In Malaysia. Essay, Research Paper
In 1992 the GDP per head of Malaysia was $2200 and that of Taiwan was $6600. Discuss the basis and confidence with which an economist might conclude that living standards in Taiwan were three times those in Malaysia.
-Different subsidy levels
-Exchange rate differences
-Subsistence economies
-Non-monetary transactions
-Poor bureaucracy
An economist could not confidently conclude that living standards in Taiwan were three times those in Malaysia for a number of reasons:
Different subsidy levels in the different economies can affect the GDP. If the governing body in Malaysia felt the need to subsidise what it thought of as necessities , ie accommodation, energy, and the governing body of Taiwan decided that it was best to leave their provision to market forces then the cost of the commodities would be counted towards the GDP of Taiwan, but not that of Malaysia. Even though Taiwan did not provide greater quantities of the good, it would be counted towards its GDP as a monetary transaction has been made although living standards have not been affected.
The bureaucratic administrative system in Malaysia may not be as reliable as that of Taiwan. This may lead to some figures being dubious and some calculations being misleading. The data collection procedure in Malaysia may not be as exact as Taiwan s which could lead to GDP misinterpretation.
Exchange rates can distort figures, leaving poor reflections of the actual value of the GDP figures. It may be better to use Purchasing Power Parity to give a more accurate direct comparison between the domestic value of the GDP data.
Malaysia may be largely a subsistence economy. If its production of rice, the chief staple, is met by private landowners providing for their families then these figures could not be included in the GDP calculations although there may be more than enough food available. If, to meet domestic demand Taiwan had to import large amounts of rice, then these purchases would count towards the GDP figure.
Trade may take place in the Malaysian economy which would not affect the GDP as a transaction would not be recorded, so a monetary value is not placed upon it. If the Malaysian economy is largely dependant on trade, ie the exchange of rice for wheat, then the GDP will not represent the total value of all the transactions that have taken place in the economy.
There are numerous reasons why an economist could not confidently conclude that living standards in Taiwan were three times those in Malaysia. The GDP figure is not a equitable representation of the standard of living within an economy.
Другие работы по теме:
Сети и средства связи управления
Узлы коммутации и оконечные транспортные станции, соединенные между собой абонентскими и соединительными линиями. Способы коммутации и признаки для выбирания маршрутов между оконечными транспортными станциями. Система вложенных "черных ящиков".
Generally Accepted Auditing Standards Essay Research Paper
GENERALLY ACCEPTED AUDITING STANDARDSApril 10, 1996 Generally Accepted Auditing Standards are those guidelines which auditors must adhere to while conducting an audit of a company’s or government entity’s financial statements. It must also be stated in the audit report that the audit was conducted following Generally Accepted Auditing Standards.
SinoJapanese War Essay Research Paper
“In reality the Sino-Japanese war (1894) had little significance for both the participants and other nations.” How far do you agree or disagree with this statement?
Mao A Necessary Evil Essay Research Paper
MAO: A NECESSARY EVIL The lecture that Philip Short gave on his book Mao: A Necessary Evil was a very interesting insight into the life of the controversial leader of China. He started by talking about Mao s early life, growing up in central China. There was very little outside influence there, and life was lived the same way it had for hundreds of years.
ChanLing Tien Essay Research Paper ChangLin Tien
Chan-Ling Tien Essay, Research Paper Chang-Lin Tien I am doing my extra credit paper on Chang-Lin Tien. He is a professor of engineering at U.C. Berkeley. He is the first Asian American to hold a major research position at a University in the United States. Dr. Tien was born in Wuhan, China and was educated in Shanghai and Taiwan.
Child Morality Essay Research Paper The Child
Child Morality Essay, Research Paper The Child as a Moral Philosopher In this Article ? The Child as a Moral Philosopher,? psychologist Lawrence Kolberg gives a clear description of his theory of moral development. Kolberg uses the studies of seventy-five American boys of varying ages. He also uses boys from other cultures for instance Great Britain, Canada, Taiwan, Mexico and Turkey.
Catholic Morality Essay Research Paper Morality can
Catholic Morality Essay, Research Paper Morality can be defined as being able to be good in character or conduct; virtuous according to civilized standards of right or wrong; each person has their own ?moral standards? which they consider to be right. The Catholic Church also has a version of what being moral entails.
Herodotus Essay Research Paper Herodotus Essay Herodotus
Herodotus Essay, Research Paper Herodotus Essay Herodotus of Halicarnassus was born about 484 B.C. he died 60 years later. For the time he lived in this age was very old though by today’s standards it is not. The reason why his age was so outstanding was in his time the average man live for maybe half that because of the harsh living conditions.
Busines Law Essay Research Paper If one
Busines Law Essay, Research Paper If one asks the question “what are the reasons for Taiwan’s economic success,” a person will most likely receive the answer that it is the Chinese people itself. Being born in America of a Chinese ethnic background, I have been able to summarize the Chinese Identity. This identity is one that puts the family and work first, which in turn, calls for twice the amount of work due to the family.
Schools Comparison Between Canada And Taiwan Schools
Essay, Research Paper Schools: Comparison Between Canada and Taiwan Schools School is the best place for people to be educated. Everyone has to go through this stage in order to be knowledgeable, so they can be useful in
Comparing The House Of Bernarda Alba And
Chrinicle Of A Death Foretold Essay, Research Paper In both The House of Bernarda Alba, and Chronicle of a Death Foretold, the double standards of society are clearly illustrated through sex, marriage and everyday life. These aspects of society, both in the physical form and the very concepts expose the double standards of people.
Economics Of Sex Essay Research Paper This
Economics Of Sex Essay, Research Paper This mini-paper is to study how people of different moral standard choose their one-night-stand partners. At a late stage of this paper, I will state the limitations of this theory.
Anglos Essay Research Paper In AngloSaxon literature
Anglos Essay, Research Paper In Anglo-Saxon literature and most likely in Anglo-Saxon times, men were measured by many of the same aspects of life that men are measured by today’s standards. Men of that time period were godless, fearless, fame seeking and most of all, courageous. Everyone was in search of these qualities and they achieved them by completing daring deeds, withstanding harsh conditions and they loved beating the odds.
Becoming A Heroic Person Essay Research Paper
BECOMING A HEROIC FIGURE Heroes have to consist of many things. They have to be brave, have good morals, and help out society in some way. These are only a few standards of becoming a hero. Someone can be a hero to someone else and not even know it. Not only can the big people be heroes, but the small ones as well. No matter what size or character one is he/she can become a hero.
Recognition Of The Chen ShuiBian Government In
Taiwan Essay, Research Paper Current United States policy towards the People’s Republic of China and Taiwan is the culmination of nearly three decades of trilateral diplomatic activity and is based, ostensibly, upon four policy documents. These cornerstones of Sino-American relations are the Joint U.S.-China Communiqu? of Shanghai, China, issued on February 27, 1972 ; the Joint Communiqu? on the Establishment of Diplomatic Relations Between the U.S. and the People’s Republic of China, issued on January 1, 1979 ; United States Public Law 96-8, known as the Taiwan Relations Act, approved April 10, 1979 ; and the U.S.-China Joint Communiqu?, issued August 17, 1982 .
Cultural Policy In Taiwan Essay Research Paper
Cultural Policy in Taiwan Taiwan has its own very special government system. On the central government level (relevant to the federal government), there are both president and premier in the system. The National Assembly is the representation of all citizens to the president, and the Legislative Assembly is to the premier who is in charge of the Executive Yuan, the top administrative body of Taiwan.
Ethics In American Beauty Essay Research Paper
Ethics in “American Beauty” The word ethics is derived from the Greek work “ethos,” which refers to the character and sentiment of the community, and standards of behavior. Ethical means conforming to the standards of a given profession or group. Any group can set its own ethical standards and then decide to live by them or not.
Literacy And Ideology Essay Research Paper The
Literacy And Ideology Essay, Research Paper The fate of the world is in the hands of literacy. Literacy has a relation to many parts of society s existence, including individual cultures, the ideology of those cultures and the spoken word of the people. In addition, proposing standards for good English could affect literacy.
The Difference Between Post Modern Age And
Medieval Age Essay, Research Paper I feel that medieval times and today?s times differ extremely. Many people seem to think that it is much better in today?s times, but in some ways I feel differently.
The Struggle For Taiwan Essay Research Paper
The Struggle for Taiwan Who is the legal governing body of Taiwan? A question, which has embattled two nations and almost brought the United States into war several times. Few other international situations combine the passion and possibility for disaster that this does. With the United States bound by its promise to protect Taiwan from invasion, and the Chinese govt. steadily increasing its rhetoric for Taiwan?s reunification with the mainland, we have on this small island the stage for a possible super power confrontation.
Taiwan Perspective Essay Research Paper Comment critically
Taiwan Perspective Essay, Research Paper Comment critically on at least two Taiwan futures. As United States policy states we support the “one China” idea but we will defend Taiwan if mainland China begins to attack. Thereby putting us at war with China. Taiwan would then be a free state, assuming we control and win the war, but at what cost to America? And for how long?
Taiwan Vs China Essay Research Paper John
Taiwan Vs. China Essay, Research Paper John D. Schaeffer / Geog 128 Writing Assignment #3 ?China Says Taiwan Cannot Continue Delaying Reunion? China has issued an 11,000 word report entitled ?The One-China Principle and the Taiwan Issue.? The report sends a signal to the Taiwanese government that the powers in Beijing are growing impatient with recent delays in the reunification negotiations.
Taiwan 2 Essay Research Paper Taiwan is
Taiwan 2 Essay, Research Paper Taiwan is an island located about 100 miles from China. It was originally part of China. But in 1949, the communists seized Mainland China forcing the nationalists to retreat to Taiwan. From then on, Taiwan is also known as Free China. The leaders of Republic of China, (Free China) hoped someday that the communists will be driven out of China.
Should Governments Use Private Enterprise To Restructure
Their Economies? Essay, Research Paper In the modern world, countries like Canada and the United States tend to move from the left wing to the right wing. Is this a good thing? Adam Smith’s laissez-faire theory, “The Invisible Hand”, explains the fact that the selfish of all individuals of a society ultimately combine to benefit all of society.
ChinaTaiwan Essay Research Paper After the fall
China-Taiwan Essay, Research Paper After the fall of the Qing Empire, nationalists, known as the KMT established the Republic of China. However the KMT was rife with corruption, and a new faction inspired by Russian communist ideology soon emerged to struggle for power. After World War II, the clash between the KMT and the communists continued.
Business Culture Essay Research Paper Business CultureUnderstanding
Business Culture Essay, Research Paper Business Culture Understanding one s culture is a very important key factor for your global business to be successful. In my following presentation, I will briefly discuss some key ideas that you will need to keep in mind while you are doing business in Taiwan. If you listen to me carefully, you will surely have no problem becoming a CEO in Taiwan; at least, you don t need to worry about your name appears on the headline of business entertainment section.
New Education Standards Essay Research Paper Higher
New Education Standards Essay, Research Paper Higher academic standards have moved to the forefront of education reform in the United States. In New York State, the Board Of Regents has approved 29 learning standards, adopted an all Regents exam curriculum, and is considering more rigorous state assessments and graduation requirements.
Thw Wife Of Bath Chaucer
’s Feminist Character Sketch Essay, Research Paper In the medieval period when women were viewed as property, held to sexual double standards and considered to be little more than heir-makers, Chaucer wrote a rather biting piece that draws attention to the inequalities in standards for men and women that were supported by society.
China And Taiwan Essay Research Paper China
China And Taiwan Essay, Research Paper China has always been a very interesting nation while regarding the United States Epolitical and economic status. China, being a nation of over 1.4 billion (almost + of the world) has remained a superpower among nations due to its enormous landmass, and population.
China And Taiwan Essay Research Paper The
China And Taiwan Essay, Research Paper The prospect of China’s eventual reunification with Taiwan is, Beijing’s Foreign Ministry spokesman insists, “purely an internal affair of China’s.” A report that China has been using American scholars to send bellicose messages to Washington about Taiwan is, he says, “entirely groundless.” Yet as campaigning gets underway in Taiwan for the island’s first-ever direct presidential election, scheduled for March 23, concern is rising in Beijing over Taiwan’s hunger for international recognition and its apparent cooling toward the notion of eventual reunification with the mainland.
My Trip To The Philippines Essay Research
Paper My Trip To the Philippines In September 1989, when I was 11 year old, I came to Philippines during my short vacation. My father brought the whole family, also my cousin Jimmy. We spent 5
To Kill A Mockingbird Life Styles Essay
, Research Paper A child in 1930’s Alabama had a life much different than the life of a child growing up in today’s modern society. As opposed to today’s standards, education was less civilized. Their home life was not as privileged or as entertaining, and their place in society was much more trivial, and planned out.