Graphic Organizers For Essay Writing: Why Use One?

<h1>Graphic Organizers For Essay Writing: Why Use One?</h1><p>If you are presently composing a paper on a subject that is imperative to you, at that point you should think about utilizing a realistic coordinator for article composing. The sort of coordinator that you pick can rely upon the topic that you are attempting to address, however they can likewise make life a lot simpler for you in a few other ways.</p><p></p><p>The first thing that you should think about realistic coordinators for article composing is that they are not as simple to discover as you would might suspect. It is imperative to recall that most center schools and primary schools don't generally have any kind of expert book shops in their region. Truth be told, numerous individuals who need to buy a coordinator for paper composing should burn through cash on voyaging and searching for places where they can get one.</p><p></p><p>In expansion, the topi c of your exposition is presumably going to be significantly more hard to make sense of than if you utilized an in sequential order posting, however a realistic coordinator for article composing is something that you can look into online for nothing. In the event that you can, attempt to stay with subjects that are either effectively secured or which are natural to you. This is going to make it a lot simpler for you to work through the point in a sorted out fashion.</p><p></p><p>Finally, consider how your papers are going to look when you are done thinking of them. By utilizing a realistic coordinator for article composing, you can exploit the way that you will have the option to print them off so you can show them off to your schoolmates or to different instructors. Since there are no guidelines directing what subjects ought to be shrouded in a paper, various individuals make it a point to incorporate photographs and outlines all through their essay.</p&g t;<p></p><p>A extraordinary approach to utilize a realistic coordinator for article composing is to utilize the photos and representations in your exposition to feature key focuses and even explain words for your colleagues. You can even utilize them as an enhancement to the primary thought in your paper, as opposed to attempting to compose the whole thing without any preparation. This is certainly a superior thought, in light of the fact that in any event, when you are utilizing a moderately new method for making your expositions look proficient, you can in any case establish a decent connection with the individuals who see your work.</p><p></p><p>To close, utilizing a realistic coordinator for paper composing is an extraordinary apparatus for individuals who are composing center school and primary school articles. You can utilize this manual for assist you with utilizing it all the more successfully. In any case, before you begin, you shou ld consider what subjects you should cover, regardless of whether you will require a rundown and the advantages of utilizing one.</p><p></p><p>For model, in the event that you were attempting to arrange material for a class venture, you may utilize a realistic coordinator for article composing rather than an ordinary book. Your understudies will thank you for this, since they will learn more when you can more readily arrange your musings into progressively sensible pieces.</p><p></p><p>These are only a couple of things to consider when you are taking a gander at utilizing a realistic coordinator for exposition composing. Recall this can make life a lot simpler for you and your understudies in the event that you use them properly.</p>

Introducing Victorian Essay Topics

<h1> Introducing Victorian Essay Topics </h1> <p>Bear as a top priority which you can cause entertaining pugnacious expositions in the event that you to do a couple of things. Recall which you need to uncover the best about yourself. There is nevertheless one way to deal with learn. In case you're permitted to openly pick what things to compose without anyone else, use the opportunity to make something extraordinary. </p> <p>Additionally, washing garments was another intense task. Pick something you're in a situation to examine or portray and something which will introduce your great characteristics to your educator. Your absolute first thought is about in every case liable to be excessively critical. There's bounty if helpful data with respect to the Web.</p> <h2>The Appeal of Victorian Essay Topics </h2> <p>There are loads of perspectives about a game which can be contended in a paper. Print culture was additionally enormous and different, helped by generally huge proficiency costs. Instruction researchers are consistently advancing the way that they consider how we realize and what's educated. Research-based points expect understudies to collect data till they compose. </p> <p>Think of one thing you're required to learn in school that you don't think should be remembered for the educational plan. A few leisure activities are just preoccupations. Prior to settling on your choice, it's important that you put cash into an understanding of what Victorian writing is fundamentally about and note the period it was written in. The plan of allotting an article to center school understudies is to make mindfulness and grant them to create composing abilities. </p> <p>Studying should comprise of assignment of exposition that contends a particular thought. Also, a postulation shouldn't be one sentence. </p> <p>Don't disregard to bring a solid snare toward the start (presentation section) and end up with a great end to procure the peruser need to discuss the fascinating enticing exposition subjects of your choice. A postulation must be doubtful like in a factious or influential article to make the perusers wish to discuss. In this manner, it's imperative to peruse relating organizing guide.</p> <h2> Most Noticeable Victorian Essay Topics </h2> <p>Writing prompts are among the best strategies to make certain authors who adopt joy in the strategy. You can't compose as you want. </p> <p>you have a chance to return and totally re-do an occasion in your life. It is a unimaginable undertaking to compose a fabulous history paper in the event that you expound on something you discover exhausting and couldn't care less about at all. Each family needs to have an unadulterated fiasco endurance program. Each American ought to figure out how to communicate in Spanish. </p> <h2> Victorian Essay Topics Secrets That No One Else Knows About</h2> <p>The City Council needs a high schooler for a part to represent your age gathering. School ought to happen in the nights. All year school is certainly not a smart thought. </p> <p>Imagine your school doesn't claim a school paper. Recommend a few different ways understudies may work with one another to improve the school soul in your school. Frequently, kids had exactly the same character from their folks. Understudies should be allowed to supplicate in school. </p> <h2> Victorian Essay Topics - Overview </h2> <p>Once you appreciate the type of paper, it's an ideal opportunity to pick a point. Most history paper points are too large for a few pages. On the rival side, gaining a rundown of good influential article points is deficient. In the event that you need the subject of your history paper, you will take pleasure in doing research for it. </p> <p>To pick which subject you're probably going to talk about, it's fundamental to see the total assortment of good powerful discourse themes from the exceptional zone of study. Whatever you decide to do, all the points are on the house from us! On the off chance that you have the opportunity to pick, start with picking a theme that is reasonable for inside the arrangement you've been given. At the point when it very well may be hard to rouse youngsters to create expositions, the mystery is to present subjects or issues that they're keen on. </p> <p>When it has to do with the center school, the factious article comprises of moderate themes. It's obviously that you ought to pick a subject that you view as fascinating. It is critical to choose an incredible subject to have the option to make a decent paper. There are a couple of incredible points to think about while choosing subject for your contentious exposition. </p>

Essay on Critical Thinking Skills

Essay on Critical Thinking SkillsWriting an essay on a critical thinking skill is not easy because if you do not learn these basic steps, you may find it very difficult to write an essay that will pass a deadline. In order to have a successful essay, you need to make sure that you learn the fundamentals of this skill. Therefore, the following are the basic steps on writing an essay on a critical thinking skill.The first, essential step in writing an essay on a critical thinking skill is to clarify your thinking. You must be able to state the points clearly and intelligently. When you can do this, you will be able to effectively express your thoughts in a concise way. Your essay will also be more convincing because you will be able to get your point across with minimum effort.Another thing that you need to remember is that, you cannot express everything in a single thought; you will have to learn how to communicate to different levels of thinking. For example, if you would like to wri te an essay on the difference between your favorite and your least favorite foods, you will need to separate your thoughts so that you will not only be able to express what you think but also to build up a foundation to build a healthy relationship with your significant other. Here are some tips on how to create a meaningful essay on a critical thinking skill.Your essay will need to have a solid structure, so the importance factor will become very important. It is important to plan your writing exercise. Therefore, you must determine the sequence in which you will organize your thoughts, words, or ideas. For example, in order to write an essay on the difference between your favorite and your least favorite foods, you should divide your thoughts into two categories: a good and a bad.The next most significant aspect of writing an essay on a critical thinking skill is to organize your ideas or thoughts. By organizing them, you will be able to structure your essays in such a way that yo u will be able to easily see the relevance of each idea and sentence.The third step is to keep your writing short. A one or two page essay may be enough to express your point. However, for the average essay, you should aim to write an essay that is at least ten pages long. The reason why you should do this is because this will enable you to express your thoughts in a clear and concise manner.The fourth step on writing an essay on a critical thinking skill is to structure your essay. To do this, you should outline your essay first so that you will know where to start. In addition, you should also know where to end up so that you will not become confused. For example, you should know where to conclude the essay so that you will be able to easily edit and rewrite the work if needed.The last important step on writing an essay on a critical thinking skill is to practice it. Because writing an essay on a critical thinking skill is an important skill to have, you should practice your skill s on a regular basis.

Writing a Compass Test Essay Topic

Writing a Compass Test Essay TopicWriting a Compass Test Essay Topic is always tricky, but as long as you are careful and accurate, you can do it. To help you with this project, here are some pointers.There are only a few key questions to look for when looking for the best compass test essay topics. The first thing you should remember is to narrow your focus. If you have an idea of what you are writing about, that will help you decide which test questions to include.Then, it is time to narrow down your topic even more. This is critical, because you need to find a balance between providing plenty of information for the test taker and giving them enough information to show why they should choose you as their thesis advisor. Focus on making your topic interesting and not just cramming information down the test taker's throat. Give them only what they need to know to understand your topic.It is also important to remember to use sample test questions to help you see where you might be hea ding wrong. These are brief test questions that you will be given in advance, so you can keep an eye on yourself as you read the essay questions.Finally, make sure you start out with some easy compass test essay topics that you know will be easy for you to write, so you don't overshoot. Give yourself plenty of time to complete each one and make sure you have plenty of time to revise any areas you feel have problems.Writing a Compass Test Essay Topic is very important, and I hope this article has helped you. Good luck!Thank you for visiting our website on Compass Test Essay Topics. If you need help writing your own Compass TestEssay Topic, you can take advantage of the help of a qualified guide who can guide you through the process. We will help you gain the competitive edge needed to pass your exam and get into that good school of thought.

Decades Have Witnessed an Acceleration of Economic Globalisation Free Essays

string(167) " points made above it’s essential to consider the theories of international trade, as comparative advantage is an important concept for explaining pattern of trade\." ‘Recent decades have witnessed an acceleration of economic globalisation, in particular international trade. Is trade openness the key strategy to achieve economic development? What lessons could you draw for policymaking? Support your arguments with economic theory and empirical evidence from developing countries’. Introduction In this essay, I shall critically examine the statement put forward – and test whether trade openness is the key strategy to achieving economic development, and from this consider whether we can conduct further analysis upon whether there are any lessons that can be obtained from this in regards to policy making. We will write a custom essay sample on Decades Have Witnessed an Acceleration of Economic Globalisation or any similar topic only for you Order Now To focus our discussion; using relevant empirical evidence, I will relate this essay primarily towards developing countries, enabling us to gain a clear understanding of the task at hand. It is of importance that we first briefly explore how the literature define and pursue globalisation; this is done in the next section. The remainder of the essay will be dedicated on segments on economic theory of international trade, the relationship between trade openness and economic growth, we will then draw upon empirical evidence, the negatives of trade openness, and lessons for policy making. Finally I will offer my concluding remarks. Before delving into the core aspect of the essay, it’s essential to consider the underlying reason towards trade liberalisation in international trade; globalisation and also provide a definition of trade openness. Globalisation can be considered as an important rhetoric of contemporary international relations. The term globalisation is often invoked to describe the process of increasing interdependence and global enmeshment through a variety of economic, cultural, social and, political changes that have shaped the world over the past five decades. Hurrell Woods, 1995; Guttal, 2007) Globalisation is considered a form of capitalist expansion that entails the integration of local and national economies into a global, unregulated market economy through an increase in international trade by increases in exports and imports of nations which has been widely regarded as being facilitated by international trade agreements post world-war II. The extent of integration is outlined in table 1 where we can see that there has been increase in the ratio of trade to gross domestic product (GDP) when integration had been apparent from 1870 up until 1914 the eve of World-War I. Integration was halted during the periods of the two world wars and the era of the Great Depression. During this period protectionism was rife, which saw the integration of trade and foreign asset ownership revert back close to their levels in 1870. (Dollar, 2005) Table 1: Measures of Global integration Adapted from Dollar (2005) Table 1: Measures of Global integration Adapted from Dollar (2005) In recent decades there have been various literatures invoking continuous debate discussing whether there is positive correlation between economic growth and trade openness. Advocates thoroughly support that trade liberalisation induces an increase in economic growth; whilst critics hold that protectionism is the essence to increased economic growth. The WTO (World Trade Organisation) and GATT (General Agreement on Tariffs and Trade) have shaped and influenced the integration of global markets through much debate, discussion and reciprocation, agreements have been established, aiming to promote the vision and objective of trade openness by lowering barriers to trade. Developing countries have been primarily on the agenda throughout the history of the GATT and WTO in order to promote development in these countries as WTO’s Mike Moore as cited in Rodrik (2001) puts it, â€Å"the surest way to do more to help the poor is to continue to open markets. † Trade Liberalisation Paradigm Vs. Protectionism Paradigm â€Å"More open and outward- oriented economies consistently outperform countries with restrictive trade and [foreign] investment regimes. † OECD (1998, pp. 6, cited in Rodriguez Rodrik,1999) â€Å"Policies toward foreign trade are among the more important factors promoting economic growth and convergence in developing countries. † IMF (1997, pp. 84, cited in Rodriguez Rodrik, 1999) Despite such claims, historically during the 1960s, and 1970s although the GATT aided the reduction of trade barriers, it was apparent that many developing nations continued to venture in the protectionist perspective to facilitate in dri ving economic growth. Nations in Latin America and in some African and Asian nations embraced the idea of f Import Substitution Industrialization (ISI). ISI refers to a trade and economic policy based on the premise that a developing country should attempt to substitute products which it imports (mostly finished goods) with locally produced substitutes. This often times involves government subsidies, high tariff barriers and/or artificially maintained domestic currencies to protect local industries. (Kulkarni and Meister, 2009) Economic authors such as Trebilcock and Howse (1999) hold that their reasoning for adopting such an approach to international trade is that with trade liberalisation protectionist tariffs would have to be reduced, which would in turn hurt domestic production as imports would be considered more attractive than domestic; therefore affecting the long run economic growth of their nation. â€Å"tariffs on industrial products have fallen steeply and now average less than 5% in industrial countries. During the first 25 years after the war, world economic growth averaged about 5% per year, a high rate that was partly the result of lower trade barriers. World trade grew even faster, averaging about 28% during the period. † (Rivera and Olivia, 2004, p. 78) It’s apparent by data presented by Rivera and Oliva (2004) and linked with data available in table 1 that since after the world war policies adopted to ensure unrestricted flow of products and services consequently lead to global competition and innovation which benefits all involved. Krugman (1986) further elaborates that with such trade liberalisation that there are a number of key benefits. Firstly, due to economies of scale enjoyed by nations, economies are able to gain from their comparative advantage. Secondly, there is a rise in intra-industry trade, increasing product differentiation enabling consumer satisfaction to be increased. Finally as Porter (1990) establishes, trade liberalisation ensures nations adopt sound economic policies to increase competitive advantage to ensure foreign investment occurs in their economy. Theoretical Considerations To elaborate on the points made above it’s essential to consider the theories of international trade, as comparative advantage is an important concept for explaining pattern of trade. You read "Decades Have Witnessed an Acceleration of Economic Globalisation" in category "Essay examples" David Ricardo firstly introduces the concept of comparative advantage. It is then well recognized as the Ricardian model. In the neoclassical theory of international trade, Heckscher and Ohlin examine the effect of different factor endowments on international trade. – Theory of Competitive Advantage The basic idea of premise of Ricardo’s model boasts that comparative advantage postulates that a nation will export the goods or services in which it has its greatest comparative advantage and import those in which it has the least comparative advantage. (Ricardo, 1817 cited in Widodo, 2009) For example, it takes less productive inputs to produce clothes in China than in Great Britain. However it takes less productive inputs to produce bread in Great Britain than in China. Given this comparative advantage these China and Great Britain can increase their welfare of consumption by specialising in clothing and bread respectively and trade them. The overall gain from this is that greater economic growth can be attained through the utilisation of other economies comparative advantage. – Factor Endowment theory Coque et al. (2003) furthers the comparative advantage model outlined by Ricardo criticising one area by stating that comparative advantages arise only because international differences in labour productivity. Coque et al. continues by expressing that in the real world, trade also reflects differences in countries’ resources: not only labour, but also other factors of production such as land, capital and mineral resources. The basic premise of this theory is centred that a country will tend to produce relatively more of goods that use its abundant resources intensively. For example, consider two goods and two factors of production (land and labour). The two goods have different factor intensities, that is production of one of the goods use a higher ratio of land to labour than the production of the other. The nation in question has an abundance of land, therefore would specialise in the production of this good which uses land intensively. Husain (2007) identifies that from these free-trade models, countries gain from trade and world output is increased; that the countries will tend to specialise in products that use their resources abundantly; and given identical technologies and production throughout the world, factor prices will equalize across trading countries. By enabling countries to move beyond their production possibility frontiers trade is assumed to stimulate growth by securing capital as well as consumption goods from other parts of the world. Trade thus stimulates economic growth, promotes and rewards those activities in which the country has relative abundance of factors of production. As developing countries poses labour in abundant supply their wages will rise and the majority of the population will be better off compared to no trade scenario. Empirical Evidence Trade liberalisation and growth In regards to the protectionism and trade liberalisation paradigms discussed, a key case study is that of Pakistan. Pakistan’s international trading policy consisted of ensuring a highly protective trade regime until the late 1980s. Tariff rates were excessively high and non-tariff barriers kept competing imports away from the domestic markets. It was only in the 1990s that trade liberalization policies were initiated. During the period of protection the manufacturing and tax revenues grew by less than 5% annually. Once the tariff reforms were adopted manufacturing, revenues and exports have all grown in double digits. This correlation shows that despite the perceived views that protectionism protected the domestic, once policies that promoted trade openness were in place, exports within Pakistan actually increased, due to the comparative advantages they would have held in certain industries. Per Capita GDP Growth Rates, by Country Type, 1990s (%), based on GDP in purchasing power parity terms) Per Capita GDP Growth Rates, by Country Type, 1990s (%), based on GDP in purchasing power parity terms) Figure 1: Per capita GDP Growth Rates by country type in the 1990s Adapted from Dollar (2005) Figure 1: Per capita GDP Growth Rates by country type in the 1990s Adapted from Dollar (2005) Dollar (2005) furthers this argument by presenting evidence from figure 1, which shows three categories; Rich countries (developed industrialised nations), other developing nations (Lack of trade openness) and developing country globalizers (those who have adopted trade openness policy). From the evidence provided it is clear that developing nations that have reformed their trading policies to enable them to become more open have grew substantially than their other developing counterparts who did not. Prabirjit (2007) further adds credence to this discussion by providing empirical evidence on cross-country study of averages and panel regression analysis for a sample of 51 less-developed countries over a uniform time period 1981-2002. Like many other works in this field, the results from this study shows that a country with a higher trade share based on openness tends to experience a higher real growth. Trade liberalisation and inequality Although we’ve been able to provide empirical evidence upon the growth benefits of trade openness, many analysts are legitimately concerned about the effects of trade liberalisation on the distribution of income. Research shows that there’s no evidence of a systematic tendency for inequality to increase when international trade increases. If we consider figure 2, this figure reflects the experiences of more than 100 countries, with changes in trade and changes in inequality measured over periods of at least five years in order to capture long-run relationship between trade and inequality. From the figure 1 we can see that there is no real correlation between changes in trade and changes in inequality. Figure 2: Changes in trade and income inequality Adapted from Dollar and Kraay (2001a) Figure 2: Changes in trade and income inequality Adapted from Dollar and Kraay (2001a) Trade liberalisation and Poverty Reduction One of the most common criticisms of trade liberalization and globalization, particularly in developed countries, is that it drives down wages and exports jobs to low wage economies. As we’ve analysed the combination of increases in growth has little systematic change in inequality, now with such results can we expect to see a reduction in poverty for developing countries. In Malaysia, for example, the average income of the poorest fifth of the population grew at a robust 5. 4% annually. Even in China, where inequality did increase sharply and the income growth rate of the poorest fifth lagged behind average income growth, incomes of the poorest fifth still grew at 3. 8%annually. (Clift and Diehl, 2007) The fraction of the population of these countries living below the $1 a day poverty threshold fell sharply between the 1980s and the 1990s: from 43%to 36% in Bangladesh, from 20% to 15% in China, and from 13% to 10% in Costa Rica. Dollar and Kraay (2002) and Ravallion (2001) support the hypothesis that mean incomes of the poor rise and poverty rates decline with the rise in overall mean incomes. But state reliance on cross – country evidence to make inferences about specific instance is not helpful. Apparent factors which impair the effects of trade liberalisation Nugent (2002) identifies factors which affect the effects of trade openness for example a trade liberalization program may have been well-designed but initiated at the wrong time. Arguments about comparative advantage and gains from trade are more plausible when real world conditions approximate those of the theoretical models used to justify them, namely, equilibrium at full employment. Yet, it was during the extremely turbulent and depression-like conditions of the mid-to-late 1980s and early 1990s that most of the Latin American countries and transition economies of Central and Eastern Europe initiated their trade liberalization programs. Nugent states that one problem is that in such turbulent circumstances, often before stabilisation has been achieved and when both inflation rates and relative prices are very volatile, the price signals exerted by the trade liberalization measures may be either misleading or too noisy to have the â€Å"right† effects on resource allocation. This can be an argument for delaying trade liberalization until after stabilization can be achieved. But, if trade liberalization is delayed, it may mean that the stabilization programs that help raise the prospects for future growth and stimulate investments will do so in the â€Å"wrong sectors†. Yet, the currency depreciation required to offset reductions in tariff equivalents may also trigger inflation. Clearly, there are tradeoffs and problems inherent in these inevitable interdependencies. But, whether, stabilisation occurs before, after or simultaneously with trade liberalization (if at all), it suggests that the need for a well-articulated, coherent and credible program is even greater than would be the case if trade liberalization was to start from a stable, full employment economy. A second problem in which Nugent (2002) identifies is that trade liberalization, and capital market liberalization, is likely to increase the vulnerability of the economy to new kinds of shocks. These shocks can easily be very challenging to policy makers and make it even harder to stick with reforms. Both Chile of the 1970s and Mexico of the mid-1990s were heavily indebted and then buffeted by unexpected shocks in the form of higher interest rates in the US. Indeed, some analysts blame the setbacks of Mexico and Chile in their trade liberalization programs simply to bad luck. Even if this is not entirely true, it is quite true that even if the trade liberalization programs had been well-designed for normal condition over time, they may not have been sufficiently well designed to also withstand the severe external shocks that may be more likely to come in a liberalized economy. Lessons for Policy Makers The weight of evidence suggests that openness to trade is good for growth and that growth benefits the poor. But to enjoy the full benefits of trade liberalization, McCulloch et. al. 2011) state it should be accompanied by sound policies in areas such as transport and communications infrastructure, market facilitation, competition, education and governance. In order to boost the competitive advantage qualities of the environment – subsequently increasing investment within the nation. McCulloch et al (2011) further state that trade liberalization can change the nature of the risk and uncertainty that poor households face although not always for the wo rse. It can also affect their ability to cope with risk and uncertainty. Policies such as improving access to credit markets can help a great deal here along with improvements in asset distribution and in the flexibility of local labour markets. Conclusion In essence to conclude, in comparison to protectionist international trade policies, from empirical evidence presented trade openness as a whole can be considered as a key strategy to achieve economic development, as we have been able to witness an increase of imports for developing nations which in turn increases efficiency and reduces costs, which can be considered more effective than import substitution policies. However as established in this paper, there are various factors in which can affect the effectiveness of trade liberalisation policies, which policy makers must take into consideration. References Clift, J. and Diehl, E. (2007) Financial Globalization: A compilation of articles from Finance Development Washington, D. C. : International Monetary Fund Dollar, D. , 2005, Globalization, Poverty, and Inequality since 1980, World Bank Research Observer, 20 (2): 145-175 Dollar, D. Kraay, A. (2002)   Growth Is Good for the Poor  Journal of Economic Growth, Springer, vol. 7(3), pages 195-225, September. Guttal, S. (2007) Globalisation Development in Practice, Vol. 17, No. 4/5, pp. 523-531 Hurrell, A. and Woods, N. (1995) Globalisation and Inequality, Millennium 24(3): 447–70. Husain, I. (2007) TRADE LIBERALIZATION, ECONOMIC GROWTH AND POVERTY REDUCTION RECENT EVIDENCE FROM PAKISTAN National level seminar on Trade and Economic Growth Linkages, Quai d-e-Azam University at Islamabad. Jose Garcia, M. Coque, A. (2003) Trade and Domestic Policies in Open Economy Available at: www. napcsyr. org/†¦ /tm_trade_domestic_policies_in_open_economy_en. pdf Khan, A. H. , Malik, A. and Hasan, A. H. 1995) Exports, Growth and Causality Pakistan Development Review 34(4): 1001-1012 Krugman, P. (1986) Strategic Trade Policy and the New International Economics MIT Kulkarni, K and Meister, K. P. (2009) Trouble with Import Substitution and Protectionism: A Case of Indian Economy McCulloch NA, Winters LA and Cirera X (2001) Trade Liberalization and Poverty: A Handbook London, Centre for Economi c and Policy Research Nugent, J. B. , (2002) Trade Liberalization: Winners and Losers, Success and Failures, Implications for SMEs Forum Series on the Role of Institutions in Promoting Economic Growth, Washington, D. C. Porter, M. E. (1990) The competitive advantage of nations: with a new introduction Free Press,  New York Prabirjit, P. (2007) Trade Openness and Growth: Is There Any Link? MPRA Paper  4997, University Library of Munich, Germany. Ravallion, M. (2001) Growth, Inequality and Poverty: Looking Beyond Averages World Development, 29(11), 1803-1815. Rivera-Batiz, L. A. Oliva, M. A. (2004) International trade: Theories, strategies and evidence. London: Oxford University Press. Rodrik, D, (2001). The Global Governance of Trade As If Development Really Mattered. Background Paper. New York. United Nations Development Programme. Rodriguez, F. Rodrik, D. (1999) Trade Policy and Economic Growth: A Skepticaâ‚ ¬Ã¢â€ž ¢s Guide to The Cross-National Evidence. In Bernanke, B. S. and Rogoff, K. (Eds. ), NBER Macroeconomics Annua, 2000 (pp. 325-336). London: The MIT Press. Trebilcock,  M. J. and Howse,  R. (1999) The Regulation of International Trade  London: Routledge Widodo, T. (2009) Comparative Advantage: Theory, Empirical Measures And Case Studies  Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 4, pages 57-82, November. How to cite Decades Have Witnessed an Acceleration of Economic Globalisation, Essay examples

Decades Have Witnessed an Acceleration of Economic Globalisation Free Essays

string(167) " points made above it’s essential to consider the theories of international trade, as comparative advantage is an important concept for explaining pattern of trade\." ‘Recent decades have witnessed an acceleration of economic globalisation, in particular international trade. Is trade openness the key strategy to achieve economic development? What lessons could you draw for policymaking? Support your arguments with economic theory and empirical evidence from developing countries’. Introduction In this essay, I shall critically examine the statement put forward – and test whether trade openness is the key strategy to achieving economic development, and from this consider whether we can conduct further analysis upon whether there are any lessons that can be obtained from this in regards to policy making. We will write a custom essay sample on Decades Have Witnessed an Acceleration of Economic Globalisation or any similar topic only for you Order Now To focus our discussion; using relevant empirical evidence, I will relate this essay primarily towards developing countries, enabling us to gain a clear understanding of the task at hand. It is of importance that we first briefly explore how the literature define and pursue globalisation; this is done in the next section. The remainder of the essay will be dedicated on segments on economic theory of international trade, the relationship between trade openness and economic growth, we will then draw upon empirical evidence, the negatives of trade openness, and lessons for policy making. Finally I will offer my concluding remarks. Before delving into the core aspect of the essay, it’s essential to consider the underlying reason towards trade liberalisation in international trade; globalisation and also provide a definition of trade openness. Globalisation can be considered as an important rhetoric of contemporary international relations. The term globalisation is often invoked to describe the process of increasing interdependence and global enmeshment through a variety of economic, cultural, social and, political changes that have shaped the world over the past five decades. Hurrell Woods, 1995; Guttal, 2007) Globalisation is considered a form of capitalist expansion that entails the integration of local and national economies into a global, unregulated market economy through an increase in international trade by increases in exports and imports of nations which has been widely regarded as being facilitated by international trade agreements post world-war II. The extent of integration is outlined in table 1 where we can see that there has been increase in the ratio of trade to gross domestic product (GDP) when integration had been apparent from 1870 up until 1914 the eve of World-War I. Integration was halted during the periods of the two world wars and the era of the Great Depression. During this period protectionism was rife, which saw the integration of trade and foreign asset ownership revert back close to their levels in 1870. (Dollar, 2005) Table 1: Measures of Global integration Adapted from Dollar (2005) Table 1: Measures of Global integration Adapted from Dollar (2005) In recent decades there have been various literatures invoking continuous debate discussing whether there is positive correlation between economic growth and trade openness. Advocates thoroughly support that trade liberalisation induces an increase in economic growth; whilst critics hold that protectionism is the essence to increased economic growth. The WTO (World Trade Organisation) and GATT (General Agreement on Tariffs and Trade) have shaped and influenced the integration of global markets through much debate, discussion and reciprocation, agreements have been established, aiming to promote the vision and objective of trade openness by lowering barriers to trade. Developing countries have been primarily on the agenda throughout the history of the GATT and WTO in order to promote development in these countries as WTO’s Mike Moore as cited in Rodrik (2001) puts it, â€Å"the surest way to do more to help the poor is to continue to open markets. † Trade Liberalisation Paradigm Vs. Protectionism Paradigm â€Å"More open and outward- oriented economies consistently outperform countries with restrictive trade and [foreign] investment regimes. † OECD (1998, pp. 6, cited in Rodriguez Rodrik,1999) â€Å"Policies toward foreign trade are among the more important factors promoting economic growth and convergence in developing countries. † IMF (1997, pp. 84, cited in Rodriguez Rodrik, 1999) Despite such claims, historically during the 1960s, and 1970s although the GATT aided the reduction of trade barriers, it was apparent that many developing nations continued to venture in the protectionist perspective to facilitate in dri ving economic growth. Nations in Latin America and in some African and Asian nations embraced the idea of f Import Substitution Industrialization (ISI). ISI refers to a trade and economic policy based on the premise that a developing country should attempt to substitute products which it imports (mostly finished goods) with locally produced substitutes. This often times involves government subsidies, high tariff barriers and/or artificially maintained domestic currencies to protect local industries. (Kulkarni and Meister, 2009) Economic authors such as Trebilcock and Howse (1999) hold that their reasoning for adopting such an approach to international trade is that with trade liberalisation protectionist tariffs would have to be reduced, which would in turn hurt domestic production as imports would be considered more attractive than domestic; therefore affecting the long run economic growth of their nation. â€Å"tariffs on industrial products have fallen steeply and now average less than 5% in industrial countries. During the first 25 years after the war, world economic growth averaged about 5% per year, a high rate that was partly the result of lower trade barriers. World trade grew even faster, averaging about 28% during the period. † (Rivera and Olivia, 2004, p. 78) It’s apparent by data presented by Rivera and Oliva (2004) and linked with data available in table 1 that since after the world war policies adopted to ensure unrestricted flow of products and services consequently lead to global competition and innovation which benefits all involved. Krugman (1986) further elaborates that with such trade liberalisation that there are a number of key benefits. Firstly, due to economies of scale enjoyed by nations, economies are able to gain from their comparative advantage. Secondly, there is a rise in intra-industry trade, increasing product differentiation enabling consumer satisfaction to be increased. Finally as Porter (1990) establishes, trade liberalisation ensures nations adopt sound economic policies to increase competitive advantage to ensure foreign investment occurs in their economy. Theoretical Considerations To elaborate on the points made above it’s essential to consider the theories of international trade, as comparative advantage is an important concept for explaining pattern of trade. You read "Decades Have Witnessed an Acceleration of Economic Globalisation" in category "Essay examples" David Ricardo firstly introduces the concept of comparative advantage. It is then well recognized as the Ricardian model. In the neoclassical theory of international trade, Heckscher and Ohlin examine the effect of different factor endowments on international trade. – Theory of Competitive Advantage The basic idea of premise of Ricardo’s model boasts that comparative advantage postulates that a nation will export the goods or services in which it has its greatest comparative advantage and import those in which it has the least comparative advantage. (Ricardo, 1817 cited in Widodo, 2009) For example, it takes less productive inputs to produce clothes in China than in Great Britain. However it takes less productive inputs to produce bread in Great Britain than in China. Given this comparative advantage these China and Great Britain can increase their welfare of consumption by specialising in clothing and bread respectively and trade them. The overall gain from this is that greater economic growth can be attained through the utilisation of other economies comparative advantage. – Factor Endowment theory Coque et al. (2003) furthers the comparative advantage model outlined by Ricardo criticising one area by stating that comparative advantages arise only because international differences in labour productivity. Coque et al. continues by expressing that in the real world, trade also reflects differences in countries’ resources: not only labour, but also other factors of production such as land, capital and mineral resources. The basic premise of this theory is centred that a country will tend to produce relatively more of goods that use its abundant resources intensively. For example, consider two goods and two factors of production (land and labour). The two goods have different factor intensities, that is production of one of the goods use a higher ratio of land to labour than the production of the other. The nation in question has an abundance of land, therefore would specialise in the production of this good which uses land intensively. Husain (2007) identifies that from these free-trade models, countries gain from trade and world output is increased; that the countries will tend to specialise in products that use their resources abundantly; and given identical technologies and production throughout the world, factor prices will equalize across trading countries. By enabling countries to move beyond their production possibility frontiers trade is assumed to stimulate growth by securing capital as well as consumption goods from other parts of the world. Trade thus stimulates economic growth, promotes and rewards those activities in which the country has relative abundance of factors of production. As developing countries poses labour in abundant supply their wages will rise and the majority of the population will be better off compared to no trade scenario. Empirical Evidence Trade liberalisation and growth In regards to the protectionism and trade liberalisation paradigms discussed, a key case study is that of Pakistan. Pakistan’s international trading policy consisted of ensuring a highly protective trade regime until the late 1980s. Tariff rates were excessively high and non-tariff barriers kept competing imports away from the domestic markets. It was only in the 1990s that trade liberalization policies were initiated. During the period of protection the manufacturing and tax revenues grew by less than 5% annually. Once the tariff reforms were adopted manufacturing, revenues and exports have all grown in double digits. This correlation shows that despite the perceived views that protectionism protected the domestic, once policies that promoted trade openness were in place, exports within Pakistan actually increased, due to the comparative advantages they would have held in certain industries. Per Capita GDP Growth Rates, by Country Type, 1990s (%), based on GDP in purchasing power parity terms) Per Capita GDP Growth Rates, by Country Type, 1990s (%), based on GDP in purchasing power parity terms) Figure 1: Per capita GDP Growth Rates by country type in the 1990s Adapted from Dollar (2005) Figure 1: Per capita GDP Growth Rates by country type in the 1990s Adapted from Dollar (2005) Dollar (2005) furthers this argument by presenting evidence from figure 1, which shows three categories; Rich countries (developed industrialised nations), other developing nations (Lack of trade openness) and developing country globalizers (those who have adopted trade openness policy). From the evidence provided it is clear that developing nations that have reformed their trading policies to enable them to become more open have grew substantially than their other developing counterparts who did not. Prabirjit (2007) further adds credence to this discussion by providing empirical evidence on cross-country study of averages and panel regression analysis for a sample of 51 less-developed countries over a uniform time period 1981-2002. Like many other works in this field, the results from this study shows that a country with a higher trade share based on openness tends to experience a higher real growth. Trade liberalisation and inequality Although we’ve been able to provide empirical evidence upon the growth benefits of trade openness, many analysts are legitimately concerned about the effects of trade liberalisation on the distribution of income. Research shows that there’s no evidence of a systematic tendency for inequality to increase when international trade increases. If we consider figure 2, this figure reflects the experiences of more than 100 countries, with changes in trade and changes in inequality measured over periods of at least five years in order to capture long-run relationship between trade and inequality. From the figure 1 we can see that there is no real correlation between changes in trade and changes in inequality. Figure 2: Changes in trade and income inequality Adapted from Dollar and Kraay (2001a) Figure 2: Changes in trade and income inequality Adapted from Dollar and Kraay (2001a) Trade liberalisation and Poverty Reduction One of the most common criticisms of trade liberalization and globalization, particularly in developed countries, is that it drives down wages and exports jobs to low wage economies. As we’ve analysed the combination of increases in growth has little systematic change in inequality, now with such results can we expect to see a reduction in poverty for developing countries. In Malaysia, for example, the average income of the poorest fifth of the population grew at a robust 5. 4% annually. Even in China, where inequality did increase sharply and the income growth rate of the poorest fifth lagged behind average income growth, incomes of the poorest fifth still grew at 3. 8%annually. (Clift and Diehl, 2007) The fraction of the population of these countries living below the $1 a day poverty threshold fell sharply between the 1980s and the 1990s: from 43%to 36% in Bangladesh, from 20% to 15% in China, and from 13% to 10% in Costa Rica. Dollar and Kraay (2002) and Ravallion (2001) support the hypothesis that mean incomes of the poor rise and poverty rates decline with the rise in overall mean incomes. But state reliance on cross – country evidence to make inferences about specific instance is not helpful. Apparent factors which impair the effects of trade liberalisation Nugent (2002) identifies factors which affect the effects of trade openness for example a trade liberalization program may have been well-designed but initiated at the wrong time. Arguments about comparative advantage and gains from trade are more plausible when real world conditions approximate those of the theoretical models used to justify them, namely, equilibrium at full employment. Yet, it was during the extremely turbulent and depression-like conditions of the mid-to-late 1980s and early 1990s that most of the Latin American countries and transition economies of Central and Eastern Europe initiated their trade liberalization programs. Nugent states that one problem is that in such turbulent circumstances, often before stabilisation has been achieved and when both inflation rates and relative prices are very volatile, the price signals exerted by the trade liberalization measures may be either misleading or too noisy to have the â€Å"right† effects on resource allocation. This can be an argument for delaying trade liberalization until after stabilization can be achieved. But, if trade liberalization is delayed, it may mean that the stabilization programs that help raise the prospects for future growth and stimulate investments will do so in the â€Å"wrong sectors†. Yet, the currency depreciation required to offset reductions in tariff equivalents may also trigger inflation. Clearly, there are tradeoffs and problems inherent in these inevitable interdependencies. But, whether, stabilisation occurs before, after or simultaneously with trade liberalization (if at all), it suggests that the need for a well-articulated, coherent and credible program is even greater than would be the case if trade liberalization was to start from a stable, full employment economy. A second problem in which Nugent (2002) identifies is that trade liberalization, and capital market liberalization, is likely to increase the vulnerability of the economy to new kinds of shocks. These shocks can easily be very challenging to policy makers and make it even harder to stick with reforms. Both Chile of the 1970s and Mexico of the mid-1990s were heavily indebted and then buffeted by unexpected shocks in the form of higher interest rates in the US. Indeed, some analysts blame the setbacks of Mexico and Chile in their trade liberalization programs simply to bad luck. Even if this is not entirely true, it is quite true that even if the trade liberalization programs had been well-designed for normal condition over time, they may not have been sufficiently well designed to also withstand the severe external shocks that may be more likely to come in a liberalized economy. Lessons for Policy Makers The weight of evidence suggests that openness to trade is good for growth and that growth benefits the poor. But to enjoy the full benefits of trade liberalization, McCulloch et. al. 2011) state it should be accompanied by sound policies in areas such as transport and communications infrastructure, market facilitation, competition, education and governance. In order to boost the competitive advantage qualities of the environment – subsequently increasing investment within the nation. McCulloch et al (2011) further state that trade liberalization can change the nature of the risk and uncertainty that poor households face although not always for the wo rse. It can also affect their ability to cope with risk and uncertainty. Policies such as improving access to credit markets can help a great deal here along with improvements in asset distribution and in the flexibility of local labour markets. Conclusion In essence to conclude, in comparison to protectionist international trade policies, from empirical evidence presented trade openness as a whole can be considered as a key strategy to achieve economic development, as we have been able to witness an increase of imports for developing nations which in turn increases efficiency and reduces costs, which can be considered more effective than import substitution policies. However as established in this paper, there are various factors in which can affect the effectiveness of trade liberalisation policies, which policy makers must take into consideration. References Clift, J. and Diehl, E. (2007) Financial Globalization: A compilation of articles from Finance Development Washington, D. C. : International Monetary Fund Dollar, D. , 2005, Globalization, Poverty, and Inequality since 1980, World Bank Research Observer, 20 (2): 145-175 Dollar, D. Kraay, A. (2002)   Growth Is Good for the Poor  Journal of Economic Growth, Springer, vol. 7(3), pages 195-225, September. Guttal, S. (2007) Globalisation Development in Practice, Vol. 17, No. 4/5, pp. 523-531 Hurrell, A. and Woods, N. (1995) Globalisation and Inequality, Millennium 24(3): 447–70. Husain, I. (2007) TRADE LIBERALIZATION, ECONOMIC GROWTH AND POVERTY REDUCTION RECENT EVIDENCE FROM PAKISTAN National level seminar on Trade and Economic Growth Linkages, Quai d-e-Azam University at Islamabad. Jose Garcia, M. Coque, A. (2003) Trade and Domestic Policies in Open Economy Available at: www. napcsyr. org/†¦ /tm_trade_domestic_policies_in_open_economy_en. pdf Khan, A. H. , Malik, A. and Hasan, A. H. 1995) Exports, Growth and Causality Pakistan Development Review 34(4): 1001-1012 Krugman, P. (1986) Strategic Trade Policy and the New International Economics MIT Kulkarni, K and Meister, K. P. (2009) Trouble with Import Substitution and Protectionism: A Case of Indian Economy McCulloch NA, Winters LA and Cirera X (2001) Trade Liberalization and Poverty: A Handbook London, Centre for Economi c and Policy Research Nugent, J. B. , (2002) Trade Liberalization: Winners and Losers, Success and Failures, Implications for SMEs Forum Series on the Role of Institutions in Promoting Economic Growth, Washington, D. C. Porter, M. E. (1990) The competitive advantage of nations: with a new introduction Free Press,  New York Prabirjit, P. (2007) Trade Openness and Growth: Is There Any Link? MPRA Paper  4997, University Library of Munich, Germany. Ravallion, M. (2001) Growth, Inequality and Poverty: Looking Beyond Averages World Development, 29(11), 1803-1815. Rivera-Batiz, L. A. Oliva, M. A. (2004) International trade: Theories, strategies and evidence. London: Oxford University Press. Rodrik, D, (2001). The Global Governance of Trade As If Development Really Mattered. Background Paper. New York. United Nations Development Programme. Rodriguez, F. Rodrik, D. (1999) Trade Policy and Economic Growth: A Skepticaâ‚ ¬Ã¢â€ž ¢s Guide to The Cross-National Evidence. In Bernanke, B. S. and Rogoff, K. (Eds. ), NBER Macroeconomics Annua, 2000 (pp. 325-336). London: The MIT Press. Trebilcock,  M. J. and Howse,  R. (1999) The Regulation of International Trade  London: Routledge Widodo, T. (2009) Comparative Advantage: Theory, Empirical Measures And Case Studies  Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 4, pages 57-82, November. How to cite Decades Have Witnessed an Acceleration of Economic Globalisation, Essay examples

History of the Computer Indust Essay Example For Students

History of the Computer Indust Essay Only once in a lifetime will a new invention come about to touch every aspect of our lives. Such a device that changes the way we work, live, and play is a special one, indeed. A machine that has done all this and more now exists in nearly every business in the U. S. and one out of every two households (Hall, 156). This incredible invention is the computer. The electronic computer has been around for over a half-century, but its ancestors have been around for 2000 years. However, only in the last 40 years has it changed the American society. From the first wooden abacus to the latest high-speed microprocessor, the computer has changed nearly every aspect of peoples lives for the better.The very earliest existence of the modern day computers ancestor is the abacus. These date back to almost 2000 years ago. It is simply a wooden rack holding parallel wires on which beads are strung. When these beads are moved along the wire according to programming rules that the user must memorize, all ordinary arithmetic operations can be performed (Soma, 14). The next innovation in computers took place in 1694 when Blaise Pascal invented the first digital calculating machine. It could only add numbers and they had to be entered by turning dials. It was designed to help Pascals father who was a tax collector (Soma, 32).In the early 1800s, a mathematics professor named Charles Babbage designed an automatic calculation machine. It was steam powered and could store up to 1000 50-digit numbers. Built in to his machine were operations that included everything a modern general-purpose computer would need. It was programmed by-and stored data on-cards with holes punched in them, appropriately called punch cards. His inventions were failures for the most part because of the lack of precision machining techniques used at the time and the lack of demand for such a device (Soma, 46).After Babbage, people began to lose interest in computers. However, between 1850 and 1900 there were great advances in mathematics and physics that began to rekindle the interest (Osborne, 45). Many of these new advances involved complex calculations and formulas that were very time consuming for human calculation. The first major use for a computer in the U.S. was during the 1890 census. Two men, Herman Hollerith and James Powers, developed a new punched-card system that could automatically read information on cards without human intervention (Gulliver, 82). Since the population of the U.S. was increasing so fast, the computer was an essential tool in tabulating the totals. These advantages were noted by commercial industries and soon led to the development of improved punch-card business-machine systems by International Business Machines (IBM), Remington-Rand, Burroughs, and other corporations. By modern standards the punched-card machines were slow, typically processing from 50 to 250 cards per minute, with each card holding up to 80 digits. At the time, however, punched cards were an enormous step forward; they provided a means of input, output, and memory storage on a massive scale. For more than 50 years following their first use, punched-card machines did the bulk of the worlds business computing and a good portion of the computing work in science (Chposky, 73). By the late 1930s punched-card machine techniques had become so well established and reliable that Howard Hathaway Aiken, in collaboration with engineers at IBM, undertook construction of a large automatic digital computer based on standard IBM electromechanical parts. Aikens machine, called the Harvard Mark I, handled 23-digit numbers and could perform all four arithmetic operations. Also, it had special built-in programs to handled logarithms and trigonometric functions. The Mark I was controlled from prepunched paper tape. Output was by card punch and electric typewriter. It was slow, requiring 3 to 5 seconds for a multiplication, but it was fully automatic and could complete long computations without human intervention (Chposky, 103).The outbreak of World War II produced a desperate need for computing capability, especially for the military. New weapons systems were produced which needed trajectory tables and other essential data. In 1942, John P. Eckert, John W. Mauchley, and their associates at the University of Pennsylvania decided to build a high-speed electronic computer to do the job. This machine became known as ENIAC, for Electrical Numerical Integrator And Calculator. It could multiply two numbers at the rate of 300 products per second, by finding the value of each product from a multiplication table stored in its memory. ENIAC was thus about 1,000 times faster than the previous generation of computers (Dolotta, 47).ENIAC used 18,000 standard vacuum tubes, occupied 1800 square feet of floor space, and used about 180,000 watts of electricity. It used punched-card input and output. The ENIAC was very difficult to program because one had to essentially re-wire it to perform whatever task he wanted the computer to do. It was, however, efficient in handling the particular programs for which it had been designed. ENIAC is generally accepted as the first successful high-speed electronic digital computer and was used in many applications from 1946 to 1955 (Dolotta, 50). Mathematician John von Neumann was very interested in the ENIAC. Heart of Darkness9 Essay In 1971 Marcian E. Hoff, Jr., an engineer at the Intel Corporation, invented the microprocessor and another stage in the development of the computer began (Shallis, 121).A new revolution in computer hardware was now well under way, involving miniaturization of computer-logic circuitry and of component manufacture by what are called large-scale integration techniques. In the 1950s it was realized that scaling down the size of electronic digital computer circuits and parts would increase speed and efficiency and improve performance. However, at that time the manufacturing methods were not good enough to accomplish such a task. About 1960 photoprinting of conductive circuit boards to eliminate wiring became highly developed. Then it became possible to build resistors and capacitors into the circuitry by photographic means (Rogers, 142). In the 1970s entire assemblies, such as adders, shifting registers, and counters, became available on tiny chips of silicon. In the 1980s very large scale integration (VLSI), in which hundreds of thousands of transistors are placed on a single chip, became increasingly common. Many companies, some new to the computer field, introduced in the 1970s programmable minicomputers supplied with software packages. The size-reduction trend continued with the introduction of personal computers, which are programmable machines small enough and inexpensive enough to be purchased and used by individuals (Rogers, 153). One of the first of such machines was introduced in January 1975. Popular Electronics magazine provided plans that would allow any electronics wizard to build his own small, programmable computer for about $380 (Rose, 32). The computer was called the Altair 8800. Its programming involved pushing buttons and flipping switches on the front of the box. It didnt include a monitor or keyboard, and its applications were very limited (Jacobs, 53). Even though, many orders came in for it and several famous owners of computer and software manufacturing companies got their start in computing through the Altair. For example, Steve Jobs and Steve Wozniak, founders of Apple Computer, built a much cheaper, yet more productive version of the Altair and turned their hobby into a business (Fluegelman, 16).After the introduction of the Altair 8800, the personal computer industry became a fierce battleground of competition. IBM had been the computer industry standard for well over a half-century. They held their position as the standard when they introduced their first personal computer, the IBM Model 60 in 1975 (Chposky, 156). However, the newly formed Apple Computer company was releasing its own personal computer, the Apple II (The Apple I was the first computer designed by Jobs and Wozniak in Wozniaks garage, which was not produced on a wide scale). Software was needed to run the computers as well. Microsoft developed a Disk Operating System (MS-DOS) for the IBM computer while Apple developed its own software system (Rose, 37). Because Microsoft had now set the software standard for IBMs, every software manufacturer had to make their software compatible with Microsofts. This would lead to huge profits for Microsoft (Cringley, 163).The main goal of the computer manufacturers was to make the computer as affordable as possible while increasing speed, reliability, and capacity. Nearly every computer manufacturer accomplished this and computers popped up everywhere. Computers were in businesses keeping track of inventories. Computers were in colleges aiding students in research. Computers were in laboratories making complex calculations at high speeds for scientists and physicists. The computer had made its mark everywhere in society and built up a huge industry (Cringley, 174).The future is promising for the computer industry and its technology. The speed of processors is expected to double every year and a half in the coming years. As manufacturing techniques are further perfected the prices of computer systems are expected to steadily fall. However, since the microprocessor technology will be increasing, its higher costs will offset the drop in price of older processors. In other words, the price of a new computer will stay about the same from year to year, but technology will steadily increase (Zachary, 42) Since the end of World War II, the computer industry has grown from a standing start into one of the biggest and most profitable industries in the United States. It now comprises thousands of companies, making everything from multi-million dollar high-speed supercomputers to printout paper and floppy disks. It employs millions of people and generates tens of billions of dollars in sales each year (Malone, 192). Surely, the computer has impacted every aspect of peoples lives. It has affected the way people work and play. It has made everyones life easier by doing difficult work for people. The computer truly is one of the most incredible inventions in history.