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The Economic Geography of Reno, Nevada
Reno, Nevada is a major economic center of Northern Nevada for a variety of reasons. First, it is the largest city in the northern part of Nevada, with the largest population other than Las Vegas in the state. However, the main reasons it is an economic center are the liberal tax incentives for companies doing business in Nevada, and its location on a major east-west shipping artery, Interstate 80. Because of this enviable location, Reno has evolved into a major warehousing and shipping point that serves Northern California and many areas of the Pacific Northwest, as well as areas east on Interstate 80.
One innovation by the local city and county governments that has shortened the perceived distance between Reno and the world is the creation of major economic zones in the area. These free trade zones enable many companies to compete in…… [Read More]
This also determined the development of tourism in Bahrain. The economic development of the country and the local culture has attracted an important number of tourists that are interested in visiting Bahrain. This also helps continue the tradition of pearl diving, but as recreational and touristic attractions.
It is difficult to identify future steps that can minimize the impact of globalization on the Bahrain pearl market. Basically, the country cannot oppose the process of globalization. The best thing to do in this situation is to develop strategies that can improve the positive effects of globalization (Stanford Encyclopedia of Philosophy, 2010). It is obvious that pearl diving in Bahrain cannot compete with cultured pearls in Japan and other countries. This is because cultured pearls are more accessible and less expensive. Therefore, it is recommended to continue the pear diving activity by including it in tourism packages.
This can both increase…… [Read More]
Economic activity in Japan [...] classification, categories, and types of economic activity in Japan. Japan's economy is one of the world's strongest economies, and it can influence other economies around the world. It is an industrial economy based on high technology and manufacturing. This is primarily because of geographical factors that limit the area that can effectively be farmed.
Japan's agricultural industries are not as prevalent as many others in the world, but what they do have they utilize quite effectively. The Japanese import large amounts of wheat, sorghum, and soybeans, but they grow enough rice to feed their people with a small surplus, and they also are beginning to export specialty agricultural items such as Kobe beef. Other agricultural industries in the country include fishing and poultry production. ice is so important to the Japanese that in ancient times, it was used as money, and it still plays an…… [Read More]
Thus, a region or nation experiencing economic depression will be unable to use the interest rate lever to boost the economy. Similarly a country with high inflation will be unable to independently raise interest rates to contain inflation. Moreover, Islamic countries, which form a large part of the geography, do not believe in interest rates.
Political barriers -- Political differences between nations make it extremely difficult for them to adopt a common currency. It can lead to a loss in political sovereignty as monetary interests would need to surpass political interests. This is unlikely to be acceptable to most of the nations and the idea of a single currency may be difficult to implement (Gimp, 2008).
Will Pros and Cons change Over Time? Depending On the Country?
The economic conditions to determine a monetary union depend on: the openness and size of the economy involved to trade; the free movements…… [Read More]
The U.S. is a property owning civilization and a number of the people wanted land and housing. Americans however scarcely ever create savings. "The country itself lives on other countries' savings by issuing bonds to finance its excessive consumption. The current crisis began with cheap housing loans offered by banks. Banks provided loans but instead of holding the loan in their books, they packaged them into collateralized debt obligations (CDOs) and sold them to other agencies. These agencies passed them on to others and spread them globally as assets" (the Current Economic Crisis, its causes, its impact and possible alternatives, 2009).
Interest rates were lowered and housing loans went up with construction activities leading to land prices increasing. The real estate was booming, generating employment and incomes. But as the rate of interest on housing loans came down, banks started to compete to get more business. Because of low interest…… [Read More]
However, when it comes to the long-term effects, the policies are exacerbating social problems, by forcing the poor and middle class from their homes. This is because many of these communities are targeted by wealthy developers. Over the course of time, this causes large projects to be constructed that are not economically viable. At which point, many governments are facing the twin forces of having to maintain such facilities, while seeing an increase in social assistance from those who lost their homes. In order to prevent this situation from becoming worse, alternative policies need to be coordinated with members of the community. There also needs to be a long-term economic viability studies conducted in the initial stages of planning, where various members of the community and businesses should play a major role. This will help to determine if such projects are sustainable in the community. If these two elements can…… [Read More]
Economics - Country Analysis
Country Overview and Current Events (News)
Ethiopia, traditionally known as Abyssinia, is a landlocked Sub-Saharan country located at the Horn of Africa in East Africa, bordering Somalia, Kenya, Eritrea, Djibouti, Sudan, and the newly-created South Sudan. It covers approximately 1,126,829km2 of land; about the size of the state of Texas, and was, until the split of Sudan, the second-largest country in Africa. Being landlocked, Ethiopia largely relies on the port of Djibouti, to which it is connected by both rail and road. Economic elements such as this, together with the country's history, population, geography and economic performance have been explored in the subsequent sections of this text.
Population: the U.S. Census Bureau, in June 2013, estimated Ethiopia's population to be 93,877,025; a figure that makes the country the second-most populous in Africa, after Nigeria (orld Bank, Index Mundi). Ethiopia's population has been on a steady increase…… [Read More]
For the period of the late 1960s and early 1970s, West Germany strived to assist the dollar. The United States and many other nations pushed West Germany to reassess so as to make up for the dollar excess. (Germany in the World Economy)
At last, after escalating waves of conjectures, the retton Woods system had a collapse in August 1971. All through the post-retton Woods period, the deutsche mark stayed under pressure. In order to relieve strain within Europe, West Germany and other European states assented to peg their currencies to a special system of comparatively narrow exchange rate bands officially named the 'European narrow-margins agreement' but unofficially identified as the 'snake'. The United States and West Germany performed main roles in attempting to organize a new global monetary system. but, in spite of its willingness to make small exchange-rate alterations for the benefit of new currency arrangements, West Germany…… [Read More]
Loans needed to buy the equipment and seeds create indebtedness to Western banks. Western professionals are needed to intervene and to manage. The productivity of monocrops (e.g., rice or maize) undermines other native crops. Routledge writes, "The project destabilized traditional farming methods, which further rationalized the use of new technologies from the West, and the displacement of traditional foodstuffs by the HYVs" (316). The whole agro-food system has damaged the soil fertility and made dependent the poorer nations, who are compelled to use the seeds of the manufacturers and their means of industrial growth (fertilizer, experts, credit, etc.). People are viewed as irrational and a hindrance to progress. State control over natural and financial resources consolidates the power of the national ruling party who serves the interests of transnational corporations. Routledge writes, "In the process, traditional subsistence economies and their associated cultures are being destroyed; people face displacement from their…… [Read More]
He also said that it was high time that every person in the world stopped being economically defensive and started to become politically courageous. At the same summit, the Minister of Sustainable Development and Planning and Head of the Economic and Social and Ministerial Council of Bolivia said that a responsible community would make up and constitute the very basis of global sustainability and stability, and sustainable development was what had helped Bolivia survive through all the years of economic instability and political unrests that it had been subjected to all the previous years. (esponsibility for each other- as Johannesburg's High-Level Segment Begins)
However, though it is widely accepted that Bolivia is indeed heading in the right direction today, it is still lacking in clear markets, and in a complete access to the various technologies that exist in the world today, and also in a guiding mechanism that would help…… [Read More]
Economic Development in Honduras: A Banana ar Legacy
An Analysis of Economic Development in Honduras from 1820 to Present
In many Latin American countries such as Honduras, the historical emphasis that has been placed on agriculture as a money industry for export purposes has resulted in the term, "banana republic" (Nash & Jeffrey 1994). Following their independence, most Latin American countries continued to depend on the export of raw materials for their revenue, rather than investing in an economic infrastructure that would provide value-added services, which only further contributed to this pattern of dependence on foreign states. This is largely what has taken place in the Republic of Honduras as well, and the country continues to suffer from sporadic and inequitable foreign investment, much of which has illegally diverted into private hands rather than infrastructure development. This paper provides an overview of the Republic of Honduras, an assessment of the…… [Read More]
Socially Constructed Geography
As a society, humans by nature relate to the world and define norms by identifying with the environment around them. In America for example, the foundation for the society was built on idealisms that suggested that the first entrants into this society were pioneers, overcoming a vast wilderness and pristine landscape in order to build the foundation upon which modern society now reigns supreme. People by nature identify with social constructed realities that bring them together in a communal and socially responsible manner. In order to help civilians learn about society and social norms, it is often necessary to deconstruct and reconstruct the geographic landscape of a land to build a culture from a blank template.
Human beings have socially constructed the view that the landscape of this nation prior to discovery was naked, raw, virgin; basically one might conclude that it was a pristine…… [Read More]
Local Economic Development Initiatives
THE IMPACT OF LOCAL ECONOMIC DEVELOPMENT
The Concept of Sustainable ural Communities in Local Areas
The Concept of ural Development in Local Areas
The Concept of Endogenous Development Initiatives in Local areas
Transformation is key when it comes to local economic development initiatives. Ever since World War II economies in so many different rural areas have been faced with the rising harsh economic circumstances that have been threatening people's everyday existence. A lot of the situations that they are going through have a lot to do with depopulation resulting for the most part from low growth in job opportunities, out-migration, an aging population, underemployment rate, high unemployment and low family income, lack of socio-economic infrastructure ( shopping centers, health centers, schools, power and electric supply water supply,). esearch show that the rural economy in both developed and developing nations countries has also gone through a big…… [Read More]
global in nature. Economies, businesses and even individuals are now becoming more interconnected. What once were isolated events in a foreign country now have a rippling effect throughout the world. The recent financial crisis of 2008, indicates how countries are now becoming more dependent on each. Holland is no different in this regard. As a burgeoning economy, Holland boasts strong catalysts for future economic growth.
A strong incentive for investment in the Netherlands is its market economy. As a member of the EU the Netherlands has an average tariff rate of 1%. This bodes well for Holland as goods and services can freely and easily matriculate through the region. With low tariffs industries with comparable advantages will be better able to import or export their goods. The top two main exports from Holland are very price sensitive as it relates to international competition. Table 1 below presents the top four…… [Read More]
Geography on Political, Cultural, and Economic Development of Early Civilization in Mesopotamia, Egypt and the Indus Valley
The focus of this study is the effect of geography on the political, cultural, and economic development of early civilization in Mesopotamia, Egypt and the Indus Valley. The characteristic that Mesopotamia, Egypt, and the Indus Valley all have in common is that they were all river valleys. Therefore, the geography of these locations was very much alike and likewise their culture, political landscape, and economic development were all very much the same.
Statement of Thesis
The civilization of Mesopotamia, Egypt and the Indus Valley were highly affected by the geography of these regions, which resulted in rapid expansion, and growth of these civilizations and which affected the cultural, political, and economic environment of these areas of the world.
Mesopotamia & Egypt
What is known as the Urban revolution occurred in Mesopotamia and Egypt…… [Read More]
Tourism in Thailand
Economic, Social, Cultural and Environmental Impacts of Tourism in Thailand
Urban and rural tourism in Thailand accounts for around 7% of the total GDP. There are various factors, social, economic, environmental and cultural factors which affect the tourism industry in Thailand. Also, the rural tourism in Thailand needs more work. This report has some strengths, weaknesses, opportunities and threats of Thailand's tourism industry. In the end, recommendations are given on how to improve the tourism industry in Thailand.
Tourism in Thailand
Impact of Environmental, Economical, Social and Cultural Factors on Tourism in Thailand
Tourism is one of the world's fastest growing industries, and this industry has been identified as a means of generating national income (Pender, & Sharpley, 2005). Thailand, a beautiful country at the heart…… [Read More]
There will always be terrorist organizations such as Hamas, it seems, but with the Palestinians and Israelis getting along diplomatically, it could lead to better relationships with other countries, as well, and it could lead to a much stronger unity between the countries in the Middle East. This should be a long-term goal of the peace process, to bring an end to tension throughout the entire region, so they can concentrate on other elements of society and government.
In conclusion, the oad Map for Peace in the Middle East still seems to be a long way from conclusion. Israel has stopped all construction in East Jerusalem, another are under contention in the peace process, and talks are still going on bi-weekly between the two parties (as of the end of February, at least). A lasting peace would bring a new decade of hope to the region, and a new peace…… [Read More]
Sea Shipping Services in Europe
The study aims to identify the impact, benefits, and drawback of implementing a short sea shipping policy within Greece. Within the paper, arguments have been made for supporting the adoption of the policy, and there have been clear facts presented. The paper also attempts to make comparisons between the different modes of transport available with an aim to show how cost effective and environmentally friendly short sea shipping is to a country. The results presented are backed by previous research that has shown the impact of marine transportation and made comparisons with road or rail transportation.
Short Sea Shipping is defined as the movement of passengers and cargo by sea, between ports that have a shared coastline without crossing an ocean. Short seas shipping has been at the forefront of the European Union's transport policy mainly because it offers the potential to reduce road congestion…… [Read More]
Questions On World Regional Geography
Generally speaking, African colonies during the colonial period were seen as expensive liabilities by the great European powers, especially in relation to trading concessions. Toward the end of the 19th century, the attitudes of these powers altered as rival industrial nations like Great Britain, Germany, France and Belgium, attempted to locate and develop overseas markets for their goods. In 1885, the Berlin Conference was convened to resolve conflicts of interest in Africa by allotting areas of exploitation to these colonial powers. As a result, the so-called "scramble for Africa" began in which these powers sought to establish their "rightful" claims to vast expanses of land.
When this conference was convened, most of Africa was under colonial control and was subsequently broken up into numerous states, made up of some fifty separate countries with very irregular geographical boundaries. One major problem linked to this break-up…… [Read More]
Economics in Ancient Civilization
It is said that "Rome was not built in a day." Indeed, the Roman Empire was the last of a series of civilizations to emerge in the Mediterranean by the First Millennium, B.C. Precursors to the culture most identified as the seat of estern political economy, the Ancient Egyptians, Etruscans, Greeks, Syrians, Carthaginians and Phoenicians all had contact with the Romans, and eventually were incorporated through territorial expansion of the Empire in Asia Minor, Cyrenaica, Europe, and North Africa. Prior to the Roman period, Europe was primarily occupied by Barbarian tribes; societies where no written language, legal system or alternative mechanism of governance was in place. hen we discuss the advancement of Ancient civilizations, then, it is through the transmission of law, literacy and polity that we find source to retrospect on early economic forms. In Feinman and Nicholas (2004), Perspectives on Political Economies, the difficulties…… [Read More]
Geography as a Determinant of History In Egypt, Israel and Greece
Geography is important in history. For an individual to properly examine and understand history, he/she must learn or understand geography. This implies that without geography, it is relatively difficult and nearly impossible to understand history given the role of geography in history. Actually, geography has shaped history in various diverse ways, which reflects its importance in understanding nations. The significance of geography in history is demonstrated in how it matters to Egypt, Israel, and Greece. The history of these countries is understood through geography, which played an important role in the formation of these nations. Apart from being an important aspect, there are various limits of geography as a determinant of history in Egypt, Israel, and Greece.
How Geography Matters to Egypt, Israel and Greece
As previously mentioned, the history of Egypt, Israel, and Greece was largely shaped by…… [Read More]
postindustrial transformation of the United States and Canada? What are its impact on the human geography of this realm?
The term "postindustrial transformation" can be thought of as the alteration of an area in response to an ending of the age of industry. This postindustrial age is dominated by the production and manipulation of information, technology, and highly skilled workers. This age indicates that the area manufactures and operates on a global scale, rather than retaining a framework of regional business interactions. The transformation that occurs in this postindustrial age is one in which new business and regions emerge, while older businesses and regions attempt to reinvent their concepts and ideas to appeal to the new global market. These alterations to human geography are accompanied by an alteration of the use of space, since technology advancements create the possibility of new ways to create and sustain space.
In terms of…… [Read More]
"Both the U.S. side and the Mexican side replicate the political, economic, social, and cultural systems of their respective nation-states. At the same time, borderlanders have blended the structures, institutions, and life expressions of the two societies to create something novel and entirely theirs -- the ambiente fronterizo, or borderlands milieu. Today the area stands as a prime example of binational interdependence, providing striking evidence of the trend toward closer ties among the world's nations and societies" (Martinez, 1994)
Coleman, M., 2005, U.S. Statecraft and the U.S. - Mexico Border as Security/Economy Nexus, Political Geography, Volume 24, Issue 2, pp. 185-209
Hackenberg, ., 1997, the U.S.-Mexico Borderland in Century XXI, Culture and Agriculture, Volume 19, Number 3
Longley, ., December 2004, Illegal Immigration Costs California Over Ten Billion Annually, About U.S. Government Info
Martinez, O.J., 1994, Human Interaction in the Texas - Mexico Borderlands, University of Arizona, http://www.humanities-interactive.org/borderstudies/text/essay.html. Ast…… [Read More]
Geography & Economics
Common Market of the South: "Mercado Comun Sur"
This work intends to explore Mercosur and understand the goals and objectives, economic significance as well as the advantages and disadvantages for the countries involved and to identify the method used in dispute resolution. Finally, to identify future plans and objectives of Mercosur.
Mercado Comun Sur" or, Common Market of the South in English, is a marketing structure composed of four Latin American Countrys who have through complementation agreements, a type of trade agreement, managed to find cohesiveness together. Argentina and razil have long been rivals in the world of trade. However, along with Uruguay and Paraguay established an environment of cohesive streamlined trade and the reward is having a competitive edge in today's volatile and troubled global market. Officially established in 1995, the Common Market of the South operates under the established guidelines of the Assuncion Treaty.
I.…… [Read More]
1). Ironically, these workers who feed others are often hungry themselves, even when they bring home some of the rejected crop they harvest to feed their families. A 2007 study of agricultural workers in the area found that nearly half (45%) met the criteria of food insecurity. 34% of respondents were food insecure without hunger while an additional 11% were food insecure with hunger (irth et al. 2007, p.1). "Nearly half (48%) of eligible respondents reported utilizing the food stamp program, which is comparable to 53% of eligible Fresno County residents. However, food stamp participation varies by season. hereas 55% of eligible respondents utilized the program in the winter, only 37% of eligible respondents did so in the summer. Many respondents interviewed during the summer believed they were not eligible for this program because they were working or earned too much" (irth et al. 2007, p.24). They had little or…… [Read More]
hy could Africa be considered on of the richest continents on Earth? Discuss some of sub-Saharan Africa's Assets. Then address why, despite these facts, the majority of African states remain poor. Be sure to include several factors relation to this region's unique physical geography, complex human geography, history.
The spectrum of environments which exist in Africa spans entire moisture and temperature gradients, from perhaps the most arid to among the well-watered places on earth, from the coolness of the Cape to the furnace that is the Sahara. This environmental diversity is mirrored in the proliferation of its fauna and flora, for Africa has seemingly every conceivable combination of climatological, geological, and pedological factors; the plant and animal communities have evolved over time to reflect this heterogeneity. Moreover, it is an ancient continent that has provided a cradle for a wide range of taxonomic groups, from among the very…… [Read More]
In some regards, the idea of 'culture' is highly mutable and subject to widespread variations in characterization. Quite in fact, the concept of culture is highly implicated in the weaponzation of words that may be used by one nation to subjugate another. Ideas about how cultures interact, about which cultures are superior and indeed about whether or not the practices of some peoples should even be called 'cultures' have been subjected to rationalization as colonialist nations have subjugated various parts of the developing sphere. It is this understanding that inclines Said's (2002) perspective in "The Clash of Definitions."
Here, Said opposes the idea that there are distinct incompatibilities which persist between civilizations. Instead, he argues that this is the impression which has been foisted upon us by the shifting notions of what is meant by culture, particularly as this depends upon the perspective of hegemonic ethnic groups. This…… [Read More]
57). This makes the idea that the minority communities that are using the community as a "springboard" for assimilation because there are less of the domestic non-Hispanic whites in the areas in which immigrants would typically assimilate.
There has even been the development of what is referred to as planned communities. Irvine California serves as a good example of such a development. Irvine was developed from ranch lands from a single developer that constructed "urban villages" in Orange County (Maher, 2004, p. 782). The particular site selected for this 1-997 study was in many ways a "typical" Irvine neighborhood. A planned community developed in the mid-1970s, Ridgewood comprised 246 single-family homes on a collection of cul-de-sacs connected by three public through streets: on average, residents were highly educated- 39% had graduate or professional degrees- and most of those who were employed worked in professional, managerial, technical, or sales positions (Maher,…… [Read More]
2% of the total GDP and 2.9 in the employment; the proportions are expected to increase and are still considered relatively low in comparison to other countries, generally due to the tardy response of the Japanese authorities. "As the tourism market continues to grow steadily, tourism industry is expected to become the leading industry of Japan throughout the 21st century" (Organization for Economic Cooperation and Development, 2002).
Balassa, B.A., Noland, M., 1988, Japan in the World Economy, Peterson Institute for International Economics
Cochrane, J., 2008, Asian Tourism, Elsevier Science and Technology Books
Hiroko, T., 2004, the Political Economy of eproduction in Japan: Between Nation-State and Everyday Life, outledge
Hiroyuki, H., 2003, Between Preservation and Tourism: Folk Performing Arts in Contemporary Japan, Asian Folklore Studies, Volume 23
Hudman, L., Jackson, ., Essa, E., 2002, Geography of Travel and Tourism, 4th Edition, Cengage Delmar Learning
Ishikawa, N., Fukushige, M., 2006, Impacts…… [Read More]
There is a modern emphasis, which has resulted from the experience of the economic impact of disaster, on a more extensive and 'distributed' mode of thinking about disaster recovery. This is an important factor that should be stressed as it has direct implications in terms of the economic aspects of disaster recovery planning in an increasingly networked and technologized contemporary working environment. This aspect is cogently expressed in a White Paper on this issue.
Many organizations have strong business recovery plans for their mainframe and mini-computer systems. but, as more and more critical applications are migrated to distributed systems, companies are becoming concerned about how they can protect these systems in the event of a disaster. Chances of a disaster increase significantly as systems are moved away from traditional central computer facilities that have hardened security and environmental controls.
(Disaster ecovery - a White Paper)
This emphasizes a cardinal issue…… [Read More]
Citizens in the region's poorest countries, Paraguay and Honduras, make just above $4,000 per year, while those in the wealthiest countries, Chile and Mexico, make almost $15,000. The institutional legacy in the region is one clouded by inequality and corruption. In its brief on the region, the World Bank emphasizes the role of institutional development to alleviate poverty among vulnerable groups, a result in part of the lasting legacy of inequality due to colonial influences.
Asia. This region ranges widely from very poor nations such as Nepal (GDPpc of $1,100) to very wealthy nations like ingapore ($51,600). Because colonial dominance of this region was carried out by a relatively few European settlers, it was ultimately incomplete, leaving many of the region's own institutions intact or enhanced. The World Bank's comments on how governments across the region are reacting to the recent economic turndown are in line with an expectation that…… [Read More]
During the beginning of ancient times, Classical civilization still lived as hunters and gatherers. They used the resources available to them and learned to gather grains, berries, and other plant foods and store them for the winter. This required them to live where the geography and climate could support them, and where supplies of water were easily available. Early settlements clustered around rivers and streams for this reason. y the end of the Classical Era, The Roman Empire had fallen. European cultures had been influenced by Rome's accomplishments, however, and Europeans knew how to build aquifers to bring the water to them. They had learned to build both roads and bridges. They had tamed livestock and used them for transportation. y the Classical Era, many of geography's limitations had solutions. Thus people could live in villages, towns and cities, farm the surrounding countryside and transport it to where…… [Read More]
Groundwork and Initial Steps
For this research and analytical paper, we have chosen to work as the members of a small NGO and conduct a research as an executive director of a small non-governmental organization that would utilize its funding of one million dollar donation by establishing its branch in Pakistan, a third world country in order to improve and strengthen the country's educational arena. In this phase, we first had to decide a third world country that actually deserved a good financial aid in the form of a million dollar donation to improve its educational facilities. I came up with Pakistan, because this is one country that unfortunately has one of the most appalling literacy rates and percentages. So, in order to solve the problem at hand that is to answer the question as to where invest the donation, I chose Pakistan. Since, we have twenty years…… [Read More]
MacDonald's STEP analysis
In this paper, we explore the concept of STEP analysis by means of illustration. We perform an elaborate STEP analysis of McDonald's, the world's fast food giant. This is then followed by a recommendation on what actions McDonald's can do in order to take care of the issues that have been exposed via the STEPanalysis.
McDonald's is a food and beverage franchise that by 2001 boasted of close to 28,700 outlets spread in 120 nations Karen,2005). The company's food outlets are very popular among the youth. It offers an environment which is perceived to be safe for families as they can enjoy quality food at an affordable price in a clean environment. The food chain offers its client a familiar environment that is characterized by a McDonald's clown as well as stunning interior worldwide as pointed out by Debres (2005). The company has…… [Read More]
The Industry Dominant Economic Features
Market Size and Rivals:
Pace of Process and Product Technology Change
Economies of Scale in Purchasing
PORTER'S FIVE FORCES
Threat of New Entrants
THE DRIVERS OF CHANGE IN THE INDUSTRY AND THEIR IMPACT
The Economy and Interest Rates
KEY SUCCESS FACTORS FOR COMPETITIVE SUCCESS
Understanding the Markets
Understanding Local Regulations
INDUSTRY'S ATTRACTIVENESS, LONG-TERM PROFITABILITY AND CONCLUSION
The homebuilding industry plays a major role in the United States economy, as a significant employer and cash generator. Each year the industry hires more than 3.5 million workers and the housing investment and consumption accounts for one-fifth of the United States' gross domestic product (GDP). Recent figures support the role of homebuilders as vital to the American way of life (AzPath). In 2001, the homebuilders were responsible for building 1,602,700…… [Read More]
Growth of Tourism
Capitalism, as an economic system, is doing much of what democracy, as a political system could not. China has long been known as a communist country, but this truly applies to both political and economic policy, although the Marxist idea was originally economic. However, during the reign of Mao and the communists, the country sank deeper into poverty, and instead of being a world leader as it had been for centuries, it became a third world country. For the past three decades, the government in China has been slowly implementing economic reforms and these have been paying immense dividends. One of the most lucrative decisions made was that to allow tourism to begin again within the country. China has become a good example of what tourism can do for a failing economy, and how it can stabilize one that is emerging and volatile. The example China provided…… [Read More]
Thus, when it comes to vowels, this short comparison led me to believe the southern dialect uses longer, more rounded, looser vowels than the inland North dialect.
Consonant sounds also differ between the two regions; or perhaps it is more accurate to note that consonants are used in different ways in the southern and inland northern areas of the United States. Take, for instance, the word "white." While I pronounce this word with a defined, voiced [j] sound at the end, the southern speaker allows it to conclude by lengthening the [a] vowel, as in father. This difference leads to southern words sounding softer and more rounded than the hard, tight edges of Northern words. Although there is a great deal of bias regarding the Southern dialect in the United States today, with some saying it sounds uneducated, listening to the features alone reveal it as a beautiful, if different,…… [Read More]
Electoral ules and Socio-Economic Changes on Elections and Winners Thereof
One should never be deceived to think or imagine that electoral rules are mere formalities. These rules have a major influence on the choices that voters make during an election in a democratic set up. Electoral rules can be defined as a set of rules that determine who votes, who vies and how votes are cast for representation at the various levels and how such votes are translated to electoral seats in such assemblies. Therefore, it is clear from the definition that electoral rules and systems are only part of a wider structure commonly referred to as electoral regulations. Electoral systems discussions tend to exclude other aspects such as the right to vote, transparency and fairness elements (Vampa).
Voting behavior and attitudes are influenced by socio-economic factors. Therefore, social groups exhibit differences in voting patterns. Some patterns are age-old but…… [Read More]
Latin American woman who is interested in a cultural studies program. This has not changed, and in fact, this course has helped me to deepen my understanding of diversity and helped me to understand more about gender roles and norms from a cross-cultural perspective. I have learned that there are no universal constants, and that even within cultures there can be a great diversity of experience as we saw with Monday's Girls and the difference between Florence and Azikiye. Likewise, the differences between the rich and poor gay men in Manila shows how even within the same culture, there can be a great variety of experiences and points-of-view. The most difficult concept for me as I continue my studies will be cultural relativism or ethical relativism. It is difficult to withhold judgments, especially when we believe that a way of life or worldview is harmful. On the one hand, there…… [Read More]
Large scale restructuring has taken place in major urban centers of the worldthat included London, Singapore, San Francisco, Vancouver, and may more. 'Inner city' assumes much importance in the regional economics as the impact of globalization and rapid transformation in land use occur at inner parts of these cosmopolitan cities. "The New Economy of the Inner City: Restructuring, Regeneration and Dislocation in the 21st Century Metropolis" by Thomas A. Hutton addresses the critical issues of place and process in the development of 'new economies' in postindustrial cities. Thesis agenda of the book asserts that restructuring initiatives in cosmopolitan cities, specifically London, have enabled the emergence of creative enterprises in the 'new inner city' and thus has dislocated traditional industrial and manufacturing oriented regional economy (Hutton, 2009). Urbanization, migration, policy shifts in land use, restructuring initiatives, clustering of industries, and change in production-consumption has transformed the 'inner city economy'. The book…… [Read More]
Globalization plays a major role in the economy and sociology today. It is important to understand what globalization is, how the world-systems theory explains inequalities between different parts of the world, and what is meant by core, semiperiphery and periphery. It is also important to understand the relevance of the history of European colonialism.
Globalization "describes the increased mobility of goods, services, labor, technology and capital throughout the world. Although globalization is not a new development, its pace has increased with the advent of new technologies, especially in the area of telecommunications (www.canadianeconomy.gc.ca/english/economy/globalization.html)."
The development of the world system served to "increase trade in the 15th and 16th century; led to the colonialization of the Americans with the extraction of gold and silver, conquest and slave labor; and created the plantation economy in the Americas and South-East Asia with a monocrop production to supply Europe (www.clas.ufl.edu/users/bkimura/worldsystemfall.htm)."…… [Read More]
Real time information needs to be synthesized with traditional balance sheet approaches in order that regulators and industry leaders have a better sense of the systemic risk in the system. Measuring risk is the first step. Beyond that, risk management systems must be implemented. These have not changed much lately -- they still focus on liquidity and portfolio diversification. Derivative instruments in particular run the risk of distorting the finances of banks because of their leverage. On the systemic level, then, finding ways to curtail the enthusiasm for these instruments is the best course of action. hether this means an increase in direct agency intervention or whether it means a reversal of the too big too fail policy that encourages risk-taking behavior is subject for further study and consideration.
Huang, X; Zhou, H. & Zhu, H. (2009). A framework for assessing the systemic risk of major financial institutions.…… [Read More]
When an urban area undergoes deindustrialization there are several things that happen to the urban and social geography. In general, there is often a transition from an industrial economy to a service economy, which has significant socioeconomic implications. While it has been argued that deindustrialization has done little to change the basic disparities between core and periphery in the global economy, this argument is not entirely true. While it is true that industrialized nations have mostly been able to transition to a post-industrial economy, there has also been a transfer of wealth from those nations to newly-industrialized nations. eal wages in many Western nations have stagnated, while they are increasing rapidly in many parts of the developing world, reducing disparities.
It should also be noted that deindustrialization and the move to the service economy is not necessarily done on even terms geographically. Some formerly-industrialized areas have struggled with this…… [Read More]
To completely retool our image is a daring act on the part of the company, but the executive management team is confident that this is the best step to take, albeit untraditional (Maclachlan 130).
Hisey, Pete. "Marketing support for lifestyle merchandising - K mart's Fresh New Face."
Discount Store News. 17 Dec. 1990: 1-4.
Maclachlan, Ian. "Plant Closure and Market Dynamics: Competitive Strategy and Rationalization." Economic Geography 68.2 (1992): 128-142.
Pennington, April. "Designer Babies: Munchkin Couture Is All the Rage With Hip
Parents." Entrepreneur. Sept. 2005: 1.
Slow, steady marketing
Relationship with wholesalers
Established distribution channels
Military style technique
Developing trendy atmosphere in traditional New England
Cost of living increases by unions
Risk of radical makeover
Regain #1 rating
Diverse product line
Freshness of product
Good…… [Read More]
Globalization, fostered by free flow of information and rapid progress in technology, is a driving force that no country can turn back. It does impose market discipline on the participants which can be harsh, but is the mechanism that drives progress and prosperity. Globalization emerged as a buzzword in the 1990s but the phenomena it refers to are not entirely new. As a ubiquitous term, what does "globalization" mean? Some observers emphasize the rapid and free flow of capital as the essential element. Others emphasize labor-that capital flows to where labor is highly productive while relatively cheap, that different parts of the production process can be performed in various far flung places by multiple sources of labor, and that workers themselves move within and between nations often and more easily.
According to Micklethwait and Wooldridge there are "three engines" driving globalization today. The first of those three engines is technology.…… [Read More]
culture is playing on international business. This is accomplished by comparing cultural traditions of elgium and South Africa using Arcelor Mittal. Once this occurs, is when we are able to understand how the firm is able to utilize these factors to give them an advantage in the global marketplace.
Over the last several years, globalization has been having profound impact on firms. What has been happening is corporations, have been seeking out those areas that can provide them with the lowest costs. This is part of an effort to increase productivity and their overall profit margins. As a result, a variety of different firms have been establishing operations around the world to deal with these underlying challenges. Evidence of this can be seen by looking no further than the fact that 47% of American and European companies are outsourcing some aspect of their operations. (Sears, 2009) This is important, because…… [Read More]
That completely changes commercial patterns because customization becomes not special but standard. On the other hand, because reaching these markets of one is so direct and precise, it eliminates the waste involved in mass marketing. There is no need to send sales forces out in cars, or to waste untold hours cold-calling, in theory.
That, of course, raises one of the most significant advantages of the current trend toward increasingly technological sales and fulfillment to increasingly highly identified markets; less environmental damage. Granted, it may be that a buyer in Singapore wants an item only created in Istanbul, so shipping is involved. On the other hand, it is likely, applying Moore's Law to commerce as well as technology, that before long, mini-factories will spring up across the globe to fulfill desires close to the locus of their creation. It will be demanding: Marketers in such a commercial environment "will have…… [Read More]
In summary, globalization is essential for global economies to continually grow. Protectionism is allegorical to a person going on strike and not working; it is imperative for nations to not pursue this strategy and instead realize that each of them competes on a global playing field every day. While the critics of globalization voice their fears, they need to realize that the many aspects of competing globally have been in existence within economic systems for centuries, and that the gauntlet of efficiency and ability to respond quickly and accurately to customer's needs, no matter where they are, is the gauntlet any company must pick up if they hope to survive in the 21st century.
Friedman, (1999) - the Lexus and the Olive Tree. Anchor Press. May 2, 1999. New York, NY
Friedman, T. (2005) - the World Is Flat. Farrar, Straus, and Giroux. New York, NY. Published 2005
Geert…… [Read More]
As a result, economic development was redefined in terms of reduction or elimination of poverty, inequality, and unemployment within the perspective of a growing economy (Mamede & Davidsson, 2003).
Research indicates that entreprenuership can be both the cause and effect of economic development in the sense of wealth distribution. Countries in which wealth is concentrated in the hands of a small fraction of the population face greater difficulties in coordinating the major components of progress (Mamede & Davidsson, 2003). hese three components are labor, capital, resources and innovation. According to Mamede and Davidsson (2003), considering that the three driving forces of entrepreneurial success - founders, opportunity recognition, and resource requirements - are more likely to occur in a combined way, there are better chances to prosper in regions in which wealth is more equitably distributed. hese researchers have also observed that members of such societies are in a more favorable…… [Read More]
Levine also notes that the result of the government patchwork of funding is that private firms jump into the technological progress market, with even worse economic results. "Private firms focus their research efforts according to short-term, market-driven priorities, motives which often contradict long-term sustainable development and economic growth" (Levine 1998 675). Result=inequality/scarcity.
Further, Levine (1998 675) notes that large academic institutions that are more likely to consider long-term concerns are put in the position of directing national innovation systems; please see above for the problems inherent in that (turf wars).
Despite all that, Levine does still believe technological progress is the answer to scarcity, at least in environmental arenas. Levine notes that "As far back as 1911, Joseph A. Schumpeter integrated innovation into economic development theory by showing a positive correlation between involvement in a commercial transaction and the generation of new products, devices or systems" (1998 675). But in…… [Read More]
This study analyzes outsourcing trends in the next decade. The study assesses this by focusing on the past and current trends, problems and issues in outsourcing via semi-structured interviews. Major trends and processes will be revealed and assessed for their relevancy, depth and breadth.
Companies belonging to most industries are very much considered to be the units that are vertically integrated, or so-called usual industrial firms (Stigler, 1951), where activities in all links in value chain have been internally conducted. For example, gasoline of its own is delivered by 7-Eleven and it is also used to make ice and candy, also it had cows for producing milk which it previously used to sell (Gottfredson et al., 2005). At present, it is not delivering gasoline and ice or candy is not being made by it neither does it posses any cows. Contrarily, IBM used to make the computers containing their…… [Read More]
Spiegel & Velga (2010) report that a new international effort is underway to regulate the diffusion of mercury into the environments contextualizing mining operations. According to Spiegel & Velga, the world community has recently developed a set of International Guidelines on Mercury Management in Small-Scale Gold Mining. As Spiegel & Velga report, "commissioned by the United Nations Global Mercury Project, the purpose of the guidelines is to assist policymakers, practitioners, researchers, miners and the public in developing strategies for reducing mercury use, eliminating major pollution point sources and reducing risks." (p. 375)
This points to the worldwide interests that are implicated by the current conflict between miners and environmental advocates in Colombia, which over the course of the country's gold-mining boom, has become a template-setter for how national and world governments must balance mounting economic opportunity with the threat of environmental destruction.
AFP. (2010). Deep in Colombian Jungle,…… [Read More]
Diversification in Small and Medium Enterprises
Adjustment and enewal in the Aftermath of the Iraq War: A Case Study of Strategic and Functional Orientation for Diversification in a SME
In this chapter, discussion will further explore how National United Group's (NUG) location decisions and its position in an industrial cluster are critical to understanding its strategic orientation, and also the design, implementation, and outcome of its diversification strategies in the post Iraqi war period. The results of the study are discussed as they relate to the theoretical models and framework examined in the literature review. This section addresses the findings related to the fundamental questions asked of study participants, NUG managers and NUG employees, and the findings related to the examination of archival information.
The chapter discussion is organized according to the frameworks and theoretical models that were introduced in the literature review, and discussion explicitly refers to the questions…… [Read More]
In this context, the learning curves followed by the collective of entrepreneurs place that collective of entrepreneurs within the still larger setting of the global marketplace. Taylor and Asheim refer to an economic geography that is more than merely a map of where economic activities take place (Taylor & Asheim, 2001, p. 315). A modern learning organization integrates itself on virtually every conceivable level. Much as its individual members make use consciously and unconsciously of a variety of learning techniques in order to work together as a unit, so too do all of their learning paradigms combine to make them a single, effective player on a larger global stage.
Taylor and Asheim encourage firms to immerse themselves in the concept of economic geography, to complete, as it were, the learning curve, by employing their cognitive abilities vis-a-vis the global marketplace, and so use that marketplace as a source for policies…… [Read More]
2010. Ethnic Groups in Germany: Sorbs, altic Germans, Turks in Germany, Chinese People in Germany, Vietnamese People in Germany, Circassians. General ooks LLC.
Coe, M. Neil., Kelly, F. Phillip., and Yeung, Wai-Chung, Henry. 2007. Economic geography: a contemporary introduction. Wiley-lackwell.
Scheffler, Julia. 2009. Welcomed Or Rejected? The Situation of Turks in Germany. GRIN Verlag.
Schumann, Stefanie. 2011. Hybrid Identity Formation of Migrants: A Case Study of Ethnic Turks in Germany. GRIN Verlag.
ooks, LLC., and General ooks LLC, Ethnic Groups in Germany: Sorbs, altic Germans, Turks in Germany, Chinese People in Germany, Vietnamese People in Germany, Circassians, (General ooks LLC, 2010), 23.
ooks, LLC, Islam in Germany: Turks in Germany, Central Council of Ex-Muslims, Khadija Mosque, Udo Ulfkotte, Zentralrat Der Muslime in Deutschland, (General ooks LLC, 2010), 56.
ooks, LLC., and General ooks LLC, Ethnic Groups in Germany: Sorbs, altic Germans, Turks in Germany, Chinese People in Germany, Vietnamese People…… [Read More]
The Price-Sensitive Affluents, Wal-Mart has learned (Wal-Mart Annual eports) is more interested in finding an exceptionally good deal and not necessarily concerned about the shopping experience. This is particularly true as one of the strongest factors influencing the execution of their strategy, the emerging global recession during this timeframe, takes hold. Again as with the Price Value Shopper and the paradoxical purchasing patterns of the Brand Aspirational segment show, the cost savings, accuracy, and quality of products delivered with the Wal-Mart supply chain are much more important in the long run relative to store accoutrements and improvements. Admittedly nearly two dozen superstores are very dated in their decor and layout and do need to be re-vamped (Frazier, 38). Yet as this analysis of the customer segments shows based on Wal-Marts' filings with the Securities and Exchange Commission over time (Wal-Mart Annual eports), the far greater contributing factor to growing same-store…… [Read More]
Mission and Vision Statement Analysis
Linking Wal-Mart's Mission and Vision to Their Strategic Goals ands Objectives
Assessing the Link Between Wal-Mart's Financial Performance And Its Strategic Goals
Wal-Mart Competitive and Marketing Analysis
Wal-Mart Marketing Analysis
Selecting An Appropriate Strategy (low cost, differentiation or niche) For Maximizing Organization's eturn on Shareholders
Potential Wal-Mart Merger & Acquisition Strategy
Incentive and eward Strategies for Wal-Mart Employees
Evaluating How Current Strategies Define Ethicacy Levels at Wal-Mart
Wal-Mart atio Analysis
Income Statement Analysis, 2007 -- 2011
Wal-Mart Capstone Analysis
Mission and Vision Statement Analysis
The foundations of the Wal-Mart value chain and its global success is predicated on how well this company aligns every internal system and strategy to their unique value proposition of Low Price Everyday (LPED) leadership. This unique value proposition galvanizes the mission and vision statement of Wal-Mart and is one of the foundations of their success and continued growth.…… [Read More]
Hat Stand and Globalization
The South Korean hat stand has been impacted by globalization over time in multiple ways. First, it has introduced larger corporations like Wal-Mart and Tesco into Asian markets. Second, it has created new demand for global goods and for Western items especially. Thirdly, through digitalization and the rise of the Internet, it has encroached on the meaningfulness of the street stall retailer -- i.e., the hat stand vendor -- and his ability to offer a novel product that cannot be obtained anywhere else.
First, globalization has impacted the hat stand over time because it has introduced larger competitors into the region -- giant wholesalers whose aim is to offer consumers goods at discounted prices. Wal-Mart and Tesco both entered into South Korea with this objective.[footnoteRef:1] And while only Tesco succeeded over time (Wal-Mart failed to connect with the values of the local population),[footnoteRef:2] the fact that…… [Read More]
Tesco PLC Case Study
Tesco is the third largest retailer globally behind Wal-Mart and Carrefour, and as of March 2011, operates 4,811 stores across 14 countries including Asia, many European countries, UK and the U.S. Tesco is also the leading food, sundry and grocery retailer in the UK and has established itself as the leading provider of ancillary services through the retail channel to Western Europe (Hackney, Grant, irtwistle, 2006). Tesco has also initiated many extensive information systems projects and pilots to enable their supply chains to be more efficient than competitors (Lindgreen, Hingley, 2003). These include an innovative use of Radio Frequency Identification (RFID) for expediting orders throughout their supply chains and greater levels of coordination throughout their extensive warehouse systems and networks (itel, 2011). Tesco concentrates on a very localized approach to expanding markets, go so far as to create ethnographic studies of the potential customers in a…… [Read More]
That would have ended up costing the company customers and their reputation over time as well. It is better that they waited to have catalog online, their logistics and shipping functions defined, and also designed and launched their in-store pick-up program as well. The defining and executing of logistics strategies is critical for the success of any e-commerce enterprise (Siau, 2003). WalMart chose the best possible strategy by concentrating on making sure all the internal subsystems were working well before launching the website.
In conjunction with this focus on backoffice logistics and integration, the company was wise to continually refine their website experience as well. The more effective a website is in making and keeping commitments to customers, the greater the potential to earn customer loyalty over the long-term (Clarke, 2001). WalMart chose the right strategy for their e-commerce initiative and wisely got all of these factors under control before…… [Read More]