Introduction
The magnitude and functions of the Federal government have been dominant factors of consideration in the American Economic status for the last two decades. From a new study, it has been deduced that a quarter of the country’s GDP was assigned to the federal government.
Federal government spending has greatly amplified since the Second World War. It can be noted though that the federal administration has been resourceful in their input to improve the performance of the US economy. Some of the functions that the federal administration has carried out to contribute towards improving the economy include vital provisions to the government. These encouraging achievements though have been hampered by quite a number of negative features including overtaxation.
Welfare state department
The last two decades have seen the rise of inflation that has hampered the economy. It is yet to be predicted when exactly the inflation affects the market indicators. There was a time in the American Economy that the magnitude of inflation was declared to be a major setback, owing to the fact that the varying prices over the years were considered to be a result of a shift in cultural standards as opposed to economic influence.
The last two decades have seen inflation causing economic harm by limiting expenditure decisions. Inflation has painted a vague picture of the future as it leaves families and business ventures unsure of what to expect. The inherent tax code which is affected by inflation has in turn influenced the choices of expenditure (Samuelson and Solow 177-194).
The effects of successful educational strategies are not confined to academic achievements of minority and better rates for schools. Welfare state champions for effective educational strategies that are capable of promoting a significant impact on the American society. Increasing rates of enrollment in higher grade courses will result in an increasing number of qualified workers. An increasing number of professionals will in its turn positively affect the development of the American economy (Visco 1-12).
On January 8, 2002 President George W. Bush signed into law a reauthorization of the Elementary and Secondary Education Act, ESEA. By given the title No Child Left Behind (NCLB), educators attempt to narrow the achievement gap by linking the standards at schools to stringent accountability by the entire learning community. The Act requires states to adopt a high level of standards in order to educate all students regardless of their background.
The federal government stepped in to help close this gap by the so called The Economic Opportunity Act of 1964. The goal of the EOA was to provide federal money to local agencies and school systems to be used for early development programs for preschoolers who were socioeconomically challenged. After the Supreme Court case of Brown vs. Board of Education, the federal government funded a study to examine the progress made in educational opportunities for minority students.
The study they conducted is entitled Equality of Educational Opportunity, which focuses on the significant differences in academic achievement between economically advantaged White students and poor minority students. There is also an explanation on how family’s socioeconomic status plays a huge part in predicting citizens’ success within various sectors (Saleem, Hasan).
Some notable scholars and educational researchers have stressed out that the present educational discourses are pertinent in the attribution of a citizen’s underperformance beacuse of school, personal, and communal factors. Some of these notable influences might emanate from such factors as tracking, stereotype teacher characters, traits, as well as convictions.
Other factors that have been predominantly attributed to the notable academic performance of most citizens include the social class and society stratification influences, as well as major cultural dissimilarities observable between home as well as school. There has been a general observation that the general community can be best understood by considering attitudes toward academics and the willingness to succeed (Ball et al 1-55).
There is an increasing and overwhelming pressure for the notable investigators and practitioners within the education sector as well as all relevant stakeholders to consider the necessary community forces that are likely to stimulate and propel citizens’ performance. Community forces herein have been defined as particular ways in which the minorities interpret and respond to school going, their convictions as well as other traits that citizens from minority communities adopt.
Strategies are important because they would ensure achievement of set goals or objectives. The achievement of them would lead to ensuring the provision of value for the customers and creation of wealth. When considered closely, competitive advantage is another important construct in the area of strategy discipline (Visco 1-12).
Competitive advantage is therefore, a relevant element in the strategy discipline as it could be an ultimate goal why a firm would wish to employ competitive strategies in the first place. However, others are using the term competitive strategy differently from how Porter intends to use it for strategic thinking and innovation, with “different meaning in different context” (Visco 1-12).
In the middle of 1990s, the idea of competitive advantage existed in welfare state as a way of creating economic value in the midst of competing firms, trying to do some essential strategic actions. This is a relevant point proving that competitive advantage is only realized when a firm engages in a value-creating strategies that competitors do not consider (Visco 1-12).
However, the department does not include the possibility of this idea, in perticular, whether or not competitive advantage may be eradicated by the innovation of other firms, resulting to some total changes in the market space. This is another significant highlight raised in regards to the issue of competitive advantage in 2004 and 2005 as documented in Federal Reserve records (Visco 1-12).
Nonetheless, nowdays the combined idea of the classical view and the issues explicated in the early 2000s concerning the competitive advantage surfaced. The federal state highlighted this point, underlying the fact that competitive advantage is about pursuing strategy that competing rivals cannot duplicate, and should therefore leave no room for experiencing erosion of innovative strategies over time (Visco 1-12). For this reason, there are essential generic strategies, leading towards competitive advantages.
Competitive strategies used by welfare state to achieve competitive advantage have long been considered an essential topic in the business world, because whenever investors and stakeholders employ them, they have an opportunity to possess a strong position within the market, particularly, when they generate their competitive edge, create wealth, initiate product leadership as well as achieve financial and economic return.
They would have the chance to initiate intense force that at some point would try to create a remarkable impact on their prevailing competitors, rival firms and the new market entrants.
Works Cited
Ball, Laurence & Dean, Croushore. “Expectations and the Effects of Monetary Policy.” National Bureau of Economic Research Working Paper, 5344 (1995): 1-55. Print.
Saleem, Hasan 2008, How Outsourcing Affects the U.S. Economy. PDF file. 5th March 2013.<https://www.dirjournal.com/>
Samuelson, Paul & Robert, Solow. “The Analytics of Anti-Inflationary Policy.” American Economic Review. 5 (1990): 177-194. Print.
Visco, Ignazio. “Global Economic Integration: Opportunities and Challenges.” The Economist. (2000): 1-12. Prin