Monopoly for the Potato chip industry Essay Example for Free

Monopoly for the Potato chip industry Essay A monopoly is a company that provides a product or service for which there are no close replacements and in which significant barriers of entry can either prevent or hinder a new company from providing competition (Case, et al. , 2009). Take into consideration the potato chip industry in the Northwest are not only competitively structured but are in long-run equilibriums. The firms were earning a normal rate of returns and were competing in a monopolistically competitive market structure. In 2008, two lawyers quietly bought up all the firms and then began operations a monopoly called â€Å"Wonks†. For them to operate efficiently they had to hire a management consulting firm, which will estimate the different long-run competitive equilibrium. With this change comes several important things to consider that will be effected one being the stakeholders involved, price changes and the market structure to be most beneficial to the new corporation. By consolidating the oligopoly members of the Northwest potato chip industry, located in the United States, the legal professionals created a monopoly (Lindblom, 1948, p. 671). By taking away competition in the region, Wonks would now control their position on the market demand curve, where they can go from the produced quantity, to price point, even to where the product can be sold. Monopoly by definition is, â€Å"exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices,† (Monopoly, 2012). In all actuality a package product like a potato chip could not hold market domination for long. Other manufacturers will transport their product into this region like paying slotting allowances, in order to obtain products for placement on the supermarket shelves. An industry that that comprises just one firm producing a product for which there are no close substitutes are called monopolies (Case, et al. , 2009). Although a monopoly has no other firms to compete with it still constrained by market demand (Case, et al. , 2009). With that said a monopoly must choose both price and quantity of outpost simultaneously because the amount that it will be able to see depends on the prices is sets. However if the price is too high, it won’t sell anything. Thus a monopolist will set prices to maximize profit (Case, et al. , 2009). Stakeholders will both benefit and be hurt by the assembly of the new market domination. The Government will receive more revenues for taxes as the prices are raised and new income is earned for Wonks Industry. In the even that the business looks suspicious they may be forced to respond to a demand from other potato chip producers or consumers, to protect them from inappropriate or unfair trading practices (Lindblom, 1948, p. 671). Some cooperating enterpises like supermarkets or corner stores, are more than likely to see an ability to sell Wonks products at higher prices to consumers, perhaps motivated by higher prices being charged to them by Wonks. Since Wonks are assumed to be the only potato chip industry in town the stores can agree to higher prices. They do this because the demand will be higher if the competition is lower (Lindblom, 1948, p. 671). Consumers on the other hand won’t see any advantage, since the only difference in the market is not having any competition (Case, et al. , 2009). Inevitable price increases will come until a consumer refuses to pay the price. Because of that the company will have to reach a point on the demand curve where they will charge only what the customer will pay for the product (Case, et al. , 2009). Many technological and strategic forces shape market structure, including economies of scale, cost of differences among firms, entrants’ expectations and entry barriers (Bresnahan, 2012, 531). The empirical models of market structure from qualitative chose models of firms’ entry decisions. The models are presumed that we do not observe entrants’ revenues or costs (Bresnahan, 2012, 531). Economic models are used to study market concentration in retail markets for new automobiles. One entry summarizes the competitive cost of entry. The second statistic measures the presence of entry barriers or differences in entrants’ fixed costs (Bresnahan, 2012, 531). Monopolistically competitive firms realize that the decisions they make will be reacted to by other members of the club (Case, et al. , 2009). Pricing will be profitable and comparable, product will be widely available, and vendors will try to attract certain segments with pricing or product offerings (Case, et al. , 2009). It is likely the pro-monopoly potato chip companies made similar margins, their products are found next to each other on super market shelves, and the companies were similarly profitable (Bresnahan, 2012, 531). Enterprises derived from Monopoly ran industries, will stay to look for ways to maximize their profits (Case, et al. , 2009). This will allow products to remain the same, therefore nothing will change in how their were offered. The delivery will be consolidated, but plants not having cost advantage will be left behind in favor of lower cost facilities (Case, et al. , 2009). When a monopoly becomes empowered the product mixes will be reviewed and the low production/less profit generating product will be eliminated (Case, et al. , 2009). In doing so a consumer could find one type of chip when there were actually three different types of chips available. The size of the products being offered, as well as the prices and the volume of the products will be tampered with as a result of market forces not influencing these decisions. (Case, et al. , 2009). Between monopoly and perfect competition are a number of other imperfectly competitive market structures (Case, et al. , 2009). Oligopolistic industries are made of a small number of firms where each has a degree of price setting power. A Monopolistically competitive industries are made up of a large number of firms that acquire price setting power by differentiating their products or by establishing a name (Case, et al. , 2009). The sort term life of a monopoly market forces and consumer demand will all act to make the monopolistically competitive firm the best for both Wonks and for consumers. This can be assessed through the Sherman Anti Trust Act to agencies like the Federal Trade Commission and the Department of Justice. A monopolistic competitive firm enjoys some of the advantages of both monopoly and free enterprise (Case, et al. , 2009). The Chip market has barriers that will act to keep all the players in the chip market safe, and margins will be protected while business are happy with their market share. They can also produce and sell with the knowledge that they will not have to manage production volumes or pricing in their marketplace. Some members of the oligopoly will enjoy harmonious business times (Case, et al. , 2009). Consumers can benefit from limited competition and have product provided at prices the free market will set. product shortages, elimination of marginal products, price spikes will not affect their marketplace (Case, et al. , 2009). The chips will be available where the consumer expects and at price points they expect. The price will decrease or increase which will be industry wide this will keep from the producer from being singled out for price increases (Case, et al. , 2009). A monopoly is an industry with a single firm in which the entry of new firms is blocked. An oligopoly is an industry in which there is a small number of firms, each large enough to have an impact on the market price of its outputs. Firms that differentiate their products in industries with many producers and free entry are called monopolistic competitors. A monopoly is a company that provides a product or service for which there are no close replacements and in which significant barriers of entry can either prevent or hinder a new company from providing competition (Case, et al. , 2009). With this change comes several important things to consider that will be effected one being the stakeholders involved, price changes and the market structure to be most beneficial to the new corporation (Case, et al., 2009). By taking away competition in the region, Wonks would now control their position on the market demand curve, where they can go from the produced quantity, to price point, even to where the product can be sold. Stakeholders will both benefit and be hurt by the assembly of the new market domination. Monopolistically competitive firms realize that the decisions they make will be reacted to by other members of the club (Case, et al. , 2009). Bibliography Bresnahan ,Timothy F. Reiss, Peter C. Entry in Monopoly Markets. The Review of Economic Studies. Vol. 57, No. 4 (Oct. , 1990), pp. 531-553. Case, K. E. , Fair, R. C. , and Oster, S. E. (2009). Principles of Microeconomics. (9th ed). Upper Saddle River, New Jersey: Pearson Prentice Hall. Lindblom, Charles E. The Union as a Monopoly. The Quarterly Journal of Economics , Oxford University Press Vol. 62, No. 5 (Nov. , 1948), pp. 671-697 Monopoly. (n. d. ). Collins English Dictionary Complete Unabridged 10th Edition. Retrieved October 08, 2012, from Dictionary. com website: http://dictionary. reference. com/browse/monopoly.

The Definition of Success :: Definition Essays 2014

"Take up one idea. Make that one idea your life - think of it, dream of it, live on that idea. Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone. This is the way to success.† – Swami Vivekananda -- What is success? How can I come successful? There's a library's worth of self-help books on how to become successful. Yet, at the end of the day, each of us decides our own personal definition of success. How will we balance security and adventure, challenge and safety, mastery versus risk-taking?.   Learning expert Dawna Markova's words are simple yet profound: "Each of us is here to give something that only we can offer, and when we avoid knowing ourselves, we end up living numb, passionless lives, disconnected from our soul's true purpose." How do we figure out that true purpose? Sometimes, it comes to us when we quiet the busyness in our hectic lives, when we look inward. For young adults, it often requires moving through the world, engaging in many new and different experiences to find what calls us, what excites us. While you are figuring out how you want to define success, it's useful to build leadership capacities, because the more capacity you own, the more options you will have over time.   Knowing yourself well is one capacity. Speaking effectively is another. So are writing persuasively, speaking a second language, and learning how to read a financial statement. The capacity that seems to be the best predictor of long-term success in the work world is learning agility-the ability to keep acquiring new knowledge, building ever more capacity. We know that adventures, such as traveling to new places and undertaking new projects, build capacity. Real-life work experiences-managing deadlines, receiving/giving feedback, identifying problems, and developing creative solutions-all build capacity and skills. This proves especially true when the work is new and different. Working in teams, interacting with

Explanatory Synthesis

Sania Arsala Professor Anthony Pino English 101A 4 April 2013 The Source of Magic: Explanatory Synthesis Although there are many fairy tales, â€Å"Cinderella† is a fairly well-known magical story enjoyed and told by arguably thousands of cultures around the world. In the typical â€Å"Cinderella† fairy tale, the Fairy Godmother magically appears and transforms Cinderella from her destitute state into a beautiful princess who lives happily ever after with her Prince Charming. There are many versions of â€Å"Cinderella† from the different cultures that have embedded magic into the fairy tale.The source of that magic and tests differs in the ways it unites the Cinderella characters with her Prince Charming characters. Amongst the plethora of different cultures’ versions of â€Å"Cinderella,† Walt Disney uses the most common type of fairy tale magic. Once the stepsisters go to the ball, Cinderella is sobbing because she wants to go too. Her Fairy Godm other suddenly appears and helps Cinderella prepare for the ball. She magically turns a pumpkin into a coach, mice into horses, and the dog into a footman.One last important magic spell is left to cast, and as the Fairy Godmother waves her magic wand and sings, â€Å"Salaga doola, Menchicka boola, Bibbidi bobbidi boo! † Cinderella’s ragged clothes turn into a beautiful gown. However, Cinderella is warned by the Fairy Godmother that she has to leave the ball before the clock strikes midnight because the spell will break and everything will turn back into its original form. Cinderella must take heed in what Fairy Godmother told her or consequences may follow.With the help of the Fairy Godmother, Cinderella is able to go to the ball, and she falls in love with the prince. Prince Charming is also madly in love with her and goes from house to house looking for her. Because of the magical transformation of Cinderella’s appearance, the prince’s only hope to find his princess is by making every girl try on the glass shoe Cinderella left behind at the ball. The use of magic allows the story to end happily. However, the Fairy Godmother does not appear in some of the other cultures’ â€Å"Cinderella† stories; she is not the source of magic.In the Native American version of Cinderella, â€Å"Oochigeaskw, The Rough-Faced Girl,† no magic used to find her prince until after she meets the Invisible One. Unlike in Disney’s version, her own two malicious sisters physically torture Oochigeaskw: â€Å"The wicked sister would burn her hands and feet with hot cinders, and she was covered with scars from this treatment† (246). Without any help from anyone, Oochigeaskw decides to design a dress for herself out of sheets of birch bark.Even though Oochigeaskw does not look as beautiful as the Disney Cinderella, her inner beauty and ambition make her successful in her mission without the need of a fairy godmother to unite he r with the Invisible One. When the Invisible One’s sister asks Oochigeaskw if she can see him, she responds, â€Å"I do indeed—and he is wonderful! † (247). With that being said, the Invisible One’s sister takes her home and bathes her. Magically, her scars disappear from her innocent body, her hair looks rich and silky, and her eyes shine like stars.Oochigeaskw looks breathtakingly beautiful and becomes the Invisible One’s beloved wife. Oochigeaskw’s patience and diligence help her achieve what she wants, the Invisible One. The source of magic in this fairy tale is the Invisible One’s sister. Although the sister reveals Oochigeaskw’s true beauty by bathing her, this happens only after Oochigeaskw passes the pivotal test. Indeed, every â€Å"Cinderella† story has unique magic and hardships in it, but the source of magic and test is different in each version.Whether it is a Fairy Godmother or the Invisible One’s si ster, the fairy tale is neither complete nor successful without their presence. Their magic and test arise questions from readers whether â€Å"Cinderella† and prince charming will ever reunite, yet they still have hope for a â€Å"happily-ever-after† ending. One of the the significant difference between the two fairy tales is that Disney Cinderella hides her real self and beauty to win the prince’s love rather Oochigeaskw does not need material things to make her look beautiful in order to conquer the Invisible One’s heart.Oochigeaskw did not ask for the help of magic to give her happiness which was the Invisible one, instead she was blessed with it. On the other hand, Cinderella and Prince Charming are able to unite and become one forever with the aide of magic. Further, even though the Native American â€Å"Cinderella† has a different story compared to the Disney version, the theme of magic and test given to â€Å"Cinderella† helps reader s understand it is a Cinderella story, as does the fact that both characters at the end marry their beloved and live happily ever after.Readers can also conclude that every â€Å"Cinderella† does not necessarily need magic; with self-confidence and patience one can achieve their goals and desires just like Oochigeaskw. Work Cited â€Å"Oochigeaskw-The Rough-Faced Girl. † Writing and Reading Across The Curriculum, 12th Ed. Laurence Behrens and Leonard J. Rosen. Boston: Pearson, 2013. 245-247. Print. Grant, Campbell. â€Å" Walt Disney’s Cinderella. † Writing and Reading Across The Curriculum, 12th Ed. Laurence Behrens and Leonard J. Rosen. Boston: Pearson, 2013. 247-249. Print.

Corporations Law

Corporations Law 1. 0 Areas of law Corporate social responsibility has long been a touchy issue for governments not Just in Australia, but around the world as well. Companies in Australia are governed by the corporation's act, which outlines the legal capacity and power of a company. The Corporations Act 2001 (Act) s AAA, defines a corporation as a separate legal entity, that includes any corporate body and unincorporated bodies that may sue, be sued or hold property in the name of an office holder appointed for that purpose.In context of corporate governance, the main issue is with the current escalation is in regards to director's duties. Under the Corporations Act 2001 (Act) asses, directors have a civil obligation to act with due care and diligence, with best interest of the corporation in mind. This civil obligation however, does not extend to certain classes of stakeholders other then shareholders. Modern day companies often have a great impact on society at large, through the various activities they conduct.Given the broad economic, environmental and social impacts they have, it is understandable that a push has been made for director's duties to extend beyond warehouses, and include stakeholders at large. The Corporations Act 2001 (Act) sass, also outlines the legal capacity and powers of a company. S 124(1) states, † a company has the legal capacity and power of an individual both in and outside this jurisdiction†. A company can also be held primarily or secondarily accountable for torts and crimes.To think of a corporation as solely an instrument of business, fails to account for social changes, which has taken place over the past century. 5 It is therefore vital that amendments be made to the Corporations Act 2001 (Act), so as to ring accountability and responsibility of corporations and directors up to date with societal change that has occurred over the past decade. 2. 0 Problems associated with the law The current law governing compani es and directors outlined in the Corporations Act 2001 (Act), only allow for calculated corporate social responsibility.According to the Corporations Act 2001 (Act) asses, directors are required to act in good faith and in the best interest of a company, and in appropriate circumstances may choose to take into consideration a range factors external to shareholders, only if they benefit the warehouses collectively. As a result, companies may be obliged to consider CARS, only when it is likely to result in positive publicity, public approval, endorsements and goodwill; investor confidence and demand; and promote a positive impact on company share prices.It is evident that the current Corporations Act 2001 (Act) limits company director's ability to adhere to CARS practices, as shareholders must receive some benefit from engaging in CARS. This can be seen through statements made by The Australian Shareholder Association pertaining to corporate donations in relation to tsunami relief eff orts, here it stated directors have no approval for philanthropy, donations should only be made in situations where they are likely to benefit the company or shareholders through greater exposure.Directors who seek to engage in CARS activities that do not directly benefit their companies or stakeholders would therefore be in breach of their director's duties outlined in the Corporations Act 2001 (Act) assess, and this is where the the Corporations Act 2001 (Act) falls short. 3. 0 Recommendations & suggestions Although there are absences of specific law regarding how companies should be socially responsible, new suggestions and recommendations may be implemented as a guideline for companies to be socially responsible.One of the suggestions is for companies to introduce triple bottom line reporting, principles of conduct and charitable contributions in their environmental record as to evaluate its responsibility performance. However, according to the s 181 of the Corporations Act 2001 (Act) directors of the company should prioritize needs of the company for proper purposes by exercising their powers and duties in good faith. Also, theAustralian government may introduce a rule that requires registered companies to participate in a policy in which each company need to design a Corporate Social Responsibility Committee that will observe every activity conducted and how will it impact those other than the shareholders, specifically the employees, suppliers, customers and also the environment. The company would then have to participate in a policy in which it is required to be publicized on its own website.Although it may be contradicting to the directors' best interest for the company, by spending an mount on volunteering programs, such as the hunger project to help extinguish famine in poor countries, it also helps the company to build a better image that in turn, could be advantageous to the directors. 4. 0 Issues of importance The push for company reporting to in clude CARS related information in annual reports is of utmost importance, given the prominence of corporate influence in today's society.The recommendation to implement triple bottom line reporting would increase the extent to which companies are taking responsibility for the consequences of their actions, in relation to corporate activities that touch on environmental or other issues of community concerned The implementation of the policy requiring companies to establish a corporate Social Responsibility Committee are also essential in the push for more CARS friendly law reforms governing Australian companies.Greater transparency in relation to social and environmental impacts of companies has been called for by community groups, given the success of corporations as vehicles for productive enterprise. The degree of accountability displayed by companies in their course of business pertaining to social and environment issues are understandably a matter of public interest, due to mode rn day companies having a large environmental and social impact on external stakeholders in the course of their activities. . 0 Foreign solutions for CARS A similar issue has been addressed in the United Kingdom in regards to the degree that the directors may take into consideration on its responsibility to other individuals besides its shareholders. As it was being evaluated by the country's Department of Trade and Industry, the issue had resulted in the establishment of the Companies Act 2006 (I-J) (companies Act') that constitutes the first codification of directors' duties.Based on the Companies Acts 172, it has been maintained that the directors are obliged to take considerations of the interests held by individuals other than the shareholders, employees, customers and also the environments 5. Nevertheless, the provision claimed that the directors are required to function in a way that the success of company can be improved, which will then prompt the directors on its duties in protecting the interest of the shareholders.Also, in India, he government has come up with the introduction to the policy of a two-percent Corporate Social Responsibility law that promotes company to be charitable by having two percent from profit earned each financial year to be spent on government-approved projects that may consist of environmental sustainability and education that are leaning towards development of the nation as a whole. Companies are liable in designing its own committee of corporate social responsibility to aid in observing, reporting and preventing any activities that may harm the society and environment.Each report is then to be disclosed in the company's website as required by the policy. 6. 0 Views on suggested reform policies In relation to the proposed reporting reforms pertaining to CARS, we are in agreement that the implementation of the suggested changes would be in the best interest of companies, their directors and wider stakeholders at large. The C orporations and Markets Advisory Committee has stated in their report that it does not support the revision of The Corporations Act 2001 (Act), in relation to the inclusion of CARS under director's duties.The proposed amendments have been seen to fail in providing directors with meaningful clarification, whilst risk obscuring the accountability of directors. It is their belief that that the most effective response to concerns arising from time to time pertaining to the environment and social impact of business behavior, is through the setting of specific legislation directed to the problem real 8. However the Corporations and Markets Advisory Committee have identified a number of issues in relation to the implementation of environmental and social reporting elicits.Issues relating to discrepancies that may arise in relation to comparability, market advantage and cost have been identified. In regards to the comparability of company reports, it has been argued that additional mandator y reporting is necessary to ensure comparability of non-financial reports. Further more, it has been identified that enhanced mandatory reporting would reduce selective positive-only reporting, thereby only benefiting responsible companies by improving their standing among risk analysts.Lastly, concerns have been raised by companies in geared to costs that will have to be incurred due to additional mandatory reporting. There has been a general consensus among companies that additional mandatory reporting will be too costly, however others have argues that such additional reporting could in fact reduce costs, through the standardization of reporting requirements. Having considered these statements, we still belief that the best approach in relation to company CARS reporting, is through the introduction of separate policies which are to run concurrently with the Corporations Act 2001 (Act)

Fairleigh Dickinson University Essay Essay Example

Fairleigh Dickinson University Essay Essay Example Fairleigh Dickinson University Essay Essay Fairleigh Dickinson University Essay Essay Choosing the right university to go to that’s a right tantrum for a pupil can be a really ambitious undertaking. There are so many universities to take from and they all have a similar claim of being able to offer pupils the best instruction. Therefore when taking a university. it is of import to analyze the school’s civilization. admittances procedure. plans offered every bit good as the doctrine that is endorsed by the school. FAIRLEIGH DICKINSON UNIVERSITY Fairleigh Dickinson University is a private university located in Madison New Jersey. FDU has four locations total ; two campuses are located in New Jersey. one is in Canada and one is in London. : FDU has been in being for over 60 old ages now and has over 10. 000 pupils from all over the universe ( Fairleigh. 2008 ) . FDU degree plans include Associates. Bachelors. Master’s and doctorial grade plans in psychological science ( Fairleigh. 2008 ) . Fairleigh Dickinson University besides offers its pupils combined Bachelors and Master’s degree plans that allow pupils to have both in approximately five old ages clip ( Fairleigh. 2008 ) . At Fairleigh Dickinson University. the political orientation is that a college instruction must develop pupils for a life span of thoughtful life. Fairleigh Dickinson University was honored by The American Association of Colleges and Universities by declaring FDU to be one of nine plans in the United States to function as a primary illustration for other educational establishments ( Fairleigh. 2008 ) . FDU considers accepting pupils for admittance based on a student’s ability to efficaciously presume both professional preparation and a broad humanistic disciplines course of study ( Fairleigh. 2008 ) . Fairleigh has a great squad of admittances counsellors to help both domestic and international pupils with whatever concerns that they may hold ( Fairleigh. 2008 ) . In order to be considered for admittance at FDU. first-time pupils must subject a completed application. There is besides a $ 40. 00 nonrefundable application fee demand. Prospective pupils must besides subject their SAT or ACT tonss and an official transcript of their high school transcript ( Fairleigh. 2008 ) . Personal interviews are by and large non a necessity of the admittances procedure ( Fairleigh. 2008 ) . However. FDU militias the right to bespeak for an interview if necessary ( Fairleigh. 2008 ) . FDU INTERNATIONAL STUDIES PROGRAM FDU today is the world’s leader in planetary instruction ( Fairleigh. 2008 ) . Fairleigh University’s international surveies plan trains student’s via an extended scope of professional enterprises to bring forth universe citizenship through diverse cultural. societal and academic experiences ( Fairleigh. 2008 ) . The literacy. extended cognition. economic basis and communicating accomplishments that international surveies big leagues achieve in the International Studies plan lead to booming callings in authorities. banking. publication. jurisprudence. international concern and instruction. The FDU International Studies plan was designed sing the importance of stressing planetary jobs. peace and struggle declaration ( Fairleigh. 2008 ) . CONCLUSION Fairleigh Dickinson University has a really good admittances plan. They have adequately separated the domestic and international admittances procedure so that pupils can have the proper information harmonizing to their domestic or international concerns and questions. Like most private schools. FDU’s admittances demands seem sensible and are comparable to other private establishments. In add-on. FDU’s International Studies plan appears to be an first-class plan ; the fact that the plan is established with an accent on planetary jobs. peace and struggle declaration is an indicant that it is a good and thorough plan. Mentions Fairleigh Dickinson University ( 2008 ) . College Bound Network. Retrieved April 14. 2008 from hypertext transfer protocol: //www. collegesurfing. com/college-university/fairleigh-dickinson- u. hypertext markup language? OVRAW=fairleigh % 20Dickinson % 20University A ; OVKEY=fairleigh % 20dickins on % 20university A ; OVMTC=standard A ; OVADID=8524368012 A ; OVKWID=1086126055 12 A ; ysmwa=N-Ux0o64VN1DHWiLAUHu8AEMvqxvGtBD3TPfPHLPWmXOwf- f8eC6wagAFIngcJFJ A ; referer=http: //search. yokel. com/search? ei=utf-8 amp ; fr=slv8- A ; p=farleigh % 20Dickinson % 20University A ; type= A ; campaign_id=10387811 A ;

International Economics Definition

International Economics Definition What exactly international economics is and what it covers tend to depend on the views of the person using the definition. Roughly speaking, it covers economic interactions between countries such as international trade. More precisely, international economics is the field of study that deals with trade between countries. Topics in the Field of International Economics The following topics are a sample of those considered in the field of international economics: Exchange rates and flows of money between countries Free trade and trade disputes, such as the softwood lumber dispute Immigration and migration between countriesThe role regulations and shipping costs play on trade flowsHow differences in tax regimes influence a companys decisions on which countries to operate in International Economics - One Perspective The book International Economics: Global Markets and International Competition gives the following definition: International economics describes and predicts production, trade, and investment across countries. Wages and income rise and fall with international commerce even in large rich developed economies like the US. In many countries, international economics is a matter of life and death. Economics as a field began in England in the 1700s with a debate over issues of free international commerce, and the debate continues. Domestic industries pay politicians for protection against foreign competition. Institute for International Economics' Definition The Institute for International Economics examines a number of hot topics in international economics, such as outsourcing, US steel policy, the Chinese exchange rate, and trade and labor standards. International economists study questions such as How do sanctions on Iraq impact the lives of the common citizen in the country?, Do floating exchange rates cause financial instability?, and Does globalization lead to an erosion of labor standards?. Needless to say, international economists deal with some of the more controversial topics in economics.

Lesbian and Gay Parenting Essay Example | Topics and Well Written Essays - 1000 words

Lesbian and Gay Parenting - Essay Example But the lesbian and gay parents and their children face discrimination and marginalization in the society. So, the mainstream society needs to change because one’s sexual identity is personal can do nothing to the children. Personal experience: The personal experience/interaction section in this work is based upon my personal interaction with lesbian and gay parents and their children, and is divided into two sections: response to reading reflections and intervention with lesbian and gay parents and attempt to unearth the problems faced by them. A. Response to reading reflections From a different angle of view, parenting is not a difficult task for lesbian and gay people, but the process to have children of their own is extremely difficult for them. For instance, lesbian and gay parents cannot have their own children through biological process. So, they are forced to depend upon other methods like adopting a child from an orphanage, depending upon donors who are ready to co-op erate with insemination, and accepting the help of surrogate mothers. On the other side, the lesbian and gay parents are similar to other parents because they show keen interest in the growth and development of their children. ... One can see that the general opinion that the children who are from lesbian and gay families face a number of disadvantages is not true because researches based on the same reject this generalization. Ricketts (1991) makes clear that, â€Å"Studies on gay and lesbian parenting support the position that children are not disadvantaged and, in some cases, receive unique benefit from being reared by gay, lesbian individuals† (p.47). Besides, the lesbian and gay people do not consider their families as different from traditional families and they are ready to raise children. Mizrahi (2008) states that, â€Å"Recent government surveys demonstrate that many lesbians and gay men are already raising children, and more lesbians and gay people would like to have children at some point† (p.245). So, one can easily identify the fact that a child’s parents’ sexual identity or the interest in lesbianism/homosexuality does not harm his or her growth and development. B. In tervention with lesbian and gay parents and attempt to unearth the problems faced by them So as to unearth the problems faced by lesbian and gay parents, I interacted with a number of lesbian and gay parents and their children. Most of the lesbian and gay parents pointed out that they do not feel any difference from other parents. They further added that their sexual identity will not harm their children’s lives because it is personal. But Harding (2011) states that, â€Å"But in certain respects, lesbian and gay parenting remains on the periphery of legal protections for lesbians and gay men, and understandings of the relations of family life for lesbian and gay parents are much less entrenched than considerations of same-sex relationships†(p.5). On the other side, most of the