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BUSINESS & ACCOUNTING PERRY:LOUIE
Comparative economies
1. The United Kingdom is made of England, Wales, Scotland and Northern Ireland. It is situated in north-western Europe and is currently run by a coalition government consisting of the Conservative and Liberal Democrat parties. The United Kingdom economy is one of the most widely studied economies and is the sixth largest in the world and the third largest in Europe when measured by Gross Domestic Product (GDP). However when measured by purchasing power parity (PPP) is the eighth largest in the world. Vietnam is situated in South-East Asia and is the 12th most populous country in the world. It is a one-party system which is Communist and the Prime Minister is head of the government. Vietnam’s economy is run very differently in comparison to the United Kingdom’s economy. It is ranked 56th in the world by Gross Domestic Product. It is currently developing a planned and market economy.
2. The United Kingdom operates a mixed economy in which both the state and private sector direct the economies, bringing forward ideas if both market and fixed economies. The United Kingdom focuses mainly on the service sector of the economy and this how they maintain their GPD growth and national income. There are many key areas of the service sector which the economy focuses on. For example: Education, transport, tourism, retail and financial services.
Vietnam’s economy is a former centrally planned economy and is now a developing planned economy and market economy. As opposed to the United Kingdom’s economy, Vietnam's economy generally focuses on the primary sector and specialises mainly in agriculture. Vietnam has become a leading agricultural exporter and relies heavily on foreign investment...
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...between the conservatives and liberal democrats
- The UK government is currently stable
- The UK currently concentrates on monetary policy rather than fiscal policy
- Being part of organisations such as the EU makes trading easier
- Mixed economy, focusing on the service sector
- Out of recession, stable economy
- 0.8% GDP growth in 2013
- Inflation rate stands at 2.7%
- Healthy life expectance at birth: Males: 63.5 years - Females: 65.7 years, this is an improvement
- Overall life expectancy stood at 80.75 years in 2011
- Unemployment rate has dropped and stands at 7.7%
- Technological advancements in recent years have had a negative effect
- Advancements have made trade with other nations easier
- Improved manufacturing
- Climate change has affected productivity
- Damaged property has also lead to a negative effect on the economy
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BUSINESS & ACCOUNTING PERRY:LOUIE
Vietnam has a very rich and cultural diverse background dating all the way back to 1066 when William the Conqueror invaded and paved the way for English colonization. The French had been colonizing since the 19th century. The French role in Vietnams history is critical; they started out by bringing these simple peasants to the latest technology of farming and hunting (Yancey 37). The French helped these people out greatly in the beginning, but like all stories of occupation go they just got worse. They started forcing rules and laws on the people of Vietnam. Thus started the First Vietnam War, also known as the Indochina War between France and Vietnam. "The French possessed military superiority, but the Vietnamese had already the hearts and minds of the country. (38). Even from the beginning the Vietnamese had the odds to there favor. The French looked at the wars in numbers and how many lost on each side. They gathered from all the battles that they were winning because the Vietnamese casualties far outweighed the French; nonetheless they were wrong. To a certain point the French were fighting a game that they could not win at any cost. The French had the military superiority but the Vietnamese had the manpower and the Guerilla tactics. The Indochina War ended with French loosing terrible at Dienbienphu, where a whole French garrison was wiped out.
Scotland’s economy is mixed market, which is where production is shared between both the private and public sector. The private sector is the part of the economy that is not controlled by the government, and is instead run by individuals and companies for profit. It consists of the businesses that are for profit, and are not owned / operated by the government whereas the public sector is the part of the economy that is controlled by the government, such as the police, primary education, public transit, healthcare etc, as well as services that benefit all of society, such as public education.
...of exercise. These factors all contribute to the young life expectancy of about 49 years (World Health Organization, 2001).
From 13th century to 20th century, Vietnam went through Trần Dynasty, Hồ Dynasty, Chinese domination, Later Lê Dynasty, Tây Sơn Dynasty, Nguyễn Dynasty, French “New Imperialism” and finally the Republic. The basic nature of Vietnam society did not change much during the time between independence from China in the 10th century and the colonization of French in the 19th century. The king had the highest authority in society. Absolute monarchy, agriculture economy and Chinese Confucian philosophy was the foundation of Vietnamese society.
The United Kingdom Consists of Northern Ireland, Scotland, England, and Wales and the capital is London. It is culturally diverse and struggles with the same issues as the United States does with multiculturalism. The United Kingdom functions as a Parliament system and their healthcare system is supported by central taxation, and some funding by private grants and charities. Whereas, the United States health system structure is complex and funds are based on employers, private payers, foundations and charities. Medicare and Medicaid are funded by taxes.
Being a communist country, the government controls all fascists of the economy. Civilians have no control of their economic state because free trade is illegal. The most common job for the vietnamese people is in the agricultural sector. They have many valuable exports that include: oil, rice, marine products, coffee, rubber, and tea. Many problems caused major setbacks on economic growth. Foreign domination had direct negative effects on progressive infrastructure, and spending capital on wars rather than economic development. The Encyclopedia of Modern Asia states “The economic development of Vietnam suffers from three serious impediments. During the time they controlled Vietnam, the French developed only those economic sectors that brought profit to the French themselves; long wars have marred recent history; and a decade of unfortunate postwar socialist experimentation with a centralized economy has left deep scars” (Lam 62). With the combination of foreign domination and communist ruling, Vietnams economic state has been poor throughout their history. In The Sorrow of War, Kien grew up with poor financial conditions. When he returns to his home, the condition of his stepfathers house explains his feeling towards living in poverty. “The house was old and greyish, surrounded by a sad, unkempt winter garden which itself was ringed by wispy eucalyptus that rustled in the light breeze. The
To begin with, individuals in the United States are now living past the age of sixty-five. The average life expectancy of individuals born today in the United States is 78.7 years. This is only made possible because of the improvements in medicine, nutrition, exercise, and lifestyle. Studies show that women can live longer than men. Social factors play a role in why women and men have a gap of life expectancy. These social factors are health attitudes, habits, lifestyles, and occupation. Men are more likely than women to die from most of the leading causes of death in the United States. The causes of death are associated with lifestyle.
In addition, Vietnam had and still has a Communist government and a socialist economic model. However, the Vietnamese are trying to move more towards a free market system. Meaning that the Vietnamese want a market economy where the forces of supply and demand are not controlled by the government, nor any other authority. Moreover, every members of the government are elected by Vietnam’s National Assembly. Additionally, Vietnam is one of the fastest growing financial country in the world with, according to bbc.com, a nominal GDP that reached about $170 billions. Also, Vietnam became one of the highest leading agri...
As American society has evolved in the past 100 years and technology has increased and improved, so has the life expectancy for individuals. Currently, females can expect to live for 81 years on average, while males can expect to live for 75 years, giving an average life expectancy of 78.3 years (Santrock, 2013, p.536). According to Santrock (2013), “since 1900, improvements in medicine, nutrition, exercise, and lifestyle have increased our life expectancy an average of 30 additional years,” but another important factor is the decreasing infant mortality, allowing a larger population of people, including older adults (p.536). Making good choices in diet, regular exercise, avoiding drugs and alcohol, along with getting enough sleep and maintaining a low and healthy stress level can all increase life expectancy. Relationships, emotional well-being, and having purpose all also play an important role in determining how long an individual will live. As people are living longer, more ...
Lao society is rural and subsistence agriculture accounts for half of the GDP and provides 80% of employment. Rice is the primary crop, grown on about 80% of Laos’ arable land. Laos received development aid from the International Monetary Fund, Asia Development Bank and other international sources. Agricultural production and most manufacturing production are mostly conducted by the private se...
ECONOMY: Economy as the first pillar mainly concerns with the allocation of scarce resources for optimum development. It involves the combination of available resources in their right proportions for the provision of goods and services. It is the careful use of resources and it involves the best combination of resources for optimum result. In public administration it is expected that quality public service be provided at the least possible cost. Public officials therefore must figure out how to provide services required by the people at the lowest cost through cost saving mechanisms while still maintaining quality. The employment of economics in the public sector ensures that resource usage is optimized and not wasted as usually happens in the public sector. Another dimension is to look at economy in terms of the deployment of resources in order to achieve the optimal benefit from them.
The SWOT analysis is a useful tool for identifying our personal strengths, weaknesses, opportunities, and threats to our plans and goals. According to a “Fuel My Motivation” article (2010), this analysis considers internal influences that can positively or negatively affect our ability to achieve our goals. The internal factors are our strengths and weaknesses. Also considered are opportunities and threats, which are external influences that can have a positive or negative impact on the ability to achieve our goals. I will share how the self-assessment instruments and self-exercises in this course have contributed to assessing and understanding my strengths and weaknesses. I will also discuss techniques I will use to leverage my strengths and understand my weaknesses. In addition, I will consider opportunities that I can take advantage of and the threats that can possibly impede my progress.
United Kingdom of Great Britain and Northern Ireland (London: 2005). pp. 51, 71-72. Accessed May 3, 2014. http://www.jhud.co.uk/huddleston/uk2005_tcm77-248610.pdf.
Technology in terms of medicine has also increased the life expectancy of the average person. With new technological advancements in surgeries, medicines and treatments the average life expectancy is still on the increase. A recent study shows that the average life span for 2004 of a United States Citizen is 77.4 years old. This has increased significantly from 1900 where the average lifespan for a male was 48.2 and for the female 51.5. Thanks to technology we can now live longer.
The UK is a country that is technically an island. It is located on the most western side of Europe. Their chief of state is the Queen and the prime minister is the head of the government. The United Kingdom has one of the most advanced open market economies where a free price system is used to determine prices of all goods and services associated with them. They are also part of the EU or European Union and has the strongest money rate of all countries. Where a single Pound can go for as much as R16. (Introducing the United Kingdom)