International Business: Includes all commercial transactions (such as private and governmental, sales, investments, and transportation) that take place between two or more regions, countries, and nations beyond their political boundaries Balance of Trade: The difference in value between a country’s imports and exports Balance of Payments: The difference in total value between payments into and…
Diffusion refers to how something is widely distributed or spread across. A drop of ink, for example will spread through a glass of water until the ink and water blend into a single mixture. Plants, animals, things and ideas are all capable of diffusing in new regions or cultures. A person needs more of the…
Assets: Property owned by a person. Balanced budget: A budget in which the income and expense sides must equal each other. Balance sheet: A statement of both sides of a set of accounts in which the debit and credit balances add up as equal. Budget: A plan for saving and spending money based on your…
A free trade area eliminates most trade barriers such as tariffs and quotas on the flow of goods and services between its member countries. However, member countries negotiate trade agreements separately with external countries. The 1994 North American Free Trade Agreement between the US, Canada and Mexico formed the largest free trade area at that…
MERCOSUR is an economic and political union formed in 1991 by Argentina, Brazil, Paraguay, and Uruguay to promote the free movement of goods, services and people among member states. MERCOSUR’s primary interest was to eliminate obstacles to regional trade, such as high tariffs and income inequalities. In 1994 the MERCOSUR countries also established a protection…
Free The Children literally wants to free the children from poverty, exploitation, and the thought of being powerless. They put these three values into their mission statement, “Free the children from poverty. Free the children from exploitation. Free the children from the idea that they are powerless to change the world.” (Craig Kielburger, 1995). Young…
Isolationism Isolationism is a foreign policy whereby a country decides to exclude itself from relations with other countries; isolating itself in the world. Example: the U.S. in the 1920’s when they refused to join the League of Nations. Another example would be North Korea today who purposefully does not interact with many nations. Unilateralism Unilateralism…
1. Return Address (Letter Head) The return address is necessary for the receiver of the letter to know where to send a reply. 2. Date Line The date line is the line that indicates that date the letter was keyed. 3. Inside Address The inside address is the name and address of the recipient of…
Throughout human civilization, the art of selling ideas or products has been a cornerstone of society. Some people have become masters at this art, yielding themselves and their companies, large amounts of profit. Why is it that some people are better at this than others? This paper will take a look at the various aspects…
McDonaldization is the term Ritzer derived from the McDonalds’ fast-food chain to describe the state of our society. Ritzer claims our social institutions have become completely dehumanized in the form of a bureaucracy. Health care is an example of one institution that is characterized by the four components of bureaucracy: efficiency, predictability, control, and quantification.…
The economic situation which exists in the developing world today, is the result of the relationship between the modern, and developing nations of the world. Modernized nations benefited from this relationship because it gave them access to natural resources. However, because of this relationship, many developing nations now suffer from severe problems. These nations are…
No other democratic society in the world permits personal freedoms to the degree of the United States of America. Within the last sixty years, American courts, especially the Supreme Court, have developed a set of legal doctrines that thoroughly protect all forms of the freedom of expression. When it comes to evaluating the degree to…
Commercial fishing is a worldwide enterprise that involves the capture of marine and freshwater fish and shellfish and their preparation for market. Fishing equipment ranges from small boats whose nets are cast and hauled in by hand to factory ships equipped with the most advanced technologies for finding, harvesting, and preparing huge amounts of fish.…
It is often overwhelming for people when they hear about all the problems that plague third world or “developing” countries today. People are aware about all the poverty, exploitation, environmental degradation, corruption and conflict that ravage these countries without knowing the reason WHY these problems exist. How come these problems don’t take place in first…
The basis of economics is not entirely on the study of economic trends, or on the efficient use of scarce resources to satisfy unlimited wants, it is also based on using this information to best meet the needs of society. If indeed this is true, the prospect of the privatization of our most important industries…
This being the day of the great downsize many managers are hurrying to make the cut’s and in doing so closely examining their Employee-Assistance Programs for effectiveness. What are they? How do they help? How do they work? Are they worth the hassle? What are they? By definition employee-assistance programs (EAP’s) give a business the…
In Search of Excellence is a book dealing with many different principles of economics and what makes big business’ excellent. The first idea that Peters discusses is his chart of the McKinsey 7-S Framework. The graph is very simple but the ideas are fairly complex. In their research, they found that their philosophies were too…
Lee Iacocca, born Lido Iacocca on October fifteenth 1924, was the son of an Italian immigrant named Nicola Iacocca. He had one sister named Antonette. The family lived in Allentown, Pennsylvania. His father was somewhat of an entrepreneur in the food service industry. The family business was called the Orpheum Weiner House in Allentown, Pennsylvania.…
Linda McQuaig’s most recent book, “Shooting the Hippo” is about the causes and results of the debt. It is a look at both the factual causes and the arguments which are merely presented to us through the various elements of the media. McQuaig delivers an insightful overview of the extensive media coverage which has bombarded…
The nation’s economic stability has many factors which amount to inflation. Inflation may be caused by a number of problems, but there are some specific examples which have direct control over which way the prices and spending sway. Inflation simply means that the American dollar, in this case, is less valuable on the foreign exchange…