...short term IR) The literature has identified a number of channels through which monetary policy might have contributed to the build-up in financial imbalances. Most of these are thought to have worked through policy rates that were kept low for too long.8 Loose monetary policy (a low short-term rate) may have i) reduced the cost of wholesale funding for intermediaries, leading those intermediaries to build-up leverage ii) may more generally have caused banks to take more risks, including credit and liquidity risks (iii) may have increased the supply of and demand for credit (mortgages), causing asset (house) prices to rise 2. Global imbalances ( low long term IR) Rising global imbalances are associated with a greater spread of current account positions across countries and larger net flows of capital between countries. global excess of desired savings relative to desired investment—a “savings glut(과잉)”— had reduced long term rates globally, including in the United States.(significant increase of supply of saving cause a low ir), it argued that high capital inflows were an important reason of low IR from 2003- 2007 High capital inflows in turn (i) can reduce the cost of wholesale funding for domestic banks in international markets (ii) may reduce long–term interest rates (and thus compress spreads), causing financial institutions to lever up and investors to “search for yield” and (iii) may increase the total supply of credit to the domestic economy, causing...
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...Global Economic Perspectives Exam II Objective List BASIC CONCEPTS * Exchange Rate Risk * Selling dollar-denominated bonds but not having dollar-denominated sales * China’s real estate bubble * How to avoid: * Currency swaps * Future markets * Currency pegs * Setting the currency equal to a specified value * What factors determine exchange rates (pegging and managed floats) * High interest rates Appreciation & recession – increased demand & price * Stronger currency favors importers (trade surplus) * Low interest ratesDepreciation & Expansion * Weaker currency favors exporters (trade deficit) * The role of the IMF * Make emergency loans to countries with balance of payment problems * Ensures stability of national monetary system * Fiscal Policy * Government changing taxes and/or government spending in effort to increase or decrease business activity * Expansionary FP leads to increased spending but downside is budget deficits * Contractionary FPleads to budget surpluses or smaller deficits * AKA Austerity (attempt to shrink growing deficits) * Monetary Policy * Central Banks changing the MS to increase or decrease the availability of credit in an effort to increase or decrease business activity * Primary tool is Open Market Operations * Buying and Selling short...
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...Domestic business is any transaction that has to deal with the commercial activities conducted within a single nation. The economic transactions that are made by a domestic business within the borders of its nation typically have the advantage of only having to deal with the local currency, such as the dollar for the United States. It also has the advantage of dealing with the local customs, religions, government, culture, tax system and regulations. Domestic business is usually where your stronger customer base lies so it might be useful to direct most of your focus at first. It is much easier to establish good domestic business interaction when you are interacting with like people. Once it is decided your nation’s domestic business is in good standing, then you can focus more on international business being done with other countries. I believe it is very important to have a separate course on how to deal with international business because it is so much more complex than dealing with transactions taking place within one single nation. With international business, one has to learn how to manage transactions taking place in places with different currencies, customs, religions, government types, cultures, tax systems, regulations and even tastes. For example, the drink Coca-Cola tastes different in every country you go to because the taste preference of people in those countries is different. It can be difficult negotiating with two or more countries that have different government...
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...Total Quality Pioneers Paper xxxxxxxx Quality Management and Productivity MGT/449 xxxxxx xxx Introduction People are confronted with scenarios concerning quality nearly every day. The word or notion of quality can be defined a number of ways. Some think quality should be determined by individual standards and expectations, while others believe quality is an ever changing state. Goetsch and Davis systematically broke down the elements of quality and determined that “quality is a dynamic state associated with products, services, people, processes, and environments that meets or exceeds expectations and helps produce superior value (Goetsch and Davis, 2010 p.5).” Whatever ones interpretation of quality might be, the intent of this paper is to more clearly define quality and its elements as well as describe how the quality pioneer's use of the total quality elements made the pioneers successful. Furthermore, this paper will explain why the elements of quality are useful in today’s environment and offer some insight as to what the future of quality might look like. Quality and its Elements Quality is defined with a variety of distinct explanations. Nevertheless, understanding quality is the key. End use consumers that are businesses explain quality unmistakably through the use of standards, specifications, and other measurable features. For instance, an individual in search of a new automobile will make his or her final purchase decision based on the quality...
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...correct patients so that no other competitors steal valued material. This actually makes their products perform better than other competitors. Politically Under Armour needs to promote good and safe work habits. They do not want a negative view like Nike obtained after they were seen utilizing sweatshops to make a deeper profit in the Industry. Even if a few customers find out they are using bad practices, then it shatters the whole reputation and brand image. Socio-cultural and Global Under Armour and other competitors can and have been using a global image to win the customers over. It is very important that Under Armour utilizes the global image of their quality product, for instance, showing their products on a global scale such as providing gear to the NFL and MLB. People are likely to wear what the professionals wear because they want to be like them. It also utilizes product placement in movies, TV shows, and video games that places their product on a global scale. It can also reach a global scale by endorsements made with worldwide know people, such as people participating...
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...with products from manufacturing to cultural resources that promotes worldwide exchanges of ideas, economic impact and global interaction. The major factors which have contributed advances on an exponential scale include transportation in the air, sea, and ground, and the international infrastructure in telecommunications, from fiber optics, global thinking and the World Wide Web2. The processes in globalization has affected small business to large corporations, economics, social cultural resources, including politics from the migration of ideas with support and criticism from cultural differences intertwined with competition. The creativity and innovation from the diverse cultures has exploded into popularity that affect all civilization and lifestyles. Diverse knowledge and the ability to compete on a global scale has changed the way businesses and individuals interact. The advances in technology, with faster cell phone,smartphones, tablets integrated electronics, multi-CPU architect, faster bandwidth from fiber optic infrastructure will continue to integrate businesses and individuals in globalization for years in the future. The consumption of a product, either electronic gadgets, power tools, food or grains, and intellectual property from the east coast to west coast or United States to China or any other country will affect the supply or demand on a global scale instead of locally from state to state, or neighboring...
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...TM-Chapter 1 (Motivations, Means and Mentalities) In this chapter, a number of important questions that companies must resolve before taking the leap to operate outside their home environment. 1. What market opportunities, sourcing advantages, or strategic imperatives provide the motivation for their international expansion? 2. By what means will they expand their overseas presence-through modes such as exports, licensing, joint ventures, wholly-owned subsidiaries, or some other means? 3. How will the management mentalities – their embedded attitudes, assumptions, and beliefs- that they bring to their international ventures affect their chances of success? Operating in an international rather than a domestic arena presents managers with many new opportunities. Having worldwide operations not only gives a company access to new markets and low-cost resources, it also opens up new sources of information and knowledge and broadens the options for strategic moves that the company might make to compete with its domestic and international rivals. However, with all these new opportunities come the challenges of managing strategy, organization, and operations that are innately more complex, diverse, and uncertain. What is multinational enterprise? * Multinational enterprise has substantial direct investment in foreign countries (Not just the trading relationships of an import-export business), and actively manage and regard those operations as integral parts of the company...
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...Introduction One of the most important items about gaming is there are winners and losers (in a fun and entertaining way), which influences and entices players all over the world. All of the variables involved with the networks that provide gaming platforms are so dynamic and diverse. From games that are purely for fun or learning there will be a huge market for deploying bigger networks. This is one reason networks growth should grow exponentially. Below is what I have identified as a gaming or Local Exchange network. “Retrieved from, http://www.psu.com/a018031/” 12/17/2013 Posted January 17th, 2013 at 19:30 EDT by Timothy Nunes “Retrieved from, http://www.hcl-axon.com/Our_Products/gamedge/” 12/17/2013 “Retrieved from, http://compnetworking.about.com/od/homenetworking/ig/Home-Network-Diagrams/Hybrid-Network-Diagram.htm” 12/17/13 By Bradley Mitchell References • Home Wi-Fi Security Checklist Cited in the "Handbook of Electronic Security and Digital Forensics" and other titles! • Fixing Common Internet Connection Problems There's nothing more frustrating than a broken Internet connection. We have some tips that can help. Summary The development of a good gaming network has many components that work to enable the end user to have a full experience of entertainment and enjoyment. Some networks are much smaller which can be setup for home use. The ability to play a...
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...Global Warming Projections and Fossil Fuel Use By _______ Date: Course: Econ - 382 The belief that global warming has been caused by fossil fuels is a safe assumption simply because of the link that the two share. Carbon dioxide is a greenhouse gas that is released when fossil fuels are burnt. Every time a car gets started or coal gets burnt there is carbon dioxide released into the air and it becomes a part of the atmosphere. When this happens energy gets trapped in the atmosphere and that energy causes more heat to remain inside the earth than escape. As the heat is stuck inside the earth the temperature starts to raise slowly a slow rise that has led scientists to believe that global warming exists. The warming of the globe is steady, but its effects could be drastic enough to cause the world to undergo a great deal of change. Everything from the sea levels to the ice caps to even the weather can be affected by global warming and it can cause problems of both extremes, which could damage the earth beyond repair. The key aspect of all of this is that human activity is directly involved in just how much fossil fuels impact global warming and how it can have a larger impact on the earth and its temperature of a very small impact on it (“Climate Change Basics” 1). It can be safe to assume that there is a change in our climate which is referred to as global warming. The cause of this change has been under a great deal of debate...
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...INTRODUCTION A Climate Repair Manual Global warming is a reality. Innovation in energy technology and policy are sorely needed if we are to cope BY GARY STIX Explorers attempted and OVERVIEW ❊ New reports pile up each month about the perils of climate change, including threats to marine life, increases in wildfires, even more virulent poison ivy. ❊ Implementing initiatives to stem global warming will prove more of a challenge than the Manhattan Project. ❊ Leading thinkers detail their ideas in the articles that follow for deploying energy technologies to decarbonize the planet. 46 mostly failed over the centuries to establish a pathway from the Atlantic to the Pacific through the icebound North, a quest often punctuated by starvation and scurvy. Yet within just 40 years, and maybe many fewer, an ascending thermometer will likely mean that the maritime dream of Sir Francis Drake and Captain James Cook will turn into an actual route of commerce that competes with the Panama Canal. The term “glacial change” has taken on a meaning opposite to its common usage. Yet in reality, Arctic shipping lanes would count as one of the more benign effects of accelerated climate change. The repercussions of melting glaciers, disruptions in the Gulf Stream SCIENTIFIC A MERIC A N and record heat waves edge toward the apocalyptic: floods, pestilence, hurricanes, droughts— even itchier cases of poison ivy. Month after month, reports ...
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...Who does really pay for our Burgers? Institutional Causes, Effects and Solutions to the Meat Industry’s Contribution to Global Warming WHO DOES REALLY PAY FOR OUR BURGERS? 1. Introduction ‘All across the world, in every kind of environment and region known to man, increasingly dangerous weather patterns and devastating storms are abruptly putting an end to the long-running debate over whether or not climate change is real. Not only is it real, it's here, and its effects are giving rise to a frighteningly new global phenomenon: the man-made natural disaster’ (Obama, 2006). Global warming is one of the biggest threats to the environment and human well-being; today but even more for future generations. Global warming refers to the rise of the average temperature on earth. The greenhouse effect makes earth feasible for life. Without its protecting layer of several greenhouses gases (GHGs) such as carbon dioxide, methane or nitrous oxide, the average temperature on earth would not be a life-sustaining fifteen degree centigrade but minus six degree (FAO, 2006). By trapping part of the infrared radiation which would have otherwise bounced back into the cosmos, greenhouse gases keep the warmth. Adding to an ancient natural level human GHG, emissions have increased the amount in the atmosphere of e.g. carbon dioxide and methane since the beginning of the industrial revolution by 36 and almost 150 % respectively with an increasing tendency (EPA, 2007). While scientific research...
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...requires a student to select a country of his/her choice to examine the politics of globalization in that particular country. However, there are sign-up lists for particular group of countries with a maximum number of students who can write on a particular country. These lists are on ‘first-come, first-served’ basis. To encourage students to select countries that are not commonly researched, there is a list of such countries in which students will be given extra points if they choose from this list. The written report should develop and present a position about the politics of globalization for the selected country. The report should also address the expectations as specified by UH Critical Thinking Rubric and by INTB 3352 Global Citizenship Rubric. Please review the grading scheme before writing the report. Technical Requirements: * The minimum requirement is 5 pages (double space with 12 font, Times New Roman, with one inch margins). Maximum is 8 pages (double space). The cover page (e.g., your name and course), bibliography page, and/or any table/figure will not count toward the report’s page requirement. * Provide proper citations. All students must include a separate bibliography page at the end of their paper. For citations/bibliography, please use APSA style. (See: http://library.tamu.edu/help/help-yourself/citing-sources/files/Using%20APSA%20Format.pdf). Points will be deducted for improper citation. * ...
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...Global warming has become perhaps the most complicated issue facing world leaders. On the one hand, warnings from the scientific community are becoming louder, as an increasing body of science points to rising dangers from the ongoing buildup of human-related greenhouse gases — produced mainly by the burning of fossil fuels and forests. On the other, the technological, economic and political issues that have to be resolved before a concerted worldwide effort to reduce emissions can begin have gotten no simpler, particularly in the face of a global economic slowdown. After years of preparation for climate talks taking place in Copenhagen through Dec. 18, 2009, President Obama and other leaders announced on Nov. 15 what had already become evident — that no formal treaty could be produced anytime soon. Instead, the leaders pledged to reach a placeholder accord that would call for reductions in emissions and increased aid to help developing nations adapt to a changing climate and get access to non-polluting energy options. This would in theory give the nations more time to work out the all-important details. Negotiators would then seek a binding global agreement in 2010, complete with firm emission targets, enforcement mechanisms and specific dollar amounts to aid poorer nations. At the heart of the debate is a momentous tussle between rich and poor countries over who steps up first and who pays most for changed energy menus. Read More... Within the United States...
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...SKI RESORTS IN THE USA CASE STUDY Table of Contents: 1. Abstract…………………………………………………………………..3 2. Question 1: What are the most important changes in the environment that have contributed to the drop in revenues?..................................................4 3. Question 2: Why is management a more important success factor for ski resorts now, compared to 20-30 years ago?................................................5 4. Question 3: How is competitive environment of the resorts on the east coast different from that in Colorado? What should the east coast resorts pay particular attention to?..........................................................................7 5. Question 4: Possible changes in the environment in the near future…….8 6. Conclusion………………………………………………………………..9 7. List of References…………………………….…………………………10 Abstract The following paper discuss factors that have lead to changing business environment and its’ impact on ski tourism industry, concentrating especially of the ski resort performance and changes that must take place in order for this business to survive and continue its’ operation on its’ highest level. First and foremost, the economic, political and environmental factors that have been changing in the previous years have lead to the decrease in revenues of the ski resorts that have been taking place since the 1970s. Further on, the management of ski resorts and ski centers must adapt to the above...
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...Situation analysis Kenya’s forests are rapidly declining due to pressure from increased population and other land uses. With B of the country being arid and semi-arid, there is a lot of strain on the rest of the land since the economy is natural resource based. The productive area which forms about 20% of the country’s area falls in the medium and high potential agro-ecological zones and is under agriculture, forest and nature reserves. According to FAO Forest Resource Assessment 1990, Kenya is classified among the countries with low forest cover of less than 2% of the total land area. The dwindling forest cover has a severe effect on the climate, wildlife, streams, human population especially forest dwellers. Introduction. Deforestation is clearing Earth's forests on a massive scale, often resulting in damage to the quality of the land. Forests still cover about 30 percent of the world’s land area, but swaths the size of Panama are lost each and every year. The world’s rain forests could completely vanish in a hundred years at the current rate of deforestation. Reasons for cutting down the trees Forests are cut down for many reasons, but most of them are related to money or to people’s need to provide for their families.The biggest driver of deforestation is agriculture. Farmers cut forests to provide more room for planting crops or grazing livestock. Often many small farmers will each clear a few acres to feed their families by cutting down trees and burning them in a process...
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