Race Riots Advancement for African Americans in America Essay

Race riots in America is a story told so little, but a story that is key to the hard work and road laid for African Americans. In the 20th century in times where we knew African Americans fought persistently for Civil Rights, seldom is their the story about the early 20th century. In the beginnings of the 20th century Riots broke out across all of the United States, over eight issues which included the following: Prejudice, Economic Competition, Political Corruption and Exploitation of Negro Voters, Police Inefficiency, Newspaper Lies about Negro Crime, Unpunished Crimes Against Negroes, Housing, Reaction of Whites and Negroes from War. Over the course of a span of fifty years more than eight riots broke out, including Wilmington race†¦show more content†¦Meaning there was an over throw of the government, kicking out all African Americans out of their political offices. History tells us in brief that the race riot began from Alexander Manly’s response about interracial relations claims made by Rebecca L Felton. â€Å"â€Å"When there is not enough religion in the pulpit to organize a crusade against sin; nor justice in the court house to promptly punish crime; nor manhood enough in the nation to put a sheltering arm about innocence and virtue----if it needs lynching to protect woman’s dearest possession form the ravening human beasts----then I say lynch, a thousand times a week if necessary.† Meaning White men are making it easy for African Americans to rape white women while they work out in their fields. Manly, a paper editor and owner of the Wilmington Daily Record responded to these claims, which are to be expected since he is mulatto. Manly responded stating that African American men are not rapist and push for these relations. Realistically we know this is not the only cause. Wilmington was a city on the rise, having the ability to be the biggest, richest urban city in America; Today’s Atlanta. The population consisted of strong middle class, and professionals; contrary to many people thoughts, All African Americans were not enslaved, poor or illiterate. Many former slaves moved to Wilmington following the war; to make certain that they could remain, there was a Freedmen’s Bureau office set up.Show MoreRelatedAfrican Americans : Slavery And Oppression1602 Words   |  7 PagesThe story(ies) of African Americans today and how their story(ies) have been shaped by slavery and oppression In the mid-1500s, European mariners started bringing black Africans to America as slaves. The slave trade was not new to Europe or Africa. In the eighth century, Moorish merchants traded humans as merchandise throughout the mediterranean. In addition, many West African people kept slaves. West African slaves were usually prisoners of war, criminals, or the lowest-ranked members of casteRead MoreRacism : A Racially Segregated Chicago1550 Words   |  7 PagesChicago had experienced few race riots prior to 1919. However, between April 1919 and October 1919, race riots spanned the nation; this became known as the Red Summer. On July 27, 1919, Chicagoans started to express their emotions on racial issues, which turned into violence, lasting several days and resulting in the deaths, injuries, and displacement of hundreds of people. During this time, Chicagoans opinions regarding racism led to extreme chaos, leaving African Americans and whites fighting withRead MoreRace Relations During The Early Colonization Of America1608 Words   |  7 PagesRace Relations in America Race relations are the ways in which people of different races living together in the same community behave towards one another. through the centuries race relations have played key roles in shaping our nation from the early colonization of America till now. American race relations started in early 1600’s when the English settlers arrived. We see the English arrive in North America where they attempt to establish themselves. Unfortunately the continent was already inhabitedRead MoreSuffrage of African Americans in Red Summer written by Cameron McWhirter1113 Words   |  4 PagesCameron McWhirter, we learn about the suffrage of African Americans after World War 1. At this time, blacks had been searching for peace and equality. Historian Cameron McWhirter in his book says, â€Å"many people—including black families with returning soldiers—fervently hoped 1919 would usher in a new epoch of peace, prosperity, and freedom.† Instead of getting what they wish ed for however, there was a series of violence such as lynchings and anti-black riots that swept around the country. World War 1Read MoreThey Say: Ida B. Wells and the Reconstruction of Race, by James W. Davidson. Ida B. Wells as a parallel to African Americans trying to gain empowerment in post-emancipation America1409 Words   |  6 PagesRECONSTRUCTION OF RACE By James West Davidson Ida B. Wells, an African-American woman, and feminist, shaped the image of empowerment and citizenship during post-reconstruction times. 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While the Supreme Court ruling kept blacks out of white facilities, the Chinese Exclusion Act kept the Chinese out of America. The Chinese Exclusion Act, renewed in 1902, made it increasingly difficult for Chinese to enter America, while also makingRead MoreRace Issues from 1877 to Present991 Words   |  4 PagesCorinne Cowan Professor Cox US History 16 December 2011 Race issues from 1877 to present There are five themes that persist throughout American history. The five themes are mission, manifest destiny, industrialization, imperialism, and race. Racism has been an issue throughout American history. Only in recent years has the problem been resolved, but even now there is still some issues. Some private groups are still against some races. Even though slavery was abolished in 1865 by the thirteenthRead MoreThe Freedom Of Struggles By Adriane Lentz Smith1250 Words   |  5 PagesAdriane had studied history and African American studies. She was successful in everything Adriane did, she had many goals to achieve. One of the goals were to get across one point about how war world 1 and African Americans goes to Europe with American expeditionary forces in World War 1. How the story was a critical movement in the book â€Å"freedom of struggles†. Adriane was an aggressive and powerful writer and wanted everyone to hear her story on African Americans going to war, how back in timeRead MoreNational Association For The Advancement Of Colored People1042 Words   |  5 PagesNational Association for the Advancement of Colored People (NAACP) The mission of the NAACP is to protect and provide the political, educational, social, and economic equality rights of minority groups and citizens; attain equal opportunity of rights and excludes race discrimination between the citizens of the United States. The objectives of this mission are to inform the public of the adverse effects of racial discrimination and to seek its elimination, to seek enactment and enforcement of federal

The Harlem Renaissance Poets Essay - 1317 Words

Assignment 2: Project Paper: Harlem Renaissance Poets Karron Scott Prof. Josiah Harry HUM 112: World Cultures II 11/27/2012 The Harlem Renaissance was a wonderful allotment of advancement for the black poets and writers of the 1920s and early ‘30s. I see the Harlem Renaissance as a time where people gather together and express their work throughout the world for everyone to see the brilliance and talent the black descendants harness. The two authors I picked were W.E.B Du Bois and Langston Hughes. The reason why I picked these two is because of the dedicated work they have flourished during the Harlem Renaissance. W.E.B Du Bois was one of the most famous black political leaders during that time. Du Bois had a lot of talent to bring†¦show more content†¦One poem I chose from Langston Hughes that grabbed my immediate attention is his poem â€Å"The Weary Blues†. This poem written by Hughes is very powerful to me and expresses a deep message within for all Americans during that time; double-consciousness is notable all throughout the entire poem. Langston Hughes, who was one of the main focal points of figures of the Harlem Renaissance, tries to remain conscientious to his African-American roots in his foundation. His poem â€Å"The Weary Blues† is the perfect example of double-consciousness. The author of the article places an immersed question: Was Langston Hughes able to overcome the  "double-consciousness† and take the pot luck with African origins and roots, or did he also not know how to manage to escape from the assimilation in the melting-pot of the American culture? Reading the poem from him, he actually provides the answer, which he states that the poet succeeds in promoting the â€Å"folk† (Black) tradition, having to compromise with the compulsory framing into American (White) reality of the form and the content of the subject. The idiopathic themes expressed in both, Langston Hughes and W.E.B Du Bois during their time period were expounded in great detail. One line from W.E.B Du Bois poem â€Å"The Song of the Smoke† said â€Å"For blackness was ancient ere whiteness began†, this shows theShow MoreRelatedEssay on Harlem Renaissance Poets1206 Words   |  5 PagesThe first poet I chose from the Harlem Renaissance was the American poet, Countee Cullen This 1920s artistic movement produced the first large body of work in the United States written by African Americans. (Brown, 2012) The work, Yet Do I Marvel, took a racial theme, lynching of a black youth for a crime he did not commit. The poem is stark and makes reference to Sisyphus and speaks of how life is a struggle up a never ending stair. It speaks to God as if to wonder why, knowing that God is benevolentRead MoreAnalysis Of The Harlem Renaissance, African American Poets912 Words   |  4 PagesDuring the introduction of the Harlem Re naissance, African American poets started to gain popularity for their works. The works of African American poets were seen to be uninfluential to the genre of poetry due to the difference of addressed issues. Poets of African American decent did not only address issues of the sex, but also race, colorism, and class. Though fighting for some of the same issues, black poets had issues on a different spectrum from white poets. The emergence of Womanist derivedRead MoreHarlem Renaissance Poets: Countee Cullen and Georgia Douglas Johnson1389 Words   |  6 Pagesï » ¿The Great Migration of African Americans during the XXth century initiated a particular series of poets who chose to express their thoughts through writing. Whats more, what these poets had to say for themselves and collectively had been a sensible topic among groups of black people living in a most racist era. There was a lot published in the newspapers in those times and not everything was poetry. Letters were received from people seeking to flee from the southern parts of America where nothingRead MoreHarlem Renaissance Poets: Langston Hughes, Claude McKay, and Countee Cullen1065 Words   |  5 PagesThe Harlem Renaissance was a time where creativity flourished throughout the African American community. At the time many African Americans were treated as second class citizens. The Harlem Renaissance acted as artistic and cultural outlet for the African-American community. The Harlem Renaissance, otherwise known as â€Å"The New Negro Movement† was an unexpected outburst of creative activity among African Americans In the poems Harlem by Langston Hughes, America by Claude McKay, and Incident by CounteeRead MoreEssay about Harlem Renaissance Poets: Countee Cullen and Langston Hughes1142 Words   |  5 Pagesthe majority of African Americans moved from South to the North of the United States. New economic and artistic opportunities led them to create and identify themselves in their own cu lture and heritage. This movement is well-known as the Harlem renaissance. It was accompanied by new lifestyle, music styles, and plenty of talented writers. This paper discusses two poems from this period: Heritage, written by Countee Cullen, and The Weary Blues, written by Langston Hughes. There is a lot of mysteryRead MoreEssay about The Harlem Renaissance1515 Words   |  7 Pages   Ã‚  Ã‚  Ã‚  Ã‚  The Harlem Renaissance Poets consist of: James Weldon Johnson, Countee Cullen, Claude McKay, Jean (Eugene) Toomer, Langston Hughes, Sterling Brown, Robert Hayden, and Gwendolyn Brooks. These eight poets contributed to modern day poetry in three ways. One: they all wrote marvelous poems that inspired our poets of modern times. Two: they contributed to literature to let us know what went on in there times, and how much we now have changed. And last but not least they all have written poems thatRead MoreThe Harlem Renaissance1209 Words   |  5 Pagesï » ¿The Harlem Renaissance represents the rebirth and flowering of African-American culture. Although the Harlem Renaissance was concentrated in the Harlem district of New York City, its legacy reverberated throughout the United States and even abroad, to regions with large numbers of former slaves or blacks needing to con struct ethnic identities amid a dominant white culture. The primary means of cultural expression during the Harlem Renaissance were literature and poetry, although visual art, dramaRead MoreThe Harlem Renaissance with Langston Hughes1676 Words   |  7 PagesHarlem Renaissance with Langston Hughes The Harlem Renaissance brought about uniqueness amongst African Americans; everything was new. The visual art, the jazz music, fashion and literature took a cultural spin. During this time writer Langston Hughes seemed to outshine the rest with amazing works. The Harlem Renaissance brought about many great changes. It was a time for expressing the African American culture. It is variously known as the Harlem Renaissance, the Black Literary RenaissanceRead MoreBlack And Blues - Langston Hughes1623 Words   |  7 PagesKelsee Robinson Mrs. Fiene English 12 14 March 2017 Black and Blues – Langston Hughes The Harlem Renaissance was a time in history when the African American culture had one of its most influential movements by using creativity and the arts (Hutchinson 1). This movement took place between 1918 and 1937 and was shaped by both African American men and women through writing, theatre, visual arts, and music. The purpose of this movement was to change the white stereotypes that were associated withRead MoreThe Harlem Renaissance Brought A Great Amount Of Value1184 Words   |  5 PagesThe Harlem Renaissance brought a great amount of value to the African American group. The visual art, the jazz music, fashion and literature changed. During this time writer Langston Hughes shined out with amazing works. The harlem reneisance made It was a time for expressing the African American culture. It has many names other than Harlem Renaissance, such as, the Black Literary Renaissance, or the New Negro Movement. Many famous people began their writing or gained their recognition dur ing this

Current Account Deficit in Australia and Relevant Economy Policy free essay sample

The overall economy condition of Australia Australia’s economy has experienced positive reforms over the last two decades. These reforms have boosted the country’s economy and raised the country’s standard of living. In 2009, Australia was the 13th largest economy by nominal GDP of US$930. 8 billion (Wikipedia). Positively engaged in world trade, Australia is ranked the 21st largest importer and 23rd largest exporter in the world (Economy Watch 2009). Export commodities are: coal, iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment. The top5 export destinations are China, Japan, North Korea, India and United States. Import commodities are: machinery and transport equipment, computers and office machines, telecommunication equipment and parts; crude oil and petroleum products. The top5 import sources are China, United States, Japan, Thailand and Singapore (Australia fact sheet 2009). Balance of payments in Australia Although Australia has achieved significant economy growth, it still has many problems in developing its economy. To be specific, Australias large current account deficit is currently the greatest concern to some economists. For the past three decades, Australia has had a BOP deficit with its CAD having grown from $195 million in December, 1979 to $18483 million in December, 2009 (ABSxls). With the enormous BOP deficit, Australia has to take measures to control the sources of BOP deficit, so that it will not fall into a debt crisis like Greece’s. The latest BOP statistics are listed below: Table1 Current account ;-18483 Goods and Services ;-7467 Goods and Services credits ;60234 Goods and Services debits ;-67701 Goods ;-6898 Goods credits ;46638 Goods debits ;53536 Services ;-569 Services credits ;13596 Services debits ;-14165 Primary income ;-10897 Primary income credits ;9672 Primary income debits ;-20570 Secondary income ;-119 Secondary income credits ;1608 Secondary income debits ;-1727 (Sources: ABS 2009) Table2 Capital and financial account ;17943 Capital account ;-35 Acquisitions/disposals of non-produced non-financial assets ;0 Acquisitions/disposals of non-produced non-financial assets credits ;0 Acquisitions/disposals of non-produced non-financial assets debits ;0 Capital transfers ;-35 Capital transfers credits ;0 Capital transfers debits ;-35 Financial account ;17978 Direct investment ;7731 Direct investment, Assets ;-6087 Direct investment, Liabilities ;13817 Portfolio investment ;-298 Portfolio investment, Assets ;-34144 Portfolio investment, Liabilities ;33846 Financial derivatives ;-2165 Financial derivatives, Assets ;12133 Financial derivatives, Liabilities ;-14297 Other investment ;11529 Other investment, Assets ;-4008 Other investment, Liabilities ;15536 Reserve assets ;1181 Net errors and omissions ;541 (Sources: ABS 2009) From the first chart, we can see that the major components of current account deficit were primary income deficit and goods deficit. At the end of 2009, Australia had a current account deficit of $18483 million in current price terms. Specifically, primary income had a total negative amount of $10897 million, which forms the largest part of current account deficit. Goods had a negative amount of $6848 million, so Australia’s net import was $6848 million. Besides, services account had a negative amount of $569 million, which illustrates that services import exceeded the services export by $569 million. There were large amount of transactions in goods and services, with a total debit of $67701 million and a total credit of $60234 million. From the second chart, we can see that little capital transactions happened during 2009. The total amount of capital account was -$35 million, which belonged to capital transfer. Financial account had a surplus of $17978 million, with the imbalance in other investment account contributing $11529 million to the surplus. Although there were large amount of transactions in portfolio investment account (assets had an amount of -$34144 million and liabilities had an amount of $33846 million), its net amount was only -$298 million. According to analysis above, the major contribution to current account deficit is the imbalance in primary income. As the debits amount exceeds the credits amount by over $10000 million, which tells us that income outflow—that is the income paid to foreigners by Australians is the major cause of current account deficit, government should take measures to minimize income outflow in order to control the deficit of current account. Since the current account balance is synonymous with net foreign investment in national income accounting (Carbaugh 2002), we can also analyse foreign investment to get an understanding of current account deficit. Table3 Sep Qtr 2009 Dec Qtr 2009 Sep Qtr 2009 to Dec Qtr 2009 $m $m % change _______________________________________ BALANCE ON CURRENT ACCOUNT Trend estimates -14 587 -17 509 -20 Seasonally adjusted -14 731 -17 459 -19 BALANCE ON GOODS AND SERVICES Trend estimates -3 345 -6 349 . . Seasonally adjusted -4 224 -6 062 . . NET PRIMARY INCOME Trend estimates -11 027 -10 973 Seasonally adjusted -10 270 -11 234 -9 LEVELS AT END OF PERIOD International Investme nt Position 756 233 768 628 2 Net foreign equity 122 511 120 733 -1 Net foreign debt 633 722 647 895 2 ________________________________________ . . not applicable nil or rounded to zero (including null cells) Sources: ABS 2009) Table4 Australias investment links, as at 31 Dec 2009: Level of Australian investment abroad (A$m): 1,159,088 Level of foreign investment in Australia (A$m): 1,927,716 (Sources: Australia fact sheet 2009) From table4, we can calculate the net foreign investment is $768628 million at the end of 2009, which is consistent with the figure in table3. From September to December, international investment position increased by $ 12035 million while the current account deficit increased by $2922 million, which indicates that the change directions of IIP and CAD are the same. With net foreign debt account for the major part of IIP, we can come to the conclusion that foreign investment contributes to the CAD in Australia, especially the foreign debt. Table5 International Investment (Sources: ABS 2009) According to figures in table5, Net IIP increased steadily from June, 2008 to December, 2009, which indicates a possibility of continuous growth of Net IIP. From analysis results above, change directions of IIP and CAD are the same, thus we can make a prediction of increase in CAD for the year 2010. The importance of BOP to Australia’s economy Table6 SELECTED INTERNATIONAL ACCOUNTS RATIOS(a)(b) 6-07 07-08 08-09 Sep Qtr Dec Qtr Mar Qtr Jun Qtr Sep Qtr Dec Qtr 2008 2008 2009 2009 2009 2009 GDP ($MILLION) 1 091 328 1 181 751 1 256 458 317 319 329 497 301 194 308 448 312 031 nya Current account –5. 4 –6. 2 –3. 0 –5. 5 –4. 4 –3. 2 –3. 0 –3. 4 –4. Goods and Services –1. 2 –2. 1 0. 5 –1. 6 –0. 7 0. 3 0. 5 0. 1 –0. 6 Credits 19. 7 19. 8 22. 7 20. 8 22. 4 23. 2 22. 7 21. 6 20. 0 Debits –21. 0 –21. 8 –22. 2 –22. 4 –23. 1 –22. 9 –22. 2 –21. 4 –20. 6 Primary income –4. 2 –4. –3. 4 –3. 9 –3. 7 –3. 5 –3. 4 –3. 4 –3. 5 Net International Investment Position 56. 1 56. 0 57. 1 57. 2 57. 7 58. 1 57. 1 60. 4 61. 4 Net foreign equity 6. 7 4. 8 6. 4 3. 0 1. 4 4. 3 6. 4 9. 8 9. 6 Net foreign deb t 49. 4 51. 2 50. 6 54. 2 56. 3 53. 8 50. 6 50. 7 51. 8 ya not yet available (a) Derived from current price original data. The net international investment position ratios are derived from the net foreign liabilities at the end of the period and GDP for the year ended with that period. Other ratios use only data for the year ended with the period shown. (b) For the latest reference period, GDP for the year ended with the previous quarter is used. (Source: ABS 2009 ) From table6, we can see that the ratio of current account to GDP increased from an absolute value of 5. 4% (06-07) to 6. 2% (07-08), which shows the growing importance of current account in Australia’s economy growth. The ratio fell to 3. 0% (08-09) as a result of world economic recession. However, after June of 2009, it started to increase again. Net IIP has an increased ratio of 56. 1% (06-07) to 57. 1% (08-09) and at the end of 2009, the ratio boosted to 61. 4%. The steadily increased ratio demonstrates IIP has a close connection with Australia’s economy growth. Therefore, we can safely make the conclusion that current account balance plays an increasingly important role in Australia’s economy and change of Net IIP have direct connection with Australia’s GDP. Imbalance of primary income account accounts for the main part of CAD while Net Foreign debt accounts for the main part of Net IIP. Here comes the question that is the continuous CAD a problem to Australia’s economy? For Australia, the answer is â€Å"no†. As a net borrower, if Australia borrows money to invest in capital equipment which generates a high enough return instead of borrowing money to consume , then the CAD is beneficial for the economy growth since the investment reaps benefit from borrowing (McTaggart, FindlayParkin 2003). Table7 LEVELS OF FOREIGN DEBT AT END OF PERIOD AND SELECTED RATIOS ________________________________________ Period Debt liabilities(a) $m Reserve assets $m Other debt assets $m Net foreign debt(a)(b) $m Ratio of net foreign debt to GDP(c) % Ratio of net interest to goods and services credits(d) % ________________________________________ANNUAL ________________________________________ 1996–1997 302,846 -22,791 -71,427 208,628 39. 4 -11. 2 1997–1998 346,971 -24,260 -94,929 227,782 40. 6 -9. 7 1998–1999 359,839 -23,954 -105,196 230,689 39. 0 -9. 4 1999–2000 421,771 -27,948 -116,019 277,804 44. 2 -10. 6 2000-2001498,775-37,951-147,352313,47246. 6-9. 6 2001-2002523,654-37,435-156,456329,76347. 0-9. ________________________________________ (a) Levels from December quarter 1991 are not strictly comparable with levels from earlier periods, due to changes in methodology. (b) Equals debt liabilities less reserve assets and other debt assets. (c) Ratio derived by expressing net debt at a particular date as a percentage of current price original GDP for the year preceding th is date. (d) Ratio derived by expressing net interest on debt as a percentage of exports of goods and services for the year preceding this date. (Source: Balance of Payments and International Investment Position 2002). Table7 illustrates that although ratio of net foreign debt to GDP increased from39. 4% to 47. 0% between1996 and 2002, the ratio of net interest to goods and services credits decreased 2 percent for this period. Hence, it can be claimed that Australia has used the borrowed funds wisely during this period and this increased consumption possibilities for all Australians in the future. If Australia continues to use foreign debt wisely, CAD will bring benefit to the country. Analysis of consequences and prospects of BOP The GDP of Australia has grown with Australia’s BOP deficit. In other words, CAD in Australia is good for the nation’s economy development. With a large growing amount of Net IIP, Australia’s economy growth will be greatly influenced by foreign investments. Thus, a continuing deficit in BOP is expected for the following years. Put it into details, large amount of transactions will be entered into goods and services account which belongs to current account and similar transactions will be recorded in portfolio investment account which belongs to capital and financial account. The total amount of BOP deficit will increase steadily with Australia’s GDP growth. Internal balance vs. external balance The basic objective of economic policies is the country’s economic stability with full employment. This is known as internal balance and considered to be of primary importance. What’s more, policy makers are also aware of a nation’s BOP position. A nation’s external balance is said to be achieved when it realizes BOP equilibrium. Nations usually consider internal balance to be the highest priority unless they are confronted with large and persistent external imbalances, when the priority will be switched to external balance (Carbaugh 2002). Major internal variables of Australia According to statistics released by CIA for the year of 2009, at the end of 2009 Australia had a GDP of US$ 824. 3 billion (PPP) and increased by 1% compared with the year before. Its labour force was 11. 44 million, ranked 44 in the world. The unemployment rate was 5. 7% and increased by 1. 5% from the year before, ranked 55 in the world. The inflation rate fell from 4. 4% in 2008 to 1. 9% in 2009, ranked 62 in the world. The average exchange rate per US dollar is 1. 2894, a slight increase from 2008. In summary, Australia enjoyed an economy growth with relatively low inflation rate and unemployment rate. Macroeconomic and microeconomic policy settings The significant economy performance of Australia in 2009 cannot be apart from the nation’s wise implementation of macroeconomic and microeconomic policies. With its wide choice in economy policy, Australia recovered from the world economic recession quickly. Microeconomic policies Product and labour market reforms have been implemented since 1990’s. This has led to the growth in employment and productivity. Owing to a lack of water supply, water management issues have remained one of hot topics for discussions of Australia’s economy policy. In order to reduce the over-exploitation and wastage of water and natural resources, reforms were put into effect. The increase in aging population, shortage of skilled labour and adequate manpower lead to the labour supply problems in Australia. Immigration is a main contributor to the labour supply. Policies related to incentives for work has formulated. Economy policies also include provision of benefits to disabled workers who are over 55 years old. As a result of successful microeconomic reform, private sector savings and investment decisions were used to achieve external balance. Being acknowledged as a capital-importing nation, Australia invites foreign savers to make investments here, causing the current account deficits (Nguyen n. d. ). Other economy policy includes improvement and development of education system, reorganizing industrial relations and putting stress on infrastructure management (Economy Watch c. 2009). Macroeconomic policies Australian government has used macroeconomic policies successfully in the rebound of Australian economy after the global financial crisis. Before, fiscal policy was once used for achieving external balance objectives, and then it was abandoned quietly due to the successful microeconomic reform (Nguyen n. d. ). During the economic recession, a fiscal stimulus package worth over US$50 billion was brought into effect to neutralize the effect of the slowing world economy, while the Reserve Bank of Australia implemented the monetary policy of reducing interest rates to historic low levels. These policies together with aggregated demand for commodities—especially from Chinahelped the Australian economy rebound after just a quarter of negative growth (CIA 2010). Australia was one of the first developed countries to raise interest rates after the economy downturn. Since October, 2009, it has raised interest rates for 3 times. â€Å"As a result of an improved economy, the budget deficit is expected to peak below 4. 2% of GDP and the government could return to budget surpluses as early as 2015† (CIA 2010). Recommendations for future policies Macroeconomic policies should be used in conjunction with microeconomic policies in boosting Australia’s economy. Since the BOP deficit has an increase trend, prudent investigation should be made to analyse the potential threat of CAD to Australian economy. Interest rates can be further increased to attract private investment from foreign savers in exploitation of Australia’s abundant natural resources. Economy policy should also be made in encouraging local residents to make more savings or investments as a source of their superannuation after retirement. As a result, the old will demand less support from the government and the financial burden of Australian government can alleviate to some extent, which leads to a decrease in government deficit and ultimately reduces the CAD. Furthermore, â€Å"reduction in geographical segmentation of markets should be introduced as it slows down greatly efficiency of labour† (Economy Watch c. 2009). Conclusion From contents above, we can come to the conclusion that the main contribution to Australia’s CAD is primary income deficit and that net international investment has a close connection with BOP deficit. Whether CAD is beneficial or harmful to Australia’s economy depends on how the borrowed money is spent. If it is used for investment, then CAD will bring benefits to the country’s economy. Or else, it will be an obstacle to the economy growth. Economy policy is the major determinant of Australia’s economy growth. Macroeconomic policies should be combined with microeconomic policies in promoting the nation’s prosperity. The wide implementation of Macroeconomic policy enabled Australia to recover from the economic downturn quickly. The success of microeconomic reforms promotes the continuous growing of Australian economy. Both macroeconomic and microeconomic policies can be used for adjusting the external balance. Bibliography ABS 2009, Balance of Payments and International Investment Position, ABS 2002, Balance of Payments and International Investment Position , Carbaugh, RJ 2002, International Economics, 8th edn, Thomson-South Western College Publishing, Cincinnati, Ohio CIA 2010 the world fact book Australia, Economy Watch 2009, Australia Economy, Economy Watch 2009, Australia Economic Policy, McTaggart, D. , Findlay, C. Parkin, M. 2003, Economics, 4th edn, Addison Wesley, Sydney, pp. 808-819 Nguyen, D n. d. , Macroeconomic Policy in Australia, Market Information and Research Section 2009, Australia fact sheet,

Too Much Stress - You Decide free essay sample

Chapter 12 Cases Study Too Much Stress? You Decide HRM 335 Western International University June21, 2011 ? Too Much Stress? You Decide 1. When conflicting medical opinions are presented, should the advice of a medical expert count more heavily than the opinion of the general physician? Explain. The conflicting medical opinions is that one of these doctors is an expert at treating depression and the other one is a biased doctor â€Å"company† doctor. The medical advice they were relying on was only from a doctor that was that of a â€Å"fair and impartial†, but not an expert. 2. Is the charge of discrimination presented by Donald’s lawyer relevant to the case? Explain. Yes, the case is relevant because Donald’s treating decision is from an â€Å"expert† and he was being denied his prior position back because the decision of a â€Å"company† doctor. There should have been regulations in place to help the employees who were being overwhelmed with the stress at the job. We will write a custom essay sample on Too Much Stress You Decide or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The discrimination is there because the company is relying on an opinion of an impartial doctor and no that of an â€Å"expert. † 3. If you were presented with this case, what decision would you reach? Explain. I believe that the opinion of a treating physician who works for the company should not be used as a basis for their decision. This doctor had only seen Donald twice, once before he was granted leave and another time when he was trying to return to work. I believe his medical doctor, who is also an expert in this case had been treating him throughout the eight months he was on medical leave. The opinion of his personal doctor should have been relied upon because of his expertise. Donald, never having felt better is because of the medical treatment he received from his own physician who again, is an expert at treating depression.