2012 Election Essay Example | Topics and Well Written Essays - 750 words

2012 Election - Essay Example Based on all of the aforementioned issues and after balancing pros and potential cons related to both candidates, it has been determined that Mitt Romney would be the best leader for the United States. First, in relation to the economy, Barack Obama has a proven track record of failures associated with economic policy and stimulus package development to prevent the company from experiencing a recession. This current president maintains a very large group of economic advisors to provide him information and strategies that will help the macro- and micro-economic environment. It does not appear that this president maintains the academic or experience-based credentials to understand the complex dynamics of economic theory and inter-dependent financial institutions that drive growth and sustainability in the economy. It becomes a cause for concern when an individual who is responsible for dictating economic policy must rely on a basket of knowledge sources to make decisions. Mitt Romney maintains much experience-based knowledge of business and financial investment institutions and therefore can rely on their own tangible knowledge to make effective economic decisions. It is difficult t o trust the economic policy of an individual with no formalized training in advanced economic development or experience working within the investment and financial communities. Barack Obama also does not seem to understand the importance of a crumbling and inefficient infrastructure that supports retail, physical urban sustainability, and how physical infrastructure failures have long-term safety consequences for citizens. Many of the bridges and highways in America, as two examples, have been deemed unsafe by experts in safety management nationwide. In certain urban areas, they are literally falling onto vehicles as they pass underneath overpasses with the rebar exposed and potholes

Emerging markets Essay Example | Topics and Well Written Essays - 1000 words

Emerging markets - Essay Example Emerging markets are becoming the fastest drivers of global development. These markets are expected to grow twice or thrice the number of developed countries like the United States. The public investor continues to underweight these developing markets in their collections. Corporate profits seem to grow rapidly when there is a higher economic growth. One of the reasons why developed markets like the U.S have been ranked high is because of the development of markets outside the country. Some nations are borrowing a leaf from the U.S and are performing well as emerging markets. They include Brazil, Indonesia, Chile, Israel, Egypt, Turkey, Pakistan, Russia, Peru, and Korea. In this context, Turkey and Peru are the markets discussed, putting in mind that some of the factors that have contributed to their emergence are: The significance of trade, the role of the government, investments and savings, and education among others (Larrain, Helmut &Maltzan 67). Factors that have allowed Turkey to move up the development ladder Importance of investments and savings Historically, Turkey has been dependent on developed markets for a huge portion of its investments and savings. However, the country is now focusing to engage in more business with other regions of the world, with the Middle East, Asia, and Africa included. It is this shift in focus that is accelerating the growth and investment of Turkey. In addition to this, Turkey has in recent years overcome a sequence of economic and political challenges and is now benefiting from a period of solid and stable economic growth, which enables it to grow at least five percent yearly. Its world class characteristics include the strategic position at the crossroads of the Middle East, Europe, and Asia. To add on these strategic positions, the huge size of its domestic markets also attracts some investors, who remain confident about the country’s features. The goods market below shows relationship between the savings and in vestments of Turkey at equilibrium. The role of the government, its policies and programs The structural transformation of Turkey was generated by political stability and economic reform. First, the newly implemented FDI frame law by the government marks the foremost instalment of this economic reform to alter the investment setting in the country and make it attract global investors. The FDI frame law ensured equal treatment to all investors regardless of the initial authorization request to move dividends freely, to be guarded against expropriation, to get access to real estate, and to hire emigrants. Turkey reduced corporate tax from approximately 33% to 20% for each company. The reason for doing these was to make Turkey one of the leading liberal nations worldwide in terms of the investment environment and for FDI framework. The consequence of this transformation have been promising and significant, since the country started to grow at a faster rate after 2001 and it now has the utmost industrial power as well as the one of the leading free-market economies. The economic programs were founded on a powerful macroeconomic policy framework. Some of the broad-ranging structural government reforms are a key renovation of the banking system. A liberal foreign investment government, a better investment atmosphere, and privatization are the major pillars of government reform. The economic programs joined with supervisory and regulatory reforms improved the Turkish economy’s toughness to shocks. Consequently, Turkey emerged from the international crisis to be among the globe’s fastest-growing economies (Aguiar, & Gopinath 23). Educational level The availability and access of highly learned personnel is a position-specific element that has made Turkey emerge economically. High educated person are highly required by businesses that invest in technological businesses and have assets in skills like the capabilities to develop intangible or differentiated products. The presence of elites in interaction with labour