Narrative Feeling Essay

1. Identify three quotes from the dialogue that show how Bryce progressed in ethically identifying his emotions. The first quote from the dialogue shows how Bryce progressed in ethically identifying his emotions is â€Å"After a year of applying, interviewing, jumping through all the hoops, I finally realized nothing I did mattered. I just couldn’t take another rejection. The bottom line is, no one wants me.† The second quote that shows how Bryce progressed in ethically identifying his emotions is â€Å"I don’t know. I think they might leave me. We’ve run through our savings. We’re behind on the mortgage. I’m going to lose everything. I feel bad, but I can’t do anything about it.† The third quote that shows how Bryce progressed in ethically identifying his emotions is â€Å"Really? What did you do? I mean, I know you moved away.† See more: how to start a narrative essay 2. Identify and explain, using concepts from the text, at least one example of an obstacle to communicating emotions in the situation.  One example of an obstacle to communicating emotions in the situation is self-protection. Bryce stated that he hasn’t want to talk to anyone in a while which can be an indication that he may not want to express his feelings, in fear of others having information that could affect how they perceive or act towards him. (Wood, 178) 3. Identify and explain at least two examples of irrational beliefs that Bryce holds. Two examples of irrational beliefs that Bryce holds from the dialogue would be when he states â€Å"The bottom line is, no one wants me.† And â€Å"I feel bad, but I can’t do anything about it.† I feel that these beliefs are irrational because they are not true, though Bryce believes they are. He feels that no one wants him, but the case may be that someone else may have been a better fit for the position instead of him. This does not mean that he was not just as qualified as the next applicant. Bryce stated that he stopped looking for jobs about 6 months ago, but if he would have remained dedicated, he may have run into a job by then. He stated that he can’t do anything about this but truthfully, he could have still continued to search for jobs instead of sitting back and doing nothing. 4. Explain, using concepts from the text, how Bryce could use surface acting and deep acting to better align his emotions and behavior with the needs of his job search. Even though Bryce feels that finding employment is hopeless, his body language and facial  expressions will definitely show that. Bryce needs to learn how to effectively control his outward appearance because it will benefit his job search. A positive attitude always helps gain desired results. Showing an outward appearance of drive and determination to gain employment will be more beneficial than his defeated attitude. Bryce could also align his emotions and behavior with the needs of his job search by controlling his feelings of hopelessness and defeat. He should learn that by possessing these feelings, he is already lessening his chances to produce the desired results that he is looking for. 5. Based on the textbook’s guidelines for communicating emotions effectively (p.182– 187), identify and explain at least three ethical strategies Bryce could use to improve his interpersonal communication in this situation. One strategy that Bryce could use to improve his interpersonal communication in this situation is identifying his emotions. The text states that â€Å"recognizing the existence of both feelings allows you to tune in to yourself and to communicate accurately to others what you are experiencing.† (Wood, 182) Bryce needs to separate his feelings of hopelessness and the fact that he feels that no one wants him. Another strategy that he can use is choosing whether or how to express emotions. Bryce seems to be very erratic when it comes to his feelings toward finding a job. Once he can actually determine where his frustration lies and not let it consume and discourage him, he can then decide to or not to communicate his emotions in order to keep them private. Lastly, he can also use the strategy of monitoring self-talk. This would be very helpful to Bryce because he can talk himself into having a more positive outlook regarding his job search, He won’t feel so low when he is turned down for a job opportunity because he will have coached himself to keep searching and continue his drive. Wood, J. (2012). Interpersonal communication: Everyday encounters. Boston, MA: Wadsworth.

Types of Entrepreneurship

Types of Entrepreneurship and Economic Growth DOI:10. 1093/acprof:oso/9780199596515. 003. 0004 Abstract and Keywords This chapter is an empirical exploration of types of entrepreneurship and their impact on economic growth in developing and transition countries. It relates indicators of entrepreneurship to average rates of economic growth in the period 2002–5. For this the chapter utilizes a dataset on entrepreneurship in thirty? six countries from the Global Enterprise Monitor (GEM), collected in 2002.It finds that indicators of young business activity have a significant impact on growth in high? income countries and transition countries, but not in developing countries. The chapter explains the lack of significant effects in developing countries by pointing to the lack of complementary physical and human capital and the scarcity of larger companies that can act as a training ground for SMEs. Keywords:  Ã‚  Ã‚  entrepreneurship,  growth? oriented entrepreneurship,  econ omic growth,  global entrepreneurship monitor 4. 1  IntroductionEntrepreneurship has long been considered a crucial mechanism of economic development (Schumpeter  1934; Landes  1998). However, empirical studies on the role of entrepreneurship in economic growth show mixed evidence (Stam  2008). This is not remarkable because there is much heterogeneity in both the kinds of entrepreneurship and the kinds of economic contexts in which economic growth takes place. Until now studies have not sufficiently accounted for this heterogeneity on the micro- and macro-level, which limits our insight into the contingent role of entrepreneurship in economic growth.Important questions in this respect are: ‘How does the role of entrepreneurship differ between high-income, transition, and medium-income countries? ’, and ‘What kinds of entrepreneurship are most crucial for economic growth? ’. The objective of this chapter is to provide insights into the role of dif ferent types of entrepreneurship in economic growth, and on how this role differs in poor and rich economies. In this chapter, we empirically investigate the effect of entrepreneurship on economic growth at the country-level.We use data from the Global Entrepreneurship Monitor (GEM), which provides comparative data on entrepreneurship from a wide range of countries. An important element of this chapter is that we compare the effects of entrepreneurial activity on economic growth in high-income countries, transition countries (China, Hungary, Poland, Russia, and Slovenia), and medium-income countries (Argentina, Brazil, Chile, India, Mexico, South Africa, and Thailand). This dataset also enables us to make a distinction between the effects of entrepreneurship in general and  (p. 9 )growth-oriented entrepreneurship in particular. We present empirical tests of the impact of entrepreneurial activity on GDP growth over a four-year period for a sample of 36 countries. Our empirical anal yses suggest that entrepreneurship does not have an effect on economic growth in medium-income countries, in contrast to transition and high-income countries where especially growth-oriented entrepreneurship seems to contribute strongly to macroeconomic growth. 4. 2  Entrepreneurship and economic development Development is a broad concept entailing the raising of human capabilities (Sen  1999).One of the central challenges in improving economic development is to increase the standards of living for individuals and growth of the economy as a whole. Even though economic growth in itself is a rather narrow target, it is probably one of the most important targets for development policies. It is also one of the measures that is most easy to access for analysts, and probably the best measure to make cross-national (Barro  1991; Sala-i-Martin  1997) and historical (Maddison  2001) analyses of the development of economies.Traditionally the economic output of a country is seen as a function of capital and labour inputs, combined with technical change (Solow  1957). Of course, conflicts and wars might interrupt this function (Sala-i-Martin  1997), but these are ‘just’ contingencies. The standard production function used shows that economic output (Y) is a function of the sum of labour and capital inputs, and the level of technological knowledge (i. e. productivity). This means that economic growth—the growth of economic output—is a function of the growth of labour and capital inputs and technological progress.In traditional models of economic growth investment in capital, labour, and technology is sufficient to realize economic growth. New models of economic growth see these investments as a necessary complement to entrepreneurship/innovation, but not as a sufficient explanation for economic growth in its own right (Nelson and Pack  1999). One could even argue that high rates of investment in human and physical capital are them selves stimulated by effective innovation, and cannot be maintained in the absence of innovation.Recent studies emphasize entrepreneurship as a driver of economic development and some authors include entrepreneurship as a fourth production factor in the macroeconomic production function (Audretsch and Keilbach  2004). Entrepreneurship is the factor that creates wealth by combining existing production factors in new ways. Entrepreneurs experiment with new combinations of which the outcomes are uncertain, but in order to make progress, many new variations have to be tried in order to find out which ones will  (p. 80 )  improve (economic) life (Rosenberg and Birdzell  1986).Other authors have argued that entrepreneurship will only unlock economic development if a proper institutional setting is in place (Baumol  1990; Boettke and Coyne  2003; Powell  2008). This institutional setting comprises informal as well as formal institutions (North  1990). An essential formal in stitution for welfare enhancing entrepreneurship is property rights. Insecure property rights have been an important constraint on the investments by entrepreneurs in transition countries, even more so than capital market constraints (Johnson, McMillan, and Woodruff  2000).A specific example regarding property rights is the fact that until 1988 private firms with more than seven workers were not even allowed to operate legally in China (Dorn  2008). One might say that the production factors capital, labour, technology, and entrepreneurship are the proximate causes of economic development, while institutions are a fundamental cause of economic development (Acemoglu, Johnson, and Robinson  2004). Next to productivity growth and technological change in established sectors, the development process in less advanced countries is largely about structural change (Gries and Naude  2010; Nelson and Pack1999; Rodrik  2007).It is a process in which an economy finds out—self-dis covers—what it can be good at producing, out of the many products that already exist. The role of entrepreneurs in developing countries does not equal innovation and R&D as commonly understood in advanced economies. Their role is to discover that a certain good, already well-established in world markets, can be produced at home at low cost (Hausmann and Rodrik  2003; Rodrik  2007).   Examples of this are the entrepreneurs that figured out that Bangladesh was good in the production of T-shirts, Colombia in cut flowers, India in software services, and Taiwan in bicycles and display technologies. Even if entrepreneurs cannot appropriate all these gains for themselves, their discoveries generate large social gains for their economies. Spurring entrepreneurs to invest in their home economy is said to be one of the most important aspects of stimulating growth in poor countries (Rodrik  2007). Investing refers here to innovation (e. g. mploying new technology, producing new products, searching for new markets) and expanding capacity. These investments trigger the combination of capital investment and technological change. In advanced capitalist economies, innovation and structural change take place through the combined efforts of small (independent inventors) and large innovative (organized R&D) firms, which complement each other in changing the economy (Nooteboom  1994; Baumol  2002). In developing countries the role of large firms is relatively small (Ghoshal, Hahn, and Moran  1999).In transition countries there are relatively many large organizations but these are largely in a process of restructuring and dismantling. This means that  (p. 81 )  small firms will be the prime movers in the process of structural change in developing and transition economies. We expect that the level of growth-oriented entrepreneurship in a country is a more relevant driver of economic growth than the mostly used indicators of entrepreneurship like self-employ ment and new firm formation.In contrast to rich countries, entrepreneurship in medium-income countries is mainly driven by necessity (Bosma et al. 2008). 2  Most entrepreneurs in these economies do not start a firm because they desire independence or because they want to increase their income as compared to being an employee, which are the dominant motives in rich countries. Most new businesses in medium-income countries are started out of necessity, in contrast to high-income countries, where entrepreneurship is most often opportunity-driven.This is reflected in the finding that in poor countries self-employed persons are less happy than employees, while the reverse is true in high-income countries (Blanchflower and Oswald  1998; Graham  2005). Entrepreneurs in medium-income countries most often start a business because they have no other way of earning a living. These entrepreneurs are not likely to be involved in a process of self-discovery; their actions are not likely to have an effect on the restructuring and diversification of the poor economies (Rodrik  2007). . 3  Data and research methods It is generally acknowledged that there are differences in the distribution of entrepreneurship across countries. Studies exploring differences in entrepreneurship across countries often focus on the incidence of new firm registration or self-employment, which may not be reliable indicators when applied to transition and developing countries with significant informal economies and fewer alternatives to self-employment.For these reasons we have used the Young Business (YB) indicator, defined as the percentage of adult population that is the owner/manager of a business that is less than 42 months old. Many studies have used the total entrepreneurial activity index, but that also includes the more speculative category of nascent entrepreneurs (individuals preparing a new business). In the current study we investigate whether the presence of growth-oriented en trepreneurs is a more important determinant of national economic growth than entrepreneurial activity in general.We will perform regression analyses with the YB  high-growth expectation  rate and the YB  medium-growth expectation  rate as independent variables and compare their impact on economic growth with the impact of the general YB index. The data and model used in this study are described below. We use a sample of 36 countries participating in the GEM in 2002. Data on six basic variables are used in our model: YB rate, YB medium-growth, YB  (p. 82 )  high-growth, growth of GDP, per capita income, and the growth competitiveness index (GCI). YB indexYB is defined as the percentage of adult population that is owner/manager of a business that is less than 42 months old. The YB high-(medium) growth expectation rate is defined as the percentage of adult population that is owner/manager of a business that is less than 42 months old,  and expects to employ 20 (six) emplo yees or more within five years  (YB6 and YB20). The YB medium-growth rate has some similarity to the entrepreneurship indicator used by Djankov et al. (2006), which includes owner-managers of a business with five or more employees. Data on the YB rate are taken from the GEM Adult Population Survey for 2002.Growth of GDP (? GDP) (Real) GDP growth rates are taken from the IMF World Economic Outlook database of the International Monetary Fund from September 2005. In equations (1) and (2) below variable ? GDPit  refers to the period 2002–5 (average annual growth) while the lagged GDP growth variable (? GDPi,t-1) refers to the period 1998–2001. Per capita income (GNIC) Most studies on GDP growth include the initial level of income in their analysis and find it to be significant (the conditional convergence effect, cf. Abramovitz  1986). Gross national income per capita 2001 is expressed in (thousands of) PPP dollars.These data are taken from the 2002 World Development Indicators database of the World Bank. Growth Competitiveness Index (GCI) In order to cover some aspects of the state of technology and institutions in a country (see Section  4. 2) we used the GCI for the year 2001 of the World Economic Forum (see McArthur and Sachs  2002). Given the low number of observations we are forced to use a combined index in our model. Even though there are huge problems in measuring technological capabilities and institutions (see Lall2001), the composite GCI is probably the best combined index available that covers these two factors simultaneously. p. 83 )  We investigate whether (growth-oriented) entrepreneurship may be considered as a determinant of economic growth, alongside the well-known determinants technology, institutions, and the macroeconomic environment, which are captured by the GCI. As both entrepreneurship and the factors underlying the GCI are assumed to be structural characteristics of an economy, we do not want to explain short-te rm economic growth but rather growth in the medium-term. Therefore we choose average annual growth over a period of four years (2002–5) as the dependent variable in this study.Following van Stel, Carree, and Thurik (2005), we use (the log of) initial income-level of countries to correct for catch-up effects, and lagged growth of GDP to correct for reversed causality effects, as additional control variables. 3 We allow for the possibility of different effects for high-income, transition, and medium-income countries. In addition we also test whether the effect of YB is different for transition countries. 4  YB rates may reflect different types of entrepreneurs in countries with different development levels, implying different impacts on growth.This is tested by defining separate YB variables for different groups of countries (high-income, transition, and medium-income countries). Our model is represented by equations (1) and (2). These equations are estimated separately by or dinary least squares. The expectation that growth-oriented YBs contribute more to national economic growth than YBs in general corresponds to b2  (c2) being larger than b1  (c1). In these equations sub-scripts t and t-1 loosely indicate that the independent variables are measured prior to the dependent variable.The exact years and periods for which the variables are measured can be found in the variable description above. ?GDPit=a+b1YBrichi,t? 1+c1YBtransitioni,t? 1+d1YBpoori,t? 1 +e? log(GNICi,t? 1)+f? GCIi,t? 1+g GDPi,t? 1+? it (1) ?GDPit=a+b2YB_high-growthrichi,t? 1+c2YB_high-growthtransitioni,t? 1+d2YB_high-growthpoori,t? 1+e? log(GNICi,t? 1)+f? GCIi,t? 1+g GDPi,t? 1+? it (2) To illustrate the data at hand, Table  4. 1  provides the YB rates and the YB medium- and high-growth rates in 2002 as well as the average annual growth rates of GDP over the period 2002–5.From Table  4. 1  and Figures  4. 1  and  4. 2  it can be seen that the ranking of countries in terms of YB or YB high-growth may be quite different. For instance, while China ranks fifth in terms of YB, it ranks first in terms of  (p. 84 ) Table 4. 1 Young business rates (2002) and GDP growth rates for 36 countrieshigh-growth YB. In contrast, Thailand ranks third in terms of YB, but only tenth in terms of high-growth YB. Figure 4. 1  Young business rates Figure 4. 2  Young business 20 rates Figure 4. 3  Correlation of young business rates and GDP growth rates Figure 4.   Correlation of high growth-oriented young business rates (20+) and GDP growth rates When we regress the rate of GDP growth on the YB rate and the YB20 rate, the YB20 rate reveals to have a stronger correlation with GDP growth (see Figures  4. 3  and  4. 4). (p. 85 )(p. 86 ) 4. 4  Entrepreneurship and national economic growth 4. 4. 1  Regression analyses The results of our empirical exercises are in Table  4. 2. Model I presents the regression results of the impact of the general YB i ndex (see equation (1)), while Models II and III show the results using the YB6 and YB20 rates as main independent variables (see equation (2)).The results presented in Table  4. 2  show that the impact of entrepreneurial activity is significantly positive for rich countries, but effectively zero for poor countries. The presence of growth-oriented entrepreneurs seems to be more important for achieving GDP growth than general entrepreneurship. Comparing the coefficients of the various YB rates, we see that the impact of YB6 is greater when compared to the impact of YB in general. Meanwhile the impact of YB20 is even greater, but not always statistically significant. Having more growth-oriented entrepreneurs seems to be particularly important in transition countries.Both the magnitude and the statistical significance of the estimated coefficient point to a stronger impact compared to high-income or medium-income countries. There are many reasons that could(p. 87 ) Table 4. 2 Regre ssion models average annual growth of GDP over the period 2002–5 (N=36)explain the importance of growth-oriented entrepreneurs in transition countries (Smallbone and Welter  2006). First, there are many entrepreneurial opportunities in formerly state-dominated sectors. Second, many highly qualified individuals lost their jobs at state-financed organizations (e. . universities, enterprises, government services). Third, there are many highly qualified (potential) entrepreneurs in these countries (especially in Eastern European countries), who do not face the opportunity costs of working for large public or private organizations. Fourth, those highly qualified (potential) entrepreneurs are also well connected to the power networks that were, and to a large extent still are, important in the political and economic arena of these countries, which takes away some barriers for high-growth firms in these countries.Summarizing, it may be argued that in transition economies high-grow th opportunities are more widely available and hence, a higher number of growth-oriented entrepreneurs willing to act on these opportunities may be particularly fruitful for achieving growth in these countries. However, we should be aware of the large diversity in the group of transition countries, which comprises countries like Russia and China, as well as Hungary and Slovenia. (p. 88 )  Our regression results should be interpreted with care as the analysis is based on a limited number of observations (36 countries).As a test of robustness we estimated the models leaving out one country at a time, i. e. we computed 36 auxiliary regressions, where each regression uses 35 observations (each time leaving one of the 36 countries out). Although t-values sometimes dropped a little, coefficients and t-values were generally in line with those reported in Table  4. 2. The country that matters the most for the results obtained in Table  4. 2  is China. This is not surprising as China combines high YB/YB6/YB20 rates with high GDP growth rates (see Table  4. 1). When leaving this country out of the sample, the coefficient (t-value) for the transition countries is 0. 2 (0. 5) for the YB rate, 1. 47 (1. 2) for the YB6 rate, and 1. 72 (1. 1) for the YB20 rate. The low t-values are in part due to the low number of observations. Note, however, that the coefficients are very similar to the full sample estimates reported in Table  4. 2. Furthermore, the Jarque–Bera test on the normality of disturbances is passed for all models reported in Table  4. 2, indicating that it is not necessary to remove individual country observations. Therefore we feel that our results are quite robust to the potential influence of outliers.Nevertheless, given the low number of observations, the results should only be seen as a first illustration of how the impact of different types of entrepreneurship may differ between groups of countries with different levels of development. 4 . 4. 2  Medium-income countries Within the groups of transition and developing economies there are substantial differences in entrepreneurship rates. Chile stands out because of a particularly high rate of growth-oriented entrepreneurship, while Mexico has a particularly low rate of growth-oriented entrepreneurship.In contrast to high-income countries, entrepreneurship in medium-income countries is mainly driven by necessity: self-employment is often the only occupational choice given a paucity of other sources of employment (necessity-based entrepreneurship; see Acs and Amoros  2008; Bosma et al. 2008). The actions of most of the entrepreneurs in medium-income countries are not likely to have an effect on the restructuring and diversification of the poor economies. This would be the whole story if the rates of growth-oriented entrepreneurship would also be marginal in these economies.This is only the case for Mexico. Next to Chile—where opportunity-driven entrepreneurshi p is dominant—Brazil, India, and Argentina perform quite well with respect to growth-oriented entrepreneurship. This means that there still is a substantial group of entrepreneurs in medium-income countries that might get involved in a process of self-discovery. The problem in practice is that in contrast to rich and transition economies, growth-oriented entrepreneurship is less likely to  (p. 89 )  be realized in developing economies, due to constraints on the provision of capital and (skilled) labour.An additional constraint in medium-income countries is that there are relatively few (foreign) large companies, which could act as a training ground for prospective growth-oriented entrepreneurs, and could open up distribution channels for new fledgling enterprises (Knorringa  1996). This is also reflected in the finding of Bosma, Stam, and Wennekers (2010) that the incidence of intrapreneurship (i. e. employees developing new business activities for their employer) is mu ch lower in medium-income countries than in high-income countries.In addition, one should make a distinction between large firms with productive (manufacturing) and resource extractive (mining, oil) activities here, as the former will be more useful for the development of entrepreneurship than the latter. 4. 4. 3  Transition countries New firms in transition countries not only displace obsolete incumbents but also fill in new markets, which were either non-existent or poorly populated in the past. Our study suggests that in transition countries, growth-oriented entrepreneurs make an important contribution to economic growth.They create new jobs with relatively high incomes which the small incumbent population of private firms cannot provide. This entrepreneurial growth process is facilitated by the relatively high levels of human capital in combination with relatively low opportunity costs of self-employment of the adult population. The high degree of environmental dynamism in the se countries—which is likely to positively affect the level of growth expectations and realizations of entrepreneurs in these countries—requires ambitious and well-connected entrepreneurs in order to translate these abundant opportunities in economic growth.There are considerable differences within the group of transition countries. Hsu (2005) shows that the role of these connections differs considerably between China and Russia: in China it was a tool which could be used to build enough trust to allow business transactions to succeed (‘capitalism without contracts’). In contrast, in Russia these connections devolved into corruption, and faded in importance for ordinary citizens. Without a way to build trust or extend networks, Russians retreated into defensive involution, and engaged in predatory behaviour against those outside their small circles of friends.Instead of capitalism without contracts, Russia suffered the depredations of ‘capitalists wi thout capitalism’. There are also substantial differences in entrepreneurship rates within the groups of transition economies. China stands out because of particularly high rates of growth-oriented entrepreneurship (cf. Hsu  2005). Even though the YB  (p. 90 )  rate is below the average of transition countries, the growth of self-employment has been enormous, not only in the richer coastal provinces, but also in rural areas (Mohapatra, Rozelle, and Goodhue  2007).Research by Djankov et al. (2006) also shows that entrepreneurs in China are more risk-taking and more committed to an entrepreneurial career than entrepreneurs in Russia. In addition, Russia has (and had: see Hsu  2005) a particularly low rate of entrepreneurship in general as well. The striking difference between entrepreneurship rates in China and Russia can be explained by their different paths from socialism to capitalism: gradualism and a shock therapy (see Burawoy  1996).In China the gradual transf ormation started with a policy of decollectivization (decentralization of property relations) in the late 1970s and the promotion of small-scale industry, with a focus on promoting independent entrepreneurship. Experimentation with new economic arrangements, for example privatization of small state-owned enterprises, has led to a favourable accumulation of productive capabilities in China. In contrast, Russia underwent a shock therapy in which the old communist regime was liquidated, with a focus on rapid privatization of the state sector.However, the Russian state failed to organize a market economy, which led to a coordination and entrepreneurial vacuum into which have stepped conglomerates, banks and mafia, siphoning off surplus from production to exchange (Burawoy  1996). 4. 5  Discussion of policy implications In this section we will briefly discuss the potential implications of our exploration of the relationship between types of entrepreneurship and economic growth for en trepreneurship policy and industrial/cluster policy in medium-income and transition countries. 5 4. 5. 1  Entrepreneurship policyOur empirical analyses suggest that entrepreneurship does not have an effect on economic growth in medium-income countries, in contrast to transition and high-income countries where both growth-oriented entrepreneurship and entrepreneurship in general seem to contribute strongly to macroeconomic growth. Does this mean that stimulating entrepreneurship in medium-income countries is bad policy? The least we can say is that stimulating entrepreneurship alone will be insufficient as it is likely to attract necessity entrepreneurs with low human capital levels who do not contribute to economic growth.The non-significant effect of entrepreneurship on economic growth in medium-income countries might point at a shortage of large firms in these countries. By exploitation of economies of scale and scope and by  (p. 91 )  adopting and diffusing technology devel oped elsewhere, large firms are important in transforming a developing economy into a developed economy (van Stel, Carree, and Thurik  2005). In these economies local workers are more productive working as wage employees than as entrepreneurs. Nevertheless stimulating growth-oriented entrepreneurship might be an additional element of transforming a developing economy into a developed one.Attracting investments by large (possibly foreign) firms, stimulating growth-oriented entrepreneurship, investing in labour and capital, and improving the institutional framework may be the recipe for growth here. On the one hand this is old news, in that it provides a plea for the traditional role of governments to invest in education and physical infrastructure, and to build and maintain a set of institutions that enable the development of the private sector (cf. Rosenberg and Birdzell  1986). On the other hand, the addition of growth-oriented entrepreneurship in development policy for medium- income and transition countries is a new element.One must be careful to target the right group of entrepreneurs though, i. e. governments should avoid that resources made available through government stimulation programmes are absorbed by necessity entrepreneurs with low human capital levels. 4. 5. 2  Industrial/cluster policy The focus of this chapter has been on the country-level, which disregards the sub-national level of analysis, and what is of particular relevance here, the level of regional clusters (regional concentrations of particular industries). These regional clusters have proved to be important drivers of economic development in, for example, Taiwan, India, and Brazil.These clusters are both driven by and drive growth-oriented entrepreneurship. Growth-oriented entrepreneurs that start to invest in a particular industry are needed in order to reach a critical mass that is needed to reach certain agglomeration economies (Braunerhjelm and Feldman  2006). If the build- up of capacity to this level of critical mass is not reached due to the lack of complementary investments, there might be a role to play for governments to overcome coordination failure, for example by providing investment guarantees for entrepreneurs (see Rodrik  2007).Such industrial policy is not about ‘picking winners’ or comprehensive planning, but encouraging experiments with new types of economic activity (Rodrik2007). Since it is impossible to judge winners and losers in advance, competent and growth-oriented entrepreneurs should be encouraged to try, success should be rewarded, and failure should not be coddled (Nelson and Pack  1999). These clusters do not have to be close to the technology frontier (as in advanced capitalist economies). The real policy implications arise from thinking carefully about the particular sources of advantage for a nascent cluster  (p. 2 )  and why that source might yield short-term complements with the potential to become l ong-term substitutes (Bresnahan, Gambardella, and Saxenian  2001). Cooperation of clusters in developing countries with existing richer economies is not ‘colonialist’. Take for example the linkages with the US. India and Taiwan are linked to the US (especially Silicon Valley) via outsourcing of software services and manufacturing (due to low labour costs), but also by a returning group of expatriates who have worked there, and who see the benefits of long distance collaboration (Saxenian  1999).There is a flow of people—the so-called Argonauts (Saxenian  2006)—and ideas back and forth between rich and emerging economies. Migrant workers tend to be among the most entrepreneurial in society. Governments of developing countries should not only look at these expatriate workers as a source of remittances. Given their entrepreneurialism, skills, and exposure to business in the developed world, as well as the desire of many of them to return home, they may be very important as a source of self-discovery in their country of origin (Rodrik  2007).In addition to developing the private sector, these return migrants may provide the new elite needed for building up a civil society. Only a fraction of the money spent on attracting FDI would be needed to target nationals abroad. This would attract more knowledgeable human capital and durable investments than most FDI will do. Once critical mass is reached within a regional cluster, it is likely to generate or attract growth-oriented entrepreneurs (e. g. Argonauts), who in turn stimulate further macroeconomic growth. 4. 5. 3  Limitations and further researchThe regression analyses in this chapter are of limited value: they have not only simplified the range6and (linear) effects of determinants for economic development, they have also dumbed down economic development to economic growth over a short-term (four-year) period. We know that sustaining growth is more difficult (and caused by diff erent factors) than igniting it (Rodrik  2007). This also connects to one of the other shortcomings: sustaining growth probably requires much more extensive institutional reform than can be properly taken into account in linear regression analyses.Next to better measures of institutions, future research should take into account samples with low-income countries and a larger number of medium-income and transition countries, and multiple years in order to achieve more robust empirical analyses. In addition, our data did not allow for testing the multiplicative effect of entrepreneurship, so we only analysed the additive effect. A larger number of cases would enable the inclusion of the more traditional indicators of capital and labour in the analyses, and allow for testing the multiplicative effect.

History of Anthropological Thought - Functionalism and Marxist Anthrop Essay

History of Anthropological Thought - Functionalism and Marxist Anthropology - Essay Example The word 'mangu' means 'witchcraft' and to some extent witchcraft and sorcery are alike. Both have general purposes, but their practices are different. Witchcraft was said to be a 'psychic power which often inherited, it can be activated if the owner became angry or jealous, and this power is normally unconscious as well as limited to those with the substance in their body. Sorcery is skill, which can be learnt by anyone and can be passed on through study. This skill also knows as "black magnetic" which can be defined as the evil use of medicines' (Evans-Pritchard, 1937, p.42). Both are used for destructive private ends against the lives and possessions of law-abiding people. The centre of this book is the three oracles of the Azande in Sudan. These being in the order of decreasing significance: the poison oracle, the termite oracle, and the rubbing board oracle. Amongst the Azande, witchcraft is viewed as the main hazard. They are sure that witchcraft can be inherited and that a person can be a mage, making others harm, without understanding her or his impact. Anthropologists have had the long disagreement concerning the nature and importance of beliefs in witchcraft and magic and, in particular, concerning the rationality of the witchcraft beliefs. Evans-Prichard underlines that they are rational since they are very utilitarian an, they are the mighty mechanism of the social top of a hierarchy. Evans-Pritchard provides a sociological model of such beliefs, he proves that they are what the chief needs to maintain submission and keep people in constant fear. That is the importance of such beliefs for the whole community; without them, the structure if the community itself will be destroyed, and a community would parish to the extent of values and culture. In addition, beliefs are important since they explain to them many things and give the image of the person who is 'omnipotent' and who can help in any trouble as well as make a great harm.           Ã‚  

Impact of Export Subsidy on Demand, Supply and Price Assignment

Impact of Export Subsidy on Demand, Supply and Price - Assignment Example For this reason, therefore, the effects of subsidies on the economy are often separated into short term and long term effects. It is mostly argued that although in the short run these subsidies prove to be a quick remedy for lifting up weak industries and promoting their growth, in the longer run the same tool proves to be detrimental for industries who then become permanently dependant on the state for it. This report attempts to analyze a particular form of subsidy known as an export subsidy in terms of its intended aims and its actual effects on the economic structure. The aim of this report is to analyze the economic impact of an export subsidy in an open economy (Australia in this case). The analysis shall begin with a thorough conceptual analysis of an export subsidy and its nature, followed by its effects on output and price as well as economic welfare and government budget. The report concludes with recommendations for government policy along with potential limitations of thi s economic analysis. 2.0 Export Subsidies Export subsidies have since long been used by governments as part of their policy to enhance export of locally produced goods and dampen the sale of locally produced goods in the local market. ... Also, export subsidy is an alternative to the provision of production subsidy to producers competing with imported goods in the domestic market. Simply put, the export subsidy is a motivation for local producers to increase their supply of exports as opposed to goods for domestic consumption (Carbaugh, 2010). 2.1 Impact of Export Subsidy on Demand, Supply and Price Considering that wine production is a part of the agricultural industry, export subsidies may be imposed by these in order to enhance their exports. Assuming that wine is a homogenous product and that it operates in a homogenous market, the analysis of the Australian government imposing export subsidies is simplified. An export subsidy will cause the domestic production to increase, thereby enhancing exports in turn (World Trade Organization, 2006). The domestic price of wine will rise provided that Australian simultaneously embarks on a policy of banning any re-imports. The greatest assumption here is that the Australian economy (the economy where export subsidy is imposed) is a price-taker (selling homogenous wine); hence, the resulting outcome will not have any influence on the world price of wine. If this assumption was dropped and the Australian economy was assumed to be a â€Å"large† economy in terms of wine, then the resulting economic changes would have driven changes in world output and resulted in inefficiencies as far as international trade is concerned. In that case then, the resulting increase in exports would have driven down world price of wine depending on the share of world wine production that Australia holds with respect to other countries (World Trade Organization, 2006). The simplistic case of

Philosophy Assignment Example | Topics and Well Written Essays - 750 words - 12

Philosophy - Assignment Example Indeed, since God is a superior being and invisible, it has been tough for any religion to prove his existence. This essay will take a look at how St. Anselm uses logic and reasons to argue out his points about the existence of God. To start off his argument, Anselm starts by giving his view on how God can be defined. He defines God as â€Å"something than which nothing greater can be thought. In addition, he claims that every human being, whether he or she believes in God or not will automatically agree with his definition. He uses the example of the fool in Psalms does not believe in God, and claims that even him will agree with his definition. Anselm then agrees to the fact that there is a difference between understanding God as a concept and understanding him to exist (Solomon, Higgins & Martin 53). To explain his point further, Anselm uses the painter’s analogy. He then claims that before any talented painter comes up with his or her own masterpiece, he or she can see it clearly in his head even though he knows that it does not exist. The painter only understands the masterpiece as a concept. However, once the painter has finished his work and it can be seen as reality, he can now understand the concept of the painting and also understand that it exists. The latter stage of the painting is the same position that a firm believer of God and agrees with Anselm’s logic would be at. If God’s definition which Anselm strongly believes that it is the best ever, then God is a superior being; superior to any other thing that exists in the world. It is from Anselm’s strongly stressed definition that he places his argument. He argues that an existent God is greater than a non-existent one. Therefore, since God is perfect from the definition, must be in existence. If God does not exist, he would not be the most superior beings to ever exist. Therefore, if anything existed and was superior to God, it would not be God. In other words, Anselm believes

Country Risk Analysis of Italy Research Paper Example | Topics and Well Written Essays - 1500 words

Country Risk Analysis of Italy - Research Paper Example The strong export potential, relative underdevelopment of the southern region and the markets of north Africa and east European countries are the favorable endowments. Keywords: Economy, politics, geography, industry, immigration, drugs, EEC, disparities, factor productivity. Country Analysis of Italy Introduction It is important to evaluate conditions that support or hinder the prospects for a business in a particular location while undertaking new start ups, expansion, acquisition and/or other forms of investment. Political, economic, and geographic factors are taken into consideration for evaluation and decision making. Implicit within these broad categories are the demographic and legal factors. A range of reputed published resources like the country reports of the London based Economic Intelligence Unit, the CIA World Fact Books, the World Bank, IMF and European Commission reports can provide the necessary data for analysis for all major countries. The present paper deals with c ountry analysis of Italy, an EU member country that is in the thick of a political and economic crisis in the recent past. Italy became a republic in 1946 after the World War II and is a member of NATO and European Economic Community (EEC) in the euro zone. This country of about 60 million people with practically 100% literacy rate and dominated by the Roman Catholic faith followers, is a developed economy and has been a strong supporter of the political and monetary integration of the EU Zone countries (Anon, n.d., geography.about.com). Italy is a republic, headed by a President as the constitutional head, while the executive authority vests with the Prime Minister (also called the president of the council of ministers) (CIA, 2011). It follows the constitutional form of democratically elected government with two houses of legislature (Senate and Chamber of Deputies), the judiciary and the executive wings having respective roles. Although Italy is not a signatory to the Internationa l Court of Justice jurisdiction, it respects international legal responsibilities like most democratic nations (CIA, 2011). The country is divided into twenty administrative regions of which five regions enjoy a higher degree of autonomy. Regions are further divided into provinces, numbering about 100 at present. Each province is under the watchful eyes of a representative of the federal government. Separatist tendencies, left-wing extremism, and remnants of fascist elements have been sources of political challenges that Italy faced since inception. These risks continue even today, although they have been substantially controlled. Political parties of different hues like left-of-centre or right-of-centre and others form coalitions among themselves and with other parties to govern the country. Italy has largely overcome the period of extremist left-wing terrorism between 1970s and 90s (Dugdale-Pointon, 2007). Widespread corruption has been the bane of Italian politics and economy, an d this has led to short-lived spans of governments, policies and programs. Investigations into corruption scandals have caught up with many politicians, resulting in introduction of political and electoral reforms. Scandals involving the personal life of the immediate past Prime Minister Silvio Berlusconi and the deep economic

Zhang Xin Essay Example | Topics and Well Written Essays - 250 words - 2

Zhang Xin - Essay Example Zhang use of these colors on his artwork symbolizes the unity of the human beings which he relates with history. The dark colors on the painting reflect painter’s idea of preventing access to the past and by incorporating such colors and war materials such as armor, horses, and swords into his work, Zhang directly engages the observer with the question of history and memory, reality and truth (Honour and Fleming). I like Zhang artwork because through his paintings, he exposes more information about history as well as bringing about memories of truth and reality. Colors and materials incorporated into the paintings say more about the â€Å"vexed subject† of history. The idea drawn from the pictures is relevant because it helps me understand history more vividly. One thing that does not escape from Zhang painting is his ability to connect his artwork with the great events happening throughout history and the entire view of the world. The attached paint of two cocks fighting elucidates the painter’s genuine creativity whose receptiveness influences a broader range of studies. The fighting cocks expresses strength, majesty and perhaps dynamic forces of the stronger. Just the green color symbolizes healing and perseverance, probably the paint stands for the injustices and oppression of the weak. However, as mentioned earlier, Zhang paintings concentrated on humanity and connectedness with

Th fed-how it manages the economy and the federal open market committe Essay

Th fed-how it manages the economy and the federal open market committe - Essay Example The fed uses its monetary policy to influence the availability and cost of money and credit to help promote national economic goals (Federalreserve. Gov). Among these functions the FOMC is responsible for the open market operations (buying and selling of government bonds to the market) function of the Fed. With the use of this tool through FOMC, the Fed manages the economy by balancing the balancing the interest rate according to the economic objective of the government. In simple language, FOMC can help expand the economy by reducing the cost of money to business by lowering the interest rates that would encourage them to expand their business operation which would in turn have a ripple effect of job creation, increased domestic spending and higher tax collection. During an overheated expansion of the economy, monetary policy can also be used to manage its ill effect which is usually inflation (too much money circulating in the economy). This can be done by raising the interest rates or cost of borrowing which would constrict the money supply and therefore arrest inflation. This function â€Å"mops out† excessive liquidity in the market to abate the effect of an â€Å"overheated† economy by raising interest rates which would otherwise led to an â€Å"overheated economy†. During a crisis such as the recent financial crisis that begun late of 2008, monetary policy was used to increase money supply by lowering the interest rates to push for an expansionary economy and abate the effect of the crisis. In the 2008 crisis, the Fed pegged â€Å"short-term interest rates to near zero† and bought â€Å"huge amounts of long-term Treasury debt and mortgages to push down long-term rates† (Wessel). The objective of adopting this monetary policy through FOMC was (1) signal that the Fed would keep short-term rates low for a long time, (2) drive long-term consumer and business borrowing rates lower

LEGAL ASPECT OF CONSENT IN NURSING Essay Example | Topics and Well Written Essays - 1000 words

LEGAL ASPECT OF CONSENT IN NURSING - Essay Example In case that explicit consent is not available, implied consent or authorisation by primary care givers can be utilised. Legal stipulations require that nurses need to acquire consent before any major medical procedures are carried out. Legally, a person should be in senses, of the legal age of consent and able to form decisions if they are to provide consent. However, it may not be possible for the patient to make decisions if they are not of the legal age of consent, are out of senses or are affected enough not to make sane decision. In such cases, the next of kin are responsible for providing explicit consent for medical procedures. In any of these scenarios, it is the nurse’s responsibility to ensure total confidentiality as a part of essential ethical practice. Confidential information available to nurses may be used against the subject individual who was gained consent from. A breach of confidentiality may occur if the nurse provides information on the patient wi llingly or unwillingly to any unconcerned party without the patient’s consent. Nursing entails a number of different ethical and moral responsibilities much like other professions. One of the key ethical responsibilities of nurses is to ensure that consent is obtained prior to performing any routines on a patient as described by Gallagher and Hodge (2012, p38). Carvalho et al. (2011, p12) detail that it is the responsibility of nurses involved to ensure that all stakeholders including the patient and his care givers are on board in terms of consent to avoid problematic situations later. In addition to the conventional roles of nurses as carers of patients, the roles of nurses and their ethical responsibilities have been on the increase. Parahoo (2006, p469) outlines how consent is also involved in nursing research, where it is essential to obtain the patient’s or their care giver’s consent after being properly informed on how the obtained information will be ut ilised. The Royal College of Nursing (2011, p5) mandates that it must also be taken to note that the ethical dimensions of informed consent in nursing have given way in certain areas to legal principles and codes. Healthcare has required extensive ethical involvement since various procedures are risky, invasive as well as needless at times. Informed consent has been an increasing part of the healthcare sector given the need to protect the interests of the patients. The initial development as ethical guidelines has given way over time to legal practices. This has ensured that patients get to choose what kind of treatment they want to undertake for any medical condition. However, informed consent is not without its complications. Bosek and Savage (2006) relate instances where the patient is unable to express himself or herself such as in the state of a coma or in an emergency where the patient is unconscious. In such cases, legal guidelines and practices exist to ensure that the patie nt’s rights are not encroached upon in the name of necessary and indispensable action. Dimond (2009, p140) provides that this ensures that patients who are unable to speak for themselves still have their rights looked after in the realm of healthcare. Essentially informed consent and its legal and professional aspects tend to protect the interests and rights of both the nurse and the patient alike. The patient is provided with rights to choose treatment and following the applicable laws allows the nurses to avoid professional as well as legal ramifications. It is the primary responsibility of the nurse under the law to ensure that the patient is fully informed before any medical procedures begin. Wood and Wainright (2007, p35) explain that the nurse is under

Advantages and disadvantages of fertiliser Essay Example for Free

Advantages and disadvantages of fertiliser Essay If this is true then there could be that a farmer comes along and that he lives in an area were there is a lot of rain. The thing is your fertilizer doesnt work in rain at all because it is only designed for the light. So you have to do the half the product again so it works at its best for both products. There could also be a problem with miss calculations with the amounts of nutrients needed. You could also have the problem with people trying to copy your product so what you do is that you put a patent on it making you perfectly sure that your idea wont be stolen. When planted in the ground, the roots of a plant will take up water and in the water you will also find dissolved molecules of fertilizer. These molecules are used as building blocks to create plant tissue, flowers, fruits, and even foodstuffs for the plants themselves. A potato for example is a storage of plant energy (carbohydrates) which the plant has created from air, water, and fertilizer (molecules) using the sun as an energy source. The fertilizer can end up in the ground in one of two ways: 1) Either animals have left their waste (manure) which rots, or plant materials have died (cut grass, fallen leaves, etc). As these plant materials, or the manures, decompose fertilizer molecules are released. For example, manure, orange peel, corn trash, dead flowers all contain fertilizer molecules which can become available to other plants (recycled) by the microbes in the soil. 2) A garden may manually add synthetic fertilizer (e. g. man-made fertilizer) to the plants. When the fertilizer comes in contact with water, the materials dissolve and the fertilizer molecules are released. This process does not require microbes to break down the waste material like in the example above, so it often acts faster. So what is the advantages and disadvantages of fertilizers ? Most plants, especially modern varieties, will pull more fertilizer molecules out of the ground than what is naturally re supplied. In a forest, the decomposing leaves and bark will feed the soil and give ferns (growing below the trees) enough fertilizer to live on. However, in a garden where you grow vegetables or flowers, these plants typically consume large quantities of fertilizer.. higher amounts than nature can naturally re supply. in order for the plants to grow properly, they need the right amount of fertilizer available in the soil. If there is too little, growth may be stunted and flowers and fruits may not develop properly. The plants become susceptible to attack by insects and disease. A plant which is fed well is often able to survive better. This is the same with humans: people who are starving is often plagued by disease compared to people who get all the nutrients they need. Therefore the gardener must manually fertilize the plants to ensure they have enough food to grow on. Plants which are fertilized often are bigger, stronger and produce more fruits and flowers than plants which are not fertilized. Fertilized plants are generally often also more disease resistant than unfed plants. There really is no disadvantages to fertilizing, and most home owners should fertilize plants such as vegetables, fruits and flowers because these presumably modern hybrids tend to consume much more fertilizer than nature can provide.. This also goes for lawns, for example, which has individual grass plants growing very close together much closer than grass plants would in nature and therefore have to compete with each other for nutrients. However, if you give TOO MUCH fertilizer the plants can suffer just as they would if they get too little. For example, both magnesium and calcium molecules are needed by the plants, but given too much calcium, for example, can interfere with the plants ability to take up magnesium and the other way around, too. If you add fertilizer to certain plants when the soil is dry or the temperature is very hot, you also risk damaging the plants. While there are no specific disadvantages to fertilizing if doing it correctly, you do need to know approximately which type of fertilizer (which nutrients) the plant require, how much to add, and when to add it. It also needs to be watered in to avoid that the plant dies from thirst (plants which grow in fertilizer rich soil without water will cause water to exit the plants and kill them) There could again say why use fertilizer when you already have dung.

Political and Economic Factors in International Relations

Political and Economic Factors in International Relations Faculty of Economics and Management Which of the two suppose nowadays a greater danger for justice in IR: political or economic factors Justice in International Relations Introduction This essay raises the question of which factors pose threat to Justice in International Relations at present. It is centered around idea that these factors, which are not only economic and political in nature, but also historical, derive from the domestic practices and ideas of various states. There are three study cases that show from various perspectives how in different ways the internal order spills into international and what set of ideas and methods influence justice in international relations. The complex issue of Justice in International Relations presupposes that we pose and define, at least in this essay the view on the role and the nature of the Justice on the international arena. Whether this notion contradicts or not with the opinion of some major scholars on how just the international order is and can be, it is crucial for us to further follow the logical way of this essay. In my opinion, the international order, interstate relations since the start of the human history had very little space for the just approach: even the civilized nations were generally led by the right of the strongest to do what he wills. Correlated, perhaps, by the power of a free human though and technological advancement, still, the rule of sheer military power was something to be revered. And it has been recorder well in the Greek and Roman history through the famous Melian dialogue. This excerpt of it demonstrates clearly the ways of approaching the international business of the day by perh aps, the most civilized and humane people of the time: Of the gods we believe, and of men we know, that by a necessary law of their nature they rule wherever they can. And it is not as if we were the first to make this law, or to act upon it when made: we found it existing before us, and shall leave it to exist forever after us; all we do is to make use of it, knowing that you and everybody else, having the same power as we have, would do the same as we do (Strassler 1996). We see clearly how little space is given to the notion of justice. Even less was expected when the nations dealt with barbaric people or great empires of the East, despotic in the nature. The same is as well expressed in the Ancient Roman history: when faced with overwhelming forces of the Gauls in 390 BC, the famous vae victis (woe to the conquered ones) was coined. And this lesson of injustice, of what might happen to the ones that fail, was learned well by the Romans and later they would go on to establish the ir own rule on those weaker and less successful. Hardly there was any discussion on the actual righteousness of their actions. Yet, in the cruelty of the civilized ones, there is found a set of ideas that would later contribute so much to a completely differing set of ideas and notions, a whole new historical perspective of people living in completely different, just and fair conditions. These ideas, in my opinion were first the ideas of freedom and domination first coined by the Athenian political leader Pericles, and second Greco-Roman stoicism and cynicism and the concepts coined within this philosophy (like cosmopolitanism). Both set of views, in part with many others, undoubtedly, served later as the cornerstone for the revived Western Civilization, which, at least by name, calls itself humane and adhering to the principles of justice, human rights, democracy and opposing despotism. The description of these ideas, undervalued in modern times, and the way they shaped the Wester n notion, is not a part of this essay, yet, it is important to say that they are the ones that called for a dialogue whenever the West acted oppressively towards the rest of the world, and even more a tool for discussion and social change in the vey western countries themselves. So, we can clearly say that the historical experience of the countries is another important factor influencing their understanding of the domestic justice and hence, justice on the international arena. The more just, democratic, law abiding the society of the country is, the more it correlates with the demands for a fairer world on the international arena. This very important statement will be later developed in the essay. Those countries that did not undergo a certain process of inner development of the ideas on justice and more humane order, have little to contribute to the international system. Moreover, the higher the development of the countrys political and economic system, the deeply economic and pol itical factors influencing the notion of justice both on the domestic and the international level are intertwined. Domestic policies and international order And before looking at the perspective of justice in the international relations, it would be wise to consider several cases of how domestic ideas of justice, as well as practices of it, influence and shape the international approach. The first country to start with, the one that has been dominating international politics ever since the Second World War, is the United States. Being at some point a breakaway from the old and, as seemed obsolete European absolutist ideas, the new state brought the value of republicanism and democracy to the highest level. The very main document of the state was a drastic breakthrough from the Old World and in a way a revolutionized, the dream of many political thinkers of the time. The words of one the main document of the state started with the words: We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the Pursuit of Happ iness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed (Virginia Declaration of Rights). And indeed, from the end of the 19th century up till nowadays for the many oppressed the USA remains the place of freedom, in a way a political ideal to be reached. Not only it is just in itself, but it as well actively engages in establishing freedom and democracy all around the world. Yet, what is important here is to take a closer look at the domestic stance with equality and justice in the USA. Despite the declared equality, economically the population is very diverse. The salary differentiation between the poorest and the richest may vary in 300 times, which is, of course unprecedented. As it was said, the economic fractionalization lead to the fact that different social strata and communities live different lives, with ones striving to have a decent life, while the other many times more than enough then a human being can consume. As the graph suggests, 80% of the American population own only 15.1% of the national wealth. To compare: 50% of the USA population owns 14.5 trillion dollars, the same amount of money could be gathered in 10 years if the tax on the rich would increase by 2%. Such economic inequality undoubtedly spurs political debates in the country. As well, we should take into account that financial diversification goes in hand with ethnic and cultural division of the households. Despite the fact that the just order is guaranteed by the law, existing social institutions, bureaucratic apparatus and the democratic tradition, the income inequality as well as other discrepancies the economic division raises stem into the political sphere and cause debate. And with certain economic groups tied up with the political decision makers, the inequality transforms into a vicious circle: rich and economically affluent influence the politics, thus preserving their positions and becoming more rich, while the ones receiving medium and below medium salary have little say in the decision making and instead are more and more occupied with the process o guaranteeing their financial prospects. Domestic inequality and the practices of economic exploitation clearly is receive continuation on the international arena. Changes in economic inequality over the last 30 years (The Economist) On the international scale we see that in the countries where republican ideas, rule of law, democratic principles, respect to human rights, freedoms are of paramount importance, the economic practices and laws allow for inequality and exploitation in domestic relations, but even more on the international level. MNCs acting in accordance with the law and indeed bringing the change to some third world countries, in fact contribute to the implementation of practices that undermine the attempts to establish international justice through establishment of unfair practices. Thus, the stance of the United States on the international arena is ambiguous on the one hand through establishing relations with the others states and participating in the work of the international organizations, it promotes the political principles established in the country, and are generally favourable for the fairer world, but on the other hand the economic policy through trade and actions of MNCs have a controver sial effect: exploitation of resources and population, cardinally unequal income distribution and often practice of dealing with corrupt politicians and non democratic political regimes. When the primary goal is only to maximize the profit, then the ways of making it in the third world countries have little to do with the notions of promoting justice. Historical factors and views on global order Another study case, this time a country that is not a part of the classical Westetn civilization, is China. Becoming in many ways a modern capitalist economy, its political views on the international arena and its place in it may not fully fall in line with the Western vision of China. Chinese foreign trade is strongly intertwined with the Chinese foreign economy policy. We can define five major principles, characterizing Chinese economy and demanding adherence to them. First, is keeping open world markets for its exports, more than half of which are produced by factories that are wholly or partly owned by foreigners. The second principle is about securing access to international supplies of energy resources and natural resources, which serve a determining factor to the Chinese industrial development. The third principle demands China is to insulate its economy and national wealth from potentially destabilizing international risks. The fourth principle demands that new technologies a re acquired, together with knowhow and skills. The fifth principle presupposes promotion of global expansion of Chinese own industries through foreign investment. It is obvious that in the last decades China is on the rise, both economically and politically, but the question remains how the increase in Chinese domination will affect the global order (de Jonquieres, 2011). Will it be a US competitor? And can it propose a viable alternative to the existing world order? Until the late Qing, concepts of international order and justice were alien to Chinas imperial rulers. Subsequently, however, in the nineteenth and early twentieth centuries, China perceived itself to be the victim in an unjust world of aggressive, powerful, Western states. Contemporary Chinese perceptions of a just international order have been shaped by such past experiences and encompass a strong element of restitution. Its justice claims start with the Chinese state itself rather than with the needs of a broader glo bal community. Its activity on the international arena can be explained by the need to return the prestige and honour that was presumably lost in the early 20-ies. During the Cold war era Chinese foreign policy was heavily built on the dichotomy of rivalry of the two world powers, using one of them to strengthen themselves. First it was the alliance with Moscow from 1972 with the USA. It as well kept a positive image for the developing world. After the demise of the USSR there appeared a debate among the scholars whether a unipolar or multipolar world is appropriate. Globalisation was seen as a process beneficial for the USA, in which China had to find its place. The international relations had to be democratized. Despite the bright declarations often made by the Chinese officials, the current approach is based around a strategy of bandwagoning and transcending. The first means China adapting to the US and serving as a partner, while the second emphasise the peaceful transition to a more democratic world order. Transcending includes democratizing international relations, promotion of state sovereignty, strong support of the UN. Chinese approach is generally compared with US on the international arena.(Foot 2008) The Chinese approach to Justice in IR during the communist era proposed an another vision of how the relations could be altered. The Three World Theory presupposed that non-aligned states, that want to adhere neither to the comunist, nor to the capitalist world, can work together. Yet, these ideas have never gained power and later Chinese leaders felt in line with a more common view on the international arena. The Three World Theory map proposed by Mao Zedong The increasing importance of China in the International Relations make us listen more attentively to what the leadership of the country says on world order. Yet, as it was demonstrated, the Chinese economic policies go in line with the world practices. And the political and ideological solutions center rather around China itself, then the care of a an alternative, more just order. So, it would not be a wrong generalization to say that many non-Western countries do not contribute to fairer practices and go in line with the general pattern. Spread of negative factors on the regional and international level The last study case, however minor it is in comparison with the two previous ones, demonstrates how political factors influence on the economy and how certain processes taking place in one country, affect the whole region, leading to distribution of the unfair practices. The case here is the political and economic situation in Eastern Europe, and specifically the case of how political and economic practices of one country negatively affect the situation in the whole region. The destructive mechanism of Belarusian authoritarianism on other countries has not been well examined. Often dubbed as the last dictatorship in Europe, Lukashenkas system has proven to remain far more stable than expected. Though not showing great economic progress, remaining politically and economically dependent on Russia, the regime was able to deal with Putins administration, withstand political protests after 2006 elections and 2008 economic crisis. Lukashenka himself built in his own way an effective state structure, with him virtually controlling every significant aspect in politics and economy. However undemocratic the regime may be, with all the violations and electoral fraud during the presidential, parliamentary and local elections, it has been able to remain politically relatively stable for 16 years so far. This, undoubtedly set an example for the governing elite of the neighboring countries, like Russia and Ukraine, Belarusian dictatorship political regime also has a significant economic influence on the economy of Lithuania and to a lesser extent, on the economy of Latvia. We can see how Lithuanian leaders, interested in further economic cooperation with Belarus, especially in the case of transit Belarusian potassium salt, stood as advocates of the Belarusian authoritarian regime and in sometimes gave support to the regime (Belarus: Background and U.S. Policy Concerns). Belarusian contagion spreads in both ways, affecting other states because of the profitable economic cooper ation with Belarus and on personal level, tempting certain officials to breach the law, corrupting their own governmental system. Thus, their state system may become less accountant, transparent, responsive, equitable, legal frameworks become flawed. This is a clear example of how on the regional level political factors in one country spill to the other, making the whole region more corrupt. The bigger conclusion here is as follows: if we leave place for economic and political negotiation with countries with authoritarian or tyrannical regime, we must admit that it will influence. regional and international relations in the negative ways, further spreading contagious practices developed in their countries, that contradict the civilized norms, respect for human rights and the rule of law. To conclude the essay, several main statements should be repeated. First, in my opinion historical experience and evolution is not less important when speaking about the contribution to the justice on the international arena. Secondly, the behavior of the state on the international arena is very correlated with its domestic policy. Third, political and economic factors in the complex systems are intertwined, often it is hard to say precisely, which factor stems from the other. Finally. even if the political factors contribute to international justice, economic factors, and the pursuit for profit contribute to inequality and undermine the notion of justice in international relations. Bibliography Robert B. Strassler, The Landmark Thucydides: A Comprehensive Guide to the Peloponnesian War, Free Press, 1996, page 352-354 Guy de Jonquieres What power shift to China? ECIPE. Policy briefs. No. 04/2012.ISSN 1653-899. Brussels http://www.ecipe.org/media/publication_pdfs/PB201103.pdf. Viewed on December 17, 2013 Rosemary Foot. Chinese strategies in a US-hegemonic global order: accommodating and hedging. International Affairs 82, 1 http://www.cerium.ca/IMG/pdf/Foot_-_Chinese_Strategies_-_International_Affairs.pdf. 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