Archive for June 2012
Case:
Do you think that people should be obliged to work 65
hours a week?
Solusion:
People's needs would not be enough. Their needs
also must be completed. As we knew that they should get job to suffice it all.
There is no doubt if we cannot suffice it all because we don't have any job to
live in this large community. In the following case, I will give my opinion
about it.
There is positive and negative effects which we will get in
this case. The positive effect about it is we can be trusted by clients that
we are professional worker. Otherwise, the people in the world recognise we
have more time to work, I think the head of office will give us more
appreciation and we can get extra money for our work. And the negative effect
is we can get bad health than normal workers. Moreover, if we have bad medical
check-up, I imagine if they should be obliged to work until 65 per a week, it
will disturb their own self. The other negative effect is we don’t have many
times to get together with our family or friends. Because of it, we tend to be difficult
to join the society.
To sum up, I think they must consider about the job and
think if they choose it, what will they get and what will they sacrifice. I
disagree if they ignore their heatlh and work too hard, they will regret what happens
next about his medical result. It makes their body will be bad and cannot work
anymore. I recommend if you have these options, you should think it carefully
and listen what they say about that job.
Good evening, Friends!
Backpacking is a form of low-cost, independent international travel. It includes the use of a backpack or other luggage that is easily carried for long distances or long periods of time; the use of public transport; inexpensive lodging such as youth hostels;
a longer duration to the trip when compared with conventional
vacations; and an interest in meeting the locals as well as seeing the
sights. It is typically associated with young adults, who generally have
fewer obligations and thus more time to travel. They also have less
money to spend on hotels or private vehicles. (source: here)
They also have less money yeah! less money, lol. We have less money, that's why we will be backpacker, right?
I have tips for you who will be the real backpacker without spend money too much! Remember, we have less budget!
1. Join the group of world backpackers! You can join this, this or this. Read all their experiences, so you can imagine how about your destination will be.
2. Free to live at there? Live with local people without pay? Sure, you can! Join this or this. But for your information, don't depend just on this. You should search some hostel too.
3. Contact them 1 or 2 months before you go to there.
4. Prepare your self, money and be calculative!
5. Don't bring too many unimportant things and impolite clothes, be casual as you can.
6. On-time! Time is money!
Maybe only it that I can give you. When I already be the real backpacker, I'll tell you as soon as possible! See ya in next post!
Peace!! ヾ(´^ω^)ノ
Tag :// Backpacker,
Tag :// Backpacking,
Tag :// Bangkok,
Tag :// Cheap Ticket,
Tag :// Experience,
Tag :// Kuala Lumpur,
Tag :// Malaysia,
Tag :// Phuket,
Tag :// Real Backpacker,
Tag :// Thailand,
Tag :// Travel,
Tag :// World
Good Afternoon, Friends!
International Trade is the
exchange of capital, goods, and services across international borders or
territories. In most countries, such trade represents a
significant share of gross domestic product (GDP). While international trade has
been present throughout much of history (see Silk Road, Amber Road), its
economic, social, and political importance has been on the rise in recent
centuries.
Industrialization, advanced transportation, globalization, multinational
corporations, and outsourcing are all having a major impact on the
international trade system. Increasing international trade is crucial to the
continuance of globalization. Without international trade, nations would be
limited to the goods and services produced within their own borders.
International trade is, in principle, not different from domestic
trade as the motivation and the behavior of parties involved in a trade do not
change fundamentally regardless of whether trade is across a border or not. The
main difference is that international trade is typically more costly than
domestic trade. The reason is that a border typically imposes additional costs
such as tariffs, time costs due to border delays and costs associated with
country differences such as language, the legal system or culture.
The model of International Trade:
1. Adam Smith Model
Adam Smith
displays trade taking place on the basis of countries exercising absolute cost
advantage over one another.
2. Ricardian model
The Ricardian model
focuses on comparative advantage, perhaps the most
important concept in international trade theory. In a Ricardian model,
countries specialize in producing what they produce best, and trade occurs due
to technological differences between countries. Unlike other models, the
Ricardian framework predicts that countries will fully specialize instead of
producing a broad array of goods.
Also, the Ricardian
model does not directly consider factor endowments,
such as the relative amounts of labor and capital within a country. The main
merit of Ricardian model is that it assumes technological differences between
countries. Technological
gap is easily included in the Ricardian and Ricardo-Sraffa model (See the Ricardian theory (modern development)).
The Ricardian model
makes the following assumptions:
- Labor is the only primary input to production (labor is considered to be the ultimate source of value).
- Constant Marginal Product of Labor (MPL) (Labor productivity is constant, constant returns to scale, and simple technology.)
- Limited amount of labor in the economy
- Labor is perfectly mobile among sectors but not internationally.
- Perfect competition (price-takers).
The Ricardian model
applies in the short run, so that technology may vary internationally. This
supports the fact that countries follow their comparative advantage and allows
for specialization.
For the modern
development of Ricardian model, see the subsection below: Ricardian theory of international trade.
3. Heckscher-Ohlin model
In the early 1900s an
international trade theory called factor proportions theory was developed by
two Swedish economists, Eli Heckscher and Bertil Ohlin.
This theory is therefore called the Heckscher-Ohlin theory (H-O theory). The
H-O theory stresses that countries should produce and export goods that require
resources (factors) that are abundant and import goods that require resources
in short supply. It differs from the theories of comparative advantage and
absolute advantage since those theories focus on the productivity of the
production process for a particular good. On the contrary, the Heckscher-Ohlin
theory states that a country should specialize in producing and exporting
products that use the factors that are most abundant, and thus are the cheapest
to produce.
The Heckscher-Ohlin
model was produced as an alternative to the Ricardian model of basic
comparative advantage. Despite its greater complexity it did not prove much
more accurate in its predictions. However from a theoretical point of view it
did provide an elegant method of incorporating the neoclassical price mechanism
into international trade theory.
The theory argues that
the pattern of international trade is determined by differences in factor endowments.
It predicts that countries will export
those goods that make intensive use of locally
abundant factors and will import goods that make intensive use of factors that
are locally scarce. Empirical problems with the H-O model, such as the Leontief paradox,
were exposed in empirical tests by Wassily Leontief
who found that the United States tended to export labor-intensive goods despite
having an abundance of capital.
The H-O model makes the
following core assumptions:
- Labor and capital flow freely between sectors
- The amount of labor and capital in two countries differ (difference in endowments)
- Free trade
- Technology is the same among countries (a long-term assumption)
- Tastes are the same.
The problem with the H-O
theory is that it excludes the trade of capital goods (including materials and
fuels). In the H-O theory, labor and capital are fixed entities endowed to each
country. In a modern economy, capital goods are traded internationally. Gains
from trade of intermediate goods are considerable, as emphasized by Samuelson
(2001).
This is so interesting, isn't it? I hope you like it and have same interest with me too! Thanks for read. See you in next post!
Source: Here
Tag :// Business,
Tag :// Economic,
Tag :// International,
Tag :// International Trade,
Tag :// Interview,
Tag :// Political,
Tag :// Scholarship,
Tag :// Shares,
Tag :// Social,
Tag :// Trade
I have dream to study aboard through scholarship. Do we have same dream? If yes, I have prepared all! Altough I'm still in second grade of high school, but my tension is too high to reach this dream, lol. Do you want example for interview section? Tadaaa! This is the example:
As you know that many scholarship that must not to be skipped. If you have awesome brain, don't take a long time to register where you'll to study aboard! I'm as scholarship hunter, have a recommendation to get much news about scholarship, you can like this community! So helpful! See you in next post!
Hello Friends!
