Economic Policy Proposals of Barack Obama Essay Example | Topics and Well Written Essays - 500 words

Economic Policy Proposals of Barack Obama - Essay Example He intends to do so by extending tax cuts, curtailing the regulatory constraints, encouraging research and development, extending mortgage refinancing to responsible home owners and investing in the fast deteriorating infrastructure (Thoma, 2012). Obama’s proposals also made a mention of dealing with the budgetary deficit and regulating the financial markets (Thoma, 2012).  If one carries out a macroeconomic analysis of some of the salient proposals extended by President Obama, they do promise positive economic results in a long term context. For instance, Obama’s proposal of reviving the manufacturing sector by offering tax cuts is indeed favorable. There is no denying the fact that America has lost a large proportion of jobs at home owing to the flight of manufacturing to countries like China (Kind, 2006, p. 29). Manufacturing sector constitutes the cornerstone of any vibrant economy. Revival of the manufacturing sector clearly means the retention of good jobs at ho me that will directly translate into a good standard of living for the American citizens (Weiss, 2002, p. 83). Boosting the manufacturing sector will directly support Obama’s proposal of reviving exports. The export of goods produced by a competitive manufacturing sector will of course bring back the wealth generated by it to the local communities, through the sale of goods in the local and global markets. This will also have a positive spillover effect in the small businesses that serve as ancillary units supporting the big manufacturing companies.

Supply chain management Essay Example | Topics and Well Written Essays - 500 words

Supply chain management - Essay Example Carter and Rogers (2008) define Sustainable Supply Chain Management (SSCM) as the strategic, transparent integration and achievement of an organization’s social, environmental, and economic goals in the systematic coordination of key interoganziational business processes for improving the long-term economic performance of the individual company and its supply chains (cited in Panayiotou & Aravosis, 2011; p.59). Two supply chain types have been identified such as supply-chains driven by lean, cost, and efficiency and supply chains driven by agility, pace and service (Cetinkaya et al, 2011). In order for companies to stay competitive in their SCM, it is important that they customize their supply chains according to the need and competition. The most widely recognized SSCM approach is the triple-bottom line approach which consider the economic, environmental and social contributions or impact that supply chains can make. The best known example of such a SSCM is that followed by S tarbucks Corporation. Starbucks’ purchasing philosophy has brought a complete shift in the way supply chain operated. Their purchasing philosophy considers their farmers, their customers and their business through their Coffee And Farmer Equity Practices (C.A.F.E).