High Budget Deficits Essay Example | Topics and Well Written Essays - 1500 words

High Budget Deficits - Essay Example Budget deficits, on the other hand, are the amounts in deficit of what the individuals spending, government or even a companies or corporations spending are short of the planned incomes from the entities sources. In another name, deficit spending may be the other terminology of budget deficits. Over the past years, budget deficits of countries, most so the developing countries, have attracted a lot of publicity. This has been majorly witnessed over the past two decades of which financial restructuring and turbulence have been witnessed (Associated Press 2010). The country where the impact is witnessed is attributable to the assorted financial ills bedeviling such countries; the countries base their expenditures from high debts due to extensive borrowing, high and ever growing rates of inflation and investment problems attributed to poor investment and their poor growth performance of such investments (Associated Press 2010). The poor government financial position, most so in regards to budgets, results to poor economic growth rates. The factors that fuel these rates are the poor growth of government revenues due to poor collection measures and tools. The budgeting process, which is not well structured, is also blamed for it in a major proportion. Others include the levels of economic development, which is low and unstable. World macroeconomic shocks, like the Great Depression and poor ways in which the government controls its expenditure, have in the past been witnessed to impact on the government financial position (Associated Press 2010). The methods used to finance any form of budget deficit will always result into an imbalance in one way or the other. For instance, if local borrowing is used, then the crowding out effect of the private investments occur leading to the collapse of the private firms which may even end up causing more harm to the economy. The budgeting process of most countries has so many loops and is, therefore, responsible for most countrie s budget deficits apart from the government participation in most economies and even the other factors as discussed above. According to reports, it is in record that budget deficits have several impacts on some economic sectors, such as private consumption, private investments, the T-bill rates, current account, and even money supply into the economy (BBC 2010). The aspects that the deficit has impact on as discussed above are major pillars for the measure of any economic growth of a country. Budget deficits have been recorded to reduce money supply into the economy; this majorly results when domestic borrowing is given an upper hand (BBC 2010). Intensified domestic borrowing may also lead to the collapse of private sector firms as a result of crowding out effect. I may, therefore, comfortably conclude that budget deficits in any economy are harmful to economic growth rates since they lower the growth rates. The causes of budget deficit are many and they include most major governmen t stakeholders (individuals, companies, and corporations) who evade taxation. It is in record that many US firms use the fair share of the infrastructure by the government but they don’t pay their fair share of the taxation; they use the roads, defense, grants and even emergency services (BBC 2010). Despite the companies making huge profits from the countries resources, they try as much as they could to evade

First of all its necessary to consider Hecksher and Ohlin theory Essay

First of all its necessary to consider Hecksher and Ohlin theory - Essay Example Countries have comparative advantage in those goods for which the required factors of production are relatively abundant. This is because the prices of goods are ultimately determined by the prices of their inputs. Goods that require inputs that are locally abundant will be cheaper to produce than those goods that require inputs that are locally scarce. For example, a country where capital and land are abundant but labor is scarce will have comparative advantage in goods that require lots of capital and land, but little labor - grains, for example. Since capital and land are abundant, their prices will be low. Those low prices will ensure that the price of the grain that they are used to produce will also be low - and thus attractive for both local consumption and export. Labor intensive goods on the other hand will be very expensive to produce since labor is scarce and its price is high. Therefore, the country is better off importing those goo The Ricardian model of comparative advantage has trade ultimately motivated by differences in labour productivity using different technologies. Heckscher and Ohlin didn't require production technology to vary between countries, so (in the interests of simplicity) the H-O model has identical production technology everywhere. ... The H-O model removed technology variations but introduced variable capital endowments, recreating endogenously the inter-country variation of labour productivity that Ricardo had imposed exogenously. With international variations in the capital endowment (i.e. infrastructure) and goods requiring different factor proportions, Ricardo's comparative advantage emerges as a profit-maximizing solution of capitalist's choices from within the model's equations. (The decision capital owners are faced with is between investments in differing production technologies: The H-O model assumes capital is privately held.) Original publication Bertil Ohlin published the book which first explained the theory in 1933. Although he wrote the book alone, Heckscher was credited as co-developer of the model, because of his earlier work on the problem, and because many of the ideas in the final model came from Ohlin's doctoral thesis, supervised by Heckscher. Interregional and International Trade itself was verbose, rather than being pared down to the mathematical, and appealed because of its new insights. [edit] The 2x2x2 model The original H-O model assumed that the only difference between countries was the relative abundances of labour and capital. The original Heckscher-Ohlin model contained two countries, and had two commodities that could be produced. Since there are two (homogeneous) factors of production this model is sometimes called the "222 model". The model has variable factor proportions between countries: Highly developed countries have a comparatively high ratio of capital to labour in relation to developing countries. This makes the developed country capital-abundant relative to the developing nation, and the developing nation

How to write a essay Essay Example for Free

How to write a essay Essay Getting into college could be as easy as memorizing the alphabet just like a preschooler. But, getting into college with a scholarship is a whole different thing. From the thousands of college applicants aiming for a scholarship, how will you make your essay application stand out? There are millions of essay examples over the internet but, you need to come up with an essay that will get you that scholarship. Tips on How to Write a Good Scholarship Essay: 1. Read instructions carefully College application can become a common thing for you. You might actually get the feeling of doing the same thing over and over like answering the same question for the nth number of times. No matter how similar college applications are, you have to read and understand the instructions well. If you want to land on a good school for college with a scholarship, everything starts with reading and comprehending the instructions. 2. Organize your thoughts After reading the instructions, it’s time to line up your thoughts to make an effective essay that will get you that scholarship. Look for essay samples on the internet or in books. Have a sort of survey from resources that will help you fill in the contents of your essay. It is difficult to start writing an essay, but with organized ideas, you can do it efficiently and effectively. 3. Make an outline When you get a general idea of the essay contents, you can now make an outline of specific details that will be included in your composition. Essay examples usually present general ideas down to the specific. Having an outline is very helpful to keep your essay consistent and focused on a particular topic. 4. Discuss every topic based on the instruction Paying attention to details or instructions is actually part of writing the essay for a scholarship application. Make sure that every topic asked in the essay questions is discussed in the whole composition. Remember that you only have one chance of writing an essay that will make a lasting impression on your college application. 5. Use simple language format and make sure your grammar is perfect Do not try to impress readers of your essay. Even if you are in college, you are not expected to use highfaluting words, but rather make your sentences simple and clear. No matter how technical your vocabulary is but poor grammar is an indication of a lousy essay. 6. Avoid bragging about your achievements Although it is important that you include your achievements as this will help your scholarship application, however you only need to do this if you are asked to do so. Avoid bragging, instead, talk about your achievements simply. It is also good to include the lessons you have learned in gaining such success. 7. Have someone edit and check your work To ensure that you are submitting an essay that will get you the scholarship, have an expert check your work. An editor or a previous professor can help you improve and validate how excellent or poor your essay is. Essay Writing First paragraph — Introduction The first paragraph is essential in capturing the attention of your readers. It is called an introduction as it gives an overview of what your essay is all about. The first paragraph should be similar to an â€Å"About Me† part of a reading material. Make it as simple as possible and dynamically connected to your next point. Second Paragraph – Important Details The second paragraph should support your introduction. This section includes more detail and usually the start of elaboration for every point or question. Say for example, state reasons why you should qualify for the scholarship; state your accomplishments; why are you choosing a particular course and the like. Third paragraph – Future Goals The third paragraph should speak of your future goals and your vision after pursuing a college degree. Goals have to be specific, and should reflect an action plan after your college graduation. Fourth paragraph – The Best Candidate End your essay by stating reasons why you are the best candidate to be chosen for the scholarship. State two to three main points from the previous paragraphs. Do not forget to note your appreciation for the readers of your essay for taking the time to read your essay. Composing your ideas and putting them in writing is never easy. It can be stressful and puts on a lot of pressure, especially when your future depends on this essay for a scholarship grant. There are many essay examples you can find on the web today.

Video Game Violence Essay -- Legal Issues, Violent Video Games

â€Å"Video Game Violence Does Not Cause Violent Tendencies† An In-Depth Look at Video Game Violence and its Positives Effects â€Å"On Tuesday, November 2, while the rest of the country was voting, the Supreme Court of the United States heard oral arguments in Schwarzenegger v. EMA, the landmark case in which the state of California is petitioning for the re-instatement of a California law banning the sale of deviant or morbid violent video games to minors† (Macris). This case is a current example of the opponents of video games trying to prove video games are a bad influence on children and teenagers. Violent video game opponents have always tried to disprove the positive effects of video games. They also have been known to make up and mislead with tales of terrible side effects. This essay will prove to the reader that many of these various statements against video games and their creators are false. Contrary to opposition arguments, video games actually present benefits to gamers by reducing stress, providing entertainment, and helping to develop motivation that could not otherwise be achieved through conventional means. This essay will attempt to prove, that statements made regarding the inappropriateness of video games are untrue. The advantage of playing video games can be proven in their ability to enhance learning, hand-eye coordination, and this in turn can enable children and teenagers to do better in school. Violent video games can help overcome anxiety by providing entertainment without leaving the house, taking everyday stresses out on the characters in the game instead of real life, takes the adolescent’s minds off worries and stress of the outside world, and encourages children to stay out of trouble. Video games c... ... methodologies and the intrusion of ideology and scientific dogma† (Ferguson 11). Violent Video Games do not cause increased violent tendencies in youth and adolescents due to the fact violent video games have been around for years and in those years violence caused by teens have actually been dropping rather than increasing. Also, violent video games have been shown through research that the negatives are highly outweighed by the positives. Also, with the introduction of interactive gaming there are a new range of possibilities for violent video games. Such as sending a message to children about healthy activities by getting them off of the couch. So hopefully in five years violent video games will have moved to full interactive gaming so that it looks more real-life, but more importantly that it will still be a form of media that helps to relive personal stress. Video Game Violence Essay -- Legal Issues, Violent Video Games â€Å"Video Game Violence Does Not Cause Violent Tendencies† An In-Depth Look at Video Game Violence and its Positives Effects â€Å"On Tuesday, November 2, while the rest of the country was voting, the Supreme Court of the United States heard oral arguments in Schwarzenegger v. EMA, the landmark case in which the state of California is petitioning for the re-instatement of a California law banning the sale of deviant or morbid violent video games to minors† (Macris). This case is a current example of the opponents of video games trying to prove video games are a bad influence on children and teenagers. Violent video game opponents have always tried to disprove the positive effects of video games. They also have been known to make up and mislead with tales of terrible side effects. This essay will prove to the reader that many of these various statements against video games and their creators are false. Contrary to opposition arguments, video games actually present benefits to gamers by reducing stress, providing entertainment, and helping to develop motivation that could not otherwise be achieved through conventional means. This essay will attempt to prove, that statements made regarding the inappropriateness of video games are untrue. The advantage of playing video games can be proven in their ability to enhance learning, hand-eye coordination, and this in turn can enable children and teenagers to do better in school. Violent video games can help overcome anxiety by providing entertainment without leaving the house, taking everyday stresses out on the characters in the game instead of real life, takes the adolescent’s minds off worries and stress of the outside world, and encourages children to stay out of trouble. Video games c... ... methodologies and the intrusion of ideology and scientific dogma† (Ferguson 11). Violent Video Games do not cause increased violent tendencies in youth and adolescents due to the fact violent video games have been around for years and in those years violence caused by teens have actually been dropping rather than increasing. Also, violent video games have been shown through research that the negatives are highly outweighed by the positives. Also, with the introduction of interactive gaming there are a new range of possibilities for violent video games. Such as sending a message to children about healthy activities by getting them off of the couch. So hopefully in five years violent video games will have moved to full interactive gaming so that it looks more real-life, but more importantly that it will still be a form of media that helps to relive personal stress.

China Global Imbalances, Reserve Currency and Global Economic

Global imbalances, Reserve currency, and Global economic governance The accepted hypotheses for the root cause of global economic imbalances are: 1)East Asian economies’ export-led growth: recently the integration with international markets leads to an import and export expansion making the trade surpluses in EA dramatically increase. It had a great success in EA producing higher living standards and poverty rates declining. This cannot be the main cause for the emergence of large global imbalances in 2000 and thereafter since before 2000 EA economies’ TB were roughly balances. )Self-insurance motivation for foreign currency reserve accumulation: after the financial crises in the late 1990s, emerging market economies in EA increased their CA surpluses substantially, and they experienced rising international reserves. After 2005 Chinese surpluses and reserves are too large to be justified by the self-insurance motivation. 3)China’s exchange rate policy: the g. i. started to grow in 2002 and China has been accused of causing the imbalance sustaining a large undervaluation of its real exchange rate since 2003, but it is not true because: †¢China trade surplus did not become large until 2005 RMB appreciated against US$ by 20% in 2005-2008 but the global imbalances continued to grow †¢Most other developing countries also increased their CA surpluses in the same period (if exchange rate was the cause, the other countries that compete with China would have experience declining trade surpluses and reserves) >The need for an alternative hypothesis: these hypotheses imply that the EA economies are driving the g. i. but is not consistent with the basic statistics.While the US trade deficits with China did increase substantially, the share of the US trade deficit due to EA economies as a region actually declined significantly. The three hypotheses surely contributed but they cannot be the main cause of the global imbalances. >An alternative h ypothesis consistent with the data: it views the g. i. as a result of the status of the US $ as the major global reserve currency, combined with: †¢The lack of appropriate financial sector regulation due to deregulation in the 1980s. The federal reserve’s low interest rate policy following the burst of the â€Å"dotcom† bubble in 2001. These policy changes led to excessive risk-taking and higher leverage, producing excess liquidity and â€Å"bubbles† in the US markets, which enabled the US overconsumption that increased the US CA deficit. As China had become the major producer of labor-intensive processed consumer goods by 2000, the US ran a large deficit with China, which ran trade deficits with the EA economies that provided intermediate products to China.The excess liquidity also led to the large outflow of capital to developing countries, which enhance their investment and consequently in large trade surpluses in capital-goods exporting countries and na tural resources exporting countries. Since the US is the reserve currency issuing country, the foreign reserves accumulated through trade/capital account surpluses in other countries would return to the US leading to the US CA surplus. >Why did China stand out in the global imbalances? : the large CA surplus in China reflects high domestic savings.There are several commonly accepted hypotheses about China’s high households saving rate: such as the lack of well-developed social safety net and the demographics of an aging population. But the uniqueness of China’s savings is the large share of corporate savings, which are driven by the excessive concentration of the financial system that serves the big firms, low taxation on natural resources, and monopolies in some sectors. Reforms are required for removing these distortions and increasing consumption. The role of the reserve currency in global imbalances: the status of the $ as the major global reserve currency, combine d with the financial deregulation of the 1980s and the low interest rate policy of the 2000s, led to the emergence of global imbalances. To prevent their recurrence, the ultimate solution is to replace national currencies as global reserve currencies with a new global currency, but US is unlikely to give up its reserve-issuing privilege to a global body (IMF).A more likely scenario is the emergence of a basket of reserve currencies with some changes in the basket’s consumption and weights. >A win-win solution for the global recovery: the most urgent challenges are high unemployment and the large excess capacity in high-income industrialized countries. Win-win solutions for the global recovery and long-term growth could be based on new international financial arrangements along with structural reforms in both high-income and developing countries.On the financial front it could be created a global recovery fund (supported by hard-currency countries and large-reserve countries a nd managed by multilateral development banks) to finance investments to release bottlenecks and enhance productivity in developing countries. These investments would increase the demand for capital goods produced in high-income countries, reduce their unemployment now, and enhance the developing countries’ growth in the future. The fund could be complemented by structural reforms in high-income and developing countries to create space for investment and to improve the efficiency of investment.

My Family My Dad - 960 Words

Both my parents were born in Burundi. My dad is from in a place call Mucibitoke, and my Mom is from Bujumbura. My parents got together when they were young. But however, they didn’t get married till two years ago. My mom started living with my dad when she was 15 years old, and they are ten years apart. After getting together in mid 70, the genocide breaks up in Burundi. That’s when they fled the country and went in Rwanda where they live for more than ten years. Then, they started having children. My parents had total of 10 children but 2 first born passed away. Both my parents are Christians, and both my uncles and cousins as far as I know. Growing up, I understood what it meant to be a fallow of Christ; I grew up depending on God in all. My mom has been influenced me in a lots positive way. In everything she ever done, she did them to the glory of God. Example, when my mom is about to consume food, she prays, thank God and ask for blessings every time. When she is do ne, she does the same thing. Whether is getting in a vehicle or getting out, God must be first. Sleeping or woken up, God must come first. Growing seeing all this things really tough me well. I knew God is in central of all things. Whether is in school or outside of the school, my mom told me that God comes first before everything. I am now proud to say that I found it true. In 1 Corinthians 10:31 says, â€Å"So whether you eat or drink or whatever you do, do it all for the glory of God.† Although my momShow MoreRelatedMy Family Is My Dad896 Words   |  4 Pages Within my family there is my dad, my mom, my older brother Michael, my younger brother Evan, and I. Michael was the first child, my parents full of hope for him, and was set out to be the prodigal son. However, as most first children went my parents were totally new to children so they had a few hiccups. He eventually grew to the point where he couldn t be changed. My parents already thought of this and had me. W hereas Michael was a easy baby and child presenting few problems, probably why theyRead MoreMy Family, My Dad Essay2554 Words   |  11 PagesMy immediate family is rather small, it consists of my Dad age 55, my Mom age 60 and myself age 21. All three of us are Caucasian. My Mom and Dad got married when they were much older, and they did not have me until they were 40 years of age. They are a little more traditional and they each take on their own roles in the family along with myself. My mother works Monday to Friday however she is the one who cooks the meals every evening, the one who cleans the house, does laundry and does the groceryRead MoreMy Family : My Dad867 Words   |  4 Pages My family isnt perfect. We argue, we fight, we even stop talking to each other at times, but in the end my family is my family. The love will always be there. Me and my family have always had our ups and downs. Even though we all struggle, I’ll always need them in my life. It took a while to realize that. Growing up in my house and neighborhood was hard. My mom has six kids, including me. My mom is a very strong and powerful minded woman. She inspires me so much. She got to where sheRead MoreMy Family : My Dad888 Words   |  4 Pagesparents who raised me were not my biological parents. I clearly remember the day that my aunt reveled the story how become her child. The story begun with her intellectual and revolutionary younger brother decided to become the president of Ethiopian Airlines Labor Union, who stood against the military dictatorship Ethiopian government. My dad was one of the leaders who coordinated a peaceful declaration for strike asking the government to give the power to the people. My dad, became the one of the mostRead MoreA Report On My Family And My Dad1311 Words   |  6 PagesMy family and I spent our Sunday afternoon at the Columbia store in the outlet mall, shopping for sun-deflecting shirts for my dad. He never needed special UV protection shirts until now, until he started chemo. The doctor warned him to protect himself from the sun as much as possible. I didn’t even know UV protection shirts existed until I saw tons of them hanging up on display. My sister and I, being the more fashion friendly in the family, picked out a few shirts for my dad. He didn’t really careRead MoreMy Family : My Father s Dad1299 Words   |  6 PagesI only know my history through pictures of what I have seen. The only picture that I did not know was my father’s dad. My father’s dad pasted away before I was born. My mom as a kid went to church and so did my aunt. I haven’t really been in a church other than Christmas and Easter or when I used to visit my Aunt Karen. But she passed away too soon. Most are from family members I know. I grew up really close to my family. They helped me be who I am today because of how we interacted together andRead MorePersonal Narrative : My Dad And My Family1467 Words   |  6 PagesMy Own D.D.D. My dad and I had a pretty good relationship with each other. We even set up days that we would have a Daddy Daughter Date. I loved to go to those dates with him. We would get all dressed up, me in a fancy dress and him be in a suit and tie. We would always go to a sushi restaurant, because that is the type of food that I loved to eat the most then. He didn’t like sushi as much as me, but for me, he would take us there, every time. After we ate a very fancy dinner, we would hop backRead MoreMy Favorite Vacation Of My Dads Family : My Dad718 Words   |  3 Pagesthere is always one that stands out as my favorite. That vacation was my annual Tafel family beach vacation. This is when everyone from my dad’s family who is one of six rents four separate houses in Stone Harbor New Jersey. 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My dad was the only person that could make me laugh when I was feeling down. My dad was that person who had so much love for his family. My dad was the person who I could call and hed always pick u p. My dad was the person who would drop everything just to help me. My dad was the biggest hero in my life and to this day, still is. My dad has always been my biggest motivator and the reason for growing up the way I did. We had

Da Vinci A Man Of Science - 1608 Words

Leonardo Da Vinci was a man well known for his amazing artwork but not many know that he was also a man of science. Da Vinci was not just an artist he was also an architect, inventor, a naturalist, geologist, an engineer, and an anatomist. He was given the name â€Å"Renaissance man† because of his intellect. Da Vinci was born in Anchiano, Tuscany (which today is known as Italy) on April 15, 1452 until his death on May 2, 1519. When Da Vinci was young his parents were never married to one another. His mother, Caterina Da Vinci was a pheasant while his father, Piero Fruosino di Antonio da Vinci was an attorney and notary. He was the only child the two had together. In Da Vinci’s early career he was never given the proper basic education so by†¦show more content†¦Paintings he made were very precise in detail because he took great pride into getting the landscapes, rocks, etc. to look just right so he never wanted to miss anything. Da Vinci thought that the most powerful force in nature was the movement of water, especially rivers. To Da Vinci, water is a very significant resource that has sculpted landscapes to create its astonishing features over long periods of time (Jones, 2011). He went walking out atop the appellation mountains and what he saw made him surprised because he saw complete beauty in the geographical detail. And that wasn’t all that captured his attention up on the mountains; so did the remains of fossilized prehistoric sea creatures (Birx, n.d.). Fossils caught the attention of Da Vinci because when he first witnessed them he wondered how it was possible for forces on earth to be able to create such a rock. He then realized that what these rocks contained were actually once living organisms that used to swim in the prehistoric sea. Confirmation of this discovery came from one of his secret journals called the Codex Leicester in which he wrote in, between 1504 and 1510. Da Vinci figured out the truth behind fossils due to the fact that the body of the fossil showed evidence of the organisms’ activity. What he did to prove his finding was to use what he already knew about living animals and plug them in to confirm what he learned or was learning about fossils. The