Abstract This paper analyzes the current economic conditions in the United States and makes speculations on the future. It claims that the bursting of the technology bubble, the terrorist attacks of September 11th and the ensuing war in Afghanistan have impacted negatively on both individuals and the stock markets. The paper explains our current phase for the business cycle, economists? predictions and the latest Gross domestic product (GDP).
Table of Contents
Introduction
What Phase of The Business Cycle are we in?
What Is The Latest GDP (Real And Nominal)? How has this Changed Since 1999?
What are Economists Predicting for the Current Year?
What Three Events Have Occurred or will Soon be Resolved that Likely will Affect the Economy In 2003?
Conclusion
Bibliography
From the Paper "The industrial age was an age of giant, mega corporations that were often bogged down by inefficient and outdated distribution, innovation, and production techniques. By contrast, the information age of the past 20 years or so has brought forth a new business form, a fluid congregation of businesses, sometimes highly structured, sometimes amorphous, that come together on the internet to create value for customers and wealth for their shareholders. This phenomenon has been commonly referred to as ?digital capital,? ?information technology revolution,? or ?new economy.? However, as both the Dow Jones Industrial Average and the Nasdaq soared to historic highs and record volatility in just a few short years, a widespread and quite fundamental disagreement emerged concerning whether or not the high-tech boom was nothing more than one huge bubble."
Abstract To understand the implication of inflation and deflation, the author outlines the functions of money and of the price system. He defines terms such as Price Stability and Consumer Price Index. The paper discusses the history of business cycles and the associated problems. He concludes with a discussion methods to control the economy.
Graphs
ISLM
Target Inflation
Pricing
From the Paper "Price stability exists when prices overall are stable, which is the same as the permanent value of money. This does not mean that prices are fixed, but rather that taken on the whole they are stable when measured relatively. Indeed, in an environment of price stability, one would expect some prices to be rising but other to be falling. The main function of the price system consists in guiding the productive structure and the market system requires the enforcement of private property because the price becomes the expressions of those interactions of individual valuations through the use and disposal of what is owned. These interactions of the individuals participating are the market modifies the relative price structure according to the changes that take place in their individual valuations. By contrast when the general prices level of goods and services have persistent and relatively large increase we have inflation and when prices move predominantly down we have deflation."
Tags: money, price, stability, consumer, gold, dollar
Abstract This paper compares the values of free trade to managed trade. It begins by defining trade and identifying the ideal trade. The paper argues that free trade is the best policy to increase prosperity and equality in a capitalist society. It describes managed trade as the current situation, as tariffs and trade policy try to create fair grounds for commerce between two nations, as seen through the example of Japan and the United States. The writer states that protectionist policies, as used in managed trade, have been the anthem of the past and have led to war and conflict.
From the Paper "Trade is the exchange of goods and services between two countries. In order for trade to be successful, both sides must perceive that they benefit from the exchange, or the trade will not take place. In a perfect world, both parties go away from the trade happy that they have ridded themselves of something of which they have surplus, and gained something of value to them. However, in the real world, this does not happen all of the time and one party or the other walks away feeling ?cheated.?
Tags: world, trade, organization, wto, globalization, capitalism, capitalist, policy, global, economy, equality, tariff, japan, usa, united, states
Abstract This paper defines the concepts of "tangible" and "intangible" rewards and compares the benefits of each of these to the employee. The practice of rewarding employees is essential in a company and the paper looks at the advantages for the businesses which include higher employee motivation, higher output and job satisfaction. The paper also examines whether tangible or intangible rewards provide different results.
From the Paper "There has always been a need to make structured rewards as well as recognition systems in order to give confidence and support to employees and managers for changing their behavior towards work as individual as well as a group.
"However, the correct method to rewards varies across stages of implementation that may have necessary added rewards to tie it to formal measurement and performance appraisal. These rewards whether tangible or intangible, are means of recognizing the value of sharing and working hard, appreciating the contributions the employees make in the organization, as well as a rising awareness about the importance of not noticing what they know (APQC, 2001)."
Abstract This paper looks at the strengths of the large corporation, UPS, and how they can be utilized to expand market share internationally. The writer uses analysis to describe two different alternatives that UPS can incorporate to ensure continued success.
Table of Contents:
Core Competencies
First Alternative
Second Alternative
Recommendation
From the Paper "United Parcel Service has made dramatic enhancements to their technological operations over the past ten years. These advances have paid large dividends in the U.S. market and, in conjunction with the capital raised by the company's initial public offering in 1996, have enabled the company to significantly expand operations internationally. Despite great strides in electronic access globally (i.e. web, wireless technology, UPS OnLinea Advantage, & UPS OnLinea Worldlink), these services appear to be underutilized. Recently, UPS has been finding growth through geographic expansion. With delivery capabilities already in excess of 200 countries, this method will inevitably fail to offer additional growth. Therefore, the problem UPS is facing is the maturing of their previous growth model and a necessity to redefine or augment corporate strategy."
Abstract This paper examines how global markets provide Americans and other citizens of the world with more opportunities for people to tap into more and larger markets around the world. It looks at how we now have greater access to more capital flows, technology, cheaper imports, and larger export markets. It also notes how new risks come with these new opportunities and how, as we move into a global era, we must reevaluate our security strategies.
From the Paper "As a result of the globalization boom of the 1990s, we now live in a world in which markets, media, law, corporations, labor, scientific research and advocacy groups are international, multinational, and multicultural. This has resulted in an enormous increase in multiculturalism around the world. Thus, globalization has encouraged differences in our daily lives. For example, nearly every city in the world now provides its residents with a variety of food choices, including Spanish, French, Italian, Thai, Middle Eastern, Indian, Mexican, Chinese and more."
Abstract This paper looks at whether the Average Daily Attendance (ADA) or Average Daily Membership (ADM) provides a better way of allocating funding for schools. The paper also looks at provisions for funding of the No Child Left Behind Act, and how best to equalize funding resources.
From the Paper "The Ohio House budget called for a shift in the way students are counted because it believed that Average Daily Membership (ADM) counts phantom students and it preferred to count Average Daily Attendance( ADA). President of the Ohio Federation of Teachers testified before the Ohio Senate Education Committee that because a student is absent on a given day, the cost of the educating that student is not reduced at all. Students who have erratic attendance records actually cost more to educate he said..."
Abstract In this article, the writer notes that illegal immigration is one of the biggest controversies and highly debated issue in the United States of America. The writer maintains that the impact of illegal immigration on the U.S economy is omnipresent with the U.S economy falling while emerging economies are making significant progress. The writer notes that many economists believe that the illegal immigration into America is a kind of economic war being waged against the Americans. The law makers and the officials in the Government have taken notice of the growing impact of illegal immigrants on the U.S economy and have taken steps to amend the existing laws so as to prevent illegal immigrants from entering the United States of America. The writer discusses that apart from the economic impact, illegal immigration has brought with it other social, religious and security problems. The writer looks at the different faces of illegal immigration and its effects on Americans.
Outline:
Introduction
Illegal immigrants
Modes of Entry
Origin of Illegal Immigrants in America
Impact of Illegal Immigration
Economic Impact
Numerical Data to Support the Economic Impact
Other Faces of Illegal Immigration
Security Issues and Costs
Education and Medical Care Costs
Environment Degradation
Crimes Committed by Illegal Immigrants
Conclusion
From the Paper "One of the most profound impacts is the decrease in the wages of low skilled workers in America. Jobs that Americans refuse to take because of lower wages are now being taken up by illegal immigrants. This has resulted in unemployment among the Americans. American companies often prefer foreign workers who work harder for a lesser pay than the American citizens. This has lead to improper distribution of income and increased the gap between the rich and poor American citizens. Another reason why the American companies prefer foreign employees is both the employer and employee can easily escape from paying taxes to the Government. The undocumented workers do not pay their taxes. In the case of American employees the taxes are deducted from their pay roll. Although illegal immigrants increase the profits for their employers they hurt the American taxpayers. Since most of the illegal immigrants have low educational qualification and low skill level they are most employed for lower wages in poor working condition mostly in underworld economies. Hence the illegal immigrants easily evade the payment of taxes without their knowledge."
Abstract This paper explores how the economy affects the automotive industry. Specifically, the paper discusses the effects of shifts and price elasticity of supply and demand and wage inequality on the automotive industry. Additionally, the positive and negative externalities and monetary and fiscal policy aspects are addressed. The writer concludes that overall, understanding the impacts of wage inequality, monetary and fiscal policies, and the price elasticity of supply and demand can help determine the outcome of the automotive industry.
From the Paper "There are many characteristics of supply and demand that impact the automotive industry. The automotive industry is a competitive market which consists of a market where there are several buyers and several sellers and both have a minor impact on the market price. Consumers within the automotive industry determine the shifts in supply and demand. There are several variables that can shift the demand curve. The main variables are income, prices of related goods, and substitutes. The automotive industry is affected by buyers' incomes. For example, if an individual loses their job they would have less money to spend on a new vehicle. In the automotive market there are numerous amounts of substitutes. When the price of one vehicle increases the demand for a substitute will increase. The supply shifts are an additional factor which can impact the automotive industry. As new auto companies open there will be a change in the equilibrium and the shift in supply. The number of sellers would increase the number of vehicles available and the price would decrease."
From the Paper "With the advent of increasingly rapid communication and economic interdependence, globalization is an increasingly pervasive force. This is particularly true in the Third World where, because of the comparative weakness of the nations, they become more dependent upon the superpowers. While the process of globalization is such an omnipresence that one can hardly identify anything that has not been at least somewhat affected, there are, of course, phenomena which can not be sufficiently explained by the forces of globalization alone. "
Abstract This paper explains American monetary policies, how they are set by the Federal Reserve bank, and how they impact the American economy. Also examined is how the Federal Reserve Bank keeps the American economy stable.
From the Paper "The Monetary and Fiscal Policies, although controlled by two different organizations, are the ways that our economy is kept under control. Both policies have their strengths and weaknesses, some situations favoring use of both policies, but most of the time, only one is necessary."
Abstract This paper presents an analysis of the effects of oil production and consumption on the world and US economy, with reference to NAFTA, OPEC, central banks, and other important players in the economy.
From the Paper "Of the factors that affect economic growth the industry of Oil and Gas is one that holds a stronghold in the world's and America's economy today. When evaluating the economic growth factor of economy and specifically oil and gas one must consider the following questions: ? what relationship does the factor have with the whole economy? ? How does this factor affect economic growth, and ? Is the factor a cause or effect of economic growth?'"
Abstract This paper argues that the current energy crisis in California has been manufactured by politicians through the intentional manipulation of the availability of energy sources for consumers. The author includes explanations for this accusation.
From the Paper "The Californian energy crisis is quickly demonstrating to politicians, environmentalists, and economists that there are certain flaws in the structure of how energy is produced and delivered to the people of the United States. Thus far, this problem has manifested mainly on the West coast due to several key factors in overall energy use statistics. These factors shall be examined later in this paper. However, the current issues of the energy crisis are often distributed between blaming economists for bad energy management strategies and blaming politicians for providing sanctions that open up the minimal power reserves for additional use. This paper shall examine this problem from the perspective of the economist, where it will be clearly shown how the meddling of politicians has resulted in the current energy crisis in California."
Tags: companies, company, economy, electric, management, wilson
Abstract This paper discusses the history of capitalism, specifically in regard to the American economic system. The author addresses a variety of flaws within capitalism and takes a sided angle against modern capitalism and its functions.
From the Paper "Capitalism is one of the most misrepresented economic structures practiced in the present day. The economic standing of a capitalist society relies on the monetary participation as well as the drive for accumulation of material possessions by the people. Capitalism requires voluntary advancement through the socioeconomic system, as a participant, even when an individuals. personal beliefs, values, and morals are contradicted by the system itself.This requirement establishes, that while living within a capitalist economy, people are expected to conform their personal and professional opinions within the capitalist system of beliefs. One has no choice other than conformity within the system if one intends to live a fruitful and prosperous life."
Abstract This paper is an argumentative essay about the need for salary caps in Major league Baseball. The paper argues that salary caps are necessary in order survive as a profitable sport.
From the Paper "There is obviously a problem in Major league Baseball and it needs to be fixed before the league goes belly up. While this sounds preposterous it is quite possible. In my mind the best solution would be a salary cap and revenue sharing. As a Padres fan I grow tired of seeing them place last or second to in the NL West. While I will still support them I won?t be attending as many games (especially while in Iowa). Because of this they will lose money in ticket sales, with the effects of that trickling all the way down to revenue for broadcasting, leaving them in a financially precarious position. This is in danger of happening to many teams. Fans are going are growing tired and vexed at seeing their teams go nowhere in the post-season. Three competitive teams are not enough to keep a profitable fan base and more importantly profitable revenue."
