Economics of Competitive Advantage Essay Example for Free

Economics of Competitive Advantage Essay A globalized economy in its theory entails opening up of the local economy of a certain country towards internationalization, creating a â€Å"borderless world economy†. Thus, ideally, it should pave the way for economic interdependence and promote economic fair play amongst participating countries. Globalization shall surely expose an economy towards the world market due to increased amount of global trade and exchanges in products and services and by encouraging application for an open-economy. Globalization has imposed too many changes on the international monetary policies. On the other hand, international monetary has seriously influenced trade and investment policies, finance, tourism and many other aspects that are coincided with the modernity imposed by globalization. Moreover, open-economy principles have profoundly affected exchange rate policies on the macro level. Thus, international economic migration has increased exposure towards international financial changes and commercial flows. (Frieden, p. 1) Moreover, according to Betts and Kehoe (2004), the aggregate real exchange rate movements are believed to be influenced by inter-country movements with regards to the relative prices of their traded goods within countries. Also, the currency denomination of international trade widely influences the trade prices of goods and services. Thus, it also turns out that changes or fluctuation in the on currency will decrease the buying power of a particular currency if compared to other currencies that have less amount of fluctuations in their market. In addition, the strong market competitors in this case, are those who are believed to have strong economic relations with participating countries, thus they carry an edge towards their trade practices. Nevertheless, they don’t act to stabilize world exchange rates, rather they only work to provide balance of trades and multi-lateral interaction amongst participating nations. There are several factors that affect the bilateral rate movements which have significant economic effects. According to the Reserve Bank of Australia Bulletin (RBAB) (1998, p. 2) These are: (1) divergences between export and import and aggregated trade-weighted exchange rates; (2) role of US dollar as currency for international trade; (3) longer-term pricing of commodity exports in terms of other major currencies; and (4) importance of bilateral rates vis-a vis competitor countries with relatively little direct trade. These changes however, the depreciation or appreciation can create effects on international competitiveness. Moreover, aside from purely economic reasons of rate fluctuations, the political side behind changes in the market activity is also significant. This political-economic aspect is important most especially amongst developing nations. The emergence of developing countries and the continuing influence of strong countries amongst less empowered countries create domestic and international political pressures that are integral to the competitiveness of the participating countries (Freiden, p. 12) Thus, economically speaking, exchange rate fluctuations have impacts on the country’s competitiveness. Stability or non-stability of their currency has adverse effects on the currency’s buying and trading power. On the political aspect, excluding the changes and fluctuations in the currency rates, powerful groups and powerful consumers affect international economic integration. And thus the openness of world economy therefore pushes more politicized movements and political pressures in the economic arena.

Cat v. Dog Essay -- Papers Pets Household Pet Essays

Cat v. Dog Many households occupy pets. Deciding on a pet can be a difficult decision. The majority of the time people tend to choose either a dog or a cat for their pet. There are many similarities as well as differences between a dog and a cat. However, the differences outnumber the similarities and usually serve as the deciding factor between the two. With either a dog or a cat, there will be a new addition to the family. Much responsibility comes along with this new member. Both depend on their owner entirely for food, shelter, and affection. The dog and the cat require a great deal of time. Both a dog and a cat expect daily attention. Owner loyalty is an advantage to having a dog or cat. The dog and the cat will become good companions with their owner. Both become attached to their owners and vice versa. A dog or cat owner should be prepared for the loss of his or her pet. Both a dog and a cat can become an inconvenience to clean up after. Shedding hair on particular breeds is a hassle with both. Much like a child, they are known to get into things and create unwanted messes. The owner must watch where he or she allows his or her dog or cat to roam. Both the dog and the cat can be inside or outside pets. A future cat or dog owner should take in account the size of his or her home and make sure that it can accommodate his or her new pet. Expenses are another issue with a cat or dog. Veterinarian care is at least required annually. Other health issues may be unavoidable and should be expected. Depending on the size of the cat or dog and the brand an owner chooses, food can be another cost. Whether or not an owner wishes... ...og seem to relish in the simple pleasures of life that humans overlook. A dog wants to play endlessly. A dog will retrieve a stick all day. A dog is never content with the amount of time that itsowner gives them. A cat seldom wants to play and is satisfied with a minute of batting at a dangling fake mouse. A dog is also a great exercise partner, as long as its owner is willing to follow behind a dashing dog. Once the differences and similarities become apparent to a future dog or cat owner, the decision is easy. One should choose a pet that is compatible with his or her lifestyle. A dog and a cat are both great additions to any family. Taking a life into one's hands is a important commitment and should not be taken lightly. After the decision between a cat and dog is made, it is easy to fall in love with the new pet.

Beautiful Things Essay

The poem A Thing of Beauty by John Keats conveys the message that Beauty is everywhere, and upon examination may be found. The theme of this work is largely centered on nature, as were many of Keats’ works. In this particular poem Keats describes the affects that beauty can have on a person. â€Å"Some shape of beauty moves away the pall / from our dark spirits† (12-13). According to Keats this beauty never diminishes and its affect is felt long after it is gone. Keats emphasizes that beauty is, â€Å"Made for our searching,† meaning that some people may find beauty in places that others may not (10). The theme of this poem is that beauty can be found anywhere, and when appreciated can be used to raise your spirits in times of gloom. One of the poetic elements Keats uses to express his theme is rhyme. One example of how rhyming can be helpful in conveying the meaning of the poem to the reader is found in the very first two lines of the poem. â€Å"A thing of beauty is a joy forever: / its loveliness increases; it will never† (1-2). Not only do these lines help the reader to understand the theme of the work, the fact that they rhyme makes them even more meaningful. Another example of how Keats used rhyme to express his theme can be found in the very last line of the poem. The poem was written using rhyming couplets; however the last line does not have another line after it with which to rhyme. â€Å"They always must be with us, or we die† (33). This line stands out due to the fact that every other line in the poem is part of a rhyming couplet. By purposely having this line is the last line and by stopping the rhythm that had flowed throughout the poem Keats emphasizes his theme of a need for beauty. Keats used many other poetic elements in this poem. One other poetic element used by Keats in this poem is imagery. Since the poem is about beauty it is important for imagery to be present in order to give the reader a mental picture of what the speaker feels is beautiful. â€Å"Such the sun, the moon, / trees old, and young sprouting a shady boon / for simple sheep; and such are daffodils / with the green world they live in; and clear rills† (13-16). Within these lines the speaker describes things which he finds beautiful. It is imperative that these lines be present so that the reader can imagine  this beauty and begin to relate with the speaker. Enjambment was also used by Keats in the poem. Through the use of enjambment Keats is able to keep his rhyme scheme in tact while still conveying his theme. â€Å"[un]till they become a cheering light / unto our souls† (30-31). The meaning of these lines are very important to the theme of the poem, however, without the use of enjambment Keats would have either had to sacrifice his rhyme scheme, or change the lines which could have potentially altered their meaning. Although much of the world has changed in the time between now and when the poem was originally written, the poems theme still holds true today. With the growth of cities, and urban areas it has become much more difficult to appreciate nature and its beauty. However, even in cities today people can find places to get away and appreciate the nature around them. Such is the case in New York City where residents can travel to central park to immerse themselves in the beauty of nature and open up their souls to the, â€Å"cheering light.† Although it is still possible for people to appreciate nature as Keats did years ago, many people today are lost in the hustle and bustle of the city. The communicative power of nature will always be present for those who wish to observe it, as Keats did, however many people have become oblivious to nature, taking it for granted, and becoming overly obsessed with technology and the man made world in which they live. It is understandable that this has happened in the almost two hundred years since Keats has lived because of the evolution of our society. Although much of nature may go overlooked by some people it will always be there for those who wish to immerse themselves in its beauty.

Defining The Divisions At One Time, Our Nation Is Divided...

Classifying the Divisions At one time, our Nation was divided by race and social class. Today, our Nation is divided by the type of political party one identifies by or even by our stance on particular issues. There are some, however, that get caught up in their generational past and use this occurrence to identify by. Even more, some people classify themselves by their moral obligations, setting standards that they may view as higher or different than their adversaries. Then there are those who want to create new ideas and give their idea a fighting chance in this ever so active society. Therefore, historical, modern, and principled issues classify the groups of topics that divide our Nation. Historically, racism and equality have served to be the basis of issues that have stemmed and grown from the constitution. Racism was a huge issue and is still seen as an issue even today. Although equality is at the best point it has ever been, discrimination is still an immense problem. Recently, the debate regardin g the Confederate flag as a symbol for slavery sparked many opinions, demonstrating the divisive nature of this issue. In her entry on the Huffington Post: Black Voices page, Hilary Hanson (2015) reported that â€Å"some people†¦feel the Dixie flag represents their Southern heritage.† On the contrary, some people feel as though â€Å"the flag has been used as an explicit symbol of racism† (Hanson 2015). Between these divided groups, an argument has ensued as to whether theShow MoreRelatedThe History of Affirmative Action1628 Words   |  7 PagesAffirmative Action dates back to the days when the nation tried to rebuild its society after the civil war. Reconstruction tried to establish virtuous relations between the white Europeans black Africans that made up a giant part of the American society. The nation was torn on how to establish these relations. Lots of call Reconstruction the low point of race relations in the United States. 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