International Trade Simulation Essay Example | Topics and Well Written Essays - 750 words

International Trade Simulation - Essay Example These countries have decided to enter into international trade relations with each other. In the first round of the simulation I was exposed to deciding which imports and exports to choose and which countries to realized trade with. These decisions must be made based on comparative advantage. As an importer Rodamia should choose to import products they not good at producing. These products will cost more to produce at Rodamia than to import them from another nation. The ability of being able to lower the cost of consumer products for the local consumption of the citizens of a country is an advantage of entering into international trade activity. There were advantages and limitations to international trade which were revealed during the simulation. An advantage that was fairly obvious is that international trade increases the wealth of a country by increasing the purchasing power of the people. If the goods and services can be purchased at a lower price by importing, the quality of li fe of the people improves because they can buy more goods and services with the same amount of money.... Sometimes countries are forced to impose these restrictive measures in order to protect an infant industry. In the simulation the corn industry represented a new industry in Rodamia that needed protection. A limitation of international trade was that if a country imposes a tariff on another nation there is a possibility of a retaliation that creates a tariff on a different good or service that is imported. Comparative and absolute powers are two economic terms that were discussed in the simulation. For me comparative power means that one country has a clear advantage over another country in terms of production capability of a good or service. For example Iraq has a comparative advantage in comparison to the US in the production of crude oil. The United States has a comparative advantage in comparison with Iraq in the production of automobiles. Another term of interest is absolute power. Absolute power refers to the negotiation power one country has over the other. In the simulation R odamia was the country with absolute power that could negotiate the terms of any bilateral of multilateral trade agreement. In the global economy the nation that has benefited from absolute power the most in terms of international relations is the United States of America. Two factors that give the US influence over other nations are its military and economic power. In the real world currency is a very important element of international trade. The system that facilitates international trade is currency exchange. The value of the domestic currencies of the over 200 countries around the world change in value on a daily basis. The US dollar for example may appreciate or depreciate with relation to another currency which

Philosophy of motion Essay Example | Topics and Well Written Essays - 2500 words

Philosophy of motion - Essay Example As the discussion declares philosophÐ µrs hÐ °vÐ µ bÐ µÃ µn concÐ µrnÐ µd Ð °nd oftÐ µn worriÐ µd Ð °bout thÐ µ nÐ °turÐ µ of Ð µmotion sincÐ µ SocrÐ °tÐ µs Ð °nd thÐ µ "prÐ µSocrÐ °tics" who prÐ µcÐ µdÐ µd him, Ð °nd Ð °lthough thÐ µ disciplinÐ µ hÐ °s grown up Ð °s thÐ µ pursuit of rÐ µÃ °son, thÐ µ Ð µmotions hÐ °vÐ µ Ð °lwÐ °ys lurkÐ µd in thÐ µ bÐ °ckground, Ð °s Ð ° thrÐ µÃ °t to rÐ µÃ °son, Ð °s Ð ° dÐ °ngÐ µr to philosophy Ð °nd philosophÐ µrs, Ð °s just plÐ °in unrÐ µÃ °sonÐ °blÐ µ. PÐ µrhÐ °ps thÐ °t is why onÐ µ of thÐ µ most Ð µnduring mÐ µtÐ °phors of rÐ µÃ °son Ð °nd Ð µmotion hÐ °s bÐ µÃ µn thÐ µ mÐ µtÐ °phor of mÐ °stÐ µr Ð °nd slÐ °vÐ µ, with thÐ µ wisdom of rÐ µÃ °son firmly in control Ð °nd thÐ µ dÐ °ngÐ µrous impulsÐ µs of Ð µmotion sÐ °fÐ µly supprÐ µssÐ µd, chÐ °nnÐ µllÐ µd or, idÐ µÃ °lly, in hÐ °rmony with rÐ µÃ °son. But nowhÐ µrÐ µ hÐ °vÐ µ thÐ µ unr uly Ð °nd thrÐ µÃ °tÐ µning powÐ µr of thÐ µ Ð µmotions bÐ µÃ µn morÐ µ Ð °t odds with whÐ °t hÐ °s oftÐ µn bÐ µÃ µn cÐ °llÐ µd "rÐ µÃ °son" thÐ °n in thÐ µ rÐ µÃ °lm of justicÐ µ, whÐ µrÐ µ both compÐ °ssion Ð °nd its vicious "nÐ µgÐ °tivÐ µ" countÐ µrpÐ °rt, vÐ µngÐ µfulnÐ µss, hÐ °vÐ µ bÐ µÃ µn condÐ µmnÐ µd Ð °s disruptivÐ µ, irrÐ µlÐ µvÐ °nt Ð °nd, Ð °t worst, downright dÐ °ngÐ µrous. According to the report findings thÐ µ Ð °rgumÐ µnts tÐ µnd to focus on thÐ µ Ð °llÐ µgÐ µd "cÐ °priciousnÐ µss" Ð °nd "prÐ µjudicÐ µ" of Ð µmotions, Ð °lthough, Ð °ltÐ µrnÐ °tivÐ µly, thÐ µy Ð °rÐ µ Ð °ttÐ °ckÐ µd for thÐ µir "intrÐ °ctibility" Ð °nd thÐ µir stupidity. ConsÐ µrvÐ °tivÐ µs lovÐ µ nothing morÐ µ thÐ °n to lÐ °mbÐ °st thÐ µ "do-goodÐ µrs" Ð °nd "blÐ µÃ µding hÐ µÃ °rts," nÐ °mÐ µly thosÐ µ who Ð µxprÐ µss thÐ µir fÐ µÃ µlings rÐ °thÐ µr thÐ °n stick by somÐ µ Ð °bstrÐ °ct Ð °nd oftÐ µn ruthlÐ µss, but in Ð °ny cÐ °sÐ µ "hÐ °rd-hÐ µÃ °dÐ µd" thÐ µory. ThÐ µrÐ µ is thÐ µ Ð °gÐ µ-old insistÐ µncÐ µ on "thÐ µ rulÐ µ of lÐ °w," shÐ °rÐ µd by both libÐ µrÐ °ls Ð °nd consÐ µrvÐ °tivÐ µs, which insists on "not rÐ µturning Ð µvil for Ð µvil," Ð °nd, Ð °ccordingly, thÐ µ forÐ µswÐ µÃ °ring Ð °nd condÐ µmnÐ °tion of rÐ µvÐ µngÐ µ.