Personal Essay About Yourself - How to Write Your High School Essay

Personal Essay About Yourself - How to Write Your High School EssayPersonal essays are a great way to write your high school thesis. There are some things you should consider when writing a personal essay about yourself, if you want it to be impressive. There are many different essay formats, but each of them has certain guidelines that you need to follow to make sure your essay is as good as it can be. You can find these guidelines by looking at sample essays in various high school courses.Theses are one of the most used formats. It's so commonly used because it gives students something to look back on later and remember what they learned. The reason why they prefer them is because the essay topic is given a beginning, middle, and an end. If you are writing a thesis, you need to make sure that the introduction is simple and precise, and that it contains only information that is needed. You need to make sure that the ending is nice and sweet, and that it presents a final conclusion t hat is based on all the information you presented throughout the essay.Essays with theses can be done for two reasons. One is if you want to write an essay about yourself for an assignment, the other is if you want to read it and put your own thoughts on it. If you are doing it for an assignment, then you need to put your own ideas into the essay, and add your own judgments about the subject at hand. When you are reading the essay, the first thing you need to do is to take notes and make sure you know what you were thinking while reading it.For a personal essay about yourself, a thesis would probably be better. Thesis formats are much easier to understand than theses because you don't have to work so hard to make it understandable. You also have more freedom to talk about everything you wanted to talk about and anything you feel strongly about.Theses are harder to write, but writing a thesis is easy. Theses are a lot like essays because you will have to use grammar and spelling rule s that are designed to make them as easy to read as possible. Plus, theses usually give you a problem set at the end of the essay that you can use to solve the problems you encountered while writing it.Of course, you can find sample essays in theses as well. These will help you get the idea of what your essay should look like. But these are only slightly better than a thesis. Theses are also very hard to write. You need to make sure that you have enough of an idea of what you want to write about, and you need to make sure that you are consistent with how you present your topic.These are all the things you need to think about when writing a personal essay about yourself. Make sure that you apply the guidelines that are presented here to make sure that you will have a memorable and informative essay.

Science versus Religion in Cat’s Cradle - 1410 Words

â€Å"The idea that philosophy and science can be combined to give us the best possible knowledge about the world and how to act within it is an old one, encapsulated by the classic concept of scientia, a Latin word that means knowledge† (Pigliucci 6). In the book Cat’s Cradle the main topic of debate is clearly science versus religion. In many ways, these two topics are very different, but in others, they are quite similar. Both science and religion have a common goal, to find truth in the world. The main character of Cat’s Cradle is a man named John. At the beginning of the book, John is a Christian who is doing research on Felix Hoenikker, the maker of the atomic bomb. His attempt to learn about the science behind the bomb leads him to a†¦show more content†¦Pigliucci clearly believes that science and religion are both means of discovering new things, and if combined, they can be used even more effectively. In Cat’s Cradle the main character Jo hn starts his quest for knowledge by doing research about a recent scientific discovery. He decides to learn all he can about the making of the atomic bomb. His research leads him to a small island called San Lorenzo. On this island is where he first learns about Bokononism. Although it is illegal to be a Bokononist on the island of San Lorenzo, everyone is. The president has made the religion illegal to add a sense of excitement and purpose to the lives of his citizens. In doing this, he helps make the religion more important in the eyes of his people, which in the long run gives purpose to the lives of his citizens. In Cat’s Cradle, Bokononism plays a major role in the lives of all the characters. On the island of San Lorenzo, it is forbidden to be a Bokononist, but the citizens think it’s important enough to break the law. Everyone on the island is a Bokononist. â€Å"Everyone on the island, including papa Monzano, is a Bokononist. The persecution of Bokononism is an elaborate game, meant to give the religion more zest† (Marvin 82). The leaders on the island decided to make the religion illegal to add more excitement to the lives of the people on San Lorenzo. By making the religion illegal, the leaders

Renaissance and the Reformation Essay example - 2166 Words

The term â€Å"Renaissance† literally translates to â€Å"rebirth† as the Renaissance was a cultural and academic movement emphasizing the rediscovery and application of texts and philosophy from the Greco-Roman and classical eras. The Renaissance lasted approximately three centuries, beginning in the 1400’s and ending roughly in the 1700’s. Although no definite date can be accredited for the beginning or end of the Renaissance, it is believed to have been birthed by a gradual influx of ideas that was ultimately aided by Johannes Guttenberg’s invention of the printing press in 1436. The beginning of the 1400’s is characterized by a resurgence of knowledge based on classical Latin literature, which can be attributed to Francesco Petrarch and the†¦show more content†¦In the Middle Ages the main school of thought was Scholasticism, which emphasized logic and rational theology. Scholastics were taught with strict practice; humanists despised this form of education, instead opting for an education based on symposium which would allow them to create a tight knit community. Many people associate Humanism with a disregarding of God; however Petrarch, the most notable Renaissance humanist, respected the teachings and philosophical foundations of the Church and admired prominent Church figures such as St. Augustine. Humanists, such as Petrarch, focused on personal expression, independence and appreciation of worldly pleasures. Petrarch outlines his humanistic view in a variety of letters, one example of which is A Self-Portrait and another The Ascent of Mount Ventoux. Petrarch’s letter to Francesco Bruni, a papal secretary, was posthumously published as A Self-Portrait, which shows the humility, also attributed to many humanists, of Petrarch: â€Å"You make an orator of me, a historian, philosopher, and poet, and finally even a theologian,† Petrarch begins, â€Å"I do not deserve to have them heaped on me. But let me tell you, my friend, how far I fall short of your estimation. It is not my opinion only; it is fact. What am I then? I am a fellow who never quits school† (Cassirer 34). Here Petrarch admits that he is humbled by the various titles bestowed on him, but he does not deserve them because he has not lived up to theseShow MoreRelatedThe Renaissance And Reformation And The Reformation1507 Words   |  7 PagesThe Renaissance and Reformation – two of Europe’s largest movements – grappled many of the same issues. Both these movements addressed the question of human fate and tried to make changes to entities and institutions in society. These broad similarities allow some to believe that the Renaissance and Reformation had a relationship in which the former caused the latter. However, while both the Renaissance and Reformation deal with questions of human fate and are movements of change, the answers theyRead MoreRenaissance and Reformation806 Words   |  4 PagesThe renaissance and the reformation were two of the most significant changes in history that has shaped our world today. Both of these great time periods are strikingly simila r in some ways and totally different in others. This is because the renaissance was a change from religion to humanism whether it is in art or literature; it is where the individual began to matter. However, the reformation was,† in a nutshell,† a way to reform the church and even more so to form the way our society is todayRead MoreThe Renaissance And The Reformation746 Words   |  3 Pagesmasquerades as an angel of light. 15It is not surprising, then, if his servants also masquerade as servants of righteousness. Their end will be what their actions deserve.† The Renaissance and the Reformation was an era in time of rebirth for aspects in life. Per our reading the term Renaissance is another name for rebirth. â€Å"Renaissance is a term that means â€Å"re-birth†. The idea is that there was a re-birth of classical Greco-Roman cultural heritage into European society.† With this new found discover ofRead MoreThe Protestant Reformation And Renaissance : The Renaissance And The Renaissance1008 Words   |  5 Pagesresemblance to another. As to the concern of the relation between the Protestant Reformation and Renaissance, they both encompass apparent elements of individualism and religious reasoning. In spite of this, both these events can be separately indentified as different based on the change they incited on the whole of Western Civilization and of who was actually effected during their time. The foremost impact of the Renaissance is the inspiration of human thought and choices created by the Humanist writingsRead MoreThe Renaissance Versus the Reformation1340 Words   |  6 PagesThe Renaissance versus the Reformation I feel, sometimes, as the Renaissance man must have felt in finding new riches at every point and in the certainty that unexplored areas of knowledge and experience await at every turnÂâ€"Polykarp Kusch. Two very critical periods in the history of western civilization involved the eras of the Renaissance and the Reformation. The renaissance evolved mainly in direct result to the medieval times where the people where obedient to authority. The reformationRead MoreRenaissance And Reformation, 1350-16001879 Words   |  8 PagesSubject: Date: Renaissance and Reformation, 1350-1600 Renaissance was a time that began in 1300, during the last middle age and ended in during the late 1500s but correctly marked the period of the European history. The word in French meant ‘rebirth’ of the European civilization. The Reformation was the break from the Catholic Church and the birth of Lutheranism or Protestant that was championed by Martin Luther King. The essay will focus on the origin of Renaissance and Reformation explaining theRead MoreThe Renaissance : An Era Of Rebirth And Reformation1171 Words   |  5 PagesThe Renaissance was an era of rebirth and reformation, which brought about awareness of various cultures. It was a period of intellectual improvement because there was a new enthusiasm for learning. Also, there was an increasing focus in humanism, which emphasized the importance of individualization. Numerous improvements in literature, art, music, and philosophy led to developments that still influence today’s way of living. The explorati on of the new world allowed the natural beauty of the worldRead MoreThe Revolution And Reformation During The Renaissance1205 Words   |  5 PagesRevolution and reformation; these are two words that are often identified with war, disagreement, and regional effects. While these things do indeed come along with a revolution or reformation, they heed an array of positive and secular outcomes as well. In addition, a revolution can, and usually will, cause a reformation. Conversely, a reformation can cause a revolution. This can happen despite the two things involved with the change or disagreement being seemingly unrelated. The world is connectedRead MoreThe Importance of the Renaissance to the Reformation in Germany1263 Words   |  6 PagesThe Importance of the Renaissance to the Reformation in Germany The reformation was a movement that fundamentally challenged the authority of the Roman Catholic Church. The role of the clergy was undermined and the relationships between national countries and the Roman Catholic Church were threatened. The renaissance began in Italy during the fifteenth and sixteenth centuries through patronage and the flourishing society, and Rome achieved cultural prominence. It laterRead MoreBlending of Renaissance and Reformation in Paradise Lost2288 Words   |  10 Pagesstyle which holds classical flavor. So, Milton shows Biblical theme in classical mood. We can also say that Milton’s mind is shaped and moulded by the influence of the Renaissance and the Reformation. On the one hand, he drank deep of classical poetry and philosophy and is inherited all the culture and humanism of the Renaissance and on the other, he has a deeply religious temperament, and is a profound student of the Bible and the literature of the scripture. Thus at the back of Milton’s mind there

Marketing Case Studies And SWOT Analysis of Fast Fry USA

Question: Give a report on the swot analysis? Answer: Introduction: The fast food restaurants form the essential portion of the American Culture and have gained momentum in the recent years. It is by virtue of the fast food industry that has eased out the lives of the American as they are able to have meals at cheap rates. USA is considered to be the fattest country where a section of the residents blame the heavy advertisements and unhealthy and over sized sale of food that initiated the problem of obesity. However the other part derives positive externality from the fast food industry and states that obesity is a matter of personal responsibility and choices (Libcom.org, 2015). In this report, a popular restaurant in Texas called Fast Fry will be analyzed using SWOT analysis and discuss them along with the aspect of organizational culture of the company. Company overview: Fast Fry is a popular fast food restaurant chain around 1000 branches which serves 70 million people within the country every day. The restaurants sell fast food around the world through private ownership and independent franchisees. The Fast Fry offers a wide range of hamburgers, chicken and French fries, breakfast meals, soft drinks and desserts which is the typical meal pattern of USA. The Fast Fry has several outlets within the country which is preferred by individuals of every age group but despite the success of the Fast Fry, there are numerous strengths, weaknesses, opportunities and threats to the organization. Swot analysis: The SWOT Analysis is commenced as below: (Ahmad, 2013) Strengths Weaknesses High Quality and unadulterated food with natural processing. Brand recognition is worth $20 billion. Food menus are locally popular. Targeting the children and Teenagers Partners are reputed brands. More than 75% of the restaurants are independently owned by franchisers. Controversies related to unhealthy food options. Low advertising budget. High unskilled workers. Absence of variation in season good products. Training cost of unskilled workers are high. Opportunities Threats Expanding the chain through joint ventures with different retailers. Adoption of more healthier options by being reactive towards the social changes Increasing the advertising of the company. Being more environmentally responsible. Introduce allergen free food products. Expanding the beverage choices. Targeting children causes a concern of obesity in the country. The addictive additives in the food have driven lawsuits. Threat of Competition. Consumers becoming ethically conscious. (Harvard Business Review, 2015) Consumers preferences turning towards healthy food choices. Economic downturn affecting the sale of the company. Report on the swot analysis: Strengths- the company engages in healthy food options by processing the food naturally and unadulterated. The recognition of brand of Fast Fry is worth $20 million which is a huge amount. The food items of the Fast Fry are prepared based on the local demand and food preferences. The target customers of the company are the children and teenagers who are more inclined towards the fast food choices. Through advertising and offers of meals, the children and the teenagers are influenced to consume the fast food. The company has established partnership with the reputed brands so that the well being of the company is maintained. The expansion of the company through franchise ownership has helped them to increase the sale and revenue which in turn increased the profit of the company. Weaknesses- Fast Fry is subjected to several controversies related to the unhealthy food options like unhealthy sourcing of meat, addition of allergens and other additive which are harmful for the children. The controversies have impacted the sale of the company. In this regard the consumers are also becoming ethically conscious about the food they have and the method by which the company processes the food. This has created problem for the company as they have to be more careful now. The low budget in advertisement has hindered the potential sale of the food products. The advertisement is a way to reach out to the potential customers who could have increased the sale of the products. (Jugenheimer Kelley, 2009) Fast Fry has appointed huge number of unskilled staffs in order to cut down cost, but it has only decreased the marginal productivity and profit. Moreover training cost for these staffs have incurred high cost for the company, again lowering their profit. Opportunities- the Fast Fry must expand the restaurant chains through joint ventures that would increase the sale and fetch enough recognition and reputation of the company (nibusinessinfo.co.uk, 2015). Fast Fry can incorporate environment friendly campaigns like using paper bags, paper plates for serving meals. The companys sales can also be increased by expansion of the beverage options. Food products must be allergen free. Threats- the rise of the fast food restaurants in the US is occurring at an alarmingly rate which has posed competition for Fast Fry. The problem of obesity was initiated by the fast food industry hence the Fast Fry can face a legislation that might limit the scope of the company. Another threat can be the consumers are becoming health conscious changing their food habits towards fruits and vegetables, this will drive down the sales of the company. (Fine, 2009) Opportuities for changes: Fast Fry must change the advertising budget and expanding the opportunities by engaging in joint venture. The employee number of the company must be cut down to increase the sale and reducing the cost of the company. The company must utilize the opportunities to hire skilled employees and eliminate the cost of training. This would increase the profit of the company. Lastly, the company must be careful to ethically source, ethically produce and ethically distribute the product. (Tech Times, 2015) Conclusion on organizational culture: Fast Fry has a strong organizational culture which motivates the employees to work efficiently. The company supports the concept of youth employment that will contribute to the economic growth of the country. Fast Fry also associates with the communities through campaigns and initiatives. The company offers several employees benefits in the form of flexible shift timings, free meal incentive for the employees and provides a healthcare programs to maintain the health status of the employees. The strengths of the organizational culture is in the frequent promotional schemes and the opportunities of increment in salary. Thus, based on the SWOT analysis of Fast Fry it can be said that there is a potential scope for the company to capture the relevant opportunities and drive away the threats and weaknesses of the company to initiate growth. (Warsi Nisa, n.d.) Reference: Ahmad, M. (2013).Marketing Case Studies and Swot Analysis. Saarbrucken: LAP LAMBERT Academic Publishing. Fine, L. (2009).The SWOT analysis. [S.l.]: Kick It. Harvard Business Review,. (2015).Ethical Consumerism Isnt Dead, It Just Needs Better Marketing. Retrieved 14 May 2015, from https://hbr.org/2015/01/ethical-consumerism-isnt-dead-it-just-needs-better-marketing Jugenheimer, D., Kelley, L. (2009).Advertising management. Armonk, N.Y.: M.E. Sharpe. Libcom.org,. (2015).The fast food industry and how it was built. Retrieved 14 May 2015, from https://libcom.org/history/fast-food-industry-how-it-was-built nibusinessinfo.co.uk,. (2015).Joint venture - benefits and risks. Retrieved 14 May 2015, from https://www.nibusinessinfo.co.uk/content/joint-venture-benefits-and-risks Tech Times,. (2015).Fast Food Still as Unhealthy as Ever. Retrieved 14 May 2015, from https://www.techtimes.com/articles/24368/20150102/fast-food-still-as-unhealthy-as-ever.htm Warsi, K., Nisa, S. Food Retailing: Fast Food Industry.SSRN Journal. doi:10.2139/ssrn.664962

Tiny Tim Essay Example

Tiny Tim Paper In this paragraph I will focus on the character of Scrooge how he starts to realise his social responsibility. Dickens made Scrooge the main character to represent all the rich people in London, so if he could change Scrooge, he thought he could change all the rich people in London, and to help the poor. At the beginning of the novel Scrooge can be described as:- A squeezing, wrenching, grasping, scraping, clutching old sinner. This range of adjectives show what a man Scrooge was. Also this simile shows what Scrooge was like: Hard sharp as a flint. His views on Christmas and on giving money to the poor are very negative. When the members of a charity come to collect money, Scrooge uses humour to express his views:- Everyone who likes Christmas should be buried with a stake of holly through their heart, and should be boiled with their Christmas pudding. This shows what Scrooge thinks of Christmas. Visits from the ghosts help Scrooge realise his social responsibility by showing him what will happen in the future, if he does not change his ways. The ghost of Christmas past takes Scrooge back into episodes from his past life to show him his mistakes. We will write a custom essay sample on Tiny Tim specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Tiny Tim specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Tiny Tim specifically for you FOR ONLY $16.38 $13.9/page Hire Writer When Scrooge was a boy he was very lonely and he was always by himself, then later Scrooge says:- Nothing, there was a boy singing a Christmas Carol at my door last night. I should have given him something. This shows that Scrooge is thinking of that boy as himself and knows what it is like to be lonely, and regrets not giving him something. Also Scrooges sister, Fran was very kind to him, and rescued him at Christmas, then when the spirit asks him if he has any relatives he replies:- Scrooge seemed uneasy in his mind, and answered briefly Yes. This shows that Scrooge is remembering how much he loved his sister, and how badly he has been treating his nephew, Fred. Also then they go to Scrooges old bosss Christmas party, his old boss Mr. Fezziwig invites everyone round, stops all work, treats Scrooge very well, he brought in a fiddler to play music, there is lots of food drink, and everyone is happy jolly. Then suddenly Scrooge says:- I should like to be able to say a word or two to my clerk just now. This shows Scrooge starting to think of other people, and how badly he treated Bob Crachet. After that suddenly Scrooge breaks up with Belle(Scrooges girl friend), Belle says:- But if you were free today, tomorrow, yesterday can even I believe that you would choose a dowerless girl. This shows that Belle is letting Scrooge go, because he will not get a dowery, a dowery is when the father of the bride gives the husband money to take her away. Also a few years later, Belle had a child with someone:- He thought that such another creature, quite as graceful and as full of promise, might have called him father. This shows that Scrooge regrets breaking up with Belle, and wants he to be her husband, and the childs father, so Scrooge is very jealous. In this paragraph I am going to analyse the character of Tiny Tim and why he is significant. When Tiny Tim enters he is described as:- Alas for Tiny Tim, he bore a little wooden crutch, and had his limbs supported by an iron frame. This shows that Tiny Tim is disabled and cant look after himself. Dickens made Tiny Tim a child because people feel more sympathy towards children. Plus Tiny Tim represents all the poor people and children who need help around the world. Tiny Tim is Bob Crachets son, later Bob talks about his son to his wife, he says:- He hoped the people saw him in the church, because he was a cripple. This shows that Tiny Tim wants people to remember Jesus at Christmas through him. Tiny Tim makes Scrooge change by making him realise how poor him and his family are. But the Crachet family are not greedy though; Nobody said or thought it was a small pudding for a large family. This shows that the Crachet family were very grateful for what they had. Tiny Tim also likes to says:- God bless us everyone. This shows Tiny Tim is thinking of others a lot of the time. Near the end of the chapter, Scrooge and the spirit are talking about Tiny Tim:- What then? If he be like to die, he had better do it, and decrease the surplus population. This shows the spirit is using Scrooges own words back at him when he was talking to the charity workers. Tiny Tim helps Scrooge to change by making him realise how badly he has been treating Bob Crachet, and that if Scrooge does not pay his clerk more salary then Tiny Tim will die, because the Crachet family need the money for more food and medicine. Scrooges nephews views about social responsibility are very different from Scrooges, because Fred does not only care about himself and his money, he cares of others and helping others:- And therefore uncle, though it has never put a scrap of gold or silver in my pocket, I believe that it has done me good.

The Incorporation of Venezuela into Mercosur

The Incorporation of Venezuela into Mercosur Introduction Mercosur (Southern Common Market) initially started with the Asuncion Treaty which was inked by Brazil, Argentina, Paraguay and Uruguay in 1991 to establish a free trade province and finally to establish a common market. In 2007, Venezuela joined the forum. (Tondi 353).Advertising We will write a custom thesis sample on The Incorporation of Venezuela into Mercosur specifically for you for only $16.05 $11/page Learn More The main aim of Mercosur is to offer the probabilities to expand exports, to augment investment and to create a greater economic development among member nations. (Dominguez Oliveira 178). The core objective of Mercosur is to institute a customs union in common and a market place in common between member nations of Mercosur. (www.associatedcontents.com). Mercosur market includes free transportation of products and exclusion of custom duties among members within regions. (Motley 2006). When there was an expansion in Mercosur in J uly 2006, the internal dynamics of Mercosur are being altered. Admission of Venezuela, which is the third major economy of Mercosur group after Brazil and Argentina which aggregates over 250 million population in the regional bloc and an aggregate of a GDP of $ 1.1 trillion. To become a full member, Venezuela is required to implement Mercosur regulations and rules, which include espousal of CET and transpose Mercosur contracts with third nations into its domestic legislation. (UK House of Commons Report 80). Venezuela’s government expenditure and its economy are depending upon its oil income. About thirty percent of Venezuela’s GDP comprises of oil income. Further, oil exports constitute about eighty percent of Venezuela’s export. About 16% of Venezuela’s GDP is made up from its service sector. Though, t he economy of Venezuela is very robust, its entry into Mercosur will help to expand its economy. The main objective of associating with Mercosur is to ex pand its business within the region. (Motley 2006).Advertising Looking for thesis on international relations? Let's see if we can help you! Get your first paper with 15% OFF Learn More Venezuela became a full member of Mercosur in January 2006. However, Venezuela’s membership is not absolute as there is a midway phase to depart CAN and to synchronize strategies with other associate nations of Mercosur. (Massabie 153). Though Venezuela approved the† Climate Change Convention in March 1995†, but it was the very last Latin American nation to approve in â€Å"February 2005 the Kyoto Protocol. â€Å" For many years, Venezuela declined to approve the Kyoto’s Protocol in consonance with the OPEC as Kyoto Protocol did not acknowledge condition Venezuela as the major seller of oil. (Massabie 153). Mercosur has been deteriorated frequently due to political chaos between its member nations. The admission of Venezuela to the Mercosur in the ye ar 2008 brings a new member with a clearly varied political ideology into the Mercosur and has once again posed a threat to the political decision authority of Mercosur. (Tondl 28). It is to be observed that Venezuela is playing an active role in all Latin American integration mechanisms. Venezuela was an associate of the â€Å"Andean Community of Nations (Comunidad Andina de Naciones, CAN)†. (O’Keefe 99). However, Venezuela said goodbye to CAN in 2005 averring grave divergence with other member nations. In 2004, Mercosur together with Colombia and Ecuador became an associated member of Mercosur. The Protocol of Adhesion stipulates that it will be enforced once it is approved by all five signatory nations of Mercosur. The Venezuelan congress approved the Protocol of Adhesion as early as August 2006. As of January 2009, it is yet to be approved by the Paraguay and Brazil legislatures. Once the Protocol of adhesion comes into effect, Venezuela will have about four-year t ime to espouse the full array of Mercosur norms, which includes CET also. Venezuela’s immediate integration into Mercosur is also hindered by the fact that Venezuela, though it has formally withdrawn from the Andean Community as early as 2006, it is still subject to the Andean intra-regional liberalization scheme until the year 2011. (O’Keefe 99). The Southern Common Market (Mercosur) crossed nineteenth year of formation in 2010. In these nineteen years, the region transformed from a major restricted trade phenomenon to a free –trade province practically, with extra efforts in creating a customs union and moving on to a common market.Advertising We will write a custom thesis sample on The Incorporation of Venezuela into Mercosur specifically for you for only $16.05 $11/page Learn More In spite of these developments, the assimilation process sustained impediments due to varied economic happenings such as Brazil’s currency devaluat ion, Asian financial crisis and later, the uncertainty of economy witnessed by Argentina. Thus, delays to the integration phases generate creditability concerns and could endanger the future of the Mercosur. This research paper evaluates the present magnitude of economic assimilation of Mercosur, the tempo of the phases and the outcome of varied levels of economic integration. It also evaluates the entry of Venezuela, the benefits, disadvantages, the roadblocks witnessed by it to become a full member, how Mercosur has benefited due to ingression of Venezuela and what are all the future challenges to be confronted both by Venezuela and Mercosur in detail. Analysis As a new member of Mercosur, Venezuela is in a transition phase from its earlier Andean Community Association. Venezuela’s integration into Mercosur is a phased one. By 2012, its tariff to Argentina and Brazil are to be removed with privileged access for main imports from Uruguay and Paraguay, which is to be offered instantly and free trade by 2013. Venezuela has to espouse the Mercosur common external tariff within four years. Some sectors like livestock, food, electronic equipment, software and automobiles are protected sectors. Venezuela is now required to implement Mercosur trade regulations and rules, which include the adoption of the region’s Common External Tariff and to swap Mercosur’s agreements with third nations into its domestic laws. Definitely, Venezuela’s entry into Mercosur will transform the course of the region’s development. With Venezuela as a member in Mercosur, there is greater political risk is involved. Recently, another six year term of the presidency was won by President Hugo Chavez for a third term in Venezuela. This has raised an alarm among business and industry that nationalization of various main industries in Venezuela is on the card. Out of 175 ranks, Venezuela has been ranked as 164 by World Bank for doing business. (UK House of Co mmons Report 65). Significance of Venezuela’s Entry into Mercosur Entry of Venezuela into the Mercosur free trade province under the Protocol of Adhesion brings more grand factors than included in ALDI ACE NO.59 which is the present free trade agreement which Venezuela is having with each other Mercosur nations.Advertising Looking for thesis on international relations? Let's see if we can help you! Get your first paper with 15% OFF Learn More For instance, under earlier ACE NO.59, many tariff curtailments are not anticipated to be wholly introduced till January 1, 2018 and there are even goods, which are excluded from free trade permanently. On the contrary, both Brazil and Argentina, under the Protocol of Adhesion (POA), as a normal rule, will abolish tariffs on all imports from Venezuela from January 1 2010 whereas Uruguay and Paraguay will eliminate the tariff for all imports from Venezuela from January 1, 2013 and in turn, Venezuela will abolish all tariffs on all imports from Mercosur nations from January 1, 2012. Immediately, after entry into the force of POA, Venezuela has consented to throw open up its market instantly to for a number of Paraguayan and Uruguayan imports. For so –called agricultural products, the protocol contains a provision that permits for a longer phase-out period ending January 1, 2014. The Political Aspect of Venezuela’s Entry into Mercosur The main aim of the Venezuela’ s intention to join Mercosur as a full member is predominantly political. Before joining Mercosur, Venezuela is not a poignant export market for the Mercosur nations. Both Argentina and Brazil, to some smaller magnitude, export some valuable manufactured products to Venezuela, mainly auto parts and also agricultural products and food items in a small quantity. Incidentally, there are few exports to other Mercosur nations from Venezuela. Currently, oil is being imported by Brazil in large quantities from Venezuela and however, these imports by Brazil from Venezuela are of miniscule as compared to global petroleum exports by Venezuela. (O’keefe 100). It serves medium and short-term economic interests to other Mercosur nations by the decision to admit Venezuela as a full member. The Argentines are much fascinated in collaborating with PDVSA, the Venezuelan state owned Petrol Company, which has offered investment capital to develop offshore natural gas and oil fields in Argentina . Brazilian state owned petrol company namely Petrobras which evincing keen interest in joint ventures with its Venezuela’s equivalent to develop and explore oil wells, mainly to explore heavy oil in Venezuela’s Orinoco River Valley, which can be exported to northeastern Brazil. Both Brazilian and Venezuelan oil companies have already invested about US$ 2.5 billion in heavy oil refinery in Pernambuco, which is in the North Eastern side of Brazil. The state petrol company of Uruguay also has a joint venture with PDVSA to establish heavy oil wells in the province of Orinoco and to establish an oil refinery in Uruguay, mainly to refine heavy crude. Further, a natural gas pipeline is being constructed from Bolivia to Paraguay and Uruguay, which is funded by Venezuela. Further, Venezuela is having planned to construct a natural gas pipeline from Venezuela to the Southern Cone of Mercosur. (O’Keefe 100). Mercosur –Venezuela Trade In recent years, there has been a rapid increase of trade flow between Venezuela and Mercosur nations. It reached a record high of US$ 7.2 billion in 2007. This represents an increase of 25% increase of the figures of 2006 and an increase of 34% increase 2003 figures. However, Venezuela’s exports to the Southern Cone bloc nations experienced a moderate increase of 10.8% between 2003 and 2007. It even shrank by 15.3% in 2007 aggregating to US$ 1.1 billion. Due to this, there was growth of US$4.9 billion in 2007 in trade balance in favor of Mercosur. It is significant to note that the trade flows between Venezuela and Mercosur were much more balanced till the start of this decade and in some instances, exhibited a marginal increase in favor of Venezuela, as in 2000, when Venezuelan sales touched the magic figure of US$1.5 billion. (Instituto Para La 56). There has been a substantial increase of exports by the four Mercosur nations to Venezuela, which stood at 60.5% in 2006 and was about 38% during the first six months of 2007. Thus, the four Mercosur nations accounted for 12% of Venezuela’s total imports. The larger drive of sales to this destination as contrasted to shipments the other parts of the world, demonstrates that the Venezuelan market’s capability for the Mercosur products, especially manufactured products like pharmaceutical products, plastics , auto and automobile parts , food , cardboard and paper. It is to be noted that Colombia was the nation which was badly affected due to Venezuela’s entry into Mercosur as it had earlier supplied of above mentioned products under preferential tariff stipulations to other Mercosur nations. Further, Mercosur imports from Venezuela demonstrated strong increase during 2006, which stood at 146.1% but declined towards 9.9% during the first half of 2007. For all Mercosur nations except Uruguay, the significance as a supplier of the bloc is relatively limited. Uruguay is the only country which soaks up almost fifty percen t of the bloc’s imports from Venezuela. Moreover, in terms of energy, Venezuela has become a significant trading partner and its fuel symbolizes almost the whole of imports from the nations in Paraguay, Argentina and Uruguay and over sixty percent in Brazil. Source: http://trade.ec.europa.eu/doclib/docs/2006/september/tradoc_113488.pdf.   http://trade.ec.europa.eu/doclib/docs/2006/september/tradoc_113488.pdf. Source: http://trade.ec.europa.eu/doclib/docs/2006/september/tradoc_113488.pdf. Source: http://trade.ec.europa.eu/doclib/docs/2006/september/tradoc_113488.pdf. Source: http://trade.ec.europa.eu/doclib/docs/2006/september/tradoc_113488.pdf. Source: http://trade.ec.europa.eu/doclib/docs/2006/september/tradoc_113488.pdf.   Source: http://trade.ec.europa.eu/doclib/docs/2006/september/tradoc_113488.pdf. Source: http://trade.ec.europa.eu/doclib/docs/2006/september/tradoc_113488.pdf. wto.org/english/res_e/statis_e/its2010_e/its10_world_trade_dev_e.pdf Venezuelaâ €™s financial and capital account behavior is closely linked to the significant current account balance of 15.1 % of GDP during the year 2003-2006. The flip aspect of this high surplus is a debit balance allocated between financial and capital account and the excess in the international reserves. The current account surplus of Venezuela is mainly attributed to the oil exports by the Venezuela’s government oil company namely PDVSA. Venezuela’s government has the decision authority to decide what quantum of this surplus can be transformed into as official assets or international reserves and what quantum is to be earmarked for financial or real investment overseas. Venezuela witnessed a net outflow of capital since 1999 which in 2006 touched 12.4% of its GDP. This balance symbolises both the surge in Venezuelan assets in foreign countries and the fall in the external liabilities. All Mercosur nations except Argentina witnessed accumulation in their international rese rves during 2006 in line with the aim of minimizing external vulnerability in a context of escalating uncertainty at the international level. Thus , Venezuela has reformed its policy towards the accumulation of reserves, which declined August 2007 to US$ 10b as against the US$37b maximum at the end of 2006 mainly because of its reallocation to the National Development Fund namely FONDEN. (Carciofi et al 3) One another advantage of Venezuela in Mercosur is that it promotes investment by Venezuela in other member nations, and investment is also made by other member nations in Venezuela, Thus , this prolonged business cycle will assist to fortify nations within Mercosur.( Bassi 2006), Venezuela will derive advantages from the introduction of total liberalization for the majority of products of interest to it in trade with other individual members of Mercosur. The greatest benefit will be in trade with the Brazil and Argentina as these nations have undertaken to introduce liberalization forward to 2010 onwards. (Carciofi 111). Major advantages may be obtained from elimination of the exception to complete liberalization and of the price band system presently applied by Venezuela in its trade with Mercosur nations. (Carciofi 112). According to Maduro, Venezuela’s foreign minister, there has been an enhanced commercial relations between Mercosur and Venezuela as trade has grown to $28 billion from the just $2 billion. Mercosur will also strive to achieve a common custom’s code to kindle and minimize the cost of commerce among Mercosur nations. Further, there is an effort by Mercosur to remove double-taxation and associated transport holdups on imports that is being transported through one member nation to arrive at another Mercosur member nation. It is estimated that by 2014, there will be complete elimination of double-taxation of imported merchandises and there will be a single Mercosur customs union, unifying terms so that duties on exports and impor ts can be arrived at and exchanged across Mercosur member nations.(IntelliBriefs 2010). Disadvantages From the above table, it is evident that the entry of Venezuela into Mercosur as a new full member has a moderate brunt on the region’s trade and economic profile. Though Venezuela is having a higher per capital GDP as compared to the Mercosur’s mean, the value of Venezuela’s annual import is not very admirable. The chief part in cost-benefit analyses of Venezuela’s admission into Mercosur is the energy capabilities that the Venezuela adds to the region. (Carciofi 101). There are fewer disadvantages for Venezuela’s accession to Mercosur. Member nations are of the view that many agreements and rules framed by Mercosur are of one sided. One another disadvantage is that Venezuela may face that it may be the victim of intellectual property privileges. With more exports of electronic products from Venezuela into other Mercosur member nations may end in copying of ideas of Venezuela’s products thereby resulting in the emergence of grey markets for Venezuela’s electronic products. (Ledesma 2008). Despite advancing the time frames which will usher advantages to Venezuela, it is significant to note that majority of selected goods already have momentous preference margins. The effect will be relatively modest even by advancing timeframe to enjoy the advantages in market access norms. This symbolizes despite there are chances for trade expansion, membership of Venezuela in Mercosur does not symbolize momentous transformation in market access norms for those associated, given the present preference as the trade liberalization deadlines already discussed in ECA 59. (Carciofi 111). External Agenda of Mercosur will be influenced by Venezuela’s Entry One of the major anxieties ventilated by the business sector over Venezuela’s ingress into Mercosur is that it may wield its influence on the external agenda of the b loc. As per National Confederation of Industry, immediately after inking the Membership Protocol, Venezuela will attain the status of inclusion in the Mercosur delegation for negotiating with other nations and blocs. Thus, without going through the transition period, Venezuela may have its articulation in such discussion as one of the framer of the Mercosur’s negotiating programs with the EU and U.S.A. (Carciofi 117). Democratic Clause in Mercosur Among the founding members of Mercosur, democracy was a common value and was visualized as a precondition for integration. It is to be noted that in the preamble either in the constituent treaty of Mercosur or the Treaty of Asuncion signed in 1991 contained democratic clause. The first ever mention about democratic setup is seen in the â€Å"Declaration of the Second Presidential Meeting of Mercosur† of June 1992. Mercosur member nations in July 1996 reiterated the significance of democratic conditionality by sealing the â₠¬Å"Declaration of the Democratic Agreement.† In July 1998, the Democratic agreement was officially instituted into the â€Å"Treaty of Asuncion â€Å"by means of the Protocol of Ushuaia. This protocol specifically provides after a phase of consultation, the rights of a member state of Mercosur can be suspended where the democratic order is in chaos, mainly to deliberate in the institutions of Mercosur. (Hoffmann Vleuten l 180). It will be interesting to follow the effect of the democratic clause, given the polemic circumstances of the democratic credentials of Chavezs government. It is to be noted that decision to include Paraguay in the Treaty of Asuncion was regarded in 1989 only after the end of the dictatorship. (Vaz 126). It is to be noted that no stringent action was taken during the Venezuela crisis other than support expression for a return to a democratic rule by Mercosur nations. It is pertinent to note that Mercosur does not have an adequate explanation on how to handle corrosions of democratic ruling. (Morton, Halperin Galic 109). Chavez’s autocratic style and Paraguay’s Opposition Though Venezuela’s request to admit as a full member of Mercosur was approved in June 2006 in Caracas by the leaders of Brazil, Argentina, Paraguay and Uruguay, the proposal has to be accepted by the legislatures of the concerned nation also. Both Uruguay and Argentina legislatures were the first to acknowledge the Venezuela’s incorporation as a full member. Brazil’s Senate, after three long years of debate approved the Venezuela’s inclusion in Mercosur in December 2009. Paraguays senate is yet to accord its approval since the Paraguay’s President Fernando Lugo does not enjoy the adequate support and his opponents have raised their voice against inclusion of Venezuela in Mercosur on the ground of â€Å"autocratic practices and style â€Å" of President Chavez, which is in clear opposition to the main slogan of â€Å" Mercosur Democratic Clause.† According to Senator Romero Juca, a senator from Brazilian ruling coalition, Venezuelas role is extremely significant for the economic and social development of South America and hence, Brazil would exert its utmost pressure on Paraguay on the necessity for acknowledgement of Venezuela’s admission as a full member in Mercosur. (Brazil Mag 2010). Paraguayan opposition opposes the political style of the President Hugo Chavez and not the entry of state of Venezuela into Mercosur. They view Chavez as an undemocratic and they are of the opinion that his arrival may harm Mercosur. Some critics are of the view the Mercosur as a mirror of the European Union and lament that their entry of Chavez may injure the trade pact with EU. It is to be observed that Venezuela major imports are foodstuff and Paraguay can benefit from exporting to Venezuela its oil seeds, grains and meats.(UPI.com 2010). Whether Mercosur is a successful and what is its fu ture? Since its start-up, Mercosur has turned to be Latin America’s most elegant integration agreement. However, both Argentina and Brazil were passing through a recession and there was a disagreement on which foreign exchange policy to be perused. This disagreement has become a real threat to the future of Mercosur. (Gillespie, Jeannet and Hennessey 46). The initial success of Mercosur was demonstrated by the truth that international trade among the four nations soared to 200 percent in the 1990s. However, after 1999, trade and commerce were badly impacted due to Brazil’s currency devaluation and its consequent financial crisis and there was default of external debts by Argentina. The economy and trade were affected severely between 2000 and 2002 and especially in 2004. In particular, Argentina flouted the Mercosur access conditions by introducing several protective measures and barriers to free trade. Due to non-coordination between members, the future of Mercosur is now uncertain. (John, Craig Lynk 308). Recent happenings do not seem good for the future of Mercosur. In the year 2006, a dispute between Uruguay and Argentina over whether to permit European companies to establish two paper mills along the river that separates their border was not resolved through Mercosur’s internal dispute resolution mechanism. Further, Uruguay expanded its trade with the U.S.A and even cautioned that it may withdraw from Mercosur commenting that Mercosur is to serve the interest of Brazil and Argentina. Moreover, Mercosur has not resolved trade asymmetries that have arisen within its members, yet to resolve the concern of double tariff on certain imports from outside the bloc, yet to codify a custom code that is common and this has led some analyst to view that Mercosur has turned to be a forum of foreign policy modeling. These beliefs have only been corroborated by recent discussions between the European Union and Brazil regarding the possibility of a bilateral trade negotiation. (Seelke 8). Why Paraguay Has Not Allowed Venezuelas Entry To The Bloc? What Are/Would Be The Consequences It The Country Decides To Finally Admit Venezuela? For Paraguay, in spite of economic advantages derived by Paraguay due to Venezuela’s entry into Mercosur as its full member, the aristocrat style of Hugo Chavez, the Venezuelan president elevates the cause of worry for Paraguay. The political style and personality of Chavez is just conflicting to Mendez, the present president of Paraguay who emphasizes moderation. Paraguay is of the opinion that Mr. Chavez’s extreme patriotism will fetch more chaos to Mercosur. Paraguay is of the opinion that Venezuela’s confronts with Colombia will need of redrafting of its stance for Mercosur since Paraguay is of the view that Venezuela’s entry may bring a blockade in the negotiation for creating a trade relations between European Union and Mercosur nations. The adversaries of Chavezâ₠¬â„¢s program for a substitute style of integrating South American economies, which insists issues of social justices which are not restricted to his domestic foes. Both the big businesses from Venezuela and member nations of Mercosur especially Paraguay have a common grumble against Chavez may destabilize the Chavez’s effort of amalgamating the South American nations against Washington. Already, Paraguay is entangled with the heightening brawls with Argentina and Brazil, as the national leaders of Paraguay are questioning the real advantage of awarding full membership to Venezuela. Further, Paraguay is having a legitimate concern over equity treatment that travel back to very first day of formation of Mercosur. For instance, Brazil and Paraguay, which enjoy the gargantuan dam namely â€Å" Itaipu Dam† which is being one of the globe’s biggest hydroelectric energy projects an d Paraguay has raised dispute over dominance of Brazil in the Itaipu project. This has made the Paraguay politicians to allege that Paraguay’s association with the Mercosur is a disgrace since the Mercosur membership does not offer any meaningful advantages to Paraguay. Paraguay is actively engaged in establishing a bilateral trade agreement with the U.S.A which has compelled Chavez to give up his nation’s economic tie-up with the other nations of South American trade group that have followed Paraguay’s FTA with U.S.A and could end in Mercosur fugitives to renounce full membership in the Mercosur. Paraguay is of the view that Chavez main aim to join Mercosur is to shape his counterweight to U-S supported freed trade agreements thereby uttering that admission of Venezuela as indicator for integration of South American economies and a sign of triumph against U.S.A’s colonialist economic strategies for the region. Thus, there is a need on the part of Chavez to stop this encouraging the exit of Paraguay which means fracturing of Mercosur intern al unity which would symbolize a devastating philosophy rout in Chavez’s struggle to keep U.S.A’s authority isolated in the region. If at all Venezuela wants to isolate U.S.A, it should come forward to offer lower tariffs for Paraguayan merchandises well before free-trade regions are concluded for the balance of Venezuela’s inter-Mercosur commerce for the period between 2012 and 2013. This approach will help Venezuela to get the support of Paraguay by helping it to tackle Paraguay’s negative economic scenarios and it will also heighten small economies like Paraguay attitude towards Venezuela as Paraguay may have to weigh the real benefits from Venezuela’s participation in Mercosur. According to erstwhile Paraguayan President Duarte Frutos that if real aim of the Mercosur is to criticize the protectionism of EU and U.S.A, they should practice the same protectionism among the small member nations of Mercosur and if this continue, then these small mem ber nations like Paraguay may decide their concern would be served outside Mercosur. Further, Chavez call to build a common army for Mercosur may kindle Chavez’s economic and political adversaries to join under one roof to retort his action for integration or may spoil hesitant allies to get back their support to Mercosur. (Coha 2010). Paraguay is having strong political disparity but at the same time it is also of the view that Venezuela’s entry into Mercosur is more interesting to it economically. Paraguay opposition is vehemently against Chavez and not against Venezuela as his attitudes are not only undemocratic towards the press and opposition but also Chavez’s meddling in other nation’s domestic business for ever. However, adequate pressure is exerted by Argentina and Brazil on Paraguay to shift its stance against Venezuela which can have considerable impact on landlocked Paraguay given its trade discrepancies and geographic location. One another stu mbling block is that approval of both houses of Paraguay’s congress is to be obtained before the bill for accrediting full membership for Venezuela which is to be inked by Paraguay’s president Lugo. However, since Lugo is lacking majority in any of the houses of congress and hence Logo is compelled to negotiate with the ruling coalition which itself is splintered. (MercoPress 2010). Conclusion It is obvious that membership of Mercosur has not paved the way for change in the replica of economic development. Nor have the assurances of enhanced trade opportunities, larger international profile and access to new markets. Rather than an increase in exports, Mercosur has witnessed a concentration of exports. Economic growth has been disappointing and flow of FDI is rather stagnated. No doubt, Venezuela’s entry into Mercosur will definitely make aligning the bloc’s trade agendas more of a challenge. Venezuela’s foreign trade and productive structure are p oignantly differing to the present member nations of Mercosur, and this will definitely have a say on its trade policy preferences. There are two chief challenges to the future of Mercosur.The first one is the political and economic crisis. The chances of survival are not encouraging without a speedy recovery from the present global economic turmoil. There are three structural deficiencies of the present concept of Mercosur, and they are the lack of macroeconomic coordination, the institutional weakness and the intra-industry trade strategy. (Weintraub, Rugman Boyd 148). The above mentioned deficiencies can be corrected. By fine tuning the relatively demanding theory of a â€Å" Common Market† to the political realities by acknowledging the fact the readiness to share sovereignty and by substituting the greatly personal –decision making measures through a more rule oriented system and By keeping away from macroeconomic doctrines at the national level which intimidate s to generate deformed real exchange rates within the region? To rejuvenate and revitalize Mercosur, it is the need of the hour to reform its productive capabilities following comparative benefits. Mercosur’s structural weakness still remains to be resolved. If this disadvantage is considered seriously, it is obvious that the future of Mercosur must remain in doubt, even if the current economic turbulence can be conquered. (Weintraub, Rugman Boyd 148). Bassi, Raul. 12 September 2006. Venezuela in MERCOSUR. A New Mercosur. 19 October 2010 www.spectrezine.org/LatinAmerica/bassi.htm. Brazil Mag. (April 2010). Brazil to Pressure Paraguay into Accepting Venezuela into Mercosur. 19 October 2010 brazzilmag.com/component/content/article/84-april-2010/12157-brazil-to-pressure-paraguay-into-accepting-venezuela-in-mercosur.html Carciofi, et al. Mercosur. Report Number 12:2006 [Second Semester]. New York: BIDINTAL. Coha , K B. 20 July 2010. Venezuela’s First Meeting as Mercosu r Member Begins Today.5 November 5, 2010 http://venezuelanalysis.com/analysis/1847 Dominguez Francisco Oliveira Marco Aurelio Guedes de. Mercosur: Between Integration and Democracy.Brasilia: Peter Lang, 2006. Gillespie, Jearnet Hennessey. Global Marketing. London: Dreamtech Press, 2009. Great Britain, Parliament: House of Commons. Trade with Brazil and Mercosur. London: TSO, 2007. Hoffimann Andrea Ribeiro, Vleuten Johanna Maria Van Der. Closing or Widening the Gap? Legitimacy and Democracy in Regional. London: Ashgate Publications, 2007. Instituto Para La Integracion de America Latina Y el Caribe, INTAL. Mercosur Report Number 13:2007, Second Semester -2008. New York: BIDINTAL, 2008. John D, Craig R Lynk Michael. Globalization and the Future of Labour Law. Cambridge: Cambridge University Press, 2006. May. (6 August 2008).An Investment Under the Mercosur Trade Centre. 19 October 2010 www.associatedcontentment.com/article/919219/an_investment_under_the_mercosur_trade_pg2_pg2.html? Massabie German. Venezuela: A Petro-State Using Renewable Energies. New York: VS Verlag, 2008. MercoPress. 11 June 2010.Paraguay Admits Pressure from Brazil to Vote for Venezuela’s Mercosur’s Incorporation. 5 November 2010 http://en.mercopress.com/2010/06/11/paraguay-admits-pressure-from-brazil-to-vote-for-venezuela-s-mercosur-incorporation Morton H, Halperin and Galic Mima. Protecting Democracy: International Response. London: Lexington Books, 2005. Motley, La’Sarah-evette Patrice. 6 January 2006. Mercosur –The Southern Common Market. 19 October 2010 associatedcontent.com/article/16507/mercosur_the_southern_commom_market_pg2_pg2.html?cat=3. O’Keefe, Thomas Andrew. Latin America and Caribbean Trade Agreements: Keys to a Prosperous. New York: Brill,2009. Seelke, Clare Ribando. BRAZIL –U.S.A Relations. London: Diane Publishing Company, 2009. Tondl, Gabriele. Trade Integration and Economic Development: the EU and Latin. New York: Springer, 200 8. Vaz, Alcides Costa. Cooperacao, integracao e processo necociador. Brazil: Instituto Brazileiro de Relacoes, 2002. Weintraub Sidney, Rugman Alan M Boyd Gavin. Free Trade in Americas: Political and Economical Issues for Governance. London: Edward Elgar Publishing, 2004. www.associatedcontent.com.(23 March 2010). Advantages and Disadvantages of Mercosur Membership. 19 October 2010 associatedcontent.com/article/2808740/advantages_and_disadvantages_of_mersocur.html www.intelliBriefs.com. (6 August 2010). Mercosur Summit Discusses Venezuela-Columbia Situation. 19 October 2010 http://intellibriefs.blogspot.com/2010/08/mercosur-summit-discusses-venezuela.html. www.upi.com.(6 August 2010). Venezuela Again Stopped at Mercosur’s door. 19 October 2010 upi.com/Top_News/Special/2010/08/06/Venezuela-again-stopped-at-Mercosurs-door/UPI-60711281118533/

Discussion question Essay Example | Topics and Well Written Essays - 500 words - 7

Discussion question - Essay Example While this is true however, education does not necessarily translate into economic growth of a country, it is only a single factor to the various reasons for economic growth. Education has faced a significant expansion in the last decades across the world, with countries registering double-digit growth patterns. In the 1990s, the world, according to Easterly (73), had 99 percent enrollment for primary education. Education investment has brought little or no impact in the world economy and especially for the countries themselves. Growth of human capital in a country does not necessarily mean that their contribution to the growth of a country. If the argument that education brings growth to a country, fresh graduates should be entitled to higher salaries than experienced workers should. However, salary increment is based on the years of experience, making this belief to be untrue. In fact, Easterner (77) is of the opinion that, the contribution of education growth and growth of a worker’s output is negligible, stating that in some African countries, this growth is actually negative. The Gross Domestic Product per worker in is just a small percentage in most Eastern Europe and the Soviet Union countries. With time, the median growth rate of poor countries in the world has kept a declining trend overtime, indicating a poor education contribution to growth, yet education received a massive growth. Due to in direct effects of human capital, countries with higher initial human capital are likely to have a faster growth than those with low initial human capital.in case the level of human capital and physical capital are both high, there will be high returns on physical capital investment until there is a balance between the two(76-77). In all nations worldwide, variations in the country’s growth have little contributions from variations in growth of the human capital, rising more serious concerns regarding initial schooling and