Elasticity Of Demand In A Air Travel Context Tourism Essay

Elasticity Of Demand In A Air Travel Context Tourism Essay Price elasticity of demand and income elasticity of demand. (Ryan air British Airways Data) How are low-cost carriers such as Ryan air able to achieve cost savings? Fixed costs and variable costs. Critical analysis of the issues involved in the following article: BAA Airports: Notice of release of interim undertaking Conclusion Bibliography Introduction Ryanair isà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦. British Airways isà ¢Ã¢â€š ¬Ã‚ ¦.. This document reports the findings of a review of the economics and business literature on empirically-estimated own-price elasticity of demand for air travel for Ryan air and British Airways. It refers to the data on page two of the assignment handout to both above airlines to illustrate and explain the concepts of price elasticity of demand and income elasticity of demand. The purpose of this study is to report on all or most of the economics and business literature dealing with empirically approximate demand functions for air travel and to collect a range of fare elasticity measures for air travel provide in the data on the second page of the assignment topic and provide some judgment as to which elasticity values would be more representative of the true values to be found in different airline such as Ryan air and British airways, furthermore will evaluate the accomplishment of cost savings of Ryan air through fixed costs and variable costs as well as writing a critical analysis the article on BAA Airports: Notice of release of interim undertaking'(mmc.gov.uk, 2010). Price Elasticity of Demand and Income elasticity of demand in the context of air travel demand: (Ryan air British Airways) We identified two distinct prices for air travel which are price elasticity of demand and income elasticity of demand from the case study for air travel demand which should distinguish among prices for: Low cost carrier (LCC) example of Ryanair and Full Service Carrier (FSCs) example of British Airways; business and leisure travel. Accordingly, to examine the sensitivity of the demand for air travel to its price, separate analysing of the price elasticity of demand is gathered for each of these two distinct markets. Price Elasticity of Demand Dunnett, A. (1988: 260) define Price Elasticity of Demand as a numerical value which describes the degree of responsiveness of demand to changes in prices. In addition Sloman (2005) believed that the demand for a particular good or service depends on a variety of factors. Key influences include, the levels of consumer income, the price and quality of the services in question and especially services that are close substitutes. As a general rule, once other influences on demand stay unchanged, a higher price for a product leads in a lower quantity demanded. However, the price responsiveness of demand varies from one good to another and from one market to another (FitzRoy et al, 1998). Since the availability of alternative modes of transportation that are reasonably close substitutes for air transport such as low cost airlines like Ryanair diminishes with distance travelled, it is expected that the demand for air transport will be less elastic for longer flights typical example of British airways with is a FSCs than for shorter flights typical example of Ryan air. Just considering an example where Ryanair (a low cost airline) flights to Milan from  £49.99 return and British Airways from  £628 return. The problem though with Ryanair is that you can find this cheap ticket if you book it about it well in advance. But if we try to book it on the same day before your journey the price has gone up at  £179.99 return when British Airways price will be still remaining the same until a week before your journey. Further, international travel tends to be widening over more time than domestic travel, so that the airfare is a smaller proportion of overall trip costs, which makes international travel less sensitive to changes in ticket prices. In addition, leisure travellers are more likely to postpone trips to specific locations in response to higher fares, or to shop around for those locations offering more affordable fares. Consequently, it is expected that the demand for air transport for leisure reasons will be more elastic than business travel who usually travel with FSCs. According to Anthony et al (2000) Ryan air prices management is systematically offering different prices to different customer segments in response to demand whereas (Kimes, 1989) suggests that the team in charge of yield management need to identify how changes in pr ice will affect their customers. Within the airline industries customer demand may be higher on week ends, during summer months, or at particular times of a day, (Belobaba, 1987). Managers must be able to forecast time-related demand so that they can make effective pricing and allocation decision to manage the shoulder periods around high demand period. However the corporate business traveller during the week becomes a leisure traveller when on holiday or at week-ends. Different occasion find the same consumer having different expectation and needs, (Buttle, 1986). Such a concept is termed elasticity of demand. According to the Data from the case study downloaded from Ryan air website, the price of the flight is far more higher than the price of the flight on other following days of the week day. However, when approaching the end of the week-end or school holiday, there is a huge demand and the increased demand drives the price up again as customer are returning from their vacation or family are going on holiday. Closer to the date and time of the scheduled service, the price rises, on the simple justification that consumers demand for a flight becomes more inelastic the nearer to the time of the service. The low cost airlines such as Ryan air follow the pricing strategy outlined above. Customers booking early with carriers such as Ryan air will normally come across lower prices if they are ready to commit themselves to a flight by booking early. This gives the airline the plus of important how full their flights are likely to be and a source of cash-flow in the weeks and months prior to th e service being provided. People who book late often regard travel to their planned destination as a need and they are therefore likely to be prepared and able to pay a much higher price very close to departure. Airlines call this price discrimination yield management but despite the consider name, at the heart of this pricing strategy is the straightforward but important concept price elasticity of demand. Ryanair has a seat pricing policy that causes fares to rise as a flight fills up (Ryanair.com, 2010). Following theory of supply and demand, if customer wants a seat so badly, they will pay more for it than otherwise. Income Elasticity of Demand It is defined as numerical values which describe the responsiveness of demand to a change in consumer incomes. (Sloman, 2005) Because of the recession, demand for low cost flights grew rapidly as family with higher income who were travelling with FSCs before would prefer low cost than traditional airlines and some current low cost customer with low income may prefer domestic flight or would just prefer not to travel by air. In air travel, FSCs are essentially joint products consisting of differentiated service bundles that are identified by fare classes. However the yield management systems employed by FSCs also create a multifaceted form of inter-temporal price discrimination, in which some fares (typically economy class) decline and some increase (typically full-fare business class) as the departure date draws closer. This implies that ideally, empirical studies of air travel demand should separate business and leisure travellers or at least be able to include some information on booking times in order to account for this price discrimination, and that price data should be calibrated for inter-temporal price discrimination: for example, the use of full-fare economy class ticket prices as data will overestimate the absolute value of the price elasticity coefficient. Within the set of differentiated service bundles that comprise each (joint product) flight, the relative prices are important in explainin g the relative ease of substitution between service classes. Given the nature of inter-temporal price discrimination for flights, the relative price could also change significantly in the time period prior to a departure time. In particular changes in real income and the prices of substitutes or complements will affect demand. Alternative transportation modes (road and rail) are important variables for short-haul flights, while income effects should be measured for both short and long-haul. Oum et al. (1992) provide valuable tools that occur when evaluating the demand models. Air travel demand can be affected by changes in the prices and service quality of other modes. For short-haul routes (markets) the relative price and service attributes of auto and train would need to be included in any model; particularly for short-haul markets such as low cost airline. Failure to include the price and service attributes of substitutes will bias the elasticity. For example, if airfares increase and auto costs are also increasing, the airfare elasticity would be overestimated if auto costs were excluded. The entry of low cost carriers leads to lower fares for a subset of traffic and competitors will offer a supply of seats to match these fares. Lower average fares should lead to lower demand elasticity estimates, while increases in the number of competitors in the market will lead to higher demand elasticity estimates. How low cost carriers such as Ryan air able to achieve cost savings? Fixed Costs and Variable Costs. Ryan airs business model is focus around its general low cost philosophy. That is Ryan air attempts to cut all non value adding activities as it strives to drive costs down to the total minimum. Below are typical examples how it drives its downwards which include selling directly to its customer over the internet or over the phone rather than via agents and middlemen, thus saving commission cost and administrative cost. Ryan air is a ticketless as most of it customer buy over the internet, in return for a booking reference that is exchanged at the checking counter at the airport for a boarding pass. The airline has no in flight meals which is a cost saving measure that cannot be much inconvenience to its customer since all Ryan air flights are short haul. Nevertheless has subcontracted catering services on its flights where customer can buy an in flight meal and drink should they wish which is another way of driving price. Cabin crew double up as cleaner and this helps Ryan air to promise a turnaround time at any airport of 30 min rather than 45-60 min that has FSCs been the norm. Another cost cutting device, is the typical example of the UK smaller airports such as London Luton, cheaper to fly to from than bigger airports such as Heathrow which it is use at least as its base as they are less congestion and facilitate turnaround times for aircraft to be a lot shorter. Fixed Costs Fixed Costs are defined as the Total costs that do not vary with the amount of output produced (John, S. 2005:82) Ryan air as a LCC operate in the environment of high fixed cost, fixed capacity in the short term, a perishable product and seasonal demand. Virtually all of airlines costs can be considered fixed. The cost of the capital tied up in the plane, the fuel it take to fly the route, the crew it will take to staff the ground and flight operations insurance, rent, etcà ¢Ã¢â€š ¬Ã‚ ¦ All these cost are fixed once the company decides to fly a particular route and the variable costs associated with serving another passenger on the flight are figure lively peanuts. Ryan air generates sufficient revenue through ancillary services such as car rentals, accommodation, currency, travel insurance, transactions, refreshments, to cover variable costs and offset at least some fixed cost. Management believes that providing these services through the internet allows Ryan air to increase sales, while at the same time reducing costs on a per unit basis. Variable Costs Variable Costs are defined as the total costs that do vary with the amount of output produced (Sloman, 2005: 82) The relatively low variable costs associated with many capacity- constrained Ryan air allow for some pricing flexibility and give operators the options of reducing pricing during low demand times. Ryan air always seeks for low variable costs. Below are factors that help Ryanair to maintain a low variable cost: One type of aircraft, management believes that its strategy of limiting its fleet primarily to three variants of a single type of aircraft from a single manufacturer enables it to limit the costs associated with personnel training, maintenance and the purchase and storage of spare parts, as well as affording greater flexibility in the scheduling of crews and equipment. Pricing is based strictly upon revenue maximization process that matches the aims and objectives of prices elasticity of demand Internet booking which cut paper and administrative costs No airport sales offices/ no cancellations Charging a surplus for excessive baggage Maximization of seat capacity per plane Use of less expensive airport as Ryan air been offered incentives is a controversial one Ryan air director of communications. Ryan air further endeavours to reduce its airport charges by opting, when practicable, for less expensive gate locations as well as outdoor boarding stairs rather than more expensive jet ways. Ryan air has entered into in agreements on competitive terms with third party contractors at certain airports for traveller and aircraft handling, ticketing and other services that management believes can be more cost resourcefully provided by third parties. Management attempts to obtain competitive rates for such services by negotiating multi-year contracts at prices that are fixed or subject only to periodic increases related to inflation. One of the typical example is the price of aviation fuel which is directly related to the cost of oil but Ryan air control this through hedging. All these factors listed above contributed to a low variable cost of Ryan air, a key component in any successful yield management system and provide an opportunity for leverage against its major competitors. Critical analysis of the issues involved in the following article: BAA Airports: Notice of release of interim undertaking

Development of English Lit During Any One Period Essay

Trace the development of English lit during any one period†¦As part of your discussion highlight how significant events in the influence the writing†¦Additionally show how characteristics of the genre the writer uses reflects the period in which it was written. James Arthur Baldwin once stated that: â€Å"know from whence you came. If you know whence you came, there are absolutely no limitations to where you can go.† This quotation may apply to the span of the Anglo-Saxon period because of the coherent linkage to the origination of the English dialect and the modernization of English Literature. Over the years English literature has evolved greatly. There have been diverse changes to the structure and development of English language since the advent of Old English dialect during the Anglo-Saxon period to what we now speak and consider to be English language. â€Å"Old English is not uniform. It consists of various dialects, but literature needs to treat it as a lang uage† (Michael Delahoyde.) Research has proven that around the world there are over one hundred (100) variants of English, from different American-English dialects, to those of Asia, Africa and Oceana. It is important for one to know both the origin of this powerful masterpiece known as the English Language and the importance of this literary period to the development of English literature. In attempting to do the aforementioned, the focus will be on the Anglo-Saxon people, their society, culture, and literary work with a view towards highlighting the impact on the development of the English language and English literature. The Anglo-Saxon or Old English period goes from the invasion of Celtic England in the first half of the fifth century (AD 700) up till the conquest in 1066 by William of Normandy. The Anglo-Saxons consisted of diverse ethnicity that forms one nation. There were three main ethnic groups that formed the Anglo-Saxon. These are: Angles from Angel in South-West Denmark, Saxon from North-West Ger many, and Jute from Jutland in Central Denmark. These three main ethnic groups have made up most of the Anglo-Saxon society. However; smaller group of people from Germanic ethnic group were also associated with the Anglo-Saxons. These people shared the same language but were each ruled by different strong warriors who invaded and conquered Britain while the Romans were still in control. The Angles and the Saxon tribe being the largest of the groups when attacking other ethnic groups were often called the Anglo-Saxons. England which means the Land of the Angles was a name given after the Anglo-Saxon. A writer describes them as: â€Å"A warrior society that put swords and shields before fancy artifacts. Helmets were placed before gold and death before dishonour.† The Anglo-Saxon was a pagan society and the people were initially free; however, life for even the richest of the social groups was very hard. The Anglo-Saxon society had three social classes. There was an upper-class, middle class and a lower class. The Anglo-Saxon upper class was the Thanes. They would give gifts like weapons to their followers and they enjoyed hunting and feasting. The churls were the middle class in the Anglo-Saxon Society. Some churls were wealthy people while some were very poor. The lower class was slaves called Thralls. The churls and the Thanes were owners of Land. However, some churls had to rent land from a Thane. They would then work the Thane land for part of the week and give him part of their crops in exchange for rent. â€Å"The basis of society was the free peasant. However in time Anglo-Saxon churls began to lose their freedom. They became increasingly dependent on their Lords and under their control† (Tim Lambert.) Researches have indicated that most Anglo-Saxons were primitive subsistence farmers. It has also being proven that some of the men were craftsmen. The farmers grew wheat, barley, peas, cabbage, carrots, rye and parsnip. They reared animals such as pigs, cattle and flocks of sheep. The craftsmen were blacksmith, bronze smith, jewelers and potters. Their homes were made with wood and have thatched roofs. Anglo-Saxon society was decidedly patriarchal, but women were in some ways better off than they would be in later times. â€Å"A woman could own property in her own right. She could and did rule a kingdom if her husband died. She could not be married without her consent and any personal goods, including lands that she brought into a marriage remained her own property. If she were injured or abused in her marriage her relatives were expected to look after her interests† (David Ross.) The women were responsible for grounding of grains, baking of bread, brewing of beer, making of butter and cheese. During this era it was dangerous to travel; thus, most people would travel only if it was unavoidable. If possible they would travel by water along the coast or along the river. During the early Anglo-Saxon period England was a very different place from what it is today. The human population was very small. They grew their own food and made their own clothes†¦ The lord and kin had the strongest ties in the Anglo-Saxon society. The ties of loyalty were to the person of a lord. There was no real concept of patriotism or loyalty to a cause. â€Å"Kings could not, except in exceptional circumstances, make new laws. Their role instead was to uphold and clarify previous custom. The first act of a conquering king was often to assure his subjects that he would uphold their ancient privileges, laws, and customs† (David Ross.) One of the most famous kings during the Anglo-Saxon period was Ethelberht, king of Kent (reigned c.560-616). He married Bertha, the Christian daughter of the king of Paris, and who became the first English king to be converted to Christianity. â€Å"Ethelberht’s law code was the first to be written in any Germanic language and included 90 laws. His influence extended both north and south of the river Humber: his nephew became king of the East Saxons.â₠¬  (The Royal Household) Kinship was very important in the Anglo-Saxon society. If you were killed your relatives would avenge you. If one of your relatives were killed you were expected to avenge them. However the law did offer an alternative. If you killed or injured somebody you could pay them or their family compensation. This led to bloody and extensive feuds. The money paid was called wergild and it set a monetary value on each person’s life according to their wealth and social status. The wergild for killing a thane was much more than that for killing a churl. Thralls or slaves had no wergild. If the wergild was not paid the relatives were entitled to seek revenge. The wergild value could also be used to set the fine payable if a person was injured or offended against. Robbing a thane called for a higher penalty than robbing a churl. On the other hand, a thane who thieves could pay a higher fine than a churl who did likewise. The Anglo-Saxons enjoyed storytelling, riddles and games. Most Anglo-Saxon poetry emerges from an oral tradition and was meant for entertainment. These works include genres such as epic poetry, hagiography, sermons, Bible translations, legal works , chronicles, riddles, and others. Poets were known as Scops and harpists Gleemen. They would sing or recite and were the only historians of the time. The poetic structure was based on accent and alliteration (not rhyme and meter). The minstrels and gleemen would entertain the lord and his men by singing and playing the harp. Michael Delahoyde from Washington State University stated in an argument that â€Å"We get our syntax from the Anglo-Saxons, our preference for and greater ease with nouns, the tendencies to simplify grammar and shorten words, and the â€Å"law of recessive accent† — the tendency to place the accent on the first syllable and to slur over subsequent syllables. The poem Beowulf, which has achieved national epic status in England and Judith, are among the most important works of this period. Other writings such as the Anglo-Saxon Chronicle are significant to the study of the era, as it provides preserving chronology of early English history, while the poem Cà ¦dmon’s Hymn to d ate survives as the oldest extant work of literature in English. Researchers have suggested that there are twelve known medieval poets as most Old English poets are anonymous. Only four of those are known by their vernacular works to us today with any certainty: Caedmon, Bede, Alfred the Great, and Cynewulf. Of these, only Caedmon, Bede, and Alfred the Great have known biographies. The epic Beowulf reflects the era that it was written in greatly as it speaks immensely about pagan deities, a Christian tradition and about a warrior society. A writer describes it as â€Å"the symbol of the antiquity and continuity of English poetry.† â€Å"Several features of Beowulf folktale and the sense of sorrow for the passing of worldly things mark it as elegiac†¦The Germanic tribal society is indeed central to Beowulf. The tribal lord was to ideals of extraordinary martial valor†¦Ã¢â‚¬  (David Damrosch, pg 27). The poet careful use of varied themes and techniques such as alliterations â€Å"as a structural principle† (pg27), litotes, compound words, repetitions, nobility, heroic glory and distribution of gifts highlighted the way and life of t he people of that era. Beowulf highlighted the Christian traditional beliefs of the Anglo-Saxons people by pin pointing the beliefs that God is the creator of all things and the ruler of the heavens. Throughout Beowulf, whenever any great men manage to achieve heroic feats, the narrator will be careful to attribute their prowess to God’s favor and divine plan. â€Å"He knew what they had toiled, the long times and troubles they’d come through without a leader; so the Lord of Life, the glorious Almighty, made this man renowned.† (Beowulf 12-17) Beowulf complex religious background reflected the era of the Anglo-Saxon people. The description of the creation shows an unusual mishmash with the pagan imagery of the demonic beast â€Å"Grendel† and the Christian imagery of a caring God that creates all things. â€Å"Then a powerful demon, a prowler through the dark, nursed a hard grievance. It harrowed him to hear the din of the loud banquet every day in the hall, the harp being struck and the clear song of a skilled poet telling with mastery of man’s beginnings, how the Almighty had made the earth a gleaming plain girdled with waters; in His splendo ur He set the sun and the moon to be earth’s lamplight, lanterns for men, and filled the broad lap of the world with branches and leaves; and quickened life in every other thing that moved.† (86-98). Beowulf invokes the values of the warrior society of the Anglo- Saxon period in several ways. During the Anglo-Saxon period the relationship between the warrior and his lord consisted of mutual trust; loyalty, and respect. There was a symbolic importance of spiritual materials which entails giving of honour/worth, and the value of ultimate achievements which was a visible proof that all parties are realizing themselves to the fullest in a spiritual sense. These values are all highlighted in the epic Beowulf. Beowulf also reflected the value of kinsmen to exact wergild (man-price) or to take vengeance for their kinsmen’s death. The need to take vengeance created never-ending feuds, bloodshed, a vast web of reprisals and counter-reprisals (a strong sense of doom). These aspects of the Anglo-Saxon warrior society was highlighted in a fatal evil aspect one of such was Grendel and the dragon in undertaking to slay Grendel, and later Grendel’s mother, Beowulf is testing his relationship with unknowable destiny. Whether he lives or dies, he will have done all that any warrior would do during that period. The oldest surviving vernacular text in English is called Hymn and was written by Caedmon who is best-known and considered the father of Old English poetry. This poem is an example of pagan and Christian fusion in order to promote Christian themes in a pagan society. Caedmon’s hymn is recorded in Bede’s Historia Ecclesiastica, and marks the beginning of tremendous developments within textual transmission and the heroic genre itself. â€Å"Caedmon’s Hymn may be regarded as an early forerunner of the dream vision narrative. This style of poetry is formulated by an individual who has experienced a dreamlike revelation within which they are guided by an authoritative figure; in Caedmon’s case this figure being God. The â€Å"hero† discussed within the poem is perhaps unconventional in modern terms, but just as the Gods of classical literature were seen as heroes within their cultural context, so too does the Christian God in Caedmon’s Hymn represent a hero to the people of Caedmon’s culture. The poem features heavy use of stylistic features archetypal of Anglo-Saxon poetry.† (Tiarnan O Sullivan.) Caedmon had lived at the abbey of Whitby in Northumbria in the 7th century. Only a single nine-line poem remains. â€Å"Now let us praise the Guardian of the Kingdom of Heaven Works Cited The Anglo-Saxon Kings. N.p., n.d. Web. 29 Nov. 2012. . â€Å"Anglo-Saxon Poetry.† – New World Encyclopedia. N.p., 11 Oct. 2012. Web. 15 Nov. 2012. . Baldwin, James A. â€Å"à ¢Ã‚€Å“Know from Whence You Came. If You Know Whence You Came, There Are Absolutely No Limitations to Where You Can Go.à ¢Ã‚€Â .† Goodreads. N.p., n.d. Web. 12 Nov. 2012. . â€Å"Beowulf.† Beowulf. Georgetown University, n.d. Web. 29 Nov. 2012. . Damrosch, David. â€Å"Beowulf.† The Longman Anthology of British Literature.

Globalization, Australia and the Asia-Pacific Essay

In terms of international relationships, â€Å"the end of the second millennium and the start of the third are characterized by two developments of major importance†¦ the successful conclusion of the most ambitious round of multilateral trade negotiations in the history of humankind [and the] proliferation of regional trading arrangements unprecedented at any period in history. † Through it all, Australia has been a major participant in these agreements. Owing to the steady progress of Australia’s economy and politics, it has been involved in all of the international policy-making in that span in history. However, due to these numerous activities, there are different circumstances that require variations of these treaties. Multilateral trade treaties are trade agreements made between multiple nations, over multiple regions, at one time. Although multilateral treaties are generally complex and difficult to negotiate and implement, these treaties are very powerful when all interested parties agree on it. The primary advantage of multilateral treaties is the equal treatment, at least relatively, of all parties, regardless of size or power. Examples of these are Australia’s â€Å"Protocol of 1988 relating to the International Convention for the Safety of Life at Sea†, â€Å"United Nations Convention on Conditions for Registration of Ships† and â€Å"Convention for the Suppression of Unlawful Acts against the Safety of Maritime Navigation†. Regional trade treaties are parallel to multilateral trade treaties. Both are generally complex and involve multiple countries. However, they do institute a condition that has both advantages and disadvantages. Regional trade treaties are confined to countries within a certain geographic area, such as the Americas, the Atlantic or, in Australia’s case, the Asia-Pacific region. This comes from the perspective of â€Å"conceiving of the world in terms of structures is what some analytical perspectives in international relations and the social sciences more generally suggest. † according to Breslin. The obvious disadvantage of regional trade treaties is that it would exclude other countries from the agreement. There are, however, advantages that outweigh this negative aspect. Regional agreements would be easier to negotiate since countries within a certain geographic area generally have similar or related economic products, conditions and concerns. Such agreements would also mean that the general concerns of that certain area are given due consideration when viewed by the rest of the international community. Examples are the â€Å"Free Trade Area of the Asia-Pacific Region† and â€Å"South Pacific Regional Trade and Economic Cooperation Agreement†. Bilateral trade treaties are the simplest and most basic agreements. These are the agreements negotiated exclusively between to countries. Simple they may be, however, â€Å"the pursuit of discriminatory trading agreements is arguably the most dramatic development in intergovernmental relations in the western Pacific since the financial crises of 1997-98†, in Jayasuriya’s view. An example of this is Australia’s â€Å"Treaty between Australia and the Republic of Austria concerning Extradition† Australia resides in the South Pacific area but has a mixed economy in the pattern of many Western countries. Its main exports are coal, gold, coal, gold, meat, wool, alumina, iron ore and wheat. It has strong relations with countries in Asian, notably Japan and Korea, and Western countries such as Germany and the United States. Bilateral agreements would ensure mutually advantageous situations for Australia and its partner countries. This would go a long way in cementing international political relations as well as economic strength. However, bilateral agreements are limited in their potential to affect great international change. Regional trade agreements would prove to be more advantageous to Australia and the Asia-Pacific region. Their interests would be represented and protected in the international arena. However, the full potential to affect significant change is not realized when only a few countries are involved. Ideally, Australia should prioritize multilateral trade agreements because these are the ones that have to greatest potential to affect positive change in the international community. These are also the agreements the ones that require the most planning and negotiation and should be kept at the forefront for the process to be as quick as possible. BIBLIOGRAPHY Sampson and Woolcock, Regionalism, multilateralism and economic integration: The recent experience United Nations University Press, 2003 Amadeo, Kimberly, US Economy (2005) [http://useconomy. about. com/od/glossary/g/ multilateral. htm] accessed 06/04/08 Treaty Database DFAT online database, accessed: 06/07/08 [http://www. info. dfat. gov. au/info/treaties/treaties. nsf/WebView? OpenForm&Seq=2] Breslin, Shaun et al. , New Regionalism in the Global Political Economy: Theories and Case London: Routledge, 2002 Jayasuriya, Kanishka, Asian Regional Governance: Crisis and Change New York: Routledge, 2004

The Movie A Sugar Coated - 1252 Words

Introduction 1) Who here is familiar with the Disney movie â€Å"Hercules†? 2) Most of us know the story as it has been portrayed in the movie: a sugar coated, G-rated version of a story that is much more realistic in terms of humanity and what it means to be human. a) As a young girl, Hercules was one of my favorites. The five muses dressed in white singing all throughout as a sort of narration really made the whole film that much more entertaining for me. Dancing around the living room with the sister whenever zero to hero comes on may or may not still be a recurring theme. b) Ever since watching the Hercules movie, I have been sort of fascinated with Greek mythology and it has always been a favorite subject in my world history classes. 3) Greece is a country with a very rich religious history which can be dated back to ancient times where mythology held a very dominant hold over people. 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The fac t that it is a success story of an African AmericanRead MoreDefense of The Passion of the Christ Against Charges of Anti-Semitism806 Words   |  4 PagesJews have been blamed for the death of Jesus Christ. The movie Passion of the Christ portrayed the last twelve hours of Christs life before and up to the crucifixion. Religious leaders around the world where petrified that this re-enactment on the big screen would fuel the fire of hatred towards altering religions. The belief was that there would be an uproar of Christians putting forth anger towards the Jewish communities. The movie The Passion of the Christ did not by any means portray Anti-SemitismRead More Use of Performance Enhancing Substances by Athletes is Wrong708 Words   |  3 Pagesof dollars, but you will achieve fame, fortune and worldwide recognition. Along with that you will be getting paid a lot to do something that you really love and enjoy. It seems like professional athletes have it all. They are as worshipped as movie stars, allowed to act like rock stars and always seem to age gracefully after their sports careers are over. So perhaps the question should be what wouldn’t you be willing to do to become a professional athlete? Would you be willing to cheat toRead MoreRags to Riches1447 Words   |  6 Pagesversion of the tale some are easier to unveil than others. One of the ways that the story Cinderella has come to American culture is through the Disneys nineteen fifty animated version. The movie was based closely to that of the Charles Perrault short story Cinderella. In the story as well as in the movie, Cinderella is a young girl, of noble birth, who is forced into being a slave to her step-mother and step-sisters after both her parents had died. Although her father dies early in the story,Read MoreNight V. Life Is Beautiful Essay818 Words   |  4 Pagesthat they bring the same thing to the table. They both may include a somewhat similar father-son relationship, yet they still aren’t that same. Night, a tragic memoir of Eliezer Wiesel, and Life is Beautiful, a humorous and still somewhat depressing movie of Guido and his family, have numerous similarities as well as drastic differences between them. There were numerous differences between the two stories. First of all, Life is Beautiful had a much lighter and amusing tone to the story. The fatherRead More Gorilla, My Love Essay1147 Words   |  5 Pagesbe completely unaware that by breaking this promise, he has distorted Hazel’s entire outlook on trustworthiness. Hazel expresses her concrete belief that people should follow through with what they say, when she is commenting on the incident at the movie theater, â€Å" I mean even gangsters in the movies say My word is my bond. So don’t nobody get away with nothing far as I’m concerned† (297). The idea of what distinguishes a legitimate agreement from a childish deal is something brought to the attentionRead MoreCinderella Man Essay1542 Words   |  7 Pagesand empowerment. In actuality, this is a tremendous true story about a man named Jimmy Braddock who lives out a fairy tale, not a sugar coated fairy tale, but more of a grimace one. Cinderella Man is a film of survival and people finding strength within, to do what they have to do to carry on, particularly for what it takes a man to provide for his family. In this movie, the director wanted to show people that were just becoming poor, some who were destitute already, and perfectly middle class people