Explain How the Solow Growth Model Would Analyse the...

PART 1 Explain how the Solow growth model would analyse the effects of a fall in the household saving ratio. In this essay, I will focus on two important aspects. The first is to give a brief historical outline of the Solow growth model. The second thread runs express how the outline on the Solow growth model might explain the effect of a fall in the household savings ratio.My essay will be guided by the diagram provided on which I have to make specific references and to think through as well as explain the various steps of the Solow growth model and what this would mean for economic growth. Without dismissing earlier attempts, the foundations upon which modern economic growth theory rests on the foundations put by US†¦show more content†¦In this essay, I will focus myself on two models of cooperation and bargaining. The first model is called realism and its thrust is to say that the international political systems as a whole is anarchic in so far as there is no world government but what exists are multiple competing sovereigns. In terms of cooperation and bargaining between states realism poses real challenges to interdependence and specialisation. The second model is called liberalism and like realism it begins by acknowledging that the system is of course anarchic but it goes a bit further to argue that the interests that states seek to pursue in conditions of anarchy are shaped very much by the nature of the society, domestic, and transnational over which they seek to rule and particularly liberals stress the role of dominant powerful groups within society i n shaping the nature of the national interests and this is clearly illustrated in a story about the development of India`s national interest in chapter 6. The fundamental difference between the two models is that liberalism says it is not just anarchy plus the distribution of power, it`s anarchy, and the distribution of power plus interdependence.The prospects for cooperation between states under conditions of both anarchy and interdependence bring to fore three aspects of the game. The first, the game is positive-sum when states are concerned purely with their absolute gains but the chanceShow MoreRelatedThe Theory Of Economic Growth Model2281 Words   |  10 Pagescountries’ growth records and in standards of living over times that affect living human welfare. Many model mechanisms have been used to study the worldwide growth and income differences across countries. A fundamental model that economist have used to study these issues is the Solow growth model. This essay co ncentrates on the analysis of this model. Firstly, the derivation of the model will be demonstrated including the needed assumptions. Then the impact of a change in the saving rate on outputRead MoreBackground Of Study Of Malaysia10269 Words   |  42 Pageslike other developing countries, the major sector in the early days of independence are agriculture and mining, which requires a lot of labor force. Agriculture and mining is one of the main sectors of attention and give more contribution to economic growth that occurred in the rural areas. Somehow, the fierce competition of globalization has resulted in a change from agriculture and mining to manufacturing and service sectors. Therefore, there is a large population migration from rural to urban areasRead MoreImpact of Foreign Aid on Poverty and Economic Development in Nigeria16050 Words   |  65 PagesINTRODUCTION This project focuses on the poverty profile in Nigeria, the foreign aids given to the nation to help alleviate poverty and how it affects the economic development of Nigeria. According to the World Bank website, â€Å"poverty is hunger. It is lack of shelter. Poverty is being sick and not being able to see a doctor. It is not being able to go to school, not knowing how to read, and not being able to speak properly. Poverty is not having a job, and is fear for the future, and living one day at a timeRead MoreInstitution as the Fundamental Cause of Long Tern Growth39832 Words   |  160 PagesNBER WORKING PAPER SERIES INSTITUTIONS AS THE FUNDAMENTAL CAUSE OF LONG-RUN GROWTH Daron Acemoglu Simon Johnson James Robinson Working Paper 10481 http://www.nber.org/papers/w10481 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 May 2004 Prepared for the Handbook of Economic Growth edited by Philippe Aghion and Steve Durlauf. We thank the editors for their patience and Leopoldo Fergusson, Pablo Querubà ­n and Barry Weingast for their helpful suggestions. TheRead MoreProject Managment Case Studies214937 Words   |  860 Pagesand Working in Korea 177 Ji nan Broadcasting Corporation 196 4 PROJECT MANAGEMENT ORGANIZATIONAL STRUCTURES 205 Quasar Communications, Inc. 207 Jones and Shephard Accountants, Inc. 212 Fargo Foods 216 Government Project Management 220 Falls Engineering 222 White Manufacturing 227 Martig Construction Company 229 Mohawk National Bank 231 5 NEGOTIATING FOR RESOURCES 235 Ducor Chemical 237 American Electronics International The Carlson Project 245 241 Contents vii 247

Comm 360 Essay Example For Students

Comm 360 Essay John SmithNovember 2, 1998Political Persuasion in the 1997 State of the Union AddressEvery year the President of the United States of America addresses the Union on what has been done in the past year and what is in store for the next. This is what we know as The State of the Union Address. On February 4, 1997, President Bill Clinton delivered a powerful speech in front of a mostly Republican Congress trying to persuade them to become more of a bipartisan chamber. He also tried to persuade the people of this land that what he has done, and will do are for the good of the people. Clinton uses two specific devices. When President Clinton approached the podium to deliver his speech to congress and the American people, he took into consideration how congress and the people would view him after he delivered the biggest speech of the year. He never tried to impress, rather, he tried to persuade the audience. He went about this by using symbolic expression. Symbolism has the power to affect others and us both mentally and physically, as described in Charles U. Larsons, Persuasion: Reception and Responsibility. An example of this in the Presidents speech is when he says, we must be shapers of events, not observers. What Mr. Clinton meant by this is that people of their communities must not stand around and take orders but to be leaders and take command. Citizens must run this country by not letting anything pass us by. Another example of symbolic expression is when the President says, they (the people) put us all right here in the same boat, they gave us all oars, and they told us to row. What the Pr esident is illustrates here is that the people did their part and voted for the politicians, now they, the elected officials, must do their part to make a good thing the best. A final example of symbolic expression is when President Clinton says, as the Internet becomes our new town square What he is getting at here is that the Internet is quickly becoming the center of attention because it is easy to access information as well as talk to anyone with the touch of a computer mouse. Clinton also uses Vance Packards eight hidden needs. They are, the need for emotional security, the need for reassurance of worth, the need for ego gratification, the need for creative outlets, the need for love objects, the need for a sense of power, the need for roots, and the need for immortality. Vance Packard, the author of, The Hidden Persuaders, developed eight hidden needs used in selling products. Not only are they used for advertisment, but it is a good tool for persuasion. President Clinton uses seven of the eight hidden needs in his speech. The one not used is the need for love objects. The need for creative outlets and the need for roots are the two least used in 1997s State of the Union Address. In fact, they are only used one time each. An example of the need for creative outlets is when the President mentions, Citizen service is an American responsibility which all Americans should embrace The need for creative outlets is described as mass production, part of a production cycle, in the Larson text. As citizens of the United States, we are a part of one big company and should do things together to get everything accomplished. The need for roots has essentialy the same meaning. Its a brand of loyalty. When Clinton mentions that we need to take action on various subjects like the economy and the enviornment and to build a more perfect union, he is asking citizens to be loyal to out country. .ud6b5c2df7ef5ca3c5c07df5223b50104 , .ud6b5c2df7ef5ca3c5c07df5223b50104 .postImageUrl , .ud6b5c2df7ef5ca3c5c07df5223b50104 .centered-text-area { min-height: 80px; position: relative; } .ud6b5c2df7ef5ca3c5c07df5223b50104 , .ud6b5c2df7ef5ca3c5c07df5223b50104:hover , .ud6b5c2df7ef5ca3c5c07df5223b50104:visited , .ud6b5c2df7ef5ca3c5c07df5223b50104:active { border:0!important; } .ud6b5c2df7ef5ca3c5c07df5223b50104 .clearfix:after { content: ""; display: table; clear: both; } .ud6b5c2df7ef5ca3c5c07df5223b50104 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ud6b5c2df7ef5ca3c5c07df5223b50104:active , .ud6b5c2df7ef5ca3c5c07df5223b50104:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ud6b5c2df7ef5ca3c5c07df5223b50104 .centered-text-area { width: 100%; position: relative ; } .ud6b5c2df7ef5ca3c5c07df5223b50104 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ud6b5c2df7ef5ca3c5c07df5223b50104 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ud6b5c2df7ef5ca3c5c07df5223b50104 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ud6b5c2df7ef5ca3c5c07df5223b50104:hover .ctaButton { background-color: #34495E!important; } .ud6b5c2df7ef5ca3c5c07df5223b50104 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ud6b5c2df7ef5ca3c5c07df5223b50104 .ud6b5c2df7ef5ca3c5c07df5223b50104-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ud6b5c2df7ef5ca3c5c07df5223b50104:after { content: ""; display: block; clear: both; } READ: Breast Cancer EssayThe need for immortality is also demonstrated in the speech when Clinton says, a celebration of our common culturecan remain the worlds beacon not only of liberty, but of creativity, long after the fireworks have faded. Because the United States is the immortal power of the universe and no one can make it crumble. The need for a sense of power was demonstrated numerous times throughout the speech. When Clinton mentioned the fact that bipartisan foreign policy was the strength throughout the Cold War and when he asked congress to do the same with education, there was a sense of power and influence there. As Larson mentions in his text, the bigger the engi ne, the better. Another example is when Clinton says, Weve worked hard to tear down trade barriers abroad so that we can create good jobs at home, he expressed that when we can agree to work together with other countries, for example, on trade, we are a powerful and unstoppable machine. The second most used hidden need is the need for emotional security. When President Clinton mentioned that we must maintain a strong and ready military, which alone is a sense of security. Also, by saying, this plan will balance the budget and invest in our people while protecting Medicare, Medicaid, education, and the enviornment. Clinton exemplifies a sense of security. The hidden need that was most widely used in the State of the Union Address is the need for reassurance of worth. From beginning to end, President Clinton makes the audience feel valued for what they do and for who they are. When Clinton mentions long-term health, Social Security, and Medicare for the long run, it makes people feel worthy of living in such a great land with a great government. Not only does Clinton make the native born citizens feel worthy, but he also makes the immigrants feel the same way. He did this by saying, to restore basic health and disability benefits when misfortune strikes immigrants who came to this country legally, who work hard, pay taxes and obey the law. To do otherwise is simply unworthy of a great nation of immigrants.Finally, Clinton uses the need for ego gratification to perfection. As Larson says in the text, people need their egos stroked to make them feel as if they were really special. The President is a very important person, but he is in fact human. A perfect example of ego gratification in the speech is when he says, but I really believe one of the reasons the American people gave me a second term was to take the tough decisions in the next four years that will carry our country through the next 50 years. A second example is when he says, Now we must keep our econom y the strongest in the world.The 1997 State of the Union Address was one of the most powerful speeches delivered in recent times. President Bill Clinton used two specific devices to try and persuade a Republican majority in congress and the rest of the citizens in the United States that what he has done the past year and what he will do in the next is good for the American democracy. First, the President used symbolic expression by telling the people that they must be leaders and not followers. President Clinton also used Vance Packards eight hidden needs. Although Clinton is highly persuasive, it is yet to be seen whether the American people will continiue to respect his presidency.

The Enlightenment Essays (265 words) - Religion, Secularism

The Enlightenment The Enlightenment The Enlightenment was a movement of thinkers who believed that science could explain everything in nature. Until then, most peoplebelieved that god controlled the universe in a metaphysical manner. Metaphysical means beyond physical, and suggests that it is impossible for humans to comprehend things that happen in our environment. Galileo was one of the first thinkers of the Enlightenment. Galileo used a powerful telescope to discover that many moons surrounded Jupiter. He used his discoveries to prove the Copernicus' theory that the earth traveled around the sun. The church was opposed to Galileo's discovery. Galileo was imprisoned for heresy and printers were forbidden to print and of Galileo's writings. His students continued to discuss his teachings and in time, the ideas of using observations and measurement were to become the root of modern science. The thinkers of the Enlightenment encouraged people to use science to explore nature and to question what they had always accepted without questioning. The Enlightenment encouraged people to participate in government and to rethink old ideas like feudalism and primogeniture. The American Revolution was seen by many as a huge achievement for the Enlightenment. Two hundred years ago, our Constitution provided for a government where nobody was above the law. People had freedoms of speech and religion, and the press would be allowed to print any true statement. The Enlightenment also had a negative aspect. Many of the thinkers were atheists, who did not believe in god. They often attacked religion and the faithful. Many were also bloodthirsty in attempting to reach their goals. The French Revolution and the Reign of Terror were two episodes of history that ended the period known as the Enlightenment. History

Social Forces, States and World Orders Beyond International Relations Theory by Robert Cox

Social Forces, States and World Orders Beyond International Relations Theory by Robert Cox In his article, Robert Cox (1981) discusses the factors the shape the main peculiarities of international relations. Much attention should be paid to his assumption according to which the world order is shaped by social forces and institutions within countries.Advertising We will write a custom essay sample on â€Å"Social Forces, States and World Orders: Beyond International Relations Theory† by Robert Cox specifically for you for only $16.05 $11/page Learn More In this particular context, the term world order can be depicted as a set of rules and principles that govern the interactions between the main actors of international politics (Cox 1981, p. 152). It seems that this argument is important for understanding the main trends in the global politics. These ideas should be discussed in greater detail. Overall, the scholar notes that the distinctions between the state and civic societies may not be relevant if one speaks about the foreign policy of a country. Traditionally, political scientists regard international relations as the expression of state interests and priorities such as the need to minimize or eliminate external threats (Cox 1981, p. 126). Nevertheless, the author believes that this separation of civic society and the state is not permissible. The writer provides various examples that can illustrate his argument; in particular, he discusses the system of international relations that emerged in the nineteenth century. It is now known as Pax Britannica. To some degree, it was the expression of values which were advocated by the middle class (Cox 1981, p. 141). Apart from that, much attention should be paid to the increasing of role of manufacturing capitalism in the nineteenth century (Cox 1981, p. 141). The author offers a model according to which social forces, forms of state, and existing world order are closely intertwined (Cox, 1981, p. 138). One should keep in mind that the author introduces the idea of transn ational social forces that manifest themselves in various regions of the world. To some degree, this premise can be accepted because social groups in different countries may have similar interests; moreover, they can set the norms governing international relations. It should be noted that this approach can be useful for understanding the way in which social forces and institutions affect international relations. Nevertheless, this approach may not be suitable for explaining the conflicting nature of international politics. For instance, the government can enter into alliances with countries in which different classes or institutions can play the dominant role.Advertising Looking for essay on international relations? Let's see if we can help you! Get your first paper with 15% OFF Learn More Additionally, one should not overlook the role of conflicts within the civic society. These are some of the factors that Robert Cox does not consider. Moreover, his interpr etation minimizes the role that separate policy-maker can play. The decisions of these people can be affected by such factors as prejudice, ambition, or lack of relevant knowledge. Nevertheless, their actions can profoundly affect international relations. This is one of the issues that should be taken into account. On the whole, Robert Cox’s article can give readers useful tools for understanding the development of international relations. The author lays stress on the necessity to analyze the internal factors within the state, because they are often reflected in the foreign policies of a country. In particular, social forces can shape the norms and institutions that govern the interactions between states. In the author’s view, both civic society and state form international policies. However, the scholar does not examine the possibility of conflicts within a civic society. Moreover, his model cannot account for individual decisions taken by policy-makers. These are th e main aspects that can be singled out. Reference Cox, R 1981, ‘Social Forces, States and World Orders: Beyond International Relations Theory’, Millennium Journal of International Studies, vol. 10, no. 2, pp. 126-155.

Discuss the theme of appearance and reality in Macbeth Essay

Discuss the theme of appearance and reality in Macbeth - Essay Example He is one who King Duncan trusts, and he has the favor of all his countrymen, but he betrays this trust and, for a while, everyone is deceived into believing that he mourns the death of Duncan as he seems to, that he killed the two guards out of his love for Duncan, and that will be a good ruler because he will think of the interests of the people, and not himself. The Thane of Cawdor was also a man who Duncan trusted, as he says in Act 1, Scene 4, â€Å"He was a gentleman on whom I built/An absolute trust†, but he, too, betrays that trust. Lady Macbeth is not suspected for her part in Duncan’s death, till she starts walking and talking in her sleeps, and ironically, Macduff wants to save her from hearing about it (2.3.85-88). Macduff himself is not trusted by his wife and Malcolm, because both believe him to be a traitor to the country, whereas, he is one who is willing to sacrifice all for his country, and it is he who later kills Macbeth. The sons who are suspected o f killing their fathers (Malcolm and Donalbain, and Fleance) also show how seeming truths are not always true. Images presented through language also play an important role in presenting the theme of appearances and reality. Numerous images conveying the idea of concealment occur in the speech of almost all the characters. Sometimes the concealment is in the form of clothes, where clothes supposedly hide what a person truly is. Thus Macbeth chides Ross for â€Å"dress[ing]† him â€Å"[i]n borrowed robes† (1.3.108-109) when Ross calls him the Thane of Cawdor. This is because he does not know that the Thane of Cawdor that was, no longer owns the title. Similarly, Macbeth talks of â€Å"put[ting] on manly readiness† (2.3.135), when the people are not really ready at all. Other forms of disguise also occur, such as masks: Macbeth tells the murderers he has hired, that he is â€Å"Masking the business from the common eye/For sundry weighty reasons† (3.1.125-126). Later, he

On The Bold and The Beautiful is Katie suffering from Postpartum Movie Review

On The Bold and The Beautiful is Katie suffering from Postpartum depression - Movie Review Example Moreover, Bill cheats on Katie with Steffy and is tempted to leave her. When Katie finds out, she gets a heart attack that leads Bill into leaving Steffy after realizing how much Katie meant to her. Subsequently, she strives to reunite Bill top her stepson Liam but eventually bears fruit. Liam joins the Spencer family officially but encounters constant interference from his father in his love issues. However, Katie suffers from postpartum depression and is unable to connect with her baby William Logan Spencer. Partly to blame was the fact that Bill had refused to accept Katie’s pregnancy in the first place. Further, Bill suggests to Katie that she gets an abortion, but Katie declines. Bill justifies the abortion as an attempt to save Katie’s life, as he fears that she might not carry the baby to full term. For him, her well-being is his priority. Bill’s constant disappointments to her and her stepson also contribute to her not connecting with her baby. Her fear is that Bill might abandon her and her baby the way he abandoned his other son Liam. Therefore, this fact agitates her even more making her have minimal concern for her newborn baby. On the contrary, her concerns are baseless as none of these thoughts ever crossed her husband’s

The First Day of High School Essay Example for Free

The First Day of High School Essay Right when I got out of the car, I had no clue where to go, I’m accustomed to walking through the middle school doors and going to unite with all my friends after a thrilling summer, but today was different. It was my first day of high school and I was about to go on an adventure. I finally reached my destination, the freshman courtyard, and I walked into my first period class. I sat down, looked around and thought to myself, â€Å"I know absolutely no one! † Then the bell rang and my teacher walked in. First thing that came out of her mouth was, â€Å"So who has their summer reading assignment?! and I sat there in astonishment. In middle school, on the first day, it’s usually all about rules, rules, and more rules! And how the classroom should be, but no! Not in high school. It was more of, â€Å"You’re in English honors, let’s get to work and write an essay! † Well wasn’t that a surprise. Later throughout the day, I finally saw some of my friends and felt more comfortable that there were people I knew. I was starting to enjoy my classes, and I got to know my teachers a little more, but now it was 5th period lunch and Man was I hungry! When I walked into the lunchroom, I stopped in bewilderment on where to go; there were swarms of people everywhere I turned, freshman, sophomores, juniors, and even seniors. There was a snack line, soda machines, and an abundance of tables that filled the cafeteria. You could even sit outside! It was a humongous difference from middle school; we have so much more freedom. Speaking of freedom, did I mention how spectacular it is in high school compared to middle school?! In class, we get to work together and have immense amount of free time; we can also take our phones and iPods out more often. During passing we can have our phones out and can’t get in trouble for it! The best part of all is we can have any  electronic devices out at lunch and we can go to two different places, the media and the learning lab. It is so much more suitable than being locked up in captivity all day long. Some people would expect high school to be stricter than middle school and have countless rules. Actually, it is uncomplicated, less strict and more intriguing. When I was in middle school I still felt like a little kid, but now that I am in high school I feel like I am turning into a mature adult.