Implementing Macro-Policy

Implementing Macro-Policy A. What are the problems associated with implementing a macro policy? The major problem associated with the implementation of a macroeconomic policy is that it is difficult to make such policies sufficient selective to target specific facets of the economy that may require attention. Rather, a macroeconomic policy is comparable to the use of a shot gun where everyone is hit. A second problem with the implementation of a macroeconomic policy is that the length of time required for policy to produce results. In the intervening period, other factors may (probably will) change to an extent that makes it difficult to assess the effectiveness of the implementation. B.…
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Big Business Strong State

Big Business Strong State E. M. KIM'S BIG BUSINESS STRONG STATE This review essay summarizes and evaluates the above entitled book in which Korean author Kim discusses the factors which explain the remarkable economic growth of South Korea during the period 1960-1990. His central theses are that: (i) rapid economic development was successfully launched in the 60s by the authoritarian government of former General Park Chung Hee (Park) which through its centralized planning and controls over capital, credit and labor guided large industrial firms or chaebols into export-oriented industries in favorable international markets; (ii) in the 70s the South Korean economy made a successful transition from light manufacturing to heavy…
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Macro Practice Skills in a Drug Rehab Program

Macro Practice Skills in a Drug Rehab Program Macro Practice Paper: Community Based Drug Abuse Programs This report presents a description of the macro practice skills employed by the writer in working with a drug rehabilitation program located in Kansas City, Missouri, which provides both direct social work services to drug addicted individuals referred for assistance or self-referring. In addition, the agency, Imani House, also provides case management and referral services that incorporate networking with Narcotics Anonymous, Alcoholics Anonymous, and a host of other community-based, public and private sector organizations such as the Kansas City Housing Authority and the Kansas public assistance program. The report identifies the nature of the…
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Family Economics

Family Economics In Using Credit to Cover Living Expenses, Castellani and DeVaney (2001) explore peopleƆs attitude toward borrowing money to pay the cost of living expenses. As defined by chapter two, the research is non-experimental correlational research. The researchers are seeking to find relationship between variables based on the 1995 Survey of Consumer Finances (SCF). The authors used the SCF to ascertain consumer attitudes toward use of credit to cover household expenses. The data were subjected to a multivariate logistic regression analysis. The results of the analysis demonstrated that those households more likely to use credit to cover living expenses were young, non-White, with less household income (Castellani et al.…
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Forms of Unemployment

Forms of Unemployment Just as there are different types of employment - with their various impacts on the economy - so, too, does unemployment vary. So, also, do economic theories differ in their interpretations of the character of unemployment and, more importantly, in their responses to unemployment. This paper will examine two of the mainstream economic theories and how they consider unemployment: "Keynesian" macroeconomics as propounded by John Maynard Keynes, and "Monetarism" as put forth by Milton Friedman. There are three basic forms of unemployment: Frictional unemployment arises from the "normal"* process of turnover in the labor market: as new workers enter the market and search for work, and as…
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Organizational Behavior in a School Cafeteria

Organizational Behavior in a School Cafeteria The forces of organizational behavior exert influence in terms of internal and external forces on the organization. As a matter of fact, "No organization can exist in a vacuum; each is set in a particular country and region to which it is inextricably linked. This setting provides multiple contexts that influence how the organization operates and how and what it produces" ("Chapter 3-Key Forces in the External Environment," n.d.). This executive summary will discuss how internal and external forces including fiscal policy, competition, globalization, organizational mission, and economy impact organizational behavior in three organizations-Ashurst Elementary School, Hudson Group, and Asphalt Paving Company. At Ashurst…
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Political Development & Economic Development
Under the basic rubric of political development,

Political Development & Economic Development Under the basic rubric of political development, Under the basic rubric of political development, scholars have often been at odds to explain the manner by which certain countries and their indigenous political systems developed a certain way, while others exhibited quite different tendencies. For some, economic motivations have been the prime factors in political development, while others look toward the role of the state, and increasing bureaucratization as the moving force behind certain types of political development. This paper will discuss the question of whether or not political development can be measured and whether comparative statements between different states, different systems, or different periods of…
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Small Open Economies In Crisis

Small Open Economies In Crisis The current global financial crisis frequently is presented by many apologists as an unprecedented, unexpected, and unpredictable chain of events and outcomes that developed rapidly. Other members of the culpable apologist flock paint the current global financial crisis as an aberration, an event at the polar extreme of outcomes associated with the functioning of the business cycle, or as a chain of events and outcomes resulting from irresponsible consumers and home-buyers that were spurred on by governmental policies. All of these portrayals of the current global financial crisis put forward by the apologists for the actual casual agents of the chain of events are designed…
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Use of Hedging

Use of Hedging This research examines the use of hedging against exchange rate risk in international portfolios. The use of hedging in the management of equity portfolios is also considered. As the concept of hedging derives from the concept of arbitrage, arbitrage is also discussed. The term arbitrage refers to purchases in one market, and sales in another market which, together, have the effect of maintaining the prices of comparable items traded in the affected markets within the limits defined by the cost of buying the items in one market and selling them in another (Rees, 1991, 37). Thus, it can be seen, at once, that the use of arbitrage…
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Money Market Rate Forecasting

Money Market Rate Forecasting The media pays close attention to interest rates, noting when the Federal Reserve Board's Open Market Committee meets, and the stock and bond markets react to real or anticipated changes in interest rates. Yet many consumers do not understand the interest rates discussed by the Fed and the media; what consumers do appreciate is that many mortgages and other loan rates are based on these figures. When interest rates increase, loan rates increase and vice versa. This research explores the likely movement of interest rates (as measured by federal funds and Tbills) over the next 12 months, and considers what effect movement in these areas will…
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