Native Immigrants And The City Of Miami - 1056 Words

When it comes to different dialects recognized across the United States, some of the most prominent dialects are Eastern New England, Lowland Southern, Western, and Mid-western English. Miami English is often neglected when it comes to the vast amount of dialects found throughout the United States. Mostly because the emergence of the language is fairly new compared to all other dialects. Many of the immigrant’s that established their lives in the City of Miami began making their way from Cuba in the late 50s and ever since then, the city’s population has been drastically growing. Fast-forward about five decades later and the second and third generations of those same immigrants developed what is now known as a â€Å"Miami dialect†. Although Miami English is unstudied when compared to other distinguished dialects in America, it is the most prominent dialect spoken in the City of Miami. With the colossal amount of spanish speaking communities that have established themselves throughout the city, Miami is often viewed as a bilingual city. Many visitors will easily pick up the unique lexical characteristics that many, if not all, Miamians use. Along with the distinct phonological characteristics that is often noted when natives pronounce their L’s and words with /à ¦/. One of the notable attributes about living in a state and/or city in America is that whenever you travel outside of your city or state, most people are quick to point out your â€Å"accent†. However, from your standpoint,Show MoreRelatedEssay on English-Only Movement1511 Words   |  7 Pagesis inconsistent with basic American traditions of linguistic tolerance, and a common language is not the foundation of political and national unity. I disagree with this organization’s statement. Because I believe it is English that unites immigrants and native-born alike as Americans. 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Longing for their home land my great grandparents moved the family back toRead MoreEssay about The Advantages and Disadvantages of Multiculturalism1042 Words   |  5 PagesFor example, 10% of the UK’s population consists of different racial groups. Multicultural cities are called cosmopolitans. **** If you walk down any bustling London street, it is likely you will come across many people from different cultural backgrounds. For London now speaks over 200 languages and the diversity of different cultures within London is so great that easy definition is impossible. The city is home to over 300 nationalities that have over time moulded and shaped London’s cultureRead MoreThe Debate Has Gone On For Decades?1902 Words   |  8 PagesDamini Verma Writing 150 Globalisation Writing Project 2 Us Vs Them The debate has gone on for decades. Everyone has an opinion, and every opinion is different. Immigrants affect a country’s culture, economy, society and even political stability. 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Debate of Gore/Bush Free Essays

Gore believes that teachers should be able to have one on one sessions with their students and in order to do so he believes that classrooms should be smaller and more teachers should be hired. In order to hire more teachers he believes that teachers who teach a subject which was their own major should receive a bonus. He feels that education is important because â€Å"the students of today build the economy of tomorrow. We will write a custom essay sample on Debate of Gore/Bush or any similar topic only for you Order Now † Bush believes that education is our first priority in this country. He believes that education should be both flexible for the students and the educators. He believes that more money should go into school funding and teachers should have a pay increase. He feels as though literacy is a big problem among children and he moves toward a structure of education that ensures a child his ability to read. Gore seems to be working towards helping the middle class population and hopes to pass a bill to give the middle class a tax cut. Bush is for big business and free enterprise. He feels that the government should not regulate big businesses and that competition in the economy is a very good thing.. Gore states that he is not afraid to take on drug companies to give medicare benefits to the elderly and bring down prescription prices to fit the elderly needs. He believes that we should slowly move step by step towards universal health coverage. He wants to make the health care plan better for those who have one and provide a health care plan for those who do not. Within four years he wants to make health care available for every child. He spoke of tax credit for individual health plans and an encouragement to businesses to give health care twenty-five percent credit. Bush is opposed to a national health care system. He stated that in the eight years that Clinton and Gore served nothing was done about medicare or social security. Bush also believes that Gore†s plans for healthcare cannot be carried out with our country†s budget and Bush believes Gore is a big spender. Bush stated how he provided health care for everyone in Texas and how a national health care plan would fail. I feel as though both candidates were pushing to get all of the issues in within this last debate and that made them not have much backup for all of their statements. I think this was just a â€Å"playground argument† between the two candidates. They both were trying to say they were the better candidate but they truly did not give us a reason why. Both candidates seemed to have some optimistic ideas for America but I just don†t see how some of their bills and plans would ever work. Although the debate did not show a good turnout for me I still feel as though Gore has more intelligence on his behalf and has exactly what America needs to expand us technologically. How to cite Debate of Gore/Bush, Papers

International Economics The World Bank Economic Review

Questions: The Standard Trade Model extends the theories of Absolute and Comparative Advantage to incorporate the importance of increasing Opportunity Costs in international trade. The Heckscher-Ohlin Theory extends these models further by seeking to explain the underlying determinants of Comparative Advantage. (1) Explain briefly the main features of each of the concepts or theories highlighted in bold and italics above and how they are related to each other. (2) Evaluate whether these theories are sufficient to adequately account for why countries engage in international trade and the benefits that such trade can yield for them. (3) With reference to your own home nation, or any other nation known well to you, examine the extent to which that nation actively engages in international trade or practices restrictions upon such trade. Answers: Introduction International economics uses the same fundamental methods of analysis like other domains of economics. This is because; the motives and the behaviour of the participants are same in the international trade as they are in domestic exchange. This paper will briefly explain some concepts of international economics, like, standard trade model; absolute advantage; comparative advantage and Heckscher-Ohlin Theory. It will also evaluate whether these theories are sufficient to understand why countries are engaged in international trade. Moreover, one nation will be selected to examine its engagement in international trade and its restrictions upon such practices. Theories of Trade Absolute Advantage and Comparative Advantage Absolute advantage and comparative advantage are two fundamental ideas in international trade. Here, the discussion will be made based on two countries and two commodities. Absolute advantage implies the capability of the country to produce a certain good more efficiently than other country. The capability is measured by comparing the resource engagement to produce that good. This means that, the country is said to have absolute advantage in producing a product, when it can produce the particular good with less of a given resource than its competitor nation. In other words, the cost of production of one country is less than the other one. Therefore, the absolute advantage compares the productivity of different countries. According to this theory, the country will produce that commodity, which they can produce by engaging less resource (Krugman, Obsfeld and Melitz 2015). However, the limitation of this concept is that, it might happen that a country is resourceful and has absolute adv antage in all commodities. However, one country will not produce all the goods if it has option for trade. Therefore, it has to decide which good it should produce and import to another country. Hence, the concept of opportunity cost arises. Opportunity cost is the cost that arises due to shifting its resources from one good to another. Suppose the country can allocate its resources in goods, clothes and food. To produce one extra unit of clothes the country has to sacrifice some units of food. The forgone amount of food is the opportunity cost of the one unit of extra clothes. The country has a comparative advantage in producing a good if the opportunity cost of producing that good is lesser than the other country. According to this theory, the country will produce and trade that commodity whose opportunity cost is less, i.e. in which it has comparative advantage. The difference between opportunity costs provides the chances of a mutually beneficial rearrangement of the world production (Feenstra 2015). This solves the problem of absolute advantage, because even if the country has absolute advantage in all goods, the different countries have different comparative advantages. When the countries produce the good in which they have comparative advantage, both of them benefit from trading. This is because each of them will get the commodity at a price that is lower than its own opportunity cost of producing that particular good. This drives the country to specialize in that good, which has the lowest opportunity cost. Standard Trade Model The Standard Trade Model extends the absolute advantage and comparative advantage theory by incorporating the importance of opportunity cost. In presence of Autarkic situation, the equilibrium occurs when the community indifference curve is tangible to the Production Possibility Frontier. The slope of the tangent gives the equilibrium relative price. This slope also indicates opportunity cost of producing one good in terms of forgone amount of another good (Gandolfo 2014). The standard model of trade is driven by the differences in the opportunity cost. The following diagram (Figure 1) represents the autarkic situation in two countries. The nation 2 has less opportunity cost in producing cloth, reflected by the flatter slope (Green Line). Hence, it will specialize in Cloth. Similarly, the nation 1 will specialize in Food production. The Figure 1 represents an autarkic situation. Figure 1: Autarkic Situation Now the trade has taken place between these two countries. The movement of production due trade will change the point of production along the PPF curve. At the new point of production, the countries will be able to trade and produce more of the commodity in which it has less opportunity cost. The community indifference curves of the both countries will shift to the higher position. The following Figure 2 represents the trade of the two nations. At point , the export and import of both nations matches with each other. Heckscher-Ohlin Model Figure 2: International Trade The resource of the country influences the trading pattern. The Heckscher-Ohlin model uses the concept of comparative advantage. It shows that the resources influence the comparative advantage. The abundant factors of production and the intensity of the factors used, determines in which the country has comparative advantage. This model assumes that, there are two countries and two commodities; the two factors of production are capital and labour (Van Marrewijk, Ottens and Schueller 2012). Suppose the two goods are A and B respectively. The cost of production depends on the factor price. If the wage, the cost of labour, rises then price of the good whose production uses labour will also rise. However, how much the factor price influences the commodity price depends on how much of that factor is involved to produce that good. The For example, if the production of commodity A uses few labours then a rise in wage will not have much effect on the price of the commodity. In contrast, if the production of commodity B requires more number of labours, then a rise in the price of factor will lead to significant rise in the price of the good B. Hence, there is one-to-one correspondence between wage-rental ratio and the ratio of price of good A to that of B (Krugman et al. 2015). The major components of Heckscher- Ohlin Model are: Rybczynski Theorem; Factor Price Equalization Theorem; Stolper- Samuelson Theorem (Guillo and Perez-Sebastian 2015). Sufficiency of the Trade Theories How both countries are benefitted from trade can be explained by utilizing the concepts of theories of trade discussed above. The countries are different from each other in terms of factor abundances. When the trade is taking place between two countries the relative price tends to converge. The country produces and trades the goods in which it has comparative advantage. By this way, the country can send one commodity to foreign country and receives another commodity, at lower price than it would have charged given the goods were produced in the home country. However, it is important to verify whether the both countries are gaining from trade. When the relative price of a commodity is greater than the opportunity cost of producing that good, then the country specializes in that commodity and exports it to foreign market . The country can produce a particular good more efficiently and indirectly produce the other good in the foreign market. Similarly, the foreign country indirectly pro duces the good in which it is inefficient. Hence both are gaining from trade. Moreover, the benefits of both countries can be verified by countrys new possibility of consumption. This is represented in the following Figure 3. Figure 3: Gains from Trade (comparative advantage) Moreover, the countries are involved in trade due to resource scarcity. Since, the country produces commodity that requires resources in which the country is rich in, it can still avail the good that uses the scarce resources, without involving those resources. Therefore, each countrys consumption possibilities are expanded through trade. The economy as a whole consumes more of both good. This can be illustrated through the following diagram, Figure 4. In this diagram, two countries relative price and PPFs have been represented. It can be seen that due to nations participation in trade, both countries have shifted to higher indifference curve. This indicates that the two countries are consuming more of both commodities than the autarkic situation (Rosnick 2013). Figure 4: Gains from Trade (H-O Model) United Kingdoms Participation in International Trade Restriction With the growing development in the poor countries and due to the effect of globalization, the developed countries like United Kingdom have lost market share in exporting goods. However, the country has maintained its exports of service sector. United Kingdom is the sixth largest trader in the world and third largest exporters of service. The exports and imports of goods and services totaled 1256 billion USD. The share of UKs service export peaked in 2004; however, it fell down in 2007 and continued till 2010 (Gov.uk, 2012). On the other hand, the goods exports of UK declined in 2010. This country accounts for 22.8 % financial services export but only exports 2.6% of construction service export . The pharmaceutical export is significantly large. UK constitutes 3.3% of Singapores export (Gov.uk 2012). The growth in trade performance of this country within 2002 to 2008 was faster than the trade growth in the 1990s. However, the growth of international trade was halted during the global crisis. During this time the exchange rate depreciated by 25%. This made the export of this country more competitive and made import much costlier (De Propris 2013). Though it has helped the country expand its volume of export but could not reduce the demand for import. As a result of this the net trade balance is negative for this country. Moreover, the trade balance of this nation is still negative due to large gap in export and import (Inman 2016). United Kingdom has comparative advantage in Creative Industry; Tidal industry and Robotics and Autonomous Systems. This country has become efficient in generating knowledge and information. They are more developing their culture through their creativity. A creative economy comprises of art, crafts, fashion; Design; film etc. Human capital is the ultimate source of this industry (Ganotakis 2012). It is also global leader in marine energy. The research and development of advanced machineries might lead this country to become a leader in robotics industry. UK is a part of the harmonized trade system of European Union and it follows export and import regulations of EC Commission. The services can be imported and exported freely in UK. However, there is some exceptions, such that, restrictions on technology with significant military application. In this case, an export license is required. Objects like cultural interest, such as, artwork, old manuscript etc. also requires license from Arts Council (Gov.uk, 2012). Since, the creative industry is contributing significantly in the nations GDP, the UK government aims to protect this industry and hence, has imposed import restrictions. In order to protect the originality of this industry, the country is strengthening the intellectual property rights (Flew 2014). A custom duty relief is given when this country re-import EU goods that has been previously exported to EU for processing. The profits made by UK enterprises through exports are taxed like any other profits made in domestic market (ni businessinfo.co.uk, 2016). If a person is going abroad for export his services, then also the UK National Insurance Contribution needs to be paid by that person (Borchert, Gootiiz and Mattoo 2013). Various business culture; legal environments and languages create confusion when engaging in international trade. Therefore, the country tries to formulate rules and restrictions in such a way that cannot create any further confusion and considers the interest of both parties. UK is a member nation of WTO, hence it enjoys benefits from it. In short it can be said that United Kingdom practices free trade internationally. The authority has made few restrictions on import. However, it has some restrictions on exports. However, the restrictions are imposed for the purpose of well-being of the people as a whole. The depreciated sterling has made the exports more attractive to the international market. Moreover, the export of Creative industry is growing and contributing significant benefits to the net trade balance. The export in services is growing unlike the export of goods by UK. Conclusion From the above discussion, it can be said that countries engaged in international trade gains from trade. The paper has theorized some important concepts of international trade. It has discussed whether countries are benefitted from trade and the theories are sufficient to explain these benefits. At the end, the paper has taken United Kingdom to analyze the performance of the international trade and regulation practice in the country. It has identified some industries that has comparative advantages, and the country is specializing in it to gain more benefits from trade. References Borchert, I., Gootiiz, B. and Mattoo, A., 2013. Policy barriers to international trade in services: evidence from a new database.The World Bank Economic Review, p.lht017. De Propris, L., 2013. How are creative industries weathering the crisis?.Cambridge journal of regions, economy and society, p.rss025. Feenstra, R.C., 2015.Advanced international trade: theory and evidence. Princeton university press. Flew, T., 2014. Creative industries: a new pathway.InterMEDIA,42(1), pp.11-13. Gandolfo, G., 2014. Introduction to International Trade Theory and Policy. InInternational Trade Theory and Policy(pp. 3-7). Springer Berlin Heidelberg. Ganotakis, P., 2012. Founders human capital and the performance of UK new technology based firms.Small Business Economics,39(2), pp.495-515. Gov.uk. (2012).Creative and cultural: international trade regulations - Detailed guidance - GOV.UK. [online] Available at: https://www.gov.uk/guidance/creative-industries-complying-with-import-and-export-regulations [Accessed 1 Apr. 2016]. Gov.uk. (2012).Import and export of manufactured goods - GOV.UK. [online] Available at: https://www.gov.uk/government/collections/import-and-export-of-manufactured-goods [Accessed 1 Apr. 2016]. Gov.uk. (2012).Import and export of manufactured goods - GOV.UK. [online] Available at: https://www.gov.uk/government/collections/import-and-export-of-manufactured-goods [Accessed 1 Apr. 2016]. Guillo, M.D. and Perezà ¢Ã¢â€š ¬Ã‚ Sebastian, F., 2015. Convergence in a Dynamic HeckscherOhlin Model with Land.Review of Development Economics,19(3), pp.725-734. Inman, P. (2016).UK trade deficit widens further as exports suffer. [online] the Guardian. Available at: https://www.theguardian.com/business/2016/feb/09/uk-trade-deficit-widens-further-imports-exports [Accessed 1 Apr. 2016]. Krugman, P.R., Obstfeld, M. and Melitz, M., 2015.International trade: theory and policy. Prentice Hall. nibusinessinfo.co.uk. (2016).UK regulations and taxes for international trade in services. [online] Available at: https://www.nibusinessinfo.co.uk/content/uk-regulations-and-taxes-international-trade-services [Accessed 1 Apr. 2016]. Rosnick, D., 2013. Gains from Trade?.The net effect of the Trans-Pacific Partnership Agreement on US Wages. Van Marrewijk, C., Ottens, D. and Schueller, S., 2012.International Economics. Oxford University Press.