Wednesday, September 2, 2020

Customer Service and Design Alternative Courses free essay sample

Case 1. TECSMART ELECTRONICS Identify the issue: Formulate destinations: Design elective blueprints: Analysis of the ACA: a. focal points b. disadvantages Conclusion: Recommendation: Case 2. Can SIX SIGMA WORK IN HEALTH CARE? Distinguish the issue: New culturein the clinic Formulate targets:  · To have the option to make it simple to representatives and all staffs the new structure to be utilized.  · Design elective game-plans: Analysis of the ACA: a. points of interest b. disadvantages Conclusion: Recommendation: Case 3. TOYOTA MOTO CORPORATION, LTD. Recognize the issue: Losing quality items. Detail destinations:  · To have the option to consitently give quality items.  · To have the option to recapture quality edge. Structure elective approaches:  · Inspect each procedure in the creation framework to guarantee conveyance of value items to clients. Examination of the ACA: a. Favorable circumstances:  · High quality items.  · Customers fulfillment to items. b. Downsides:  · Costly  · Time-expending Conclusion: Toyota turned into its very own casualty achievement. As a result of its concentration in turning into the main automobile creator on the planet, it influenced its item quality. We will compose a custom paper test on Client care and Design Alternative Courses or on the other hand any comparable point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Clients started to confront wellbeing related issues in Toyota vehicles. Toyota had relinquished its incredible quality and overlooked its own administration standards and clients. Proposal: I would prescribe them to overlook their own pride in having their own standards and the board, in the event that it will lead them to a low quality items and unsatisfied clients. It is acceptable on the off chance that they would concentrate on giving quality and consistently lead an examination before parting with items to client to guarantee quality. Case 4. THE NIGHTMARE ON TELECOM STREET Identify the issue: Inefficient client support framework. Detail goals:  · To have the option to improve cutomer administration experience.  · To have the option to offer quality assistance to clients.  · To have the option to offer productive assistance.  · To have the option to give quick exchange. Plan elective strategy:  · Recreate the client assistance framework  · Hire extra client care delegates to engage calls Analysis of the ACA: a. Points of interest:  · Customer fulfillment to proficient help.  · The more the employess, the more people can encourage clients need to engage their requirements and concerns. b. Disadvantages:  · More expense is carried by the firm.  · Time-devouring. End: In request to fulfill clients should be engage, the firm is in a need of new workers. As a client myself, I likewise get pissed of to frameworks like this since it is very tedious. Suggestion: I would energetically prescribe to enlist more representatives all together for the clients should be engage earnestly and productively. On the off chance that it is conceivable to change the framework, it is greatly improved.

Saturday, August 22, 2020

Neoliberal Globalization Essay

In the article â€Å"Neoliberal Globalization† by Dan Clawson, the writer fought that the backers of neoliberalism attempted to incorporate this into globalization. He said that they are constantly endeavoring to make approaches ideal for companies’ benefits. Lamentably, these don't make comparing advantages and remunerations to its laborers that trigger work emergency in the United States. Clawson further contended that neoliberalism ought not be misjudged as an unavoidable marvel to went with globalization. Take for instance the web. Since the web is a â€Å"powerful force† that associates individuals in a single locale to the world, it is additionally considered as the best donor in globalization. So as to exploit, organizations today attempted to adjust a neoliberal point of view on the utilization of the web to make more benefit for themselves. All things considered, the web is for everybody on the planet †regardless of whether an individual has riches and influence or not. What's more, the idea of globalization of the web is altogether different from the point of view of the World Trade Organization (WTO) on globalization. Their conviction is to create most benefits for business, causing them a deep sense of intrigue. The neoliberals accept that the their rendition of globalization has created numerous benefits and has made people well off. Truly, organizations these days are in fact making more benefit than before in view of neoliberal techniques. Be that as it may, the riches has been conveyed inconsistent; at the end of the day, riches has been moved in certain specialists. Clawson exhibits this off-base contention of neoliberals by giving two diverse economy periods specifically, the government assistance state and the neoliberal state. Clawson’s contention addressed why the normal family salary during the government assistance state period was multiplied contrasted with the moderate increment during the neoliberalism time frame, given that the neoliberal arranged economy carried success to the state. There was a noticable increment in pay during the later period, yet these increments were made by ladies laborers and for the most part disseminated to the top individuals in the business. The Neoliberal adaptation of globalization has then brought about the ceaseless hole augmenting between the normal specialists and the top officials. With this, how does neoliberal globalization harm our economy? The harms are not kidding and gathered in the common laborers populace. The more global exchange develops, the higher pay disparity becomes. This makes more individuals lose their positions in view of the companies’ choice to migrate to different nations to reduce expenses. A considerable lot of them move their assembling occupations to China and the administration area employments to India. This is the fundamental motivation behind why a large portion of the items we profit are from China, and the adjusting employments are in India. These are reasons for the companies’ scaling back and the expanded joblessness. Clawson proposed a few answers for the neoliberal type of globalization. He said that if the laborers framed an association, the capital would be controlled, and there would be an abatement in the movement. I concur with this considering Clawson. Annulling the unlimited rights enterprises have in migration is a powerful method to keep up the workers’ rights. Tragically, the procedure was more confounded than what Clawson recommended. Another option was the guideline of work conditions through associations, for example, the United Nations or the WTO. Clawson recommended that WTO should concentrate more on the workers’ rights and condition, and not just the organization benefits. WTO was built up to secure hierarchical benefits. On the off chance that the option to control work condition is conceded to the WTO, there is a likelihood that the WTO work well to create corporations’ benefits. Clawson’s neoliberal adaptation of globalization brought labor’s emergency in the United States. He exhibited these by giving many case models. Be that as it may, his proposition didn't address potential impediments, which may follow because of those arrangements or during the time spent defining those arrangements.

Friday, August 21, 2020

Effects of domestic violence domestic abuse on women and children Essay Example for Free

Impacts of abusive behavior at home local maltreatment on ladies and kids Essay 42% of ladies and 20% of men supported minor wounds, for example, scratches, wounds, broken bones or pregnancy confusions (Cathy Meyer, 2016). The aftereffect of household misuse has long haul physical impacts including stomach related issues, hypertension or skin issue (www.liveabout.com 15/11/17). Relatives, particularly youngsters, can encounter the physical impacts of misuse despite the fact that they have not been hurt or contacted. They can whine about stomach throbs, cerebral pains and could encounter sporadic solid discharges and wet the bed. Numerous ladies who have been mishandled think that its hard to focus on their day by day enacts due with the impacts of residential maltreatment as they are continually anxious. On the off chance that an individual is encountering local maltreatment this can be physical just as passionate and in the event that the maltreatment is consistent, at that point customary medical clinic visits and rest days will be required for a recuperation if the individual has a vocation three day weekend will be required and too many could prompt the individual in the end being let off. At the point when youngsters experience abusive behavior at home once in a while they feel confounded or it’s their deficiency. In the event that the brutality or contentions happens around evening time, it tends to be very diverting for the kid to have the option to rest as they are continually hearing the maltreatment given. This could influence their training as they will be worn out and have poor focus, influencing progress. Local maltreatment will affect the victim’s passionate wellbeing as it causes them to feel a scope of feelings, for example, uneasiness, low confidence, self-destructive contemplations or could cause a post-awful misery which incorporates undesirable flashbacks , bad dreams or wild considerations (www.joyfulheartcondition.org). Kids who are presented to aggressive behavior at home in their home could create nervousness, dreading they may be left with the harsh parent who will at that point take their maltreatment out on them. Wretchedness is likewise a feeling that a great many people will understanding as they feel defenseless and feeble. This is known to be increasingly basic in young ladies as young men will in general carry on with animosity. Alisha Dixon, in the BBC Documentary â€Å"Don’t Hit My mum†, numerous youngsters feel coerce that they couldn't forestall the maltreatment. Youngsters might not have any desire to go out in the event that their parent i s hazardous. I discovered proof to back this is on saying kids will become tenacious and not have any desire to leave mum or father and they believe they have a duty regarding to secure them. When in a residential rough relationship, it is realizing that the accomplice will attempt to control the different person’s life by continually recognizing what they are doing and convincing or telling the casualty they can't go places when they truly need to go. This will influence their relationship with family or companions making the casualty never observe them in the long run driving them into segregation. Other social conduct incorporates forceful conduct and poor social aptitudes, which means they couldn't make any companions as their social abilities are poor. Deprivation An individual biting the dust near you is hard both on grown-ups and kids. They can encounter indistinguishable emotions from they are experiencing very similar things anyway somebody who is of a more seasoned age might have the option to manage the impacts in an increasingly developed way, they will find that their vitality levels will be exceptionally low as they will have an inclination f deadness inside them. On the off chance that their vitality is low, they won't go out and do day by day exercises which could lead them to stress and uneasiness. Managing passing and not every person likes to associate with individuals particularly not in a work or school condition. This implies they will be passing up significant days in work or school making them fall behind structure up more pressure and tension that rendition needn't bother with. At the point when individuals depict losing a friend or family member they as a rule portray their self as being numb. Which is a typical safeguard component of the brain to help you from being overpowered with feelings? Others may encounter blame or uneasiness

Friday, June 5, 2020

Research Of Working Capital Management And Profitability Finance Essay - Free Essay Example

Average collection period is formulated by dividing accounts receivable by sales and multiplying by the number of days in a year (365). It is the average number of days which a firm manages to collect its outstanding debts from customers (Garcia-Teruel Martinez-Solano, 2007). According to Lazaridis and Tryfonidis (2006), acerage collection period is one of the components to measure the cash conversion cycle which is manageable to maximize the profitability and improve firms growth. In Raheman and Nasr (2007) research adaptation, the correlation analysis between average collection period and net operating profitability shows a negative coefficient. This means that if the average collection period increases, it will lower the profits in return. However, the Pearsons correlation proved there is a strong positive relationship between average collection period and cash conversion cycle. Most profitable firms are observed to have a shorter period of collection period (Deloof, 2003). These same firms a re also larger in size, have higher sales growth and lower debt financing. Further research done by Garcia-Teruel and Martinez-Solano (2007) had its result consistent with Deloof (2003) finding. They had agreed that elongate the deadlines for customers to repay their payments may project greater payment facilities, but would negatively affect the profitability of a firm. Sales may also be increased due to the leniency of firms collection policy. To increase cor porate value, a high quality accounts receivable portfolio could be created, safeguarded and realized through effective credit management. This is due to heavy investments in accounts receivable by larger corporations. Hence, Pike and Cheng (2001) felt it is important to control the credit management policy and practices choices in order to maximize value. The lower the investments placed on accounts receivable, the more reduction in interest costs, hence, a respectable increase in earnings (Milling, 1991). Besides that, there is a close relationship between sales growth and the level of current assets (Kim, Rowland Kim, 1992). The example given was that the increment in credit sales will lead to higher inventories and accounts receivable. It is unavoidable to invest in current assets in that matter. According to Deloof (2003, p.584): An alternative explanation for the negative relation between accounts receivable and profitability could be that customers want more time to assess the quality of products they buy from firms with declining profitability. Schwartz (1974) debated that firms that are able to obtain funds at lower cost would offer trade credit to firms facing higher financing cost through finance-based models. Emery (1984) was able to conclude that investments in trade credit are a much better option for short-term investment than market securities. The advantage of trade credit can be spontaneous and exist without formalities, but the limitation is that it is available for goods and services only (Hossain Akon, 1997). Inventory Turnover on Profitability Zero inventory and Just-in-time manufacturing had been a popular inventory management practices (Reynolds, 1999). In much simpler terminology, inventory turnover means the cycle of using and replenishing goods. According to Reynolds (1999), inventory turnover analysis has major importance because inventory management directly impact operations profitability. This analysis serves as a measure of firms efficiency and profitability. Inventory turnover analysis can assist financial managers in recognizing problems and can help reduce associated costs. Average Payment Period on Profitability Companies of different sizes (small, medium and large) are now taking longer time period to repay their debts (Anonymous, 2005). The same author also mentioned that was affected due to larger companies imposing longer payment terms on their suppliers, who are usually not in a position to choose. Companies in a lower part of the chain would face cash flow problems as companies on the upper chain wait for payment before they pay their suppliers. Cash Conversion Cycle on Profitability The cash conversion cycle is able to capture the impact of an effective working capital management policy, which are due to the effects from turnover of receivables, inventories and payables. The function of cash conversion cycle is defined by Jose, Lancaster and Stevens (1996, p.34): The CCC measures the time between cash outlays for resources and cash receipts from product sales. The CCC is dynamic in the sense it combines both balance sheet and income statement data to create a measure with a time dimension. Richards and Laughlin (1980) consequently operated this concept by measuring the number of days funds are committed to receivables and inventories and less the number of days payments are deferred to suppliers. Shin and Soenan (1998) are able to prove a strong correlation between cash conversion cycle and profitability. Even so, they used a substitute of cash conversion cycle called the net trading cycle. Using this cash conversion cycle, also known as cash-to-ca sh (C2C), companies could establish a point of reference for inter-firm comparisons. Besides improving profits earned, companies could obtain overall efficiencies and balance supply chain operations (Hutchison, Farris II Anders, 2007). Regional United States of America According to a research done by Kim, Rowland and Kim (1992), it was about the implications of working capital management practices by Japanese manufacturers in the US. This study is to determine the objectives of working capital management by Japanese manufacturers in US and to identify options for funding. As Japans foreign direct investment in the business expansion of US has increased rapidly, therefore, it is important to manage the firms working capital well. International working capital management has significant importance as total assets and liabilities of multinational corporations consist of current assets and short-term liabilities. There are few differences in financial structure between the US companies and Japanese manufacturers: Japanese firms rely more on banks short-term debt. Japanese firms project a lower level of net working capital. Japanese firms operate with about half as much equity as US firms. Japanese firms hold twice as much in long-term investments as US firms. Japanese firms reported lower inventory level; more accounts receivables and twice as much cash as US firms. Questionnaires were sent out to Japanese manufacturing companies operating in US. Executives from these Japanese-owned firms perform this survey to determine the companys working capital policies and practices. The data reverted back to researchers show that Japanese firms rated the most important objective of working capital management is to be providing current assets and liabilities in support of anticipated sales, while minimizing investments in current assets being the least important. Moreover, most of their short-term financing were sources from Japanese banks. In 1996, Jose, Lancaster and Stevens performed a research on the relationship of corporate returns and cash conversion cycle. This study examined the long-run equilibrium relationship between a measure of ongoing liquidity needs (cash conversion cycle) and measures of profita bility. Data collected were from the annual Compustat tapes, which covers the twenty-year period starting from year 1974 to 1993. There are altogether 2,718 firms which have complete data required. The variables were tested using nonparametric and multiple regression analysis, with the industry and size variable controlled. Richards and Laughlin (1980) and Emery (1984) had noted the constraints of using traditional financial ratios and believed in the liquidity management measures to reflect the ability of firms meeting their short-term financial obligations. Return on assets (ROA) and return on equity (ROE) measures are also included in this study to separate asset management and financing influence. Jose, Lancaster and Stevens concluded that there are key findings for ROA and ROE. These asset management returns and levered returns revealed an increase in performance and benefits. Shin and Soenan (1998) did a study to test the efficiency of working capital management to creat e profitability. They used a Compustat sample of 58,985 firms covering the period 1975 1994. The relationship between the length of net trading cycle, corporate profitability and risk-adjusted stock return was examined. Net trading cycle could be computed as below: Net Trading Cycle = (Inventory Turnover + Average Collection Period Average Payment Period) x (365 / Sales) The outcome of the study shows strong negative relation between the length of firms net trade cycle and profitability. They also considered that working capital efficiency increases profitability; there will be a negative relationship between net trading cycle and stock return. The examination of this relationship is done using the correlation and regression analysis, by industry and working capital intensity. In their study, it is mentioned that working capital is a result of the cash conversion cycle. Gentry, Vaidyanathan and Lee (1990) developed the weighted cash conversion cycle, which scales the timi ng by the amount of funds in each step of the cycle. On the other hand, Deloof (2003) said that this method could not be used due to incompleteness of information available for calculation. Liquidity ratios, such as current ratio and acid-test ratio, could not measure the working capital management efficiently due to reasons that these ratios include calculation of assets which are not readily available to be converted into cash and the ratios ignored the timing of cash conversion (Shin Soenan, 1998). In all, maximum working capital efficiency is an essential factor of total corporate strategy to create shareholders value. A research was done on the international working capital of multinational corporations by Dr. Hadley Leavell from Sam Houston State University. His journal was published in 2006. To enhance profitability of multinational corporations, Ricci and Di Vito (2000) suggested reducing the floating costs of time value, losses on outstanding accounts receivables, tr ansaction costs and foreign exchange conversion costs when moving cash between countries. However, the difficulty to overcome regulatory and geographical barriers may lead to a loss of control and payment regulations placed on cross-border cash concentration to maximize profitability. Regional Europe In year 2003, Deloof investigated the relation between working capital management and profitability of a sample 1,009 large Belgian non-financial firms between years 1992 1996. The cash conversion cycle was considered as the comprehensive measure for working capital, whereas gross operating income is the measurement for profits. There is the weighted cash conversion cycle modified by Gentry, Vaidyanathan and Lee in 1990, but was not applied by Deloof because of the limited information availability. Deloof related the correlation and regression analysis to his research to prove that there is a relationship between working capital management and profitability. Another research done in Europe is by Lazaridis and Tryfonidis in year 2006. They investigated the relationship between working capital management and corporate profitability of a sample of 131 companies listed in the Athens Stock Exchange. Data was collected from year 2001 2004. In this research, profitability was m easured through gross operating profit and cash conversion cycle. Lazaridis and Tryfonidiss research also established that larger companies are cash-management-focused with more credit sales, which led to cash flow problems. Smaller scale firms are more focused on stock management and credit management. Similar to Deloofs (2003) research, the cash conversion cycle is used to describe the effectiveness of working capital management in this study. Regression analysis used in this research showed a negative relationship between cash conversion cycle and profitability. Garcia-Teruel and Martinez-Solano (2007) were involved in a research to provide evidence about the effects of working capital management towards to profitability of Spanish small and medium-sized (SME) enterprises. Many previous researches are focused on larger form of firms. They collected a sample of over 8, 800 SMEs which covers the year 1996 2002 from the AMADEUS database. The selection was done in accordance t o the requirements by Europeans Commissions recommendation on the definition of SMEs. In fact, the current assets and current liabilities of their sample of SMEs proportion is the majority of total assets and liabilities available to the firms. They used the cash conversion cycle to measure the profitability of the firms on their research sample. Their study was supported by Deloof (2003), confirmed that firms can improve profitability by lowering outstanding accounts receivables and payables and inventories. A univariate analysis was conducted to determine differences in variables, followed by a multivariate analysis to determine working capital management on corporate profitability. Return on Assets ratio was set as the dependent variable to establish profitability. In the correlation matrix used, they found a negative relationship between their dependent variable (return on assets) with the number of days accounts receivables, days of inventory and days accounts payable. They con firmed that by shortening the cash conversion cycle, firms could improve profitability. Regional Others Hossain and Akon (1997) did a case study on financing working capital of Bangladesh textile mills corporations. This case study covers 40 public sector textile units under the ownership and administration of Bangladesh Textile Mills Corporations. The study covered a period of twelve years from 1982 1993. According to Hossain and Akon, well-known economists believed that current assets should be considered as working capital as the whole of it helps to generate profits. In their study, it shows that a vast amount of short-term finance was used in financing fixed and current assets to the extent of 100 percent. This caused a lower capability to earn profits, but increases the risk of insolvency. The aggressive working capital financing (using short-term funds to finance fixed assets) should be tamed in Bangladesh textile mills corporations to maximize profits, by resorting to long-term funds which are less costly. Methods used to test their hypothesis are through regression analy sis and comparing the calculation of financial ratios. Raheman and Nasr (2007) had done a research to prove the relationship between working capital management and profitability of Pakistani firms. A sample of 94 firms listed on Karachi Stock Exchange was selected. Firms are listed for a period of 6 years from 1999 2004. It was mentioned that an excess of current assets could lead to a firm realizing its return on investment. However, it was proven otherwise if firms have a shortage of current assets (Horne Wachowicz, 2000). The measurement of profitability used by Raheman and Nasr is the Net Operating Profitability. They used the regression analysis to assess their hypothesis. Their study includes data of regression analysis of cross-sectional and time-series data. The pooled-regression (constant coefficient models) type of panel data analysis was applied. They believe that increase in the cash conversion cycle would lead to lower profit generation (Shin Soenan, 1998; Delo of, 2003; Lazaridis Tryfonidis, 2006; Garcia-Teruel Martinez-Solano, 2007). Summary of Literature Review Author (Year) Market (Region) Evidence of Findings Kim, Rowland and Kim (1992) Japanese Manufacturers in US (USA) Objective of working capital management is to be providing current assets and liabilities in support of anticipated sales. Jose, Lancaster and Stevens (1996) Compustat (USA) Key findings in asset management returns and levered returns. Shin and Soenan (1998) Compustat (USA) Relationship between the length of net trading cycle, corporate profitability and risk-adjusted stock return. Leavell (2006) Multinational corporations (USA) International working capital and multinational corporations. Deloof (2003) Belgian non-financial firms (Europe) Application of cash conversion cycle. Lazaridis and Tryfonidis (2006) Companies listed on Athens Stock Exchange (Europe) Larger companies are cash-management-focused, Smaller firms are more focused on stock management and credit management. Garcia-Teruel and Martinez-Solano (2007) Spanish SMEs (Europe) Effects of SMEs working capital management towards its profitability. Hossain and Akon (1997) Bangladesh (Asia) Financing Bangladesh textile mills corporations. Raheman and Nasr (2007) Karachi Stock Exchange (Asia) Working capital management of Pakistani firms and its profitability. Table 2.1 Summary of Literature Review Conclusion Working capital is about establishing optimum liquidity position by effectively managing resources invested in day-to-day operations of the business. After studying the journals and researches done, it can be concluded that liquidity and profitability of firms was affected by the components and working capital management measures (accounts receivable, inventory and accounts payable).

Sunday, May 17, 2020

Comparative Perspectives On Concepts Of Gender, Ethnicity...

Taili Mari Tripp’s essay Comparative Perspectives on Concepts of Gender, Ethnicity and Race articulates that within different countries exists two opposing types of feminism Difference feminism and Equality feminism. Tripp places each type of feminism in the context of different countries to measure their effectiveness and compatibility with the pre-existing political landscape and cultural attitudes. Difference feminism refers to a type of feminism that subverts ethnic, racial, and political differences in order to achieve a common agenda. Whereas Equality feminism, supposes that equality of both the genders individually is necessary for true equality. To support the dichotomy perpetuated by Tripp in her comparative analysis of Difference and Equality feminism, Tripp alludes to case studies and political events that were integral to feminist movements within particular countries. Tripp uses examples of peace negotiations in several African countries and the Ellen Johnson Sirleaf campaign in Liberia, to articulate the merits of political motherhood, a concept ingrained within Difference feminism. Moreover, Tripp uses a sociocultural analysis of Bolivia and various African countries to prove the existence of complementarity of gendered spheres of influence and gender roles within Difference feminism. Conversely, Tripp uses examples of the US Declaration of Independence to illustrate the political climate of the US that necessitated Equality feminism over Difference feminism.Show MoreRelatedStudent Athletes s Academic Self Concept And Academic Identity1144 Words   |  5 Pagessought to address and understand how the â€Å"dumb-joc k† stereotype influences a student’s academic self-concept and academic identity. Student-athletes have multiple identities while in college which can be influenced by stereotype threat. 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Indeed, some economists claim that intercultural communication is no longer relevant to countries while others believe that it is still significant for the entireRead MoreNcr Case Analysis : Ncr Corporation1262 Words   |  6 Pagesbelieve in understanding and respecting differences among all people. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, culture and physical ability. Every individual at NCR has an ongoing responsibility to respect and support a globally diverse environment. References: Tayeb, M. H. (2005). International human resource management: A multinational company perspective. New York, NY: Oxford University Press. ISBN: 9780199258093. Beer, M., SpectorRead MoreAchieving Multiculturalism Within the Classroom Essay examples2189 Words   |  9 Pagesan individual’s class, ethnicity, race, as well as the determination of the student themselves. 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Wednesday, May 6, 2020

The 2nd Reich in Germany Rivaled Britain as Superpower of...

In 1871 the nation of Germany formed under the 2nd Reich. Soon after this German nation would begin rivaling the superpowers in Europe of the time. By the beginning of the 20th century, Germany under the leadership of its kaiser would challenge the British Empire for the top power in Europe. In 1914 Germany would throw its self into a war which would end in chaos for its people. The following years after brought hardships that would strike the new Weimar Republic, creating a breading ground for extremists groups. These extremist groups came from both ends of the political spectrum, and were able to push their ideas based on the fears of the middle and upper class, and the strife of the down and out working class. The party that would†¦show more content†¦The Second Reich was a militaristic society that taught order and obedience. Growing up in a militaristic society the average German was taught that to be a good German was to be a good soldier. With ideals like this it was easy for the military to gain favor among the masses. The military expansion was also used as a tool for power, glory, and expansion. Wilhelm II wanted Germany to have a policy of weltpolitik, or for Germany to be a world power. To do this he realized he needed a strong navy to colonize abroad. He sold the navy building as a national project that would benefit all Germans. By doing this he helped instill a stronger sense of national pride in the German people. He also wanted a possible expansion out east. The Naval League and the Colonial League were lobby groups created to pitch lebensraum to the people and push the naval project. Wilhelm II also thought about expanding east which would involve taking part of Russia. This part of his plan would be completed when the Russians dropped out of WWI due to revolution, all though the treaty to take this land wouldnt last long. By instilling extreme nationalism into the German people, the average German was on board with plans for nati onal power and expansion. During the time of the Second Reich attitudes of race and antisemitism started to flare in Germany. Racial overtones began to develop in Germany due to science. ThisShow MoreRelatedOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagescenturies are almost invariably years of little significance. But there is little agreement over when the twentieth century c.e. arrived, and there were several points both before the year 2000 (the collapse of the Soviet Union, the reunification of Germany, the surge of globalization from the mid-1990s) and afterward (9/11, or the global recession of 2008) when one could quite plausibly argue that a new era had begun. A compelling case can be made for viewing the decades of the global scramble for

Tuesday, May 5, 2020

Theory of Mille and Modigliani Free-Samples Myassignmenhelp.com

Question: According to Miller and Modigliani Capital Structure Choices affect a Companys real Investment Policy. Evaluate this Statement from a Modern Business Perspective with reference to relevant Academic Literature. Answer: Introduction The report presented below is on the basis of the study made for the capital structure of the company. The discussion of the structure that should be adopted by the company for better decision making in the investment policies is done. It is divided into three parts. The first part shows the concept of the term capital structure, the importance of debt-equity ratio, and the use of the same. The next part explains the ancient theory of capital structure presented by Miller and Modigliani is explained. It is explained that how the theory was made on some assumptions that are not relevant in the business environment in todays scenario. The comparison of the theory and the current working situations is discussed in the next part of the report. How is proper capital structuring required for better working of a company is explained in this part of the report. The report covers the possible aspects of explanation along with ancient theory of capital budgeting and its importance in the inves tment decision made by the companies. Concept Every company needs funds to grow over all and to incur their operational costs. Various funds are encouraged to raise these funds. The process of raising funds is different in different companies. The fund rising could be done by different combinations of equity share capital or debts. If the company opts the equity base revenue generation than the retained amount would be distributed proportionately to the shareholders by the way of dividend. If the company has a capital structure in which they had borrowed money from market then first preference will be of the repay such outstanding monies then the remaining amount is distributed among the shareholders (Andrikopoulos, 2009). According to the research made, it was observed that when the company opts for a ratio in which the proportion of debt is more than equity then the growth of the company will be maintained up to a certain level and after that the a point will come where the borrowing have to be included in the cost of the company and this will at the end reduce its market value. In the current scenario, considering the various expenses, it was suggested to invest the money that is borrowed from the market and retain its own money for further diversification (Yang, Chueh and Lee, 2014). Miller Modigliani theory of capital budgeting The theory of Miller Modigliani was given by two experts in the year 1950. This theory was based on the working conditions and assumptions of a perfect market scenario around. Certain assumptions which were a part of it are: No taxes paid by the companies There is no transactional cost in the buying and selling of the goods and services. There is no bankruptcy cost. There is similarity in the information that is available with the companies and investors. This means that the investors had complete knowledge of the internal affairs of the companies and will take the investment decision accordingly (Wong, 2015). The cost at which the borrowing are made from the market is same for everyone, be it a company or an investor (Brusov et al., 2011). The earnings before the interest and tax will not be effected by the capital structure in which there is more of debt ratio. According to them the valuation of any company is not relevant to capital structure. The theory further says that the company value is not dependent on what type of capital structure is opted. In fact if the company has higher growth vision and prospects the market value would be high. More shareholders would be attracted for investments (Cheng and Weiss, 2012). The theory worked on two propositions: It is observed in this theory that the market value of the company is not affected by the capital structure it applies. As there is an assumption that there are no taxes the structure of the company is of no use for the valuation. In a capital structure where the debts ratio is more than the equity, the risk of the equity holders increased which in return decreases the cost of debentures (Hung and Lin, 2014). Comparison with the current business perspective: It is discussed in the report that the theory of Miller Modigliani was based on some assumption which is not feasible in todays scenario. The working conditions now, make the theory irrelevant to be practically applied. The capital structure plays an important role in the investment decision of the company. As the capital structure makes the funds available for the companies for further investments. The debt equity ratio is to be properly maintained by the company (Lam, Zhang and Lee, 2013). If the company is debt oriented then arrangements have to be made to borrow the monies from the market at a reasonable rate of interest. The earning made from the application of the monies borrowed will be used first to payback the borrowed money. The situation of no tax, no transactional cost, no bankruptcy cost does and various other assumptions of the theory not exist in todays working environment. Hence, the theory stands irrelevant in the current working preferences (Magni, 2010). The capital structure is important to analyse the valuation of the company in the market. Conclusion During the research of for the preparation of the report it was observed that a structure which make the company capable of raising funds for investments from the available sourced is to be proportionately managed. The company can do the same opting for an equity oriented structure where the money invested in the operational cost is of the shareholders of the company, or can borrow the same from the market as well. It is also observed that in todays scenario the theory of Mille aad Modigliani stands irrelevant as the assumptions does not prevails today. The concept of which the theory was built cannot be practised in the business working preferences today. References Andrikopoulos, A., 2009, Irreversible investment, managerial discretion and optimal capital structure. Journal of Banking and Finance, vol. 33, no 4, pp 709-718. Brusov, P., Filatova, T., Orehova, N., Brusova, N., 2011, Weighted average cost of capital in the theory of ModiglianiMiller, modified for a finite lifetime company. Applied Financial Economics, vol. 21, no 11, pp 815-824. Cheng, J., Weiss, M., 2012, Capital Structure in the Property-Liability Insurance Industry: Tests of the Tradeoff and Pecking Order Theories. Journal of Insurance Issues, vol. 35, no 1, pp 1-43. Hung, Chen, Lin., 2014, The relationship with REITs and bank loans: Capital structure perspectives. Finance Research Letters, vol. 11, no 2, pp 140-152. Lam, S., Zhang, W., Lee, R., 2013, The Norm Theory of Capital Structure: International Evidence*. International Review of Finance, vol. 13, no 1, pp 111-135. Magni, C., 2010, Residual income and value creation: An investigation into the lost-capital paradigm. European Journal of Operational Research, vol. 201, no 2, pp 505-519. Wong, K., 2015, A regret theory of capital structure. Finance Research Letters, vol. 12, p 48. Yang, G., Chueh, H., Lee, C., 2014, examining the theory of capital structure: Signal factor hypothesis. Applied Economics, vol. 46, no 10, pp 1127-1133.

Sunday, April 19, 2020

Napolean Bonaparte Essays (484 words) - Napoleon, French Emperors

Napolean Bonaparte Napoleon Bonaparte ? French Revolution Napoleon was the cure of the French Revolution when he came to power. It would be impossible to put them together. From what was chaos throughout France during the Revolution, came a new government that Napoleon created. He was able to balance the government's budgets and setting up national banks thus helping and supporting the economy of France. He was fair and allowed those who fled during the Revolution, to return, as long as they didn't affect him. He was able to receive support from the Bourgeois since he promoted officials depending on how they did in the job. Thus, the people stopped revolting and it would no longer retain the name Revolution to it. Napoleon was able to strengthen France from their weak states during the Revolution. He was able to invade and conquer much of Europe in which he added to his ever growing empire. He won most of the battles by defending his own people. He made blockades stopping his enemies and all their supplies. So, he was able to keep France safe while attacking and conquering other countries, showing how strong of a leader he was. When Napoleon was doing such feats, France was having the most power it ever had. No one was revolting against that. Napoleon created the Napoleonic Code, giving the country a simple set of rules to follow. It abolished the estate system. This was one of the main points of actually revolting so the people were obviously satisfied with Napoleon when he took office. But these laws still kept Napoleon powerful but the people had less liberty. Even though, their liberty was limited a majority of the French people were satisfied with the abolishment of the estates. If the people were satisfied, then a Revolution while Napoleon was in power, would be pointless. Napoleon was able to control his empire. Napoleon's empire did have a few problems like guerrillas kept attacking Napoleons army, but Napoleon, for the most part, was able to keep this chaos at a minimum. He took charge over his empire since he was the emperor. After Napoleon, no true revolts, if any, were strong enough to knock him out of power. He was such a strong leader that his fall was only because of his own mistake. Napoleon was an Emperor who mended France during the French Revolution and made the government the way that the people preferred it, for the most part. The main reason the French Revolution started was because of the government being unfair to the 3rd estate. Napoleon was able to fix the problem up and from that, France became prosperous. Although he didn't encompass the idea of liberty, he did satisfy the people with equality and fraternity. The French Revolution destroying the Old Regime which allowed Napoleon to reconstruct what was left from it for the good of the people. Bibliography n/a History Reports

Sunday, March 15, 2020

Managing people

Managing people AbstractThe history of managing people has reflected prevailing beliefs and attitudes held in society about employees, the response of employers to public policy (for example, health and safety and employment legislation) and reactions to trade union growth. In the early stages of the Industrial Revolution, the extraordinary codes of discipline and fines imposed by factory owners were, in part, a response to the serious problem of imposing standards of discipline and regularity on an untrained workforce. In the 1840s common humanity and political pressure began to combine with enlightened self-interest among a few of the larger employers to make them aware of alternative ways of managing their workforce, other than coercion, sanctions, or monetary reward. Theorists also suggest that the ways in which organisations choose to manage their employees are in a state of transition. Labour management practices have assumed new prominence in the 1990s as concerns persisted about global compe tition, the internationalisation of technology and the productivity of workers.English: Watt's steam engine at the lobby of the H...It is argued that these market input push work organisations to adjust their system of managerial control strengthen effective utilisation of human resources.The assignment consist in studying the need for new approach to the management of people in order to reflect the way in which organisations are evolving at the start of the 21st century.To proceed I will first introduce the debate concerning organization evolution and the need for new approaches to manage people. Then I will carry out an review of new methods to managing people in the organisation context, as well as people management philosophy and practices which concentrate on the way in which organisation overall approach of people contribute to the effectiveness.I will conclude with the controversy between the Modernist and Post-Modernist paradigms in regard to management science and empirical research. A...

Thursday, February 27, 2020

High Budget Deficits Essay Example | Topics and Well Written Essays - 1500 words

High Budget Deficits - Essay Example Budget deficits, on the other hand, are the amounts in deficit of what the individuals spending, government or even a companies or corporations spending are short of the planned incomes from the entities sources. In another name, deficit spending may be the other terminology of budget deficits. Over the past years, budget deficits of countries, most so the developing countries, have attracted a lot of publicity. This has been majorly witnessed over the past two decades of which financial restructuring and turbulence have been witnessed (Associated Press 2010). The country where the impact is witnessed is attributable to the assorted financial ills bedeviling such countries; the countries base their expenditures from high debts due to extensive borrowing, high and ever growing rates of inflation and investment problems attributed to poor investment and their poor growth performance of such investments (Associated Press 2010). The poor government financial position, most so in regards to budgets, results to poor economic growth rates. The factors that fuel these rates are the poor growth of government revenues due to poor collection measures and tools. The budgeting process, which is not well structured, is also blamed for it in a major proportion. Others include the levels of economic development, which is low and unstable. World macroeconomic shocks, like the Great Depression and poor ways in which the government controls its expenditure, have in the past been witnessed to impact on the government financial position (Associated Press 2010). The methods used to finance any form of budget deficit will always result into an imbalance in one way or the other. For instance, if local borrowing is used, then the crowding out effect of the private investments occur leading to the collapse of the private firms which may even end up causing more harm to the economy. The budgeting process of most countries has so many loops and is, therefore, responsible for most countrie s budget deficits apart from the government participation in most economies and even the other factors as discussed above. According to reports, it is in record that budget deficits have several impacts on some economic sectors, such as private consumption, private investments, the T-bill rates, current account, and even money supply into the economy (BBC 2010). The aspects that the deficit has impact on as discussed above are major pillars for the measure of any economic growth of a country. Budget deficits have been recorded to reduce money supply into the economy; this majorly results when domestic borrowing is given an upper hand (BBC 2010). Intensified domestic borrowing may also lead to the collapse of private sector firms as a result of crowding out effect. I may, therefore, comfortably conclude that budget deficits in any economy are harmful to economic growth rates since they lower the growth rates. The causes of budget deficit are many and they include most major governmen t stakeholders (individuals, companies, and corporations) who evade taxation. It is in record that many US firms use the fair share of the infrastructure by the government but they don’t pay their fair share of the taxation; they use the roads, defense, grants and even emergency services (BBC 2010). Despite the companies making huge profits from the countries resources, they try as much as they could to evade

Tuesday, February 11, 2020

First of all its necessary to consider Hecksher and Ohlin theory Essay

First of all its necessary to consider Hecksher and Ohlin theory - Essay Example Countries have comparative advantage in those goods for which the required factors of production are relatively abundant. This is because the prices of goods are ultimately determined by the prices of their inputs. Goods that require inputs that are locally abundant will be cheaper to produce than those goods that require inputs that are locally scarce. For example, a country where capital and land are abundant but labor is scarce will have comparative advantage in goods that require lots of capital and land, but little labor - grains, for example. Since capital and land are abundant, their prices will be low. Those low prices will ensure that the price of the grain that they are used to produce will also be low - and thus attractive for both local consumption and export. Labor intensive goods on the other hand will be very expensive to produce since labor is scarce and its price is high. Therefore, the country is better off importing those goo The Ricardian model of comparative advantage has trade ultimately motivated by differences in labour productivity using different technologies. Heckscher and Ohlin didn't require production technology to vary between countries, so (in the interests of simplicity) the H-O model has identical production technology everywhere. ... The H-O model removed technology variations but introduced variable capital endowments, recreating endogenously the inter-country variation of labour productivity that Ricardo had imposed exogenously. With international variations in the capital endowment (i.e. infrastructure) and goods requiring different factor proportions, Ricardo's comparative advantage emerges as a profit-maximizing solution of capitalist's choices from within the model's equations. (The decision capital owners are faced with is between investments in differing production technologies: The H-O model assumes capital is privately held.) Original publication Bertil Ohlin published the book which first explained the theory in 1933. Although he wrote the book alone, Heckscher was credited as co-developer of the model, because of his earlier work on the problem, and because many of the ideas in the final model came from Ohlin's doctoral thesis, supervised by Heckscher. Interregional and International Trade itself was verbose, rather than being pared down to the mathematical, and appealed because of its new insights. [edit] The 2x2x2 model The original H-O model assumed that the only difference between countries was the relative abundances of labour and capital. The original Heckscher-Ohlin model contained two countries, and had two commodities that could be produced. Since there are two (homogeneous) factors of production this model is sometimes called the "222 model". The model has variable factor proportions between countries: Highly developed countries have a comparatively high ratio of capital to labour in relation to developing countries. This makes the developed country capital-abundant relative to the developing nation, and the developing nation

Friday, January 31, 2020

How to write a essay Essay Example for Free

How to write a essay Essay Getting into college could be as easy as memorizing the alphabet just like a preschooler. But, getting into college with a scholarship is a whole different thing. From the thousands of college applicants aiming for a scholarship, how will you make your essay application stand out? There are millions of essay examples over the internet but, you need to come up with an essay that will get you that scholarship. Tips on How to Write a Good Scholarship Essay: 1. Read instructions carefully College application can become a common thing for you. You might actually get the feeling of doing the same thing over and over like answering the same question for the nth number of times. No matter how similar college applications are, you have to read and understand the instructions well. If you want to land on a good school for college with a scholarship, everything starts with reading and comprehending the instructions. 2. Organize your thoughts After reading the instructions, it’s time to line up your thoughts to make an effective essay that will get you that scholarship. Look for essay samples on the internet or in books. Have a sort of survey from resources that will help you fill in the contents of your essay. It is difficult to start writing an essay, but with organized ideas, you can do it efficiently and effectively. 3. Make an outline When you get a general idea of the essay contents, you can now make an outline of specific details that will be included in your composition. Essay examples usually present general ideas down to the specific. Having an outline is very helpful to keep your essay consistent and focused on a particular topic. 4. Discuss every topic based on the instruction Paying attention to details or instructions is actually part of writing the essay for a scholarship application. Make sure that every topic asked in the essay questions is discussed in the whole composition. Remember that you only have one chance of writing an essay that will make a lasting impression on your college application. 5. Use simple language format and make sure your grammar is perfect Do not try to impress readers of your essay. Even if you are in college, you are not expected to use highfaluting words, but rather make your sentences simple and clear. No matter how technical your vocabulary is but poor grammar is an indication of a lousy essay. 6. Avoid bragging about your achievements Although it is important that you include your achievements as this will help your scholarship application, however you only need to do this if you are asked to do so. Avoid bragging, instead, talk about your achievements simply. It is also good to include the lessons you have learned in gaining such success. 7. Have someone edit and check your work To ensure that you are submitting an essay that will get you the scholarship, have an expert check your work. An editor or a previous professor can help you improve and validate how excellent or poor your essay is. Essay Writing First paragraph — Introduction The first paragraph is essential in capturing the attention of your readers. It is called an introduction as it gives an overview of what your essay is all about. The first paragraph should be similar to an â€Å"About Me† part of a reading material. Make it as simple as possible and dynamically connected to your next point. Second Paragraph – Important Details The second paragraph should support your introduction. This section includes more detail and usually the start of elaboration for every point or question. Say for example, state reasons why you should qualify for the scholarship; state your accomplishments; why are you choosing a particular course and the like. Third paragraph – Future Goals The third paragraph should speak of your future goals and your vision after pursuing a college degree. Goals have to be specific, and should reflect an action plan after your college graduation. Fourth paragraph – The Best Candidate End your essay by stating reasons why you are the best candidate to be chosen for the scholarship. State two to three main points from the previous paragraphs. Do not forget to note your appreciation for the readers of your essay for taking the time to read your essay. Composing your ideas and putting them in writing is never easy. It can be stressful and puts on a lot of pressure, especially when your future depends on this essay for a scholarship grant. There are many essay examples you can find on the web today.

Thursday, January 23, 2020

Video Game Violence Essay -- Legal Issues, Violent Video Games

â€Å"Video Game Violence Does Not Cause Violent Tendencies† An In-Depth Look at Video Game Violence and its Positives Effects â€Å"On Tuesday, November 2, while the rest of the country was voting, the Supreme Court of the United States heard oral arguments in Schwarzenegger v. EMA, the landmark case in which the state of California is petitioning for the re-instatement of a California law banning the sale of deviant or morbid violent video games to minors† (Macris). This case is a current example of the opponents of video games trying to prove video games are a bad influence on children and teenagers. Violent video game opponents have always tried to disprove the positive effects of video games. They also have been known to make up and mislead with tales of terrible side effects. This essay will prove to the reader that many of these various statements against video games and their creators are false. Contrary to opposition arguments, video games actually present benefits to gamers by reducing stress, providing entertainment, and helping to develop motivation that could not otherwise be achieved through conventional means. This essay will attempt to prove, that statements made regarding the inappropriateness of video games are untrue. The advantage of playing video games can be proven in their ability to enhance learning, hand-eye coordination, and this in turn can enable children and teenagers to do better in school. Violent video games can help overcome anxiety by providing entertainment without leaving the house, taking everyday stresses out on the characters in the game instead of real life, takes the adolescent’s minds off worries and stress of the outside world, and encourages children to stay out of trouble. Video games c... ... methodologies and the intrusion of ideology and scientific dogma† (Ferguson 11). Violent Video Games do not cause increased violent tendencies in youth and adolescents due to the fact violent video games have been around for years and in those years violence caused by teens have actually been dropping rather than increasing. Also, violent video games have been shown through research that the negatives are highly outweighed by the positives. Also, with the introduction of interactive gaming there are a new range of possibilities for violent video games. Such as sending a message to children about healthy activities by getting them off of the couch. So hopefully in five years violent video games will have moved to full interactive gaming so that it looks more real-life, but more importantly that it will still be a form of media that helps to relive personal stress. Video Game Violence Essay -- Legal Issues, Violent Video Games â€Å"Video Game Violence Does Not Cause Violent Tendencies† An In-Depth Look at Video Game Violence and its Positives Effects â€Å"On Tuesday, November 2, while the rest of the country was voting, the Supreme Court of the United States heard oral arguments in Schwarzenegger v. EMA, the landmark case in which the state of California is petitioning for the re-instatement of a California law banning the sale of deviant or morbid violent video games to minors† (Macris). This case is a current example of the opponents of video games trying to prove video games are a bad influence on children and teenagers. Violent video game opponents have always tried to disprove the positive effects of video games. They also have been known to make up and mislead with tales of terrible side effects. This essay will prove to the reader that many of these various statements against video games and their creators are false. Contrary to opposition arguments, video games actually present benefits to gamers by reducing stress, providing entertainment, and helping to develop motivation that could not otherwise be achieved through conventional means. This essay will attempt to prove, that statements made regarding the inappropriateness of video games are untrue. The advantage of playing video games can be proven in their ability to enhance learning, hand-eye coordination, and this in turn can enable children and teenagers to do better in school. Violent video games can help overcome anxiety by providing entertainment without leaving the house, taking everyday stresses out on the characters in the game instead of real life, takes the adolescent’s minds off worries and stress of the outside world, and encourages children to stay out of trouble. Video games c... ... methodologies and the intrusion of ideology and scientific dogma† (Ferguson 11). Violent Video Games do not cause increased violent tendencies in youth and adolescents due to the fact violent video games have been around for years and in those years violence caused by teens have actually been dropping rather than increasing. Also, violent video games have been shown through research that the negatives are highly outweighed by the positives. Also, with the introduction of interactive gaming there are a new range of possibilities for violent video games. Such as sending a message to children about healthy activities by getting them off of the couch. So hopefully in five years violent video games will have moved to full interactive gaming so that it looks more real-life, but more importantly that it will still be a form of media that helps to relive personal stress.

Wednesday, January 15, 2020

China Global Imbalances, Reserve Currency and Global Economic

Global imbalances, Reserve currency, and Global economic governance The accepted hypotheses for the root cause of global economic imbalances are: 1)East Asian economies’ export-led growth: recently the integration with international markets leads to an import and export expansion making the trade surpluses in EA dramatically increase. It had a great success in EA producing higher living standards and poverty rates declining. This cannot be the main cause for the emergence of large global imbalances in 2000 and thereafter since before 2000 EA economies’ TB were roughly balances. )Self-insurance motivation for foreign currency reserve accumulation: after the financial crises in the late 1990s, emerging market economies in EA increased their CA surpluses substantially, and they experienced rising international reserves. After 2005 Chinese surpluses and reserves are too large to be justified by the self-insurance motivation. 3)China’s exchange rate policy: the g. i. started to grow in 2002 and China has been accused of causing the imbalance sustaining a large undervaluation of its real exchange rate since 2003, but it is not true because: †¢China trade surplus did not become large until 2005 RMB appreciated against US$ by 20% in 2005-2008 but the global imbalances continued to grow †¢Most other developing countries also increased their CA surpluses in the same period (if exchange rate was the cause, the other countries that compete with China would have experience declining trade surpluses and reserves) >The need for an alternative hypothesis: these hypotheses imply that the EA economies are driving the g. i. but is not consistent with the basic statistics.While the US trade deficits with China did increase substantially, the share of the US trade deficit due to EA economies as a region actually declined significantly. The three hypotheses surely contributed but they cannot be the main cause of the global imbalances. >An alternative h ypothesis consistent with the data: it views the g. i. as a result of the status of the US $ as the major global reserve currency, combined with: †¢The lack of appropriate financial sector regulation due to deregulation in the 1980s. The federal reserve’s low interest rate policy following the burst of the â€Å"dotcom† bubble in 2001. These policy changes led to excessive risk-taking and higher leverage, producing excess liquidity and â€Å"bubbles† in the US markets, which enabled the US overconsumption that increased the US CA deficit. As China had become the major producer of labor-intensive processed consumer goods by 2000, the US ran a large deficit with China, which ran trade deficits with the EA economies that provided intermediate products to China.The excess liquidity also led to the large outflow of capital to developing countries, which enhance their investment and consequently in large trade surpluses in capital-goods exporting countries and na tural resources exporting countries. Since the US is the reserve currency issuing country, the foreign reserves accumulated through trade/capital account surpluses in other countries would return to the US leading to the US CA surplus. >Why did China stand out in the global imbalances? : the large CA surplus in China reflects high domestic savings.There are several commonly accepted hypotheses about China’s high households saving rate: such as the lack of well-developed social safety net and the demographics of an aging population. But the uniqueness of China’s savings is the large share of corporate savings, which are driven by the excessive concentration of the financial system that serves the big firms, low taxation on natural resources, and monopolies in some sectors. Reforms are required for removing these distortions and increasing consumption. The role of the reserve currency in global imbalances: the status of the $ as the major global reserve currency, combine d with the financial deregulation of the 1980s and the low interest rate policy of the 2000s, led to the emergence of global imbalances. To prevent their recurrence, the ultimate solution is to replace national currencies as global reserve currencies with a new global currency, but US is unlikely to give up its reserve-issuing privilege to a global body (IMF).A more likely scenario is the emergence of a basket of reserve currencies with some changes in the basket’s consumption and weights. >A win-win solution for the global recovery: the most urgent challenges are high unemployment and the large excess capacity in high-income industrialized countries. Win-win solutions for the global recovery and long-term growth could be based on new international financial arrangements along with structural reforms in both high-income and developing countries.On the financial front it could be created a global recovery fund (supported by hard-currency countries and large-reserve countries a nd managed by multilateral development banks) to finance investments to release bottlenecks and enhance productivity in developing countries. These investments would increase the demand for capital goods produced in high-income countries, reduce their unemployment now, and enhance the developing countries’ growth in the future. The fund could be complemented by structural reforms in high-income and developing countries to create space for investment and to improve the efficiency of investment.

Monday, January 6, 2020

My Family My Dad - 960 Words

Both my parents were born in Burundi. My dad is from in a place call Mucibitoke, and my Mom is from Bujumbura. My parents got together when they were young. But however, they didn’t get married till two years ago. My mom started living with my dad when she was 15 years old, and they are ten years apart. After getting together in mid 70, the genocide breaks up in Burundi. That’s when they fled the country and went in Rwanda where they live for more than ten years. Then, they started having children. My parents had total of 10 children but 2 first born passed away. Both my parents are Christians, and both my uncles and cousins as far as I know. Growing up, I understood what it meant to be a fallow of Christ; I grew up depending on God in all. My mom has been influenced me in a lots positive way. In everything she ever done, she did them to the glory of God. Example, when my mom is about to consume food, she prays, thank God and ask for blessings every time. When she is do ne, she does the same thing. Whether is getting in a vehicle or getting out, God must be first. Sleeping or woken up, God must come first. Growing seeing all this things really tough me well. I knew God is in central of all things. Whether is in school or outside of the school, my mom told me that God comes first before everything. I am now proud to say that I found it true. In 1 Corinthians 10:31 says, â€Å"So whether you eat or drink or whatever you do, do it all for the glory of God.† Although my momShow MoreRelatedMy Family Is My Dad896 Words   |  4 Pages Within my family there is my dad, my mom, my older brother Michael, my younger brother Evan, and I. Michael was the first child, my parents full of hope for him, and was set out to be the prodigal son. However, as most first children went my parents were totally new to children so they had a few hiccups. He eventually grew to the point where he couldn t be changed. My parents already thought of this and had me. 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It took a while to realize that. Growing up in my house and neighborhood was hard. My mom has six kids, including me. My mom is a very strong and powerful minded woman. She inspires me so much. She got to where sheRead MoreMy Family : My Dad888 Words   |  4 Pagesparents who raised me were not my biological parents. I clearly remember the day that my aunt reveled the story how become her child. The story begun with her intellectual and revolutionary younger brother decided to become the president of Ethiopian Airlines Labor Union, who stood against the military dictatorship Ethiopian government. My dad was one of the leaders who coordinated a peaceful declaration for strike asking the government to give the power to the people. My dad, became the one of the mostRead MoreA Report On My Family And My Dad1311 Words   |  6 PagesMy family and I spent our Sunday afternoon at the Columbia store in the outlet mall, shopping for sun-deflecting shirts for my dad. He never needed special UV protection shirts until now, until he started chemo. The doctor warned him to protect himself from the sun as much as possible. I didn’t even know UV protection shirts existed until I saw tons of them hanging up on display. My sister and I, being the more fashion friendly in the family, picked out a few shirts for my dad. He didn’t really careRead MoreMy Family : My Father s Dad1299 Words   |  6 PagesI only know my history through pictures of what I have seen. The only picture that I did not know was my father’s dad. My father’s dad pasted away before I was born. My mom as a kid went to church and so did my aunt. I haven’t really been in a church other than Christmas and Easter or when I used to visit my Aunt Karen. But she passed away too soon. Most are from family members I know. I grew up really close to my family. They helped me be who I am today because of how we interacted together andRead MorePersonal Narrative : My Dad And My Family1467 Words   |  6 PagesMy Own D.D.D. My dad and I had a pretty good relationship with each other. We even set up days that we would have a Daddy Daughter Date. I loved to go to those dates with him. We would get all dressed up, me in a fancy dress and him be in a suit and tie. We would always go to a sushi restaurant, because that is the type of food that I loved to eat the most then. He didn’t like sushi as much as me, but for me, he would take us there, every time. After we ate a very fancy dinner, we would hop backRead MoreMy Favorite Vacation Of My Dads Family : My Dad718 Words   |  3 Pagesthere is always one that stands out as my favorite. That vacation was my annual Tafel family beach vacation. This is when everyone from my dad’s family who is one of six rents four separate houses in Stone Harbor New Jersey. We have been keeping up with this tradition since before I was born. Although in the earlier years they use to all just pack into one house but as the family grew they decided it was best to branch out. This vacation stands out to me as my favorite because other than ChristmasRead More Changing Roles Essay1219 Words   |  5 Pagescontemporary American family is one that shows a picture perfect lifestyle of happiness and normalcy, but this normalcy can be challenged by anything. The present war our country is engaged in is one factor that has changed the lives of many families since it began. Husbands, sons, and sometimes even mothers and daughters are leaving their homes to fight in the war with Iraq. If the traditional American family consists of a husband, wife, and two or more children living in suburbia, my family could once haveRead MoreDescriptive Essay About My Dad1136 Words   |  5 Pagesthat is always there for you when you need them? I did, I called him my dad. My dad was the only person that could make me laugh when I was feeling down. My dad was that person who had so much love for his family. My dad was the person who I could call and hed always pick u p. My dad was the person who would drop everything just to help me. My dad was the biggest hero in my life and to this day, still is. My dad has always been my biggest motivator and the reason for growing up the way I did. We had