Using the two articles and any relevant primary sources, compare the Assignment

Using the two articles and any relevant primary sources, compare the role of youth culture in these two decades. In these two decades, to what degree did youth - Assignment Example This difference was fresh latitude in experience. In addition, the youth experienced an increase in individual liberty, new-fangled communicative nurture, and more room for experimentation. Therefore, this implies that the youth culture played a critical role in altering American history. Only a few youth were interested in imitating the lives of their professors, or in caring immensely for books. In addition, Cmiel also argues that the youth were immensely tolerant in attitude since their schools played a critical part. It is of the essence to say that instructions exposed the youth to the relativism of philosophers and writers who had long prepared the ground for youth’s beliefs and values (Cmiel, 462). Moreover, this fresh latitude in familiarity detached the youth from their parents as well as the American past. The majority of the youth was sent to school rather than vocation. This necessitated adjustments at a time when aged attitudes towards sex, religion, and manners paved way for newer practices such as dating, movies, communal work patterns, and Sunday golf. This implies that this culture adopted by the youth also played a decisive role in altering American history. The youth turned enthusiastically to what was innovative in the culture, and did it with utmost delight and excitement. When the youth in the early twenties altered adult standards of respectabili ty in sexual behavior, and even expanded the possibilities of women’s behavior, they were efficiently directing individuals away from adult norms, generating and approving fresh social patterns (Cmiel 463). Therefore, it is worth mentioning that youth culture played a significant role in altering American history. As the youth opposed prohibition and drank liquor, they were merely denying the exigency of adult norms, rebuffing the perception of a static standard of morality, and questioning the legitimacy of adult laws (Cmiel 464). In adjusting to adult standards, they became

Inter Industry and Intra Industry Trade Essay Example | Topics and Well Written Essays - 1750 words

Inter Industry and Intra Industry Trade - Essay Example on, and import goods to countries they lack their own production, or where products can be manufactured with poor cost-effectiveness, owing to factor scarcity, intensively used for goods production. Under such circumstances, a country does not generally export and import the same product type. Inter-industry trade is in direct contrast to intra-industry trade that is a result of ‘imperfect’ competition between nations having identical factor endowments (Falvey and Kierkowski, 1987, 143-161). Examples of intra-industry trade include technology, beverages, minerals and automobiles. As per the definitions provided by OECD, intra-industry trade can be viewed through intra-industry trade measurements: a) â€Å"Trade in similar products (â€Å"horizontal trade†) with differentiated varieties (e.g. cars of a similar class and price range); b) Trade in â€Å"vertically differentiated† products distinguished by quality and price (e.g. exports of high-quality clothi ng and imports of lower-quality clothing)† (OECD, Glossary of Statistical terms, 2007). There are two different forms of intra-industry trade: Horizontal intra-industry trade: this comprises of simultaneous imports and exports of products categorised within an identical industry, and at an identical processing stage, therefore, based primarily on product differentiation, as for example, Korea’s export and import of cellular phones at the same time, at a same processing stage (Grubel, and Lloyd, 1975). Vertical intra-industry trade: This comprises of imports and exports of products at the same time within the same industry sector, but at a different processing phase. It is based on a growing ability to arrange for production fragmentation into various stages, each occurring at different places, and taking advantage... This report approves that countries export products where factors can be intensively used for goods production, and import goods to countries they lack their own production, or where products can be manufactured with poor cost-effectiveness, owing to factor scarcity, intensively used for goods production. Under such circumstances, a country does not generally export and import the same product type. Inter-industry trade is in direct contrast to intra-industry trade that is a result of ‘imperfect’ competition between nations having identical factor endowments. This report makes a conclusion that currently under increased instances of globalisation, intra-industry trade has turned into an essential part of global macro-economic activities, which is beneficial as regards bringing in stability at a macro-economic level, increasing the number of products of the same type within the market giving a consumer more choices and advocating innovation. This trade is primarily based on the advantage where it allows consumers to have at their disposal a larger range of products at cheaper rates, while allowing producers to acquire economies of scale in goods manufacture by giving them an access to a wider global market. With an overall rise in output, fixed costs are disseminated over a wide range of units, thus decreasing the corporation’s average production cost. Therefore, despite various debates on its rightful place within the realms of economic theories, intra-industry trade occupies an important position within the realms of modern intern ational trade.