3. The country that I have chosen is South Africa. Absolute advantage is a situation when a country has an advantage in producing an item; comparative advantage reflects a situation when a country does not have absolute advantage but on the balance of trade should produce that good anyway. Compared with the United States, South Africa has absolute advantages in some mineral production, but mainly in the cost of labor. A combination of high levels of unemployment and a weak rand (9.05 to the USD) make South Africa's labor costs substantially lower -- even educated, middle class South Africans earn less than their American counterparts. South Africa has a comparative advantage in some manufacturing and service industries, however. It might not be cheaper than some Asian nations, but it has good technological and managerial capabilities that could give it comparative advantage in a number of light manufacturing and resources industries.
The choices available to South Africa are bound to some extent by its geography, as it is far from major markets. It leverages absolute competitive advantage in technology and management in the African region, but struggles to use its comparative advantages to expand trade beyond that region. South Africa therefore...
Long-Term Effects of Divorce on Children Research reveals divorce negatively impacts the divorcing individuals. The effects of divorce the children of divorcing parents experience, however, has not been heavily researched. Consequently, the focus for this qualitative case study examines six studies, to investigate the long-term effects of divorce on children. "A stable family situation after divorce does not erase the negative effects of a divorce, but children in this situation fare much
At FedEx, this means that managers facilitate success and allow employees to excel. Part 6 -- in many ways, great leaders often are able to take numerous personality traits and mold them into successful management by being attuned to the decisions and the business in a manger that allows for both flexibility and creativity. For Fred Smith, a continuum of adjustment and openness to experience seem to manifest more regularly
Fed and the European Central Bank: A Comparison The Federal Reserve System of the United States and the Eurosystem of European Union are one of the key financial institutions of the global economy. Their policies and decisions influence almost every market in the world and this is the reason that an increased level of attention has been devoted towards these two central banks. The two systems have several differences as
Economic Trends In terms of output and growth, Canada's real GDP was 2.96% higher than it was a year ago, but the growth trend is slowing down from a growth rate high of 3.81% in Q3 2010. Japan's economy has contracted in Q2 2011 by 0.76%. It's rate has been volatile, growing rapidly over the past year only to contract again. The UK's growth rate is 1.63%, and that country has
Daimler A Long and Tangled History The Daimler car company, under various different names and throughout various configurations, has been around almost as long as the history of the automobile itself. It has seen good times -- including some very good times -- as well as some very troubled times. While Daimler, like any other company, has been to some extent purely at the mercy of chance and external forces, it has
" (Dietz, 1998). Obese children are often taller than their non-overweight peers, and are apt to be viewed as more mature. This is an inappropriate expectation that may result in adverse effects on their socialization. (Dietz, 1998). Overweight children and adolescents report negative assumptions made about them by others, including being inactive or lazy, being strong or tougher than others, not having feelings and being unclean. (American Obesity Association, 2000). This
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now