opportunities that the economic system will significantly be effected in footings of growing. Thus, Latvia as a company must take necessary safeguard to command the usage of oil merchandises. The ingestion of oil in Latvia has been on an addition for over 10 old ages. This means that the rate of pollution caused by these merchandises is besides high in Latvia. This calls for an action to guarantee that the effects caused by air are minimized. United Oils Latvia should present new technological ways to do certain that instances of pollution are reduced. Given the fact that oil has been exploited, this means in the following few old ages this merchandise will non be extracted. Therefore, Latvia must implement other products/ways that could be possible in fabricating oil merchandises. There should be other merchandises that should be encouraged to replace oil, this will assist in cut downing ingestion of oil. Latvia can besides implement particular policies to extenuate the sector of energy. These policies will command the rates of pollution and besides ingestion of oil in the state. Mentions Anon. , 2009.Consumption of energy resources in Latvia.[ Online ] Available at: hypertext transfer protocol: //www.csb.gov.lv/en/notikumi/consumption-energy-resources-latvia-2011-33346.html [ Accessed 31 March 2014 ] . Anon. , 2013.Latvia.[ Online ] Available at: hypertext transfer protocol: //www.eia.gov/countries/country-data.cfm? fips=lg [ Accessed 31 March 2014 ] . Anon. , 2014.Latvia Oil Consumption.[ Online ] Available at: hypertext transfer protocol: //www.indexmundi.com/energy.aspx? country=lv A ; product=oil A ; graph=consumption [ Accessed 31 March 2014 ] . How to cite Oil Use in Latvia, Essay examples

Going Concern Concept free essay sample

According to this concept, it is assumed that the business will continue for a fairly long time to come. There is neither the intention nor the necessity for the purpose of liquidating the particular business venture in the foreseeable future. This is because if the results of the business operation were to be accounted for on the basis of the expected liquidation it would be almost impossible for suppliers to supply goods and services and other business firms to enter into any economic transactions with the business entity. On account of this concept, the management accountant while valuing the assets does not take into account the forced sale value of the assets. Moreover, he charges depreciation on fixed assets on the basis of their expected life rather than their market values. In exceptional situations, where the accountant has fairly good means to believe that either the whole or part of the business is going to be liquidated, it will be appropriate for the firm to report the resources/assets at their liquidation value. We will write a custom essay sample on Going Concern Concept or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Circumstances under which an enterprise may not be going concern: It will be useful at this juncture to study the circumstances which give indications about the fact that the enterprise is not a going concern or it may cease to be a going concern very soon. In many situations, several circumstances may be present at the same time. The circumstances involving liquidity problems: An enterprise is said to be suffering from liquidity problems in a case where it is unable to generate sufficient cash from operations in order to satisfy its current obligations including long term debt maturities and possibly dividends. Such a company may not have problems as a going concern in the short period since it may acquire the required funds by raisingthe debts, advances from the holding company, further issue of shares etc. However, such a situation is found not to continue indefinitely. Following are the circumstances under which a going concern can be taken as suffering from the problems of liquidity. Relationship with suppliers: In case a going concern is not in a position to take advantage of the cash discounts, the firm has to pay interests for late payments and its shipments are stopped because of failure to meet terms of payment or suppliers are prepared to supply the goods only on prepayment terms. In such a case it can be concluded that the concern is having some liquidity problems. Turnover ratio: In case the turnover ratios in respect of receivables and inventories are more found to unfavourable than those prevailing in the industry, the enterprise is found to be suffering from problems of liquidity. Using of short term funds for meeting long term requirements: In case the concern is required to use current assets for the purpose of financing long term requirements (e. g. plant expansion or product development) without the capacity of ability to refinance such requirements on a long term basis, the concern is bound to suffer from liquidity problems. Pledging of additional assets for the purpose of securing existing debt: This shows that the existing creditors are losing faith in the company on account of its vulnerable financial position. Default on loan agreements: This shows that the firm is having difficulty in repayment of the loans.