Why May Protectionist Policies Increase Rather Than Decrease During a Period of Increasing Globalisation?

Why may protectionist policies increase rather than decrease during a period of increasing globalisation? Some countries may decide to protect their domestic market during a period of increasing globalisation, especially if economy is in a fragile state at that moment. One way they could protect themselves from cheaper imported goods and services import restrictions. These can be tariffs, for example a tax, or quotas, which limit the goods and services produces abroad and sold domestically.Governments may decide to restrict imports for different reasons. For many countries, tariffs provide a significant source for government revenues and money from taxes could be used to develop the economy, to make the domestic market more competitive and also to protect industries at moments of decline or the infant industries which are not enough mature nor large to be able to compete with international businesses.Governments may use import restrictions to protect population’s health and sa fety, or they may even ban all imports of a particular good if it is seen as a threat for the consumers, for example Red Bull was banned in France due to its high caffeine content and some experts thought that it may be deadly in some situations. Import restrictions protect domestic industries, having a positive effect on employment, as decreasing imports and increasing domestic production also increases domestic employment.Fewer unemployed people would decrease poverty rates and would increase wealth of those who are in work. Lower unemployment would decrease the amount of money spent on benefits and government could use the money to spend elsewhere, for example on health, education, public goods which would therefore increase welfare ever more. Quotas would protect local industries from foreign imports that may be sold at a lower price in the domestic industry, as the foreign producers may engage in unfair trade practises, such as dumping imports at prices lower that the costs of production. Read also Analyze the Ways in Which British Imperial PoliciesThese protectionist policies are usually good for the domestic economy, however for the consumers they are definitely not. Consumers have to pay higher prices for the imported goods. These restrictions reduce competition and local businesses may increase their prices, while firms will benefit from higher profits, consumers will suffer from loss of welfare, due to higher prices and restricted consumer choice.Firms will no longer have incentives to become more productively efficient or to engage in research and development, it may encourage inefficient allocation of resources. In reality is much more complicated, because if one country will start to use protectionist policies, other countries are likely to respond and start using them too. This would reduce international trade, having a negative effect on economy, employment and wages.

Bank Practice and Management inclusive of ratios and graphs Essay

Bank Practice and Management inclusive of ratios and graphs - Essay Example The main objective of the bank during its incorporation was to support the growth of Malaya that had just gained independence by financing economic development and offering modern financial services to the people (Maybank 8). Over the decades, Maybank has continued with expansion and embraced innovation by offering diverse products to its customers and supporting Malaysian citizens who invested or were trading abroad. Presently, Maybank has emerged as the largest company based on market capitalization in the Bursa Malaysia and is also identified as a leading bank in the region. The bank is currently guided by its mission of offering â€Å"humanising financial services across† and its well articulated vision of becoming a leader in offering financial services in the region (Maybank 10). Overview of the Bank Activities Maybank offers a range of financial products including commercial banking, stock broking, investment banking, Islamic banking, trustee services, asset management and insurance. The banking group has several subsidiaries. The Malayan Banking Berhad is the listed entity and holding company of Maybank Group. Mayan Banking Berhad has branches in Malaysia, London, Singapore, New York, Bahrain and Hong Kong. Some of the international unit subsidiaries of Maybank include PT Bank Internasional Indonesia TBK (BII), Maybank Philippines Inc., and Maybank International L (Ltd) (Maybank 34). Furthermore, the major subsidiaries of the banking group are Maybank Islamic Berhad, Maybank Investment Bank Berhad and Etiqa Insurance Berhad. Maybank Investment Bank Berhad is fully owned subsidiary of the group and is the main investment branch of Maybank. Kim Eng Holdings Ltd is also wholly owned subsidiary of Maybank and is the â€Å"regional securities powerhouse†. Maybank Islamic Berhad is the biggest provider of Islamic financial services throughout the Asian Pacific region. The 100 percent owned subsidiary owned by Maybank is the 17th Islamic banking institution in term of compliance to Shariah assets (Maybank 55). Tbk is 97 percent owned by Maybank and offers financial services such as Consumer and Corporate Banking and SME/Commercial services. The associate companies of Maybank Group are the MCB Bank in Pakistan and An Binh Bank in Vietnam both of which the group has 20 percent stake. The group corporate structure of Maybank is subdivided into four main areas, that is, commercial banking insurance and investment banking. The commercial banking includes various subsidiaries of the bank either owned wholly or partly. Additionally the investment banking section consist subsidiaries such as Maybank Investment Bank, Maybank IB Holdings SDN among other ventures. The insurance section includes all the subsidiaries that offer insurance services to customers. When it comes to the organizational structure, Maybank is headed by a board of directors which is then supported in its activities by the Chief Audit Executive, Head of Compliance and the General Counsel and Company Secretary (Maybank 85). The next in the hierarchy is the president assisted by several deputies. The deputies are in charge of Community financial services, global wholesale banking and group financial services. Maybank Group has developed several strategic objectives to be achieved by 2015. These goals include becoming the number one retail financial

Smart Phones Essay Example | Topics and Well Written Essays - 250 words

Smart Phones - Essay Example Previous phones only had basic functions of calling, messaging and the use of the calculator. However, smart phones have the ability to visit internet pages and even make video phone calls. Another advantage of smart phones is the fact that it is convenient. The contemporary world is laden with different issues and having a smart phone is one very reputable thing. With a smart phone, looking for information on the internet is very simple and one has the ability to solve various issues instantaneously (Stafford, 2009). There are very many disadvantages with regard to smart phones and one of them is regarding the price of the gadgets (Chen, 2011). The price of normal mobile phones is very low but since the integration of smart phones, the prices have changed. The fact that these phones have many applications makes their prices higher than that of normal phones. Another disadvantage of the mobile phones is with regard to their sensitivity. Smart phones have the reputation of being very sensitive as compared to other normal mobile phones and this leads to their ease in breakage. It is critical to understand that despite the widespread positive regards for the smart phones, they are also very

Case study on Red Bull Essay Example | Topics and Well Written Essays - 2000 words

Case study on Red Bull - Essay Example Branding is about enabling people to identify a product from alternatives offered in the markets (Percy, 2003). â€Å"Brand equity is the creation of positive brand attitudes or service† (Schroeder et al, 2006). In other words, brand equity involves the creation of attitudes and perceptions that will enable a consumer to identify a product from alternatives offered by competitors. Although Red-Bull is a single product offering, it has been able to achieve brand equity across the world through its uniqueness and other factors that enable customers to identify it as unique and different from other soft drink and energy drink offerings on the market. In summary, its unique packaging (the blue, silver and red 250ml can) is famous around the world. Also, the unique content and effects on users is a very strong element of brand equity since it gives consumers a very positive physical, mental and health advantages that most competitors do not give. The Burnett model states that a bra nd equity has four main facades: personality image, source, differences and functions (Randall, 2000). In terms of personality image, customers around the world feel good about the health and mental alertness that Red Bull provides. They respect it as a premier energy drink because it does what a normal cup of coffee would do but with a very positive impact on the individual. Secondly, Red Bull seems to stand for good health, vitality and productivity and that is exactly how it is promoted and packaged as a revitaliser. Also, Red Bull was originally created to be different from all other soft and energy drink offerings on the market. Now that several similar products are available, Red Bull still maintains its distinct packaging and content which keeps it embedded in the mind of consumers. In spite of the universal nature of Red Bull's brand, there was the need for some variation in the brand offering in markets around the world. Dunn (2004) points out that there are six main proces ses that a business needs to go through before they can create brand equity and they are: 1. Market Analysis 2. Brand Architecture 3. Creation of a Strategic Branding Idea 4. Marketing Communication 5. Employee Involvement and 6. Measurement Market analysis involves scanning the dominant environmental factors in a country before offering your products in a country. For the case of Red Bull, the regulatory requirements, market penetration, presence of potential competitors and dominant culture played a major role in the establishment of the brand in Austria. This varied in other parts of Europe so their expansion into Europe required a high degree of analysis and understanding of the dominant culture. In growing from Europe to other markets around the world, Red Bull had to also understand the vital elements of these markets before they could move into them. Brand architecture involves the technical components of determining the brand's DNA (Dunn, 2004). Although the name, identity a nd character of Red Bull was sustained in most markets around the world, the vision, positioning, target market, emotions and pricing had to be varied based on the social, economic and cultural factors of the market they were entering. Thus we notice that the arrangements for entry into the UK market was quite different from that of the South African market because the political, economic and cultural structures of both countries required Red Bull to modify its brand penetration systems. I notice in page 79

Equal opportunities Essay Example | Topics and Well Written Essays - 1500 words

Equal opportunities - Essay Example bility on service providers to promote good gender equality policies and processes as opposed to leaving the responsibility to individuals to challenge discriminatory practice - practices that, wittingly or unwittingly, have continued 30 years after the introduction of the sex equality legalisation. Let us have a look at how different legislative bodies have enacted / enacting regulatory frameworks to improve the gender equality in work places: Greater London Authority Welsh Development Agency Scottish Executive City of Birmingham Council North West Region West Midlands Police Authority Greater London Authority (GLA) Gender equality in GLA has been clearly set out from the start, with important issues of the process already in motion. It is exceptional in that the organization doesn't suffer the history of disadvantage found in the many of public sector bodies, and can therefore work on gender equality can go ahead without the traditional constraints. The public duty on gender equality in GLA makes required arrangements with regard to the principle that there should be equality for all. Its strategy for equality for women attempts that the organisation reflects the entire local community at all strata. The mainstreaming of gender equality has been found to be considerably easier in a newly created public body with equalities as a dimension of officer responsibilities. The GLA advocates: * A common approach for performance indicators on equalities * Clear equalities targets to measure performance * Equalities indicators integrated into the best value process These recommendations have streamlined the policies and practices that have helped the GLA become an exemplary employer that reflects the equalities programme for the population of London. This is visible in all... Gender equality in GLA has been clearly set out from the start, with important issues of the process already in motion. It is exceptional in that the organization doesn't suffer the history of disadvantage found in the many of public sector bodies, and can therefore work on gender equality can go ahead without the traditional constraints. The public duty on gender equality in GLA makes required arrangements with regard to the principle that there should be equality for all. Its strategy for equality for women attempts that the organisation reflects the entire local community at all strata. The mainstreaming of gender equality has been found to be considerably easier in a newly created public body with equalities as a dimension of officer responsibilities. This is visible in all functional bodies that include the Metropolitan Police, London Transport, the Fire Service and the London Development Agency.

Personal essayapply to college Essay Example | Topics and Well Written Essays - 250 words

Personal essayapply to college - Essay Example I was excited for this job because when I was in China I didn’t have a job like this one. I liked this job. I had studied Traditional Chinese Painting and I thought I could do well. However, I realized I was wrong after I saw the students’ pictures which were so creative and imaginative. Those were not only pictures; instead, they contained in them interesting stories. For example, there was a cup in the middle and about the picture, a kid thought that was a gas station and cars got refueled from there. I wondered if I could ever think like that. The teacher told me, â€Å"We can, through practice, improve shapes of things we draw, but we cannot practice our creative and imaginative ability.† Now, let’s explain what creative imagination is. Researchers suggest that creative imagination is about creating an image in your mind about a task you want to achieve, and holding that image for a longer period of time till your unconscious and subconscious together start reprogramming the mental software that your subconscious holds by injecting their own suggestions and ideas. In other words, creative imagination allows a person to utilize the unconscious part of their brains to gain its power and combine it with their conscious mind. This includes different characteristics of thinking and this type of thought process encounters and solves a problem from many angles, many sides, many layers, and use different compositions to consider the issue, and look for answers. By not receiving the restrictions of present knowledge and not being restrained by traditional methods, the paths of thinking are open and spread. This is important because it is not a single solution, but a va riety of programs in a variety of ways to explore and to choose. This thinking is not intended to focus on finding old knowledge, nor is it to repeat the same old ideas, but instead it is about attention to the discovery of new things, new laws, new theories, new ideas, and to promote people

The terms Race and Ethnicity Essay Example for Free

The terms Race and Ethnicity Essay The terms Race and Ethnicity are vastly different in meaning. Regardless of their historical definitions which can be lengthy and tend to run off on many tangents. Race to me simply is based on physical characteristics. The color of ones skin, the bone structure, eye color and shape, or texture and color of ones hair. The physical makeup of a person determines their origin of race, for example Black, White or Asian. Race is simply our biological composition. Ethnicity on the other hand is based in culture, where a persons ancestry developed, their national origin being foremost and then their learned culture and background over time becomes ones ethnic makeup. Examples of this are Hispanic, German, Scottish, English, Mexican, or Jewish. For instance I am White but also German, Irish and Dutch and through my family history there are cultural traditions carried on in each generation that have become part of my ethnicity and make me unique but also group me with people from my -specific ethnic background. Ethnicity means sharing cultural similarities such as language, cuisines, dress and traditions that are part of a national culture. As far as the ways these concepts are important to the United States society, there are many, however not all of them are positive. These concepts are important to the United States society because people are recognized for the diversity of their race and culture as represented by each individual group. In my opinion race has been and is still used to determine power in our society and always brings separation by the ways in which its distributed. Classes are formed and people are either lifted to a higher level of class based on their skin color or race of origin and others are suppressed and disallowed to climb higher in society by the same racial definitions. I believe the biggest importance in our society regarding both race and ethnicity is the way people are treated regarding healthcare and the glaring class separation. Whole sections of people can be made to feel alienated or be made to feel inferior if society fails to bring diverse groups together as one mainstream society. Ethnicity as I have seen it has brought groups closer in society. People of diverse nationalities seem to stick together and celebrate their diversity in close knit groupings, gathering at holidays to share cultural traditions. Choosing cohabitation in neighborhoods of common nationalities and cultures, forming alliances with similar fellowships and even encouraging social activities within cultural groups. Everyone can learn from anothers culture and bring their own knowledge to the table to share with others. Our country was founded on diversity and the common understanding that we are all different and all deserve the same respect for our individual values. In order to ensure success in the future of our country we need to broaden our thinking and teach tolerance and appreciation for our differences.