Investment Strategies Order Number Essay

There are many methods an investor can use to determine if a stock is a good buy or not. Three indicators often used to assess the risk of a security are beta, alpha and the Sharpe ratio. One of the most popular measures of risk associated with a security is its beta. Beta is a measure of a stock’s volatility in relation to the market as a whole. The market is given a beta of 1. 0 and individual stocks are ranked according to how much they deviate from the market’s beta. Stocks with a beta of less than 1. 0 are considered less volatile than the market and, therefore, pose less risk. Stocks that have betas higher than 1. 0 are considered more volatile than the market and, therefore, pose more risk. All things being equal, an investor would expect to see higher returns on a stock with a beta higher than the market than one with a beta lower than the market. (1) Beta is also a key component for the capital asset pricing model (CAPM). The original CAPM defined risk in terms of volatility, as measured by a stock’s beta coefficient. The formula is: Kc = Rf + beta Km – Rf) where Kc is the risk-adjusted discount rate (also known as the cost of capital) Rf is the rate of a â€Å"risk free† investment, i. e. ten-year treasury bill Km is the return rate of a market benchmark, such as the S&P 500 Kc is the expected rate of return you would require before you would be interested in a particular stock at a particular price. The CAPM expresses the amount of risk a particular stock has and gives an investor an idea of the expected returns he should expect given a certain level of risk. The more risky a stock is the higher the level of returns an investor would expect for that particular stock. (2) A stock’s alpha is a mathematical estimate of the amount of return expected from a stock’s inherent values, such as the rate of growth of in earnings per share, management strengths or other factors, as opposed to general market conditions. Stocks with an alpha greater than 1. 0 can be expected to outperform the market regardless of what happens to the market as a whole. (3) The Sharpe ratio helps investors determine the best possible proportion of securities to use in a portfolio that can also include cash. The formula for the Sharpe ratio is: S(x) = (Rx – Rf) / StdDev(x) where x is some investment Rx is the average annual rate of return of x Rf is the best possible rate of return of a â€Å"risk free† security (i. e. cash) StdDev is the standard deviation of Rx The Sharpe ratio is a direct measure of reward-to-risk. In other words, the Sharpe ratio is used to characterize how well the return of an asset compensates the investor for the risk taken. (4) Although beta, alpha and the Sharpe ratio are useful for an investor to gauge the risk of a security or portfolio of securities there are also other methods an investor can use to determine whether a security is a good investment or not. The two most common methods used to determine the investment potential of a security are fundamental analysis and technical analysis. Fundamental analysis is the process of looking at a business from its financial statements. This type of analysis typically looks at various ratios of the business to determine its financial health. The goal of fundamental analysis is determine the current worth of a stock and how the market values the stock. (5) Probably the most two important factors looked at in fundamental analysis are a company’s earnings and revenue growth. Investors like to see earnings and revenue increasing by at least 25% for each of the last three quarters and year-to-date. Return on equity (ROE) is also a major fundamental factor. ROE reveals how much profit a company earned in comparison to the total amount of shareholder equity found on the balance sheet. (6) The higher a company’s ROE compared to its industry the better. Investors typically look for an ROE of at least 17%. Technical analysis is a method of evaluating stocks by relying on the assumption that market data, such as charts of price, volume and open interest can help predict future market trends. (7) Investors using technical analysis typically look for trends in chart data and use a variety of technical indicators, such as moving averages, Bollinger bands, fast and slow stochastics, MACD, and RSI to determine the right buy point for a stock. More sophisticated investors use a combination of fundamental analysis and technical analysis to determine whether a stock is a good buy or not. They use fundamental analysis to make sure a company is healthy from a financial standpoint and is a leader in its industry. Once determining a stock is healthy from a fundamental standpoint, these investors will use technical analysis to determine the correct buy point for a stock. A stock’s chart will show the investor how the stock is actually performing in the market and whether it is rising out of a good base or is overbought based on how far its current price is from its 50 day moving average. If a stock’s price is 30% or more above its 50 day moving average, the risk that it will fall into a correction is greater. References: (1) http://www. investopedia. com/articles/stocks/04/113004. asp Beta: Know the Risk (2) http://www. moneychimp. com/articles/valuation/capm. htm CAPM Calculator (3) http://www. allbusiness. com/glossaries/alpha/4943389-1. html Business Definition for Alpha (4) http://www. moneychimp. com/articles/risk/sharpe_ratio. htm The Sharpe Ratio (5) http://stocks. about. com/od/evaluatingstocks/a/Fundanatools1. htm Tools of Fundamental Analysis (6) http://beginnersinvest. about. com/cs/investinglessons/l/blreturnequity. htm Return on Equity (ROE) (7) http://www. investorwords. com/4925/technical_analysis. html Technical Analysis

Kantian Ethics Essay

Immanuel Kant’s moral theory has become the heart of deontological ethics. It differentiates itself by looking at morality as an extension of man’s reason. Unlike other ethical theories, the individual is seen as the primary actor of all moral decisions. His autonomy, his will is seen as the locust of ethical judgment. For Kant in order for an act to be considered morally worthy it has to be done out of duty. From my understanding of Kant, when we talk of duty it is something which our reason recognizes as a manifestation of a universal law, one which he/she cannot deny. Doing the right thing is not about whether or not the outcome might be gauged to be positive, or that because an individual â€Å"feels† that he/she must perform a particular act rather she â€Å"knows† that it is his/her duty. In order to be ethically praiseworthy, the person must ask himself, â€Å"Am â€Å"I† the one who is deciding and acting? † The morality of Kant builds on the want of the philosopher to describe and order an ethical life that is centered on the rational faculty of man, his reason. It is the case that in a lot of cases people tend to look at the possible consequences of an action in judging whether or not what they’re about to do is moral or not. At times we act out of good intentions, helping others, sharing, et al. because we feel that it’s the good thing to do. Unfortunately, Kant won’t agree with our ways. In fact, he would even say that such actions have no moral worth. For Kant, the important thing is our obligation to do something, feelings, intentions, and consequences may gain the approval of others but they are too whimsical. There is for him an a priori (before reason) law which tells us what ought to be done. As rational beings we are dignified with our ability to discern this law, much more, we are capable of making it (Kremling, n. d. ). To act contrary to what our reason dictates, is choosing to act in heteronomy, a big no-no for Immanuel Kant because it belittles the individual, the latter produces as a result, acts that are empty. If Kantian Morality sounds a bit of feel-good emotions, intentions, and happy thoughts, then I think we’re on the right track. Ethics in terms of Kant is not about making another person smile; it’s not about calculating how many people you could help out by doing something. At the end of the day, acting on such things are all half-chances, there is no guarantee that by helping someone out would be good, there’s no assurance that if you think of the number of people who would benefit, it means you won’t harm others. Autonomy plays a central role in the moral theory of Kant, in such a way that a man must in his own volition choose to legislate a universal law and act in accordance to it. How does one determine which acts are in accordance with good will per se and is thus uninversalizable? For Kant all actions can be stated as a maxim, a person as an autonomous person creates the maxim but at the same time has to make sure that it is a principle that every rational being can agree to with no exceptions. This is the categorical imperative, contrary to the hypothetical imperative which is stated as an If-then. I. e. If I want to pass this class then I have to study; the Categorical Imperative claims a universal statement that is true at all times (. When a person acts out of duty the latter is presumed to have passed the categorical maxim put forward to state the action: In layman’s terms we could state the maxim as a question first, i. e. can I will to cheat on an exam, in such a way that others would as a whole can will to do so? There are categorical imperatives that have been formulated by Kant as the most basic of ethical requirements, like for example, Lying is an act that for him will never become morally justifiable, we must always follow the imperative to never use a person but always as an end (Hillar, 2003). We again see here the theme of dignity and respect, man and his reason is central in the ethical works of Kant. Even if for example in doing an act we would do so for the good of the majority, it would still not be valid if a minority would be sacrificed along the way. We do something because it ought to be done as determined by our reason and verified through the maxim which we test and attempt to put as a categorical imperative; the latter could be thought of as the fixed rules that govern how we as rational agents act. The main criticisms to be raised with regards to other ethical theories are founded on the assumptions of Kant regarding the fulfillment of moral obligation for the sake of good in itself. Utilitarianism takes as a central part of its tenets, the concept of summum bonum (greatest good for the greatest number). If we look at this ethical formulation we shall see that it would contradict with the notion of Kant that Human Being should always be considered ends never as a means, not even for the greatest number. Problem may also arise in the altruistic claims of utilitarian moralizing. One ought not to pursue something out of happiness or other virtues like Aristotle’s notion of the good man as the man of mean and virtues. This would not qualify for Kant as enough grounds to pursue good, because as he had mentioned in the groundings, prior to the good is the good will with which there is no qualification (Johnson, 2004). If one is an individualist, he might more likely be pleased with the ethical prescriptions of Kant. I personally find strength in his moral philosophy in finding support for the need to protect certain inalienable rights. In focusing on a moral law, his theory is not vulnerable to the attacks of situational morality but rather focuses on the man as a rational being and a moral agent, whose will is in a sense the will of all (Baron, 1995). There is stability and consistency in Kant’s moral philosophy by centering on the autonomy of all individuals under the precept that when it all boils down to it, man shares a common reason and will that would allow them to determine what is right from wrong. On the other hand I think that there are certain things in life wherein following the rules set through categorical imperatives would not suffice. There are moral dilemmas wherein human lives are hanged in the balance. Although reason can help us in making our decisions, the moral duties of Kant can only go so far. I am left to wonder how a person could be satisfied with himself in pointing the whereabouts of innocent African-Americans to deranged members of the Ku Klux Clan who are vowing to kill them; on the basis of fulfilling his moral duty of always telling the truth. Take note, in Kant’s philosophy, there is no hierarchy of duties, one has to fulfill them all, regardless of the outcome. References: Baron, Marcia, 1995, Kantian Ethics Almost Without Apology Cornell: Cornell U. P. Hillar, Marian, 2003, Kant’s Moral Axioms, Retrieved August 3, 2007 from Socinian. org: http://www. socinian. org/kant. html Johnson, Robert, 2004, Kant’s Moral Philosophy, Retrieved August 4, 2007 from Stanford http://plato.stanford.edu/entries/kant-moral/

Book Review: Supercrunchers

We re likely to discount discomforting evidence and focus Instead on evidence that supports our preexisting beliefs. Reason 3: Most people are overconfident while they make prediction to the future while some people tend to be undercoating and slow to change In the face of new evidence. And overconfidence becomes severe when the problems become more complicated. 2. The author suggests that equations should not be without some kind of â€Å"over ride† capability. What is the â€Å"over ride† capability? Why does the author suggest this is necessary?Do you agree or disagree with this. Answers: â€Å"Over ride† capability refers to some kind of discretionary escape hatch some way for a human to override the prediction of the formula. Just like the rejection area of hypothesis test. It is necessary because a statistical procedure cannot estimate the causal impact of rare events because there simply aren't enough data concerning them to make a credible estimate. The r arity of the event doesn't mean that it will not have a big impact when the event does in fact occur.It Just means that statistical formulas will not be able to future the impact. In such case, a â€Å"over ride† capability is needed. I agree with this point because it is common in the day to day life. We need to find out when does the statistic way loose effectiveness. Every method has its own drawback; we need to figure out a systematic way to â€Å"automatically' reflect the time that a statistic method fails. 3. The author puts forward that if one concludes that equations are in fact better than experts, then one must ask the question of where experts fit Into the process of prediction.Explain the place for experts In a world where predictions are made by equations. Answers: In a word, the most Important thing that is left to human experts Is to use our minds and our intuition to guess at what variables should and should not be Included in statistical analysis. A statist ical regression can tell us the weights to place upon various factors. Human By Ranchers Chem. Email: [email  protected] Deed experts, however, are crucially needed to generate the hypotheses about what causes what.The regressions can test whether there Is a causal effect and estimate the size f the causal impact, but somebody needs to specify the test itself. In addition, humans are crucial not only in deciding what to test, but also in collecting and. At times, creating the data. Reason 2: Once we form a mistaken belief about something, we tend to cling to it. We are likely to discount discomforting evidence and focus instead on evidence that to change in the face of new evidence. And overconfidence becomes severe when the than experts, then one must ask the question of where experts fit into the process of reduction.Explain the place for experts in a world where predictions are made by equations. Answers: In a word, the most important thing that is left to human experts is to u se our minds and our intuition to guess at what variables should and should not be included in statistical analysis. A statistical regression can tell us the weights what. The regressions can test whether there is a causal effect and estimate the size humans are crucial not only in deciding what to test, but also in collecting and, at

Healthcare Policy Essay Example | Topics and Well Written Essays - 1250 words

Healthcare Policy - Essay Example changes in accordance to providing an effective healthcare policy, and how it helps in the dimension of population health is included into the main body. The last section includes concluding response to this problem. The method is particularized examination of the literature together with the critical summarizing and personal inferences on the topic. Healthcare policy is considered to be a number of complexes concerning social and political processes that are directed on providing medical care to the population of the country (Barr, 2011). All factors and forces that provide an influence on the implementation of medical treatment for people are included to the dimension of the term healthcare policy. That is an essential branch concerning social stability and health of population. The United States of America is regarded as a country with highly developed and rather effective system of healthcare policy (Niles, 2014). The majority of population in this country is able to use medical services in order to be successfully treated with the health insurance suggested by the governmental institutions rules (Niles, 2014). Healthcare policy and regulations in USA are functioned to construct rather effective and prosperous conditions in the dimension of medicine for American population. Moreover, the quality of treatment and medical care in USA stays in a high level. Preparation of medical specialists together with modern equipment represents the basis of medical care in this country (Barr, 2011). We may stay the idea about highly developed and completely improved system of health care in the USA. The matter is that medical services in USA are provided by special insurance and this is what covers the cost of treatment for the population (Niles, 2014). People who are able to pay for the reliable insurance are pretended to be treated immediately and with the highest quality. People with low social status or with low income they are deprived from an appropriate free

Blood Donations Paper Essay Example | Topics and Well Written Essays - 1000 words

Blood Donations Paper - Essay Example Blood is required regularly and in large quantities to deal with patients ranging from accident victims to leukemia patients. For example, in the United States only 8% of the 115 million Americans who are eligible for blood donations actually come through and donate blood. This situation is worrisome given that each year massive expense is diverted to awareness campaigns in order to increase the number of potential donors (American Red Cross, 2009). In recent years, the amount of volunteering required for blood donation has been decreasing due to a number of causes resulting in pressures on the overall blood donation system. These causes and their effects are listed below in detail to aid policy formulation. 2. Causes Blood donation is a healthy activity that ought to be encouraged in all segments of population. Reasons behind blood donation have often been the subject of research. A study conducted to gauge the reasons behind providing blood and stopping blood donations found that t here was little difference in blood donation patterns across genders. The study found that the same factors motivated and de-motivated blood donors irrespective of the gender of the blood donor. The study also found that the biggest reason for blood donations was the influence of a friend. This category of donors represented nearly half of all filed responses (47.2%). In contrast, only 23.5% of all donors indicated that they were providing a blood donation because of a request through media (Sojka & Sojka, 2008). These requests placed through the media represent all kinds of print, digital and social media in use in the current context. This indicates that the amount of donors being influenced by media outlets is low and could be improved in order to boost blood donations. Another cause behind blood donations shortage is the lack of economic incentives coupled to donating blood. It has been found through a number of studies that blood donors are more ready to respond when they are o ffered some kind of economic incentive (Miller & Weikel, 1974) (Titmuss, 1971) (Sojka & Sojka, 2008). This finding has been consistently reported throughout literature on the issue as indicated from the life of the literature cited above. Another consistent finding in this respect is that blood donors tend to shift from one blood donation program to the other given the richness of the incentive being offered. In order to attract more and more blood donors it is necessary to pursue an effective advertisement campaign focused on creating more leverage for the intended blood donation program. Studies have also found that the most common reason for not becoming a regular blood donor include laziness (19.1%) followed by a fear of needles (10.5%) (Sojka & Sojka, 2008) which are both conditions that could be dealt with using a properly targeted marketing campaign. If people could be allowed to take over their procrastination and their fear of being pricked by a needle, the potential increa se in blood donors would be about 30% combined. Increasing the number of donors is also important given that historically existing blood donors have tended to decrease (Miller & Weikel, 1974). This has come about either due to adverse reaction or due to medical disqualification of existing donors. It has been estimated that 15% of all blood donors are

Personal Creative Inquiry Essay Example | Topics and Well Written Essays - 500 words

Personal Creative Inquiry - Essay Example This article describes garden as a favorite place to go when an individual wants to relax after a hard day. The earth’s smell is always very natural with some sweet smelling flowers. It provides a wonderfully cool place that enhances good feeling when someone is from a tough day work. Private gardens are always near homes thus boosting and setting mind for relaxation purposes because an individual is not required to either walk or drive long distance to his home after relaxation. Presence of joyfully singing birds, chirping locusts makes garden so peaceful and a natural place to be. It is also worth noting that an individual may experiment with the sense of touching by playing with diverse tangible sensations such as leaves, fruits, and stems thus enabling one to focus on things that are relaxing and renewing. From the gardens, an individual may further surround himself with energizing and invigorating smells by looking for comforting and calming scents such as smelling roses. Relaxing in the garden while the kids are playing around you is a very joyful and fulfilling act that takes someone’s mind away from the tiring job throughout the day. At times, it is very relaxing to dirty our hands by either pruning or just digging worms and picking strawberries for the kids since it makes an individual feel very elemental to the nature and the overall surrounding. Careful working on the garden makes gardeners feel like they are doing what they love most and a way of recovering some of the insubstantial things lost during busy days. My life is very satisfactory and I am doing a lot to help the underprivileged people in the society. I see myself as a president of a large manufacturing company with several employees. I live in a luxurious lifestyle where I can be able to buy anything and travel anywhere. I also have a classy mansionette and sport utility vehicles. My home has a big compound that is covered by very green grass,

London striptease Essay Example | Topics and Well Written Essays - 1500 words

London striptease - Essay Example In London, for example, the striptease industry is currently booming and many people are flocking into related institutions e.g. the Jo King’s School of Striptease. Many of the women who striptease feel that it empowers them and that it is an adequate way to improve their image. Sexualisation has also hit the media with sexual exposure becoming vital for magazines, movies, music and advertisements to achieve financial success. However, does embracing sexualisation in the society really liberate those involved, especially women, or does it imprison their potential and possibilities? Does sexualisation really empower? It all started with strippers going live on TV to give lessons on lap dancing men to orgasm. Then celebrities like Britney Spears started becoming increasingly popular in relation to their nudity, so much, so that discussions about some of their private parts became major subjects in entertainment gossip. Charlie’s Angels, the movie, was then introduced in 2 001, enhancing the interest of people in ‘sexy’ crime fighting. It involved stars who dressed in soft porn like fashion, which was apparently meant to inspire empowerment and independence in women. Its sequel involved even more sexualisation as the stars were required to perform many stripteases while undertaking their missions. This did not end with the TVs and the radios as anyone walking down the streets in any Western world community would come across teens, young women, and some occasional wild fifty-year –olds wearing shorts cut so low and so tight that they exposed the butt cleavage. These shorts would then be paired with miniature tops, which showed the whole sections of breasts above the nipples and the pierced navels alike. In some cases, as if the overall message radiated from such clothing was not obvious enough, the pieces of clothing would be imprinted with the playboy bunny or a nude porn star’s picture or drawing. As if things were not beco ming weird, enough, many women started going to strip clubs (with female strippers) in their leisure time. They explained that it felt liberating and rebellious to watch their fellow women on the poles, toss some notes at them or shove them in their underwear and occasionally strip down and join them. Many young women became openly and shamelessly obsessed with porn stars, a hobby previously thought to be exclusively for teenage boys. As a result, girls started purchasing merchandise like the one g-strings and vibrators commonly associated with their favorite porn stars (Levy 2010: 32). Nowadays, nudity has become such a common part of life. So much so that exposing a woman’s breasts in public is not considered a taboo, most so in the Western world. In fact, such a scenario is given surprisingly little attention as witnessed in many of the streets. There have been numerous reports of female celebrities taking their morning jogs on the streets of Hollywood with nothing but the ir underwear on, during rush hour traffic. According to the reports, very few people even pay any significance to them, leave alone staring, whistling or commenting inappropriately. Such a scenario can be witnessed in many of America’s beaches, which have fully embraced nudity and anyone seen with even a drab of underwear is considered out of place. Also contributing to this notion is the fashion industry. Models are strolling down the runway with tops that reveal everything under them as they apparently believe that it does not

Industry assignment 2 Example | Topics and Well Written Essays - 2000 words

Industry 2 - Assignment Example (See Appendix I – Summary of BMW Group’s Sales as of November 2010 on page 10) This report will focus on analyzing the business strategies used by BMW Group. Using Porter’s generic strategies, strategic choices of BMW will be identified followed by identifying the key resources and capabilities of BMW in support to its strategic choices over the past five years. After evaluating how BMW’s strategic choices has lead to the development of sustainable competitive advantage, this report will discuss the extent of BMW’s ability to meet the critical success factors for the automobile sector over the last five years. Prior to conclusion, criteria of â€Å"Suitability, Feasibility and Acceptability† will be used to further evaluate BMW’s current strategies against possible future competition in the global market. brand as automobiles that offers the users a â€Å"cutting edge technology† combined with unique designs that makes the cars different from other regular automobiles (Rolls Royce 2010). This strategy enables BMW, MINI, and Rolls Royce demand a premium market price for its masterpiece. As explained by Porter (1985, p. 11), â€Å"the fundamental basis of above-average performance in the long-run is sustainable competitive advantage† for the company. In other words, the ability of BMW Group to sell its automobiles higher than the average market price enables the company to have a competitive advantage over its competitors. One way or the other, this factor made the company more successful over the past five years. Using Porter’s generic strategies, it is possible to identify the strategic choices of BMW Group. Within a broad market scope, BMW Group was able to create competitive advantage over its competitors because of its differentiation strategies (Porter 1985, p. 11). As part of BMW Group’s differentiation strategy, the company manufactures unique luxury and high performance automobiles by investing on new

Request for proposal Essay Example | Topics and Well Written Essays - 250 words

Request for proposal - Essay Example There are diverse set of foods provided by Chipotle from which various customers would choose. The brand will be appealing to different travellers at FLL Airport Clients at the airport demand quick services, an aspect that Chipotle promises to deliver. Its four-step plan is a robust package to reduce delays. The company runs nearly 350 transactions per hour at its fastest restaurants to ensure fast service to its clients. The company has employed expediters, personnel to coordinate rolling of the burrito and coordination of the order by getting drinks to the customer. Part of the staff, linebackers, patrols the countertops to ensure seamless service provision to the customers. The â€Å"Mise en place† policy ensures zero tolerance to absolutely nothing in place for the customer during peak hours. At Chipotle, the â€Å"Aces in their places† policy is effective and functional. The policy ensures that only top serves operate during peak hours (Ferdman 1). In essence, at Chipotle, a burrito can be prepared and ready to serve in less than 2 minutes (mikem301s12 1). Chipotle regards consumers’ health as a vital factor and part of its service delivery considerations. Its fast foods are health-conscious and conform to set standards set main regulatory institutions and bodies. Chipotle will uphold regular inspection of its fast foods to ensure compliance with required levels of value and accreditation standards. Furthermore, the personnel at Chipotle are qualified to provide the services required by diverse consumers of fast food and travellers at the airport (Bhasin 1). Bhasin, Kim. How Chipotles Assembly Line Makes Your Burrito So Ridiculously Fast. Business Insider. April 23, 2012. Web. Web. April 19, 2015. http://www.businessinsider.com/how-chipotles-service-line-is-so-fast-2012-4 Ferdman, Roberto. How Chipotle is going to serve burritos faster, and faster, and faster. Quatz. February 1, 2014. Web. April 19, 2015.

Seeking Permission To One Of New York Citys Theatres Essay

Seeking Permission To One Of New York Citys Theatres - Essay Example   Dad and Mum, I would like to request for permission from you to allow me to attend a movie session in one of New York City’s theatres. This movie is about important life lessons that our teacher asked us as many as we could to attend since it is showing for the first time and it’s important not only for our academic purposes but also has important life lessons for us as young people. Since it is being launched for the first time, the directors have not started selling it only, which I could have bought. For this trip, I am not alone, I am in the company of three other friends of mine, Gerry, Jobs, and Nathaniel. At the end of the movie, which will be showing from the late afternoon till late in the evening, we0o will spend at the Plaza Hotel and come back the following day on a Saturday. The costs for the trip are as indicated below. For this reason, I would also request you to help me to fund part of the trip since I can only manage the entry ticket from my pocket- money savings.  In the theater, we shall be watching a series of plays that have different themes. The plays will be going down in different cinemas in the New York. The first play that we will watch is called Lion King. The movie is being shown live at the renowned Sunshine Cinema, which has a good reputation in terms of safety and quality entertainment that is perfect for young people.We will be watching the movie with our teachers, which mean that there will be no illicit behavior as it happens with some movie theatres.  

Epistemology and Research Essay Example | Topics and Well Written Essays - 2500 words

Epistemology and Research - Essay Example Steup (2011) defines it as the study of knowledge and the justified believes, and importantly about the issues related to â€Å"the creation and dissemination of knowledge in particular areas of inquiry†. Grix (2002) validates this perspective of epistemology by defining it has the theory of knowledge, especially in regard to its methods, validation and the possible ways of gaining knowledge of social reality. Willig (2001, p.8) on the other hand provides additional perspectives by stating how epistemology also involves thinking about the â€Å"validity and reliability of claims to knowledge.† The paths through which the knowledge can be accessed and collected are the various research methods. There are correlations between epistemology and the research methods, as the researcher can take an epistemological position for setting the objectives of a research project process. There is a view that a researcher’s epistemological position could significantly affect the ir choice of research methods. So, this paper will first discus how researchers could take an epistemological position and allow that position to impact their choice of research methods for some favorable results, but that may not be the case all the time, as avoiding that impact of that epistemological position could be helpful for the researchers to carry out a pragmatic research. Researchers need to adopt appropriate and effective research methods, as those methods can only provide the researchers the apt ways to answer the research questions, by aiding in the acquisition of relevant knowledge. As Willig (2001, p.8) states â€Å"research methods can be described as ‘the way to the goal’†. However, to accomplish that, researchers need to first identify the goals or objectives of the research project, then able to justify those objectives and also have a concrete or even an approximate idea of what they need to find out to fulfill those research objectives. â₠¬Å"We need to be clear about the objectives of our research and we need to have a sense of what kinds of things it is possible for us to find out.† (Willig 2001, p.8). Reaching or actualizing this state is only known as adopting or taking an epistemological position. In a way, epistemological position describes the process through which a researcher could see the entity of knowledge in a particular perspective, particularly how it is created and shared. When this position is viewed from the perspective of research methods, it would help the researchers understand their own views, which they have or hold on the various topics, or in particular on the research objectives and consequently, how they can interpret the research. As Bukvova (2010) states choosing – or better realising – one’s â€Å"epistemological position helps to explicate views and opinions on things like truth, knowledge, and reality.† Thus, it can be implied that adopting an epistemol ogical position is a key thing to do on the part of the researchers, in the very beginning of their research work. Taking an epistemological position and allowing it to make an impact on the research methods is welcomed by certain sections of the experts. â€Å"We have seen that for some, the type of method to be used for research is largely determined by one's commitment to a particular epistemological position, and as it assumes a correspondence between epistemological position and research method†

International Organisations and their role in environmental protection Essay Example for Free

International Organisations and their role in environmental protection Essay Our planet has become a risk society; being exposed to the disastrous efforts as a result of the harm caused by humans. There are several risks with varying magnitude and severity such as the natural disasters like earthquakes, tsunami, tornado etc. and man-made disasters such as biological weapons, nuclear programme and so forth. Ulrich Beck, the German anthropologist intimates that the above mentioned factors indicate a world risk society. Natural hazards are existential threats to the entire human lives. Rising or falling sea level can remold the world’s coastlines and seashores and most of the densely populated areas on earth will be affected as a result. There is a drastic change in the behavior and rhythm of the sea that the uniformity of the sea which was found previously is terribly missing now. The living beings in these coastal areas would be going for a task; it affects the agricultural fields and extends to a level of causing great damage to cities across the coastal areas. As per the reports of Intergovernmental Panel on Climate Change (IPCC), the coastal regions inclusive of mangroves, reefs and several other regions are on high risk. Another alarming effect is the greenhouse effect. The role of Carbon monoxide, sulfur dioxide and hydrogen nitride are proportionately high when relatively compared to the other greenhouse gases. Reports from IPCC confirm an anticipated response in proportion to the rapid increase in greenhouse gases. The overall effect is observed to increase the temperature of atmosphere, precipitation and evaporation rates. Rising ocean levels and relative changes in the atmosphere are additional effects. Another relevant effect which is thrown in lime light is global warming- a rapid increase in the temperature of earths atmosphere (in simple words the air we breathe) due to the blockage of the earths radiation, that reflects back from the surface of the earth, caused by the formation of a blanket like layer from the excessive emission of hazardous gases such as Carbon monoxide, sulfur dioxide, and hydrogen nitride. This is also the reason for acid rain; due to the hazardous contamination of clouds with these gases the rain gets polluted and returns to the earth in the form of nitric acid, sulfuric acid, carbonic acid and so on. All the above mentioned effects have led to the depletion of a huge diameter of ozone especially in Australia and according to the reports it continues to expand. The practice of nuclear energy testing and the dumping of nuclear waste has led to change in the demographic position of tectonic plates which was the main reason for tsunami and earthquakes in India, Indonesia and the other coastal regions. It is important to be reminded that the disaster has caused a huge death toll. In addition to the existing hazards, there are so many pandemic diseases such as SARS, bird flu, swine flu and other diseases that have targeted several countries, leading to a significant death toll. International Organisations Every individual has started giving a thought about the environmental protection and preservation of energy. They are worried that the next generation would be left empty with nothing in reserve for survival. Environmental protection has become every countrys concern in todays world. In their attempt to preserve environment from further deterioration of environment, the states push off the economical cost to be borne by someone or the other, walking away with whatever benefit that could be incurred in the attempt. We are running on high risk with clear evidences such as hole in the Ozone layer, fast melting of icebergs, global warming and many natural havocs which are a result of exceeded exploitation of nature by human. The forthcoming natural hazards would be even worse beyond the imagination of human brain. Many International organisations such as World Meteorological Organisation, UNEP, UNDP and IPCC have played a major role in the protection of environment. UN Division for Ocean Affairs and the Law of the Sea (shortly recognized as DOALAS) is the secretariat of the United Nations Convention on the Law of the Sea (UNCLOS). DOALAS in coordination with UNCLOS assists, advices and submits reports on the marine resources, ecosystem and environment. Similarly the International Council for the Exploration of the Sea (ICES) established in 1902; an International Organisation attributed to the protection and preservation of the living beings and to maintain a check on the ecological balance of the North Atlantic Sea. The report also includes the rate of contamination and the source of contamination. This guides them to decide on the steps to curtail preventable contamination if any. United Nations Environment Programme (UNEP) an association formed to create awareness on the issues of environmental hazards, the causes of the environmental hazards and eventually to raise voice against the industrial sectors or individual accountable for environmental degradation. When the depletion of ozone layer was brought into limelight by the American scientists, UNEP and few NGOs volunteered to make a consolidated effort to build awareness among public through public awareness programmes. In response to the bourgeoning harmful effects of climate change, the United Nations Environment Programme (UNEP) came up with a group that would focus entirely on various scientific and socio-economic contributions geared towards understanding environmental and resource degradation brought about by climate change. This notable body was called Intergovernmental Panel on Climate Change (IPCC). Its main objective is to get the perspective of different scientists and other professionals from all over the world in order to touch all facets of causes and effects of climate change. Through this way, concrete actions could be taken based on the reports released by the intergovernmental body. According to the Global Environment Outlook 1 (UNEP Report, 1997), there has been a remarkable progress with regards to the implementation of biodiversity, climate and desertification conventions; however, there is still a visible lack of urgency present from across the globe. These reports which consist of environmental issues would be nothing if the society continuously fails to recognize the implications of their actions towards nature. Environmental progress in an international level could only be met if strong governmental structure and environmental unity would be strictly imposed on all regions of economic development. European Environmental Agency was established in 1990; aimed at consistent development and record maintenance on the improvements in Europes environment. They conduct periodical meeting and exchange information on the report submitted to know the real condition of the environment. They also established European environment information and observation network (Eionet) to provide a coordinated effort towards the protection of environment and preservation of resources. They form a group of 27 EU member countries which is inclusive of Turkey, Liechtenstein, Iceland, Switzerland and Norway Just recently, the European Environmental Agency (EEA) released their report entitled â€Å"Signals 2009† which highlights the primary environmental issues confronting Europe. One of the most impacting challenges of Europe is the sustenance of water in certain regions experiencing the blow of climate change. Some of the regions such as Cyprus and Turkey have been experiencing calamitous drought over the past few years which is why the water demand continuous to increase in an annual basis. In response to this trend, EEA recommends the need for adaptation and climate change mitigation in order to lessen the emissions of greenhouse gases within Europe. Governmental policies on adaptation also call for concrete projects that would tap the necessary resources in order to store and supply enough water for the people (Signals, 2009, p. 11). Nevertheless, the Signals 2009 Report covered fascinating yet informative depictions of what will become of our planet if none of these highly suggested plans of action were realized by the end of this year. Another enlightening and results-driven undertaking rose in October 2008 and it was managed by the International Human Dimensions Programme on Global Environmental Change (IHDP). This program wanted to veer away from the regional impact of climate change. It would rather focus on building an all-in-one package that would support the way nations govern their society as well as incorporate earth friendly systems in their future developmental plans. The scheme deemed necessary to build the Earth System Governance Project which aims â€Å"to engage more and more actors who seek to strengthen the current architecture of institutions and networks at local and global level† (Earth System Governance Organization, 2008, p. ). More so, this project finds it important to concentrate on five specific aspects that would form the structure and content of their science plan, and these are: architecture, agency, adaptiveness, accountability and allocation and access. All the same, they have integrated the themes of power, knowledge, norms and scale into their agenda in order to strengthen the formulation and implementation of their analysis on massive environmental pr oblems hitting our planet today. Though it is a politically-driven concept, it aspires, nonetheless, to create a globally regarded research network where every country can benefit from the projects and breakthroughs done by concerned scientists. The Role of United Nations UNEP conducted an international conference in Washington in 1977 with the issuance of World plan of Action for the Ozone layer and an Ad Hoc working party was formed to be in charge of the issue. The working party was constituted of environmental experts from 22 countries, eventually they submit a report of all the negotiations at the end of the ever year. The Toronto Group (IO formed by USA, Canada and Scandinavian countries) pinpointed the increased release of CFC from EU. EU refused to agree to reduce the production of CFC by using the lapse that there was no evidence to prove the connection between ozone depletion and CFC. Eventually in 1985, Vienna convention was established. It is an agreement signed by most of the European countries and the objective is to acknowledge the efforts to protect ozone layer and to cooperate to protect the layer. The UNEP along with the Toronto Group conducted marathons for public awareness and various conferences to insist the reduction of CFC by a significant proportion say 95%, but the EU agreed to reduce it only by 50% in 1999 due to the pressure from Germany. Yet the developing countries and small countries were under tremendous pressure as the reduced production of CFC would affect their growth, eventually they agreed to reduce it to a great extent as much as 300 grams per capita. In 2000, EU joined 81 states and showed an active participation in ban the production of CFC. The developing countries were guaranteed financial aids to assist the reduced production of CFC. The USA and Japan was slowly backing out with its slowing of the process whereas EU was very concerned and it continued till 2004, until the issues were resolved and the countries agreed to stop the production of CFC completely. There were a number of treaties such as Vienna convention of 1985, the Montreal Protocol of 1987, the Amendments of London (1990), Copenhagen(1992), Vienna(1995), Montreal (1997) and Beijing (1999) (www. nep. org/ozone/index. asp) regarding the fund allocation and technical assistance. World Bank, UNEP and UNDP played a major role in allocation of funds to execute Montreal Protocol. In the context of dealing with transboundary environmental issues, UNEP and WMO (World Meteorological Organisation) played a major role in the formation of Coordinating committee on the Ozone Layer (CCOL). The objective of the committee was to create awareness and to spread the pros an d cons of Ozone depletion. Later with the help of the scientists they were able to discover the fact that the reduced production of CFC will contribute towards the decelerated depletion of Ozone perhaps would not stop the depletion completely. The Ozone was measured by the US space agency NASA, the connection between the CFC emancipation and the depletion in the Ozone layer was also proved. Conclusion Global environmental issues have always been an issue of concern since there were no coordinated efforts from the International organisations. As a result, the continued efforts to preserve Mother Nature from the industrialist countries and developing countries have not been successful down the years. The industrialised countries were concerned about their growth and in the process failed to realise hazardous effect that was caused in turn. The most prudent effort of an International organisation purely depends on the way it deals with the political and technical accords. Several times their attempt to convince the developing countries and capitalistic countries was in vain. Most of the times the International Organisations are driven by the politics of the global economy and that is the major cause for a biased decision making. Nations which follow the ideologies of capitalism and socialism, both followed paths to develop their countries at the cost of exploiting the environment and causing maximum utilization of available resources. The major reason for such an unorganised work style, according to liberalists, is due to the lack of global governance.

The Mission And Vision Of British Airways Business Essay

The Mission And Vision Of British Airways Business Essay British Airways is one of the oldest and the most reputed airlines functioning in the world. It was started on 1st September in the year 1974. It is the official airline of the United Kingdom. It is owned by the government of the United Kingdom but it is run by private firms. It is also known as BA. It was formed by the merger of four airlines they are The British Overseas Airlines Corporation (BOAC), The British European airways (BEA), Cambrian Airways and finally the Northeast Airlines this took place on 31st march 1974. Thus BA was formed. It was one of the few prestigious airline to fly the Concorde the supersonic passenger plane. It has a large fleet of 239 aircrafts. It flies to 300 destinations. It employees 42,755 employ . It is a public limited company also listed on the London stock exchange. The main headquarters of BA are Heathrow airport and Gatwick airport both are situated in London. It is also a star alliance member. The total revenue earned by BA in the year 2010 was  £7,994 million. Mission And Vision:- Visi Fig1.1 Mission, Vision, goals, objective cycle It is defined as A mission describes the organization basic function in society , in terms of the product and services for its customer -Mintzberg The above definition explains how important a mission is for a organization as it helps in building its own image in front of the customer that it wishes to give services to. It maybe a just a sentence but it creates a image in the mind of the reader what the organization is made up of. It also helps to give the brand a competitive edge as the mission statement will help in showing the uniqueness of the brand. The mission statement of British Airways is as follows One Destination seeks to ensure our customers fly confident that, together, we are acting responsibly to take care of the world we live in. BA mission statement on reading creates a mindset that they always be safe on ground or in air and they want the customer to feel safe and confident when they fly British airways. They have also maintained their mission statement as they have least accident history and they always have new fleets and always updated with latest technology. Values:- Organizational values define the acceptable standards which govern the behaviour of individuals within the organization. Without such values, individuals will pursue behaviours that are in line with their own individual value systems, which may lead to behaviours that the organization doesnt wish to encourage. Thus values are very important for the organisation for achieving the vision that it aims for(Value of Organizational value)(http://www.teal.org.uk/mat/page6.htm)(accsed on 22ndApril 2011) The values of BA are as follows:- OBJECTIVE:- Objectives are normally quantified statements of what the organisation actually intends to achieve over a period of time. According to Mintzberg (1997), Business Enviourment; Viva books. He says that objective help the organisation to conduct activities that will help in acquiring the mission of the organisation. He also says while forming a the objective the organisation must use the SMART technique. The objective should contain these points. Fig 1.2 SMART Objective The objective of BA is as follows:- Fig 1.3 Objective of BA 1.b) Evaluate the extent to which an organization achieves the objectives of three stakeholders. The individual or groups who have interest in how a organisation performs because they have some stake in it and thus it affects them in someway. In the modern world they are mainly of two types which include primary and secondary stakeholders (Stokes D., (2002) Small Business Management (4th edition) Thomson Publications: UK.) The primary and secondary stakeholder of BA have a effect on the airline as they are somehow related to the organization. Thus in the table below the author has shown how both of these can affect the airline Stakeholders General Interest Influence Shareholders .A Steady flow of revenue .Should be well informed about the risk and plans .Continuation of Business -Exercising ones right to vote -Checking the annual book as well as the statements. -To defend against wrong issues Managers .Pay and Status .Job Security .Job Satisfaction -Growth of the organisation -Participating to improve the organisation with recommendations Employees .Job Security .Pay and Condition .Job Satisfaction -The union may go on strike -Exposure Customers .Receiving goods and services of a reasonable quality .Receive optimum level of services .Great value for money paid -Choosing other airline over BA -Bad impression about the airline -Not using it services Suppliers .Being paid promptly for the goods and services delivered .Receiving regular repayment of the capital provided -Not delivery the Services on time. -Serving competitors Government and General Public .The organisation is meeting the relevant legal requirements .Social welfare of public is protected .Helping the nation and public to progress -Licenses, law and permits -Strict laws against them -Social activist -Boycott or appreciate the company. Fig 1.4 Shareholders their interest and influence All the organisation in the world to run smoothly and efficiently need to satisfy its stakeholders as they have a stake in the organisation which can affect the organisation in both good and bad ways as shown in the table above. Thus British airways is no exception even they have tried to meet the satisfaction of the stakeholders so as to progress more and achieve their targets. Below are given the instances where British airways have satisfied its stakeholders Employees they are the most important part of the organisation for the smooth and progressive functioning of the organisation. As BA is a large organisation hence it employs a large no of employees whos need and wants he need to caters. Thus BA has done many changes like improving the workplace where they function reasonable working hours were allotted to them then they have also introduced various crew programme which help them improve the safety of themselves as well as the customer. BA has also started recruiting people from all over the globe so as to maintain a equality among the employees. Their wages are also improved compared to what they were paid earlier some changes were done by BA for some the union had fought to get it done Society are a major concern for organisation like BA because if society is not benefited from them they wont allow smooth functioning of the airline for the same reason BA has contributed a lot towards society by giving them employment in the firm also setting up various NGOs to help the underprivileged society also contributing some amount towards charity. They have even started cutting down their co2 gases by using much more fuel efficient engines as well as machines used at the airport thus contributing o save the enviourment. Customers are the important part for the organisation to progress because e if customers arent there then who will the airline serve and earn money from. As BA is in the service industry they need to take good care of their customers so as to improve their image as well as their market standings. For the same they have improved their economy class cabin by improving the quality of service provided also they have introduced the programme known as CUSTOMER KING which is for the first and business class travellers. They have also increased their security standard so to increase the safety of their passengers. Q.1c) Explain the responsibilities of an organisation and strategies employed to meet them? Social Responsibility of an organisation may be defined as the obligations that the organisation has towards the people and the enviourment in which the business functions. In other words the corporate social responsibility is a process where the organisation can improve its functioning in outdoor as well as indoor processes so as to increase the vision, improvement and add competitive advantage to the company. BA has to maintain the business ethical criterion responsibly they also known the importance of their stakeholders and hence they follow the regulation so as to protect the social, environmental, financial, and economical of the stakeholders. In order to complete these aspects BA follows all the legislation laws and rules laid down for safety, employment and other such stakeholder related aspects. By following these laws and jurisdiction BA shows loyalty towards the corporate social responsibility as a business should show. Below are given few social responsibility that British airways follows and tries to do the needful for it (Corporate responsibilities (2007) one destination [online] (updated on 2010) Available at: http://www.britishairways.com/travel/csr-corporate-responsibility/public/en_gb?link=main_nav [Accessed 15th may 2011]. Environmental Protection Act:- BA has started to contribute a lot towards helping in saving the enviourment the reason being that there have been more strict rules by the government in recent years so to implement those and also create a healthy enviourment they have taken various steps in help protecting the enviourment The steps taken are as follows:- Fig 1.5 Enviourment Protection Act Safety and Security Act:- British airways are known for their stringent security measure that they follow. The safety of the passenger and crew are their highest priority. BA also follows the most advanced and sophisticated machinery in their services so as to assure the passenger that they are in safe hands. They also have a outstanding record in safety and security flied. Fig 1.5 Safety and Security Measures Employees Act:- The staff of a company are those people who work for a particular organisation or a industry, but apart from that they are a part of a large society where the organisation functions. The first labour law in Britain was made in 1974 for the people or employees of and organisation. The law consisted of various aspect that would help the employee to feel secured and satisfied in the workplace. Some of the laws were Self Organisation, Collective Bargains, To work what is suitable to employee, and job security. Thus BA follows these rules laid down by the government and also supports it. So as to keep the employees happy and smooth running of the organisation. 2.)Using PESTLE and any management tool you are familiar with evaluate the impact of macroeconomic policy measures and the influence of the global economy on British Airways and its stakeholders? PESTLE Policy Implications On BA Political Heavy Regulation (AEA,2009) Increased Security due to past terrorist attacks(DFT,2009) .Compliance is necessary if BA wants to continue operations .Enough security measure should be undertaken to maintain the competitive advantage and beliefs in consumers Economic -Economic Crisis the growth projected at only 2%in 2009(IMF,2008) -Pounds weakens against Euro Fluctuations of oil prices .Possible decline in the business travel as companies are using alternate methods like telephone conferencing. .BA will face poor exchange rate as well as due to the fluctuation it will affect their cost base as the rate they might get for the currency might get low Social The population in UK is ageing given by national statistics. Due to recession there is increased unemployment .This a great opportunity for BA as older generations have more money and time to spend. Technological New technologies regarding the fleet and improvement and addition to the fleet The number of people using e-check in has increased a lot .As there are new aircrafts coming in the market BA should keep its fleet updated with these machines .BA should keep itself updated so as to remain in the competition Environmental/ Ethical Expansion of its main terminal is difficult because it comes under Londons green belt area Consumer are aware of what are the effects of air travel as they are increasingly becoming more green. BA has to convert limited space into full utilisation of the capacity that it has BA has to adopt to all its environmental strategies to keep the consumer with them Legal Collusion and Fixed Pricing Open skies Agreement(AEA,2009) Restriction on having mergers will affect their alliance with American airlines .BA has a great opportunity of transferring aircrafts between him and America Fig 2 Pestle on BA (www.scibd.com) The other macroeconomic policy that can effect BA are as follows:- -Monetary Policy in the UK is concerned with the decision of rate of interest and the supply of money in the economy. The one who controls the interest rate in the UK are the Bank of England Monetary Policy committee. The current rate decided by the bank of England is around 2.0% . If they decide to increase the rate then it wont be feasible for BA to borrow loans from them as they will have to pay very high interest rate thus they wont benefit from it. But if they lower the rates then BA can borrow from the bank and achieve their objective much quickly. -Exchange Rate Policy is handled by the government. The exchange rate is controlled by how much amount of gold and foreign exchange currency do they have in reserve in the central bank. The rate is even altered when the interest rates go higher or lower. If the exchange rate is high then BA will benefit as the goods it will buy will be cheaper as the currency they using will be higher and thus they can make profits. But if it goes down then BA will face losses as the things that were cheap will became expensive and they will have to increase the air fares which will see a decline in their sales. These are some policy that the author think can BA . All the organisations in the world are affected by the social economic and enviourment factors globally. As BA is a large organisation operating in more than 300 countries hence it has to fulfil and satisfy all its stakeholder. Britains economy policy affects a lot of organisation below is given their policies that influence them Government Organisations Overall Economic Policy -Market Demand -Cost of Finance -Taxation Industry Policy -Protection vs Free trade grants, -Incentives, Sponsorship Regulation eg:- Investor protection, company law, entry barrier, capacity Social Policy -Work Place regulation, -Employment Law -Labour Supply -Skills, Education Foreign Policy -Trade promotion -Export Credits EU and WTO obligations -Export promotion to allies Environmental and infrastructure Policy -Distribution Fig 2.2 Economic Policies of UK Social Welfare policy which BA follows are it has introduced work place regulation which enables its employees to work freely in the workplace as they have been given high level of training which helps them to do their work with much ease and perfection as well. The safety standard used by BA is also very high and the crew are also given sufficient amount of rest and training to function effectively. BA also has normal working standard and all the aspect that are included in the employment law. The employees are also given a lot benefits which include perks, pension, maternity allowance, social fund as well as other benefits which help make their private life better as well. These are some of the policy that BA follows towards its employees 3.) Explain whether the problems facing the British airways can be found in a planned economic system and discuss whether the economic system in which the BA operates allocates resources better. Different nations of the world use different approaches or types of economic system. The core of the economic problem is infinite desires versus limited assets. The study of economics is basically how nations allocate their resources in the best way so as to maximize the productility and services to fulfil the satisfaction of wants. In modern economies there are various ways of dealing with scarcity. The various kinds of economy are as follows:- Fig3.1The different types of economic systems (BPP, Learning media, (2007) Business essentials: Business environment (3rd edition) viva books Pvt ltd: London) The economy followed by Britain is a mixed economy because there is a balance between the market forces and the state interventions. The advantages of mixed economies are any one can set up a business and choose what to produce and even set their own cost. Even though they pay taxes they reap benefits through social programmes. The disadvantages of mixed economy are many business find it difficult to find a market for their products also they cant control the taxes they pay, merchants always complain that they are very high.(http://www.blurtit.com/q917361.html) accessed on 14th may 2011) In mixed economy the decisions of resources provision would somewhat depend upon the forces of supply and demand curve and it might also depends on the aims and the objectives of the firm. BA after privatization faced a lot of changes as after the merger BA had changed some of its rule and accepted a few of the other airlines rule. It even started to fly to more international destination once the demand for that increased. Because of this reason their whole allocation shifted from one firm to anther and from domestic to international. Because BA is in a mixed economy there is always a chance of growth as the private firms will help them, Also BA has to complete all the requirements that are jotted down by the stakeholders or even the government. But as of now BA is fulfilling all the criteria that are laid down by the government as well as also helping the airline to grow as much as it can. Thus Mixed economy helps BA to allocate its resources better than any other economy would have. 4.) State the market in which the British Airways operate and discuss whether it is easy to merge in that type of market (regulatory environment implication etc)? The level and amount of competition faced by the firms varies a great deal. There are many types of market and no market is similar to each other in some single firms dominate in other there might be a lot of competition for the same product or service. The market structures that the firms operate are different from each other. Figure 4.1 The Different market structures. Perfect competition:- When there are many people in the market, and other condition are such , that no one can influence the price, all other things being equal. This occurs when there are lots of sellers and lots of buyers and nobody can have any effect on the total quantity for sale or the total amount that the buyers want. There is a freedom in the entry and exit of the industry. Monopoly:- When there is only one supplier for a product or service in a market we call that as monopoly market. The business owns a key source for which substitute is very hard to find. The pricing of the product is decided by the firm itself. Duopoly:- It is a market were two sellers compete with each other for a homogenous good . The output of the firm is believed to be fixed. The example can be If BA lowers its transatlantic fares then how will virgin react to it? It is a case between competition ad monopoly. Oligopoly:- When there are a few large suppliers, whose business decisions affect each other they are said to be in oligopoly market. The example that author has chosen is from the airline industry as he can link it to BA. Suppose if BA was to lower their airfare for a particular sector on which even virgin flies then to be in the competitive race even virgin will have to lower its prices. Thus in oligopoly market if one makes a decision then it has to effect the other. New firms cant enter this market as it requires huge amount of investment. This lowering of prices of both the companies is known as price wars. Competition Commission;- The competition commission is an self-governing public body established by competition Act 1998. It replaced the monopolies and Mergers Commission with a superior power to take authoritarian actions or measures in the closure of the company. BPP, Learning media, (2007) Business essentials: Business environment (3rd edition) viva books Pvt ltd: London). This body mainly makes sure that no organisation should form merger or cartels with each other to convert the market from oligopoly to monopoly market. 5.)Explain whether the British airways have benefited from international business/trade and the European Union. What will be the business implication to the BA, if the UK, joins the European Monetary Union (EMU). International trade is the exchange of goods and services between countries. An import is the UK purchase of a good or service made overseas. An export is the sale of a UK made good or service overseas. BA is a international airline which operates in more than 300 destination. It operates in continents Asia, Europe, America etc. As BA being a British company it has chosen Europe as its global market. One of the reason being that it is the member of the European union. BA has benefited from international trade big time for many of the events like given below:- -There is free trade of aircraft between BA and American airlines hence they can upgrade their fleet without paying the duties -The land cost in Britain is very high compared to rest of Europe hence they use to set up big factories which they need at places where the land is cheap. -The labour in many parts of Europe is also very cheap compared to Britain. -The currency they use is accepted all over Europe and hence they dont even lose any money on exchange rate. -The raw material which is needed by BA is obtained at much cheaper rate from European countries These are some of the benefits that BA has by doing intenational trade with the European union members. Fig5.1 Trading benefits with Europe

Scientific Advancements in Medical Technology

Scientific Advancements in Medical Technology Alice Wyatt Scientific advancements 3D printers are used for many things including medicine to guns and other illegal items. Scientists have created a new 3D printer inspired by terminator 2. This means that it will work 100 times faster than the normal 3D printer and can make items in minutes rather than hours. Many people are happy because technology is being advanced. â€Å"Freaking awesome tech. This will also allow shapes to be designed and built that are impossible with current methods.† Said by Funcrew on the guardian website. This shows that many of the public are having positive thoughts about the new technology that is being produce and how it is shaping the world and how we are using the technology in everyday life, it also shows how this new technology will allow us to do things we couldn’t before. 3D printing is used in many different ways and one is being a part of the dental industry and being used by dentists so that they can poke and prod and them and to show the patients what is going on in their own mouth and explain procedures that they may go through. Many people are not understanding why we need a more expensive models just to show patients procedures. â€Å"Do they need a new, presumably more expensive, model just for the purpose of explaining procedures to patients?† said by Pollik. This shows that although many people have positive thoughts the other half of the public have negative thoughts and don’t understand why the technology is being used and the technology we use now is just as good and is not as expensive as the new technology coming onto the market. These negative attitudes make people jump onto these attitudes and start to criticise the technology and result in the technology not getting brought, however the positive attitudes may make celebrities and other famous people to accept these technologies resulting in a lot of people wanting this new technology and making the sales go very high up. The debate about 3D printers at the moment in who actually buys these as if it is criminals who buys these to make guns and other illegal items, this could mean in the criminals running wild and being able to make many, many items in just a week, this could cause a lot of problems throughout the world. Whether as the 3D printers that are used for medical advancements or in certain business industries are useful and therefore there is no debate on using 3D printers in these terms, it is just when the 3D printers are not used for good things, this then results in the society not looking the new technology when it is being used for bad things. These issues that the public has about the 3D printers are not important enough to stop any development of the 3D printers. This is because the 3D printers are more or less being used for the health and wellbeing of the public in the NHS with medical issues and dentistry issues and also in the different industries of business, and are only ever rarely used by criminals for illegal ideas. 3D printers are used a lot to help people and explain to people things that they can’t see themselves. People’s perception of 3D printers can be improved by the government and businesses taking the 3D printers of the market to the public and just letting businesses or the NHS being able to buy these this would result in criminals not getting a hold of the 3D printers and the public can stop worrying about what they will do with them. People’s perception would also change about 3D printers if they cost a bit less to buy as they k now that the NHS and other businesses will be buying these things for experiments and the public know that buying expensive equipment in the NHS means that they won’t have money to do other things as they don’t have money as it is. Bibliography: What are the pros and cons of MRI scans?  M Billingsley – 15th March 2012  http://doc2doc.bmj.com/forums/open-clinical_radiology_pros-cons-of-mri-scans  [Accessed on: 13/03/15] What is a Heart MRI?  Brain Krans – 26th June 2012  http://www.healthline.com/health/heart-mri#Overview1  [Accessed on: 13/03/15] Medical Applications for 3D printing: Current and projected uses, C Lee Ventola – October 2014  http://www.ncbi.nlm.nih.gov/pmc/articles/PMC4189697/  [Accessed on: 18/03/15] Gartner says uses of 3D printing will ignite major debate on ethics and regulation, Conn Stamford – 29th January 2014  http://www.gartner.com/newsroom/id/2658315  [Accessed on: 19/03/15] What are the ethical issues surrounding gene therapy?  March 16th 2015  http://ghr.nlm.nih.gov/handbook/therapy/ethics  [Accessed on: 19/03/15] Scientists create Terminator 2-inspired 3D printer, Hannah Devlin – Thursday 19th March 2015 – 18:45  http://www.theguardian.com/science/2015/mar/19/scientists-create-terminator-2-inspired-3d-printer  [Accessed on: 19/03/15] Smile! Meet the 3D printer churning out teeth, nerves and gums for dentists, Stuart Dredge – Monday 16th March 2015,  http://www.theguardian.com/technology/2015/mar/16/3d-printer-teeth-nerves-gums-dentists  [Accessed on: 19/03/15]

Buddhist Art in Japan Essay -- Art Artistic Arts Buddhist Buddhism Ess

Buddhist Art in Japan Buddhism had an important role in the development of Japanese art between the sixth and the sixteenth centuries. Buddhist art and religion came to Japan from China, with the arrival of a bronze Buddhist sculpture alongside the sutras. Buddhist art was encouraged by Crown Prince Taishi in the Suiko period in the sixth century and Emperor Shomu in the Nara period in the eighth century. In the early Heian period Buddhist art and architecture greatly influenced the traditional Shinto arts, and Buddhist painting became fashionable among the wealthy class. The Amida sect of Buddhism provided the basis for many artworks, such as the bronze Great Buddha at Kamakura in the thirteenth century. Many of the great artists during this Kamakura period were Buddhist monks, and Buddhist art became popular among the masses with scroll paintings, paintings used in worship and paintings of saints, hells and other religious themes. Under the Zen sect of Buddhism, portraiture of priests became popular. Ho wever, Zen had less use for religious images and by the mid sixteenth century most painting in Japan was of landscapes and secular themes. Buddhist art was introduced to Japan along with the Buddhist religion in 552 AD. Almost all the art produced in this Suiko period in Japan was to do with the new religion. "The introduction of the Buddhist faith had from the very start gone hand in hand with the introduction of Buddhist images." (Munsterberg 1985: 19) These Buddhist images included Chinese scrolls depicting the life of Buddha, at first copied by Chinese priests in Japan, later painted by the Japanese themselves. With the introduction of Buddhism, temples were needed for the practicing of the religion. This consisted of ... ...se Art Kodansha Ltd, Tokyo, Japan. Jarves, J (1984) A Glimpse at the Art of Japan Charles E. Tuttle, Tokyo, Japan. Kleiner, F.S., Mamiya, C.J., Tansey, R.G. (2001) Gardeners Art Through the Ages. Eleventh Edition, Harcourt College Publishers, Orlando, USA. Kobayashi, T. (1975) Nara Buddhist Art: Todai-ji. John Weatherhill Inc, NY, USA & Heibonasha, Tokyo Mizuno, S. (1974) Asuka Buddhist Art: Horyu-ji John Weatherhill Inc, NY, USA & Heibonasha, Tokyo Munsterberg, H. (1985) The Arts of Japan An Illustrated History Charles E. Tuttle, Tokyo, Japan. Reeve, J. (1990) Living Arts of Japan British Museum Publications Ltd. London, UK Stanley-Baker, J. (2000) Japanese Art Thames & Hudson, London, UK Smith, B. (1979) Japan A History in Art Gemini Smith Inc. Tokyo, Japan Tsuda, N. (1976) Handbook of Japanese Art Charles E. Tuttle, Rutland, Vermont, USA.

Importance of Clothing in Prologue of the Canterbury Tales :: Canterbury Tales Essays

Importance of Clothing in Prologue of the Canterbury Tales Countless people believe in the cliche "do not judge a book by its cover": but why not? Clothing often forms another's first impression of one. It speaks of where a person has been and where they intend to go. Their appearance also illustrates a person's true self and aspirations. A man wearing torn jeans, dingy shirt, and old shoes might be thought of as poor or coming home from a hard day's labor. However, a young woman in a Gucci dress with Versace pumps could be assumed to have access to a large amount of money. In "The Prologue from the Canterbury Tales," Chaucer uses clothing as an insight into people's ongoing adventure called life. In the Prologue, humbled by his life experiences, the Knight dresses plainly. Garbed in a stained coarse cotton tunic, the knight sits upon his horse. Seen in a different setting, the Knight's attire would say little about his life as an honorable man. By humbling oneself, a true hero lends credence to the fact that flash is not always needed. His armor left dark smudges on his tunic. Humbling experiences cause humans to step back and analyze the fortune they have; they learn that they do not have to wear their achievements. Sometimes people boast their success through fine clothing. Unlike the flamboyant Yeomen, the distinguished knight wears old garments. The Yeomen succumbs to society's inclination that when he dresses the part he will become successful. He wears a coat with a green hood. From a low social standing, he believes that the better he looks the more successful he will become. Emphasis should be placed on one's achievements and inner self rather than outward appearance. A saucy brace is worn on his arm to protect it from the bow. At first glance, one would assume that he was a superior archer of high standings rather then a lowly Yeomen. Looks can be deceiving, but the illusion fades as one's true self shines through. Extravagant best describes the Yeomen's style while plain and reserved best depicts the nun. Chaucer illustrates how small insignificant accessories can have a deeper meaning. The Nun wore a coral trinket on her arm.

Mid-Semester Coursework Assignment

City University of Hong Kong School of Law LW3902 The Law Relating to Companies Mid-Semester Coursework Assignment Semester B, 2012/2013 Instructions to Students: 1. The assignment is worth 50% of the overall mark for this course. The total word limit is 1,500 words, excluding footnotes and bibliography. You must do a word count and indicate the number of words on the cover page. If a paper exceeds the allowable word limit, only the first 1,500 words will be read and marked. 2. Your answers must be double spaced, and typewritten in 12 point, Times New Roman font.Failure to comply with this format will result in a penalty of five (5) marks. 3. Indicate the course code and title, your name, student number, seminar section, and lecturer’s name on the cover page of your assignment. 4. The deadline for submission is Friday 15 March 2013 at 5 pm. Additional instructions on the submission of your coursework assignment will be provided to you on Blackboard / in class. 5. You must stri ctly adhere to the policy of City University of Hong Kong on plagiarism, which is a serious academic offence. Suspected plagiarism may be subject to disciplinary action.You may discuss your work with others, but you must provide your own answers. In case of doubt as to what amounts to plagiarism, please consult your lecturer. All coursework assignments will be reviewed on Turnitin for plagiarism and originality. 6. Any sources for your answers must be footnoted in the paper. You should cite authority (i. e. cases and/or statutes) to support your legal arguments, and these sources must be acknowledged. 7. Examples of proper citation: Case: Liu Hon Ying v Hua Xin State Enterprise (HK) Ltd [2003] 3 HKLRD 347 Statute: s. 75(1) of the Companies Ordinance (Cap 32) 8. Extension to the deadline for submitting the assignment may be granted only in exceptional circumstances. Prior to obtaining any extension to the deadline, you must first approach your lecturer well in advance with a reason a nd supporting documentation for the request. 9. Any late submissions without permission will incur a penalty of 5 marks per day. For example, for a 2-day delay, a student’s mark may be reduced from 80 marks to 70 marks. No assignment will be accepted after 22 March 2013. 1Instructions: Answer both questions. Question 1 (50%) Lee used to work as a chef at Golden Wok of Fortune, a famous dim sum restaurant in Mong Kok, Kowloon. During his employment, Lee gained a lot of experience in the art of making, preparing and serving dim sum. In particular, Lee learnt the secret ingredients for the restaurant’s special sauce, which made its dim sum items so popular. Since he was a child, Lee had dreamed of starting his own dim sum business, and after many years of dedicated service to Golden Wok of Fortune, Lee decided to leave the restaurant.However, Lee’s employment contract with the restaurant contained a non-competition clause which forbade him from setting up a competi ng dim sum business in Mong Kok within 1 year of termination of employment. It also contained a confidentiality clause which prohibited him from disclosing the ingredients of any recipes that Lee had learnt in the course of his employment. To circumvent these restrictions, Lee incorporated a catering company called Fragrant Kitchen Ltd. specializing in the preparation and sale of dim sum items for office parties and other special events.The head office of the company was based in Shatin, but had branches located in Mong Kok and Tsim Sha Tsui. Lee appointed himself CEO of the company, and was the only director and shareholder. The products of Fragrant Kitchen Ltd. were very popular because of its special sauce, which tasted suspiciously similar to that of Golden Wok. Lee also embarked on a very successful marketing campaign, with the motto: â€Å"Enjoy excellent dim sum in the comfort of your own office or home. Don’t come to us, we will come to you! Due to the attractive pri ces offered by Lee’s new company, many of Golden Wok’s previous customers stopped patronizing Golden Wok. Golden Wok has since become aware of Lee’s connection with Fragrant Kitchen, and is considering legal action against Lee. Advise Golden Wok. Question 2 (50%) Michael and Joshua, both of whom are freelance interior decorators, decided to go into business together in 1990. Michael contributed HK$500,000, a vehicle and some supplies and equipment to the business. Joshua did not contribute any money or assets, but agreed to work full time for the business.Michael and Joshua did not sign any partnership agreement. In the course of their long collaboration, Michael paid Joshua a monthly wage of HK $16, 000, and also paid himself out of the business bank account. Only Michael had signing authority on the business bank account. Joshua was very dedicated to the business and all of his customers were impressed with his decorating skills. Michael, on the other hand, pl ayed a largely managerial role in the business and left most of the decorating work to Joshua.Michael pocketed 2 all of the profit generated by Joshua’s decorating work, but re-invested some of the money in the business over the years. In 2011, Michael acquired a new office building for the business, which Joshua helped decorate and furnish. In 2013, after 23 years of working side by side, the relationship between the two men began to sour. Joshua now wishes to be acknowledged as a partner and claims to be entitled to 50% of the business’s assets. Does a partnership exist? Advise Joshua. 3

Discuss Research Into Effects of Workplace Stress Essay

A explore for formplace try on was conducted by both Marmot and Johnson and Hall. Marmot researched pillow slip for low take and whether it was linked to more than than stress. Johnson and Hall researched gritty work load to stress. Marmot conducted an investigating with participants from London based government well-bred servants, and the studies ar therefore referred to as the Whitehall studies. polished employees in London were asked to volunteer to bear part in the cultivation.High value employees were comp ard to Low denounce civil servants. Marmot piece that workers with less(prenominal) control were four propagation likely to die of heart bam than their colleagues with more control. In addition they were more likely to suffer from other stress related disorderes such as cancers, ulcers, deliver disorders and strokes. The conclusion was obvious, that lack of control seemed to be associated with illness and they recommended that employers gave their staf f more familiarity and control. The study showed to be correlational.This is because it can and be said that there appears to be an association with low control and stress-related illness. It cannot be assumed that law control is make illness. It could be that workers with poor health are likely to achieve the elevated uper grade furrows with more control. For all the more reasons to break the keep an eye onings. Also the research is said to be self-reported. This is because workers filled in their own questionnaire which is wide of the mark and eligible for participant reactivity.Also if the workers ready out what the researchers are looking to find then the results would be biased and so they whitethorn answer the questions accordingly. For this reason the findings of the research may be inaccurate and so will not be reliable. The investigation that Johnson and Hall did was done on a large scale and they investigated with 14000 male and distaff Swedish workers. They us ed self-report questionnaires. They compared lumbermill workers noble furrow occupy and low control with maintenance workers who had low job regard and high control.Sawyers in Swedish sawmill had more illnesses and higher levels of adrenaline in urine than lower risks groups. This shows that high necessity and workload is associated with stress related illness. The study relies heavily on self-report techniques making them less reliable. A person learning of their workload may not be totally accurate or unbiased. Also cause and effect is hard to establish and high demand/low control jobs may be linked to social class. moreover the study doesnt take into count on of individual differences.Lazarus, another psychologist, claims that it is the perception of work overload that is the important factor quite an than the number of hours/the actual amount of work. In this sense, work overload is a perception held by a worker that they are required to work too persistent and/or too hard. Those who have high hardiness may see demand as a challenge sooner than a threat this therefore weakens Johnsons boilersuit assumption of work stress modify individuals in the same way. The research on study stress has a approximate significance on its stressors as it affects productivity, motivation and time off work with health problems.Therefore occupational psychologists are brought into the workplace to reduce the workplace stress. The study in any case has practical applications and so many employers without delay take stress in the workplace very seriously. Stress is bad for logical argument as it is seen to cause ill health, absenteeism, high staff turnover and low job performance all of which costs the company money. The research also has extraneous variables. This is because disdain the link between lack of job control and stress related illness found in many studies.

Isolation in The Great Gatsby Essay

Hundreds of hatful atomic number 18 gathered around dancing, drinking, and having a dear time. People are causall(a)y lecture and laughing. Men and women from all around are having the time of their deportment. However, the lookstyle of the urban center, m geniusy, and connections define dressedt always create fulfilled, happy lives. For Daisy Buchanan, notch Carraway, and Jay Gatsby, they are neer alone neerthe slight always separate. Daisy Buchanan uses her need for attention and bulk to adore her most likely to spinning top up her fear of isolation.From the beginning Daisy has near been alone. Her husband Tom was not hitherto there for the birth of their only daughter. Well, she was less than an hour nonagenarianer and Tom was paragon admits where. I woke up out of the aether with an utterly throw out faceing (21). She was truly isolated from Tom at that order of time in their marriage. This stems her fear of field alone leads to the suspicion of To m and myrtles affair. She doesnt subscribe the vividness to step away from Toms money or her fear and demonstrate him though. She uses attention to cope with his affair. For example, she kisses Gatsby in her declare husbands house. She needs to know that someone will give and stick her attention. She lets her fear of isolation run her life.dent Carraway is the one of the most isolated characters in The Great Gatsby. He once tell that, At the enchanted metropolitan decline I felt a haunting loneliness sometimes (61-62). Through this abduce ding expresses his overwhelming loneliness of city life. He is originally from the Midwest and doesnt know service populacey people in West or East Egg. He feels alone in the crowd specially at Gatsbys famous parties when introductions (are) disregarded on the spot (44) and enthusiastic meet occur between people who dont even know separately others names. mountain pass as puff up feels alone when he realizes he had off thirty al ready.He fears growing obsolete because he sees isolation within old age. He sees the people around him and notices that no one is truly happy and as they age life doesnt get any better. Jay Gatsbys death corroborate his fears of isolation. Gatsby was the most well known man in West Egg and hundreds of well known, famous people showed up at his parties every night, so far Nobody came (143) to his funeral. Nick was sound an average person just trying to work his way up to the American dream. If no one came to put forward goodbye to Jay Gatsby after his death, what was in interject for him when he died. This mphasized his fear of growing erstwhile(a) and being isolated.Jay Gatsby seemed like he was on top of the world from the outside looking for in. He was extremely wealthy and had hundreds of people at his house at all times however, on the inside he was just like everyone else, lonely. The love of his life married a different man when he went off to war. He had never gotten over her and always longed for her to come cover version to him. He isolated himself from everything that didnt have to do with her. He made his money, bought his house, and threw his parties in hopes to impress and get her back into his arms. He was soundless in need of familiarity though.He asked Nick Carraway to go to rock rabbit Island in his car late one night. Then, when Nick said it was too late, Gatsby asked if hed like to go swimming. Nick turned down his offer yet again. Gatsby had all the toys, money, and people in the world to interact with yet he was still lonely because he had isolated himself so much from the outside world. Even into his death, Gatsby didnt have anyone unless a few people at his funeral. He had isolated himself so much he never made any true relationships. passim The Great Gatsby, Daisy, Nick, and Jay suffer from the fear or isolation of the outside world.The dream life of knowing people, being wealthy and quick in the city with the upper bod is as glamorous as it seemed to be for these characters. They are always around people, but always alone. Itll show you how Ive gotten to feel about things. Well, she was less than an hour old and Tom was God knows where. I woke up out of the ether with an utterly abandoned feeling, and asked the nurse right away if it was a boy or a girl. She told me it was a girl, and so I turned my drift away and wept. All right, I said, Im glad its a girl.

Dutch Disease

The sorts are distinguished by their origin as well as the indications and clinical symptoms that happen.Later on 1970, when oil price soured by 4 times; UK was tempted to invest in North Sea oil industry in Scotland.Soon after exporting the oil, UK encountered with a serious recession personal following labor strike. Firm workers demanded for higher wage because their disposal income has decreased which stemmed letter from the fall in expensive commodity demand. UK has become a net export of oil and worth Pound got appreciated.Dutch disease is merely arithmetic.The term of â€Å"Dutch disease† for the first time came in an article in The chief Economist -1977 that described the case as a natural resource curse.The name of Dutch Disease generally associated with a natural valuable resource discovery, but it can be seen in any trade or investment activity how that results in a large inflow of foreign currency, including a rise in natural resource prices, foreign aid, and fo reign direct investment. The inflow of American treasures into Spain in 16th and gold discoveries in Australia in the 1850s are other two example of Dutch Disease diagnosis. By 1978, how this story repeated in Iran.

It normally contributes to a countrys currency appreciating in value.Russia is likely to be another innocent victim of this disease. Nearly 40% of GDP, 60% of export revenue and 60% of government marginal revenue depends on oil and gas production. General perception of Russian economics, like other resource-rich countries, expects the common symptom of disease.Russia as one of the main oil producer can easily impact on oil price by cost reducing or increasing the amount of production.The expression Dutch Disease was originally coined (and is most frequently used) to describe the effect of a pure important source windfall (natural gas in the instance of 1970s Netherlands).These all concludes to CAD appreciation which is logical not what a commercial sector of an economy try to reach at. Since we are on another side of history, revolution against energy consumption and climate change got more serious, the countries that are ail too dependent on natural resource are being question ed more than before. Except for short-run effect of asymmetric growth on resource optimal allocation and income distribution, we are better to think about long-run issue of not renewable resource severe depletion rate and future plan for rich-resource countries. 2.

In precisely the same manner, its real hard to reveal whats causing a drop in the industry.Increase in foreign currency 3. Foreign direct investment 4. Foreign aid 5. only Natural resource price growth While at the mid-term they would experience: 1.The growth of one sector may be a consequence of many things that range from increase in demand and higher price of a resource, the sudden discovery of a all-natural resource that is valuable or perhaps sudden surge in foreign aid resulting in the increase in currency value.Become a net import of manufactured goods 6. Losing export power in manufactured goods other than natural resources 7. Leading to uneven economyThis is the mechanism in which non-resource industries get hurt by valuable resource industry which proudly increases the wealth and spread the benefit unevenly across the country that accounts for hidden national economy turmoil, which make manufacturing jobs, move to lower cost countries. Canada logical and Oil Sand Feve r (3.

The appreciation of the domestic currency is likely to create the exports in businesses deeds that are various of the nation more expensive while imports will get cheaper.Tom Mulcair, the NDP leader, who is well being accused of dividing the country against each other, named the oil sand of Canada the dirty oil. He said that the booming of olive oil industry in Saskatchewan province would hollow out other provinces’ economy.He believes the oil exportation drive up the little value of dollar and hurt manufacturing sector. The studies show that the appreciation of Canadian several dollars relative to USD is driven by three factors.A appreciation of the exchange rate might have a total differential influence on economic growth.Arguments for and against the preposition) Investigating the proposition that the country has experienced a period of anglo Dutch disease, two conditions may need to be fulfilled. First, see if currency deep appreciation has driven up by the export or iented commodity prices. Second, see to what extend unemployment old has been affected in the manufacturing sector. According to Krugman (1987), it becomes a disease when the manufacturing sector what does not come back after the resource boom.

Competitiveness is lost by the country.(5. Government role to reduce the whole incident or mitigate the effect- foreign exchange intervention) â€Å"The gratification of wealth is not found in mere possession or in lavish expenditure, but in its wise application. – Miguel de Cervantes pino Saavedra Under transparently and wisely management, if government can diversify the manufacturing and export sectors to reduce dependency on the booming public sector and make them less vulnerable to external shocks, such as a sudden drop in commodity prices and at the same time avoid dumping all export revenue in the economy and devote fund of energy revenue to enforce other part of the industry through privatization and restructuring, the economy would be more resilience and integrated.In countries with temporary resource discovery, many policymakers may want to protect the non-trade sectors through foreign exchange intervention that is, building up foreign exchange coronary reserve through the sale of domestic currency to keep the foreign exchange value of the domestic currency lower to insulate the economy in condition the extra wealth spend wisely and to lead to inflation.DownDutch disorder empty can prove to be fatal unless nations use their exchange rate can be obtained by how their fortunes to market their economiesor.Moreover they firmly believe that their non-oil industry is not that due much big to get hurt from global competition and they would continue to develop the oil sector which is more competitive logical and they are good at. In Chad, after oil discovery on 2004, the Chadian government invested the income on summary developing crop production and feeding poor people at the same time. In order to deliver the food to poor in distance villages first the lack of road hindered the process. So the next main object was to improve transportation infrastructural.

Commonly, there develops a nation the disease syndrome in case of a financial windfall of earnings that results in destructive or harmful results from the market to include things.There are twenty two policies how to spend the money. If the foreign currency is traded with foreign commodity and spend on import, the domestically product other goods are remained unharmed. But suppose it is converted to local currency, this time the local productions last get affected. If the central bank decided for a fixed nominal exchange rate, after conversion the currency, the money supply increases, the local demand increase and local production price rise which leads to higher less real exchange rate.The scale dependence on petroleum revenue resulted in the decrease of distinct sectors such as company.M. and J. P. Neary.

The source of crude oil cant be increased because its become more and more challenging to discover and create oil reserves and is limited however.†¢Coulombe, S. , R. Lamy and S. old Rogers (2007).Second, the petroleum sector infrastructure is in disrepair.htm †¢Ebrahim-zadeh, Christine (March 2003, Volume 40, Number 1). â€Å"Back to very Basics – Dutch Disease: Too much wealth managed unwisely†. Finance and Development, A quarterly magazine of the IMF. IMF.