Over Concentration Of Services Essay

Moretti states that the economic map follows the three America theory that divides the United States into three different classes. He uses this theory to explain why these disparities occur between regions and their divisional factors. On the one hand, high wages for a skilled and unskilled labor force, on other low levels and declining markets and between the two, undecided cities. In other words, innovative cities, traditional manufacturing regions and in between the towns that can go anyways. What we can observe is that places where highly specialized innovation is predominant, for example where the engineers and designers are, clusters generate for each job created an additional five jobs outside the high technology industry. We can attribute this reason to the dense cluster phenomenon which the multiplier effect of high-tech companies when they are located near each other. The result of creating additional local service jobs increase significantly because people with a high average of wages tend to spend part of their salary on wealthy service. Moretti refers this type of employment as the non-traded sector, to exemplify, it is jobs that only be performed by the local workforce. On the opposite direction, the manufacturing industry

Aetna inc services is a gathering of an assorted wellbeing related offices that give medicinal services to the general public. It is committed in making the life of the general public better by creating more advantageous situations. This is an unmistakable sign that Standard human services center to make the best for society. Flag human services is one of the real medicinal services gathers that emphasis on giving medical advantage and scope administrations to the general public. This is the biggest single medicinal services administration supplier in US that endeavors to create and give quality administrations to all countries. This exposition examines the association availability in tending to human services needs of the general population in the following decade and their key arrangements in the issues of the system development, asset administration, medical caretaker staffing, and quiet fulfillment.

For my service improvement project I thought that it would be a good idea to produce a leaflet for patients containing information about the nursing team the leaflet would be freely available to patients being located on the wall of the waiting room along with other information leaflets. It would also be a good idea if the leaflets were made available in reception, as this is the patients first point of call, it may be possible to place the leaflets on the reception service area or in a close proximity. In addition, the leaflets could also be located in the GP rooms for issue to patients and they could also be given out by the nursing team , at the end of appointments, for future reference . The NHS Institute for Innovation and Improvement (now

Countries are enabled by free international trade to specialise or to focus in the production of the goods in which they have a comparative advantage. Specialisation countries can take the benefit of efficiencies generated from increased output and economies of trade. The size of the firm’s market are increased by the international trade which results in lower average costs and increasing in productivity, as it ultimately leads to increase in production.

These models immediately established the idea that countries specialize and trade, not only because of underlying differences, but also because increasing returns are an independent force leading to geographical concentration of production of each good. Indeed, at a logical level, increasing returns are as fundamental a cause of international trade as comparative advantage. (Krugman P. R., 1987, p. 133).

Today there is a great need for social service organizations. The population of a lot of cities and countries has grown, creating the need for more shelters, soup kitchens, and so on. Most of these organizations are church based and community founded. Then there are others that are funded by federal and state government.

This same logic leads not just towards generalized urban agglomeration but to the emergence of multiple dense industrial districts within the metropolis. The internal production spaces of large cities are composed of mosaics of particular kinds of industrial land use focused on localized nodal clusters comprising activities that range from manufacturing to office and service functions. For example, gun and jewellery manufacturing in Birmingham, England; footwear industry of East London; clothing production of New York City; motor-vehicle industry of Tokyo; and office functions in modern metropolis illustrate different aspects of the theory of industrial organization and location. They represent especially clear cases of the internal specialization of parts of the production space of the large metropolis. As such, they illustrate both, the generality of the problem of agglomeration and the wide diversity of concrete forms that it can assume under different conjectural circumstances.

The aspects of trade are always dynamic. When a particular country is producing a given good better than another country producing another different good (with the assumption that each demands for both goods), they would easily trade. However, a challenge comes when one country produces both goods in a better way than the other country. Such a shift in the aspects of trade focuses on the differences between the theory of comparative advantage versus opportunity costs (Ruffin, 2002).

Mid-Term Examination Essay Questions 1. Economic geography is the study of the location, distribution and spatial organization of economic activities across the Earth. One can also say that it is the means to allocate and the use of natural resources by the defined area or place. It helps in implementing theories based on the use of geographical space and the location of human settlement and production activities.

Paul Krugman is well known for his New Trade Theory, International Trade Theory, and for his weekly columns in The New York Times. Krugman has written over a dozen books and textbooks explaining economics for a general audience. Krugman is a Professor of Economics and International Affairs at Woodrow Wilson School of Public and International Affairs at Princeton University and Centenary Professor at London School of Economics. What is critical in Krugman’s approach is he united two fields, which traditionally are separated- trade and geography. He has found a way to explain some issues in economic geography by using the trade theory. He won a The Sveriges Riksbank Prize in Economic Science in Memory of Alfred Nobel 2008 for his New Trade Theory and New Economic Geography. By examining the effects of economies of scale on consumers’ goods and services he is able to explain the patterns of international trade and the geographic concentration of wealth.

Paul Krugman is well known for his New Trade Theory, International Trade Theory, and for his weekly columns in The New York Times. Krugman has written more than twenty books and textbooks explaining economics for a general audience. Krugman is a Professor of Economics and International Affairs at Woodrow Wilson School of Public and International Affairs at Princeton University and Centenary Professor at London School of Economics. What is critical in Krugman’s approach is he united two fields, which traditionally are separated- trade and geography. He has found a way to explain some issues in economic geography by using the trade theory. He won a The Sveriges Riksbank Prize in Economic Science in Memory of Alfred Nobel 2008 for his New Trade Theory and New Economic Geography. By examining the effects of economies of scale on consumers’ goods and services he is able to explain the patterns of international trade and the geographic concentration of wealth.

The current international system is characterized by growth in globalization hence regional integration is becoming a common phenomenon in most parts of the world. As a result of states becoming more interconnected, most of them have opted for regional integration so as to enhance trade between states thus boosting economies of the states as well as the regions as a whole. Besides free trade, regional integration has seen to it the elimination of trade barriers, free movement of goods and people across borders, regional co-operation in issues to do with peace and security within the regions among various other benefits of regional integration. One of the regions that has grown as a result of regional integration is the European Union (EU), which is an economic and political partnership composed of 28 European countries. This paper will focus on the EU and give a theoretical analysis of the Brexit while giving lessons of integration and liberalization based on the Brexit.

External economies of scale occur when the cost per unit depend on the size of the industry but not necessarily on the size of any one firm(Krugman et al,2015:179).It also consists of potential reduction of average cost associated with higher level of productivity. Often differences between countries and economies of creating the need to trade, as thus economies of scale make it advantageous for each country to specialize in the production of an only limited range of goods and services (Krugman et al,2015).In understanding the significance of economies of scale ,Adam smith postulates that each country could produce one or more commodities at a lower cost than its trading partners .It then follows that each country will benefit from specialization, this pattern of trade often reflect a created comparative advantage meaning that a country can produce at a lower cost than the other country (Theo S et al,2009).A large of production is more efficient, the cost per unit of output falls, while the industry increases production as a result it encourages trade amongst countries.

Do you agree that twentieth century divergence in economic development across countries was largely the result of geographic factors?

According to traditional trade theorists such as David Ricardo and Heckser-Ohlin, trade was only plausible and could only lead to mutual gains if countries had different technologies or differed in their resources (Emanuel Larao Pg. 2). They believed that trade could only consist of inter-industry trade, which was the exchange of goods in different product categories. Heckscher-Ohlin more specifically believed that trade could still be beneficial between two countries, if a country that was endowed with an abundance of capital; the country exported capital-intensive goods to a country that had an abundance of labor. The country with an abundance of labor would then export the labor to the country with an abundance of capital goods and import capital-intensive goods (Andrew Clark Pg.3). Two countries that adopted these characteristics are Malaysia and Singapore after 1992 when the association of Southeast Asian Nations (ASEAN) signed the ASEAN free trade agreement (Andrew Clark Pg.6). Singapore has been know to be the world financial center and is more capital abundant. This is demonstrated by (K/L)S > (K/L)M. Malaysia however, is more labor abundant and employs the (L/K)S < (L/K)M theory. When discussing Labor and Capital abundance the 2x2x2 model cannot be excluded. This model says that there are two countries (Singapore and Malaysia) two goods (x and y) and two factors of production (capital: K and labor: L). When (w/r)S > (w/r)M, Singapore is said to be capital abundant