Should the Legal Drinking Age Be Lowered Essay - 1233 Words

â€Å"I must entreat you to be scrupulous in the use of strong liquors. One night’s drunkenness may defeat the labours of forty days well employed.† James Boswell once wrote. College students consuming alcohol has become a persistent problem in America. As we all know, alcohol is a product that has provided a variety of functions for people in the world, especially in twenty first century, it is widely used in socializing, chemically, and medicinally. Although drinking alcohol can benefit peoples in enhancing the enjoyment and quality of life, but massive of consumption could lead to addictions which may cause the negative impact in our life, such as small issues like having headache the next day, losing your job, or more serious of†¦show more content†¦Drinking at college has become a ritual that students often see as part of their higher education experience. Many college students came to school with established drinking habits, and the environment in colleg e can exacerbate the problem. According to a research, it shows that more than eighty percent of college students drink alcohol, and half reported had binge drinking at least five times a month. The consequences of abusive drinking in college will affects students in their families, relationship, college communities at large and making healthy choices. Students that are under the legal drinking age has found many ways to get access to alcohols, such as having a friend who is twenty one years or older to purchase for them, or getting it from home. They usually drink less often than adults, but when they do drink they tends to drink more than adults, which can lead to a serious problem and side effect in health that results in affecting their hormonal balance, normal development of organs, muscles and bones. It could also lead to serious damage in our body, such as brain damage. Since the brains of young drinkers are still developing, alcohol consumption has an effect on intellectual performance and the results in brain damage and effect can be permanent. Alcohol abuses in adolescent can lead to liver damage, they often have an increased number of liver enzymes which supports claims that alcohol contributes to a long term damage in theShow MoreRelatedThe Legal Drinking Age Should Not Be Lowered973 Words   |  4 Pages The Legal Age for Drinking Alcohol Should Not Be Lowered To 18 In the United States. Every state has the right to set its own legal drinking age. However, according to George Will in an article he wrote in the Washington Post about the legal drinking age, â€Å"drinking age paradox† â€Å"lowering the drinking age will cost the state ten percent of its federal highway funds and cause a significant uproar from contractors and construction unions.† It is therefore in the best interest of every citizenRead MoreThe Legal Drinking Age Should Be Lowered1732 Words   |  7 PagesThe definition of the word adult is: â€Å"a person who has attained the age of maturity as specified by law†(Dictionary.com). If this is so, then why is it that in the United States 18 year olds are legally considered adults in our society, but they can’t legally buy or consume alcohol? Yet at this age they are able to vote in an election, get married, serve on a jury, live on their own, purchase cigarettes, adopt a child, and defend our country. These are not easy tasks for one to take on, yet our governmentRead MoreThe Legal Drinking Age Should Be Lowered955 Words   |  4 PagesIn the United States of America, the National Government requires the states to enforce a legal drinking age of twenty-one. Where as the world average drinking age is eighteen, and in some Countries it is even lower where it is possible to get a beer at sixteen years of age. Taking that into consideration, there is a great deal of controversy in the United States on what the legal age should be to purchase and consume an alcoholic beverage. The largest issue being that you are considered to be anRead MoreThe Legal Drinking Age Should Be Lowered1170 Words   |  5 PagesFor a majority of the 20th century, the United States drinking age has been a big issue. After prohibition had concluded in 1933, twenty- one was the new legal drinking age. Meanwhile, during the Vietnam War, eighteen became the new legal drinking age. Finally in 1984, Congress pa ssed the National Minimum Drinking Age Act (MLDA). Since then, twenty-one years old has been the legal age to drink in the United States. There are several ways alcohol has been a reason for death such as, alcohol poisoningRead MoreThe Legal Drinking Age Should Be Lowered1553 Words   |  7 Pagesold male who lives in Oregon. To celebrate his 18th birthday, he decided to go out with some friends and have a few drinks. He knows that the legal drinking age is 21, but he thinks what is the harm? I am 18 and in other countries, you are allowed to drink before you turn 21. Later that night as John gets in the car with his friends after a few hours of drinking, everything seems to be going well as they are driving down the freeway on their way over to his friend Dan’s house that is just a few milesRead MoreThe Legal Drinking Age Should Not Be Lowered988 Words   |  4 PagesThe Legal Drinking Age Should Not Be Lowered There are copious amounts of people who believe that the legal drinking age should be lowered to eighteen. Others think the drinking age needs to remain the same. A few of those also conclude the legal age of adulthood should be raised to 21. The belief is if the adolescent brain has not matured enough to support alcohol use by age 21, it cannot make the responsible decisions required at 18 years of age. Voters should make the decision toRead MoreThe Legal Drinking Age Should Not Be Lowered1117 Words   |  5 Pagesto the legal age of alcohol consumption have been going on for many years. While some feel that 21 should remain as the legal minimum consumption age, others disagree. By examining different aspects of alcohol consumption such as social motives and health related concerns one is more able to fully grasp the role that alcohol plays in our society. Through research and analyzation one can come to the conclusion that a lowered legal drinking age is not the answe r. The legal drinking age should not beRead MoreThe Legal Drinking Age Should Be Lowered Essay1548 Words   |  7 PagesIn the United States, the legal drinking age is twenty-one. In all fifty states, however, there are exceptions for underaged drinking at home, under adult supervision, or for medical purposes (â€Å"Drinking Age†). Overall, the legal opportunities for any person under twenty-one to legally drink alcohol are very scarce. There are many different points, made by people from both sides of the issue about whether or not to lower the drinking age to eighteen, or leave it where it currently stands at twenty-oneRead MoreThe Legal Drinking Age Should Be Lowered1481 Words   |  6 Pagesthe century, underage drinking happens every day in the United States and for some this might seem unacceptable but for most this is all because an unfair law put up by the government. The legal drinking age should be lowered from 21 to 18 because, among other things; 18 is the age of adulthood in America and adults should have the right to make their own decisions, also traffic accidents and fatalities are most common among newly-legal drinkers regardless of their drinking age; and, this law has notRead MoreLegal Drinking Age Should Be Lowered2099 Words   |  9 Pages friends, and the feeling of being invincible. Although there are a legal alcohol drinking and purchasing age in various countries, it is easily accessible to those who are underage. Alcohol is a monitored and controlled substance that can be purchased legally, yet there are many concerns that surround the substance. There are pros, cons, and different patterns regarding alcohol and the legal alcohol drinking and purchasing age. As a result of alcohol use, there have been many fatalities and injuries

Robert Frost s Poetry Style - 1228 Words

Many poets have shaped the writing style of modern day poetry a bit, but few have done so much as Robert Frost has in the ways of influencing today’s poetry. A man widely renowned and respected in America, Frost used his shockingly modern writing style to help pave a path for the poems of the future. By analyzing this great poet, one can only hope to discover the true, raw meaning of the written words that have had a lasting impact on the views and, more importantly, on the world of poetry. This essay will explain how Robert Frost used his modernistic writing, his poem’s philosophical nature, and his avid -albeit beautiful- descriptions of life and all its whims. All of this to break the mold of classical poetry writing, and to begin†¦show more content†¦This poem is called The Silent Tent. The most noted and revered line in this poem is actually the first, â€Å"She is as in a field a silken tent†. This signifies the fact that Frost chose to compar e Kay (the woman he fell for) to a silken tent. Frost may have chosen for the tent to be silk to express the soft beauty of Kay; after all, silk is normally described as beautiful, soft, and smooth. As the poem The Silken Tent goes on, the metaphors become complex and more and more are tangled within one another. This can symbolize how, as time went on, Frost’s love for Kay, as well as their relationship, became more and more complicated. Frost uses ropes as a way to express that Kay is tied down by her duties, but he then goes on to say that all of the cords are â€Å"loosely bound†. In the last line of the poem, Frost explains that marriage is like a form of bondage. When married, a person is bound religiously, socially, and legally. However, Frost states that it is only a slight amount of bondage, showing that Kay’s marriage wasn’t constricting or strict. Lastly, by using light weather (such as â€Å"sunny summer breeze† and â€Å"summer air†) in this particular poem, Frost evokes a feeling of happiness, signifying that Kay was a happy woman. Sharing this poem with the world, in its most romantic and personal form, took courage, causing even more people to flock towards Frost and his writing. All ofShow MoreRelatedAnalysis Of Robert Frost s La Noche Triste Essay1692 Words   |  7 PagesNovember 2014 Paper 5 Robert Frost was born on March 26, 1874 in San Francisco, California. He is, without a doubt, one of the greatest poets in American history. Frost used a traditional style and candidly opposed the free verse style. His poetry is deceptively simple, customarily employing colloquial expression that proceeds just as readily as speech and applying a conventional style similar to that of Carl Sandberg, Emily Dickinson, and Edgar Allen Poe (Roberts Zweig 2008). Frost s vivid depictionsRead MoreEssay about Nature in Robert Frosts Poems1649 Words   |  7 Pages Under the stars of the sky, fifteen-year old Robert Frost explored the heavens through a telescope. He was seeking affirmation of the proverbial question that has plagued mankind for centuries—the proof and existence of God. While surveying the cosmos, Frost‘s interest was stirred, so he visited a library and obtained books that had illustrated star charts. Within these pages, his knowledge of the stars was edified and a poet was born. Frost‘s first poems were ―astronomicalâ€â€" and invokedRead MoreFire And Ice By Robert Frost1349 Words   |  6 PagesThe great debate of whether the world will end in a fiery ball of destruction or a frozen wasteland has baffled the minds of many people. A man named Robert Frost has written a poem called Fire and Ice that describes his thoughts on how he would prefer to leave this world. Upon reading this poem, the reader can derive two distinct meanings of fire and ice; one being of actual fire and ice destroying the world, and the other having symbols for the fire and ice, such as fire being desire or passionRead MoreA Sound Of Sense By Robert Frost899 Words   |  4 PagesPoetry fundamentally speaks to the senses by using descriptive language that creates vivid mental pictures and sensations in the reader s mind. Authors employ imagery and metaphor and other literary devices to add complexity to their work. Poet Robert Frost instead used what he called a â€Å"sound of sense† method in his approach to the language of poetry. He intentionally used the sound of speech (especially the colloquial tones of his native New England region) to develop his poetic meaning. HisRead MoreAnalysis Of Robert Frost s Poetry1219 Words   |  5 Pagesthan a modern poet, it is difficult to place him in the main current of modern poetry. (1962:138) Because Frost s poetry has been responsive and illustrative of the Americans taste and aspirations, the latter have considered him their singer and bard to be acclaimed as America s Grand Man of Poetry as pointed out by Adlia Stevenson. (Grave,1985:2). Moreover, who is generally considered as one of the most prominent American poets of the 20th century, he is a symbolist poet on the groundsRead MoreRobert Frost s The Mountain Essay1581 Words   |  7 Pages Robert Frost one of the greatest American poets, was a bridge between man and reality, whether it be cruel or pleasant, always connecting the two in some essence through his poetry, utilizing a conversation style, reinforcing his admiration of conversation presenting his portrayed beliefs more conflicted than one shall expect. He depicts a common theme and style within his poems, specifically the The Mountain which is a contrast between young and old, when a young visitor comes to a village andRead MoreWhy Is Robert Lee Frost Essay1098 Words   |  5 PagesRobert Lee Frost Famous poets like William Shakespeare, Edgar Allen Poe, and Walt Whitman are some of the biggest names in poetry history, but do they get maybe a little too much attention ? Have you ever heard of Robert Lee Frost, he is one of the most famous American poets of the twentieth century. Some might even say that he is better than Edgar Allen Poe, or than William Shakespeare, because of the way he wrote his poems and stories to relate to the common people. Robert Frosts style of writingRead MoreThe Road Not Taken By Robert Frost1477 Words   |  6 Pages Robert Frost was a poet of the 19th and 20th century and his work had a great influence on the way poets of the future would write. Frost influenced poets through his work that contained simple ideas with deeper meanings. These ideas allowed for a different view on the world. â€Å"The Road Not Taken† was written by Robert Frost in 1916. It was a literary work that displays the way in which Frost saw the world around him. His writing style allowed him to express his feelings towards his environmentRead MoreThe Road Not Taken By Robert Frost1075 Words   |  5 PagesTaken, is a poem published in the early 1950’s by Robert Frost. The poem is summarized into the decision one has to make in life, when approached with a cross road. While Frost might have just been lucky with his words, his choices allows readers to stimulate their mind into thinking. Frost relies on the structure of, The Road Not Taken, as well as diction and imagery to reach his audience. Breaking down, The Road Not Taken,the message that Frost tries to get across is that in life you haveRead MorePoem, Birches And Out, Out By Robert Frost1116 Words   |  5 PagesTheme, Figurative Speech and Tones in â€Å"Birches† and â€Å"Out, Out† by Robert Frost Robert Frost was born in 1874 in San Francisco. Descended from the New Englanders generations, his parents, make Robert Frost is much associated with New England. In addition, most of his poems were well-known as a reflection from New England life. Despite that, he was a kind of subtle poet and generally recognized as a private man. Moreover, his appearance at the inauguration of John F. Kennedy to recite â€Å"The Gift Outright†

Widening Gap Between Wealthy and Poor- myassignmenthelp.com

Question: Discuss about theWidening Gap Between Wealthy and Poor. Answer: The people in this society are divided into different groups according to some common grounds. One of the basis of their categorization is the amount of wealth they have and their income that they earn. Majorly the people are divided as wealthy and poor. It is not only at the individual basis but the countries are also considered as poor and wealthy on the basis of their development. There are different trends that have been seen in different regions (Singh and Siahpush, 2014). This essay concentrates on discussing those trends in the countries and also about the major reasons that are increasing the gap between wealthy and the poor. Understanding if the different factors that is widening this gap provides an in depth knowledge of the background of the study. It is a very evident fact that the gap between the wealthy and the poor person is rising. This can be termed as income inequality as poor are not getting chance to earn money and wealthy people are getting better and better opportunities to explore and earn. As far as the figures are considered, it has been identified that the average income of the people in 1% of the OECD countries is 7 times higher than the average income of the people in the poor countries (Landes, 2015). This data was identified in the year of 1980 but now the gap has extended to 9.8 times and thus suggest that the gap is continuously increasing with time. The above figure suggests that the gap was around 6.8 in 1980s which has reached to 8 and more in 2013 and is consistent till now. As far as the country like Australia is considered, it has been analysed that quarter of the households in the country have experiences the drop in their income. On the other hand, the people who are wealthy in the country are getting wealthier. The Household Financial Comfort Report of 1500 Australians suggests that around 46% of the households are earning more than $100,000 and having gains as compared to 17% of the household earning under $40,000 (Patty, 2017). Out of those 41% of the households who are earning less than $40,000 are facing the income losses. There are several reasons that have been identified that are affecting the gap between the rich and poor and making it wide. Some of the reasons can be education, globalization, technological changes, gender and caste inequality, income inequality, unemployment, etc. wage determination is one of the major reasons that has ben observed to be the cause of widening the gap between the rich and poor (Reardon, 2011). It is because when the supply of the workers in the market for the job increases, the related wage for that job decreases and thus the poor workers remain poor in spite of doing their jobs. Globalization and technology are two main reasons that results in widening gap between rich and the poor. With the advancement in the technology and the freedom of the companies to conduct their businesses in international countries, the trends of employment are changing. More and more use of machineries in the manufacturing industries are replacing the use of manual power and thus results in reduction of employment opportunities for the labour class workers. Technology is not only replacing the workers but also changing the nature of the jobs and the skills require performing that job (Reardon, 2013). It is not that the machineries are totally replacing the human efforts, humans are still required by the companies but with different skill sets. Education is also a factor that is important for doing jobs by the people. As the process of performing the tasks and the jobs are changing because of the introduction of technology in the processes, the employees or the workers need to devel op their skills according to that. In order to get trained, they have to spent money and thus only the people with money can have access to such courses that can provide the large amount of income in future (Randolph and Tice, 2014). Thus, again the money will be distributed only to those who already have money to spend on such courses. Another reason that an also be considered as the cause of widening gap between rich and poor is the changing type of jobs (Harackiewicz, Canning, Tibbetts, Giffen, Blair, Rouse and Hyde, 2014). Contractual jobs are in trend these days. Most of the organization tries to recruit and hire the employees on the basis of contract for 1 year or two till they are required. This develops high insecurity of jobs among the workers. This is because the employees have to work for a short period of time and gain needed to look for another job in another company as they ate not permanent employees of any company. This whole analysis suggests that income inequality is the comparable word that can be used at the place of gap between wealthy and poor. There are many countries that are developed in nature and getting even more developed day by day (Elliott and Pilkington, 2015). This is because of the average income of the people in that country is much higher than the average income of the people in the other developing or under developed country. There are many reasons that have been identified as the cause for the widening gap such as technology and globalization. These factors affect the change in the trends of employment and nature of jobs. Education is other important factors that are affect the type of job the pope have access to. The expensive courses that supports that couple to have high paid jobs can only be attended by the people whose family is economically and financially sound and thus the poor have to be in that range of low paid limited jobs. References: Elliott, L. and Pilkington, E., 2015. New Oxfam report says half of global wealth held by the 1%.The Gaurdian. Harackiewicz, J.M., Canning, E.A., Tibbetts, Y., Giffen, C.J., Blair, S.S., Rouse, D.I. and Hyde, J.S., 2014. Closing the social class achievement gap for first-generation students in undergraduate biology.Journal of educational psychology,106(2), p.375. Landes, D. S., 2015.Wealth and poverty of nations. Hachette UK. Patty, A., 2017.Divide between rich and poor in Australia is growing. [online] The Sydney Morning Herald. Available at: https://www.smh.com.au/business/workplace-relations/divide-between-rich-and-poor-in-australia-is-growing-20170203-gu5bkw.html [Accessed 4 Sep. 2017]. Randolph, B. and Tice, A., 2014. Suburbanizing disadvantage in Australian cities: sociospatial change in an era of neoliberalism.Journal of urban affairs,36(s1), pp.384-399. Reardon, S. F., 2011. The widening achievement gap between the rich and the poor: New evidence and possible explanations. Whither opportunity, 91-116 Reardon, S.F., 2013. The widening income achievement gap.Educational Leadership,70(8), pp.10-16. Singh, G.K. and Siahpush, M., 2014. Widening ruralurban disparities in life expectancy, US, 19692009.American journal of preventive medicine,46(2), pp.e19-e29.

The Thesis Statement free essay sample

Here are a few examples following the above structure. Narrative Thesis: The year I left for college on the east coast was the scariest, yet most memorable experience I had ever encountered in my young life. Compare/Contrast: Although both the MAC and PC perform their tasks with efficiency, the MAC is superior to the PC when it comes to the special needs of the graphic artist. Cause and Effect: Although rap music comments on the harsh reality of life for many minorities, its message of violence often results in the degradationOf women, the promotion Of drugs, and the severance Of the family Structure. How to Write a Thesis Statement when the Subject is Given: f you are given a question, the simplest way to write your thesis is to rephrase the question into a statement. Example: f you are given the question: What are the greatest contributions to global warming? then your thesis could be stated as follows: The greatest contributions to global warming are hairspray, car emissions and methane gas from cows. We will write a custom essay sample on The Thesis Statement or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Here, The greatest contributors to global warming is the epic section, and hairspray, car emissions and methane gas from cows is the comment section. How to Write a Thesis Statement when the Subject is not Given: This is when developing the thesis statement becomes more difficult. If you are asked to write on a topic Of your choice, then how should you phrase your thesis statement? This depends solely on the subject for which you are writing. Let us pretend that you decide to write a paper on modern China.You do some research and you discover that you are interested in economic, political, ND social issues. After continuing your research, you decide to write on the successes and failures of reforms involving these issues. You find that the economic and political reforms have shown amazing successes. However, you discover that many problems exist due to the limited rights of Chinas citizenry. How should your thesis be phrased? Example: Though Chinas economic and political reforms have shown much success, the social problems inherent in modern China remain a constant reminder of its past.Not only does this thesis state your opinion on three potential areas of focus, but it also gives a general outline for both you and the reader to follow as the paper progresses. When writing your paper, you should begin with an introduction (including the thesis) followed by a discussion of Chinas political reforms, with Chinas political problems coming last. The body should then be followed by a brief conclusion. This order will, because it coincides with the order of the thesis statement, help the reader to understand your paper and not get lost within the body.

Tips On How to Become Freer in Your Storytelling

Tips On How to Become Freer in Your Storytelling Are you too scared to write? Whats exactly stopping you from essay writing your own unique book? Actually, you can write about anything you like. The only condition is that there must be a connection between you and your material. These effective tips will help you feel that writer freedom to create something special. Become an enthusiastic reader Books have the unique ability to present you a world of great imagination. That`s why all writers need to be avid readers. You can discover an infinite kaleidoscope of styles and grasp the art of language by reading. What is more, reading encourages your own imagination and gives you the opportunity to find out what works and what doesn`t work in writing. Here is how to increase enthusiasm for reading: Choose books wiselyFind book reviews and recommendationsAdd reading to your scheduleDo not waste time reading something that isn`t for youTake notes while reading Get interested in mythology, tradition, and folklore No doubt folklore and mythology are part of the identity of every nation. Myths and legends give insight into the perspectives and values of long gone cultures and evoke the sense of social history. They can serve writers as a strong moral compass and provide them with a strong link to past generations. Folklore often conveys timeless and universal themes, which are relevant in the art of storytelling. So, don`t underestimate their value if you are an aspiring author. Get your writing flowing It doesn`t matter from what point your writing process should start. There are plenty of authors who rarely start at the beginning because outlines just don`t work for them at all. Your book will be bound to succeed if you have a strong sense of character. When you are writing a story, you don`t have to think about it – it should just come. The words and the imagined reality of your story live in your head. So, don`t be afraid to climb back inside your head and write everything that you want to write. Find your own source of inspiration There is no need to explain how it is important for every writer to have inspiration. When you are inspired the process captures you so much that you often forget about food or sleep. The greatest source of inspiration is something that we all have access to – the whole world around us. You can recast the stuff of everyday life in fantastical ways. Even your own life can inspire you. For example, the own experiences of feeling like an outsider have inspired Nnedi Okorafor, a well-known Nigerian-American writer of fantasy and science fiction, to write her fictional creations we all enjoy reading today. Inspiration is not just a desirable thing, it`s an integral part of the writing process. Just look around and find those things that inspire you to greatness. Flex new creative muscles Do not be afraid to dive into a completely new genre. You have a very broad spectrum of writing genres to choose from and apply your unique power to create an imaginative, original literary production. In fact, multiple genres can improve your writing. Writing in an unfamiliar genre might be just the push you need to advance to a new level in your storytelling. You should always remember that there is no limit to how far your skills can advance. Create fictional characters wisely Your fictional characters must ring true in order to be convincing. Just like real people, they should have their parents, backgrounds, siblings, and experiences that influence their current behavior and shape their personalities. As soon as a suitable character comes into your head, be sure that you know what sort of person he or she is. All your characters should be placed into the context of the story you are writing after you have determined their personality, sex, and age. Let no one discourage you You can meet a lot of people on your professional way who can tell you to stifle your imaginations and stay away from all that stuff. On no account let anyone discourage your ambitious attitude. Be your own motivation and always believe in yourself. Create the stories you have never found on the library shelves. Just write them, and do it your way.

Index Number Essay Example

Index Number Essay Example Index Number Essay Index Number Essay CPI (Consumer price index) A consumer price index (CPI) measures changes in the price level of consumer goods and services purchased by households. The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. GDP deflator In economics, the GDP deflator (implicit price deflator for GDP) is a measure of the level of prices of all new, domestically produced, final goods and services in an economy. GDP stands for gross domestic product, the total value of all final goods and services produced within that economy during a specified period. WPI (whole sale price index) The abbreviation for Wholesale Price Index, which is an index of the prices paid by retail stores for the products they would ultimately resell to consumers. The Wholesale Price Index, abbreviated WPI, was the forerunner of the modern Producer Price Index (PPI). The WPI was first published in 1902, and was one of the more important economic indicators available to policy makers until it was replaced by the PPI in 1978. The change to Producer Price Index in 1978 reflected, as much as a name change, a change in focus of this index away from the limited wholesaler-to-retailer transaction to encompass all stages of production. While the WPI is no longer available, the family of producer price indexes provides a close counterpart in the Finished Goods Price Index. PPI – Producers price index Producers price index focuses on prices of goods and services that are received by the producer. This is different from the retail prices, which include shipping costs, taxes and other levies Sensitive Price Indicator (SPI) Sensitive Price Indicator (SPI) is designed to assess price movement of essential consumer items at short intervals (on weekly basis) so as to take corrective measures. Laspeyres . This compares the price of the old basket of goods for the old and new prices. Paasche . This compares the price of the new basket of goods for the old and new prices. variables| price| quantity| CPI| Fixed (Laspyere price index)| | GDP deflator| | Fixed| PPI| Fixed (Laspyere price index)| | SPI | Fixed (Laspyere price index)| | WPI| Fixed (Laspyere price index)| |

International Business Research Assignment Case Study

International Business Research Assignment - Case Study Example However, subsidies, grants and governmental support are not sustainable in the long run. This would only create distortions and would also increase the input costs of manufacturing like cost of power, gas etc. Dependence of an Industry on subsidies, grants and support would only make demand for more support. Globalization calls for augmented interdependence of countries because of their enlarged economic integration via foreign direct investment, joint ventures, trade, migration of immigrants and foreign investment, foreign aid, and international migration of people and ideas. With the eradication of quotas, now, the survival in the international trade markets for countries depends on using the benefits of propinquity from a marketing, design and production point of view and also with an ability to counter the highly volatile market demand. New News about globalization is that the comparative productivity, price, exchange rates, transportation costs and custom duties and or tariffs will continue to affect patterns of sourcing; a new set of factors related to the distribution of products plays an increasingly vital role. Globalization and free trade economy can be termed as synonyms. Globalization is much more than an monetary event. ... ut the limitations of quotas, consumers and manufacturers in one area of the world seek for consumers and manufacturers in another part of the world, and with the international division of labor, greater efficiency can be achieved in catering the market needs and demands. Having better access to overseas suppliers and more sourcing options, companies with established and pliant brands will be able to realize upside potential by taking advantage of outsourcing and partnership opportunities. The ongoing process of evolution in the industry will favor companies with strong brand equity, a loyal group of recurring customers and a proven record in innovation. The economic advantage of integration of free market economies has always been interpreted. Quantitative restrictions / quotas ended under the General Agreement on Tariffs and Trade (GATT) and World Trade Organization kicked in. Approximately over 150 countries are members of the WTO. Gains of WTO and end of quotas can be seen now because of various bilateral and or regional agreements. These agreements provide a free movement of capital and labor which ultimately promotes competitiveness. The most important result of trade and investment, however, is economic growth, which in turn leads to a better environment. That is true because, as incomes rise, the demand for improved environmental quality also rises. Numerous studies have confirmed that, in practice, trade and investment activities usually have a positive impact on the environment. Criticism on Globalization There are various thoughts on the bilateral and regional trade agreements. One thought views that in a multilateral regime, bilateral trade agreements create trade distortions. The level playing field as envisaged by the WTO is thus distorted. For