Main Theories of International Trade and Corporate Strategy Essay

Main Theories of International Trade and Corporate Strategy - Essay Example The theory of absolute advantage states that a country contains an unconditional advantage in the production of a product when it can produce more of that product with the same amount of resources than another country. (Aghazadeh, 2003) Absolute advantage can also result in higher incomes for a country as one hour of labor output should increase and the country should become more efficient as a result of trade between countries (Herriot and Pemberton, 2006, 34). Realistically, one country should have an absolute advantage over another country in the production of some goods. As an example, Saudi Arabia would have an absolute advantage in the production of oil compared to a country such as Japan. (Beardwell, Holden & Claydon, 2004, 14) The theory of comparative advantage states that a country has a comparative advantage in producing a product when its opportunity costs are lower than another country producing the same product. Opportunity costs are sacrificed in order to consume or produce another good. With comparative advantage, countries can benefit by specializing in trading certain products. Production or total output should boost when countries concentrate on producing and exporting goods and sequentially lead to a further proficient application of resources (Herriot and Pemberton, 2006, 34). The Heckscher-Ohlin factor endowment theory is mainly about the variation in the comparative profusion of factors of manufacture in a variety of states as the most significant indication of the dissimilarity between relative costs of services and proportional benefit (Herriot and Pemberton, 2006, 34). Every country has various amounts and types of resources that will determine what they are able to produce or not produce. The combination of resources such as land, labor, and capital is referred to as a country's factor endowment.  

Necrotizing fasciitis Essay Example | Topics and Well Written Essays - 1000 words

Necrotizing fasciitis - Essay Example The Centers for Disease Control and Prevention (CDC) reports that, worldwide, rates of NF increased from the mid-1980s to early 1990s" (http://www.jyi.org/volumes/volume5/issue8/features/hu.html) Those most at risk for infection include those with "medical conditions that weaken their defenses against infections, including people with cancer or diabetes; those abusing alcohol or drugs; or those with chronic heart and lung disease" ("Flesh-eating bacteria," 2006, par. 1). As uncommon as it is for even these people to contract the condition, it is even less common for healthy people. Nevertheless, there have been some cases in which no cause could be identified (par. 1). Necrotizing fasciitis shares symptoms of other medical conditions and does not have any unique symptoms. Thus, it can be extremely difficult to diagnose. Moreover, it is extremely uncommon, with only 500-1500 cases per year appearing estimated by the Centers for Disease Control and Prevention. "Early symptoms look like so many other things. None of the symptoms are exclusive to this disease, and since many emergency rooms have never seen a case, it is difficult to diagnose" (par. 6). ... e pain or tenderness, especially with no apparent injury or wound, swelling, red or dusky blue rash, flulike symptoms such as diarrhea, nausea, fever, confusion, dizziness and weakness" (par.1). Symptoms follow an approximate timeline. "Within the first 24 hours, a small cut that may not necessarily look infected quickly becomes painful. Pain may also result in the same region of the body as the cut. Flu-like symptoms also begin to occur, inluding nausea, diarrhea and fever. Within three to four days, the painful area will begin to swell and may show a purplish rash plus large dark marks that will become blisters filled with a blackish fluid surrounded by bluish, white or dark mottled flaky appearance. Within four to five days, a person becomes unconscious. At this point, most people would die if medical attention is not received" (MacDonald, 1998, par. 4). Obviously, this is a rapidly progressing disease for which early detection and treatment is of paramount importance. In one documented case of the disease, a woman who got a paper cut from flipping through a magazine was awakened that evening with throbbing pain so severe she told the doctor it "felt like her finger was going to explode" (par. 25). "Three days after the initial cut, a black dot appeared on her fingertip. Within a few hours, when she sought a doctor's care, that same black dot had grown to the size of a dime and extended down her finger" (par. 26). According to her doctor, the infection spread so rapidly that the woman might have had to have her entire arm amputated, or she could have even died. Treatment and Prevention Due to the rapidity with which this kind of infection spreads, it is very difficult to treat. Prevention is also difficult because the disease can be brought on by cuts and abrasions