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Governments role in the economy
Mercantilism on the economic spectrum
Importance of mercantilism in the economy
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Recommended: Governments role in the economy
Asian Financial Institutions and Markets
The Asian financial markets can be compared to the economic philosophy of mercantilism, which is regulated commerce to produce a favorable balance of trade. Governments regulate production techniques to ensure the quality of exports, and in general, subsidize production in their exporting industries. Tariffs can be high on imported manufactured goods and low on imported raw materials. The state exercises much control over economic life in these environments, chiefly through corporations and trading companies. Production is carefully regulated with the object of securing goods of high quality at a low cost, thus enabling the nation to hold its place and wealth in foreign markets.
Asian countries have practiced mercantilism and protectionism under the guise of complex wholesale and retail marketing systems (Baker 13). The economic performance of the four Asian economies – Hong Kong, Korea, Singapore, and Taiwan can be attributed to some of these practices. There is a significant degree of overlap between the government and the markets, suggesting that a broad-based approach is useful in understanding the nature of the Asian economy (Chowdhury 42). The government can control and regulate the financial system in order to finance development activities. The government acts as an internal capital market funding business sectors and industries.
From a historical perspective, Korea was one of the poorest countries in world after experiencing two wars, World War II and Korean War. Food shortages that led them to heavily rely on the foreign aid, and to a yearly per capita income below the poverty level, this country is considered a successful newly industrializing economy. Korea has been transformed from its underdeveloped agricultural economy to a leading newly industrializing country. Countries that can be described as newly industrialized are more dynamic with a production structure corresponding to shifts in international division of labor, and where manufacturing plays an important role (Chowdhury 2).
There have been many explanations for Korea’s successful story. Among those, the strong role of government would be probably the most important one. At the same time, this would be also responsible for current recession. After Koran war, the government in fact had no sense of direction a...
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...cumulation. Controlling exchange rate is another good example to describe the effect of government’s role on Korean economic development.
Economic growth in this period was result by an increase in export and output and as well as price level. With this historical review of one of the Asian countries and their development it is imporant to understand how the financial institutions involved operate.
even though they were blamed as a major cause of Asian financial crisis happened in Korea brining the country to the brink of insolvency, as well as weak banking system, in fact, they could be victims of misleading government policy. The long term close relationship between government and big business creating rent and using them with unbalanced support between industries had worked well in the early stage of development, but as stated early, rent can bring corruption of bureaucracy or industries also, since it is caused by inefficiency. Allocation of financial resources is not an easy job, but this would be best time for Korea to consider again about the efficiency of closed relationship between the government and businesses while the country is restructuring its economy system.
Mercantilism -- an economic theory that holds the prosperity of a nation dependable upon its supply of capital, and that the global volume of trade is "unchangeable." Economic assets, or capital, are represented by bullion (gold, silver, and trade value) held by the state, which is best increased through a positive balance of trade with other nations (exports minus imports). Mercantilism suggests that the ruling government should advance these goals by playing a protectionist role in the economy, by encouraging exports and discouraging imports, especially through the use of tariffs. The economic policy based upon these ideas is often called the mercantile system.
The Tuskegee Airmen shattered racial stereotypes by encouraging African American men to advance in society through the build up of the United Negro College fund. The UNCF is an organization for African Americans that give them scholarships and financial support for colleges and private schools. African Americans were in need for schools and good education. Dr. Patterson, from the UNCF, wrote to presidents of private colleges asking for their money to help build private schools for African Americans. The United Negro College fund received support from many Americans. This fund gave opportunities to individuals and higher levels of education (Tucker). The United Negro College fund helped the Tuskegee Airmen break racial stereotypes because it proved to others that their education was important and they had the ability to earn one. The UNCF gave scholarships to African Americans to continue their education and earn chances that some Tuskegee Airmen never received. This organization showed the importance education for African American men and it allowed them to go to private colleges and schools, which lowered racial stereotypes. The UNCF gained help from many supporters, who believed African Americans deserved a higher education. Both presidents of the US and colleges looked for a plan to
Susan Glaspell's Trifles explores the classical male stereotype of women by declaring that women frequently worry about matters of little, or no importance. This stereotype makes the assumption that only males are concerned with important issues, issues that females would never discuss or confront. The characters spend the entirety of the play searching for clues to solve a murder case. Ironically, the female characters, Mrs. Peters and Mrs. Hale, uncover crucial evidence and solve the murder case, not the male characters. The men in the play, the Sheriff, County Attorney, and Hale, search the scene of the crime for evidence on their own, and mock the women's discussions. The women's interest in the quilt, broken bird cage door, and dead canary, all of which are assumed to be unimportant or trifling objects, is what consequentially leads to their solving of the crime. The women are able to discover who the killer is by paying attention to detail, and prove that the items which the men consider insignificant are important after all.
From the play “Trifles” written by Susan Glaspell I’ll be explaining the role of the women characters and how they were portrayed in the story. The play describes setting with homicide, mystery and dishonesty among its characters. It's a play that bases on stereotypes in relationships and attitudes between men and woman at this time in our history. The male characters play the powerful leader being for example, the sheriff, deputy and the attorney where the female characters Mrs. Peter and Mrs. Hale in a kind of seen but not heard role. Who were sent out to learn more about the details of the murder of Mr. Wright, who was found hanged in his bed.
Since the first influx of Asian immigrants to the United States, Asian Americans were never treated as an integral part of the American population. Accounting for five percent of the US demographic, often times, they are still portrayed by provincial people as outsiders who do not belong in society. Over the years, this negative mentality has transformed into the way Asian Americans are viewed in media. Though there are many attempts of reversing the trend such as diversifying the cast members, stereotypical personalities such as “the human calculator” or “undesirable partner” are still utilized for writers to infuse racial slurs into comedy skits. However, in reality especially now that many Asian Americans are second generation, none of these stereotypes pertains to all them. As a result, directors and script writers have an ethical responsibility to best portray Asian Americans as human beings who can function normally without putting negative stereotypes as the primary focus of Asian characters’ personas.
The book I chose for this book review assignment is titled Korea Old and New: A History by author Carter J. Eckert along with other contributing authors Ki-baik Lee, Young Ick Lew, Michael Robinson and Edward W. Wagner. The book is published at Korea Institute, Harvard University in 1990. The book consists of 418 pages and it is more of a survey of Korean history and reference type of book, rather than selected readings on modern Korean politics. I chose this book because it is a complete survey of Korean history from the ancient Choson period up to the economic boom of the 1990's, a span of over 2000 years. Each chapter covers a different period, but they all share the same organization of describing the social, cultural, political, philosophical and scholarly aspects of the period in respective subsections. This made it easier to later refer to previous chapters and compare different periods in order to learn the comprehensive history of Korea.
From the beginning the women of “Trifles” by Susan Glaspell do not seem to have a significant role in the play. These women appear to just be along for the ride while their husbands do the dirty work of searching through the crime scene. In the end even though they serve as secondary characters to their husbands, Mrs. Hale and Mrs. Peters play a large role in portraying the theme of this play, and without them the plot would not have been conducted nearly the same way to get the message out to the audience.
Susan Glaspell’s most memorable one-act play, Trifles (1916) was based on murder trial case that happened in the 1900’s. Glaspell worked as a reporter, where she appointed a report of a murder case. It was about a farmer, John Hossack who was killed while he was asleep in bed one night. His wife claimed that she was asleep next to him when the attack occurred. No one believed in her statement, she was arrested and was charged on first degree murder.
“Trifles” by Susan Glaspell is a literary breakthrough. Thought by many to be the first piece of modern work advocating women 's rights, this play made a splash into the male dominated era of the early nineteenth century. Set on a farm after the murder of Mr. Wright, three male characters assign themselves with the position of investigators, while their two wives serve as mere gatherers for the convicted felon Mrs. Wright. Mrs. Peters, one of the women, deliberately challenges society 's social norms. With the surrounding males confining her to only domestic functions, Mrs. Peter not only questions yet takes on his male dominated role, providing justice for a fellow female. By leaving the theme of justice in the hands of Mrs. Peters, Glaspell
In realising that foreign investments are the key source of the nation’s economic rise, the Chinese government has given special preferences to foreign investors (Financial Express, 2006). This is mostly done through reduction of most favoured nation (MFN) tariff rate. In India, on the other hand, fair competition exists between domestic and foreign investors. Although the Indian government states that it aims to reduce its MFN tariff rate, which currently doubles the rate in China, to other ASEAN country levels, it is in reality a big challenge because a large portion of the nation’s tax revenue comes from customs tariffs (Henley, 2004).
Susan Glaspell highlights the settings as theatrical metaphors for male dominated society in the early 20th century. “Trifles” begins with an investigation into the murder of Mr. Wright. The crime scene is taken at his farmhouse where clues are found that reveals Minnie Wright to be a suspect of murder. In the beginning of the play, it clearly embodies the problems of subordination of women. For example, there are two main characters in this play—Mrs. Peters and Mrs. Hale, who are brought along with the sheriff and attorney to find evidence for Mr. Wright’s murder. The men gather and work together at the stove and they talk with each other in familiarity while women “stand close together near the door behind men” (Glaspell 444). Perhaps the location of the women standing behind the men near the door reflects also their secondary or inferior social standing in the eyes of the men. Moreover, it seems that the wo...
Susan Glaspell's play, "Trifles", attempts to define one of the main behavioral differences between man and woman. For most of the story, the two genders are not only geographically separated, but also separated in thought processes and motive, so that the reader might readily make comparisons between the two genders. Glaspell not only verbally acknowledges this behavioral difference in the play, but also demonstrates it through the characters' actions and the turns of the plot. The timid and overlooked women who appear in the beginning of the play eventually become the delicate detectives who, discounted by the men, discover all of the clues that display a female to be the disillusioned murderer of her (not so dearly) departed husband. Meanwhile, the men in the play not only arrogantly overlook the "trifling" clues that the women find that point to the murderer, but also underestimate the murderer herself. "These were trifles to the men but in reality they told the story and only the women could see that (Erin Williams)". The women seem to be the insightful unsung heroes while the men remain outwardly in charge, but sadly ignorant.
"Trifles," a one-act play written by Susan Glaspell, is a cleverly written story about a murder and more importantly, it effectively describes the treatment of women during the early 1900s. In the opening scene, we learn a great deal of information about the people of the play and of their opinions. We know that there are five main characters, three men and two women. The weather outside is frighteningly cold, and yet the men enter the warm farmhouse first. The women stand together away from the men, which immediately puts the men against the women. Mrs. Hale?s and Mrs. Peters?s treatment from the men in the play is reflective of the beliefs of that time. These women, aware of the powerless slot that has been made for them, manage to use their power in a way that gives them an edge. This power enables them to succeed in protecting Minnie, the accused. "Trifles" not only tells a story, it shows the demeaning view the men have for the women, the women?s reaction to man?s prejudice, and the women?s defiance of their powerless position.
This country is of particular interest as it is one of the four Asian Tiger economies, whose rapid industrialisation and growth between the early 1960’s and 1990’s caused it to emerge as one of the most dynamic and fast-changing countries in Asia and the world. Much like Japan, its economic development was marked by heavy investments in foreign technology and imitation through reverse-engineering. By limiting FDI, South Korea maintained control over its industrial base and encouraged investments in R&D.
During the twentieth century, the world began to develop the idea of economic trade. Beginning in the 1960’s, the four Asian Tigers, Hong Kong, Singapore, South Korea and Taiwan, demonstrated that a global economy, which was fueled by an import and export system with other countries, allowed the economy of the home country itself to flourish. Th...