Tuesday, August 20, 2019
Great Literature - Some Things Never Change :: Literature Essays Literary Criticism
Great Literature - Some Things Never Change Great literature is a book or piece of literature that passes through the ages and allows the reader to identify with the characters. Another element that makes great literature are morals that fit with each passing generation. The last element of great literature is heroism. An example of literature that passes through the ages is Catcher in the Rye by J. D. Salinger. By not attaching current stereotypes and standards to characters, Holden Caulfield is a timeless character. Each generation that has read the book has been able to identify with his antics. Lashing out at his teachers and assuming sundry identities to fit in is a common thing among adolescents. Writing about problems that regular people encounter is another way literature goes from one generation to the next. The Adventures of Huckleberry Finn by Mark Twain is a boy's struggle against society's standards. Most young men rebel against society and any form of authority. Running away from home and problems is a thought most adolescents consider. Morals that pass from one generation to another are important in literature. A literary example is The Scarlet Letter by Hawthorne. Most of the morals contained in the book are religious. Being faithful to a spouse has always been an important moral, especially in Puritan New England where adultery was considered as heinous as murder. Even thought adulterous spouses aren't looked down upon now as severely as in Puritan New England, it is one thing that is still taught consistently in church and in the home as being bad. Another literary example is The Odyssey by Homer. More heroic and hardworking morals are presented in the epic poem. Work hard and you will obtain what you want or desire and good will always triumph over evil are the main morals in the epic poem. The last element that makes great literature is heroism. Although the character may be fighting ancient gods, demons, monsters, or his or her own destiny, a reader is able to scale down the size of the fight and apply it to his or her life.
Monday, August 19, 2019
Karl Jaspers and Seung Sahn Essay -- Compare Contrast Philosophy Essay
Karl Jaspers and Seung Sahn In this paper I will be making a comparison between the thoughts of Karl Jaspers and Korean Zen master Seung Sahn on the nature of consciousness and transcendence. The essays in question by Jaspers are his essays ââ¬Å"On the Origin of My Philosophy,â⬠written in 1941, and his lectures on the significance of Kierkegaard and Nietzsche and ââ¬Å"the Encompassing,â⬠given in 1935 (p. 158). The other text being studied is The Compass of Zen, a compilation of Seung Sahnââ¬â¢s lectures on the three main branches of Buddhism. The Compass of Zen was begun in the 1960s as a basic text to explain the ââ¬Å"bone,â⬠or common essence, of Buddhism to Sahnââ¬â¢s Zen students. The 1960s brought a sharp rise on interest in Buddhism among Americans, and The Compass of Zen is often used as a primer to help Westerners understand its teachings. Thus, Sahn has combined teachings from all over Asia (the three main branches of Hinayana, Mahayana, and Zen Buddhism) into one text. Ja sperââ¬â¢s philosophy is similarly based on the desire for a ââ¬Å"universal historical view.â⬠He considered the three main sources of philosophical thought to be India, the Orient, and the Western tradition beginning with the Greeks. He writes that it is important to understand many different types of philosophies because they all spring from the basic human desire for understanding. As he writes in Kaufmannââ¬â¢s anthology, ââ¬Å"there is more than one universal truth in man.â⬠Both Jaspers and Sahn are trying to create a universally applicable philosophy of inner reflection (meditation) to gain transcendence (enlightenment, nirvana, moshka, satori); in practical terms, inner peace. Jaspersââ¬â¢ philosophy is based in the idea that philosophy is ruined by attempts to put it into ... ... mentioned in Jaspers, it is prominent in the thinking of both Bergman and Camus.) As we can see, the philosophies of Jaspers and Seung Sahn agree on many of the same essential points, particularly on the structure and origin of consciousness. Where the two differ is in questions of methodology. Jaspers wants to stretch the limits of thought to find transcendence, while Buddhism (particularly Zen) tries to go to a place beyond thought, before thought, and thinks it best to do this by not thinking. Works Cited Jaspers, Karl. ââ¬Å"On the Origin of My Philosophy,â⬠ââ¬Å"Kierkegaard and Nietzsche, ââ¬Å"The Encompassing.â⬠Existentialism from Dostoyevsky to Sartre. Ed. Walter Kaufmann. New York: Plume, 2004. p.158-232. Sahn, Zen Master Seung. The Compass of Zen. Boston: Shambhala, 1997. Tzu, Lao. Tao Te Ching. Trans. David Hinton. Washington, DC: Counterpoint, 2002.
Sunday, August 18, 2019
Adam and Eve in Paradise lost Essay -- essays research papers
Milton was looked on by many feminists, ââ¬Å"of or relating to or advocating equal rights for women,â⬠(comma before quotation mark)[1] as rather chauvinistic in the way he portrayed Eve. In, (delete,) Paradise Lost, there are many examples of Eve being slighted (comma and substitute well with while) well Adam remains unscathed. **** Havenââ¬â¢t Developed introduction completely **** When Eve first enters the world, (comma maybe) she awakes, ââ¬Å"Under a shade on flowââ¬â¢rsâ⬠¦,â⬠[2] by a lake. In putting Eve under shade, (comma maybe) Milton shows that she is not one hundred percent in accordance with God. Eve wondered where and who she was and then she proceeded to look at her image in the water. (Revised sentence) ââ¬Å"There I had fixt mine eyes till now, and pinââ¬â¢d with vain desire, had not a voice thus warnââ¬â¢d meâ⬠¦,â⬠[3] is Eveââ¬â¢s (ââ¬Ë might be needed) words to Adam. This action shows how Eve is so vain that she would sit for eternity unknowingly mesmerized by her own image. All it takes though to move Eve from the lakes edge is the voice of God who she trusts without question. Milton makes (made because past tense) Eve out to be dim because if most people were to hear a voice they would inquire (on) who(m) it was. However, in this case, (, might be needed) Eve just trusts (trusted if you want to make it past t ense) the voice right away (immediately, for a better word) foreshadowing her trust in anyone who speaks. This shows how Milton is chauvinistic also (Do you need ââ¬Å"alsoâ⬠) because he is infe...
Saturday, August 17, 2019
Developmental disorders of renal disease
Some of the common developmental kidney disorders include polycystic kidney disease, congenital nephrotic disease, nephroblastoma, renal agenesis, duplication anomalies, fusion anomalies, malrotation, multicystic dysplastic kidney disease, renal dysplasia, renal hypoplasia, etc. Congenital nephrotic disease is an inherited disorder that may present at birth in which the infant has proteins present in the urine (proteinuria) along with swelling of the body (oedema). The condition is rare and is usually found in children born in Finnish families. Children born with the disorder have a protein found in the urine, known as ââ¬Ënephrinââ¬â¢.Several substances such as proteins, fats, blood proteins, etc are excreted in the urine. The individuals develops several symptoms including swelling, low birth weight, malnutrion, kidney failure, poor appetite, infections, presence of blood in the urine, poor general health, cloudy appearance of the urine, etc (Charytan, 2006). Nephroblastoma o r ââ¬ËWilmââ¬â¢s tumourââ¬â¢ is a condition characterised by the formation of a malignant tumour in the kidney. It commonly occurs in infants and children. Wilmââ¬â¢s tumour is a very frequent tumour that develops in the abdomen in children.The condition is frequently related to other birth defects such as urinary tract abnormalities, enlargement of one half of the body, missing iris, etc. As the condition is more frequent in identical twins, it is considered to have a genetic link. The tumour seldom spreads to the other parts of the body. One in every 200, 000 children develop this disorder. The child may develop several symptoms including abdominal pain and swelling, presence of blood in the urine, fever, loss of appetite, nausea, vomiting, malaise, hypertension, constipation, cloudiness of the urine, etc (Nanda, 2006).Polycystic renal disease (Cystic renal development disorder) is a familial condition in which the affect individuals develop cysts in the kidney. The co ndition is an autosomal dominant condition and the symptoms less frequently develop in childhood. One in every 1000 develops the symptoms of polycystic renal disease. In childhood, an autosomal recessive version of polycystic renal disease can also develop. The child may develop severe symptoms along with renal failure with a fatal outcome. Lung function insufficiency is another frequent complication that can result in death.The common symptoms of polycystic renal disease include abdominal pain, abdominal swelling, presence of blood in urine, flank pain, excessive passage of urine, drowsiness, hypertension, joint pain and swelling, nail defects, cysts in other portions of the body such as testis, liver and pancreas, colon defects, swelling of the kidneys, bile duct defects, portal hypertension, fibrosis, brain abnormalities, kidney stones, anaemia, frequent urinary tract infections, renal failure, liver failure, rupture and bleeding of the cysts, etc. The child has a positive family history of polycystic renal disorder.The exact manner in which multiple cysts are formed in the kidney is not understood clearly. However, a genetic cause has been outlined. Once the kidney cysts are formed, they tend to swell, resulting in deterioration of the kidney function. The individual develops several symptoms (Silberberg, 2007). Renal agenesis is a condition in which the kidneys fail to develop. It can occur unilaterally as well as bilaterally. In the bilateral form, several other conditions such as pulmonary hypoplasia, oligohydramnios, facial defects, limb abnormalities, etc, occur resulting in fatal outcomes.In the unilateral form, the individual develops trigone and ureteral orifice defects, absence of the ureter, etc. This form is less severe compared to the bilateral version. The individual can survive provided the kidney function is managed appropriately (Merck, 2005). Duplication anomalies are conditions in which the individual develops extra collecting systems. Th is may affect one kidney or both, and may involve the ureter, calyx, ureteral orifice and the renal pelvis. These conditions have to be treated very carefully depending on the extent to which function is affected (Merck, 2005).Fusion anomalies are conditions in which the kidneys are united to one another. However, the ureters are separate and enter the bladder on either side. Several conditions such as vesicoureteral reflux, congenital renal cystic dysplasia, etc, tend to occur more frequently with fusion anomalies. A condition known as ââ¬Ëhorseshoe kidneysââ¬â¢ is characterised by the fusion of the renal parenchyma bilaterally. It is one of the most common kidney fusion abnormalities. The ureters tend to function normally. Sometimes the point at which the renal pelvis is united to the ureter is abnormal resulting in urinary obstruction.The second most common kidney union anomaly is ââ¬Ëcrossed fused renal ectopiaââ¬â¢ in which the kidneys are present on one of the body , and the ureter crosses the midline of the body and empties into the bladder of the either side. Pancake kidney or ââ¬Ëfused pelvic kidneyââ¬â¢ is a condition in which the kidney is single or fused and is emptied into 2 ureters and collecting systems (Merck, 2005). In multicystic dysplastic kidney, the kidneys consist of multiple cysts, cartilage, primitive tubules, and multiple cysts. The individual develops several symptoms such as infection, swelling, hypertension, etc.Renal dysplasia is a condition in which the renal tubules, vasculature, collecting tubules, etc, develop abnormally, resulting in distortion of the normal kidney function. In renal ectopia, the kidneys are not placed in their exact anatomical position resulting in several problems such as obstruction. Renal hypoplasia is a condition in which the ureteral bud gives rise to an underdeveloped and small kidney. However, the size of the nephrons is normal. The individual can develop hypertension (Merck, 2005). Ur eterocele is a condition in which the ureter is enlarged at the point it is inserted into the bladder.At this point, the flow of urine into the bladder is seriously affected resulting in obstruction and hydronephrosis. In neurogenic bladder, due to a defect in the spine at the lumbosacral region, the nerves that supply the bladder are affected resulting in improper drainage of the bladder. The individual is at a risk of developing several problems such vesicureteral reflux, infection, renal hypertension, scarring, renal failure, etc. Hydronephrosis is a condition in which the ureter and the collecting system are dilated (Conley, 2007). References: Charytan, D. M. (2006). ââ¬Å"Congenital nephrotic syndrome.â⬠Retrieved on January 26, 2008, from Medline Plus Web site: http://wwwils.nlm.nih.gov/medlineplus/ency/article/001576.htm Conley, S. B. (2007). ââ¬Å"Congenital kidney diseases.â⬠Retrieved on January 26, 2008, from Alberta University Web site: http://cnserver0.nkf.med.ualberta.ca/nephkids/congdiseases.htm Merck (2005). ââ¬Å"Renal Anomalies.â⬠Retrieved on January 26, 2008, from Merck Web site: http://www.merck.com/mmpe/sec19/ch290/ch290b.html Nanda, R. (2006). ââ¬Å"Wilms tumor.â⬠Retrieved on January 26, 2008, from Medline Plus Web site: http://wwwils.nlm.nih.gov/medlineplus/ency/article/001575.htm Silberberg, C. (2007). ââ¬Å"Polycystic kidney disease.â⬠Retrieved on January 26, 2008, from à Medline Plus Web site: http://wwwils.nlm.nih.gov/medlineplus/ency/article/000502.htm
Friday, August 16, 2019
Human Factors in Technology Essay
Companies now more than ever are able to utilize technology to be able to one ensure that the companyââ¬â¢s values and ethics are readily available to their employees and two technologies provide tools for managers to enforce company policies in relation to ethics. Companies use tools such as Microsoft Share point as well as an internal Intranet for posting its values and ethics making them easy to find as well as tools for understanding them. By doing so the company can then ensure that there isnââ¬â¢t really any excuse that can be used for not being aware of the ethics and therefore create a zero tolerance for ethical violations by its employees. Technology provides several tools for managers to be able to monitor their employees use of internet; since many companies are opening up the use of the internet at work finding value in allowing their employees to use the internet especially social media while at work have to ensure that the usage is within the compliance of the com panies values. Some of these tools range from having each employee sign a user agreement during the initial hiring process making it clear up front what type of usage is appropriate and spelling out what are clear violations of the usage policy. IT departments today are able to put into place system that will monitor and alert them to a user that may have either intentionally or unintentionally have ended up at a web site that would contain content that violates the companies ethical standards. When this happens typically the companies monitoring software will warn the individual that this site is not approved for use at work as well as send a message to their manager letting them know there has been a website accessed that isnââ¬â¢t appropriate. This then gives the manager the opportunity to talk with the employee and establish if the site is truly inappropriate at work or if the user truly did not intend to access that site. This type of environment can be viewed in a couple of different ways, one would be a big brother approach that the company is constantly watching over its employees shoulder creating a culture of suspicion and mistrust. Another view could be seen as a company taking responsibility for the resources it provides to ensure their employees are one remaining productive, two maximizing assists provided to the employees rather than wasting company time and cost for the technology and of course ensuring that the activity whether on break or during work hours does not violate the companies ethical standards. Technology provides valuable tools for human resources professionals today such as conducting background checks, maintaining employment records. There are several major areas in which HR has been changed dynamically through the advancement of technology and the effect that it has on corporate culture. These areas are: Recruiting (choosing the best qualified applicant for the job), Evaluations (metrics or best practices for measuring performance, pay scales and benefits packages), training within HR growing career managers, keeping up to date on labor laws and regulations and Retaining the talent pool (keeping a low turn-over) (ELLEN A. ENSHER, 2002). Recruiting has certainly seen a shift from advertising in the classifieds and job boards to internet search engines such as LINKDIN, usajobs.gov, monster.com, indeed just to name a few these sites allow job seekers to post their resumes and qualifications, and search for openings with companies all over the world. These sites also allow for recruiters to conduct searches for potential applicants who have the qualifications they are looking for. This has led to a quicker turn around time to finding and filling positions with the best-qualified applicants, ease of use for HR professionals as well as the cost savings for companies that used to utilize head hunters and the time it took for recruiters to screen applicants from all over the country. Another tool that has saved money and added convenience for both HR professionals as well as applicants is the ability to send questioners, interview with applicants through software such as SKYPE that utilizing both video and audio versus travel costs and online assessments (such as typing tests or call center simulations) (ELLEN A. ENSHER, 2002). Performance measurement tools are making improvements but not as quickly some methods that are available are tools that allow managers to be able to capture screen shots and track production levels through software. In call centers a manager is able to provide filters for specific types of calls to evaluate such as time parameters or other criteria when the call meets the criteria the screen records the entire transaction along with the audio from the phone call for performance counseling afterwards. Benefits handling has seen changes in the way they are handled and processed through newer technology. Employees are able through the internet or intranet to be able to review benefits, sign up for benefits or make changes as well as research differences between benefits packages to ensure the package is a good fit for their situation (ELLEN A. ENSHER, 2002). Training and Professional Development has always been vital to ensure that companyââ¬â¢s employees are able to have the right training and knowledge to provide the most productivity. An important key to training is continual update training as newer processes are implemented or technology itself how to provide the training quickly for a seamless transition. Companies are able to provide step by step modules using what appears to be live screen shots simulated for the employee. The system will provide instructions on how to perform a function or task and then have the trainee perform the task, providing feedback if the user clicks in the wrong place or chooses the wrong command. This allows for almost real time experience handling using training accounts avoiding costly errors. This works has shown to be more beneficial since the user is seeing the same screen and commands, as they will when using the actual system. Conclusion Technology has provided tools in todayââ¬â¢s workplace that allow companyââ¬â¢s to help train and manage ethical guidelines, in turn shaping the culture and work environment for its employees. Human Resource Management through innovative technology is growing and saving companyââ¬â¢s money in using newer methods for recruiting, retention, training and benefits than ever before. References Chapman, A. (n.d.). training and learning development. (à © alan chapman 1995-2010 ) Retrieved December 01, 2012, from Business balls.com: http://www.businessballs.com/traindev.htm Elizabeth Regan, B. O. (2002). Implementing Individual and Work Group Technologies. Retrieved DEC 11, 2012, from University of Phoenix: https://ecampus.phoenix.edu/content/eBookLibrary2/content/TOC.aspx?assetdataid=0c85207c-4579-445d-b2e5-278c996a3835&assetmetaid=9f9341ec-776c-4a2c-8e8c-422fc4e5f1fe ELLEN A. ENSHER, T. R.-V. (2002). Effects of the Internet and Technology on HR Processes. Retrieved JAN 14, 2013, from Organizational Dynamics,: www.organizational-dynamics.com Spears, S. (2012, DEC 13). Implement a New Technology Plan. Retrieved DEC 23, 2012, from University of Phoenix: https://classroom.phoenix.edu
Thursday, August 15, 2019
The Political Economy of International Trade
The Political Economy of International Trade Chapter Outline OPENING CASE: Why Are Global Food Prices Soaring? INTRODUCTION INSTRUMENTS OF TRADE POLICY Tariffs Subsides Country Focus: Subsidized Wheat Production in Japan Import Quotas and Voluntary Export Restraints Local Content Requirements Administrative Polices Antidumping Policies Management Focus: U. S. Magnesium Seeks Protection THE CASE FOR GOVERNMENT INTERVENTION Political Arguments for Intervention Country Focus: Trade in Hormone-Treated Beef Economic Arguments for Intervention THE REVISED CASE FOR FREE TRADE Retaliation and Trade War Domestic Politics DEVELOPMENT OF THE WORLD TRADING SYSTEM From Smith to the Great Depression 1947-1979: GATT, Trade Liberalization, and Economic Growth 1980-1993: Protectionist Trends The Uruguay Round and the World Trade Organization WTO: Experience to Date The Future of the WTO: Unresolved Issues and the Doha Round Country Focus: Estimating the Gains from Trade for America FOCUS ON MANAGERIAL IMPLICATIONS Trade Barriers and Firm Strategy Policy Implications SUMMARY CRITICAL THINKING AND DISCUSSION QUESTIONS CLOSING CASE: Agricultural Subsidies Learning Objectives 1. Describe the policy instruments used by governments to influence international trade flows. 2. Understand why governments sometimes intervene in international trade. 3. Articulate the arguments against strategic trade policy. 4. Describe the development of the world trading system and the current trade issues. 5. Explain the implications for managers of developments in the world trading system. Chapter Summary This chapter begins with a discussion of the six main instruments of trade policy, including tariffs, subsidies, import quotas, voluntary export estraints, local content requirements, and administrative policies. This section is followed by a discussion of the merits of government intervention into international trade. The author provides a balanced view of this difficult issue. The second half of the chapter focuses on the development of the global trading system. A historical context is provided, along with a view of the global trading system as it exis ts today. The author acquaints the reader with the General Agreement on Trade and Tariffs (GATT) and the World Trade Organization. Opening Case: Why Are Global Food Prices Soaring? Summary The opening case examines why global food prices are rising significantly. For more than two decades, improvements in agricultural productivity and output have contributed to lower food prices, but in 2007, the price of wheat was double its price of just a few months earlier, and the price of corn had risen some 60 percent. Two explanations for the phenomenon are increased demand, and the effects of tariffs and subsidies for bio-fuels. Discussion of the case can revolve around the following questions: QUESTION 1: Food prices have risen dramatically since 2007. Reflect on the reasons for the price increase, and discuss the implications of higher prices for consumers in developed and developing countries. ANSWER 1: For decades, consumers have enjoyed the benefits of increased productivity and output in the global food industry. In 2007, however, everything changed. The price of wheat reached its highest point ever, and the price of corn rose 60 percent over its 2006 price. Two factors contributed to this situation. The first was the increased demand for food from China and India. The second factor involved tariffs and subsidies for bio-fuels. Farmers in the European Union and in the United States are currently the recipients of subsidies for the production of crops used in bio-fuels. As a result, land that might be used for growing food is being converted to bio-fuel crops, pushing up prices on food. While some experts believe that sugar cane may be a better product for bio-fuel production than corn, tariffs on imported sugar cane effectively are keeping the crop out of the market. While all consumers are feeling the pain of higher food prices, the situation is especially dire for consumers in poor countries where calorie intake could be reduced by as much as -8 percent by 2020. QUESTION 2: How has demand for bio-fuels affected the price of food? What are the implications of this trend? Reflect on the role of government in pushing prices up. What role do tariffs and subsidies play in the situation? In your opinion, should the governments of the United States and the European Union bear any responsibility for bringing food prices back down? ANSWER 2: In an effort to slow global warming, both the European Union and the United States have adopted policies designed to increase the production of ethanol and bio-diesel. The policies involve providing subsidies to farmers. The net effect of the subsidies is to encourage farmers to produce less food, and more crops that can be used in bio-fuel production. The situation is exacerbated by high tariffs on alternative products that can be used for bio-fuel production ââ¬â particularly sugar cane. Most students will recognize that the combined effect of the subsidies and tariffs are creating a difficult situation for consumers, while at the same time protecting producers. Some students may note the irony of the situation. Consumers, hit by higher prices at the pump are putting more pressure on companies to develop cheaper and more environmentally friendly sources of energy, but in doing so are actually contributing to higher prices at the grocery store. Some students may wonder whether it makes more sense to consider non-food related sources of energy. Honda Motors is currently developing a car that runs on Teaching Tip: To expand this discussion, consider {http://www. businessweek. com/bwdaily/dnflash/content/may2008/db20080513_317940. htm? chan=search}, {http://www. usinessweek. com/globalbiz/content/may2008/gb20080520_439607. htm? chan=search}, and {http://www. businessweek. com/magazine/content/08_19/b4083026413508. htm? chan=search}. Video Note: There are two iGlobes directly related to this case. The first is Supply, Price of Food Increase Hardship for Worldââ¬â¢s Poor, and the second is Agricultural Problems Lead to Farmer Suicides in India. Chapter Outline with Lecture Notes, Video Notes, a nd Teaching Tips INTRODUCTION A) This chapter explores the political reality of international trade. Free trade refers to a situation where a government does not attempt to restrict what its citizens can buy from another country or what they can sell to another country. While many nations are nominally committed to free trade, they tend to intervene in international trade to protect the interests of politically important groups. B) The major objective of this chapter is to describe how political realities have shaped, and continue to shape, the international trading system. INSTRUMENTS OF TRADE POLICY A) In this section, the text reviews seven main instruments of trade policy. These are: tariffs, subsidies, import quotas, voluntary export restraints, local content requirements, antidumping policies and administrative policies. Tariffs B) A tariff is a tax levied on imports (or exports) that effectively raises the cost of imported (or exported) products relative to domestic products. Specific tariffs are levied as a fixed charge for each unit of a good imported, while ad valorem tariffs are levied as a proportion of the value of the imported good. The important thing to understand about a tariff is who suffers and who gains. The government gains, because the tariff ncreases government revenues. Domestic producers gain, because the tariff affords them some protection against foreign competitors by increasing the cost of imported foreign goods. Consumers lose since they must pay more for certain imports. C) Thus, tariffs are unambiguously pro-producer and anti-consumer, and tariffs reduce the overall efficiency of the world economy. Subsidies D) A subsidy is a government payment to a domestic producer. By lowering costs, subsidies help domestic producers in two ways: they help producers compete against low-cost foreign imports and they help producers gain export markets. However, many subsidies are not that successful at increasing the international competitiveness of domestic producers. Moreover, consumers typically absorb the costs of subsidies. Country Focus: Subsidized Wheat Production in Japan Summary This feature explores the subsidies Japan continues to pay its wheat farmers. Tens of thousands of Japanese farmers continue to grow wheat despite the fact that the wheat grown in North America, Argentina, and Australia is far cheaper and of superior quality. The Japanese farmers stay in business thanks to the hefty subsidies paid by the Japanese government. As a result, wheat prices in Japan are substantially higher than they would be if a free market were allowed to operate. Suggested Discussion Questions 1. Who are the winners and who are the losers from Japanese wheat subsidies? Discussion Points: Students will probably recognize that, as is usually the case with protectionist measures, the subsidies Japan pays its wheat farmers benefit the farmers, but cost the average consumer in the form of higher wheat prices. In fact, in 2004, Japanese consumers covered $700 million in subsidies! The subsidies also limit imports of wheat, which negatively affects foreign wheat farmers. 2. Why does Japan continue to subsidize its wheat farmers when cheaper wheat is readily available in international markets? Discussion Points: Thanks to subsidies, wheat prices in Japan are between 80 and 120 percent higher than they are in world markets. In fact, if the subsidies were eliminated, Japanese wheat production would cease entirely. However, at least for now, because politicians count on the votes of the wheat farmers, there appears to be no plan to end the subsidies. Teaching Tip: To extend this discussion, consider discussing Japanââ¬â¢s role in the production of rice. For more on this, go to {http://www. businessweek. com/globalbiz/content/may2008/gb20080522_132137. htm? chan=search}, and {http://www. businessweek. com/globalbiz/content/may2008/gb20080522_132137_page_2. htm}. Import Quotas and Voluntary Export Restraints E) An import quota is a direct restriction on the quantity of some good that may be imported into a country. A tariff rate quota is a hybrid of a quota and a tariff where a lower tariff is applied to imports within the quota than to those over the quota. A voluntary export restraint is a quota on trade imposed by the exporting country, typically at the request of the importing countryââ¬â¢s government. F) While import quotas and voluntary export restraints benefit domestic producers by limiting import competition, they raise the prices of imported goods. The extra profit that producers make when supply is artificially limited by an import quota is referred to as a quota rent. Local Content Requirements G) A local content requirement demands that some specific fraction of a good be produced domestically. As with import quotas, local content requirements benefit domestic producers, but consumer face higher prices. Administrative Policies H) Administrative trade polices are bureaucratic rules that are designed to make it difficult for imports to enter a country. The effect of these polices is to hurt consumers by denying access to possibly superior foreign products. Antidumping Policies I) Dumping is variously defined as selling goods in a foreign market below their costs of production, or as selling goods in a foreign market at below their ââ¬Å"fairâ⬠market value. Dumping is viewed as a method by which firms unload excess production in foreign markets. Alternatively, some dumping may be the result of predatory behavior, with producers using substantial profits from their home markets to subsidize prices in a foreign market with a view to driving indigenous competitors out of that market. Once this has been achieved the predatory firm can raise prices and earn substantial profits. J) Antidumping polices (also known as countervailing duties) are policies designed to punish foreign firms that engage in dumping. The ultimate objective is to protect domestic producers from ââ¬Å"unfairâ⬠foreign competition. Management Focus: U. S. Magnesium Seeks Protection Summary This feature explores the dumping charged levied by U. S. Magnesium against Chinese and Russian producers. According to U. S. Magnesium, the sole American producer of magnesium, Russian and Chinese producers were selling magnesium significantly below market value in an effort to drive U. S. Magnesium out of business. The company failed a complaint with the International Trade Commission (ITC) which ultimately ruled in favor of U. S. Magnesium. Suggested Discussion Questions 1. What is dumping? Were Chinese and Russian producers guilty of dumping? How did U. S. Magnesium justify its claims against Russian and Chinese producers? Discussion Points: Dumping is defined as selling goods in a foreign market below the cost of production, or below fair market value. In 2004, U. S. Magnesium claimed that China and Russia had been dumping magnesium in the United States. The company noted that in 2002 and 2003, magnesium imports rose, and prices fell. While the ITC ruled in favor of the American company, some students might question whether the fact that the Chinese could sell their product at low prices might simply reflect the countryââ¬â¢s significantly lower wage rates. . What does the ITCââ¬â¢s ruling mean for American consumers of magnesium? In your opinion, was the ruling fair? Discussion Points: The ITC ruled in favor of U. S. Magnesium finding that indeed China and Russia had been dumping their product in the United States. Fines ranging from 50 to 140 percent on imports were imposed against China, and 19 to 22 percent on Russian com panies. Most students will note that while the ITCââ¬â¢s decision is a good one for U. S. Magnesium and its employees. for consumers, the ruling means magnesium prices that are significantly higher than those in world markets. Students will probably argue that this result is unfair, and should be revisited. Teaching Tip: U. S. Magnesiumââ¬â¢s web site is available at {http://www. usmagnesium. com/}. THE CASE FOR GOVERNMENT INTERVENTION A) In general, there are two types of arguments for government intervention, political and economic. Political arguments for intervention are concerned with protecting the interests of certain groups within a nation (normally producers), often at the expense of other groups (normally consumers). Economic arguments for intervention are typically concerned with boosting the overall wealth of a nation (to the benefit of all, both producers and consumers). Political Arguments for Intervention B) Political arguments for government intervention cover a range of issues including protecting jobs, protecting industries deemed important for national security, retaliating against unfair foreign competition, protecting consumers from ââ¬Å"dangerousâ⬠products, furthering the goals of foreign policy, and protecting the human rights of individuals in exporting countries. Protecting Jobs and Industries C) The most common political reason for trade restrictions is ââ¬Å"protecting jobs and industries. â⬠Usually this results from political pressures by unions or industries that are threatened by more efficient foreign producers, and have more political clout than the consumers who will eventually pay the costs. National Security D) Protecting industries because they are important for national security is another argument for trade restrictions. The U. S. overnment protects industries like steel, aerospace, and electronics, on the basis of this argument, and has made special arrangements to protect the semiconductor industry. Lecture Note: In the United States, the Bureau of Export Administration enhances the nation's security and its economic prosperity by controlling exports for national security, foreign security, foreign policy, and short supply reasons. To learn more, go to {http://www. bis. doc. gov/about/index. htm}, click on Policies and R egulations and then on Export Administration Regulations. . Retaliation E) Government intervention in trade can be used as part of a ââ¬Å"get toughâ⬠policy to open foreign markets. By taking, or threatening to take, specific actions, other countries may remove trade barriers. But when threatened governments do not back down, tensions can escalate and new trade barriers may be enacted. Lecture Note: The trading relationship between China and the United States is an ongoing topic of discussion for many. To expand the discussion on the role of government and retaliatory trade measures, consider {http://www. businessweek. om/globalbiz/content/may2008/gb20080528_845850. htm? chan=search} Protecting Consumers F) Consumer protection can also be an argument for restricting imports. The Country Focus below suggests that the European Unionââ¬â¢s concern over beef was, in part, due to an interest in protecting consumers. Since different countries do have different health and safety standards, what may be acceptable in one country may be unacc eptable in others. Furthering Foreign Policy Objectives G) On occasion, governments will use trade policy to support their foreign policy objectives. One aspect of this is to grant preferential trade terms to countries that a government wants to build strong relations with. Trade policy has also been used several times as an instrument for pressuring punishing ââ¬Å"rogue statesâ⬠that do not abide by international laws or norms. In recent years the United States has imposed trade restrictions against Libya, Iran, Iraq, North Korea, Cuba, and other countries where governments were pursuing policies that were not viewed favorably by the U. S. government. A serious problem with using trade as an instrument of foreign policy is that other countries can undermine any unilateral trade sanctions. The U. S. Congress has passed two acts, the Helms-Burton Act and the Dââ¬â¢Amato Act, in an effort to protect American companies from such actions. Protecting Human Rights H) Concern over human rights in other countries plays an important role in foreign policy. Governments sometimes use trade policy to improve the human rights policies of trading partners. Governments also use trade policies to put pressure on governments to make other changes. Unless a large number of countries choose to take such action, however, it is unlikely to prove successful. Some critics have argued that the best way to change the internal human rights of a country is to engage it in international trade. The decision to grant China most favored nation status was based on this philosophy. Country Focus: Trade in Hormone-Treated Beef Summary This feature describes the trade battle between the United States and the European Union over beef from cattle that have been given growth hormones. It outlines the basic issues that led to the dispute, and shows how the World Trade Organization has treated the case. Suggested Discussion Questions 1. Why is the European Union so concerned about beef from cattle that have been given growth hormones? Discussion Points: Some students may argue that the European Unionââ¬â¢s ban on growth hormones in cattle was little more than a thinly veiled form of protectionism. Australia, New Zealand, and Canada, which also use the hormones in their cattle industry, were also affected by the ban. The European Union claimed that it was merely protecting the health of its citizens, however studies showed that the hormones posed no health issues for people. 2. Why did the WTO rule against the European Union? Discussion Points: The World Trade Organization ruled against the European Union stating that the European Unionââ¬â¢s ban on imported hormone treated beef had no scientific justification. Even so, the European Union refused to lift the ban, which had strong public support, and in the end, the European Union was assessed punitive tariffs. The European Union held on to its principles though, and as of 2008, continued to maintain its restrictions on hormone treated beef despite the resulting punitive tariffs. Teaching Tip: The WTO maintains a site for students. Go to {www. wto. org} and click on the students icon to search the site, research countries, and even see a list of internships that are available at the WTO. Economic Arguments for Intervention I) Economic arguments for intervention include the infant industry argument and strategic trade policy. The Infant Industry Argument J) The infant industry argument suggests that an industry should be protected until it can develop and be viable and competitive internationally. Unless an industry is allowed to develop and achieve minimal economies of scale, foreign competitors may undercut prices and prevent a domestic industry from developing. The infant industry argument has been accepted as a justification for temporary trade restrictions under the WTO. K) A problem with the infant industry argument is determining when an industry ââ¬Å"grows up. â⬠Some industries that are just plain inefficient and uncompetitive have argued they are still infants after 50 years. The other problem is that given the existence of global capital markets, if the country has the potential to develop a viable competitive position its firms should be capable of raising the necessary funds without additional support from the government. Strategic Trade Policy L) Strategic trade policy suggests that in cases where there may be important first mover advantages, governments can help firms from their countries attain these advantages. Strategic trade policy also suggests that governments can help firms overcome barriers to entry into industries where foreign firms have an initial advantage. THE REVISED CASE FOR FREE TRADE A) While strategic trade policy identifies conditions where restrictions on trade may provide economic benefits, there are two problems that may make restrictions inappropriate: retaliation and politics. Retaliation and Trade War B) Krugman argues that strategic trade policies aimed at establishing domestic firms in a dominant position in a global industry are beggar-thy-neighbor policies that boost national income at the expense of other countries. A country that attempts to use such policies will probably provoke retaliation. Domestic Politics C) Governments do not always act in the national interest when they intervene in the economy. Instead special interest groups may influence governments. Thus, a further reason for not embracing strategic trade policy, according to Krugman, is that such a policy is almost certain to be captured by special interest groups within an economy, who will distort it to their own ends. DEVELOPMENT OF THE GLOBAL TRADING SYSTEM A) Many governments recognize the value of unrestricted free trade, but are hesitant to unilaterally lower their trade barriers in case other countries do not follow suit. Since World War II, and international trading framework has evolved that enables governments to negotiate a set of rules to govern cross-border trade and lower trade barriers. For the first 50 years, the framework was known as the General Agreement on Tariffs and Trade (GATT). More recently, it has been known as the World Trade Organization (WTO). From Smith to the Great Depression B) Up until the Great Depression of the 1930s, most countries had some degree of protectionism. Great Britain, as a major trading nation, was one of the strongest supporters of free trade. C) Although the world was already in a depression, in 1930 the United States enacted the Smoot-Hawley Act, which created significant import tariffs on foreign goods. As other nations took similar steps and the depression deepened, world trade fell further. 1947-1979: GATT, Trade Liberalization, and Economic Growth D) After WWII, the U. S. and other nations realized the value of freer trade, and established the General Agreement on Tariffs and Trade (GATT). E) The approach of GATT (a multilateral agreement to liberalize trade) was to gradually eliminate barriers to trade. Over 100 countries became members of GATT, and worked together to further liberalize trade. Teaching Tip: A full review of GATT, containing an actual copy of the agreement, is available at {http://www. ciesin. org/TG/PI/TRADE/gatt. html}. 1980-1993: Protectionist Trends F) During the 1980s and early 1990s the world trading system as ââ¬Å"managedâ⬠by GATT came under strain. First, Japanââ¬â¢s economic strength and huge trade surplus stressed what had been more equal trading patterns, and Japanââ¬â¢s perceived protectionist (neo-mercantilist) policies created intense political pressures in other countries. Second, persistent trade deficits by the United States, the worldââ¬â¢s largest economy, caused significant economic problems for some industries and political problems for the government. Third, many countries found that although limited by GATT from utilizing tariffs, there were many other more subtle forms of intervention that had the same effects and did not technically violate GATT (e. g. VERs). The Uruguay Round and the World Trade Organization G) Against the background of rising protectionist pressures, in 1986 GATT members embarked on their eighth round of negotiations to reduce tariffs (called the Uruguay Round). This was the most ambitious round to date. Services and Intellectual Property H) One goal was to expand beyond the regulation of manufactured goods and address trade issues related to services and intellectual property, and agriculture. The World Trade Organization Lecture Note: To see current issues at the WTO, go to {http://www. wto. org/} and click on ââ¬Å"News. â⬠I) When the WTO was established, its creators hoped the WTOââ¬â¢s enforcement mechanisms would make it a more effective policeman of the global trade rules than the GATT had been. The WTO encompassed GATT along with two sister organizations, the General Agreement on Trade in Services (GATS) and the Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS). WTO: Experience to Date J) At the time of its establishment, the great hope was that the WTO might emerge as an effective advocate and facilitator of future trade deals, particularly in such areas as services. In general, the experience so far has been encouraging. WTO as Global Police K) So far, the WTOââ¬â¢s policing and enforcement mechanisms are having a positive effect. In general, countries have adopted WTO recommendations for trade disputes. Expanding Trade Agreements L) In 1997, 68 countries that account for more than 90 percent of world telecommunications revenues pledged to open their markets to foreign competition and to abide by common rules for fair competition in telecommunications. Similarly, 102 countries pledged to open to varying degrees their banking, securities, and insurance sectors to foreign competition. Like the telecommunications deal, the agreement covers not just cross-border trade, but also foreign direct investment. The WTO in Seattle: A Watershed? M) The 1999 meeting of the WTO in Seattle was important not only for what happened between the member countries, but also for what occurred outside the building. Inside, members failed to agree on how to work toward the reduction of barriers to cross-border trade in agricultural products and cross-border trade and investment in services. Outside, the WTO became a magnet for various groups protesting free trade. The Future: Unresolved Issues and the Doha Round N) Substantial work still remains to be done on the international trade front. Four issues on the current agenda of the WTO are the rise of anti-dumping policies, the high level of protectionism in agriculture, the lack of strong protection for intellectual property rights in many nations, and continued high tariffs on nonagricultural goods and services in many nations. Lecture Note: The European Unionââ¬â¢s trade commissioner is urging nations to complete Doha round negotiations prior to the beginning of a new administration in the United States. Further details can be found at {http://www. businessweek. com/globalbiz/content/jan2008/gb20080128_519854. htm? chan=search}. Anti-Dumping Actions O) There has been a proliferation of antidumping actions in recent years, perhaps because of the rather vague definition of what constitutes dumping. The WTO is encouraging members to strengthen the regulations governing the imposition of antidumping duties. Protectionism in Agriculture P) The WTO is concerned with the high level of tariffs and subsidies in the agricultural sector of many economies. However, the advanced countries of the world defend the current system because they want to protect their producers from lower-cost producers from developing nations. Protecting Intellectual Property Q) The agreement to protect intellectual property (TRIPS) obliges WTO members to grant and enforce patents lasting at least 20 years and copyrights lasting 50 years. The basis for this agreement was a strong belief among signatory nations that the protection of intellectual property rights is an essential element of the international trading system. Market Access for Nonagricultural Goods and Services R) The WTO would like to bring down tariff rates on nonagricultural goods and services, and reduce the scope for the selective use of high tariff rates. The hope is that at some point, rates would move to zero. Country Focus: Estimating the Gains from Trade for America Summary This feature explores the results of a study by the Institute for International Economics. The study, which estimated the gains to the U. S. economy from free trade, found that the United Statesââ¬â¢ GDP was more than 7 percent higher as a result of reductions in trade barriers than it would have been if the barriers remained. The study also estimated that if tariffs were reduced to zero, significant gains would still result. Suggested Discussion Questions 1. What does the Institute for International Economics suggest about the benefits of free trade? Discussion Points: The Institute for International Economics found that thanks to reductions in trade restrictions, the United Statesââ¬â¢ GDP was up. The Institute also estimated that even greater gains in the countryââ¬â¢s GDP would occur if protectionism was eliminated all together. Students should recognize that these findings follow the principles of Adam Smith and David Ricardo and suggest that free trade is beneficial. 2. According to the Institute for International Economics study, a move oward free trade would cause disruption in employment. Is it still worth pursuing free trade if it means that some people lose their jobs? Discussion Points: This question should prompt a strong debate among students. Some students will probably suggest that the costs in terms of lost wages and benefits associated with free trade outweigh the benefits that would be gained. Other students howev er, will probably argue that since protectionism typically benefits only a few at the expense of others, while free trade generates greater economic growth and higher wages, a free trade policy should be followed. Teaching Tip: The Web site for Institute for International Economics is available at {http://www. iie. com/}. A New Round of Talks: Doha R) In late 2001, the WTO launched a new round of talks at Doha, Qatar. The agenda includes cutting tariffs on industrial goods and services, phasing out subsidies to agricultural producers, reducing barriers to cross-border investment, and limiting the use of anti-dumping laws. FOCUS ON MANAGERIAL IMPLICATIONS A) What does all of this mean for business? Managers need to consider how trade barriers impact firm strategy, and what role they can play in promoting free trade or trade barriers. Trade Barriers and Firm Strategy B) Trade barriers are a constraint upon a firmââ¬â¢s ability to disperse its productive activities. First, trade barriers raise the cost of exporting products to a country. Second, voluntary export restraints (VERs) may limit a firmââ¬â¢s ability to serve a country from locations outside that country. Third, to conform to local content requirements, a firm may have to locate more production activities in a given market than it would otherwise. All f the above effects are likely to raise the firmââ¬â¢s costs above the level that could be achieved in a world without trade barriers. In addition, the threat of antidumping action could limit the ability of a firm to use aggressive pricing as a way to gain market share. Policy Implications C) In general, international firms have an incentive to lobby for free tra de, and keep protectionist pressures from causing them to have to change strategies. While there may be short-term benefits to having governmental protection in some situations, in the long run these can backfire and other governments can retaliate. Critical Thinking and Discussion Questions 1. Do you think the U. S. government should consider human rights when granting preferential trading rights to countries? What are the arguments for and against taking such a position? Answer: China is frequently cited as a violator of human rights, and can form the basis for a discussion of this question. While the answer to the first question clearly is a matter of personal opinion, in stating their opinions, students should consider the following points. Trade with the U. S. is very important to China, as China views the U. S. as an important market. The U. S. is also an important source of certain products. Thus, the U. S. has some leverage with trade when trying to influence Chinaââ¬â¢s human rights policies. For this policy to have much effect, however, other nations important to China must adopt similar policies. Otherwise China will simply choose to work with other countries, and U. S. consumers and producers may be more negatively impact than the Chinese. Another concern with tying MFN status to human rights is that denying MFN may make the human rights situation worse rather than better. By engaging in trade, the income levels in China will increase, and with greater wealth the people will be able to demand and receive better treatment. 2. Whose interests should be the paramount concern of government trade policy ââ¬â the interests of producers (businesses and their employees) or those of consumers? Answer: The long run interests of consumers should be the primary concern of governments. Unfortunately consumers, each of whom may be negatively impacted by only a few dollars, are less motivated and effective lobbyists than a few producers that have a great deal at stake. While in some instances it could be argued that domestic consumers will be better off if world-class domestic producers are nurtured and allowed to gain first mover advantages in international markets, it is doubtful that the government will be better than international capital markets at ââ¬Å"picking winnersâ⬠, and will more likely pick the firms with the greatest political clout. While employees may well lose jobs if there are more efficient foreign competitors, some would argue that this is just the nature of competition, and that the role of government should be to help these employees get jobs where they can be efficiently employed rather than to protect them from reality in inefficient firms. 3. Given the arguments relating to the new trade theory and strategic trade policy, what kind of trade policy should business be pressuring government to adopt? Answer: According to the textbook, businesses should urge governments to target technologies that may be important in the future and use subsidies to support development work aimed at commercializing those technologies. Government should provide export subsidies until the domestic firms have established first mover advantages in the world market. Government support may also be justified if it can help domestic firms overcome the first-mover advantages enjoyed by foreign competitors and emerge as viable competitors in the world market. In this case, a combination of home market protection and export-promoting subsidies may be called for. . You are an employee of an U. S. firm that produces personal computers in Thailand and then exports them to the U. S. and other countries for sale. The personal computers were originally produced in Thailand to take advantage of relatively low labor costs and a skilled workforce. Other possible locations considered at that time were Malaysia and Hong Kong. The U. S. government decides to impose punitive 100 percent ad valorem tariffs on imports of computers from Thailand to punish the country for administrative trade barriers that restrict U. S. exports to Thailand. How should your firm respond? What does this tell you about the use of targeted trade barriers? Answer: As long as the manufacturing requirements haven't changed significantly, looking at Malaysia or Hong Kong again for production would appear obvious. By the U. S. government introducing a specific ad valorem tariff on Thai computer imports, it would be easy to get around these by looking at other locations. Hence such targeted trade barriers can often be easily circumvented without having to locate production facilities in an expensive country like the U. S. 5. Reread the Management Focus feature on U. S. Magnesium Seeks Protection. Who gains most from the anti-dumping duties levied by the United States on imports of magnesium from China and Russia? Who are the losers? Are these duties in the best national interests of the United States? Answer: Most students will probably recognize that U. S. producers and their employees are the primary beneficiaries of the anti-dumping duties levied by the United States on Chinese and Russian magnesium imports. As a result of the duties, consumers in the United States will pay higher prices for magnesium-based products. Some students may suggest that by imposing the duties, the United States runs the risk of retaliatory measures from both China and Russia. Closing Case: Agricultural Subsidies Summary The closing case examines the effects of subsidies paid to U. S. cotton farmers. The United States currently pays about $5 billion to cotton farmers for a crop that is worth just $4 billion. The lower prices resulting from the subsides and the excess production they encourage, have had particularly devastating effects on cotton farmers in poor countries. Some estimates show, for example, that the subsidies and excess production in the United States has cost the African country of Benin more economically than it receives in aid from the United States. Discussion of this case can revolve around the following questions: QUESTION 1: Why do you think that the U. S. government pays subsidies to farmers? ANSWER 1: The United States initially began paying subsidies to farmers in the middle of the Great Depression. Many students will probably suggest that the subsidies are still being paid simply because they have been in place for so long. Other students however, may note the power of agricultural lobbyists and the fact that without the subsidies, U. S. farmers could not compete in world markets. This suggests that the government has some incentive to continue with its current policies. QUESTION 2: What is the impact of farm subsidies on the price of agricultural products in the United States, and on prices elsewhere? ANSWER 2: The subsidies paid to U. S. farmers currently run around $29 billion annually. They encourage farmers to produce more products than are needed, and in doing so depress global prices. Cotton subsidies for example, pushed the price of cotton to just $0. 5 in 2006, about half the 1995 price. For farmers in poor countries, the drop in prices has pushed income levels down over 20 percent. QUESTION 3: Who benefits from U. S. farm subsidies, who are the losers? ANSWER 3: Most students will recognize that the primary beneficiaries of the subsidies are farmers. As a result of the subsidies, consumers mus t pay more, and producers in other countries are faced with falling prices, and ultimately lower incomes. QUESTION 4: What would happen if the United States (and other countries) stopped paying subsidies to farmers to grow certain crops? Who would benefit, who would lose? ANSWER 4: If the United States stopped paying subsidies to farmers, consumers would initially see prices fall. Later however, as some farmers, without the support of the subsidies, went out of business, consumers would probably see prices rise to some degree as supply and demand moved together. Producers in other countries like Benin would benefit from increased demand and higher prices. Video Note: The iGlobe Agricultural Problems Lead to Farmer Suicides in India explores the effects of cotton subsidies on farmers in India. The iGlobe is a good complement to the Closing Case. Continuous Case Concept As automakers establish production operations in multiple countries around the world, and rely on suppliers from numerous countries, the question of tariffs and quotas becomes more important. In this chapterââ¬â¢s Continuous Case Concept, explore what happens if a country places a tariff or other trade barrier on imported cars. â⬠¢ Ask students to consider, for example, how consumers would react if the U. S. charged a tariff on every car that is imported from Japan. What would be the likely reaction of Japanese automakers? What would American producers do? â⬠¢ Next, ask students to consider whether such as tariff is ââ¬Å"fair. Who really pays the tariff? Who benefits from the tariff? Who would benefit from free trade in automobiles and car parts? â⬠¢ Finally, explore how efforts by both the United States and the European Union to increase the production of ethanol and bio-diesel (see Opening Case) could impact the auto industry. Honda is currently a market leader in the hybrid vehicle market, but is hampered by the lack of infrastructure to fully support the industry. In 2008, Toyota established a goal to sell 500,000 hybrid vehicles. This exercise works well after the notion of trade barriers has been introduced. It can also be used in a summary discussion of the chapterââ¬â¢s material or in conjunction with the Opening Case. globalEDGE Exercises Use the globalEDGE Resource Desk {http://globalEDGE. msu. edu/ResourceDesk/} to complete the following exercises. Exercise 1 Your company is considering exporting its pharmaceutical products to Japan, but managementââ¬â¢s current knowledge of the countryââ¬â¢s trade policies and barriers for this sector is limited. Conduct the appropriate level of research in a trade barriers database to identify any information on Japanââ¬â¢s current standards and technical requirements for pharmaceutical products. Prepare an executive summary of your findings. Answer: The quickest way to reach this information would be to search globalEDGE using the phrase ââ¬Å"trade barriers databaseâ⬠at http://globaledge. msu. edu/ResourceDesk/. Once at the Market Access Database website, select ââ¬Å"Trade Barriers Database. â⬠On the search option ââ¬Å"Select Country,â⬠choose ââ¬Å"Japan,â⬠and on the search option ââ¬Å"Select Sector,â⬠choose ââ¬Å"Pharmaceuticals. â⬠A series of reports are listed from which those with more general titles will provide adequate insight for the exercise. Search Phrase: ââ¬Å"Trade Barriers Databaseâ⬠Resource Name: Market Access Database Website: http://mkaccdb. eu. int/ globalEDGE Category: ââ¬Å"Research: Multi-Countryâ⬠Exercise 2 You work for a national chain of clothing stores that is considering importing textiles from India into the U. S. You want to determine whether the goods are subject to import quotas. Using information provided by the U. S. Customs and Border Protections, prepare a report highlighting the elements that determine whether a shipment is subject to this type of trade restriction. Answer: The U. S. Customs and Border Protections website hosted by the U. S. government offers considerable information on the details of importing or exporting into or out of the U. S. The information for the exercise can be reached by searching for the phrase ââ¬Å"U. S. Customs and Border Protectionsâ⬠at http://globaledge. msu. edu/ResourceDesk/. This resource can also be found under the globalEDGE category ââ¬Å"Research: Government Resources. â⬠Once on the website, click on ââ¬Å"Tradeâ⬠and select ââ¬Å"Textiles and Quotasâ⬠under ââ¬Å"Trade Program Areas. The report, ââ¬Å"Are my Goods Subject to Quotas? ,â⬠is readily available. Search Phrase: ââ¬Å"U. S. Customs and Border Protectionsâ⬠Resource Name: United States: U. S. Customs and Border Protections Website: http://www. cbp. gov/ globalEDGE Category: ââ¬Å"Research: Government Resourcesâ⬠Additional Readings and Sources of Information Economists Rethink Free Trade http://www. businessweek. com/magazine/content/08_06/b4070032762393. htm? chan=search Brazil Urges EU to Scrap Biofuel Tariffs http://www. businessweek. com/globalbiz/content/jul2007/gb2007076_483689. htm? chan=search
Response Essays Essay
Response to: Foul Shots In Foul Shots, Rogelio R. Gomez writes about his Chicano background and the neighborhood he grew up in. Furthermore, he describes himself being stereotyped as one of the ââ¬Å"barrio boysâ⬠basically meaning that he is considered inferior to the Anglos. In high school, the writer states that he was on a basketball team and that there was one day when his coach announced that his team was to ââ¬Å"buddy upâ⬠with the opposite team. The opposite team was all White and therefore had a big conflict with the ââ¬Å"barrio boysâ⬠due to racism. One of the Anglos threw a bag of Fritos to the ââ¬Å"barrio boysâ⬠as an insult because of the ââ¬Å"Frito Banditoâ⬠commercial which was, at its time, very popular and involved a stereotyped ââ¬Å"Mexican banditâ⬠from the Western movies who would steal Fritos. Gomez states in his essay that this insult still persists in his mind after ââ¬Å"more than 20 yearsâ⬠have passed because he still wonders what he should have done in the situation and always comes to a though in where he is crushing ââ¬Å"a silly bag of Fritos. The title seems to go well with the whole theme of this essay and has two meanings on being that since they are on a basketball team and a ââ¬Å"foulâ⬠in basketball is an illegal move and also using the meaning of the word ââ¬Å"foulâ⬠as unfair; they are being compared in a sense. The Anglos in the essay are very stereotypical due to the fact that they threw a bag of Fritos at the ââ¬Å"barrio boysâ⬠and treated them very rudely; they basically thought of them as ââ¬Å"inferiorâ⬠as stated in by the author. Something that can also be said in this situation; however, is that the stereotypical thoughts could be turned towards the Anglos implying that the Mexican-Americans discriminate towards them too. The reason why is because, in the essay, it says that the ââ¬Å"barrio boysâ⬠tried to act like they were superior because of their ââ¬Å"toughnessâ⬠and how they played basketball much better than the Anglos, beating them at every game. This whole problem could have probably been prevented if the coaches took a different approach towards the conflicts between the two teams. Rather than having the two teams get together, which obviously magnified the problem, the coach should have talked to the students about the different ethnic backgrounds and how to deal with racism and stereotypes. Response to: The Happiest Day of My Life In the essay, The Happiest Day of My Life, a man by the name of Michael T. Smith worked in an office with large windows that were facing a busy overpass. One day, Smith decided to start waving at the people that would pass by. Smith started these ââ¬Å"window anticsâ⬠to bring joy and relieve the stress during work. Smith kept on waving to these people to the point where it became a daily routine. Eventually, his co-workers began to notice this and share the laughs he would get from waving at these people. Around Christmas time, it began to get stressful because of all of the job cuts and to help cheer everyone up, Smith decided to dress up as Santa Claus during work. When his supervisor found out about this, he called Smith into his office which made Smith become very nervous, especially during this time, but to his surprise, his supervisor couldnââ¬â¢t help but laugh and thanked him for what he had done to cheer everyone up. I personally thought that Smith was going to get warned not to do something like this again or he would lose his job because of the reaction given in which it says that his supervisor ââ¬Å"â⬠¦turned and left. â⬠After a while, Smith began to see a bond growing between the people he would wave to, especially the bus riders, but didnââ¬â¢t realize how strong it was until the day when his daughter was born and they held up a sign saying ââ¬Å"congratulations! ââ¬
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