Flint A History Of Economics Success And Failure

The events in Flint, Michigan are not extraordinary or surprising by any means. The occurrences, are not something that the world hasn’t seen, heard, read or experienced before. The water crisis in Flint has simply been displayed in another light. Flint has a history of economics success and failure. With time, the prosperity from dirty industrial innovation, fallen under the wrong administration and minds, has led to turmoil for those with silent voices in the political economy. As a highly impoverished town the citizens of flint have tried to scream against the industries and government who was meant to protect and lead flint out of turmoil, but these voices have only echoed into a hole of environmental injustice. Let’s begin with a brief summary of the events that lead to the crisis in Michigan. On April 25, 2016 city administrators decided to switch Flint’s water supply Detroit’s system to the Flint river (Lurie, 2016). After only a few months, residents began complaining about foul smells and serious health concerns, such as hair loss and severe rashes. On October 2014, general motors, the city’s largest source of revenue for decades, stops using municipal water due to its corrosive effects on auto parts (Lin, Rutter, Park, 2016). Despite multiple complaints and health concern reports, in March 2014, the Veolia consultant group did not report any significant finding of lead or toxic chemicals. (need info on child lead levels) On November 16 lawyers announce a classShow MoreRelatedGeneral Motors, The American Spirit, A Once And Future Symbol Of America s Success1149 Words   |  5 PagesAmerica’s success† (Harris, 2010). GM was founded in 1908 and attributes its period of Globalization to the 1980s and 1990s. In 2008, GM filed for bankruptcy during the financial crisis. Today GM has reinvented itself as a four-brand company including Chevy, Buick, GMC, and Cadillac. As an American brand, GM has transitioned through periods of Globalization including state-led globalization and Neoliberal Globalization, and struggles to maintain both global and domestic images. History FoundedRead MoreEssay about Hold Up Problem19245 Words   |  77 Pagesinvestments required by GM in a plant located near GM production facilities in Flint, Michigan. Vertical integration, with an associated side payment from GM to Fisher, was the way in which this contractual hold-up problem was solved. This examination of the Fisher-GM case illustrates the role of vertical integration in avoiding the rigidity costs of long-term contracts. I. Introduction damentally changed the way we look at economic institutions. Coase recognized that one must compare the costs of transactingRead MoreHistory of General Motors2793 Words   |  12 PagesHistory of General Motors The Renaissance Center in Detroit, Michigan, is General Motors world headquarters. General Motors Corporation, also known as GM or GMC, is the world s second largest car manufacturer based on annual sales. Founded in 1908, in Flint, Michigan, GM employs approximately 284,000 people around the world. With global headquarters at the Renaissance Center in Detroit, Michigan, USA, GM manufactures its cars and trucks in 33 countries. Their European headquarters is basedRead MoreThe Reform Era Of The Twentieth Century3615 Words   |  15 PagesIn the history of the United States, working men and women have attempted to survive the social, political, economic, and social changes from the eighteenth through the twenty-first centuries. In order to ensure their survival, these working people chose from a range possibilities to organize and strengthen within the restrictions and opportunities of political, structural, and cultural situations. This paper will prove that throughout the Antebellum period, the long nineteenth century, the reformRead MoreThe Effects of Globalizati on on Labor Relations in the Auto Industry in the 80s and 90s2855 Words   |  12 Pagesits power. The UAW was able to keep the companies in check because almost all of the automakers’ employees were union members. Today U. S. trade policies and the global economy give big corporations an unfair advantage over the unions. The UAW’s failure to keep up with the Big Three in the global market is rapidly diminishing the balance of power that once existed between the two collaborating adversaries and their ability to play catch up will be vital to the organizations survival. In order toRead MoreLiterature Review Supply Chain Management Essay5873 Words   |  24 Pagesdesign and structure of modern firms. The essay comprehensively reviews the components of supply chain management and their integration with functional areas within an organization. The information presented in this essay will also include the history, functions, future, and aspects of green supply chain management. This extension of supply chain management focuses on use of environmentally safe alternatives. It will conclude with an evaluation, critique, and recommendation for future researchRead MoreIbms Corporate Culture2877 Words   |  12 PagesEmployee 7 Atmosphere 8 Results 8 Summary 9 References 10 Abstract This is an analysis of the culture at IBM and the impact that it has had on their success. Corporate culture is significant in that it â€Å"influences the behavior of everyone within an organization and, if carefully crafted, can have a significant positive effect on organizational success† (Certo and Certo, 2006, p. 423). Louis Gerstner proved this at IBM during his tenure from 1993 to 2002 when he revived IBM by refocusing on theirRead MoreBuffalo Bill and Disney Essay2756 Words   |  12 Pagesthan seventy years after Buffalo Bill â€Å"taught† the history of the West to a curious nation, Disneyland embarked on a strikingly similar course. Relying on creative marketing, star appeal, the American fascination with all things western, and, most important, an exceedingly glib portrayal of history, Disneyland in a strange way completed the story that Buffalo Bill started in 1883. Although the eras, to be sure, were decidedly different, history was delivered in exactl y the same way. The west isRead MoreAnalysis of Life Cycle of Ibm4448 Words   |  18 PagesOF MBA (FULL TIME) SUBMITTED TO: Prof. Harismita Trivedi and Prof. Sari Mattila Submitted By: Group No. 43 Saurabh Shrivastava – 101143 Rohit Adukia – 101243 Roshni Kumar – 101343 Table of Contents 1. CURRENT SCENARIO 1 2. HISTORY OF IBM 2 2.1 The Origin of IBM 2 2.2 IBM’s Early Growth 4 2.3 IBM post World War II and rise of business computing 5 2.4 IBM’s near disaster 6 2.5 IBM’s Resurrection and Organizational Culture 8 3. LEARNINGS FROM THE COURSE AND HOWRead MoreStrategic Management Chrysler Introuble2564 Words   |  11 PagesChrysler continued to manufacture large vehicles and lose market share. Its product market was limited. Chrysler was restricted to the U.S. market alone and was unable to generate revenue in any other market. Chrysler management failed to anticipate the economic downturn and prepare accordingly. When the U.S economy faltered the company was unable to sell its vehicles and as a result lost half of their sales and revenue leaving the company bankrupt. Strategy formulation prior to the bankruptcy was ill conceived