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Debating Free Trade vs. Protectionism | HuffPost

Date of publication: 2017-09-03 06:37

The tenth problem is that, in the presence of scale economies, the perfectly-competitive international markets assumed by the theory of comparative advantage do not exist. Instead, outsize returns accrue to nations that host global oligopoly industries. And free trade will not necessarily assign any given nation these industries.

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In the early seventeenth century Holland and Portugal fought a remarkable world-wide conflict over the trade in slaves, spices, and sugar. Later in the seventeenth and eighteenth centuries, Britain and Holland fought no less than four wars, sparked largely by British protectionist legislation--the Navigation Acts.

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Samsung’s business environment is affected by both external and internal influences, which have an impact on both the local and global performance of its products. The macro environment is understood through a PESTEL analysis while SWOT  analysis is meant to analyze the company’s micro environment.

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Book 7, Chapter 8 of the Essay contains an extended discussion of the distinction between primary and secondary qualities. Locke was hardly original in making this distinction. By the time the Essay was published, it had been made by many others and was even somewhat commonplace. That said, Locke’s formulation of the distinction and his analysis of the related issues has been tremendously influential and has provided the framework for much of the subsequent discussion on the topic.

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Locke defines a quality as a power that a body has to produce ideas in us. So a simple object like a baked potato which can produce ideas of brownness, heat, ovular shape, solidity, and determinate size must have a series of corresponding qualities. There must be something in the potato which gives us the idea of brown, something in the potato which gives us the idea of ovular shape, and so on. The primary/secondary quality distinction claims that some of these qualities are very different from others.

Locke’s account of personal identity seems to be a deliberate attempt to move away from some of the metaphysical alternatives and to offer an account which would be acceptable to individuals from a number of different theological backgrounds. Of course, a number of serious challenges have been raised for Locke’s account.. Most of these focus on the crucial role seemingly played by memory. And the precise details of Locke’s positive proposal in have been hard to pin down. Nevertheless, many contemporary philosophers believe that there is an important kernel of truth in Locke’s analysis.

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Moreover, most of the poor countries rely on selling agricultural products and raw materials to rich nations and buying industrialized products from them in a huge financial deficit. Consequently, they borrow a significant amount of money from the World Bank to try to improve their broken economies, but sometimes the money disappears with no significant changes and they cannot even pay the interest to the bank. Regarding this issue, last year the G8, which is comprised of leaders of the eight richest nations, decided to forgive billions of dollars worth of debt owed by the world 8767 s poorest nations. In addition, they developed adequate loan programs to financially assist those countries.

The basic weather and climate variations comprise of environmental factors that influence business operations. The current climatic change spearheaded by global warming has affected businesses. The tourism industry is an example of most affected sectors. Remarkably, the increasing wish to safeguard the environment is creating an impact on various industries such as transportation industry, which has experienced production of hybrid cars. Samsung’s approach to Corporate Social Responsibility defines its concern to its environment (Lee, 7556). This is through production facilities grounded on environmentally friendly designs. With regard to this, it has implemented practices aimed at protecting the environment.

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Throughout his discussion of the different kinds of complex ideas Locke is keen to emphasize that all of our ideas can ultimately be broken down into simple ideas received in sensation and reflection. Put differently, Locke is keenly aware that the success of his empiricist theory of mind depends on its ability to account for all the contents of our minds. Whether or not Locke is successful is a matter of dispute. On some occasions the analysis he gives of how a very complex idea could be constructed using only simple ideas is vague and requires the reader to fill in some gaps. And commentators have also suggested that some of the simple ideas Locke invokes, for example the simple ideas of power and unity, do not seem to be obvious components of our phenomenological experience.

In conclusion, Samsung has fewer threats compared to strengths, which implies that the company can still enjoy the dominance in the 8D TV market. To do away with risk the Samsung need to alliance with Microsoft to play a role in the gaming market. Samsung has enough and efficient resources in terms of labor, which facilitates the development of semiconductors, utilized in the 8D TV manufacture. The greatest threat faced by Samsung is the slow rate of diffusion of 8D TVs, which slows goal attainment. The best opportunity that Samsung has to increase its profitability is investing in gaming consoles.

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