Discontinuity of History of Economics

Continuity/Discontinuity of History of Economics Introduction Alfred Marshall (Principles of Economics 21) gave his interpretation to the classical economists as ideally early and crude supply and demand theorists, with the demand side in its earlier stages of development. It is from this interpretation that the continuity debate emerged.Advertising We will write a custom essay sample on Continuity/Discontinuity of History of Economics specifically for you for only $16.05 $11/page Learn More As Marshall indicates, the classical economics approach to the theory of value and distribution was different from that of the Marginalists. Whereas the Marginalists in their framework symmetrically treated profits and wages, the classical economists explained profits in terms of two data sets; real wage and production in progress. Profits are therefore considered as residual income. Continuity vs. Discontinuity The classical economists more specifically Ricardo and Smith were more interested in the laws that govern th e capitalist system characterized by class structure: landowners, workers, and the growing class if capitalists. Under the classical, the theory of value was formulated to ascertain the dominating factors at work and assess their interaction. For them matter cannot be created by man instead it can only be changed from one form or moved. Production of goods involves destruction and the actual cost of a commodity is reflected in terms of the commodity destroyed while in the process of its production. The Neoclassical Economics (NEC) gained its prominence between 1880 and 1890. From this period onwards it remained largely static. Major writings of Alfred Marshall, Richard T. Ely and E.R.A Seligman were rewritten over a period of four decades with very few changes. Neoclassical economics in practice has evolved into a dismal science of choice with most of its choices bad. Under the neoclassical economics if you want something good, then you must give up something good in exchange. The m ajor theme underlying the neoclassical approach is trade off, in order to achieve efficiency, equity must be sacrificed, to attract business then the government must lower its tax rate, and to prevent inflation a considerable majority of the population must remain unemployed. To a large extent neoclassical economics represents a continuity of the classical ideas. There is a close relationship between modern capitalism and the notion of free markets, private tenure and common land rights and demand and supply of goods and services. Productivity is a necessity in the modern world as goods and services are exchanged at a price in the market.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The price used for the exchange of goods and services is determined by various factors. As explained by Scissor †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.., the prices that producers are willing to receive in exchange of the goods and services it determined by the cost of producing the goods and services and they may include all resources used such as exertions of different kinds of labor and waiting on the capital used in production. The goods are exchanged in a market in which it is regarded as a place in which manufacturer sell goods to wholesalers that in return sale to retailers or final consumers. The motivating factor to the exchange of the goods and services is the price that could also be determined by the future expectations. Marshal Scissor notes that the market price of commodities in any given market could also be determined by the stability of equilibrium of a given normal demand and supply (Principles of Economics 21). The equilibrium price of commodities in the market keep on fluctuating based on underlying factors. For instance, increased supply of goods and services leads to an decrease in the equilibrium price while an increase in the demand of the same commodity could result i n an increase in the equilibrium price unless it is closely associated with an equivalent increase in supply (Heilbroner 165). Individuals that were made landless by the expansion of the European land tenure are compensated. The analysis of classical economics begins with the distinction between a commodity market price which tends to continuously fluctuate on a daily basis and the natural price of the same good which has a mea upon which the market price revolves. From this viewpoint, classical economy offers two explanations on the determinants of a commoditys natural price. Basic economics recognizes the fact that there are 3 factors used in the production to generate social wealth. The principle of substitution that exist in the neo-classical economics is a continuation of classical economics since it is applied in almost every field of economic enquiry. The meaning of labor remains the same both in the classical and the neoclassical school of thought. However, the outcomes gain ed due to the human business which is based on combination of land and labor are meant to include land now. In the contemporary neoclassical economics, land as a factor of production has been eliminated from the equation altogether but demand and supply has taken its place.Advertising We will write a custom essay sample on Continuity/Discontinuity of History of Economics specifically for you for only $16.05 $11/page Learn More However, there are sufficient grounds to revisit the use of the terms rent and land as they were in the classical economics of the 19th century. Rent refers to the additional output produced by the collective enterprise that has the potential to provide the required revenue to support public services, if it were to be collected in the form of taxes. Shifting taxes from taxes and labor to land markets would be more efficient and would be less painful to the tax payers. Economic rent is the excess output created by the society and it ro tates in the market until the time when it finally rests on land sites. This has the effect of raising land prices. Economic rent is a consequence of the societys collective action rather than the individual enterprise of the title holder. The classical economists had a more favorable view of land value taxation. Smith (230) wrote about ordinary land rent in addition to ground rents. These represent revenue sources that can best bear taxes if they are imposed on them. It is possible to argue that the failure to tax all elements of economic rent has destructive impacts. According to the classical economists, rent collection should be the sum of interest and inflation at the bare minimum. If this does not happen, then the public has the incentive to speculate in a way that will disrupt urban settings more than they constitute in equity. Conclusion In volume one of capital, Marx (56) formulates an influential image of the working day in an attempt to explain the link between reproducti on and exploitation in the capitalist economy. He develops a conceptual framework that explains the link between reproduction and exploitation under the capitalist system. He considers the entire social labor time as the single work day of an average worker, viewed from three different standpoints; the profitability accruing to the capitalist viewed in terms of the division of the value added between profits and wages, reproduction standpoint in terms of the necessary and surplus labor time and finally exploitation in terms of the unpaid and paid labor time. Heilbroner, Robert. The worldly Philosophers. 7 edn. New York: Touchstone. 1997. Print.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Marx, Karl. Capital, Volumes I, II, II. New York, NY: Random House. 1976. Print. Principles of Economics. Principles of Economics. Ed. Alfred Marshall. 8th ed. London: Macmillan and Co., Ltd., 1920. Library of Economics and Liberty. Web. Smith, Adam. An Inquiry into the Nature and Causes of the Wealth of Nations. New York, NY: Random House, 1937. Print.

Go Mobile

Go Mobile According to tech monitor SmallBizTrends.com, over 60 percent of online traffic now comes from mobile devices. Unbeknownst to you, your own website may - right now! - be looking like a bad bowl of alphabet soup: text indecipherably tiny, images disproportionately huge, menus misaligned and the contact form stretched out of bounds of a finger-tap. There goes your chance of that interested editor getting in touch with you for a possible commission or that writers group wishing to purchase your book in bulk for their next reading project! With more people buying smart-phones every day, you need to capitalize on this fast-growing market on the Web: ensure you can reach your mobile audience and they can reach you. The easiest way to do this is to create a mobile-optimized website. This is a version of your desktop website customized for the constraints of mobile viewing, especially the small size of the screen and vertical page alignment. While mobile websites are cost-effective and have a wide reach (anyone with a browser can access a website), they do have two constraints: They are limited in what they can do because they are browser-dependent, and features like Flash and Javascript can be tricky to incorporate. Start your website plan Other considerations will include your available budget, your intended purpose and your must-have features. Want to tout your latest award? Or are you more interested in collecting rave reviews for your debut novel? Perhaps youd like to highlight your flexible rates for ghost-writing services. There are a variety of tools, some free, to help you create a mobile-friendly version of your existing website. Google Mobile Optimizer is the most accessible, but also the least customizable. WordPress offers some plugins,  GoDaddy  has an automated system, other online plug-and-play platforms are  GetGoMobi.com  and Onswipe.com. Simply search online for How to set up a mobile website to get thousands of useful results. Do some due diligence, play around with a few options to explore and get a feel of the technology. During implementation, bear in mind the following three key points: 1. Identify . . . the context and content most relevant to your readers/editors. Remember, they are mobile users, which means they are on the move. They dont want to read pages of PDF of sample articles or

Management Techniques Research Paper Example | Topics and Well Written Essays - 1000 words

Management Techniques - Research Paper Example Without increasing employee productivity, it is impossible for a company to achieve required goals and objectives in the given time frame. According to Kimball and Nink (2006), employee productivity and engagement are imperative for the success of companies. That is the reason why managers of almost all companies give extreme importance to increase employee productivity and efficiency. Managers use effective management techniques not only to improve their productivity at the workplace but also to motivate them to do their best for the benefit of the company. Let us now discuss some of the common management techniques that managers of most of the companies use to improve overall functioning of their companies in competitive environments. Some of the most common management techniques being used by the managers all over the world include building effective workforce, growth management, incentives and bonuses, and increasing the use of technology. Let us now discuss all of these management techniques to get a better understanding of how managers use these techniques for the growth of their companies. One of the main management techniques used by most of the managers is to build an effective workforce that can help the company achieve its goals and objectives successfully. According to Mabey and Ramirez (2005), managing development greatly contributes to improved firm performance. Managers usually undergo a complete human resource recruitment process for selecting talented individuals whose job competency matches with the requirements of the jobs being offered. They create job descriptions for all of the jobs that they plan to advertise and post them in famous newspapers and magazines. Upon receiving the applications, they analyze each of those and select only those applicants who possess the required set of skills, abilities, and qualification. Once the mangers are done

Body Ritual among the Nacirema Essay Example | Topics and Well Written Essays - 500 words

Body Ritual among the Nacirema - Essay Example It has similarly attracted many anthropologists whose concern is to identify and to expose the special unique practices (Murdock, p. 506) their practices embrace the limits to which people’s behavior could explore. The name Nacirema would be reversed to mean American and in that context the majority of the outsiders actually consider them total reverse due to their strange and unique practices. In addition to that, the culture of body ritual among the Nacirema asserts that the body is quite in an ugly state and is vulnerable to diseases and infections. These are a major concern since man intends to make the body appealing, stronger and resistant to illness. And this they believe can be countered through a series of rituals and traditional ceremonies. In respect to that, every household owns a shrine indoors for these purposes. The amount of the shrines owned by a household would, therefore be dependent on their social status and economic depth. For instance, the opulence of a family is based on the number of ritual shrines that they posses. Most houses of the Nacirema group of individuals are made of daub and wattle. However, the shrines are built with strong magnificent stones an illustration of the special attachments and considerations of the shrines.this may seem so public but the rituals of every family secret to its members. Among the many daily body rituals performed include the mouth rite. It entails an insertion of a smaller hog of hair pieces into the mouth accompanied with a powder that is magical and ultimately running the bundle in precious formalized routines of gestures. Another mouth rite, though done once or two times a year, is the private mouth rite. The procedure looks scarier and is a visual torture to most anthropologists who dare to unveil the practice. It involves more paraphernalia that consists of probes, augers

Economic Issues in Mineral Based Economies

Economic Issues in Mineral Based Economies Why do Mineral-Based Developing Economies Face Economic Problems? The Case Study of Nigeria and Botswana 1. Introduction. Mineral-based economies have been defined as â€Å"those developing countries which generate at least 8 percent of their GDP and 40 percent of their export earnings from the mineral sector†. (Auty, 1993: p. 3). Two main categories of mineral-based economies have been identified. These include hydrocarbon producers and hard mineral exporters (producers of ores such as copper and tin). (Auty, 1993). Although one may reasonably expect developing mineral-based economies to witness tremendous economic development owing to their rich mineral resources, this has hardly been the case. According to Davis (1995: p. 1766) â€Å"mineral-based economies rather have development problems than development advantages†. In addition, Davis (1998) notes that economists and political scientists have recently proposed that mineral economies’ growth is below par, despite the mineral windfalls (rents) generated from mineral extraction. The mineral sector has even been classified as a ‘loser’ sector in the economic development race. (Shafer, 1994) cited by Davis (1998). Citing from a recent World Bank conference on mining and economic development, Davis (1995: p. 1765) states that several invited experts noted with concern the historical poor per capita economic growth of the mineral-exporting nations. In particular, participants from mineral-based developing economies were justly anxious about their fate. (Davis, 1995: p. 1765). In addition to fears of the â€Å"Dutch disease† and the â€Å"resource curse thesis† (explanations of these terms follow in subsequent sections), delegates were also concern about the appropriate policy response measures to these issues. (Davis, 1995). This paper aims at explaining why mineral-based developing economies rather face economic problems rather than economic development as one would expect. In meeting with this objective, the paper makes use of two case studies of mineral-based developing economies which include Nigeria (A hydrocarbon exporter) and Botswana (a hard mineral exporter). The rest of the paper is organized as follows: section two presents a literature review on why mineral-based economies rather face economic problems rather than economic development with particular emphasis on the Dutch Disease and the resource curse thesis; section 3 presents a discussion of the case studies making reference to their GDP growth, export revenue from mineral resources and per capita GDP; and section 4 presents some conclusions and recommendations. 2. Literature Review. Much of the literature has attributed underdevelopment of mineral-based developing economies to the Dutch disease. (Roemer, 1985) cited by Davis (1998) The Dutch disease is defined as a situation where an economy highly dependent on natural resources witnesses a decline in economic development as a result of a depletion of the natural resource or a sudden drop in the price of the resource. (Auty, 1993: p. 3). According to Davis (1995: p. 1768), the Dutch disease is a ‘morbid’ term that denotes the coexistence of booming and lagging sectors in an economy due to temporary or sustained increase in earnings. Mineral economies have been identified to generate an ideal environment for the disease given their notable minerals booming sector. (Davis, 1995). Mineral-based economies are characterized by a booming minerals sector at the expense of the manufacturing and agricultural sectors. (Davis, 1995). Ross (2003) suggests that mineral exports may cause economic volatility, inco me inequality, and crowding out of productivity growth in the manufacturing sector, which effects could increase poverty and reduce social welfare. Cordon and Neary (1982) cited in Auty (2001) explain the role of the Dutch disease on the deterioration of mineral-based economies using a three-sector model composed of a resource sector such as oil or other primary product exporting industry, a sector of tradeables, such as the manufacturing and agricultural sectors and non-tradeables. According to the model, a boom in the resource sector has three effects: a spending effect; a relative price effect and a resource movement effect. Looking at the spending effect, Auty (2001) suggests that the increased export revenues increases the demand for both tradables and non-tradables although spending on tradables fails to raise their domestic prices because prices in an open economy are determined in international markets. Consequently, any excess demand is met by imports. (Auty, 2001). Looking at the relative price effect, Auty (2001) suggests that failure to sterilize the increase in foreign exchange will result to an appreciation of the currency, which will in turn reduce the domestic prices of exports as well as those of imports competing with domestic products. In addition, a currency appreciation will lead to a reduction of the rents of the booming sector but may not be sufficient to reduce the sector’s output. (Auty, 2001). Domestic prices of non-tradables will rise with the rise in demand and these prices will neither be affected by the currency appreciation nor competitive imports. This will therefore result to an increase in the prices of non-tradables relative to the prices of tradables, as well as a reduction in exports and an increase in imports. (Auty, 2001). Macroeconomic theory suggests that the national income of a country is positively related to exports and negatively related to imports. The net increase in imports therefore leads to a reduction in the national income of the mineral-based State, which in turn hurts its economic development. Finally, as concerns the resource movement effect, Auty (2001) suggests that the movement of resources between sectors will also affect capital accumulation. Assuming a relatively labour-intensive non-tradable sector and a capital-intensive tradable sector, the movement in favour of the non-tradable sector will tend to raise wages and lower returns to capital thereby reducing capital accumulation. (Auty, 2001). In addition, assuming manufacturing is favourable to growth and that mineral resource booms cause it to decline, the mineral-based economy could experience slower long-term growth than the case would be if it had no mineral resources. (Auty, 2001). To support this view, Auty (2001) cites a number of studies that argue in favour of the fact that mineral resource booms tend to limit the growth of developing mineral based economies. For example, Matsuyama (1993It has also been sugges ted that mineral windfall facilitate irresponsible fiscal and trade policies. (e.g., Gelb, 1988; Ranis, 1991; Ranis and Mahmood, 1992) cited by Davis (1988). The issue as to why mineral-based economies remain underdeveloped is somehow controversial. (Auty, 2001). On the one hand, Mainstream economists have argued that primary commodity exports are the only way that countries in the early stages of development can generate the foreign exchange necessary to pay for essential imports and to service foreign debt. (Auty, 2001). On the other hand, Structurist economists (e.g., Presbish, 1950) cited by Auty (2001) argued that a long-run decline in prices for primary exports is an inevitable result of the increasing use of synthetics, shrinking raw material content of finished products and low elasticity of demand for raw materials. In addition Auty (2001) argues that oligopolistic markets in developed countries indicated that productivities increases there were captured in the form of higher income by workers and owners, while in the developing countries productivity gains were passed on to (northern) consumers in the form of lower prices. What the structurists economists are saying in effect is that mineral-rich developing countries because they lack the capacity to transform their raw materials into finished products often supply these products to developed or industrialized countries at very low prices. Industrialised countries in turn transform these raw materials into finished products and sell them to developing countries at very high prices, which do not match the prices for which they supplied their raw materials. By so doing mineral-rich developing countries continue to face declining levels of economic developing at the expense of developed countries. This idea is consistent with dependency theory[1]. For example, Presbish (1950) cited by Auty (2001) projected a downward trend in the terms of trade for primary products in relation to manufactured goods imported by developing countries from developed countries. In addition, Abubakar (1989: p. 19) describes Africa as a continent locked in an unequal exchange with t he developed world. Being perhaps the richest continent in the world, Africa has been transformed into undeniably the poorest continent. The following is a quote from Julius Nyerere, a prominent leader in Africa: â€Å"Every morning I listen to the B.B.C. to learn the price of the cotton and coffee with which Tanzania earns its foreign exchange. The prices of tractors and other goods we need to buy are not announced; they are fixed by the manufacturers in the Developed World, and we learn what they are when we go to buy†. (Abubakar, 1989: p. 19) quoting Julius Nyerere. 3. Case Studies of Nigeria and Botswana 3.1 Nigeria Nigeria falls in the first category of mineral-based economies identified by Auty (1993) as hydrocarbon producers. Minerals constitute 62.3% of the country’s merchandise exports and 9.6% of GDP and its mineral dependence index is 36 (the mineral dependence index is defined as the mean percentage contribution of minerals to GDP, merchandise exports, and government revenues). (Davis, 1995) citing Kuburshi (1984); United Nations (1974, 1976, 1987, 1993a, 1993c); World Bank (1993). Nigeria’s mineral dependence index of 36 indicates that it is highly dependent on minerals. This is following from Auty (1993) who considers a mineral dependence index of 20% or more to indicate mineral dependence. Nigeria was ranked 19th among developing countries that depended on minerals in 1970. This was based on the ranking of countries according to mineral dependence index in 1970. Based on 1991 rankings, Nigeria still maintained the 19th position and its minerals as a percentage of merchan dise exports had increased to 86.0 percent, minerals as a percentage of GDP stood at 7.6 percent and its mineral dependence index was 46.8 percent. (Davis, 1995). According to Eifert et al. (2002) oil represents an estimated 37 percent of GDP in Nigeria, and 63 percent of consolidated government revenues. The political economy of Nigeria has had an important role to play on how oil resources are managed in Nigeria. The public sector is the principal controller of these resources, which has fuelled the functioning of an extensive machinery of rent seeking a political patronage. (Eifert et al., 2002). Nigeria is characterised by a fragile ‘political coalition’ of diverse ethnic and religious groups with diverse interests. Eifert et al. (2002) asserts that public expenditures in Nigeria are always ratcheted out of control during oil booms, leading to macroeconomic instability owing to the diverse number of ethnic and religious interests that characterise the country. For e xample Eifert et al. (2002) suggest that an estimated amount of $300billion constituting oil revenues has enriched a small group politically and socially influential elite during the last 2 to 3 decades at the expense of the majority of Nigerians who have become impoverished. This indicates that Nigeria has failed to benefit from a general economic welfare from its oil boom because of the selfish desires of a small political influential minority. This situation is consistent with Gelb (1988); Ranis (1991); Ranis and Mahmood (1992) cited by Davis (1998) who attribute poor economic development of mineral-based developing economies to mineral windfalls’ facilitation of irresponsible fiscal and trade policies. Nigeria’s case is also consistent with Karl (1997); Mahon (1992); and Shafer (1994) cited by Davis (1998) who attribute mineral-based economies’ failure to achieve substantial economic development to the entrenched socio-political rigidity and rent-seeking ass ociated with an extended period of mineral extraction. According to Eifert et al. (2002) Nigeria’s economic growth has been stagnant and it is estimated that its per capita income has fallen from approximately $800 in the early 1980s to approximately $300 as at 2002. Nigeria’s failure to grow can be attributed to its government structure. Throughout the military regime described by Eifert et al. (2002) as a period of military dictatorship, the manner in which the oil cycle was managed was solely determined by the federal executive. Government spending was so high that in 1976 it accounted for more than the entire increase in oil revenue. (Eifert et al., 2002). Nigeria therefore faced rising fiscal and current account deficits following a failure of the 1975 oil price rise to bring the budget back into a surplus. By 1981, Nigeria had accumulated huge amounts of external debt, accompanied by capital flight. (Eifert et al., 2002). Increase government spending therefore fa iled to accelerate growth and there was little evidence of an increase in overall welfare that would have been expected during the sharp real appreciation that followed the spending binge. (Eifert et al., 2002). Eifert et al. (2002) attribute Nigeria’s failure to develop to the fact that its potential gains were rather absorbed in the sharply growing inefficiency of a corrupt and progressively more wasteful and distorted economy. Nigeria has made some efforts to adopt a democratic State but Eifert et al. (2002) conclude that the outcomes in the management of Nigeria’s oil cycle in the new democracy are thus so far not very different from the past pattern. This indicates that Political institutions in Nigeria are therefore shaped by a longer history than the current political regime. There is still an excessive an unsustainable increase in public expenditure, with considerable macroeconomic instability, and little to show in the growth and economic development. (Eifert, 2002). 3.2 Botswana. Botswana was ranked 35th in the mineral dependence index for developing countries in 1970. It had 0 percent for minerals as a percentage of merchandise exports, 19.6 percent for minerals as a percentage of GDP and 9.8 for mineral dependence index. (Davis, 1995). Following the ranking based on the minerals dependence index for developing economies in 1991, Botswana was ranked 8th with an 83.0 percent of minerals as a percentage of merchandise exports. Its minerals as a percentage of GDP had also increased to 41 percent and its mineral dependence index was 62.0. (Davis, 1995). Unlike Nigeria, Botswana falls in the second category of mineral-based economies with diamond, copper, nickel and coal constituting the principal hard minerals that it exported. (Curry, 1985). According to Curry (1985), Botswana, unlike other mineral-based economies in Africa that suffer from economic stagnation and political turmoil, Botswana has recorded an economic growth and political stability as a result of its fortuitous endowment of mineral wealth and sound macroeconomic management. Despite this development, Curry (1985) suggests that this growth strategy has produced underdevelopment and economic stagnation in rural agriculture, as well as increasing economic dependency on the republic of South Africa. Increases in mineral revenue has enriched the elite who have joined white farming families as the country’s large scale cattle owners, purchasing land and cattle from savings of relatively high salaries in the mining and public sectors. This situation has created two factions in Botswana. One rich and the other poor and there is an emerging clash between the rich and the poor that could destabilise and threaten an African success story as described by Curry (1985). In effect, mineral revenue in Botswana while it has helped to fuel economic development is threatening the growth of the agricultural sector and has also helped to widen the gap between the rich and the poor. Botswa na’s case is consistent with the Dutch disease which is consistent with the idea that a boom in one sector threatens a recession of other important sectors of the economy. The boom in the mineral sector has helped to fuel a recession in the agricultural sector in Botswana. 4. Conclusions and Recommendations This paper aimed at studying why mineral-based developing economies have witnessed more of economic problems than economic development. Nigeria’s case indicates that the country has suffered from autocratic and fractional democracies that have resulted to a poor management of the revenues from oil booms. As a consequence, mineral revenue has been spent without any fiscal discipline. This has led to the satisfaction of the desires of an influential minority at the expense of the welfare of the greater majority. Nigeria has basically not witnessed any economic development throughout boom in its oil sector. On its part, Botswana has witnessed growth and development as a result of its mineral resources. However, the boom in the mineral sector is hurting the agricultural sector and the situation has only benefited the rich who are using the mineral revenue to take over all land in Botswana for cattle rearing. Like Nigeria, Botswana’s mineral revenue has to some extent benefi t an influential minority. Based on the above, this paper recommends a more democratic regimes in mineral-based economies as well as an emphasis of the importance of all sectors in the economy. Governments in developing countries need to understand the importance of the manufacturing industry. Nigeria for example should be more concern about building its own oil refineries so as to boost its manufacturing industries. In Botswana, the government should implement high taxes on the rich elite so as to help redistribute the mineral income to the poor. Subsidies should be provided to the poor farmers. By so doing, there can be an equitable distribution of land, which will in turn boost the agricultural sector. Bibliography Abubakar A. (1989). Africa and the Challenge of Development: Acquiescence and Dependency Versus Freedom and Development. Praeger Publishers. New York. Auty R. M. (2001). Sustaining Development in Mineral Economies: The Resource Curse Thesis. Routledge. Auty R. M. (2001). The Underperformance of resource-abundant economies. Resource Abundance and Economic Development. Edited by R.M Auty. UNU/WIDER studies in Development Economics. Oxford. Curry R. L (1985). Mineral-based growth and development-generated socioeconomic problems in Botswana: Rural Inequality, Water scarcity, food insecurity, and foreign dependence challenge governing class. American Journal of Economics and Sociology, vol. 44, No. 3, pp. 319-336. Davis G. A. (1998). The minerals sector, sectoral analysis, and economic development. Resource Policy, vol. 24, No. 4, pp 217-228. Davis G. A. (1995). Learning to Love the Dutch Disease: Evidence from the Mineral Economies. World Development, vol. 23, No. 10, pp. 1765-1779. Eifert B., Gelb A., Tallroth N. B. (2002). The Political Economy of Fiscal Policy and Economic Management in Oil-Exporting Countries. Policy Research Working Paper, No. 2899. The World Bank, Africa Regional Office. Lievesley G. (2003).DependencyThe Concise Oxford Dictionary of Politics. Ed. Iain McLean and Alistair McMillan. Oxford University Press, Oxford Reference Online. Tà ©treaul M. A., Abel C. F. (1986). Dependency Theory And The Return Of High Politics. Greenwood Press. New York. Footnotes [1] Dependency theory built upon the United Nations Economic Commission for Latin America (ECLA) which characterized the world as divided into centre (the developed, inudstrialised North) and periphery (the underdeveloped agricultural South). (Tà ©treaul and Abel, 1986; Lievesley, 2003). Dependency theory tries to explain the external mechanisms of control exerted by the centre on the periphery. The centre maintained the periphery in a state of underdevelopment for purposes of super exploitation. (Tà ©treaul and Abel, 1986; Lievesley, 2003). Dependency theory therefore indicates that underdevelopment was not an original or inherent condition, it could rather be explained by the historical relationship between the developed and developing world.

Business Organisational Behaviour Essay

Demonstrate the influence of environmental and behavioural factors on corporate size, structure and strategy. (b) Understand the processes of business planning and policy making and the reason for change over time. Percentage of marks awarded for module: This assignment is worth 50% of the total marks for the module Assessment criteria   Explanatory comments on the assessment criteria   Maximum marks for each section   Content, style, relevance, originality   Clear demonstration of rigorous research from recognised authoritative sources. Audience focus. 50%  Format, referencing, bibliography   HarvardÃ'Ž Assignment Task As a retail consultant you have been commissioned by a high street outlet, of your own choice, to prepare a strategy that will help them to compete for many years to come in a rapidly changing environment. The strategy will include methods of recognising how external changes impact upon the firm and the various techniques that may be used in the implementation of change. Consideration must also be given to the structure and size of the firm and how it presents itself to it’s stackholders.

The Great Gatsby By F. Scott Fitzgerald - 1123 Words

The Great Gatsby In the great gatsby the american dream is based on someone starting low in the social or economic schedule and working their way up to greatness by hard work. Being able to own a nice car, nice clothes, nice house, is the definition of the american dream. It doesn t matter what your race is or how you look like you can still accomplish your goals and become successful in life. The american dream also signifies someone that is self motivated and that is willing to work very hard to live a good life. The great gatsby is a book that shows what occurred with the American dream in 1920’s which was a time when the american dream was corrupted. The american dream in the great gatsby did not only corrupt but it led to†¦show more content†¦I knew right away I made a mistake. He borrowed somebody s best suit to get married in, and never told me about it, and the man came after it one say when he was out†¦Ã¢â‚¬ (pg.37). This shows how Myrtle cares about nothing but what sh e sees in front of her all she cares about is materialistic things. She looks at Tom in a different way because Tom is a guy that can buy his own suits when he needs them and not borrow it like George did. She considers Tom as the definition of the American dream. Daisy is a character that cared about her happiness i life once she figured out that she had married the wrong guy her outlook on life changed. Daisy earlier in the book finds out that Tom has been cheating on her with another women which is Myrtle Jordan says, â€Å"She might have the decency not to telephone him at dinner time. Don t you think?†(pg.20). Jordan says that Tom got a call from another women that suggests that he is cheating on Daisy. As you see throughout the novel that Daisy and Tom seem to not have the best relationship with each other, he seems to be abusive towards her. Daisy believes that she has it all, she believes that she has accomplished the American dream. Then she realises that she really has nothing in her life and that she has been corrupted by the dream. She has a child but is never around her and never gets to see her which shows how Daisy doesn t care about her current relationship. When the baby was born daisy says,†I m