Multinational Enterprise Structures the Economy

A major player in the international political economy is the multinational corporation or multinational enterprise as these structures of economy are commonly referred to. These are business or firms that hold offices and/or major production facilities in two or more different countries. The multinational corporation therefore is any business whether private or public that extends its production facilities or embarks in huge investments in capital across national boundaries. Since the end of World War II, the dominate western countries of Europe and the United States have long been the main headquarters of these multinational corporations, while the lesser developed nations of the world have been the sites for these corporations subsidiary markets and production facilities. On the subject matter of these multinational corporations, there exist two preeminent sources for the political science student in international political economics. The first is Richard Caves, whose article â€Å"The Multinational Enterprise as an Economic Organization† explains the creation and existence of the multinational corporations as a facility to more easily transport capital across international borders. The other source Osvaldo Sunkel, in his article â€Å"Big Business and Dependencia: A Latin American View† believes the multinational corporations have been a major political, economic and social boundary to pure economic growth in Latin America and has put a strangle hold on their own attempts to enter the global market. Richard Caves† viewpoint is that multinational corporations act as a facilitator to the movement and trade of the hard to price assets of a multinational firm. Specifically in terms of business and trade, there are manufactured goods, which are easy to move across international boundaries essentially. Yet, within the market there are many circumstances where transactions are hard to impossible to complete due to the markets ability to establish a fair price on certain assets. The reason for this inability is not due to the nature of the economy mind you, it is that these assets are non-physical. Assets such as patents and copyrights, the new technologies that arise from them and managerial expertise are all assets that cross international boundaries. According to Caves, the multinational corporation is in existence to move these assets across international borders. The multinational corporation in this process takes on three different models according to Caves. The first is a multi-plant firm that produces the same goods in several geographically different locations. This is the static model of â€Å"horizontal multi-plant enterprise† as Caves refers to it. It is the most thoroughly basic kind of Multinational Corporation. The factories abroad are controlled under common management, and are run and operated in the most cost effective locations of production. In most cases of the horizontal multi-plant enterprise, the products or their effects are mobile between national markets. This horizontal enterprise will produce goods that may deprecate but will not have a short life span of productivity. The second model is the â€Å"vertically integrated multinational enterprise†; this is a corporation wherein the outputs of the corporation†s plants serve as inputs to another of the corporation†s plants. This is used in most cases to reduce the cost of production of certain goods. Semiconductors for example are made by the advanced technicians in highly industrialized countries, while the process of soldering the wires and boards of the conductors can be done in a lower-wage country. The third type of multinational firm is the â€Å"diversified company†, which is a company whose plants inputs and outputs are neither horizontally nor vertically related. The reason for the creation of this firm is the multinational corporations bid to increase the diversification of the corporation†s interests abroad. This is done to increase the viability of a company, whether it is to inflate stock prices or some other arbitrary goal of the corporation. This view is quite different than the view of Osvaldo Sunkel, in his article â€Å"Big Business and Dependencia: A Latin American View† Sunkel brings to light the idea of Dependencia: Which is the control of Latin American markets by United States and European multinational corporations. This control of Latin American industry for well over 200 years by the US and Europe has radically altered the socio-economic development of this region. And has added to the dispensation of their current markets since the 1930†³s, which has led to an economic stagnation for many Latin American countries. Sunkel brings to light several points that show how the multinational corporations, be them Horizontal or Vertical. How these corporations do not benefit the country that houses the subsidiary, moreover the corporations home country benefits many times over than the exploited country. Sunkel†s argument is very clear; the very infrastructure of the Latin American economy is based on a hierarchy, whereas the core nations of the world†s economy use their strong positions to exploit the weaker economies. Robert Gilpin refers to this as Structuralism; it is a major school of thought in international political economy. This theory of â€Å"Dependencia† causes many socio-political, and socio-economical problems in the Latin American countries. Sunkel states that when the more powerful United States placed increasingly manufacturing complexes in Latin America the local centers of production were either swallowed by the larger company or put out of business by the lower prices of giant conglomerate. This led to the eventual decrease in exporting that benefited the local market. Sunkel, makes this point very clear: that the trade between the core nations and Latin American never left exploitation not unlike the colonialism of 200 years ago. Whereas Europe used to subvert the local population and exploit the natural resources, the core nations now use the large corporations to do this instead. A bulk of Latin American trade has been replaced with this intra-firm/corporation transfer of products. It benefits the core nation even more, because not only does a bulk of the product or material go to the corporation†s home country, but also the majority of the profit follows the same line. This lack of real trade and a concentration of wealth in the core nations have made the Latin countries even more tied to the elite through huge loans and aid from the IMF and World Bank. Caves and Sunkel share very different mindsets, while Caves believes that the multinational corporation extends the scope of the world economy. Sunkel believes that it exploits the Latin American market, by reducing the capitol in the working class and middle class the corporations take capitol from the local economy that could be used to improve the social condition.

Childhood and Pg

How did Eddie die and why did he put himself in such danger? (pg. 15) he got smashed by a fiberglass cart from the drop nd to save a little girl Today is Eddie's Birthday (#1) What decade in the 1900s was Eddie born? (pg. 19) in the 1920s Chapter 2: The Journey Did Eddie die trying to save the little girl? (pg. 21) Did Eddie save the little girl? (pg. 1) yes, we dont know Why do you think Eddie doesn't feel worry or pain?Explain your answer. (pg. 22)its a earthly feeling Today is Eddie's Birthday (#2)How old is Eddie? And what is his party like? (pgs. 23-25)eddie is 5 it was fun with cake and he whore a cowboy costume Chapter 3: The Arrival Where does Eddie wake up? How is it different from what he remembered at the end of his life? (pgs. 26-27) ruby pier, old rides are still there How is Eddied different? What can he do that he hadn't done (or been able to do) for years? (pgs. 27-28) he can run At the end of the chapter, who is waiting for Eddie? (pg. 31). the blue man Chapter 4: Th e First Person Eddie Meets in Heaven Why does Eddie feel like a child? pg. 32) Hes back at his childhood place Where does the Blue Man tell Eddie he is? (pg. 34) In Heavan Why isn't Eddie happy with the answer? (pg. 34) He didnt want to believe it, he doesnt think that place is heavan According to the Blue Man, what is the purpose of heaven and how does it tie into the title: The Five People You Meet in Heaven? (pg. 35) (important to the novel's theme) To explain your life on earth What killed the Blue Man? (pg. 36) Eddie did. Based upon what you know about Eddie thus far, how do you think the Blue Man's evelation about who killed him affected Eddie?Explain your answer. yes he felt guilty Today is Eddie's Birthday (#3)Based upon what happened in this section, who is braver: Eddie or Joe? Explain why. He gets the ball nd Joe runs off like a little Describe the Blue Man's childhood. Why doesn't his father care for him? (pgs. 39-40) he was shy and fidgety, He was ashamed of him for emb arassing him Why is the Ruby Pier in the 1920s the Blue Man's heaven? (pg. 42) he felt accepted Today is Eddie's Birthday (#4) Where does Eddie unwillingly go on his 8th birthday? he had to Childhood and Pg By hhectr64

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

Non - Research Paper Example Murals are regarded s the earliest art forms as illustrated by cave paintings of hunting scenes by cave men and those found in Egyptian and Mayan pyramids. Murals can be created using material as witnessed in paintings on cave walls that may have used plant extracts, animal oil to modern synthetic oil or water based paints and pigments. Murals can also be create through the incorporation of other artistic techniques including collage and mosaic where these are embossed onto a wall or permanent surface to create one whole image or representation. This paper seeks to discuss mural art by Ta-Coumba Arken by analysing and offering detailed description of one of his works titled Alum Hungi-I 1991. Ta-Coumba Aiken is a renowned public works art painter whose base of operations is located in Minnesota. Some of his notable works of art in the city include the Jax/Gillette Children’s Hospital mural, the north side’s Pilot City murals project and the Minneapolis Central Library t ile fireplace (Millet 110). A trademark characteristic of Ta-Coumba’s artwork is the resulting variety of contrasting colors and tone that gives his works of art an eye-catching property. This is his style and perspective that is incorporated into his murals, which he starts creating from a white and black outline inwards giving the outline figures ‘meat’ or substance. The outlines set the ground for his process of shape building and coloration, which he describes as ‘spirit writing’. Murals created by Ta-Coumba are characterized by the usage of repeating rhythm patterns through imagery as stylistic devise of bringing out the resultant artistic effect of his art. The artist attributes the inspiration behind his artwork to African masks and dance whose aspects, quality and substance he tries to replicate and bring to life in his paintings. The Alum Hungi-I 1991 by Ta-Coumba is a canvas painting illustrating 9 African or dark skinned figures involved i n various stages activity ranging from drum and flute playing, fishing, spear throwing and dance. This is consistent with Ta-Cuomba’s line of inspiration that comes from African dance and music. The outline of the painting is made out of a black background to achieve the maximum degree of contrast that is also characteristic with Ta-Coumba’s work. The use of color is unlimited, and the level of expression in the figures is accentuated by the rhythm that seems to come from the various poses of the figures in the painting. A notable aspect about the painting is the use of a black outline for each shape a quality that can also be seen in the frame that holds the artwork. Each figure in the artwork is made-up of more than one color a style that gives the painting a warm contrast and rhythm, which works to bring out the theme of the painting. The use of a range of bright colors makes the art work very eye catching. The use of color the blue is used in various shades and int ensities, an aspect that can be construed to represent the artist’s perspective on happiness and joy. The theme of music and dance is brought by the depiction of drums and dancing figures playing the musical instruments. The use of more than one color in the background makes the painting look abstract and distracting to the viewer, which adds to eye-catching quality. The empty spaces in the painting

Analyse the report by answering the four requirements Assignment

Analyse the report by answering the four requirements - Assignment Example This report, also points out issues related to the environment, safety and health, in addition to how the corporation engages people and the community. Further, the 2011 report is structured in a way that details GRI reporting and provides information on previous reports that is essential in making comparison on the corporation’s sustainability development (Orica Report, 2011). Orica, indicated their 2011 sustainability report, reflected on application level B in relation to GRI reporting among organizations. According to the standards set by the GRI reporting guidelines, application level B, is suitable for intermediate reporters who, already have an existing policy of implementing sustainability performance. This involves reporting on profile disclosures, reporting on the approach embraced by the management and reporting on not less than 20 performance indicators. The performance indicators focus on Labor practices, human rights, product stewardship, community or society, ec onomic and the environment. As indicated in page 134 that reports on the corporations GRI Index for the year, 2011, Orica achieved level B by reporting on all the parameters required for this level. However, this is not the appropriate level for Orica; the corporation should meet the application of level A since, reporting on Orica’s sustainability, is advanced and it requires consultation with stakeholders. ... The terms that describe the process of independent assurance vary and may include external assurance, verification, assurance and certification (Manetti and Toccafondi, 2012). Further, independent reviews may vary, and similarly, the information provided by organization also varies in terms of scope related to information intended for assurance. The assurance process reviews, the data quality, how the data was collected, with an intent of improving the final disclosure. In essence, information considered to be of high quality is regarded as trustworthy, and relied on by organizations and others interested in the information. Organizations often seek out assurance for various reasons aimed at improving confidence and trust in areas related to governance, maintaining stable shareholder relations and management process. Other benefits related to assurance include improving an organization’s reputation or recognition, and instill confidence among stakeholders (Manetti and Toccafon di, 2012). Further, assurance serves to limit risks for an organization, in addition to improving value. Assurance, also aids in improving the engagement between organizations CEOs and the board, as a result of the need to work together to achieve credible sustainability disclosures. In addition, assurance improves internal reporting and various management systems within an organization. On the same note, external assurance, assists in affirming the robustness of systems responsible for internal controls and provide recommendations for further improvements. The process of assurance also plays a role in enhancing stakeholder communication since, the sustainability report are relied on for

The Pro's of Umbilical Cord Care (Triple Dye & alcohol) Research Paper

The Pro's of Umbilical Cord Care (Triple Dye & alcohol) - Research Paper Example Some of the methods were unsterile ad resulted in serious infections such as neonatal tetanus. Current umbilical care practices vary across different regions but have limited neonatal complications. Triple dye plus alcohol is one of the modern umbilical care treatments with several pros. The Pros of Umbilical Cord Care Using Triple Dye and Alcohol Regimen The kind of neonatal care given to newborn babies has great impact on the baby. Umbilical treatments aim at preventing infections during the cord separation. Umbilical cord is the cord that connects the baby with the placenta. It is mainly made up of blood vessels and acts as the connection between the mother and the foetus. After birth, the cord separates from the placenta, the cord stump dries and eventually falls, and the wound heals eventually. During the cord separation process, substances may collect and accumulate at the point of connection leading to infections. The cord takes about 5-15 days to separate. The umbilical stump provides a possible entry for bacteria. Therefore, there is need for use of appropriate treatment to aid the separation process, drying, and healing of the wound without infections. Antimicrobials are used to treat the umbilicus to fasten the cord separation and prevent bacterial colonization and other related complications of nursery infections as well as omphalitis. However, different antimicrobial work differently and may determine the time taken for cord to separate. Additionally, they may regulate the probability occurrence of any infections. Use of triple dye together with alcohol for treatment of umbilical cord is becoming a popular treatment for umbilical cord. The objective of this paper is to investigate the pros of Umbilical Cord Care using Triple Dye & alcohol. This analysis provides insights on how umbilical care impacts on nursing care. The paper will entail critical analysis of recent and relevant research related to the pros of using triple dye and alcohol in umbili cal cord care and make a conclusion regarding this method of nursing care. Triple dye is considered one of the most effective regimens for treatment of umbilical cord. A single application of the dye has been proved to prevent infections. However, the results are even better when triple dye is used together with alcohol. Studies have demonstrated that 90% alcohol is better in enhancing umbilical cord drying than other regimens such as povidone-iodine and Chinese herbs. Additionally, it has been proved that different regimen work differently in regions with different climatic conditions. However, some studies have shown that separation and healing occurs faster when Triple Dye is used together with alcohol. Discussion: Pro of Using Triple Dye Together with Alcohol for Cord Treatment    Umbilical cord care is one of the most important aspects of neonatal nursing care. This is because it greatly determines the health condition of the infant in the early stages after birth. Additional ly, the effectiveness of the care determines the survival rate of infants. The time taken for cord separation is greatly determined by the regime used for the care. Several studies have been done to establish the effectiveness of different regimes in determining the time taken for the cord to separate and the rate of infections following cord separation. The studies have established that the kind of regime used

The Value of a Vanilla Bond Coursework Example | Topics and Well Written Essays - 1000 words

The Value of a Vanilla Bond - Coursework Example Between the two companies it has been observed that Microsoft Corp. has the highest credit rating in the country. Due to the volatility of Aon’s operations and lower credit ratings, interest rates are higher, which makes the investment in Microsoft Corp. safer than that in Aon Corp, from an investor’s point of view. The Value of a Vanilla Bond A vanilla bond is a bond that has no underlying features, a fixed rate is implied and the bond is redeemable in full on maturity. In this paper, the vanilla bonds of two companies will be focused on to determine why the price of one company’s bonds differs from the price of the bond of the other company. The companies that are being focused for this paper are Microsoft Corp. and Aon Corp. According to the financial results reported by Microsoft Corp and Aon Corp. the companies had a total of $11.9 billion and $2.9 billion outstanding in debt. This debt component comprised of different loan notes, each with a varying range o f maturity dates, out of them only the loan notes that fulfill the criteria of vanilla bonds will be considered for this paper. To calculate the present value of these bonds, each lone note will have to be dealt with separately. The list of the amount of these loans, their coupon rates, price and their maturity dates is mentioned below, and on its basis the present value of each note will be calculated. ... October 2020 1,000 3.000% 105.7 941.85 2.27 February 2021 500 4.000% --- 459.79 --- June 2039 750 5.200% 122.0 612.653 3.88 October 2040 1,000 4.500% 113.6 835.607 3.73 February 2041 1,000 5.300% --- 805.150 --- TOTAL 10,750 10,043.51 AON CORP: Maturity Date Face Value ($ Millions) Standard Coupon Rate Price Present value ($ Million) yield to maturity September 2015 600 3.50% 105.0 589.609 2.07 September 2020 600 5.00% 112.1 570.808 3.37 September 2040 300 6.25% 124.8 248.854 4.67 TOTAL 1,500 1,409.271 As it can be seen, the bonds held by Aon Corp are generating higher yield to maturity than the bonds held by Microsoft Corp. Even though the time till maturity of the two companies is same for some bonds, still Aon Corp is charged with a higher rate of interest than Microsoft Corp. For the bonds that will mature till the years 2015, 2020 and 2040, the respective yields to maturity for Microsoft and Aon Corp. are 0.64, 2.27 & 3.73 and 2.07, 3.37 & 4.67 respectively. Thus it is obvious t hat the bonds issued to Aon Corp are receiving a better price than that of Microsoft Corp. According to Standard and Poor’s Rating Services and Moody’s Investor Service Inc. the Microsoft Corporate credit rating is AAA and Aaa respectively, whereas that of Aon Corp is BBB+ with a stable outlook and Baa2 with a negative outlook respectively. The increase in Microsoft’s credit ratings ensures lower borrowing costs and easy access to financial options for the company. Microsoft was assigned top rating right after the company made public a $ 2 billion commercial paper program and according to S&P only five U.S non-financial companies hold AAA rating according to their standards (Linnane, 2008). The commercial paper of Microsoft Corp is rated A-1+ by Standard & Poor and P-1 by moody’s.

The General Images and Perceptions of Liverpool from an outsider Essay

The General Images and Perceptions of Liverpool from an outsider (tourist or international student) - Essay Example This paper discusses the many areas of development which Liverpool undertook to grow its economy. The various features of its development have also been elucidated. These, plus those made within her tourism industry has greatly contributed to Liverpools economy and what we see as modern Liverpool of today. As shown in the UK map above, Liverpool, a coastal city lying alongside the north shore of river Mersey, is an important city and seaport of England. The centre of the city forms the nucleus of Merseyside County, and constitutes a part only of the greater Lancashire. The proper city of Liverpool, therefore, makes up for a borough of the metropolitan county of Merseyside forming an irregular crescent along the estuary of river Mersey, only a few miles away from the Irish Sea. The population of Liverpool is 439,476 and its met. area population is 1,362,034. Liverpool city is a large manufacturing and commercial place in England and is the major city of the metropolitan area of Merseyside. Liverpools City Centre district is one the biggest shopping centres in the United Kingdom. Since it lies on the banks of river Mersey it has many buildings that form UKs important landmarks. These conspicuous buildings include the Royal twin-tower Liver Building with each of the tower crested by the "liver bird" sculpture. It was after this mythical bird that the city is known to have been named. The other notable buildings within the premises of commercial area include: Liverpools inner city area is located at the outskirts of commercial center. The centre of inner city, which in the past was considered a suburban area, abounds with many old buildings and houses. Nevertheless, one part of the inner city area also has the Roman Catholic Metropolitan Cathedral; the Liverpool University, and the Anglican Church, while the suburban area now lies outside the inner city. There is a Walker Art Gallery within the Liverpool city, which has one of UKs remarkable collections of