Economics Research Paper Example | Topics and Well Written Essays - 1000 words - 3

Economics - Research Paper Example Immigration of Chinese to the U.S. proved one of the very important points in this economic shift. Impact of Chinese immigration to U.S over decline of Michigan furniture market cannot be denied. Plafker (2008) discussed how important it has become for the local/domestic U.S. furniture market to add value to its products. To remain competitive, the market needs to outsource less and become more productive in their own efforts. Plafker (2008) noted that while historically, the furniture industry in Michigan had thrived on local timber, most manufacturers had been forced to scale back or close down completely due to a lack of innovation and diversification within their manufacturing processes. Usually due to economic, political or social reasons, people from one country move to another country for permanent residence. This phenomenon is called as immigration. Looking at the map of immigration trend in the world, it is obvious that most of the immigration in last few decades have been from the most densely populated region of the world to the world’s most economically stable region. The immigration has been frequent to the extent that it has increased the competition for jobs and unemployment to the level that the shift of whole economic activities and industries can be seen from older region of dominance to newer ones. Taking the case of Michigan furniture industry, it can be seen that most of the profitable ventures related to Michigan based furniture industry are now operational in China. As the map shows, even in the recent years, the trend has been of migration from China, to the U.S and not other way round. As a result, Chinese work force has literally taken over the U.S work force, especially considering the point that Chinese have the capability of offering economy of scale at the best possible level in this world. The world economy has changed in the 21st century and so is the furniture industry. At present 70% of

Transnational Negotiation Experience Essay Example | Topics and Well Written Essays - 1000 words

Transnational Negotiation Experience - Essay Example There is a very tight competition in transnational banking markets. Due to the market competition, many people consider that one of the best ways for managers to be able to compete in the market is to increase their negotiation skills not only when dealing with clients but also with a large group of employees. Given the fact that I have been employed in a local bank for a little more than four years, I intend to describe two of my personal negotiating experiences with bank clients and a bank manager I dealt with several years ago. In the process of discussing my personal negotiating experiences, strategic ways I have applied when dealing with a client and a group of employees will be tackled. Eventually, the outcomes of each negotiating processes will be analyzed. For several years, I work in a local bank as a teller. As part of a teller’s main tasks, it is my job responsibility to provide the clients with competitive quality customer service at all times. One way to ensure that clients are given good quality customer service is to ensure that each client receives an efficient and accurate banking transaction processes. Aside from giving them quality service, part of our job is to sell the bank’s newly offered products and services to our customers each day. In many cases, I have come across dealing with clients who are planning to open new personal accounts. The most common queries I have received from clients is where to put their money to earn the biggest interest rate for their savings. Normally, I would discuss with them several bank products such as a normal savings account which they can easily open with a minimum deposit of US$200 which comes with a passbook and an atm card aside from the time deposit option of 30, 60, and 90 days which gives more interest rate than a normal personal bank account. Upon presenting the bank products they can choose from, I would intentionally inform them the advantages and disadvantages of