European Economic and Monetary Union
The Economic and Monetary Union (EMU) is a single currency area within the European Union in which people, goods, services and capital move without restriction (Europa Quest (1), 2001). Imperative to the success of the EMU is the implementation of a single European currency, the Euro, and the application of specific macro-economic policies by the EMU member states (Harris, 1999: 78). Moreover, it is the foreseeable intent of European governments to create a framework for stability, peace and prosperity through the promotion of structural change and regional development (JP Morgan, 2001). This essay will endeavor to highlight the fundamental gains likely to be accrued by the European business community as a result of EMU policy provisions. The developments and circumstances preceding the EMU formation will be examined to give insight into the functioning of a monetary union. Furthermore, it is essential to analyze the implications the EMU has for firms within both ‘Euroland’ and other European nations.
To establish a strong understanding of the intricacies of the EMU, it is essential to discuss both the antecedents and major developments in this monetary union. The origins of the EMU can be traced to the formation of the European Coal and Steel community (ECSC) in the early 1950s, which was the first attempt to harness European economic unity to achieve greater international competitiveness (Per Jacobson, 1999) (Duisenberg, 1998). The success of this venture prompted the foreign ministers of six ECSC nations to examine the possibility of further economic integration (Chulalongkorn University, 1999). Hence, in 1957 one the most significant agreements in European economics history, The Treaty of Rome, was signed. The Treaty of Rome’s fundamental goal was to provide for the creation of a common market (Kenwood & Lougheed, 1999:280). The most significant aspect of this treaty was the commitment made by such countries as Belgium, France, West Germany, the Netherlands, Italy and Luxembourg to facilitate the free movement of goods, services and factors of production. Essentially, these European governments sought to eliminate internal trade barriers, create common external tariffs and harmonies member states laws and regulations (Hill, 2001: 233). This movement towards a common European market continued with relative success ...
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The European Union has been helped economically ever since World War II. Right after World War II’s end, Europe was struggling to hold on. The countries of the modern-day European Union thought it would be a good idea to come together and help each others struggling economy. To this day, this decision has had a very positive outcome on the EU’s economy. As shown in Diagram 1, the European Union combined together has the world’s highest GDP at 18.3 Trillion USD as compared to the United States’ 17.4 Trillion USD GDP and China’s 10.4 Trillion USD GDP. The idea
Aggressive driving involves failing to yield right of way, making improper and unsafe lane changes, passing on the shoulder, ignoring traffic lights, following too closely (tailgating) and speeding.
Aggressive driving and road rage are technically two different things. Aggressive drivers operate their vehicles in such a way as to endanger themselves and others on the road. This driving includes tailgating, speeding, weaving in and out of traffic lanes, and cutting other vehicles off. The reason for their actions do not revolve around intimidating or threatening someone else on the road.
...ansion of radio, film, the automobile, and advertising were some of the incredible changes that transformed America’s economy and the way of life for its citizens, making many of them very materialistic. This was reflected in the economy of the time, which was booming throughout the decade. The mass consumerism was most reflected the in the expansion of the automobile industry, which saw cars become practical necessities after being basically obsolete up until about 10 years prior. Political and social changes also altered the very culture of America, especially the issues of women’s rights and prohibition. The literature of this period also greatly reflected the consumerist nature of America, in works like the Great Gatsby. All of these things helped contribute to the strikingly different America during the roaring twenties that has changed global society forever.
Cholera is a water-borne disease caused by the spreading of toxins throughout the intestines by the Vibrio Cholerae bacterium. Bad hygiene and other unsanitary conditions such as contamination of food and water can result in this unpleasant infection. As stated in the Gale Encyclopedia of Medicine, “contamination starts when a person infected with cholera steps into a community water supply.” Cholera is more common in places with poor cleanliness and insufficient water treatment. These locations include environments consisting of brackish rivers and coastal waters such as an underdeveloped country like Africa. Cholera can affect anyone but is usually targeted at younger ch...
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Thesis Statement: Road rage statistics compiled from the NHTSA and the Auto Vantage auto club, show that aggressive driving and road rage are causing serious problems.
Cholera is an acute diarrheal disease caused by infection of the intestine with the bacterium Vibrio cholera (n.d.). Retrieved from http://www.cdc.gov/cholera/general/). Number of researches has been conducted and it has concluded that thousands of people are infected around the world. For more than two centuries, cholera has evaded some of the top scientist and still remains a threat to the world populations. A major cholera epidemic began in India in 1817, from India the disease spread to Russia, appearing at rapid speed and crossing all across the continent. Cholera is believed to originate in 1817 at the Ganges River in India and then later spread to other areas and regions due to poor removal of water mainly from British ships.
Some would say that speed limits are not adequate, or certain laws should be changed. Reports have shown that the majority of Americans have no problem with speed limits or the laws; new drivers are not helping either. There are key things that are liable for joining or causing road rage. For example; loud music, honking the horn, tailgating, and changing lanes without signaling all have been known to increase tension while driving. The actual causes can be traced back to different forms of stress. Such as being called into the boss' office for discussion of work performance, making bad grades in school, or having just been dumped by your girlfriend/boyfriend. Road rage is a result of an outburst of all the stress in ones life. Cars are a status symbol in our time. Nice cars give others the impression that the driver has money. Fast or flashy cars give an impression
The "Mending Wall", by Robert Frost is about two farmers whose properties coincide with one another. Every Spring they meet at the boundary of their land to restore the stone wall that divides their two properties. Solely by what they sow you can tell how truly different these two graphic symbols are from one another. Despite the perpetual acts of nature to destroy the barriers created on land by man, it is in fact the fixing of these barriers that makes them so alike and yet so very different.
The National Highway Traffic Safety Administration (NHTSA) defines aggressive driving as "the operation of a motor vehicle in a manner that endangers or is likely to endanger persons or property"—a traffic and not a criminal offense like road rage. Examples include speeding or driving too fast for conditions, improper lane changing, tailgating and improper passing. Approximately 6,800,000 crashes occur in the United States each year; a substantial number are estimated to be caused by aggressive driving. 1997 statistics compiled by NHTSA and the American Automobile Association show that almost 13,000 people have been injured or killed since 1990 in crashes caused by aggressive driving. According to a NHTSA survey, more than 60 percent of drivers consider unsafe driving by others, including speeding, a major personal threat to themselves and their families. About 30 percent of respondents said they felt their safety was threatened in the last month, while 67 percent felt this threat during the last year. Weaving, tailgating, distracted drivers, and unsafe lane changes were some of the unsafe behaviors identified. Aggressive drivers are more likely to drink and drive or drive unbelted. Aggressive driving can easily escalate into an incident of road rage. Motorists in all 50 states have killed or injured other motorists for seemingly trivial reasons. Motorists should keep their cool in traffic, be patient and courteous to other drivers, and correct unsafe driving habits that are likely to endanger, antagonize or provoke other motorists. More than half of those surveyed by NHTSA admitted to driving aggressively on occasion. Only 14 percent felt it was "extremely dangerous" to drive 10 miles per hour over the speed limit. 62 percent of those who frequently drive in an unsafe and illegal manner said police for traffic reasons had not stopped them in the past year. The majority of those in the NHTSA survey (52 percent) said it was "very important" to do something about speeding. Ninety-eight percent of respondents thought it "important" that something be done to reduce speeding and unsafe driving. Those surveyed ranked the following countermeasures, in order, as most likely to reduce aggressive and unsafe driving behaviors: (1) more police assigned to traffic control, (2) more frequent ticketing of traffic violations, (3) higher fines, and (4) i...
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Road rage is a large problem all over the world, especially in the United States. There are two types of road rage. The first one is habitual road rage. It is a learned behavior; drivers have learned to drive in an aggressive manner. The second one is situational road rage. It is based on the situation that surrounds the driver, such as the driver receiving bad news or losing a job. Many people have died on the American highways because of stress or maybe they are in a hurry to get home to watch the football game, to be at work on time, get to a rendezvous doctor. It may be also that they are using their cell phone. Since driving is dangerous things a person can do, losing focus is an evil something. Road rage causes anger, stress,
Throughout a normal day, stress can build up. Whether it's taking care of the kids, being cramped in an office all day, someone getting on your nerves, or any kind of situation, a person builds up a wall of stress. The wall of stress is made of layers of things that upset, anger, depress, confuse, panic, and infuriate you. In the article Driven to Insanity, a doctor states that, " the stress people are under causes them to drive in a manner that normally they would not have under a less stressful situation." Although everyone is not stressed all the time, everyone has experienced and can relate to stress, which increases the possibility that they might react with road rage during stressful conditions.