Open economy Term Paper Example | Topics and Well Written Essays - 1500 words

Open economy - Term Paper Example The primary advantage for consumers living in a country with an open economy is obvious in that they have a much larger variety of goods to choose from. The caveat here must be â€Å"if they can afford to buy them.† Additionally, these consumers may also invest financially outside of the country. Regarding country as a political entity, it is not required to equal its output of goods and services and can, if it wishes, spend more money than it itself produces within its economy by borrowing from abroad, or it can spend less than it produces and lend the difference to other countries. A primary example of this previous statement is the United States as the former country mentioned, and China as the latter, a situation widely discussed and criticized by many as detrimental to the future economic and political stability of our nation as well as its security. ChinaDaily.com quotes President Obama. â€Å"The long-term deficit and debt that we have accumulated (with China) is unsustainable. We cant keep on just borrowing from China... We have to pay interest on that debt and that means that were mortgaging our childrens future with more and more debt" (para. 2-3). At over $700 billion in U.S. government securities, and despite its own mixed participation in the open economy which discourages foreign investment, China is the single largest holder of U.S. debt. With a budget deficit of over 1.8 trillion, the US continues to import Chinese goods and allow it access to investment and debt purchase at a disproportionately alarming rate. With the world economy shrinking, c oncerns are many that China will either stop buying our debt or call in markers we are unable to pay. Much of what is touted about the benefits of open economy to poorer nations is largely theoretical. Chidambaran in India in Transition presents a positive view of the

Stages and Spheres of Discipleship Research Paper

Stages and Spheres of Discipleship - Research Paper Example The spiritually dead do not consider Christ. They do not consider Christ as their lord and savior. They are the unsaved and not born again people in the society. The spiritually dead do not believe in god. To them, the bible is just a bunch of myths. Christians are intolerant and homophobic people to God and they need to develop patience. Religion is a crutch for the weak individuals and such take chances in god.1 They do not differentiate between the right and wrong and they consider what might be right for one person to be right for another person. For them, the truth is just relevant for the one who perceives it. The spiritually dead do not consider the existence of hell and consider many ways a person can get to God. They consider themselves good individuals, and when they die, everything will be okay. Ephesians two 1-5 â€Å"God due to his great love for us and his rich mercy make us alive makes us alive with Christ even when we are dead in transgression."2 These individuals just know the Christ as their lord and savior. They are in the stage to learn the way God taught his disciples. They are described as infant babies filled with many questions and with many curiosities. The spiritual infants consider it necessary to go to church regularly to learn more about Christ. The spiritual infants need to pray and read the bible regularly. They consider it not necessary to need anyone else in their lives apart from themselves and Jesus. However, the infants are faced with dilemmas; they consider Jesus to be the solution of their problem. They will tell you that they were saved recently, but they still have problems in their lives. Peter 2:2-3 peter a servant and apostle of God says, â€Å"To those who have received Gods righteous and Jesus Christ as their savior, Grace and peace be abundant upon them through the knowledge of Jesus Christ and God. The divine power of God will give them everything they need.†3 The spiritual children