International Economics Theory and Policy Solution

Instructor’s Manual to accompany Krugman Obstfeld International Economics: Theory and Policy Sixth Edition Linda S. Goldberg Federal Reserve Bank of New York Michael W. Klein Tufts University The Fletcher School of Law and Diplomacy Jay C. Shambaugh Dartmouth College The views presented in this book are those of the authors and need not reflect the views of the Federal Reserve Bank of New York or the Federal Reserve System. Contents Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Chapter 12 Chapter 13 Chapter 14 Chapter 15 Chapter 16 Chapter 17 Chapter 18 Chapter 19 Chapter 20 Chapter 21 Chapter 22 page Contents iii Introduction 1 Overview of Section I:†¦show more content†¦The text material will enable students to understand the economic context in which such events occur. Chapter 1 of the text presents data demonstrating the growth in trade and increasing importance of international economics. This chapter also highlights and briefly discusses seven themes which arise throughout the book. These themes include: 1) the gains from trade; 2) the pattern of trade; 3) protectionism; 4), the balance of payments; 5) exchange rate determination; 6) international policy coordination; and 7) the international capital market. Students will recognize that many of the central policy debates occurring today come under the rubric of one of these themes. Indeed, it is often a fruitful heuristic to use current events to illustrate the force of the key themes and arguments which are presented throughout the text. 2 OVERVIEW OF SECTION I: INTERNATIONAL TRADE THEORY Section I of the text is comprised of six chapters: Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Labor Productivity and Comparative Advantage: The Ricardian Model Specific Factors and Income Distribution Resources and Trade: The Heckscher-Ohlin Model The Standard Trade Model Economies of Scale, Imperfect Competition, and International Trade International Factor Movements SECTION I OVERVIEW Section I of the text presents the theory of international trade. The intent of this section is to explore the motives for and implications ofShow MoreRelatedUsing the International Relation’s Theory to Explain the Kosovo Albanian War1278 Words   |  6 PagesAlbanian War drips with International Relations’ theory. Steeped lavishly with interactions, mostly violent unfortunately, there is ample breeding ground for one’s crop of theory. With societal rifts of anguish, for each side unable to appease the other, the land slipped into an entrenched ideology of nationalism against one another. The extent of the war pre-dates NATO and the UN, institutions that made a firm stand in Kosovo, and even the whispered declaration of war. Theory provokes the profoundRead MoreInsight From Theory And History1638 Words   |  7 PagesEssay 1 Insights from Theory and History When referring to the subject of International Political Economy the main focus of study in this field looks at analyzing and finding reasons for the problems that arise or are affected from the interaction of international political decision, international economics, international trade, as well as different social systems and societal groups. Over the course and development of these systems prominent figures of economic theory and government interactionRead MoreIs Free Trade Passà ©? Essay1172 Words   |  5 Pages Paul Krugman writes that the classical trade theory has been replaced with a new trade theory. The classical trade theory is based on constant returns to scale and perfect competition, is driven by comparative advantage, and endorses free trade. This classical theory emphasized the idea that trade was brought about by differences in tastes, technology, or factor endowments between countries (Krugman, 1987). However, the new theory of international trade is driven by i ncreasing returns to scaleRead MoreInternational Economic Policy in Times of Crisis Essay1192 Words   |  5 PagesEven with examples from history to refer to, each financial crisis seems to take on a version all its own like a new strain of a deadly virus. 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Both t heories have similarities and differences in their approaches to poverty and undeveloped countries. Both suggest solutions offering different strategies to improve the gaps and communication between developed and underdeveloped nations and societies. The modernisation theory as explained

Walt Disney A Visionary And Ethical Leader - 1948 Words

If you saw 42 acres of swamp land and orange orchards, would you think you could build the happiest place on earth? Well Walt Disney did just that. He had a vision to build the cleanest and friendliest amusement park on earth. The purpose of this essay is to define and outline specific rationale on why Walt Disney was both a visionary and ethical leader. I will expand on why Walt Disney was a visionary leader by using his inspirational behavior to remove waste from his amusement park. I will also explain how he was an ethical leader by using ethical behavior to educate children through the use of his animation and used free thinking to overcome worry over image to implement a fifteen year dream. I will also go over my personal†¦show more content†¦This is great example of Internal Environment change. In the Thomas N. Barnes Center for Enlisted Education lesson in internal environment change is change that is driven by what happens in the internal environment with in the organization (BCEE, 2017a, p. 17). This reflects how Walt Disney was an inspirational leader, inspiring others even after his death. Walt Disney did not just use his words and vision to bring people together, he used his eth ical behavior and animation to guide us. Ethical Leader Walt Disney was an ethical leader because he used his ethical behavior to do what was right for the good of the people. According to the Thomas N. Barnes Center for Enlisted Education, ethical behavior is acting responsibly in a difficult situation with quality character and judgement (BCEE, 2017c, p. 3). After the kidnapping and murder of a six year old girl the FBI approached Walt Disney and collaborated with him to find new ways to educate children on sexual predators. According to Vault.FBI.org, file #HQ 94-4-4667, Disney came up with the idea to make three animated films, each targeting different age groups to provide a means to educate children on predators (Vault.FBI.org, 1961, p.1). This directly reflects his ethical behavior to act responsibly with positive quality character, when his company’s reputation could have taken a hit if the films were not well received by the public. Walt Disney also used freeShow MoreRelatedWalt Disney : A Visionary And Ethical Leader1685 Words   |  7 PagesWalt Disney Walt Disney once said, â€Å"It’s not the magic that makes it work, it’s the work that makes the magic.† (Capodagli Jackson, 2007). Walt Disney was truly a visionary and ethical leader that used his talents as a transformational leader and artist to dream up a world that has stood the test of time for nearly 90 years. In this paper I will explain why he was both a visionary and ethical leader. It will show that he used inspirational motivation and intellectual stimulation to furtherRead MoreWalt Disney : A Visionary Leader Essay1701 Words   |  7 PagesWalt Disney When people think about Walt Disney they will most likely think about Disneyland, Disneyworld, or even Mickey Mouse. What people do not realize is that he started with an advertisement company and built one of the most widely recognizable companies in the world. Walt Disney was a great in his visionary leadership, but he was not effective in his ethical leadership. Disney inspired his company to achieve his dream, but he was an egoistic leader during the process. This paperRead MoreSynthesis Essay : Walt Disney1769 Words   |  8 Pages Synthesis Essay: Walt Disney MSgt Darrell W. Lanus Air Force Senior Noncommissioned Officer Academy September 10, 2014 Instructor: MSgt Anthony Sansone â€Æ' Walt Disney Imagine yourself as one person trying to totally reinvent the way that families are entertained. I will be talking to you about a farmer that became an animator. A farmer as a visionary leader, impressive. That is the story of Walt Disney. By all rights, Walt Disney was an excellent animator, but he had the self-awarenessRead MoreWalt Disney s Leadership Qualities1412 Words   |  6 Pagescome. As a man sat in front of an easel, bursting with excitement, the pencil hitting the paper began to emulate the imagination of the exquisite Walt Disney. Although, the journey to success was changing and overwhelming, at times. Walt Disney’s legacy has sustained to be held in high regard by many people today in leadership positions. Thus, Mr. Disney had animating jobs before developing his company, which revolved around the infamous Mickey Mouse, he was even forced back into animation afterRead MoreA Leading Global Organization Called Walt Disney2093 Words   |  9 Pages This essay is based on a leading global organisation called Walt Disney. The essay will cover issues in areas of, the organisations ‘shared responsibilities’ managing a world view, education and training, equality and diversity, managing employment in a complex international setting. The essay will make full use of theory and evidence to explore these issues in the context of the organisation, together with its employees, customer and stakeholders, and the interrelationship with the host destinationRead MoreCase Studies of Business Ethics Corporate Governance3354 Words   |  14 Pagestaken by the multinational corporation, host government, and other stakeholders following the disaster.  » Understand why this tragedy and the outcome reflect the dark side of contemporary capitalism.  » Understand the transnational aspects of the ethical debate and how multinational corporations can be held accountable for its malpractices in a country other than its origin. BUSINESS ETHICS: COCA-COLA FACES ANOTHER UNIVERSITY BAN The article discusses about the ban on coca cola by UniversityRead MoreThe Walt Disney Company Report15335 Words   |  62 PagesCompany Research Paper The Walt Disney Company Pranay Kumar George Batah Shuxian Shen Sheng Hao Koo â€Å"We have complied with university honor code in completion of this assignment and I attest that this work is ours and ours alone.† Professor Suzanne Weiss Contents 1. Executive Summary 2. Company Background 3. Management 4. Situation Analysis 5. Ethics and Responsibility 6. Human Resource 7. Globalization 8. Operation and Production Read MoreCurrent Ceo Of Hewlett Packard ( Hp ) Company1994 Words   |  8 Pagesdiploma from Harvard School of Business. From that she became one of the planet’s most successful CEO and powerful leader. Prior to HP Meg held CEO and leading management positions in many large companies as follow: Hasbro Inc. Preschool Division as a General Manager, Florist Transworld Delivery as President CEO, Stride Rite Corporation as President of Stride Rite Division, Walt Disney Company as Senior VP in Marketing, Bain Company as VP, Procter Gamble as VP Brand Management, and CEO of eBayRead MoreLeadership And Its Impact On Business2141 Words   |  9 Pagesisn’t a definitive authority on how to be a later. One thing is for certain, while excellent leaders may or may not improve a business, poor ethics and a lack of morality in business tends to have disastrous consequences. â€Æ' Leaders in business are an important commodity. Why do some succeed and some fail? Some of it seems to just be luck of where they tend to take over in the business cycle. Some leaders seem to have a magical touch and create success no matter where they go. There are others whoRead MoreBook Review Built to Last4076 Words   |  17 Pagesand Porras try to answer. They took a look at 18 well known, well established and healthy companies (visionaries), and compared them to a counterpart in their specific area of business. They analyzed all the information they could get their hands on, compiled it, and looked at it to try to find patterns both between the visionary companies and their counterparts, as well as among the visionary companies themselves. The result of all of this is a set of guidelines and principles that all companies

Conceptual Model of Whistle-Blowing Intentions

Question: Describe about the Report for Conceptual Model of Whistle-Blowing Intentions. Answer: According to Lowry et al.(2013), Whistle blowing refers to the situation where a person discloses a particular activity in the organization which is illegal or unethical. The exposure of wrongdoing will impact the public interest so the disclosure of the incident will not affect the individual who is protected by law. The events that are counted, as whistle blowing are as follows any criminal offense, issues related to health and safety, damage to the environment when the company or a person violates a law or involves in misconduct. Since 1960, the value of whistle-blowing is getting increased. The government has enacted regulations to protect the whistleblowers and whistle blowing policy on the ground of public interest. According to Federal, False claims act the whistle blower will be rewarded for bringing the lawsuit against the company for involving in illegal activity against the government. A recent survey has revealed that the percentage of men whistle blowers are comparatively higher than the women whistle blowers for misconduct and one of the reasons behind it is that men are accused of gaining financial benefit for whistle blowing. Since the year 2000, the percentage has increased the number of women participants have been raised who played an active role in whistle blowing and not influenced by fame and fortune. The vice president at Enron Corporation Sherron Watkins has informed the company's board of directors that Enron's Accounting practices are wrong that later bring Enron's major collapse and the company has become bankrupt. In the same year Coleen Rowley a FBI staff who is working for more than 20 years written a letter to FBI Director Robert Mueller mentioning that FBI's national headquarters has mishandled an investigation of Zacarias Moussaoui, who was later accused of one of the conspirators' on September 11, 2001. Rowley then explained before Senate about the accusations and the harsh treatment that Rowley has undergone. It has supported the fact that the ratios of women participants are increasing as whistleblowers and are driven by their sheer sense of responsibility and not to achieve any personal gain (Miceli et al. 2012). The recent exposure of details of NSA surveillance programs is possible by a single whistleblower, Edward Snowden. He has revealed the shameful act of US Government to public knowledge. NSA has been accessed of collecting the huge amount of data from data collection and spying the network on non-US citizens and some personal interaction of US citizens. It has been done without any valid reason Moreover the entire system is operated under a warrant system where a special secret court handles the situation and approves procedures for mass surveillance without any argument by any other party. The orders allow monitoring and storage of data of NSA analyst. Snowden has charged by US Government for stealing the documents and his disclosure of the incident. Glenn Greenwald, the leading journalist, has been accused of committing the crime for publishing the leaked materials. The controversy centered on Snowden, who has disclosed Government's illegal activity by stealing the documents and the refore revealing the activities to secret agencies. So the question is whether Snowden has violated ethical standard or his act is ethically right. Whereas it claims that the governments permission is required who is the legitimate owner of the contents (Lee and Fargher 2013). Whistle blowing and ethically obligation It involves revelation of illegal act or misconduct that sometimes leads to the disclosure of secret information which includes the revelation of an incident to the general public or publication. When the whistleblower is disclosing some information, which they are not supposed to reveal as per statutory obligations. In such a situation whistle blowing is regarded as a breach of law or violation of ethics. When confidentiality is a legitimate part of a contract, and the person violates the privacy, it is considered a breach of contract or violation of ethics (Jones and Kelly 2014). Maximize internal and minimize external Whistle blowing As far as the external, whistle blowing to media and Government agencies brings hazards for both the individual and organization. As their whistle blowing can influence the employment of the whistleblower. As a result, they may feel separated, avoided by co-workers, and includes more supervision. Because of the damages, the organization faces from external whistle blowing leads it to takes measures to maximize internal whistle blowing by ensuring best practices to stimulate employees to protest against unethical practices in the organization before the situation gets deteriorated (Alleyne et al. 2013). By focusing on internal whistle blowing the team, encourage the employees to bring the unethical or illegal matters to inherent authority so that immediate action can be taken to resolve the issues. It also minimizes damages in the organization when an employee can resort to the internal system of whistle blowing; it also highlights the organizations obedience to the code of conduct. The team is trying to make the internal system more trustworthy by removing such preconceived notions like fear of counter attack, non-cooperation from colleagues, and lack of faith in management to ensure more active participation of whistleblowers, therefore, implementing more adherences to the corporate code of conducts. The top management also has taken a policy to support whistle blowing to create an atmosphere of openness and trust by involving the line managers who are trained to create an environment that promotes ethical behavior. They can arrange reward and recognition programs to encourage more employees to participate in highlights ethical issues (Finke and Dannwolf 2013). Reference List Alleyne, P., Hudaib, M. and Pike, R., 2013. Towards a conceptual model of whistle-blowing intentions among external auditors.The British Accounting Review,45(1), pp.10-23. Finke, D. and Dannwolf, T., 2013. Domestic scrutiny of European Union Politics: Between whistleblowing and opposition control. European Journal of Political Research,52(6), pp.715-746. Jones, A., and Kelly, D., 2014. Whistle blowing and workplace culture in older peoples' care: qualitative insights from the healthcare and social care workforce.Sociology of health illness,36(7), pp.986-1002. Lee, G., and Fargher, N., 2013. Companies' use of whistle-blowing to detect fraud: An examination of corporate whistle-blowing policies. Journal of business ethics,114(2), pp.283-295. Lowry, P.B., Moody, G.D., Galletta, D.F. and Vance, A., 2013. The drivers in the use of online whistle-blowing reporting systems.Journal of Management Information Systems,30(1), pp.153-190. Miceli, M.P., Near, J.P., Rehg, M.T. and Van Scotter, J.R., 2012. Predicting employee reactions to perceived organizational wrongdoing: Demoralization, justice, proactive personality, and whistle-blowing.Human relations,65(8), pp.923-954.

Core competency free essay sample

According to this article, core competencies involve many different people on many different levels. Core competencies are concepts that are enhanced as they are used; unlike physical assets of the company that become outdated with time and deteriorate, core competencies develop as they are shared and applied throughout. The concept has three key requirements for a company to view it has a central means to its way the company or employees work. One requirement for a core competency is that it is not easy for competitors to imitate. A company like Apple with its innovation is extremely difficult for other companies to imitate and try to compete with. As companies release similar products to Apple, Apple develops products with newer and more innovated products that surpass competitor’s efforts. The next requirement for a core competency is that it allows for the company to reuse it for a wide variety of markets and products. We will write a custom essay sample on Core competency or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Mobile applications, or apps, can be used as an example for this requirement as apps can be used on various products for a wide variety of markets and Haier can be used as an example as its products spread throughout vast markets. Apps were first introduced for mobile phones by Apple but were later conformed for use by Amazon and Google Play for Android products, Blackberry for its Blackberry products, Samsung Apps Store for Samsung products and Windows stores for Microsoft products. Apps were first introduced as a gaming hub but have now developed into focusing on various other categories such as business, cooking and lifestyle, music and many other genres one would wish to read or interact with. The last requirement for a core competency is that it contributes to the customer’s benefit of the final product. An example of this would be Honda’s engines. Honda is known as the engine company for the automobile industry and although others have tried, competitors have yet to succeed. Honda has been in the business of engines for longer than any other company which gives it a better competitive advantage. It is also known for its engines having less down time, lower costs to own, better performance than competitors, reliability and quality, environmental focus and nationwide parts and service support. When it comes to engines, Honda has the industry vastly beat. After reading this article, it is clear that core competences are a major factor in the success of a company within a certain industry. Without core competences, companies would lack competitive advantage and Porter’s Five Forces would be obsolete as there would be no bargaining power for buyers or suppliers as companies would be on equal playing fields, and threats of new entrants and substitutes would be high because there would be nothing to hold new companies from emerging with similar or duplicated products/