Original need for the Commerce Clause Research Paper

Original need for the Commerce Clause - Research Paper Example The original concrete programs that were targeted by the clause by giving Congress the authority to regulate commerce were, giving protection or subsidy to favored domestic merchants, restrictions on international trade and punishing foreign producers or imports. The cause was therefore adapted because of the need to nationalize tariffs on imports or state imposts (Gould, 1980). From this, it is evident that neither interstate commerce and trade with Indians was a significant issue in the clause’s original intend/debate. The often claims regarding the purpose of the clause is that it was meant to avert protectionist economic policies among all the US States and to launch common market characterized by free trade across the borders of all states. However, barriers on interstate commerce were not an issue in the original debates. As Johnson (2004) explains, the constitution was put down before Adam Smith with its meaning originating from the mercantilist tradition that existed then but free trade and laissez fair came to dominate the dominate economic thinking later on. Looking at the current description of the clause, it is clear that the Commerce Clause are not the proper descriptions of the original meaning and need of the

International Money and Finance Assignment Example | Topics and Well Written Essays - 2500 words

International Money and Finance - Assignment Example Wilson Cobbett Ltd during 1870s (Yahoo Finance 2007). With this humble beginning, the business organization has risen to become one of the world's recognized aviation companies capitalizing on its leading market position and strong growth potential. BBA Aviation reports annual sales of 1 million, employs approximately 10, 700 individuals, and operates in 11 countries. The company's major markets include the United States, Asia, the United Kingdom and Europe, while maintaining its headquarters in London, England (BBA Aviation Plc 2007). BBA Aviation Plc focuses on the provision of flight support services and aftermarket services and systems. The company's Annual Report 2006 states that it focuses on extending primary services such as "providing flight support to business and commercial aircraft at almost 150 locations worldwide; overhauling turbine engines together with the supply and repair of related components; licensing components from OEM s [Original Equipment Manufacturers] and assuming responsibility for their support in the Aftermarket; designing, manufacturing, and repairing of aircraft landing gear and hydraulic systems; and training pilots and the provisions of other services at Oxford airport." During 2006, BBA Aviation reports a total turnover of 950.1 million, 556.4 million (59%) of which is shared by its flight support division while the remaining 393.7 million (41%) is accounted for by its aftermarket services and systems (Annual Report 2006). Figure 1 further divides the company's total turnover in 2006 among its business units. Figure 1. Shares of Business Units in BBA Aviation's Total Turnover (2006, in million) III. The Global Aviation Market Armed with its commitment in the provision of excellent products and services to its customers and its cultivated expertise gained through its experience in the market, BBA Aviation is recognized as one of the leaders in the global aviation market. Based on the total value of its turnover in 2006, BBA Aviation's biggest market is the business and general aviation market which accounts for 65% of its total revenue. The company also captures a large share in the commercial aviation primarily on flight support as this segment provides 30% of its turnover. The business organization has a very limited presence in the military market which shares a meager 5% to its gross earnings (Annual Report 2006). Figure 2. The Markets of BBA Aviation (based on sales percentage) A. General and Business Aviation The company's operation in the general and business aviation market has been challenged by the historically high crude oil costs coupled with the rise in average retail jet fuel prices. Amidst these threats in the market environment, BBA Aviation Plc reports a generally "robust growth" as "business aircraft utilization recovered and remained strong" after the "temporary softening in flying hours during the early 2006" (Annual Report 2006). The business organization's outlook for this market segment is bright as demand for its products and services are expected to rise driven by "the continued growth of traditional corporate flight