Rome and Milan During the Renaissance Essay Example for Free

Rome and Milan During the Renaissance Essay The Renaissance is a period in the history of Europe beginning in about 1400. The word Renaissance in French means rebirth. During the Renaissance, there were many famous artists, many writers and many philosophers. Many people studied mathematics and different sciences. A person who is knowledgeable in many different things is sometimes called a Renaissance man. Leonardo da Vinci, who was a painter, a scientist, a musician and a philosopher, is the most famous Renaissance Man. The Renaissance started in Italy but soon spread across the whole of Europe. People † The time of Ancient Greece and Rome, when there were many philosophers, writers, painters, sculptors, architects and mathematicians was seen by people as a Golden Age, a time when things were beautiful, well-organized and well-run. This time had lasted from about 400 BC to about 400 AD. In the year 1400, in the city of Rome, people could wander around looking up at the ruins of a city that had once been great. Inside the broken walls that had been smashed in 410 AD were the remains of huge temples, sports arenas, public baths, apartment blocks and palaces. Nearly all of them were ruined and could not be used. Nearly all of them were half-buried in dirt. A lot of them were pulled down to use as building stone. But they showed people what great things could be done. Among the ruins of this once-great city, the people of Rome lived in cottages. They still went to church in the huge churches (basilicas) built by the first Christian Emperor, Constantine the Great, in the 4th century. They still held market day in the Ancient Roman market place of Campo dei Fiori (Field of Flowers). One day in 1402, into the middle of Rome, came a young man called Filippo Brunelleschi and a teenage boy called Donatello. They were fascinated by everything that they saw. They measured ancient ruined buildings, they drew things and they dug around for weeks looking for bits of broken statues and painted pottery that they could stick together. They were probably the worlds first archaeologists. By the time they went back home to Florence, they knew more about Ancient Roman architecture and sculpture than anyone had known for about a thousand years. Brunelleschi became a very famous architect and Donatello became a very famous sculptor. They both used the ideas that they had, when they were studying the remains of ancient Rome†. [1] During the renaissance there was great economic growth. †In the 13th century, much of Europe experienced strong economic growth. The trade routes of the Italian states linked with those of established Mediterranean ports and eventually the Hanseatic League of the Baltic and northern regions of Europe to create a network economy in Europe for the first time since the 4th century. The city-states of Italy expanded greatly during this period and grew in power to become de facto fully independent of the Holy Roman Empire; apart from the Kingdom of Naples, outside powers kept their armies out of Italy. During this period, the modern commercial infrastructure developed, with double-entry book-keeping, joint stock companies, an international banking system, a systematized foreign exchange market, insurance, and government debt. [2] Florence became the centre of this financial industry and the gold florin became the main currency of international trade. The new mercantile governing class, who gained their position through financial skill, adapted to their purposes the feudal aristocratic model that had dominated Europe in the Middle Ages. A feature of the High Middle Ages in Northern Italy was the rise of the urban communes which had broken from the control by bishops and local counts. In much of the region, the landed nobility was poorer than the urban patriarchs in the High Medieval money economy whose inflationary rise left land-holding aristocrats impoverished. The increase in trade during the early Renaissance enhanced these characteristics. The decline of feudalism and the rise of cities influenced each other; for example, the demand for luxury goods led to an increase in trade, which led to greater numbers of tradesmen becoming wealthy, who, in turn, demanded more luxury goods. This change also gave the merchants almost complete control of the governments of the Italian city-states, again enhancing trade. One of the most important effects of this political control was security. Those that grew extremely wealthy in a feudal state ran constant risk of running afoul of the monarchy and having their lands confiscated, as famously occurred to Jacques Coeur in France. The northern states also kept many medieval laws that severely hampered commerce, such as those against usury, and prohibitions on trading with non-Christians. In the city-states of Italy, these laws were repealed or rewritten†. [2] Romans architecture was also something developed during the renaissance. â€Å"The obvious distinguishing features of Classical Roman architecture were adopted by Renaissance architects. However, the forms and purposes of buildings had changed over time, as had the structure of cities. Among the earliest buildings of the reborn Classicism were churches of a type that the Romans had never constructed. Neither were there models for the type of large city dwellings required by wealthy merchants of the 15th century. Conversely, there was no call for enormous sporting fixtures and public bath houses such as the Romans had built. The ancient orders were analysed and reconstructed to serve new purposes†. [3] â€Å"The Roman orders of columns are used:- Tuscan, Doric, Ionic, Corinthian and Composite. The orders can either be structural, supporting an arcade or architrave, or purely decorative, set against a wall in the form of pilasters. During the Renaissance, architects aimed to use columns, pilasters, and entablatures as an integrated system. One of the first buildings to use pilasters as an integrated system was in the Old Sacristy (1421–1440) by Brunelleschi†. [4] There were some people in Rome who weren’t Christian and even opposed it. â€Å"There are thousands of instances of this kind, where nothing will prevail,not even the majesty of the Christian name nor reverence for Christ himself (whom the angels fall down and worship, though weak and depraved mortals may insult him), nor yet the fear of punishment or the armed inquisitors of heresy. The prison and stake are alike impotent to restrain the impudence of ignorance or the audacity of heresy†. [5] The Roman renaissance was the greatest renaissance. â€Å"They left Florence for a city that was greater than Florence ever dreamed of being, They left for the imperial city they left for rome†. [6] Milan was also very important in the renaissance. â€Å"When we think of the Renaissance we automatically think of Italy, but we must not fall into thinking of the Italian peninsula during this time as a nation. Far from it he southern half of the Italian boot was the Kingdom of Naples. In the North was the most powerful of the city-statesthe Duchy of Milan†. [7] â€Å"Central to the city of Milan were the Dominicans. Church and state were not separate but two legs of a single civic being, neither of which could have survived long without the other. The home of the Dominicans, the church of Santa Maria della Grazie went from being a modest oratory in the middle ages to a major cathedral with its own elaborate monastery complex in the fifteenth century, becoming the centre of all learning in the city. It was here, in the refectory (dining hall) that Leonardo staged his Last Supper. It was here Bramante learned his trade, laying the foundation for the new St. Peters Cathedral in Rome. Unlike Venice or Florence, or Rome, Milan (aside from the Last Supper) is not known for its painting but for its robust power and pursuit of scientific knowledge. Architecture and engineering, science and religion were the key elements in its strong, towering presence as it cast a ponderous shadow over all of Italy during this time. †[8] References http://www.humanitiesweb.org/human.php?s=gp=aa=iID=423 http://en.wikipedia.org/wiki/Renaissance_architecture#cite_ref-10 http://simple.wikipedia.org/wiki/Renaissance

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Organizations have long sought to provide employees with consolidated desktop access to the various applications, business processes, and sources (both technology and human) required to perform knowledge-based work. But as recently as five years ago, the desktop environment was still woefully inadequate to this task. The ability to access aggregated enterprise information on-demand required a more reflective, process-centric model of desktop computing-that is, if someone were to look over your shoulder as you work, would their view of your desktop reflect the nature of the work (i.e., the business processes) in which you're engaged? The classic desktop computing interface did not allow this kind of on-demand access-much of the integration between information, enterprise apps, and business process still occurred in the "gray matter" between the ears of knowledge workers. The enterprise information portal (EIP) addresses this need.. At their core functional level, EIPs are all about access-a single point of personalized, on-line access to business information and knowledge sources, as well as, increasingly, real-time access to core applications and processes. Key enabling technologies here include advances in security (including sophisticated directory/authentication services), the proliferation of "portlets" or "gadgets" (API-like chunks of code for plugging enterprise apps into the portal), as well as the maturation and widespread adoption of XML (for "active" or "intelligent" content). As the technology behind portals evolves, so do the ways in which enterprises are using enterprise portals to achieve their business goals. Originally adopted by small departments and subsets of employees, the portal concept has expanded to encompass virtually all employees as well as the extended organization's partners and su ppliers. Enterprise portals are reaching all the way out to individual customers, providing them with a personalized view of the organization or enterprise.

Monopoly as a source of market failure Essay

Abtsract. Environmental problems also occur when one of the participants in an exchange of property rights is able to exercise an inordinate amount of power over the outcome. This can occur, for example, when a product is sold by a single seller, or monopoly. A firm that has no competitors in its industry is called a monopoly. Monopolies are not all evil. Neither are they utterly good. Monopolies are much maligned because their profit incentive leads them to raise prices and lower output in order to squeeze more money out of consumers. As a result, governments typically go out of their way to break up monopolies and replace them with competitive industries that generate lower prices and higher output. Our study examines Arcelor-Mittal: the uncontrolled growth of this steel giant often at the expense of peoples’ health in a rapidly globalizing world has given people all around the world common cause for resistance. We have focused on Arcelor-Mittal Temirtau Kazakhstan which as we think is the best example of monopoly of market failure. Our paper work on â€Å"Monopoly as a source of market failure† explores global steel giant’s environmental and social impacts in 2008-2009 that have emerged from the Environmental&Natural Resource Economics. First, we provide the background information about the theory of natural monopoly as a source of market failure. Then we show the certain case of such monopoly – ArcelorMittal Temirtau Kazakhstan. Our research analysis is divided to two parts: background information and social&environmental impacts of global steel giant’s work in our homeland. Considering the situation and the current conditions of Arcelor-Mittal we then provide following solutions to the company that have to be implemented in order to enable it to overcome and or limit the potential problems in the foresseable future. This topic is very crucial and relevant not just only for our country to be mentioned and finally to be solved but also for the whole world as Arcelor-Mittal is operating worldwide. However it still neither has taken into account the seriousness of the problems that it has induced to the environment nor all of the responsibility. Introduction: The rise of a steel giant. We are all shareholders, maybe not in the company, but 1 / 13 indeed in our environments, and shareholders of corporations such as ArcelorMittal need to be aware of this reality. Company shareholders are often blinded by the glossy reports, company greenwash and figures detailing rising profits. This paper work seeks to create a new awareness amongst ArcelorMittal’s shareholders, and calls on them to act on the evidence presented. Many perceive the rise of Mittal Steel – now ArcelorMittal – from a small mill to a global steel giant as one of the great wonders of the business world. The success of the company has coincided with the exploitation of weaker national laws and political wrangling. In the last three decades Mittal has bought up old, run-down state-owned steel factories in places like Trinidad, Mexico, Poland, Czech Republic, Romania, South Africa and Algeria. The cost of Mittal Steel’s success has largely been paid by the communities living and working near the company’s plants. Mittal Steel has a global reputation for prioritising productivity over the environment, communities and fair labour practices in countries where it operates steel mills, such as Romania, Poland, Czech Republic South Africa, Kazakhstan and the United States, in spite of frequent company statements about its attention to and investment in these areas. No longer can they be uninformed shareholders reaping annual profits. They need to accept responsibility for the negative impacts their investments have on peoples’ lives along with accepting the profits they reap on their shares. It is critical to understand that the local injustices presented in the report will not just ‘go away’. They need careful deliberation and shareholder resolutions for ethical investment that calls for improved operations on the ground in order to deliver environmental justice to local people. Economic monopolies have existed throughout much of human history. In ancient and medieval times dire scarcity of resources was common and affected the lives of most human beings. When resources are extremely scarce, little room exists for a multiplicity of producers for many products and services. Monopoly is a well-defined market structure where there is only one seller who controls the entire market supply, as there are no close substitutes for his product and there are no barriers to the entry of rival producers. However in this dynamically changing world there is no such situation where the commodity does not have a substitute. So for a monopoly to be effective there must be no practical substitutes for the product or service sold, and no serious threat of the entry of a competitor into the market. This enables the seller (â€Å"monopolist†) to control the price. The term monopolist is derived from the Greek word â€Å"mono†, meaning â€Å"single†, and â€Å"polist† meaning seller. Thus the monopolist may be defined as the sole seller of a product which has no close substitutes. At the beginning we state the background information about the theory of natural monopoly as a source of market failure. Then we show the certain case of such monopoly – ArcelorMittal Temirtau Kazakhstan. Our research analysis is divided to two parts: background information and social&environmental impacts of global steel giant’s work in our homeland. Considering the situation and the current conditions of Arcelor-Mittal we then provide following solutions to the company that have to be implemented in order to enable it to overcome and or limit the potential problems in the foresseable future. The Theory of Natural Monopoly. Market failure occurs when resources are misallocated, or allocated inefficiently. There are five important sources of market failure, each of which results from the failure of one of the assumptions basic to the perfectly competitive model. Each also points to a potential role for government in the economy. One of the causes of market failure is imperfect competition, particularly monopolies. An imperfectly competitive market is one where the assumption of many buyers and sellers does not hold. These types of market organizations include monopoly, monopsony, oligopoly, and monopolistic competition. The operations of monopoly or natural monopoly often result in misuse of market power and inefficient allocation of resources, which reduce community welfare. For this reason, governments generally regulate monopoly and enforce laws preventing cartels. This type is a major rationale for a comprehensive competition policy. A monopoly is a market with one seller and many buyers. A monopoly may exist because of special 2 / 13 government regulation or because the monopolist is the sole owner of a resource (due to a patent or some other reason). A monopoly has the following characteristics: †¢There is only one producer in the market †¢They sell a single product with no close substitutes †¢Monopolies are price makers. The monopolies demand curve is the market demand curve; therefore the firm can sell the product at a higher price but only if it reduces output. It has control over the price or quantity sold, but not both. †¢There are very strong barriers to entry. This might include: High capital costs; High ‘sunk’ costs. Sunk costs are those which cannot be recovered if the firm goes out of business, such as advertising costs – the greater the sunk costs the greater the barrier. Technological knowledge, when one firm acquires the technological know-how that other firms do not have Patents and copyrights, protecting other firms from copying their product; Government regulations and restrictions; The monopoly can execute predatory pricing which involves dropping price very low in a ‘demonstration’ of power and to put pressure on existing or potential rivals and/or limit pricing. Limit pricing is a specific type of predatory pricing which involves a firm setting a price just below the average cost of new entrants – if new entrants match this price they will make a loss! A natural monopoly. A natural monopoly is a firm that can supply a good or service to an entire market at a lower price than if there were two or more firms. It has some similarities to a monopolist. It is an imperfect competitor, the sole producer in a market, and able to retain this position because of barriers to entry, such as government regulation, technological leadership or large start-up capital, It is able to restrict output in order to increase price and earn supernormal profits. However, a natural monopoly has a downward-sloping average cost curve (AC) over the relevant range of outputs, which results from economies of scale. Economies of scale develop in the long run, which is a period of time when all inputs are variable and the constraints imposed by diminishing returns no longer apply. The graph below shows the long run as being made up of a series of short-run periods, shown as a series of short-run AC en shown together illustrate economies of scale. Figure 1. Economies of scale. Source Senior Economics Workbook: NCEA Level 3. Geoff Evans, Ben Cahill, John Rogers. Pearson Education New Zealand Limited, 2005. Chapter 10. Page 93. A â€Å"natural monopoly† because it is economically efficient for there to only be one supplier. The following diagram can help to illustrate just why: Figure 2. A natural monopoly. Source Senior Economics Workbook: NCEA Level 3. Geoff Evans, Ben Cahill, John Rogers. Pearson Education New Zealand Limited, 2005. Chapter 10. Page 109. Given the downward sloping supply curve, and ignoring the demand curve for a minute, having an equilibrium at point E1, which gives us price P1. We could assume that this is a monopoly equilibrium, where Q1 represents the entire size of the market – it represents everybody who wants to buy the good. But in the case of a duopoly market, where there are two suppliers, we could assume that each seller in the market has exactly half of the market. This corresponds to the equilibrium E2 on the above diagram, which gives us quantity Q2 and price P2. We can assume the Q2 = 0. 5 x Q1, and that each of the two firms supplies Q2 of the good in question. And here a major problem arises. If we have one firm only, the marginal cost of supply is P1, which is lower than the duopoly price, P2. This means that having two firms in a market ends up with the firms having to charge a higher price than if only one firm existed. In this case, it is efficient, or â€Å"natural†, for there to only be one firm in 3 / 13 the market. This is why declining-marginal-cost industries are called natural monopolies. Because natural monopolies tend to be utilities, which are services like gas, electricity, water and telephones, which the public generally holds to be necessities of life, we are not comfortable allowing these firms to charge monopoly prices (i. e. , the pricing where MR = MC). Because these are staples or necessities, the demand curve for these goods is very inelastic – it is very steep. This means that the monopolist price would be much higher than the free-market price, and a large volume of people would be denied basic necessities of life. Instead, we use the power of government to regulate prices in these markets. The normal avenue for regulation of natural monopolies is the public utilities commission. These exist at the state-level in the United States, and at the national level in many other countries. Utilities commissions are given the task of making sure that utility companies make enough money to stay in business, but not enough to enjoy monopoly profits. They make sure that everybody is served, and served well, in theory. Since utilities are monopolies that are not subject to market forces and competition, they have little pressure to be responsive to market forces, which means that they do not have to treat their customers well, because their customers do not have the ability to switch to a different supplier. The costs of monopoly: †¢Less choice. Clearly, consumers have less choice if supply is controlled by a monopolist – for example, the Post Office used to be monopoly supplier of letter collection and delivery services across the UK and consumers had no alternative letter collection and delivery service. †¢High prices. Monopolies can exploit their position and charge high prices, because consumers have no alternative. This is especially problematic if the product is a basic necessity, like water. †¢Restricted output Monopolists can also restrict output onto the market to exploit its dominant position over a period of time, or to drive up price. †¢Less consumer surplus A rise in price or lower output would lead to a loss of consumer surplus. Consumer surplus is the extra net private benefit derived by consumers when the price they pay is less than what they would be prepared to pay. Over time monopolist can gain power over the consumer, which results in an erosion of consumer sovereignty. †¢Asymmetric information There is asymmetric information – the monopolist may know more than the consumer and can exploit this knowledge to its own advantage. †¢Productive inefficiency Monopolies may be productively inefficient because there are no direct competitors a monopolist has no incentive to reduce average costs to a minimum, with the result that they are likely to be productively inefficient. †¢Allocative inefficiency Monopolies may also be allocatively inefficient – it is not necessary for the monopolist to set price equal to the marginal cost of supply. In competitive markets firms are forced to ‘take’ their price from the industry itself, but a monopolist can set (make) their own price. Consumers cannot compare prices for a monopolist as there are no other close suppliers. This means that price can be set well above marginal cost. †¢Net welfare loss Even accounting for the extra profits derived by a monopolist, which can be put back into the economy when profits are distributed to shareholders, there is a net loss of welfare to the community. Welfare loss is the loss of community benefit, in terms of consumer and producer surplus, that occurs when a market is supplied by a monopolist rather than a large number of competitive firms. 4 / 13. †¢Monopoly welfare loss A ‘net welfare loss’ refers any welfare gains less any welfare loses as a result of an economic transaction or a government intervention. Using ‘welfare analysis’ allows the economist to evaluate the impact of a monopoly. †¢Less employment Monopolists may employ fewer people than in more competitive markets. Employment is largely determined by output – the more output a firm produces the more labour it will require. As output is lower for a monopolist it can also be assumed that employment will also be lower. The benefits of monopoly:Monopolies can provide certain benefits, including: †¢Exploit economies of scale As we have already mentioned above, the natural monopoly exploits economies of large scale. This means that it can produce at low cost and pass these savings on to the consumer. However, there would be little incentive to do this and the savings made might be used to increase profits or raise barriers to entry for future rivals. †¢Dynamic efficiency Monopolists can also be dynamically efficient – once protected from competition monopolies may undertake product or process innovation to derive higher profits, and in so doing become dynamically efficient. It can be argued that only firms with monopoly power will be in the position to be able to innovate effectively. Because of barriers to entry, a monopolist can protect its inventions and innovations from theft or copying. †¢Avoidance of duplication of infrastructure The avoidance of wasteful duplication of scarce resources – if the monopolist is a ‘natural monopoly’ it can be argued that competitive supply would be wasteful. Natural monopolies include gas, rail and electricity supply. A natural monopoly occurs when all or most of the available economies of scale have been derived by one firm – this prevents other firms from entering the market. But having more than one firm will mean a wasteful duplication of scarce resources. †¢Revenue Monopolists can also generate export revenue for a national economy. A single firm may gain from economies of scale in its own domestic economy and develop a cost advantage which it can exploit and sell relatively cheaply abroad. Remedies for monopoly:If a monopolist can gain a foothold in a market it becomes very difficult for new firms to enter, with the result that the price mechanism is restricted from doing its job. Resources cannot be allocated to where they are most needed because the monopolist can erect barriers to other firms. These barriers will not ‘naturally’ come down. The failure of markets to ‘self regulate’ is at the heart of monopoly as a ‘market failure. There are a number of ways in which the negative effects of monopoly power can be reduced: Regulation of firms who abuse their monopoly power. This could be achieved in a number of ways, including: †¢Price controls Setting price controls. For example, the current UK competition regulator, the Office of Fair Trading (OFT), has developed a system of price ‘capping’ for the previously state owned natural monopolies like gas and water. This price capping involves tying prices to just below the current general inflation rate. The formula, RPI – X, is used, where the RPI (the Retail Price Index) is the chosen index of inflation and ‘X’ is a level of price reduction agreed between the regulator and the firm, based on expected efficiency gains. †¢Prohibiting mergers Prohibiting mergers – in the UK the Competition Commission can prohibit mergers between firms that create a combined market share of 25% or more if it believes that the merger would be against the ‘public interest’. In making their judgement, the ‘public interest’ takes into account the effect of the merger on jobs, prices and the level of competition. †¢Breaking up the monopoly Breaking up the monopoly into several smaller firms. For example regulators in the EU are currently 5 / 13 investigating potential abuse of market dominance by Microsoft, which is under threat of being broken up into two companies – one for its operating systems and the other for software. †¢NationalisationBringing the monopoly under public control – which is referred to as ‘nationalisation’. The ultimate remedy for an abusive monopoly is for the State to take a controlling interest in the firm by acquiring over 50% of its shares, or to take it over completely. The monopolist can still be run along commercial lines, but be made to operate as though the market were competitive. †¢Deregulation In those cases where a monopolist is already State controlled, such as the Post Office, it may be necessary to engage in deregulation to enable it to become more efficient. Deregulation could be used to bring down barriers to entry and open up a previously state controlled industry to competition, as has happened with the British Telecom and British Rail monopolies. This may help encourage new entrants into a market. Do Monopolies Undermine The Environment? As monopoly and natural monopoly tend to have a perpetual ownership of a scarce resource, they do not only ‘tie-up’ the existing scarce resources making it difficult for new entrants to exploit these resources, but also they often cause some environmental problems. Furthermore for many skeptics of the environmental benefits of market economies it seems that the fear of monopoly control over natural resources is one of their greatest concerns as well. The reality is actually much more complicated, because of the following: 1. Most natural resource industries are not controlled by monopolies, and are in fact characterized by a high degree of competitiveness. Agriculture, forestry, and fishing industries are almost everywhere characterized by markets with hundreds or thousands of players, some of them big but with plenty of smaller players as well. While limited degrees of market power exist in some of these industries in some areas, on the whole they are actually some of the more competitive industries in the world. Even energy and mineral industries are fairly competitive and where they are not they are characterized by oligopoly structures, almost never a monopoly. 2. Monopolies restrict output and raise the price of goods above their marginal costs (which leads to a loss of social welfare), which is why economists (mostly) consider them bad. But from an environmental perspective, they may actually be quite good since they lead to lower resource use and higher prices. For example, if oil was a completely competitive market the price would be lower and we would burn even more of it than if OPEC kept the price artificially high! The problem the environmentalist faces is not that monopolies keep prices high and limit output (that’s called conservation), but that this has a regressive effect and hurts the poor. (By the way, this is one of the biggest issues that confront environmentalists more generally, who for the most part would like to see resource prices rise. ). 3. As to examples where monopolies restrict R&D or limit technological innovation, there certainly are examples of this, but in general, the profit motive is sufficient to overcome this. Bottom line: the cheap prices of resources are the greatest threat to advances in efficiency and monopolies lead us in the opposite direction. 4. There are examples of what economists call â€Å"natural monopolies† where fixed costs are so high that only one company can be profitable providing a given service in a given region; examples are water, telecommunications, and electricity (imagine if every provider of water had to build their own pipe system? ). In cases where natural monopolies arise it is much more efficient for society to grant the company limited monopoly rights and regulate them. These are often called public utilities and abound in America (PG&E is my public utility in CA). The problem with public utilities is that often the regulators force them to charge very low prices that favor consumers but again lead to increased uses of resource; that is, if the monopolies were unregulated we would see lower resource use. 5. Let us not forget that the biggest monopolies in the history of humanity are state-owned. The monopolies in the former Soviet Union were certainly the biggest ever (and the worst environmental 6 / 13 offenders the world has ever known), and even today state-run monopolies for all sorts of resources (primarily oil, gas, and telecommunications) abound. Almost without fail, they are characterized by high prices, poor service, and abysmal environmental records. 6. Since competitive markets are one of the foundations of a prosperous economy, market-based societies have developed various forms of anti-trust legislation to ensure relatively high degrees of competitive in most markets. Laws regulating market share, anti-competitive pricing, etc. are commonplace in all of the advanced market systems, and have a relatively good record of success. Probably the greatest success has been in the telecommunications industry where deregulation has led to real price declines of almost 95% in telecommunications fees over the past 25 years. (Examples of the failure of states to break up monopolies abound in Latin America, particularly in telecom. I have written about how the Telmex in Mexico is one of the most egregious examples of robbing from the poor to give to the rich and how it is a great impediment to Mexico’s economic development. What the Mexiccam telecommunications industry desperately needs is more market-based competition to break Telmex’s grip, but unfortunately, due to immense corruption the average Mexican must continue to spend large shares of their meager earnings on phone calls. ) 7. Probably the biggest pro-competition policy is free trade and globalization. The greatest threats to regional and national monopolies come from trade from abroad and the innovation that trade accelerates. Contrary to popular wisdom, globalization does not increase the power of corporations over individuals, but just the reverse; people can shift their business to the other companies more easily as their choices increase. If you doubt this, just look at how lists of the â€Å"Fortune 500† companies continually shift every few years, and even more so in this more globalized age. In summary, while economists have long ago identified the pros and cons of monopolies, how they interact with environmental outcomes is not entirely straight-forward. What is obvious is that in non market-based economies we witness the worst forms of monopoly abuse and the resulting environmental degradation. ArcelorMittal: Going nowhere slowly. Background. ArcelorMittal Temirtau Kazakhstan(formerly Mittal Steel Temirtau, Ispat Karmet and Karaganda Metallurgical Plant). Arcelor Mittal Temirtau (AMT), founded in 1950, is one of the largest integrated steel plants in the world. The steel plant, along with all its infrastructure facilities, captive coal, iron ore and power plant, was acquired by ArcelorMittal – then Ispat – from the Kazakhstan government in 1995. Located in the city of Temirtau, population 170 000, in the Karaganda Region of Central Kazakhstan, it covers about 5 000 hectares and has a steel-making capacity of about 5. 5 million tonnes per annum. AMT operates eight coal mines in the region, producing a total of 12 202 million tonnes of coal in 2007. In the same year AMT’s output of rolled steel was 3. 581 million tonnes. The plant exports about 90 percent of its output, mostly to Russia, Iran and China. The towns of Temirtau and Karaganda as well as the surrounding area (about 1 million people) indirectly depend on the plant, which used to account for nearly 10 percent of Kazakhstan’s GDP . As of 2006 it employed 55 000 people and generated 4 percent of the country’s GDP. Figure 3. ArcelorMittal Temirtau exports the majority of its steel output but local residents pay the costs. Photo by CEE Bankwatch Network. Table 1. Mittal’s plant in Temirtau has received several direct and indirect loans from IFIs in the last 12 years: Year1997 Financial InstitutionEBRD PurposeTo restore productive capacity and improve efficiency in the steel mill and coal mines; develop value-added, higher quality steel, and to implement three environmental action plans that would improve environmental and health & safety impacts and bring the company into compliance with World Bank environmental guidelines. AmountUSD 54 million 7 / 13 RecipientAMT (former Ispat Karmet Steel Works) Year1997 Financial InstitutionIFC. PurposeTo restore productive capacity and improve efficiency in the steel mill and coal mines; develop value-added, higher quality steel, and to implement three environmental action plans that would improve environmental and health & safety impacts and bring the company into compliance with World Bank environmental guidelines. AmountUSD 132. 5 million RecipientAMT (former Ispat Karmet Steel Works) Year1999 Financial InstitutionIFC PurposeTo support the development of small and medium enterprises directly or indirectly associated with AMT and/or to assist workers formerly employed by AMT and/or to provide for the growth of the private sector in the Karaganda region. AmountUSD. 2. 5 million RecipientIndirect financial help to AMT through Kazkommertsbank. Year2001 Financial InstitutionIFC PurposeTo stimulate the relationship between the large corporate sector (in this case AMT) and the private SME sector. AmountUSD 3. 4 million equity investments. RecipientAMT. Year2004 Financial InstitutionIFC corporate loanPurposeTo enable LNM to improve the environmental performance of its present and future subsidiaries and bring them up to World Bank Group and/or European Union standards; – to assist LNM in creating and maintaining an environmental and worker health and safety system on a corporate wide level, to bring all its current and future operations in compliance with WB and/or EU standards;- to rehabilitate, dbottleneck and provide working capital and cash support to LNM’s present and future subsidiaries.      

Post Traumatic Stress Disorder ( Ptsd ) - 1805 Words

More women are serving in combat in the United States armed forces than ever before, despite this, there is little research on combat PTSD in women and comparisons of PTSD among men and women as well as how PTSD presents in differing ways in women than to their male counterparts. Post-traumatic stress disorder – more commonly known as PTSD – is most commonly associated with veterans of war and was originally termed shell-shock which was seen as a side effect of war during World War II. Now, scientists understand much more about post-traumatic stress disorder and it has become a treatable psychological disorder. However, as with many other psychological disorders such as depression and schizophrenia, PTSD varies minutely between men and women. (Gilbert, Nock, Schacter, Wegner, 2015, p. 599-600) Many gendered differences within PTSD have little research behind them because women have just recently begun work in combat and there hasn t been nearly enough research put into combat PTSD in women. In the few studies that were scientifically approved, there were certain differences, especially in pain complaints between men and women. Within the realm of combat zone PTSD, women also struggle greatly to have their problems heard among the vastness of the Armed Forces Administration. Both genders suffer from sleeping disorders caused by PTSD but women tend to have a greater likelihood for severe sleep disturbances while suffering from PTSD. Surprisingly, women also have a greaterShow MoreRelatedPost Traumatic Stress Disorder ( Ptsd )990 Words   |  4 PagesPost-Traumatic Stress Disorder Post-traumatic stress disorder is a common anxiety disorder characterized by chronic physical arousal, recurrent unwanted thoughts and images of the traumatic event, and avoidance of things that can call the traumatic event into mind (Schacter, Gilbert, Wegner, Nock, 2014). About 7 percent of Americans suffer from PTSD. Family members of victims can also develop PTSD and it can occur in people of any age. The diagnosis for PTSD requires one or more symptoms to beRead MorePost Traumatic Stress Disorder ( Ptsd )1471 Words   |  6 PagesRunning head: POST-TRAUMATIC STRESS DISORDER 1 Post-Traumatic Stress Disorder Student’s Name Course Title School Name April 12, 2017  Post-Traumatic Stress Disorder Post-traumatic stress disorder is a mental disorder that many people are facing every day, and it appears to become more prevalent. This disorder is mainly caused by going through or experiencing a traumatic event, and its risk of may be increased by issuesRead MorePost Traumatic Stress Disorder ( Ptsd ) Essay1401 Words   |  6 PagesAccording to the Mayo-Clinic Post Traumatic Stress Disorder, commonly known as PTSD is defined as â€Å"Post-traumatic stress disorder (PTSD) is a mental health condition that s triggered by a terrifying event — either experiencing it or witnessing it. Symptoms may include flashbacks, nightmares and severe anxiety, as well as uncontrollable thoughts about the event† (Mayo Clinic Staff, 2014). Post Traumatic Stress disorder can prevent one from living a normal, healthy life. In 2014, Chris Kyle playedRead MorePost Traumatic Stress Disorder ( Ptsd )1198 Words   |  5 Pages Post-traumatic stress disorder(PTSD) is a mental illness that is triggered by witnessing or experiencing a traumatic event. â€Å"PTSD was first brought to public attention in relation to war veterans, but it can result from a variety of traumatic incidents, such as mugging, rape, torture, being kidnapped or held captive, child abuse, car accidents, train wrecks, plane crashes, bombings, or natural disasters such as floods or earthquakes(NIMH,2015).† PTSD is recognized as a psychobiological mentalRead MorePost Traumatic Stress Disorder ( Ptsd )1423 Words   |  6 Pages Mental diseases and disorders have been around since humans have been inhabiting earth. The field of science tasked with diagnosing and treating these disorders is something that is always evolving. 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The literature regarding this topicRead MorePost Traumatic Stress Disorder ( Ptsd ) Essay1550 Words   |  7 PagesPost Traumatic Stress Disorder â€Å"PTSD is a disorder that develops in certain people who have experienced a shocking, traumatic, or dangerous event† (National Institute of Mental Health). Post Traumatic Stress Disorder (PTSD) has always existed, PTSD was once considered a psychological condition of combat veterans who were â€Å"shocked† by and unable to face their experiences on the battlefield. Much of the general public and many mental health professionals doubted whether PTSD was a true disorder (NIMH)Read MorePost Traumatic Stress Disorder ( Ptsd )944 Words   |  4 Pageswith Post-traumatic stress disorder (PTSD Stats). Post-Traumatic Stress Disorder is a mental disorder common found in veterans who came back from war. We can express our appreciation to our veterans by creating more support programs, help them go back to what they enjoy the most, and let them know we view them as a human not a disgrace. According to the National Care of PTSD, a government created program, published an article and provides the basic definition and common symptoms of PTSD. Post-traumaticRead MorePost Traumatic Stress Disorder ( Ptsd )1780 Words   |  8 Pagesmental illnesses. One such illness is post-traumatic stress disorder (PTSD). Post-traumatic stress disorder is a mental illness that affects a person’s sympathetic nervous system response. A more common name for this response is the fight or flight response. In a person not affected by post-traumatic stress disorder this response activates only in times of great stress or life threatening situations. â€Å"If the fight or flight is successful, the traumatic stress will usually be released or dissipatedRead MorePost Traumatic Stress Disorder ( Ptsd )1444 Words   |  6 PagesYim – Human Stress 2 December 2014 PTSD in War Veterans Post Traumatic Stress Disorder (PTSD) is a condition that is fairly common with individuals that have experienced trauma, especially war veterans. One in five war veterans that have done service in the Iraq or Afghanistan war are diagnosed with PTSD. My group decided to focus on PTSD in war veterans because it is still a controversial part of stressful circumstances that needs further discussion. The lifetime prevalence of PTSD amongst war