Thursday, February 13, 2020

Media Log 4 Essay Example | Topics and Well Written Essays - 250 words

Media Log 4 - Essay Example At an encounter with her therapist, she also confessed to behaving in similar manner for a very long time in her life as she has always wanted to please all people around her. Her rationale for doing this was that her own people did not understand her. Indeed, this is an exemplification of how distant modern family members are even though they may all live together in the same house. It had to take Claire going to Alex’s school to experience a similar situation where she was made to solve a mathematical problem to realise how distressing it could be for anyone to be put under pressure or put him or herself under pressure with the goal be pleasing others. From the episode, one is forced to ask if members of today’s modern family really live independent lives. This is because if Alex had learnt the act of living independently, she would not have probably worried herself about the need to put herself under pressure to please others. But then there the real issue could be t hat the family expects so much from its

Saturday, February 1, 2020

Canadian economics Essay Example | Topics and Well Written Essays - 2500 words

Canadian economics - Essay Example During the first half of 2003, a rapidly appreciating currency cut deeply into net exports in most Canadian traded goods industries. The auto industry was among the hardest-hit sectors. Automotive products have traditionally generated an important trade surplus for Canada, offsetting continuing large trade deficits in most other high-value and high technology manufacturing products. Already, however, the appreciating dollar has reduced Canada's automotive trade surplus by 50 percent (compared to the first half of 2002). Short-run impacts of a higher dollar include both reduced real shipments and shrinkage in the domestic value of Canadian exports (most automotive exports are priced in U.S. dollar terms). Even more important longer-run impacts could include the relocation of new investment to alternative jurisdictions, as Canada's relative cost competitiveness is eroded. If the exchange rate stays at current levels or higher on a longer-run basis, Canada could feasibly become a net im porter of automotive products within 5 years. On average, hourly labor productivity in Canada's manufacturing sector is approximately 15 percent lower than in U.S. industry. Given the current differential in nominal hourly compensation costs between the two countries (hourly total compensation costs in Canadian manufacturing average just over $25 Cdn., whereas total hourly compensation costs in U.S. manufacturing are about $21.50 U.S.), this creates a nominal unit labor cost disadvantage (measured in national currencies) that must be offset by the exchange rate between the two currencies. When the Canadian dollar trades at approximately 72 cents U.S., average manufacturing unit labor costs in the two countries are equalized. If the dollar is above that level, therefore, Canadian manufacturing (on average) faces a unit cost disadvantage that will spark the long-run outward migration of investment and employment (the opposite of what occurred in the late 1990s when the Canadian dollar traded for less than 72 cents U.S.). The Rising Canadian Dollar and its Impact on the Canadian Auto Industry, Testimony of Jim Stanford Economist, Canadian Auto Workers Before the Standing Committee on Foreign Affairs, Senate of Canada, October 8, 2003 http://www.caw.ca/visual&printlibrary/speeches&briefs/briefs/senatetestimonyonthedollar.pdf Is Canada now at risk of catching the Dutch disease What is the evidence When it gains ground against the U.S. dollar, for example, Canadian exporters lose ground because their products become more expensive for U.S. buyers. It's simply harder to compete. Since 2002, Statistics Canada says 189,000 manufacturing jobs have disappeared in Canada. The agency places the blame squarely on the soaring loonie. But some economists say the difficulties of adjusting to a higher loonie will help exporters in the long run, because they've had to take measures to improve efficiency. The days of relying on a cheap loonie to help them sell in the U.S. are long gone. Cheaper U.S. dollars also provide Canadian companies with an opportunity to invest in U.S.-made tools that make them more competitive. Much of the software and machinery Canadian companies