Henning Schmidt – författare

Seminar paper from the year 2005 in the subject Business economics - Economic Policy, grade: 70%, University of Hertfordshire (Business School), course: Economic Policy, language: English, abstract: This report will examine the economic stagnation in Japan in the 1990s. The second section will introduce the events in the 1990s and give the most important features, followed by a closer look at the chain of events, explaining what caused what in a chronological approach. From there, we will introduce a set of possible reasons for the depicted developments and the theoretical frameworks in the third and fourth section which will then lead to our conclusion based on the analysis given before, accommodating the conclusion of Krugman of Japan being in a liquidity trap in our findings. 2. Japan in the 90s - summarizing macroeconomic developmentsThis section will introduce the phases considered, the building the bubble in the 80s, burst of the bubble in February 1991, continuous recession and seeming recovery in 1996 and renewed economic downturn from 1997 on until 2000, the end of the considered timeframe. a. Build-up of booming asset and real estate market - bubble economy Japans Economy in the 80s showed strong growth of above average, e.g. 4.1% ten year average growth in 1986 (Weinert, 2001, p. 461) and very low inflation (Baig, 2003, p. 5). Declining regulation of the financial sector and generally lax regulation led to a creditfuelled boom in the land- and asset-markets (Schrooten, 2000, p. 2). Within this process, the boom-financing bank-loans were built on collaterals of mostly land or stocks, accumulating risks in the loan books of the banks (Woo, 1999, p.7). b. Burst of the bubbleBy 1989, the Japanese stock market peaked, in 1992, land prices start to decline. Both are related to government intervention, the stock market was affected by a change of the discount rate by the Bank of Japan (BoJ) and the latter was influenced by a restriction of maximum loans to real estate in April 1990 (Baig, 2003, p. 8). The economic downturn in the aftermath was worsened by interconnection of bank loans and declining value of collaterals.

Essay from the year 2004 in the subject Economics - Macro-economics, general, grade: 70%, University of Hertfordshire (Business School), course: Economic Policy, language: English, abstract: This assignment will deal with the question in what ways markets for science and technology fail and how a government can address to these failures. As approach there will be first the defining of the terms used, followed by a theoretical explanation of market failure and its causes in general. The major consideration will be towards the appropriability of the returns on an innovation. From here on, the possibilities of the state to intervene and its reasons for and against it will be looked at. Then it will be concluded which measures are considered a useful addressing towards this specific kind of market failure and which not. The question behind all considerations on intervention will be how either sufficient property rights are created or lacking property rights are compensated. Regarding science and technology this essay will take any activity inside of a national economy that is aimed to create knowledge of any kind as part of the consideration. It is acknowledged, that technology produces private goods with profit as driving incentive, whereas science is producing a public good, driven by the evaluation of other scientists (see Stoneman 1995 p. 4). A further distinction of both is not undertaken in this concern, as the question involves both terms and the differences are not considered to be crucial for the further considerations. The Schumpeterian approach that before an innovation as the development of an idea into a marketable product there needs to be the invention, the scientific generation of new ideas, and that an innovation ends with its diffusion is acknowledged as well (see Stoneman, 1987, pp. 8 - 9 ). In the following considerations these processes are considered given as part of the general economic activity. On markets, property rights are exchanged, deducted from the surrounding legal institutions, by which an economic agent controls an economic good to a certain extent (See Fritsch et al p.19, p.6). It will be shown that the basis for market failure lies within inadequate property rights for technology and also that to a certain extent, this is economically desirable. The theoretical concept of market failure founds on violations of the conditions necessary for a socially optimal and efficient result in perfect competition, i.e. uncertainty, externalities and indivisibilities (See Acocella, p. 89).

Seminar paper from the year 2005 in the subject Business economics - Supply, Production, Logistics, grade: 1,5, University of Applied Sciences Bremen, course: Supply Chain Management, language: English, abstract: This paper is to explain the concept of Continuous Replenishment (CR) which will be considered in a framework of an understanding of Supply Chain Management (SCM). A more extensive approach was chosen to ensure that the considerations contain the necessary information for a thorough understanding of the method. Initially, the general background of Continuous Replenishment will be introduced, followed by the definitions of the necessary terms. Then the approach of CR will be analysed in its components. Having explained the general concept, further determinants to the model will be introduced, e.g. regarding the size and the conduct of the related enterprises. From there, the conclusion that the success of CR depends mostly on high level managerial support will be deduced. All abbreviations will be introduced within the text and can be looked up in the glossary at the end of this paper, pictures and graphs are displayed in the appendix.

Neben den bekannten Zivilisationskrankheiten gibt es tief verwurzelte sexuelle "e;Kulturkrankheiten"e;, die unser Leben seit Jahrhunderten pragen. Sie erscheinen uns je nach Epoche, Ort und Gesellschaft entweder als Krankheit, als funktionale Storung, als sexuelle Sonderform, als religiose Eigenart oder als kulturelle Normalitat. Dieses Buch beleuchtet die historischen, gesellschaftlichen und psychologischen Hintergrunde bestimmter sexueller Normen und Praktiken und wirft einen kritischen Blick auf ein Thema, das seit jeher unser Denken und Handeln beeinflusst. Eine provozierende und aufschlussreiche Aussage uber einen Teil unseres Lebens, den wir gemeinhin als selbstverstandlich betrachten.