Tuesday, May 19, 2020

Mercantilism Essay - 1133 Words

Mercantilism Mercantilism is the economic theory that a nations prosperity depends on its supply of gold and silver; that the total volume of trade is unchangeable. This theory suggests that the government should play an active role in the economy by encouraging exports and discouraging imports, especially through the use of tariffs. Spain and England used the mercantile system to benefit the mother countries. The mercantile system had special regulations, which usually extracted some sort of reaction from the colonies. If necessary, the policies would be changed to better suit the mother country. The favorable balance of trade was upheld through certain regulations. No foreign trade was allowed for the colony unless it†¦show more content†¦Also, theoretically, the colonies were designed to be economically complementary to Spain. Manufacturing was forbidden in certain colonies to keep the market open for imports. The economic health of the colony was always a secondary consideration. And finally, all colonial trade was channeled through a single port, first Seville until 1720, and then Cadiz. Spain’s mercantilist regulation was extreme almost to the point of absurdity. Smuggling could not be controlled, since it was in the interest of too many Spaniards on both sides of the .Atlantic to participate. Great Britain had four major aims in it’s mercantile policy: to encourage growth of a native merchant marine fleet, to protect English manufacturer’s from foreign competition, to protect English agriculture, especially grain farmers, and to accumulate as much hard money as possible (Americans had to pay for everything wit h hard currency, which drained gold from America. Colonial paper was not legal in England).). The Navigation Acts were efforts to put the theory of mercantilism into actual practice. Under the provisions of this legislation, trade with the colonies was to be conducted only in English or colonial ships. Certain enumerated items (such as sugar, tobacco and indigo) were to be shipped only within the empire. Trade destined for nations outside the empireShow MoreRelatedMercantilism And The Development Of Mercantilism Essay999 Words   |  4 PagesMercantilism Mercantilism was a theory in economics, which was very popular between the 16th and 18th centuries, whose aim was to build a strong rich state through the regulation of the economy by the state (Wallerstein, 2014). This regulation of the economy was implemented by states through the reduction of imports and the increase of exports. These actions aimed at creating a â€Å"favorable balance of trade† that was characterized by monetary reserves of gold and silver (Rothbard, 2010). Other policiesRead MoreMercantilism Analysis770 Words   |  4 PagesAdam Smith and David Hume were the founding fathers of anti-mercantilist thought. There were number of scholars who found many limitation of mercantilism even before Adam Smith developed his theory that could fully substitute it. The criticism made by Dudley North, David Hume, and John Locke eroded much of mercantilism and because of which it uncertainly lost its favour during the 18th century. In the year 1969, John Locke made an ag reement that prices differ in proportion to the quantity of moneyRead MoreMercantilism Essay1456 Words   |  6 PagesThe several colonies under British control in America were all ruled and governed by the same political and economic policy. Mercantilism is a policy where wealth is equivalent to power. It is the economic theory that a country’s wealth was measured in the amount of bullion it accumulated. Even though this policy was official by the British crown and Parliament, often a different policy advanced into society. Salutary neglect, a concept first written by Edmund Burke and first used by Prime MinisterRead MoreMercantilism2448 Words   |  10 PagesMercantilism Mercantilism is a political and economic system that arose in the 17th and 18th centuries. The definition of this system can be explained as economic nationalism for the purpose of building a wealthy and powerful state. It purports that a country s economic strength is directly related to the maintenance of a positive balance of trade. This theory also claims that a country must export more than it imports. Such a positive balance of trade, according to mercantilist thoughtRead More Mercantilism Essay966 Words   |  4 Pagesplanned to use a mercantilist policy and fully use the colonies for their resources. The colonists creation of the proverb quot;Mother countries exist for the benefit of their coloniesquot; is sufficient because Englands original intentions of mercantilism soon disappeared after their entrance into this new world. The reason for the decline in their motives can be traced to many occurrences, most notably benign neglect of the colonies and internal English conflicts. In many cases, the mother countryRead MoreMercantilism Essay445 Words   |  2 PagesMercantilism Economics in the seventeenth and eighteenth century were dominated by the idea of mercantilism. Mercantilism depended on the cooperation between colony and mother country in the shipping and production of raw materials. Domestic industry increased employment, expanded commercial activity within the country and decreased Frances dependence on foreign trade. The success of a Mercantile system relied on the government, participating merchants, even nobility and the working class, allRead MoreEssay The Logic of Mercantilism723 Words   |  3 PagesExplain the Logic of Mercantilism and Why it is Generally Viewed as a Deficient Theory Gretchen Serrao Nova Southeastern University Explain the Logic of Mercantilism and Why it is Generally Viewed as a Deficient Theory Mercantilism was an economic system that developed in Europe between the 16th and 18th century during the period of the new monarchies. This economic philosophy is based on the belief that a nation’s wealth depends on accumulated treasure, usuallyRead MoreEssay about 17th Century English Mercantilism946 Words   |  4 PagesMercantilism Essay England in the 17th century adopted the policy of mercantilism, exercising control over the trade of the colonies, thus greatly affecting their political and economical development. Mercantilism was the policy in Europe throughout the 1500s to the 1700s where the government of the mother country controlled the industry and trade of other, weaker settlements with the idea that national strength and economic security comes from exporting more than what is imported. PossessionRead MoreMercantilism Essay915 Words   |  4 PagesEngland’s policy of mercantilism contributed strongly to the emergence of the Trans-Atlantic Trade during the eighteenth century, resulting in the growth of racism and consumerism. The country’s desire to maximize its wealth guided it to encourage its ships to follow the shipping lanes to the various Atlantic continents to make the greatest possible profit. To help achieve this goal, cheap labor in the form of black slaves was used. As peopleâ⠂¬â„¢s wealth grew, so did their desire to purchase more andRead MoreLiberalism and Mercantilism1287 Words   |  6 Pagesand Mercantilism International political economy is an important subdiscipline of international relation. It has three main ideologies, Liberalism, Mercantilism and Marxism. In this essay there will be three parts, first part is to demonstrate what the Liberalism and Mercantilism are on the perspective of international political economy and then the second part is to compare and contrast these two ideologies of political economy. At last, give a conclusion to the Liberalism and Mercantilism.

Wednesday, May 6, 2020

The Rate Of Gross Domestic Product And Unemployment

â€Å"The relationship between rate of Gross Domestic Product and Unemployment Of an economy† The economic power of an economy is what truly enables it to be a global ruler; furthermore a strong economy means the people are employed, successful and thriving. The best way to measure the economy’s current health is to just take a look at their Gross domestic production and unemployment rate. A strong economy stands for global dominance and influence, resulting in high standards of living, decreased unemployment, and prevention from recessions, depressions and also lower the risk of inflation but is there a link between the gross domestic product and unemployment that plays a role in all this? And how does this effect the well being of an economy, also why was the Canadian recession of 2008 a proof of this direct but opposite link of GDP and unemployment. Now to connect the dots, it’s easy to put out all these terms but not actually understand how they are related well the growth of GDP means there is more demand of products and if there is demand, companies need workers to make those products, hence there is lesser unemployment and the economy is growing and production rate is also increasing. If the rate growth is constantly decreasing with lesser demand and there is constant lower economic activity then the economy goes into recession. To further elaborate these concepts, Gross domestic product stands for the total economic activity of a nation, it means the monetary value ofShow MoreRelatedReal Gross Domestic Product Is An Inflation Adjusted Measure1015 Words   |  5 PagesReal Gross Domestic Product is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year. Real Gross Domestic Product accounts for changes in price level and provides a more accurate figure o f economic growth. The government uses Gross Domestic Product as a tool to analyze the economy’s purchasing power and growth over time. This is done by looking at the economic output of two periods and valuing each period with the same average pricesRead MoreFundamentals of Macroeconomics850 Words   |  4 PagesFundamentals of Macroeconomics 08 October 2013 The gross domestic product (GDP) is defined as the market value of all goods in any country at any specific time. The gross domestic product is frequently used to establish a country’s wealth or standard of living. Even though the GDP is supposed to determine a country’s economic health, many nonbelievers think the gross domestic product does not account for the underground economy. An underground economy would consistRead MoreReal Gross Domestic Product Of The United States And United Kingdom1671 Words   |  7 Pages Real Gross Domestic Product Real Gross Domestic Product is the measure of the economy’s output of goods and services over a specific period of time. It is usually measured in comparison to the GDP’s of previous years. For instance, if a year-to-year Gross Domestic Product goes up by 2 percent, it is said that the economy has grown by 2 percent. On a more basic level, Gross Domestic Product can be measured by adding everyone’s earnings in a year or what everyone spent. This is known as the incomeRead MoreConcept Paper1098 Words   |  5 Pagesincreasing the country’s Gross Domestic product? I.   Rationale In every country, gross domestic product (GDP) serves as an indicator to determine how well does the country performed for a specific period of time. It is an estimation of the value of the total goods and services it has produced. It matters to us when our country’s gross domestic product constantly increases from period to period, but is there really a massive increase in a country’s gross domestic product when it is election yearRead MoreThe Great Recession Of 20081691 Words   |  7 Pagesmid to late 2000’s. Some economists believe that the oversupply of monetary contributed to the 2008 crisis due to low interest rate targets that were substantially below the monetary requirement. In this paper I will discuss the effects of the changes in monetary and fiscal policies that altered the economy in 2008 as well as the current and desired gross domestic product for the future United States economy. The United States fiscal policy can be defined by how the United States government collectsRead MoreEconomic Growth Between Emerging And Developed Economics Essay1181 Words   |  5 PagesCanada, Australia, New Zealand and Japan. Emerging countries can be identifying with rapid growth rate and development but lower per capita than developed countries, namely Brazil, Russia, India, and China, Ireland, Italy, Greece, Spain. The economic growth of countries can be measured by gross domestic product (GDP) per capita. This essay is going to find out â€Å"What are the main reasons behind different rate of economic growth in emerging and developed economics in last 15 years?† In hear I selectedRead MoreUnemployment And Its Impact On The Nation s Unemployment Essay1712 Words   |  7 PagesUnemployment is one of the biggest topics that we talk about as a country and also is one of the biggest problems that we have as well. In essence it is the state of being unemployed. There are three total types of unemployment: frictional, structural and cyclical. The latest unemployment rate reported by the Bureau of Labor Statistics (BLS) was 4.9% in January. The way that we measure unemployment is BLS conducts a national survey that is random to a number around 60,000 households. They do thisRead MoreThe Study of Macroeconomics1507 Words   |  7 Pagesemployment sometimes fall and how can unemployment be reduced? †¢ What are the sources of price inflation and how can it be kept under control? †¢ How can a nation increase its rate of economic growth? †¢ Objectives of Macroeconomics OUTPUT †¢ high level and rapid growth of output †¢ to provide goods and services that the population desires †¢ most comprehensive measure of total output in an economy is the gross domestic product / gross national product †¢ potential output is determined by theRead MoreReal Gross Domestic Product Is An Inflation Adjusted Measure1474 Words   |  6 PagesReal Gross Domestic Product is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year. Real Gross Domestic Product accounts for changes in price level and provides a more accurate figure of economic growth. The government uses Gross Domestic Product as a tool to analyze the economy’s purchasing power and growth over time. This is done by looking at the economic output of two periods and valuing each period with the same average pricesRead MoreHigher Level Of Prices Of Goods And Services Rises961 Words   |  4 Pagesservices rises, the inflation rate rises. I somehow disagree with this statement as it might be the secondary reason or not the only reason for the rise. But the factors that cause the inflation rate to rise are as follows: a) An icrease in demand for goods relative to supply: When there are many potential buyers of certain goods but the supply can not match the increased demand hence, results in Demand-pull inflation. Demand-pull inflation doesn’t result in inrease in rate of Inflation every time.

Gendered Logics And The Representation Of The Workplace

Gendered logics are embedded in the taken for granted practices and assumptions of the workplace. The notion of hegemonic masculinity is the standard to which subordinate men and women are live up to and are compared in relation to. Power and privilege are consequently allotted to and maintained by the dominant group. â€Å"Thus occupations and organizations are important arenas in which masculinities are defined and maintained and challenged† (Lupton 2010). This illustrates that men are concerned with preserving their identities as being masculine. Since historically men were required to earn a family wage to support his family, the workplace is where men prove their manhood. But those men that enter female sex typed jobs have their reputations as ‘men’ harmed. While safeguarding their male gender identity, men leverage their position as a dominant group to acquire privileges that their female counterparts are excluded from. Rather then being an oppressed group, men who venture over the line into sex typed female jobs sit in an advantaged arrangement. Simpson (2004) was aimed at discovering why men entered feminized occupations, what the positive and negative outcomes of being in female dominated work were and how are they related to gender identity. The study was based on interviews with forty male employees in occupations of primary school teaching, flight attendance, librarians and nursing that mostly women are employed in, because of the associated female biologicalShow MoreRelatedThe Importance of the Biology/Society Dualism to the Gendered Body2250 Words   |  9 PagesThe Importance of the Biology/Society Dualism to the Gendered Body The body has played an important part in sociology to explain the differences between the two sexes, and why these differences exist. A lot of social debate is about the relationship between the biological and the social. At one end of the debate there are those who see activities such as sexual behaviour entirely based on biology, they are called biological determinists who argue that there is biological Read MoreIndian Movie Making and Its Influence1330 Words   |  5 Pagesyou see a rising number of women attending secondary school but we also see women beginning to infiltrate the workplace. This in turn created a new group of educated professionals. Because of this boom in the IT industries which created a high demand for labor it was inevitable to allow women, whose duties were believed to be associated with the family and household only, into the workplace. Because of this we see a rise in delayed marriage and even non-marriage. Women did not attend secondary schoolRead MoreThe Debt Crisis Of The Early 1980s2199 Words   |  9 Pagesanalysis of the debt crisis and describe how the adjustment programs have encouraged these states to institute export processing zones (EPZs) in an effort to attract foreign investment. Given that these EPZs primarily hire women, it will be shown that gendered labour has ultim ately furthered the â€Å"globalization project† as states adopt neoliberal policies and begin to participate in the world economy. Prior to analyzing the debt crisis of the early 1980s, it is necessary to delineate the notion of neoliberalRead MoreGender Equality And Empowerment Of Women1562 Words   |  7 Pagestraditions. This also contributes to lack of women’s nutrition, access to education and resources that are necessary for a healthy lifestyle. Women tend to be described as nurturing, emotional pushovers, while masculine is associated with control, logic and strength. The fact that women are overwhelming labor markets relates to the appropriated feminized concept of informal, part-time and low-waged work. (O’Brien Williams 2013,201) To give an illustration, comparing current division of labor canRead MoreEmployment, Relief and the Breadwinner Ideal: A Historiography of the Great Depression in Canada1408 Words   |  6 Pagesemployment such as domestic service and positions that required business school training, such as typing, remained female dominated, in spite the high rates of male unemployment. Despite unemployment many people would not cross the boundary lines of gendered work or interfere with the breadwinner ideal of the times. Strikwerda discusses the breadwinner ideal in terms of how it affected employment. He argues that the onset of the depression challenged the male bread winner ideal, which became more difficultRead MoreOrange Is The New Black Essay1808 Words   |  8 Pagesexpectations that have been concreted in to media for many years. Women are not always portrayed genuinely in mainstream media, many television shows place women on a sexualized pedestal, where they are subject to male gaze due to hegemonic femininity representation. Diane Ponterotto (2016) describes how male gaze can affect media, and social notions, â€Å"Through the male gaze, the female body becomes territory, a valuable resource to be acquired,† (p. 147.) Ponterotto continues, mentioning that many women haveRead MoreProblems with the Gender Binary System2323 Words   |  10 Page srole in society, and eventually lead to danger of discrimination and violent hate crimes against Two-Spirit people. As explained in their essay â€Å"Masculinities and Globalization†, author R.W. Connell states that â€Å"imperialism, from the start, was a gendered process†¦Ã¢â‚¬  which resulted in â€Å"massive disruption of indigenous gender orders† (158). It is this process that created the gender binary we have today and has lead to the erasure of the beautiful Two-Spirit identity. Upon their arrival, colonialistsRead MoreGender And Gender Leadership Gap1798 Words   |  8 Pageslack of progress for women is dumbfounding considering that for the last 25 years; women’s entrance into professional and managerial careers has been on par with their male colleagues. Relatedly, Barsh (2012) identified a disparity of gender representation in senior leadership within the corporate pipeline from 2012 to 2015. Hannum et al. (2015), added that fundamental changes are underway in the higher education segment; noting that female leaders are needed who are familiar with navigating growthRead Morebiology 125894 Words   |  24 Pages1993/2008, p. 3) Three Dimensions of Oppression: (Sandra Harding) Institutional Dimension of Oppression- systemic relationships of domination and subordination structured through social institutions such as schools, businesses, hospitals, the workplace and government agencies. Symbolic Dimension of Oppression- ideologies or stereotypes of race, class and gender groups Ex. Masculine - aggressive - leader - strong Feminine -passive - follower - weak -we must realize that everyoneRead MoreContemporary Management Issues9330 Words   |  38 Pagesthese explanations we will set the scene by examining in turn the literature on humour, irony, and cynicism as strategies of ‘effective and ‘ineffective employee resistances. Humour Humour is a significant part of day-to-day interaction in the workplace. Jokes, parodies and spoofs can all be found in the informal interaction amongst co-workers, and between superiors and subordinates. There is a good deal of literature that reveals particular functions of humour such as reinforcing group norms and

Nature of Organizational Project Management MyAssignmenthelp.com

Question: Discuss about the Nature of Organizational Project Management. Answer: Portfolio Reflection Success is like as three-legged stool refers to the learning strategy of the students, at the first stage the students should become ready to learn new things, then they need to have willpower of learning the leadership skills and finally they become the leaders in the practical field. In order to develop a solid project plan, the project manager must provide the details about the scope of the project, budget, resource and timeline of the project. In case of the external projects, the project manager must think about the profitability. The PM should ensure that the project will made sufficient amount of profits for all the stakeholders. Its not about the age of an executive to adopt the project management aspects, its about the leadership skills, critical thinking power and experience. In case of finding inefficiency in the functional line, the project manager should sort out it by consulting with the team members properly. The project managers should follow the established standard company procedures. The project sponsor dont have the right to remove an in-house representative from the company. Project management begins to turn into over management when the PM places a priority on managing instead of accomplishing the goals set out for the project. The program manager is responsible for developing the portfolio of the project and delivering the project and to the client. References Drouin, N., Sankaran, S. and Muller, R., 2016. The nature of organizational project management and its role as an organizational capability.Manageable Cooperation?. Heagney, J., 2016.Fundamentals of project management. AMACOM Div American Mgmt Assn.

Change and Continuity in Chinese Government and Culture During 100 Ce Through 600 Ce free essay sample

In China there was a large amount of change that the country endured both politically and culturally between the years 100 C. E. and 600 C. E. During the classical era of China there were many cultural changes. The ideas of China changed due to the creation of three distinct religions: Confucianism, Legalism, and Daoism. Followers of Confucianism followed the ideas of Confucius; he believed that people should emphasize personal virtue, which included a respect of tradition. Because of those ideas it converted a large population of China. During the Qin and early Han periods Legalism was introduced but never got the amount of approval that Confucianism did. Daoism on the other hand gained many higher up people because of its elaborate spirituality and its traditional Chinese beliefs in nature’s harmony. During this time a set of Five Classics were written by Confucius that was used for Civil Service exams. Also poetry was well paid attention to due to Chinese melodic speech. We will write a custom essay sample on Change and Continuity in Chinese Government and Culture During 100 Ce Through 600 Ce or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Finally Chinese art, at this time it was decorative, and stressed careful detail and craftsmanship. During 100 C. E. and 600 C. E. there were many political changes that occurred in China. The Han Dynasty created a strong bureaucracy that lasted till the 20th century. That bureaucracy was capable of taking on tasks of large complex states. That bureaucracy used the Confucian Classics in the Civil Service exams, by passing this test it proclaimed the individual of being a model scholar-bureaucrat. Government traditions were also established during this time, in this system the Chinese government operated military and judicial systems. Under this government they stressed intellectual life, by promoting Confucian philosophy as an official statement of Chinese values. In between this time the Imperial Government was becoming an active part in Chinese economy by standardizing weights and currency during trades. During this era of change in China, Chinese culture starting to shape itself into a culture based on family and religion. The government started to establish a strong bureaucracy and using Civil Service exams. These changes were so effective that some of these changes are still actively used in Chinese culture and politics today.