friend Yali asked why whites had been so successful and arrived with so much "cargo" compared to the locals. Diamond rephrases this question: why did white Eurasians dominate over other cultures by means of superior guns‚ population-destroying germs‚ steel‚ and food-producing capability? Diamond’s main thesis is that this occurred not because of racial differences in intelligence‚ etc. but rather because of environmental differences. He wishes to play down Eurocentric thinking and racist explanations
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Tata Steel and Corus Deal Tata Steel Europe (formerly Corus)‚ a subsidiary of Tata Steel‚ last fortnight announced that it is restructuring its construction steel business‚ which will affect 500 jobs. This sent out another signal that Tata Steel is grappling with an acquisition which -at $13 billion- was too expensive and came at the wrong time. In 2007‚ the demand for steel was at its peak in Europe. A little over a year later‚ it plummeted‚ thanks to the economic meltdown triggered by the collapse
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In Guns‚ Germs‚ and Steel: The Fates of Human Societies by Jared Diamond is the response to a question Diamond had been asked by a New Guinean politician‚ Yali‚ in 1972. The question was‚ “Why is it that you white people developed so much cargo and brought it to New Guinea‚ but we black people have little cargo of our own?” This refers to the inequality between many different civilizations‚ quite like how Europeans developed great objects and wealth that they used to dominate over other societies
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case of Tata Steel acquiring Corus throws up several interesting questions on emerging multinationals and traditional multinationals in the steel industry and particularly the complexities of the acquisition in the above context. What has been surprising in the above case is that how could a small steel maker‚ Tata Steel from a developing country like India buy up a large steel company‚ Corus PLC from the United Kingdom. Prior to the acquisition‚ Corus was four times bigger than Tata Steel. However‚
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U.S. Steel (USS) is the largest integrated steel producer in North America and the largest in the United States. Headquartered in Pittsburgh‚ Pennsylvania‚ it can produce about 27 million tons annually. The world’s largest steel maker‚ Europe’s Arcelor‚ produces more than 40 million tons annually‚ while South Korea’s POSCO‚ the second largest‚ produces about 30 million tons. In fiscal 2003 U. S. Steel’s total revenue was $9.3 billion. Its third largest customer is the Ford Motor Company‚ an automobile
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“Why is there so much inequality in the world: where some societies have so much‚ while others have so little?” The word inequality is defined as “difference in size‚ degree‚ circumstances‚ etc.; lack of equality” In the video Guns‚ Germs and Steel Diamond explains why the world has a massive amount of inequality and some reasons why are animals being used as food‚ milk‚ clothing & etc.‚ animals being used as beasts of burden and useful plants. To begin with‚ one of the reasons why there is so much
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continents. He says that the remainder of the book is to discover those real reasons. In section two‚ chapter four‚ Diamond argues that superior food production was the root cause beneath the ability of Eurasia’s people to develop the guns‚ germs‚ and steel that conquered the rest of the world. First‚ a population that can produce more food can also produce more
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MACRO AND MICRO FACTORS AFFECTING THE STEEL INDUSTRY (TATA STEEL) The world GDP‚ as reported by International Monetary Fund‚ was on an upturn‚ growing by 5% in 2010 as compared to a negative growth of 0.5% in 2009. While the growth in the advanced economies was 3.0% in 2010‚in contrast to -3.4% in 2009‚ the emerging and developing economies grew by 7.3% in 2010 when compared to the growth of 2.7% in 2009. The growth in the developing and emerging economies slowed down during the end of 2010
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AK Steel Holding Corporation AK Steel (NYSE: AKS) has got a perfect start for 2016‚ with its shares gaining more than 83% so far this year. This strong momentum in the share price performance can be attributed to the recent rally in steel prices along with the strong financial and operating performance in the fourth-quarter of 2015. Steel prices shot up to the tune of 8% to 27% across the world in 2016. For instance‚ The United States HRB spot price rose by 10% to the current level of $466 per metric
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The article‚ Guns‚ Germs and Steel‚ written by Jared Diamond‚ is an argument about how and why things happened differently in history in different continents. It’s about looking deeper into why things happened the way they did. Why did western Eurasian societies become more powerful? What enabled these parts of the world to develop more quickly and in turn be able to conquer less developed societies around the world? The important message to grasp from this article is not about how certain continents
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