Friday, December 27, 2019
Jewish Cultural Immersion Through My Eyes - 3058 Words
Jewish Cultural Immersion: Through my Eyes To become an effective counselor to Jewish Americans or any race or diverse population is to be aware of oneââ¬â¢s thoughts and opinions concerning racism and racial advantage, as well increase knowledge of cultureââ¬â¢s different from oneself (Hays Erford, 2014). Jewish Americans are referred to those Caucasian individuals who have immigrated to the United States from another country, such as Eastern Europe (Hays and Erford, 2014). In this paper, I will identify and provide a description of the Jewish population and how they differ from myself in a variety of ways. Additionally, I will provide a reflection of my immersion into the Jewish culture via my observations and highlight what I have learnedâ⬠¦show more contentâ⬠¦I never asked why she felt that way, I watched ââ¬Å"Seinfeldâ⬠and never really formed any negative associations towards Jewish individuals, I viewed them no differently than other individuals. However, I had no exposure to their culture or understanding of the differences between myself and them. I was watching a home improvement show and the individuals wanted a kosher kitchen, and I had no idea what that was or why. I was not aware their cuisine The knowledge regarding the Holocaust was taught in school and as a student, it was necessary to read The Diary of Anne Frank. I found it shocking that Hitler managed to order those individuals under his rule to believe anti-Semitic beliefs and kill so many Jewish people. I am Caucasian, not really any different from a Jewish individual and I could not imagine being forced into a concentration camp to work, starve, be beaten, and killed because of my culture. On some levels, I relate the Holocaust and the Jewish population to the African American battle with slavery. In my opinion, both races were treated unfairly and the results have negatively affected many generations of both populations. What made this assignment difficult for me is that I do not know any Jewish people. I was not aware there was a Jewish synagogue found in Beaumont, Texas, twenty miles from my home. Additionally, I was not aware that Houston had a museum dedicated to the Holocaust either. Furthermore, I am ashamed to admit I was not aware that JewishShow MoreRelatedThe Alphabet : Natural Or Unnatural?1336 Words à |à 6 Pagesphilosopher and cultural ecologist, discusses several forms of literacy, including oral, print-based, and electronic. He explains the reasons for the cultural shift from oral literacy to print-based literacy that occurred centuries ago and argues that ââ¬Å"...modern civilization s evident disregard for the needs of the natural worldâ⬠is partially at fault with the alphabet (28). The reason being that the first civilizations who possessed a negligent attitude toward the earth, (the Jewish and the ChristianRead MoreDictionary.Com Defines Literacy As ââ¬Å"The Quality Or State1418 Words à |à 6 Pagesphilosopher and cultural ecologist, discusses several forms of literacy, including oral, print-based, and electronic. He explains the reasons for the cultural shift from oral literacy to print-based literacy that occurred centuries ago and argues that ââ¬Å"...modern civilization s evident disregard for the needs of the natural worldâ⬠is partially at fault with the alphabet (28). The reason being that the first civilizations who possessed a negligent attitude toward the earth, (the Jewish and the ChristianRead MoreShould Students Study Abroad?1861 Words à |à 8 Pagesor college aged students will increase cultural understanding, learn other languages, and gain skills and experience that will help them achieve their career and educational goals. In order to increase cultural understanding, I believe that itââ¬â¢s important to view foreign cultures hands-on with our own eyes, and to meet and interact with the people who live there. This is so much different than reading about history in a textbook. I studied abroad during my junior year of high school at the EisendrathRead MoreMyerhoff: An Anthropologist? Essay3813 Words à |à 16 Pages In studying the Jewish elderly members of the Center, Myerhoff attempted to understand the people there as an isolated society with a distinct culture. Through participant observation, as well as carefully recorded interviews and conversations, Myerhoff aimed to document this culture and understand it as a basis for unity among the Center members. Her immersion in this culture along with her anthropological perspective made her successful in representing the people of the Center. In her bookRead MoreThe Phenomenology Of Racism And Racism3579 Words à |à 15 PagesGrowing up my parents always taught me to respect everyone for who they were regardless of their race or culture . Even though my parents was raised in a racially segregated environment that had a strong impact on their world view and sense of others in the world. I grew up in a privileged family in the suburban area of Atlanta, Georgia. Not many African Americans attended my school with me . My parents and grandparents experienced racism in their community.I am pushed by my family to work hard andRead MoreEssay about Social Inclusion through Recreation for the Disabled2884 Words à |à 12 PagesSocial Inclusion through Recreation There are many social impacts that are affiliated with recreation. These social impacts can change the lives of people who interact and take part in leisure activities in the outside world. Even though people who are disabled work with non disabled people, there is a lack of social connection between them. Recreation is one thing that can build a stronger connection. My paper focuses primarily on social inclusion for disabled people through recreation. ExperiencingRead MoreHigh School Student Essay20272 Words à |à 82 Pageshome; they possess a range of abilities and talents; and issues involving differences between boys and girls are receiving increased attention. In this chapter we examine this diversity as we try to answer the following questions: â⢠¦ â⢠¦ â⢠¦ â⢠¦ â⢠¦ What is cultural diversity, and how does it influence student learning? How are the educational experiences of boys and girls different? How do schools accommodate ability differences in learners? What are learning styles, and how should teachers respond to themRead MorePlace8569 Words à |à 35 PagesI remember my two widowed aunts tidying up the kitchen. They lived in the province with their brother, my widowed grandfather. When we visited them, we ate in their simple kitchen built with bamboo floors. They came wearing traditional Filipino dresses. They looked so beautiful for me (in their old age and single blessedness), and the kitchen sme lled like fresh flowers. The other kitchen I can remember is the kitchen of my grandmother in a far remote place, along the Pacific Ocean. My grandmotherRead MoreExistentialism vs Essentialism23287 Words à |à 94 Pagesexpression; the doctrine that essence is prior to existence While, Existentialism:A philosophical theory or approach, that emphasizes the existence of the individual person as a free amp; responsible agent, determining their own development through acts of the will. Existentialism * is a philosophical term which posits that individuals create the meaning and essence of their lives. Existentialism asserts that ââ¬Å"existence precedes essence,â⬠which is in opposition to the classical doctrineRead MoreIntroduction to Christian Thought Essay9122 Words à |à 37 PagesHebrews 1:1-2 teach about divine revelation? That it is also progressive 8. What are the two areas of revelation? General and Special 9. What is natural revelation? The revelation of God through His Creation and the makeup of man. 10. What is special revelation? The revelation of God through scripture and the works of Christ. 11. What is reason? The intellectual and moral faculties as exercised in pursuit of truth apart from supernatural aid. 12. What does the Cosmological argument
Thursday, December 19, 2019
Survey Of Literature Review - 1311 Words
2 Survey of Literature Milena Milenkovic et. al [6] have presented experimental flow for the benchmark tests that determine the organization and size of a branch predictor using on-chip performance monitoring registers. Technical note by Scott McFarling [7] presents discussion on how the implementation leading to degree of instruction-level parallelism plays an advantageous role in boosting computing performance and suggested a method for combining different types of branch predictors for maximizing prediction accuracy for a given predictor size. Yeh and Patt [3] have introduced the idea of dynamically collecting branch history information at two different levels, namely, branch execution history and pattern history; the scheme beingâ⬠¦show more contentâ⬠¦The motivation behind the whole work rests on various fundamental concepts taken from the work of Daniel A. Jimenez and Clavin Lin [2, 4] and Daniel A. Jimenez [5,8,16]. The branch predictor binary was successfully built using di erent compilers a nd tested under different platforms: (1): GNU C++ under Linux distribution CentOS Release 4.8, i386, 32bit; (2): Cygwin 32bit environment under Windows 7 and (3): Bloodshed Developer C++ (DevC++ 5.0.2). Literature survey has revealed that the proposed approach is unique and novel. 3 Background Concepts Instructions executed by a processor, in general, are of the types: load, store, move, add, compare or jump; a collection of which forms the Instruction Set Architecture (ISA) of any microprocessor. A jump is a control flow instruction, which can be broadly divided into two categories: (a) Conditional Branch (CB) and (b) Unconditional Branch (UB). Based on a run-time condition, CBs can be further classified as Forward CBs (FCBs), also called a forward jump, where the Program Counter (PC) is changed so as to point to an address ahead of the current position in the instruction stream; and Backward CBs (BCBs), a backward jump, where the PC is changed to point backward in the instruction stream. This is pictorially shown below in Fig.1 and Fig.2, respectively. Fig.1: Forward Jump Fig.2: Backward Jump An UB instructionShow MoreRelatedResearch Methodologies966 Words à |à 4 Pagesopportunities into understanding and gaining knowledge pertaining to leadership, management and the culture as it pertains to the organization. This paper will delve into the qualitative aspect of research methodology and the methods of literature reviews and surveys as tools for gather information, knowledge, cause and effect of hypotheses as they relate to leadership and organizational culture. A discussion of general limitations and research methodology for the final research paper help to prepareRead MoreResearch Study On The Field Of Specialisation1473 Words à |à 6 Pages1661ââ¬â1669 Rationale This article was chosen because it is recent, relevant to the research question and conducted in United Kingdom. Aveyard (2014) states that the critique and detailed analysis of an article for review is an important step to addressing the authorââ¬â¢s objective for the review. Study Purpose The studyââ¬â¢s aim was to assess understanding of UK weaning guidelines in a sample of UK mothers and to ascertain the various sources of weaning advice accessed by first time mothers in the UK (MooreRead MoreMexico Border Essay1661 Words à |à 7 Pagesthan their northern and southern residing counterparts. Access to health care is a great health determiner for the many foreign-born residents living in the United States, especially for undocumented immigrants2. The topic to be addressed in this review will include current health issues and accessibility of care for the people living along the US ââ¬â Mexico border. This study will include infectious diseases, substance abuse as well as issues facing women and children. The combination of many socialRead MoreThe Impact of Declining Nokia Market1034 Words à |à 5 PagesPRESTIGE INSTITUTE OF MANAGEMENT AND RESEARCH SESSION 2012-2014 Minor Research Project Synopsis ââ¬Å"THE IMPACT OF DECLINING NOKIA MARKET â⬠CONTENTS 1. Introduction 1.1 Literature Review 1.2 Objective Of The Study 2. Research Methodology 2.1 The Study 2.2 Sample 2.3 Tools For Data Collection 2.4 Tools For Data Analysis 2. References 3. Questionnaire Introduction Nokia has come a long way to evolve from a paper mill foundedRead MoreAnalysis Of Article Writing Style1068 Words à |à 5 Pagesorganization was not clearly delineated. There was an ineffective use of headings. The research question and population sampling were embedded within the text which required the reader to search for these items. There was no Literature Review heading. The review of the literature was discussed within the Introduction section. References were listed throughout the research article. Terms or ââ¬Å"jargonâ⬠used was defined and related to public internet social network programs. Definitions were also includedRead MoreImportance Of Communication And Coordination At Virtual Teams Success Essay1475 Words à |à 6 PagesZARROUG, Abdin Final Project Module 7 Section 1: Literature Review Research Topic: The importance of Communication and Coordination in virtual teams Success. Research on this topic is relatively new, therefore; the research is ongoing to arrive at the destination (B.Arnett, 2008). Arnett argued in this respect and for this reason, there are still many areas researchers need to investigate and touched to complete the research on this perspective (B.Arnett, 2008).Since the world is moving towardsRead MoreBusiness Topic : Open An Express Company1215 Words à |à 5 Pagestopic as well as why these questions need to be asked. Step 2: Literature review Literature review is a report or article contains the research and findings which relates to the area that the author has selected. (University of Melbourne Library, 2008) The main purpose of the literature review is to illustrate and justify the research based on the previous study and show authors own understanding of the subject. Literature reviews can help people develop a deeper understanding of the topic and theRead MoreThe Effect Of Pay Level On Job Performance Of Call Center Employees Essay858 Words à |à 4 Pagesarticle presents the outline of the research project, including the different sections and summary descriptions of the information contained in each section. Overall, the research comprises six different sections. These include the introduction, literature review, analysis approach, results, discussion, and conclusion. It is important that these sections are well knit to ensure a logical flow of ideas and clarity in the presentation of the research report. The foll owing section shows the research outlineRead MoreThe Development Of App Preceptors Essay977 Words à |à 4 PagesThe focus of the evidence in this literature review is to explore the need for and the development of APP preceptors to aid in new hire transition to practice, with a focus on CRNA preceptors. The review will begin broadly by presenting the evidence that supports the need for preceptor program development due to the common themes identified by novice APPs. Then, the need for preceptor development will be discussed. Finally, the review will conclude with current evidence that preceptor developmentRead MoreEvaluation Of The Internship Project1270 Words à |à 6 Pagesrealm, completion of a comprehensive review of the literature occurred. Hence, the search included the use of Google Scholar, PubMed, and EBSCOhost database to aid with the search of pertinent literature. Identifying keywords selected for the search were nursing simulation, nursing simulation evaluation, a nd nursing simulation rubrics. Published articles chosen fell between the years of 2010 and 2015. Afterwards, the creation of the rubric began with the review of the curriculum learning objectives
Wednesday, December 11, 2019
Management Accounting and Control Practices
Question: Discuss about the Management Accounting and Control Practices. Answer: Introduction: Accounting methods refers to the guideline and rules according to which the financial reports of the business are prepared. Based on the roles of the different accounting methods, it is differentiated into several categories of accounting system. Cost accounting system is one of such special accounting methods. This system assists the users in ascertaining the cost of the products accurately. It also helps the users in accurately calculating the gain percentage (Fullerton et al. 2013). Accounting methods, used by the business firms, can have a major impact on the revenue, reported by the business. It also influences the expense, which is subtracted from the revenue to arrive at the bottom line. The given case study depicts about the processing of the manufacturing firm, Parker Ltd. Parker Ltd manufactures and sells the pencils and pens in sets. The organization has received several offers from different clients for supplying the pen and pencils in set. Report discusses about the several, offers provided by the organization and its potentiality. Various techniques of cost accounting is implemented for evaluating the profit percentage and cost of the plans for Parker Ltd. Current net monthly profit calculation: Important factors, which help in evaluating the offers of the company includes conducting the detailed study of the structure of the current costs of the company. It also takes into consideration the net monthly profit of the company. The calculations, done below, present the net monthly profit along with the present cost of production: Calculation of Monthly Profit:- Particulars Unit Cost per Unit Total Amount A B=C/A C=AxB Monthly Sales Revenue C 10000 $7.50 $75,000 Manufacturing Costs: Direct Material 10000 $1.00 $10,000 Direct Labor 10000 $1.20 $12,000 Variable Overhead 10000 $0.80 $8,000 Fixed Overhead 10000 $1.00 $10,000 Total Manufacturing Costs D 10000 $4.00 $40,000 Marketing Costs: Variable Marketing Costs 10000 $1.50 $15,000 Fixed Marketing Costs 10000 $1.50 $15,000 Total Marketing Costs E 10000 $3.00 $30,000 Total Cost of Goods Sold F=D+E 10000 $7.00 $70,000 Monthly Net Profit G=C-F 10000 $0.50 $5,000 Educational Institution offers: The calculation for the net profit, depicted below, is done by assuming that Parker Ltd acknowledges the offer from the educational institution, which agreed for supplying the extra 2000 sets at $ 5.5: Calculation of Monthly Profit with Additional Order of 2000 Units:- Particulars Unit Cost per Unit Total Amount A B=C/A C=AxB Normal Monthly Sales D 10000 7.5 75000 Order from Educational Institution E 2000 5.5 11000 Monthly Sales Revenue F=D+E 12000 $7.17 86000 Manufacturing Costs: Direct Material 12000 $1.00 $12,000 Direct Labor 12000 $1.20 $14,400 Variable Overhead 12000 $0.80 $9,600 Cost of Logo Inscribtion 2000 $0.60 $1,200 Fixed Overhead 12000 $0.83 $10,000 Total Manufacturing Costs G 12000 $3.93 $47,200 Marketing Costs: Variable Marketing Costs 12000 $1.50 $18,000 Fixed Marketing Costs 12000 $1.25 $15,000 Total Marketing Costs H 12000 $2.75 $33,000 Total Cost of Goods Sold I=G+H 12000 $6.68 $80,200 Monthly Net Profit J=F-I 12000 $0.48 $5,800 It is depicted by the calculation, done above, that the net profit of the company will decrease by $ 0.02 per set if the firm accepts the offer from the educational institution. Therefore, it would not be viable for the company to accept the offer. However, the Parker Ltd. should consider factors other than profitability. It may include cost of production per set, cash flow and many other. Nonetheless, the expenses of the company regarding the sold products of each set can be reduced if the provided offer is accommodated. In addition to this, the offer would also generate higher profit and generating the high amount of cash inflow. Long-term government profitability: The net profit, depicted below, would be generated, when the contract form the long-term government would be obtained by the organization. The contract is to provide 5000 extra sets at the cost of $ 4.00 per set produced. Calculation of Monthly Profit with Additional Order of 5000 Units:- Particulars Unit Cost per Unit Total Amount A B=C/A C=AxB Normal Monthly Sales E 10000 $7.50 75000 Order from Educational Institution F 5000 $4.00 20000 Monthly Sales Revenue G=E+F 15000 $6.33 95000 Manufacturing Costs: Direct Material 15000 $1.00 $15,000 Direct Labor 15000 $1.20 $18,000 Variable Overhead 15000 $0.80 $12,000 Fixed Overhead 15000 $0.67 $10,000 Total Manufacturing Costs H 15000 $3.67 $55,000 Marketing Costs: Variable Marketing Costs 15000 $1.50 $22,500 Fixed Marketing Costs 15000 $1.00 $15,000 Total Marketing Costs I 15000 $2.50 $37,500 Total Cost of Goods Sold J=H+I 15000 $6.17 $92,500 Monthly Net Profit K=G-J 15000 $0.17 $2,500 Based on above calculation, the profit earned by the company by producing and selling each set would be $ 0.17 only. The total amount of profit generates comes to $ 2500. The amount of money received in advance by Parker Ltd stands at $ 4000. Hence, the offer should not be accepted due to lower amount of profit. However, in the event of cash shortage, this offer would be helpful to the company. Lower Pricing for the New Foreign Market: If the parker Ltd intends to penetrate the market, it should propose the sets at the lower rates to its foreign clients. The organization may opt for break-even point and may sell the sets at the selling price, calculated below: Calculation of Monthly Profit with Additional Order of 10000 Units:- Particulars Unit Cost per Unit Total Amount A B=C/A C=AxB Manufacturing Costs: Direct Material 20000 $1.00 $20,000 Direct Labor 20000 $1.20 $24,000 Variable Overhead 20000 $0.80 $16,000 Fixed Overhead 20000 $0.50 $10,000 Total Manufacturing Costs D 20000 $3.50 $70,000 Marketing Costs: Variable Marketing Costs 20000 $1.50 $30,000 Fixed Marketing Costs 20000 $0.75 $15,000 Total Marketing Costs E 20000 $2.25 $45,000 Total Cost of Goods Sold F=E+D 20000 $5.75 $115,000 Less: Sale in Domestic Market G 10000 $7.50 $75,000 Sale in Foreign Market H=F-G 10000 $4 $40,000 For some quantity of product, fixed cost may remain constant in the short run. On the other hand, in the long-run, the cost changes for the same level of production. Since the fixed cost are not identical, it is not possible to calculate the least cost in the long run. Therefore, it is required by the firm to shift the range of prices according to the changes in the fixed expenses. Since the firm would be experiencing the zero profit and zero loss situation, the new price for making selling in the long-run would be counted as smallest (Otley and Emmanuel 2013). Outside supplier profitability: The calculation below depicts the expected loss and gain arising from the acceptance of the offers by the external supplier. Calculation of Monthly Profit for Order from Outside Supplier:- Particulars Unit Cost per Unit Total Amount Sale to Outside Supplier 10000 $7.50 $75,000 Monthly Sales Revenue 10000 $7.50 $75,000 Costs of Purchase: Purchase from Outside Supplier 10000 $4.20 $42,000 Fixed Overhead 10000 $0.70 $7,000 Total Manufacturing Costs 10000 $4.90 $49,000 Marketing Costs: Variable Marketing Costs 10000 $1.10 $11,000 Fixed Marketing Costs 10000 $1.50 $15,000 Total Marketing Costs 10000 $2.60 $26,000 Total Cost of Goods Sold 10000 $7.50 $75,000 Monthly Net Profit 10000 $0.00 $0 The offer cannot generate any profit for the high cost of goods sold, per unit. Therefore, the firm should not accept this offer. Outside supplier profitability with the Rental plan: The calculation, below, depicts the net loss or profit of the firm, which results from serving its assets for generating rent and purchasing the sets from outside supplier: Calculation of Monthly Profit for Order from Outside Supplier Rent:- Particulars Unit Cost per Unit Total Amount Sale to Outside Supplier 10000 $7.50 $75,000 Rent from Building Car Parking $5,500 Monthly Sales Revenue 10000 $8.05 $80,500 Costs of Purchase: Purchase from Outside Supplier 10000 $4.20 $42,000 Fixed Overhead 10000 $0.70 $7,000 Total Manufacturing Costs 10000 $4.90 $49,000 Marketing Costs: Variable Marketing Costs 10000 $1.10 $11,000 Fixed Marketing Costs 10000 $1.50 $15,000 Total Marketing Costs 10000 $2.60 $26,000 Total Cost of Goods Sold 10000 $7.50 $75,000 Monthly Net Profit 10000 $0.55 $5,500 It can be stated from the above table that Parker Ltd. can gain higher profit than the current profit margin, if it accepts the offer from outside supplier and uses its facilities to earn rental income. Hence, Parket Ltd. should implement this plan. Conclusion: From the above analysis, it is concluded that the first offer present the higher profit concerning the present market strategy than the other offers of the company. Therefore, the firm should consider the recent policy of marketing. Nonetheless, the firm can acknowledge the offer by the educational institute. To penetrate in the foreign market, the profit percentage for the short term should be sacrificed by the organization. It may also purchase the sets from the outside supplier along with renting its building and car parking lot instead of manufacturing the sets. Reference and Bibliography: Fullerton, R.R., Kennedy, F.A. and Widener, S.K., 2013. Management accounting and control practices in a lean manufacturing environment.Accounting, Organizations and Society,38(1), pp.50-71. Horngren, C.T., Sundem, G.L., Schatzberg, J.O. and Burgstahler, D., 2013.Introduction to management accounting. Pearson Higher Ed. Kaplan, R.S. and Atkinson, A.A., 2015.Advanced management accounting. PHI Learning. Otley, D. and Emmanuel, K.M.C., 2013.Readings in accounting for management control. Springer. Yee, C.M. and Khin, E.W.S., 2015. Positivist Research and its Influence in Management Accounting Research.Journal of Accounting Perspectives,3(1).
Tuesday, December 3, 2019
Political Institutions And Their Effect On Economic Policy Essays
Political Institutions And Their Effect On Economic Policy ESSAY: Political Institutions and their Effect on Economic Policy Laura Lynn Wantz Political Science 182 Section #28 November 30, 2000 Imagine, if you will, a country with no political institutions. A country ruled by anarchy. What kind of economic policy would this country have or would it have one at all? Now imagine a country with highly powerful and regimented political institutions. What kind of economic policy would this country have? The two fictitious countries mentioned above would certainly have very different economic policies. The first would probably be lucky to even have an economic policy at all. Its citizens would live in a world of economic uncertainty, never knowing what their future may hold. On the other hand, the citizens of the second country, although possibly unhappy with their ruler, would at least have a pretty good idea of their economic future. These citizens would be able to place their money in banks and exchange it in international markets. They could save for their future without the fear of having everything taken from them at any given moment. What is it though that makes the economic policies of these countries so different? While there are clearly many factors that affect a country's economic policy, in this paper I would like to argue that the most important one is the presence or lack of strong political institutions. In the beginning large nations or political states did not exist. The law of the land was every man for himself. As time went on small bands of people began to form. In the beginning membership in such groups was voluntary, but those who joined soon learned of the benefits of cooperation. With time these bands became larger and larger and it was apparent that some groups were stronger than others. The strongest of these groups became what is known as roving bandits. (Olson 1993,568). If the roving bandits can be seen as the first form of political institution then the economic policy they enforced was one of chaos. They ravaged the countrysides taking whatever they felt they needed or wanted without any regard as to what would be left over for the next time they came through. As these roving bandits progressed they realized that if they were to settle in one area they could easily increase their profits. The gigantic increase in output that normally arises from the provision of a peaceful order and other public goods gives the stationary bandit a far larger take than he could obtain without providing government. (Ibid). The formation of governments and political institutions by roving bandits led to great economic policy changes. No longer playing the role of bandits these newly formed governments ditched their policy of taking what ever they could get their hands on and replaced it with a system of taking as much as they could without economically destroying their subjects. With the use of political institutions, such as, tax collectors the now stationary bandits were able to enforce a new economic policy. So, one could say that through the establishment of political institutions the bandits were able to completely transform their economic policy. Obviously, transitioning from a complete lack of political institutions to a system based in institutions is going to change economic policy, but in today's world there are very few places, if any, that completely lack political institutions. Interestingly enough not only is economic policy linked to the presence of political institutions it is also dependent upon the strength of each. Over the last couple of centuries the industrialized world has put into place thousands of political institutions. The state has become the most basic unit of political power. Through these institutions countries have been able to build national banks, stock markets, and economic tools such as the Federal Reserve. Through these institutions governments have been able to control the flow and value of their money. As history also tells us the most successful of these countries have been those whose political institutions are stable, predictable, and strong. The political institutions in these countries have been able to implement economic policies on a broad scale. From the socialism of Norway to the capitalism of the United States the point is that these policies would not have been possible without the presence of strong political institutions. The best way to prove this point, though, would have to be to ponder the question of what would happen to the economic policies of these countries if their institutions were to be weakened considerably? It may seem logical to prove that the strength of political institutions is directly related to economic policy by citing examples of
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