This website uses cookies to ensure you have the best experience. Learn more

Sliding Greenback Boosts Economy Essay

584 words - 3 pages

Journal Date: 20 May 2003Title: "Sliding greenback boosts economy", South China Morning PostAuthor: Kelvin ChanSummary:Not only Asian countries cannot recover their economies, but also in US, she is suffering from the economic down turning for a long time, after the worldwide economic deterioration.In recently, US dollar's deepening slide against the euro and other main currencies. Thus, the lower level dollar exchange also occurs in Hong Kong, because of the linked exchange rate with US dollars. However, according to some economists and business leaders said, this phenomenon would cause some positive effects on Hong Kong. For instance, the lower costs and prices, and it will lead Hong Kong to be a more competitive city.Actually, many investors ...view middle of the document...

In addition, some professors point out that, although the slide of US dollars cause out a benefit to Hong Kong, there only has very little effect on it; it will only slightly pick up the export of Hong Kong, because most of Hong Kong's imports are from the same places its exports go to.Analysis:In the past, US mainly concerned on how to apply the policy in order to strong US dollars. And many investors like to hold greenback as their currencies, because of the stability of US dollars.Indeed, the higher US dollar can have several advantages. One of the examples is that it can help to collect money easily, since people like to invest in US stock market. And it helps to convey US dollars to be a main currency in international.On the contrast, the strong US dollar also leads out some problems. As the exchange rate in US increases, the cost of manufacturing product increases, such as labor cost, rent, and therefore, the price of products are also increasing. Due to the increasing in costs, the attraction of its products decrease, so it will affect the exporting in US.Moreover, the problem of economic performance among US in recent years and the global deflation is becoming serious and serious. Thus, US Treasury Secretary started to give up the strong US policy, and changed into lower the greenback exchange rate to boost economic growth. As the lower US exchange rate can help to reduce the production cost and raise the attractive of US, the economy may be growth as well, and the deflation can also be control.However, according the statistic, the central back many underestimate the risks of deflation, so beside the monetary policy, other policies such as fiscal policy and structural measures have to be used in order to control the continuously occurs of deflation.

Find Another Essay On Sliding greenback boosts economy

Enlightenment Thought in New Zealand Schools

1594 words - 6 pages In this essay I will be looking at how the political and intellectual ideas of the enlightenment have shaped New Zealand Education. I will also be discussing the perennial tension of local control versus central control of education, and how this has been affected by the political and intellectual ideas of the enlightenment. The enlightenment was an intellectual movement, which beginnings of were marked by the Glorious Revolution in Britain

Psychological Egoism Theory Essay

2240 words - 9 pages The theory of psychological egoism is indeed plausible. The meaning of plausible in the context of this paper refers to the validity or the conceivability of the theory in question, to explain the nature and motivation of human behavior (Hinman, 2007). Human actions are motivated by the satisfaction obtained after completing a task that they are involved in. For example, Mother Teresa was satisfied by her benevolent actions and

How Celtic Folkore has Influenced My Family

1587 words - 6 pages Every family has a unique background that influences the way they live and interact with other people. My parents, who emigrated from Ireland to the States with my three brothers in 1989, brought over their own Celtic folklore and traditions that have helped shaped the way our family operates and lives. One aspect of folklore that has helped shape my family dynamic is the Celtic cross—both its background and what role it has played in our lives

Julia Margaret Cameron

1406 words - 6 pages At a time when women were looked upon as being homemakers, wives, mothers and such the late 1850's presented a change in pace for one woman in specific. Photography was discovered in 1826 and soon after the phenomenon of photography was being experimented with and in turn brought new and different ways of photo taking not only as documenting real time, but also conceptualizing a scene in which an image would be taken. Julia Margaret Cameron will

Evaluation of School Improvement

1403 words - 6 pages The evaluation process should be progressive to incorporate overall planning, implement changes, which contribute to success. In order to focus on school climate and norms, the evaluation design must include the students, instructions, and outcomes to improve communication and building-level concerns to be address in this response. School Climate and Social Norms The school principal, other staff leaders, and personnel set the tone and the

Case Study: The Benefits of Animal Testing

1757 words - 7 pages Nine year old Amy has already had a rough start in life. She was born with an abnormal heart that hinders her everyday activities. Amy is unable to keep up with kids her own age because she often tires out easily. As a consequence, she has very little friends and is often alone. Amy is forced to take different medications everyday just to survive. Amy’s life consists of medicine, doctors, and constant hospital visits. However, Amy is due for a

Myth and Magic: Realism in "One Hundred Years of Solitude"

1531 words - 6 pages “He enjoyed his grandmother's unique way of telling stories. No matter how fantastic or improbable her statements, she always delivered them as if they were the irrefutable truth” (Wikipedia, 2011). Experiences are particular instances of one personally encountering or undergoing something and in these moments of time life changes for the best or the worst and memories are formed. These recollections such as riding your first bicycle, going to

Adiponectin: a Novel Indicator of Malnutrition and Inflammation in Hemodialysis Patients

2384 words - 10 pages Objective Protein-Energy malnutrition (PEM) and inflammation are common and overlapping conditions in hemodialysis patients which are associated with increased risk of morbidity and mortality. Adiponectin is an adipocytokine which is exclusively produced by adipose tissue. Few studies in hemodialysis patients have demonstrated that serum levels of adiponectin were significantly higher in malnourished patients compared to well-nourished ones. The

The Congo Free State: A Legacy of Apathy, Exploitation and Brutality

2298 words - 9 pages Between 1885 and 1908, Belgium’s Leopold II ruled Congo, a region in central Africa, as his personal colony, exploiting the resources and inhabitants for his own gain. Leopold allowed and encouraged Europeans and other Westerners to enter Congo and set up companies whose primary purpose was to gather rubber, which was abundant but difficult to get to in the Congo, using the Congolese as the laborers for the Europeans. Rubber gathering in Congo

Selective Exposition in The Lottery, by Shirley Jackson

1073 words - 4 pages Usually when someone hears the word “lottery” the first thing that comes to mind is a large sum of cash that people compete against highly impractical odds to win. Shirley Jackson’s story The Lottery might imply a similar conception based on the title alone, but the story is filled with unknowns never revealing exactly when and where the story takes place, or why the lottery exists; even what the lottery is isn’t revealed until the very end. Yet


1857 words - 7 pages INTRODUCTION I remember when I was a young child; I would always be scared whenever there was a severe storm outside that included thunder and lightning. This was especially true in the hours of darkness, when you could really see the lightning. As I grew older this so-called fear of lightning turned into a fascination for this weather phenomena. One of my most vivid memories of lightning as a young man was when I was flying to Florida, the

Similar Essays

Market Audit Research Plan: Dell Inc

4080 words - 16 pages attempted to reduce costs through offshore customer service.Some of the issues in Dell's sliding customer service grades have been outside of their direct control. More competitive pricing from within the industry and a difference in the value of service and support by customers has been part of the issue. The key issue has been the poorer service provided by Dell over the last few quarters. Dell's offshore operations in India were closed due to the

When The Bubble Burst Essay

1539 words - 6 pages Relief Program (TARP) many of the funds were used poorly because the investment banks didn’t acknowledge their risky investments, the funds should have directly helped consumers hurt by the mortgage crisis, government financial relief efforts have had a minimal effect on the economy. The Troubled Asset Relief Program was created during the financial crisis of 2008. The programs purpose was to buy bad assets from banks in the form of a low

Phase Diagram Essay

4456 words - 18 pages Introduction: Chemical equilibrium is a crucial topic in Chemistry. To represent and model equilibrium, the thermodynamic concept of Free energy is usually used. For a multi-component system the Gibbs free energy is a function of Pressure, Temperature and quantity (mass, moles) of each component. If one of these parameters is changed, a state change to a more energetically favorable state will occur. This state has the lowest free energy

Revolutionary Work Of Art Essay

1890 words - 8 pages Walter Benjamin emphasizes in his essay, “The Work of Art in the Age of its Technological Reproducibility” that technology used to make an artwork has changed the way it was received, and its “aura”. Aura represents the originality and authenticity of a work of art that has not been reproduced. The Sistine Chapel in the Vatican is an example of a work that has been and truly a beacon of art. It has brought a benefit and enlightenment to the art