Essay on International Trade Concepts Simulation - 827 Words

International Trade Concepts Simulation Abstract The following paper will present information found in a simulation based on international trade concepts. Key points found from the reading will be noted and concepts discussed will be shown integrated in the workplace. International Trade Concepts Simulation International trade has become a very important means of survival for global economies in this day and age. As countries continue to grow and resources become smaller, trade with other countries who have provide certain resources in a greater capacity becomes very lucrative. At the same time, those same countries must be able to offer something of similar value. Through this ability of trade, this allows countries to†¦show more content†¦Another disadvantage that can occur happens when free trade agreements are allowed with one country but not another. Although no free trade agreements with larger countries are possible when bargaining power is stronger with them, it can still lead to higher imports and caps on exports. Free trade agreements do allow smaller and weaker countries the ability to grow their industries and possibly provide more jobs for both trade partners in the long run. There were four key points relevant to the readings that were apparent in the simulation. A country’s debts are usually judged in comparison to their assets. (Colander, 2006) The simulation involved certain aspects of such when corn was considered to be in excess from importation. Surpluses were also identified when one country was considered dumping their imports of watches onto the country of Rodamia. This endangered the local watch industry as prices from the imported watch goods were undercutting the local market. In order to level the excess, tariffs were set. Protectionism was also discussed as fledgling markets of Rodamia, such as corn, was in need of growth. Once again the use of tariffs and quotas were set in order to protect the local industry. Outsourcing was also touched upon as free trade agreements could possibly open jobs in weaker neighboring countries that can offer comparative work as well.Show MoreRelatedEssay on International Trade Simulation987 Wo rds   |  4 Pagessummarize the International Trade Simulation, explain the basic concept of International Trade, emphasize the four key points from the reading assignments in the simulation, and apply these concepts to my workplace. Simulation Summary In the International Trade simulation, you are the Trade Representative of a small country called Rodamia. You are introduced to international trade--the theory of comparative advantage and the impact of tariffs, quotas, and dumping on international trade (Applying InternationalRead MoreThe International Trade Concepts1357 Words   |  6 PagesThe International Trade Concepts The International Trade Concepts simulation helps one to learn the advantages and limitations of international trade. One can also take what is learned from the simulation and relate it to the U.S. economy and the effects international trade has on it. Learning about how fiscal and monetary policies affect the exchange rate is important as well. Not only can one apply what was learned in the simulation to the U.S. economy but they can also apply it to their workplaceRead MoreInternational Trade Concepts1095 Words   |  5 PagesInternational Trade Concepts Shelly Hall ECO/372 March 12, 2010 Robert Chase The Simulation on International trade concepts is a study of the country of Rodamia and the decisions the leaders made regarding imports and exports for the country. While Rodamia is a fictitious country, the concepts of international trade, tariffs, quotas, and imports and exports are all applicable to the effects on the U.S. economy. This paper will discuss in detail the meaning and effect each of these conceptsRead MoreInternational Trade Simulation Essay1294 Words   |  6 Pagesthere will always be demand. For some countries, supply cannot keep up with the demands for the economy and when that happens, international trade is sometimes an only option. As with anything in life, there are advantages and disadvantages to international trade. One of the major advantages to international trade is that it allows countries with a surplus of supply to trade with another country that may have a shortage of that same supply. Another advantage is that if a country is in short supplyRead MoreEssay about International Trade Simulation1416 Words   |  6 PagesInternational Trade Simulation Gina Caraiman University of Phoenix ECO 360 Kimberly Swaney March 5, 2007 International Trade Simulation Introduction This simulation will provide reasons for international trade and help me determine which countries to trade with, what products to import or export. Also, help with determining when to impose trade restrictions like: tariffs and quotas, and when to negotiate trade agreements. Overall, the story in this simulation has cast me in the role ofRead MoreTheoretical Justification Of The Gravity Model1583 Words   |  7 Pages Theoretical justification of the gravity model Theoretical concept of the model presents a stronger foundation using rough indicators, which plays a crucial role in integrating a huge number of countries while sampling. Moreover, the concept presents numerous discrepancies in comparison with the ideal equation. There are factors responsible for jeopardizing the attempts of using the model for forecasting purposes (Anderson, Van National Bureau of Economic Research, 2001, 189). Generally, theRead MoreInternational Trade Simulation and Report1417 Words   |  6 PagesInternational Trade Simulation and Report International trade is the exchange of goods, capital, and services across international borders or territories. In most countries this trade represents a significant share of their (GDP) gross domestic product. This type of trade has political, economic, and social importance to all nations involved. There are many factors surrounding international trade, such as, advantages, limitations, foreign exchange rates, and others. As we review these factors,Read MoreUsing the VinLogic Simulation Model: Insights Gained and Lessons Learned727 Words   |  3 PagesInsights Gained and Lessons Learned Using The VinLogic Simulation Model Introduction Operations management is comprised of a series of concepts and frameworks that are best learned through the use of simulations and constraint-based modeling to show the effects of one decision on corporate performance. This is especially true in the areas of logistics, transportation and supply chain management optimization, The VinLogic Simulation Model has specifically been designed to take into account theRead MoreInternational Trade Simulation and Report1965 Words   |  8 PagesInternational Trade Simulation and Report ECO-212 Principles of Economics - Robert Coates University Of Phoenix Faithlyn Wright, Trina Drinka, David Barrett, Amber Kemper, Josue Garcia July 11, 2010. Advantage and Limitation of International Trade International Trade is important to many countries because it allows a country to import products or resources that may be difficult to produce locally. As a result, this enhances the country’s growth and economic wealth, andRead MoreAdvantage and Limitation of International Trade1603 Words   |  6 Pagesat least one advantage and one limitation of international trade as identified in the simulation. One of the advantages is that free trade could bring about peace since countries engage in commerce with one another. There is also the aspect of efficiency where international trade enhances competition and the efficiency of technology. It promotes dynamism, productivity, and innovation within a specific economy. On the other hand, international trade produces competition to domestic products since

“Kubla Khan” A Description of Earthly Paradise Essay example

â€Å"Kubla Khan† by Samuel Taylor Coleridge is said to be â€Å"one of the best remembered works of the Romantic period,† (Gray) and though this poem may seem speak deeply about the world, its conception was fairly simple: Coleridge had been reading a book about Kubla Khan in Xanadu (by a man named Samuel Purchas) before falling into a deep sleep induced by an opium mixture to which he had long since had an addiction. When he awoke from this drug induced stupor, he had apparently 200 to 300 lines of poetry in his head, but after writing the first three stanzas, was interrupted (and thus, we observe a shift in the poem at that point) by â€Å"a person from Porlock† (Brett 46-8) and could only remember one final bit of lines – the final stanza in†¦show more content†¦As for when the poem is set, Coleridge is very unclear. Kubla Khan is a figure from the past, seeming to signify that this poem took place then. However, this poem is â€Å"A Vision i n a Dream† – when do dreams take place? Coleridge’s leaving the reader confused here only assists him in setting up the bewilderment that lasts throughout the majority of â€Å"Kubla Khan.† The speaker in â€Å"Kubla Khan† can be said to be one who is either unsatisfied with the world, one who feels like an outsider in the world, much like Coleridge himself did. The speaker seems to be speaking to the world in general, or possibly to other astute minds who are also on the outside of society. One of the dominant techniques present in â€Å"Kubla Khan† is contrasting imagery. Coleridge repeatedly compares the â€Å"bright† area surrounding the dome to the â€Å"lifeless† and â€Å"haunted† area surrounding the river. He continually repeats the phrases â€Å"pleasure-dome† and â€Å"sunny† when discussing the dome, whereas for his illustration of the surrounding river and caverns, â€Å"caves of ice† is most prominent. One idea as to why this was so implemented is the idea that the poem â€Å"contrasts a man-made, earthly paradise, which proves to be unable to resist demonic forces and is doomed to be annihilated, with a â€Å"true† form of paradise;† (Schroeder) that the Earth, no matter how beautiful it might seem, always falls victim to certain destructive forces.Show MoreRelated Kubla Khan by Samuel Taylor Coleridge Essay1147 Words   |  5 Pagesâ€Å"Kubla Khan† by Samuel Taylor Coleridge â€Å"Kubla Khan† by Samuel Taylor Coleridge is a poem about the creative powers of the poetic mind. Through the use of vivid imagery Coleridge reproduces a paradise-like vision of the landscape and kingdom created by Kubla Khan. The poem changes to the 1st person narrative and the speaker then attempts to recreate a vision he saw. Through the description of the visions of Kubla Khan’s palace and the speaker’s visions the poem tells of the creation of an enchantingRead MoreKubla Khan -1289 Words   |  6 Pages#8220;Kubla Khan#8221; by Samuel Taylor Coleridge is a poem about the creative powers of the poetic mind. Through the use of vivid imagery Coleridge reproduces a paradise-like vision of the landscape and kingdom created by Kubla Khan. The poem changes to the 1st person narrative and the speaker then attempts to recreate a vision he saw. Through the description of the visions of Kubla Khan#8217;s palace and the speaker#8217;s visions the poem tells of t he creation of an enchanting beautiful

George Bush Essay Paper Example For Students

George Bush Essay Paper George W. Bush#9;Politics have been the family business for more than one family in the United States. The familiar family of several generations is the Kennedy family who remains in the political spotlight for fifty-three years and running. As Elizabeth Dole attempts to gain the Republican nomination for the 2000 presidential race she hopes to continue the forty-nine year Dole family streak. Coming close to twenty-five years in politics Bill Clinton prepares to turn the scepter over to Hillary Clinton as she prepares for a possible seat in the United States Senate. Perhaps the most interesting dynasties are those carried on by father-son teams. Both John Adams and John Quincy Adams were United States Presidents. It also appears as though former President George Bush may be able to watch one of his two Governor sons take the presidential oath in the near future. His namesake child, the current governor of Texas, has recently announced his bid for the Republican nomination on the 2000 ballot. However, even if he makes it past the primaries it will take more than a quot;brand namequot; to win this election. According to the June 21, 1999 issue of Newsweek 65% of voters they polled still knew nothing or little of George W. Bush. #9;When looking at a possible future President of the United Sates of America it is not uncommon to start with their past and work forward to see their progress and failures. George W. Bush attended a preparatory school at Phillips Academy in Andover, Massachusetts. Like many young men he was interested in sports and he selected to the mens basketball team at Phillips Academy. Envied by his peers the young man was chosen to be part of a team that was exclusive to the best. However young George sat on the bench that year and only played one game. The next year he opted not to try out for football and instead became the head cheerleader. He made many friends at this elite school considered to be the toughest in the country at that time. He successfully finished and the following year attended Yale. ;#9;During Georges time at Yale he barely seemed to notice his father had been elected to Congress (1966). George, quot;Wquot; as many refer to him, was not interested in any of the political organizations at the University. George W. Bush seemed to be more concerned with social matters than political matters. He knew stories about most people that would pass him by on the campus and was a fan of his schools sports teams. In the late 1960s he joined a fraternity of Delta Kappa Epsilon, a fraternity for sportsmen and those who loved to watch them. They were called Dekes. This brings about a controversy that Bush himself may have been involved in overseeing harmful hazing rituals such as branding. Both Bush and other members of the fraternity have denied these rumors. Most members say the branding was a scare tactic that never actually happened. What did happen? A close friend of Bushs at the time stated, ;quot;there was a lot of watching sports, girls, and beer drinking (Duffy).;quot; This is also where Bush had his first encounter with the law. Bush stated, ;quot; We had a little too much Christmas cheer and for some reason we really thought we needed that wreath (Duffy).;quot; George and some of the other members of the Dekes were charged with theft as a misdemeanor and the misdemeanor was later dropped. During Bushs junior year at Yale he surprised his family by announcing his engagement to a young woman from Rice University named Cathryn Wolfman. They engagement did not last long after George decided that he was too young to settle down. While attending a Princeton, Yales rival, versus Yale football game in which Yale won, George encountered his second encounter with the law. As friends were leaving the game they turned around to see young George standing in the middle of the goal posts as he and his friends tore them down on the Princeton field. The mayor of Princeton, New Jersey told the young men as punishment to leave Princeton and never return and he ha s not to this day. ;#9;After graduating Yale George moved to Houston to live at the ritzy Ch;acirc;teaux Dijon, a popular place for late baby bloomers to live in the 1970s. Not only was he changing girlfriends rapidly he was also changing jobs frequently. When he joined the Air National Guard in Texas he was criticized by many that he was allowed to override the long waiting list. The young man denied receiving any special favors from the Guard because of his fathers status. George worked in for an agriculture company at this time and then left calling the work dull and boring. He then worked for a group that mentored young minority athletes but also left that job not being fulfilled. After applying for University of Texas Law School and being denied he applied to Harvard School of Business. George W. Bush graduated from Harvard with his Masters in Business in 1975. Beijing Carvel Case Study EssayAfter George won the Governor election to Ann Hutchinson he put all of his Rangers assets in to a blind trust and did not sell the team until 1998. In 1998 he received over $14.9 million dollars for his share of the team. As a second term Governor of Texas George W. Bush has had a well-kept record. Although the governor of Texas has very little power he and legislation passed the largest tax cut in the states history. He has won praises from teachers by allowing for large teacher pay raises. Crime rate is down and although he did not back a hate-crimes bill the President Clinton urged him to sign his inclusive rhetoric and multicultural appointments have please the Hispanic and African American communities. His pulling together of political factions saying it is better to work together than to work alone has impressed many leaders of both major parties. Bush is quoted in Time magazine saying, ;quot;Im proud to be a compassionate conservative. I welcom e this label, and on this ground, will make my stand (Duffy).quot; According to the Washington Posts Governors Guide strong families, local control, individual responsibility, and limited responsibility are principles guiding Governor Bushs major initiatives. He continually states the importance of family and education in society. He says that education is his number one priority. He believes for our society to become compassionate and responsible we must first teach children to read and comprehend. According to this page he says, quot;Government is necessary, but not necessarily government.quot; His staff knows that any proposal brought before him must encourage personal responsibility, local control, and fiscal responsibility. He has encouraged a voluntary clean up program for companies and individuals to participate in that has brought back $170 million dollars in property and has created 3,000 jobs (Gov.George). Since his first term 115 older companies have reduced emissions by 100,000 each year. To make Texas a safer place he has aided in passing anti-stalking laws and no sex offender is allowed to live in Texas without registering first with local authorities. He has declared a zero tolerance for violent crimes on school grounds. If any youth is found in violation of a violent of sexually orientated law he or she must be reported to the teachers of that school and he or she pose a threat they may be placed in alternative education programs. He supports the legal drinking age of 21 and has implemented one of the nations toughest anti-youth-smoking laws. He believes in the death penalty for those who have committed quot;horriblequot; crimes. He also believes that Texas prisons are a place of work and punishment. All prisoners in Texas work either building houses for the needy, farming for food banks, making road signs, Braille books, government furniture, or laundry detergent. He also supports welfare reform, creating jobs and not dependency for those in n eed, yet his 1997 legislation passed a bill not allowing government to interfere with private charity help for these people. #9;Now Governor Bush will be able to make his stand on a national level. On June 12, 1999 Governor Bush announced he would run for the Republican nomination for President of the United States. He already has the backing of 15 Republican Governors. Even Kent Hance who beat him in the 1977 congressional elections has contributed money (Hance switched parties in 1985). Although Bush has a long way to go until the elections he is already miles ahead of the other Republicans and Democrats (Vice President Al Gore and former Senator Bill Brady) hoping to earn the nomination for his or her party. In the Republican race for presidential nomination he faces Elizabeth Dole, Dan Quayle, Steven Forbes, and John McCain. In a Time/CNN poll 55% of those polled would vote for Bush, and 42% for Al Gore, however George Bush has the Republican nominee vote 40% ahead of the runner -up, Elizabeth Dole, who has 14% of the vote according to the Time/CNN poll. Governor Bush still has a long time before the 2000 election, if he is chosen as the GOP nomination. He has matured a lot form his past and has impressed enough people in high places to earn the most money in the shortest amount of time ever in an United States presidential campaign according to June 30,1999 edition of the Corpus Christi Caller Times. According to the Caller Times Bush has earned $20 million in just four months (Van Natta A-12). Fortunate for Bush he has made a connection with many Americans and not including those who know nothing about him most like himthey just dont know why. For Bush supporters it is not the ;quot;name brand;quot; that they believe will win him the Presidency, it is the values and policies he stands for. Right now the Republican Partys worst nightmare is that if it is the name and if the name wares off their quot;school house built of straw will weaken and blow down.quot; With the aide of family, Texas governors office veterans, and his fathers o ld aides, he hopes to prove them wrong before February.