Wood carving

would help to these economies recovering. Besides the Marshall Plan, which was a program created by the American government after World War II to help European states recovering, the international community created the Bretton Woods institutions. The meeting held in Bretton Woods in 1944 was the occasion in which the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (IBRD; actual World Bank) and the General Agreement on Tariffs and Trade (GATT) were…

undermine states, as the introduction of the laissez-faire economy etc. (Williamson, 2004: 6). Some more crucial definitions that Williamson provides in his historical overview are the usage of the term Washington Consensus when referring to the Bretton Woods institutions (World Trade Organization, World Bank, International Monetary Fund) and neoliberalism or market fundamentalism. The former tend to describe the policies of those institutions along those of the US towards client countries. The…

In response to Rip Curl’s inquiry to issue bonds in Switzerland, this report aims to cover the positive and negative aspects of such a solution and attempt to determine a solution that will be the most feasible. Although the interest rates in Switzerland are relatively low compared to those in Australia, by issuing these bonds overseas, Rip Curl are inherently taking in risks associated with the market that may include: - Foreign currency risk - Inflation risk By relying on the exchange rate…

The fall of crude oil prices in 2014 has left oil exporting countries in a scramble to develop effective economic policy to minimize the effect of the crisis. The decision of the Nigerian government to peg the naira after the fall of oil prices in 2014 was heavily influenced by past Nigerian attitudes toward the IMF, and while the peg did help to keep inflation at a lower level than other oil exporting countries, the strict control of the naira failed to address the deeper structural issue of…

Moreover, the firm can mitigate the short-term foreign currency risks through a variety of hedging instruments, such as, forward contracts, options currency and cross-hedging. Forward exchange contract is the most direct technique of eliminating transaction exposure through hedging. Tyson Foods can do this by selling Euros equivalent of its receivables to the bank for a specified period of time, which can be converted over the period at a forward rate. Therefore, Tyson Foods would be assured of…

Article that I chose is about raising of indirect taxes on cigarettes in China. This is an example of government intervention in order to try to reduce smoking in China. Cigarettes are a demerit good. Demerit goods are any goods with negative externality of consumption, which means that demerit good is a good that has a bad impact on consumer and society. The market for cigarettes is perfect example of market failure. MSB- Margin of social benefit MPB- Margin of private benefit…

The Life of Christopher Robin "But father, I really wanna go to the zoo!" I whined. "No, Christopher Robin, we can't. I'm working today," father evenly stated. He always did that. I hated it when we were stuck at home. I said, "You're always working father. I never get to go to the zoo and see Winnie and Pooh." I complained. "It's just not fair father! Why do we always have to stay at home and do nothing? I hate it, I hate it, I hate --" "Now Christopher Robin, you are making me very angry.…

Introduction Donald Trump advised that the globalization destroyed the US economy. Globalization is disruptive and unfair against the global competitive market. Some exporting countries like China, take advantages of globalization, free trade and financial flows. Millions of workers in the US are unemployed and under poverty due to the negative impact of globalization to the US. Trump has acted to tackle the problems derived from globalization. He announced policies including preventing U.S…

Title: Good morning teacher and class, today I will present to you a summary on the life and achievements of St Mary Helen MacKillop, the first Australian saint. I will outline about how Mary MacKillop was influenced by scripture and the society in which she lived. Introduction: Saint Mary MacKillop was a passionate and courageous catholic woman of action. Mary MacKillop (1842-1909), known in life as Mother Mary of the cross, showed compassion for anyone in need regardless of race, colour or…

Metamorphosis is defined as ‘a change of the form or nature of a thing or person into a completely different one, by natural or supernatural means’ (New Oxford American Dictionary). Through the use of the metaphor of “metamorphosis”, Marx explains how commodities can be perceived in several ways. For example, gold can be seen as a commodity or as a form of currency that, varying in amount, can represent the value of different commodities and be used to facilitate exchange. In this example, Marx…