The Communist Manifesto By Bertell Ollman - 953 Words

After reading the Communist Manifesto, I was deeply thinking of how Marxism theory be applied in contemporary society and how much benefit it brings to this developing modern world. What will things be look like after the revolution could be a questions often put to Marxists. But the answers are frequently unclear and vague. Since socialism emerges out of capitalism as a result of a successful struggle against it by the working class, the specific measures introduced by the revolutionary socialist government will depend on the particular economic especially, social and political conditions at the time. There is an article named Marx’s Vision of Communism, which is written by Bertell Ollman, he pointed that Marx constructed his version of communism out of the human and technological possibilities already visible in his time, which given the priorities that would be adopted by a new socialist society. Marx believes that the communist future from existing patterns and trends is an integral part of his analysis of capitalism, and analysis which links social and economic problems with the objective interests that affect each class to deal with them in distinctive ways; what demonstrate the real possibilities inherent in a socialist transformation of the capitalist mode of production. It might be in the sense that Marx (1967) claims that we do not anticipate the world dogmatically, but rather wish to find the new world through the criticism of the old. Marx’s communist societyShow MoreRelated The Individual and Society in the Communist Manifesto Essay1793 Words   |  8 PagesThe Individual and Society in the Communist Manifesto The end of 19th century, Western Society was changing physically, philosophically, economically, and politically. It was an influential and critical time in that the Industrial Revolution created a new class. Many contemporary observers realized the dramatic changes in society. Among these were Karl Marx and Friedrich Engels who observed the conditions of the working man, or the proletariat, and saw a change in how goods and wealth wereRead MoreEssay on The Nature of Marxism - Political and Economic Implications2181 Words   |  9 Pagesworked together to write The Communist Manifesto, and, after Marxs death, Engels became the surviving originator of Marxism; it was he who carried Marxs torch, and who published the latter of Marxs philosophies- though whether or not he was true to Marxs beliefs, and whether he altered them slightly according to his own, no one can be sure (18). Despite this, however, Marxs beliefs were relatively clearly expressed and published, beginning, in pa rt, with the Manifesto. The history of all hitherto

The American Revolution - 877 Words

Some people believe the American Revolution is strictly liberal, in truth it is conservative evidenced by the new British policies, colonial reactions and the examinations of what it means to be conservative vs. liberal. The American Revolution was triggered, by many laws that were passed between 1763 and 1775 that controlled trade and taxes. This legislation caused pressure between colonists and imperial officers, who had made it clear that the British Parliament would not address American complaints relating that the new laws were â€Å"too difficult†. The British unwilling participation to react to American demands for modification allowed colonists to argue that they were part of an increasingly corrupt and oppressive empire in which traditional liberties were threatened. On April 5, 1764, Parliament passed a revised form of the Sugar and Molasses Act, which was about to expire. Under the Molasses Act colonial merchants had been required to pay a tax of sixpence per gallon on the importation of foreign molasses. Because of corruption, they mostly avoided the taxes and had the intention, that the English product would be cheaper than then from the French West Indies. This ruined the British West Indies market in molasses and sugar and the market for rum, which the colonies had been producing in quantity with the French molasses. Parliament decided it would be clever to make a few changes to the trade rules. The Sugar Act reduced the rate of tax on molasses from six pence toShow MoreRelatedThe American Revolution : The Revolution1367 Words   |  6 PagesThe American Revolution Revolutionizes the World It was the first revolution to majorly succeed and change how people saw their countries, it was the American Revolution. The American Revolution was the first successful revolution against a European empire that provided a model for many other colonial peoples who realized that they too could break away and become self-governing nations (New world Encyclopedia, 1).The American Revolution was vital to history because ideas seen by other countries startedRead MoreThe Revolution Of The American Revolution999 Words   |  4 PagesBetween 1770 and 1776, resistance to imperial change turned into a full-on revolution. The American Revolution, also known as the Revolutionary War, was a time of revolting and political uprising, in which the 13 colonies separated from the British Empire, forming the independent nation known as the United States of America. Though the American Revolution began because the colonies wanted independence from Britain, many important historical events and revolts also lead to the tensions and resistanceRead MoreThe Revolution Of The American Revolution1362 Words   |  6 PagesEvery 4th of July, Americans are told the story of the American Revolution. We remember the oppressed colonists fighting against the tyrannical King George III and the formidable red coats. Patriotic heroes are remembered, evil kings are cursed, and the liberties and freedoms won from the war are celebrated. Though America often likes to look back to the revolution, the question of just how much a revolution was the American Revolution is rarely asked. While the American revolution was not as radicalRead MoreThe Revolution Of The American Revolution863 Words   |  4 PagesThere are many different views on how the American Revolution came to be and how it actually was. One way is that the colonists that had money and were known as the elite were trying to preserve their power from the British and this is what caused the revolutionary war. Then on the other hand bef ore the revolutionary war occurred when the colonists were being over controlled by the British, then in result of the American Revolution the colonists were able to win against the British and become strongerRead MoreThe Revolution Of The American Revolution1582 Words   |  7 Pagesâ€Å"The revolution was effected before the war commenced. The revolution was in the minds and hearts of the people.† - John Adams, 1818 This quote means that the revolution actually took place metaphorically before the actually fighting began. It took place in the emotions and thoughts of the Americans. The Road to Revolution After the Seven Years’ War created a financial problem for Britain The British tried to shoulder some of the financial responsibilities onto the Americas in the form of variousRead MoreThe Revolution Of The American Revolution850 Words   |  4 PagesIn regards to the American Revolution, the point that armed rebellion became inevitable arrived when after nearly five constant years of American colonist protesting. American s had enough and needed to take a stand for the numerous inequalities they were forced to deal with. It was foreseeable that the American Revolution took place due to the unfair taxes that the British were giving Americans. Also, England was not allowing Americans their freedom, along with violence and the political dominanceRead MoreThe American Revolution. The American Revolution Started1581 Words   |  7 PagesThe American Revolution The American Revolution started when King George the 3rd decided to make the American Colonies pay a large amount of money for the debt of the French and Indian War by giving the colonist different types of taxes like the Sugar Act in 1764. The sugar Act of 1764 was a British Law that was passed on April 5, 1764, that collected incomes from the 13 colonies. The act put a huge tax on the sugar and molasses that were imported into the colonies which were a huge impact for theRead MoreThe American Revolution1337 Words   |  6 PagesThe American Revolution was much more than an insurrection against British tariffs and patronage decree. Rather, it was a bureaucratic catastrophe in which colonists from the thirteen American colonies denied the British sovereignty, eradicated the jurisdiction of Great Britain and established the United States of America. The upheaval was a primitive modern revolution in which generality traversed for liberty in the statute of law, constitutional privilege and supremacy. Ensuing years of contentionRead MoreThe American Revolution889 Words   |  4 PagesThe American Revolution was one of the most vital events in American History lasting form 1775 to 1783, it effected the nation socially, economically and politically. The American Revolution brought upon many changes in America, and freedom of the nation. The Revolutionary War was a stepping stone to what we are as a nation today, it created both short and long-term effects on the world. When wanting to blame a certain side, the British politicians or the American agitators, several key points leadRead MoreThe American Revolution993 Words   |  4 PagesThe topic of the American Revolution is a topic that has been discussed on multiple levels and is extremely well-known, especially within the United States. The details are a little on the generic and basic side but it is at least understood on some level. Most people are aware of the American standpoint, the what, why, how, and when , but there is much more depth to what occurred. The war was obviously between the Americas and the Mother country of Britain, but there were more than just those two

The Second Amendment Of The United States - 1666 Words

Introduction The fourth amendment of the United States Bill of Rights states that â€Å"The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.† (â€Å"Bill of Rights†). Within the text of this amendment, the word ‘unreasonable’ is one that should be observed and remembered by citizens in regards to search and seizure. A question every citizen should ask is: does the fourth amendment provide enough protection to an individual’s privacy against intrusive police search and seizure when an officer’s discretion is the sole reasoning for initiation? It has been argued that racially-biased policing largely began with the Drug Enforcement Agency’s Operation Pipeline, a 19 84 training program that instructed 25,000 state and local enforcement officers across the United States to identify and search potential drug smugglers and carriers. The training also contained a section that trained officers to consider the suspects’ race (Reid Race Issues And Stop And Search: Looking Behind The Statistics.† 168). In 2009, the United States population reached 318,857,056, with demographics divided at: 77.7% Caucasian, 13.2% African American, 17.1% Hispanic, and 5.3% Asian (State County QuickFacts). In 2009, 39.4% of the prisonShow MoreRelatedThe Second Amendment Of The United States1725 Words   |  7 Pagesâ€Å"Americans are deeply divided over the Second Amendment. Some passionately assert that the Amendment protects an individual’s right to own guns. Others, that it does no more than protect the right of states to maintain militias† (Cornell). The Second Amendment of the constitution gives citizens the right to bear arms, and is th erefore one of the most important laws of the nation. This amendment holds an important value to our nation because, it prevents tyranny but, it also protects, spreads, andRead MoreThe Second Amendment Of The United States874 Words   |  4 PagesWhen comes to the second question’s answer; the citizens of the United States take power from the Second Amendment of the Constitution to get a gun. Second Amendment of the United States that was adopted in 1791 emphasizes, â€Å"Every individual was granted the right of gun ownership and bearing gun† (Diaz, 54). For those citizens who want to buy a gun can put their constitutional rights forward so that all barriers can easily be eliminated in front of owning a gun. People may want to have a gun dueRead MoreThe Second Amendment Of The United States1367 Words   |  6 Pagesinterpreting the Second Amendment date back to the turn of the twentieth century because so many viewpoints and regulations have accumulated; it is all i n the manner of which interpretation citizens subscribe to- loose verses strict interpretation. Due to the controversies, certain gun regulations have been enacted and fears have risen because of this. In the Second Amendment of the Constitution of the United States, it states, â€Å"A well regulated militia, being necessary to the security of a free state, theRead MoreThe Second Amendment Of The United States1472 Words   |  6 PagesGun Control The Second Amendment of the constitution of the United States was adopted on December 15, 1791. â€Å"A well-regulated militia being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed† (Gun Control Laws). There is controversy on the exact meaning of the Second Amendment. There is also a lot of controversy surrounding guns and gun laws, and what could be done to prevent gun violence and mass shootings in our country. There has toRead MoreThe Second Amendment Of The United States2402 Words   |  10 Pages The United States of America has always been referred to as the land of the free. The United States Constitution and the Bill of Rights were put in place to ensure that the citizen’s basic rights were not violated. Even with these documents in place, certain rights have often been the center of heavy debate. The fourth amendment which protects against unreasonable searches and seizures, or the first amendment which protects free speech, or the fifth amendment which protects you from self incriminationRead MoreThe Second Amendment Of The United States1425 Words   |  6 PagesThe Second Amendment to the Constitution was adopted on December 15, 1791 protects the right for people to â€Å"keep and bear arms.† This issue is always a controversial topic not only around election time but becoming more and more a subject for conversation everywhere we go. Gun ownership in the U.S. has a tremendous high rate as well as gun violence. At least 270 million firearms are owne d by Americans and found in 47% of homes. In 2015, an estimated 13,286 people were killed by guns and 26,819Read MoreThe Second Amendment Of The United States1513 Words   |  7 PagesThe Fourth Amendment states in part â€Å"The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated†¦.† 14 United States Code 89 gives the U.S. Coast Guard authority to board, inspect, or seize any U.S. vessel on the high seas or in U.S. territorial waters. The Supreme Court has ruled not every search or seizure requires probable cause or a search warrant, however, these are the exception to the rule. The CoastRead MoreThe Second Amendment Of The United States Constitution1774 Words   |  8 Pagesfamily. It is not the duty of the federal government to dictate what a citizen chooses to legally defend themselves with. The second amendment of the United States Constitution was ratified on the 15 of December, 1791 and was drafted by future president James Madison. The text of the second amendment reads â€Å"A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.† There has been much debate in our country regardingRead MoreThe Second Amendment : The United States And Its Citizens978 Words   |  4 Pagesbegin this essay, I will state that I believe that the second amendment is truly beneficial to making money in the U.S. economy. First, I want to cover why this amendment is important to the United States and its citizens. For example, one of my most favored actors Ice-T has proven to be a very big supporter of gun rights and an avid backer of the 2ND Amendment, and in an interview with Channel 4 TV in London, England he states that ,â€Å"Yeah, it’s legal in the United States. It s part of our ConstitutionRead MoreThe Second Amendment Of United States Constitution1350 Words   |  6 PagesIntroduction The second amendment of United States constitution said â€Å"A well-regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed†. This amendment was embraced on December 15, 1791, taking in consideration that American citizens have a natural right to self-defense and they can help to accomplish the following purposes: Permitting the people to organize a militia system Contributing in law enforcement Deterring

Hitler Misconception Concerning The Causes Of Germanys

Hitler misconception concerning the causes of Germanys collapse in WWI greatly influenced his evil decisions as warlord. His beliefs that Germany would not have been defeated had the war continued had no basis in reality. The German cause was lost. The ‘lessons’ he learned from WWI were all the wrong ones. What he always called the â€Å"stab in the back† was no such thing, which makes him a liar. When Germany surrendered, it was for the purely pragmatic reason of survival. Why allow your enemies to occupy and ravage your country? That would make little sense unless your desire is for your country to pay the price for failure, as Hitler was in the end. His little dictatorial feelings were hurt because Germany let him down so he allowed them to†¦show more content†¦The Nazi claimed the boycott was an act of revenge against both German Jews and foreigners, including US and English journalists, who had criticized the Nazi regime. On the day of the boycott, t he six-pointed Star of David† was painted in yellow and black across thousands of doors and windows. Signs were posted near and in front of every shop saying, Don t Buy from Jews and The Jews Are Our Misfortune. This was just the start of Jew cruelty. Hitler only took things further from here. 1934, Night of the Long Knives. Imagine someone being so power hungry that they eliminate people that think might get in the way of his or her goal setting! Well that’s exactly what Nazi leader Adolf Hitler did. Hitler orders a bloody purge on his own political party. He is responsible for the assassination of hundreds of Nazis whom he thought had the potential to become political enemies in the future. The leadership of the Nazi Storm Troopers, whose four million members had helped bring Hitler to power in the early 1930s, were especially targeted. This is almost like professional basketball player James Harden killing Russel Westbrook because he’s a potential NBA MVP candidate, actually that’s exactly what it’s like. Hitler only Became stronger and crueler from this point on. August 19, 1934, Adolf Hitler, already chancellor, is also elected president of Germany in an unprecedentedShow MoreRelatedRobert Bly s Iron John2472 Words   |  10 Pageswhich men would take young boys out into the wilderness, where they would complete trials and emerge as men. The New Warrior Training Adventure is still going on today, and still is solely for men. Feminists understandably have many critiques concerning the MMM. For one thing, the MMM is not actively involved or associated with any social justice, political or community issues. In contrast to feminists, who, as a whole, are dedicated to implementing social, political and cultural change to betterRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesAttitudes 70 What Are the Main Components of Attitudes? 70 †¢ Does Behavior Always Follow from Attitudes? 71 †¢ What Are the Major Job Attitudes? 73 Job Satisfaction 78 Measuring Job Satisfaction 79 †¢ How Satisfied Are People in Their Jobs? 80 †¢ What Causes Job Satisfaction? 81 †¢ The Impact of Satisfied and Dissatisfied Employees on the Workplace 82 Summary and Implications for Managers 88 S A L Self-Assessment Library How Satisfied Am I with My Job? 70 CONTENTS ix S A L An EthicalRead MoreDeveloping Management Skills404131 Words   |  1617 Pagesfailed banks were judged to have had poor management. Only 35 percent of the failures had experienced depressed economic conditions in the region in which they operated, and in only 7 percent of the cases was a depressed economic condition the sole cause of bank failure (U.S. Office of the Comptroller of the Currency, 1990). Dramatic anecdotal evidence also abounds regarding the impact of effective management on workers and organizations. One of the most notable, for example, was the General Motors

Police Corruption Problems Free Essays

Corruption has been in the dark closets of American policing since it was first established in the country. When policing was first instituted conditions were not the best, pay was low, and respect was hard to find. These problems coupled with the problem of a lack of laws in which bound the police to accomplish a specific task a specific way, meant they had enough discretion to hang themselves by. We will write a custom essay sample on Police Corruption Problems or any similar topic only for you Order Now There shouldn†t be any surprise that corruption hasn†t vanished and will most likely never totally go away. It is just like the saying â€Å"Absolute power, corrupts absolutely†. It is just human nature to want a better life and get the things you always wanted. Some people, and police are just people, just can†t resist the temptation for â€Å"easy money†. People have a way of rationalizing situations in their heads, by thinking they are just taking care of their families and paying there bills. This is similar to the job I presently have, working in the Asset protection department for Sears. I see things I would like to have all day long, I know I could take them and no one would ever know, but I don†t. I don†t do it because there is a fear of getting caught or any kind of punishment like that, I don†t do it because of ethics and morals. I, like the majority of people see the opportunity, while a very small percentage of people take advantage of it. It is the same with policing most police are honest and hard working but, there are always some â€Å"bad apples† in the bunch. If you knew a way to tell if someone was going to be honest in everything they do, 100% of the time, I think you would at the very least be a billionaire. Corruption has to be defined in order to look at it closer. The dictionary definition of corruption is: 1. Marked by immorality and perversion; depraved. 2. Venal; dishonest: a corrupt mayor. 3 Containing errors or alterations, as a text: a corrupt translation. 4. Archaic. Tainted; putrid. Would consider a police officer who accepted a free cup of coffee corrupt?. What about an officer accepting money in exchange for not patrolling his/her sector. What would you think of a business person taking that same cup of coffee, would you believe him/her to be corrupt? I think you have to draw a line on what is corrupt and what you believe isn†t. I think you have to add into your decision making steps the â€Å"offenders† jobs, position, and role in the community. The conclusion I came to is that it definitely does make a difference on the job, position, and role in the community. I believe if the business person had nothing to do with the place in which he/she received the coffee, he/she is not corrupt. He/she just had an act of kindness betrothed on them. Regarding the police officer, he/she should not of accepted the coffee because he/she has a duty to stay impartial to the community. If he/she had to go to a fight later that same day between the person that gave him the coffee and another person, and the person who gave him the coffee was found to be in the right and the other person was in the wrong, what would happen? Most likely the person who was arrested (assuming this person had knowledge that he accepted the coffee) would most likely bring that fact up at the trial. If this situation happened the officer†s integrity would be in question, and the jury/judge would have to wonder about it. Of course accepting coffee is not the main focus of police corruption, its not against the law, nor will it have a overwhelming impact on policing. I do believe the illustration puts into simplistic terms the larger problems which are occurring with policing in large. It all comes down to â€Å"Do I take it or don†t I take it? † and it is enough? Corruption is like a drug in a way, you start small and just work your way up the ladder, until you fall off. I said before that accepting a cup of coffee isn†t against the law and doesn†t make up the corruption which we face today. I am going to describe some recent corruption cases which have been fought. As identified in a report by the Knapp Commission published over two decades ago it was found there are two different violators. The first are called â€Å"Meat eaters† who abundantly misuse their power for personal gain. These individuals go out and seek ways to get money and have the advantage. The second type is called the â€Å"Grass eaters† these people are the ones who just accept payoffs and such when the happenstance come their way. For the most part, when you hear of a corruption case you most likely hear about the â€Å"Meat eaters†, because they are the ones which get bolder faster with every successful gain. So what do we do about it? I said before if punishment isn†t going to stop police from becoming corrupt, what will? The first step to solving this â€Å"disease†, which is slowly eating away at public trust, is to acknowledge the problem. Managers on a whole use three different approaches when failing to deal with corruption. First, it is simply ignore the problem like it was never there. This approach is bad for many reasons. If the police can†t police themselves, someone will have to come in and do it for them. Public trust will never be gained. The second approach is a â€Å"pollyanna† mentality. This is where the manager discovers and finds the corruption, but downplays its total impact. This approach as with the first approach, will cause someone outside the agency to solve the problem. The third is the most lethal approach for the manager to take, one of a â€Å"cover-up†. Like the second, the manager discovers the corruption, but takes overt action to cover it up. Not only did the manager â€Å"condone† this behavior, but this will only lead to more corruption and abuse. This now enlarged corruption, will eventually lead to great public mistrust. A manager can overcome the problems with these approaches by assuming a realistic posture to this issue. This will allow the effects of the corruption to be less damaging to the agency. The next step to prevent corruption is to develop a plan of action. While no one plan will be foolproof it should include these three elements, recruitment, training, and investigation. As I previously stated, you have to come up with a definition of corruption to be used for your plans. I suggest everything from accepting a cup of coffee to the further most end of the spectrum be included. Using this definition stops people and managers from trying to decide what is across the line and what isn†t. If you try to â€Å"draw a line† this can create confusion and many people could rationalize situations as being OK. The International Association of Chiefs of Police (IACP) defines corruption as acts involving the misuse of authority by a police officer in a manner designed to produce either personal gain or gain for others. With a definition like this everyone from the patrol officer to the Chief knows where they stand. The IACP created the Model for Management Corruption Prevention, in reaction to the corruption running rapid in the departments. This model covers the three basic elements which I mentioned previously recruitment, training, and investigation. Recruitment is the first step in this process. It goes without saying that no agency hires people who they know are corrupt. There are a multitude of reasons why agencies should â€Å"Weed out† bad recruits. Money is at the top of the list. All the training in which the recruit has to go through cost the taxpayers a lot of money. Many agencies have policies in which they hire only trained personnel so this cost can be eliminated. Selecting candidates which have already been on the job, shows supervisors a track record and therefor gives them more information. The use of the polygraph is a useful tool when â€Å"weeding out† candidates.. Training provides outstanding opportunity to make a anti-corruption plan work. It does this for a couple reasons. First training gets the message out with concern to standards. Second, this training allows the recruit to ask questions and to clarify his doubts about what is appropriate and what isn†t. Training is divided into two parts, recruit and in-service. The in-service training is a valuable tools because the recruit interacts with a seasoned officer and allows that recruit to ask questions about everyday events. The department must also watch the candidate for a probationary period of about six months. This programs is called the Field Training Officer (FTO) period. During this period of FTO the new recruit rides with a seasoned officer. Most agencies can release the recruit during this period for little or no cause. The department may also elect to send their recruits to a formal academic setting for training. This in turn will hopefully help the recruit in making the right decision when the question arises â€Å"Will I take it or won†t I? â€Å". The last stage of this three point training is investigation. This is the crucial elements to this whole program, without it everything else loses its ability to function. If the public knows the department will thoroughly investigate all reports of corruption, it will instill a confidence with the department. The investigation phase will most likely be conducted by the departments internal affairs unit. The IACP developed a model for departments to utilize. The first issue to be addressed is staffing. In small departments this could consist of only one person on a part time basis. In larger departments this unit could consist on many officers on a full time basis. If you are really concerned with the corruption within your department, you should consider having an outside agency investigate alleged corruption. This will ensure favoritism will not occur. Once you have decided with type of staffing is appropriate for your department, you should decide where in the department to place them. The best location for the unit to be is directly under the Chief. This will provide for a direct line of communication of the problems at hand. The Chief should provide a clear and definitive procedure for investigating alleged allegations of corruption. Theses procedures may include: 1. Handling all complaints quickly and impartially. 2. Explanation that the unit only handles facts, and doesn†t determine guilt of innocents. 3. Meticulous and accurate documentation is a must. 4. Responding to a crime scene immediately where an officer had to shoot a subject. In summary, police are human and have the same compulsions which others posses. This of course doesn†t excuse the corruption in the departments. When you think of corruption in the police field, remember that acts which are corrupt for one may not be corrupt for all. Every instance needs to be looked in to with great concern and objectiveness. If we don†t investigate every allegation we will loose the public trust and this will make it impossible to do the job effectively. How to cite Police Corruption Problems, Essay examples

Economic Principle for Comparison among Australia and Japan

Question: Discuss about theEconomic Principle for Comparison among Australia and Japan. Answer: Comparison of Economic Condition of China and Japan with Australia Australia is a mixed market economy with 1.8% growth rate in 2016. Service sector is holds major share in the economy of Australia. Mining sector has significant contribution in the GDP, and employment of the economy. Inflation rate is strictly controlled by the Reserve Bank of Australia and is kept around 2%. Unemployment rate is high in this country. On the other hand, Japan and China are rapidly expanding economies in the world economy. Japan is fourth largest country in the world in terms of purchasing power. Technological development, automobile manufacturing industry is main driver behind economic growth of Japan. Japan generally runs trade surplus compared to other advanced nations. Economic outlook of this country is stable compared to other developed and developing nations. China is the second largest GDP in terms of GDP. Manufacturing industry is the main driver of the economic growth of this country. It can be seen that global financial crisis and global economic slowdown has negatively affected the economy of China as Chinese economy is related to other economies through global trade, where as Australian economy has been remain relatively less affected by global financial crisis (weforum.org, 2016). China is fastest growing consumer market compared to Australia and Japan. Similar and Different Trends Figure 1: Comparison of GDP (Source: data.worldbank.org, 2017) China and Australia has started with similar level of GDP during 1990. However, during 1990s, Australian economy experienced recession and stock market collapse to slow the economic growth. During 1990-2004, Australian economy has grew only at the rate of around 1.7% (Data.worldbank.org, 2017). Chinese government emphasised on investment and industrial policy. The common aspect between China and Japan economy is development of manufacturing sector, where as Australian economy shifted towards service sector. Use of domestic resources, internal capital formation have important factor for the economic growth of China and Japan. Chinese economy surpassed Japanese economy in terms of GDP after 2009. Influencing Factors on the Economic Growth of the Nations Along with domestic resources, there are other factors such as development of human capital, depletion of natural resources, technological development are the factors for economic growth. Moreover, political stability, trade relations with other regional and global economies, capital flows, domestic infrastructure supporting for industrial and social development are necessary factors influencing the growth of the economy (weforum.org, 2016). Along with these factors domestic fiscal and monetary policies play important role in this context to boost up investment through change in interest rate, taxation. References Data.worldbank.org. (2017). GDP (current US$) | Data. Retrieved 24 May 2017, from https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=AUview=chart weforum.org (2016). The Global Competitiveness Report 20162017 https://www3.weforum.org/docs/GCR2016-2017/05FullReport/TheGlobalCompetitivenessReport2016-2017_FINAL.pdf