Health Insurance Portability And Affordability Act ( Hipaa )

Health Insurance Portability and Affordability Act (HIPAA) Shoshana Weisberg Binghamton University Health Insurance Portability and Affordability Act (HIPAA) President Clinton signed the Health Insurance Portability and Affordability Act (HIPPA) on August 21, 1996 (Hartley Jones, 2014, Chapter 1). To understand what this act is, a definition of â€Å"portability† and â€Å"affordability† must be provided. Portability guarantees that an employee could obtain health insurance if he or she changed jobs (Hartley Jones, 2014, Chapter 1). Affordability was to tackle the messy administrative system in health care going on at the time. This was addressed by developing the rules of privacy, security, transactions and code sets, and†¦show more content†¦Respecting the patients’ privacy has always been an important aspect of the physicians practice. This is because health related matters are often private and no patient would want their private information accessible to anyone other than those directly involved in their case. The goals of HIPAA are to increase patient health information use and disclosure contro l, increase patient access to their records, limit health information use, secure transactions and storage, and establish legal accountabilities and penalties (Kumar et al., 2009, p. 186). In the post HIPAA environment there are less opportunities for the wrong people to get their hands on patient records. The information obtained at each patient flow checkpoint is broken up so that the information that is specifically needed for each department is available for only that department. For example, billing information gets sent and stored in a financial database (Kumar et al., 2009, p. 189). The billing employees only see the data related to the billing and not medical, treatment, or procedure specifics. Mainly, patients want to know what a physician is doing to protect their privacy (Hartley Jones, 2014, Chapter 5). There is usually a reason as to why a patient expresses extra concern regarding his privacy. For example: A teenager is experimenting with drugs and calls the offi ce for help, a man tests positive for hepatitis C and feels like he may lose his job,

Is It a Threat of Terrorism Free Essays

It is my dream to live in a world where no country on Earth requires a military to protect its citizens from invasion, but like most Utopian fantasies, such a world will never exist. As the leader of the free world, America has built up a huge military to protect the nation’s interests, its allies, and its way of life for its people. After the terror attacks on September 11, 2001, and our senseless invasion of two Islamic countries, the nation is still engaged in war to prevent Islamic extremist attacks. We will write a custom essay sample on Is It a Threat of Terrorism? or any similar topic only for you Order Now In recent years, public officials in the United States and terrorism analysts here and abroad have warned of an increasing threat of Muslim homegrown terrorist attacks. The terrorist attacks in Madrid in 2004 and in London in 2005 perpetrated by European homegrown terrorists have contributed to these concerns, as has the surge in terrorist-related arrests in the United States in 2009 and 2010. A closer look at the evidence, however, reveals that the threat of Islamic extremist engaging in lethal attacks in the United States has been frequently overstated. Since 1985 there has been 3,178 deaths resulting from Islamic terrorist attacks; including the 2,977 Americans casualties on 9/11. However, the number of American casualties resulting from Islamic extremism is falling drastically; with only 28 Americans killed by Islamic Extremist since the 2001 terror attacks. Terrorist plots by American Muslims are not growing in sophistication, and terrorists’ capacities to acquire skills from overseas training are limited. In addition, contrary to concerns that so-called â€Å"lone wolves† will increasingly attempt terrorist attacks that are difficult to foil, there have been only two shootings in the United States by American Muslims since September 11, 2011, despite a significant propaganda effort by leaders of Al-Qaida encouraging such attacks. The Islamophobes (people with irrational fear of Islamic people) claim that Islam is intrinsically a terrorist religion. The proof? Well, just about every terrorist attack is Islamic, they retort. Unfortunately for them, that is not true. More like six percent. Using their defunct logic, these Islamophobes can now conclude that nearly all acts of terrorism are committed by Latinos. Let them dare say it. They could not; it would be political and social suicide to say such a thing. Most Americans would shut down such talk as bigoted; yet, similar statements continue to be said of Islam, without any repercussions. The war on terror focuses on groups loosely affiliated with the Al Qaeda terrorist network, but it turns out that Islamic extremists do not pose the greatest threat to America according to numerous reports. One report from the Department of Homeland Security states that the biggest threat to America, its people, and government is actually from Latinos. Latino terrorist spew out acts of terror on American soil every day. According to the Los Angeles Times, these terrorist also control over 90% of all the drugs that enter the United States. Latino gang violence has resulted in a shocking number of casualties. Over 2,199 innocent American lives have been lost since 2007 due to kidnappings, sex trafficking, and horrendous murders, committed by Latino Terrorist. These facts might throw you for a total paradigm in your thoughts, but what if I also told you that Latinos account for over 42% of all acts of terror on United States soil since 1985? The Islamophobes live in a fantasy world where everyone is supposedly too â€Å"politically correct† to criticize Islam and Muslims. Numerous people are critical of Muslims; but  can you imagine the reaction if I said that Latinos should be profiled because after all they are the ones who commit the most terrorism in the country. Islamophobes   always live in mortal fear–or rather, they try to make  you  feel that way. Do not be fooled, break the spellbinding ideology of Islamophobes. I am sure that you do not live in constant fear of radicalized Latinos; even though they commit seven times more acts of terrorism than Islamic extremist in America. Why then are you constantly fearful over Islamic radicals? The time has come where we can finally halt our fear of Islamic extremist, and focus our attention more frequently on the Latino terrorist If Islamic extremist had half of a brain they would have potential to be dangerous; but for now, they are no different then automated bots, with pre-programmed information and beliefs. They are taught at early ages that the â€Å"West† is their enemy; and that there is no higher appraisal then dying for Allah through acts of terror and suicide. Ignorance breeds ignorance. What we must do is teach the United States citizens the truth about terrorism. Nobody is saying that Islamic terrorism is not a matter of concern, but it is grossly exaggerated. How to cite Is It a Threat of Terrorism?, Papers

Water and Energy Sustainability

Question: Discuss about theWater and Energy Sustainability. Answer: Introduction Water and energy are key elements in environmental sustainability. Governments are much concerned with these two element since they are able to affect the citizens in different ways. In addition, non-governmental organizations and private sectors also play large roles in implementation of different aspects of water and energy sustainability (Maheshwari, 2014). Research and key technological advancements are taken in each of the sectors to ensure the sustainability of the water and energy aspects. This paper will analyze the Australian and Canadian government efforts in the efforts of regulating the sustainability of these aspects as well as the NGO and private sector contributions. In addition, the paper will look at the different researches in both countries and the exemplar projects in the countries. Lastly, this paper will compare the actions of these two countries and the way they are faring. Step 1 The Australian government has developed different programs and policies to ensure the sustainability of energy and water. On the energy sector, the Australian government has the renewable energy target, which regulates the homeowners to implement the use of reduced cost solar panel and solar water heaters through the RET scheme. In addition, the Australian energy market commission helps to regulate the production of electricity in the country. In addition, the GreePower helps the households and businesses to commit themselves in purchasing electricity from accredited renewable energy suppliers (Australian Housing And Urban Research Institute 2009). In addition, the Australian government implements the sustainable water management systems in order to offer water sustainability. In addition, through Australian Water Association (AWA), the government helps top protect the water sources such as the forests where the government helps to preserve the water catchments against any settlement s (Setegn Donoso 2015). Moreover, the government launched the Australia's Strategic Plan in 2010 in order to enhance the water sustainability in the country by 2018. This plan has the rules and strategies governing the water usage and recycling measures, which would ensure that water, is not wasted. The plan also mandates different bodies to monitor the usage of water by different stakeholders. The government has different rules, which are governing the water consumption on both urban and rural areas to ensure sustainability. In addition, the Australian government has taken adverse measures on research and technology of both water and energy strategies. First, the country has the energy white paper, which sets out the energy policy framework for delivering reliable energy supply. This is a technological measure, which the country uses to ensure that they reach their sustainability measure on energy. In addition, the country has the energy efficiency strategies, which are innovative to implement the renewable energy sources. The country targets to achieve a renewable energy sustainability by the year 2020 and this action call for innovation strategies. In addition, through Rural RD for Profit the Australia government aims to achieve great innovation and research related topics on water sustainability (Barton 2006). The Rural research and development corporation, the country helps the rural area to fund the innovation strategies for the rural areas. All these departments help to fund the innovation and rese arch on water issues to enhance the sustainability. In addition, the NGOs and private sectors play a major role in achieving the sustainability of water and energy in the country (Goldie, Douglas Furnass 2005). The NGOs and private sector have been funding individuals to research on methods which sustainability can be achieved. In addition, the private sector has been key on energy sustainability where they are funding renewable sustainable energy measures in the country. The Trilemma is a key example of a project, which has been used to enhance the water sustainability in Australia. Step 2 The Canadian government on the other hand has regulations, which are targeting the sustainability of water and energy. The country has enacted laws which are aimed at achieving the energy efficiency in order to increase the sustainability. Reduction of energy costs is one of the key regulation which the country focuses on in order to achieve its targets on energy sustainability. In addition, the government has involved other stakeholder and partners to enhance the sustainability. This can be seen through the Canada-United States Regulatory Cooperation Council (RCC), where the Canadian government aims to reduce the cost. In addition, the government has legislated the Energy and Transportation Sectors Regulations, which aims to achieve safe movement of energy resources (World Water Environmental Resources Congress, Phelps Sehlke 2005). This aims to increase the energy production and usage within the country to achieve the sustainability. Also, the government has regulations on the re quirements for Energy-Using Products. In this section, the government regulated the energy using appliances to meet specific targets of energy consumptions. This action enhances the usage and consumption to achieve the required sustainability. The Canadian government has also enacted water laws and regulations. The water regulation to protect the different water bodies in the country in order to achieve sustainability have been a key pillar for the government. First, the government has the Fisheries Act Regulations, which aims to control the safety and pollution measures of water bodies (Kinkade-Levario 2007). In addition, this act enhances the wastewater management for different purposes from different factories. The act helps to ensure that the factories maximizes on the usage of the water and not disposing it without proper management. In addition, through Waters Protection Act, the government manages the different uses of its water bodies (Mitchell 1995). Through this act, the government ensures that it has details on the purposes of the water usage and controls the demand of the usage. In addition, the country has withdrawn regulations, which they have termed to be protecting their rivers and lakes (Allen 2013). The g overnment argues that the rules have been preventing the achievement of the sustainability when the rules are imposed. Canada has a great focus on the renewable energy achievement. The country has been able to invest heavily on this sector in terms of innovation and research. The country has innovated on the biofuels and bioinvasions. These technologies are playing a big role in achieving the sustainability of energy in the country (World Water Environmental Resources Congress, Phelps Sehlke 2005). In addition, the country has different research centers such as Centre for Urban Energy (CUE) where they research in the sustainability issues of energy in the country (Bosselmann, Fogel Ruhl 2011). In addition, the country has been researching on the moose spit fights toxic fungus in plants in the aim of attains water sustainability. The private sector and NGOs have been playing a key role in the sustainability issues of water and energy in Canada. CanmetENERGY is an organization, which has been promoting the sustainability of energy in the country through renewable energy (National Round Table on The Environment and the Economy (Canada) 2009). The NGO focuses on clean fossils fuels and bioenergy in order to achieve the sustainability. Moreover, the organization focuses on the industrial processes to enhance the sustainability of energy in the country. In addition, through Ryerson Urban Water the private sector and NGOs are involved in the management and sustainability of water structure and issues in the country. Some of the major exemplar project in Canada on energy includes solar photovoltaic reverse osmosis (PVRO), which is a key energy sustainability of energy (World Water Environmental Resources Congress, Sehlke, Hayes Stevens, 2004). This project is key in the sustainability of the energy and achievement of the goals of the country. In addition, the country has the Canada has a tidal power plant in Nova Scotia which helps the country to promote the sustainability of the energy in the country. Aquaculture is a key project, which has been implemented in Canada to enhance the water security and safety(Allen 2013)The project is meant to enhance the safety measures of the water systems in the country and therefore enhancing the sustainability. Step 3 Canada and Australia have different management policies concerning the sustainability issues of water and energy. In this view, the policies are different due to the administration priorities and managements. For instance, Canada focuses on the use of different partners such as USA to achieve its goals. Australia on the other hand focuses on individual innovation and creativity to come up with methods for its sustainability. The Australian strategy on innovation about the renewable energy has been more successful in achieving the sustainability of energy. This is unlike the Canada strategy where it has been involving USA to achieve its goals. The Canadian method leads to more bureaucratic measures which will take time to solve the sustainability issues. From the above two cases, it can be noted that innovation and research plays a major role in coming up with strategies which will enhance the sustainability of water and energy in the world. Although involving other parties is importa nt, the role of the NGO and private sector is key in the innovation strategies. In conclusion, water and energy sustainability requires collaboration of different parties in the innovation and research. These parties will therefore enhance coming up with different strategies, which will enhance proper sustainability. References Allen, R. (2013). Water and the future of the Canadian economy. Toronto, Ont, Innovolve Group. https://www.deslibris.ca/ID/235121. Australian Housing And Urban Research Institute. (2009). Environmental sustainability in residential housing: understanding attitudes and behaviour towards waste, water, and energy consumption and conservation among Australian households. [Melbourne], Australian Housing and Urban Research Institute. https://www.ahuri.edu.au/publications/download/20550_pp. Barton, B. (2006). Regulating energy and natural resources. Oxford, Oxford University Press. Bosselmann, K., Fogel, D. S., Ruhl, J. B. (2011). Berkshire encyclopedia of sustainability. Volume 3, Volume 3. Great Barrington, Mass, Berkshire Pub. Group. https://public.eblib.com/choice/publicfullrecord.aspx?p=800600. Goldie, J., Douglas, R. M., Furnass, B. (2005). In search of sustainability. Collingwood, Vic, CSIRO Pub. https://public.eblib.com/choice/publicfullrecord.aspx?p=276173. Kinkade-Levario, H. (2007). Design for water: rainwater harvesting, stormwater catchment, and alternate water reuse. Gabriola, B.C., New Society Publishers. https://www.deslibris.ca/ID/420367. Maheshwari, B. (2014). The security of water, food, energy and liveability of cities: challenges and opportunities for peri-urban futures. https://public.eblib.com/choice/publicfullrecord.aspx?p=1731580. Mitchell, B. (1995). Resource and environmental management in Canada: addressing conflict and uncertainty. Toronto, Oxford University Press. National Round Table On The Environment And The Economy (Canada). (2009). Charting a path: water and Canada's natural resource sectors : discussion paper. Ottawa, National Round Table on the Environment and the Economy. https://www.deslibris.ca/ID/218494. Setegn, S. G., Donoso, M. C. (2015). Sustainability of integrated water resources management: water governance, climate and ecohydrology. https://public.eblib.com/choice/publicfullrecord.aspx?p=4178158. World Water Environmental Resources Congress, Phelps, D., Sehlke, G. (2005). World Water Congress 2001: bridging the gap : meeting the world's water and environmental resources challenges : World Water and Environmental Resources Congress 2001 : May 20-24, 2001, Orlando, Florida, USA. [New York], American Society of Civil Engineers. https://ascelibrary.aip.org/dbt/dbt.jsp?KEY=ASCECPVolume=111Issue=40569bproc=yearscode=2001confTitle=World+Water+Congress+2001. World Water Environmental Resources Congress, Sehlke, G., Hayes, D. F., Stevens, D. K. (2004). Critical transitions in water and environmental resources management: proceedings of World Water and Environmental Resources Congress 2004, June 27-July 1, 2004, Salt Lake City, Utah, USA. Reston, Va, American Society of Civil Engineers. https://ascelibrary.org/isbn/978-0-7844-0737-0.

Two Controversial Economic Policies Are Keynesian Economics Essays

Two controversial economic policies are Keynesian economics and Supply Side economics. They represent opposite sides of the economic policy spectrum and were introduced at opposite ends of the 20th century, yet still are the most famous for their effects on the economy of the United States when they were used. The founder of Keynesian economic theory was John Maynard Keynes. He made many great accomplishments during his time and probably his greatest was what he did for America in its hour of need. During the 1920s, the U.S. experienced a stock market crash of enormous proportions which crippled the economy for years. Keynes knew that to recover as soon as possible, the government had to intervene and put a decrease on taxes along with an increase in spending. By putting more money into the economy and allowing more Americans to keep what they earned, the economy soon recovered and once again became prosperous. Keynes ideas were very radical at the time, and Keynes was called a socialist in disguise. Keynes was not a socialist, he just wanted to make sure that the people had enough money to invest and help the economy along. As far as stressing extremes, Keynesian economics pushed for a happy medium where output and prices are constant, and there is no surplus in supply, but also no deficit. Supply Side economics emphasized the supply of goods and services. Supply Side economics supports higher taxes and less government spending to help economy. Unfortunately, the Supply Side theory was applied in excess during a period in which it was not completely necessary. The Supply Side theory, also known as Reganomics, was initiated during the Regan administration. During the 1970s, the state and local governments increased sales and excise taxes. These taxes were passed from business to business and finally to the customer, resulting in higher prices. Along with raised taxes for the middle and lower classes, this effect was compounded because there was little incentive to work if even more was going to be taxed. People were also reluctant to put money into savings accounts or stocks because the interest dividends were highly taxed. There was also too much protection of business by the government which was inefficient and this also ran up costs, and one thing the Supply Side theory was quite good at was reinforcing inflation. The two opposites of the Supply Side and Keynes theories are well matched theories, but it was the time of use that made them good and bad. Keynes theory was used during that aftermath of the Great Depression, a catastrophe America will never forget and will never be able to repay Keynes for the economic assistance in recovering from it. The Supply Side theory was used after a long period of prosperity, and although seeming to continue the practices of the past administration, was the cause of a fearful recession. The success of those or any economic theory is based on the time at which it is implemented.

Rationale and impact of Japan’s expansionary fiscal policy and monetary easing The WritePass Journal

Rationale and impact of Japan’s expansionary fiscal policy and monetary easing Introduction Rationale and impact of Japan’s expansionary fiscal policy and monetary easing GDP of $6 trillion (IMF, 2012). It has, in recent years, shown signs of economic recovery with GDP growing at an annualized rate of 3.5 percent with the realization of 0.9 percent growth in the three months to March compared to the previous quarter. At the end of 2012, the Japanese economy, emerging from the recession grew at a rate of 1 percent (Evan, 2013; Anatoe, 2013). This growth and recovery is attributed to an attempt to stimulate the economy through aggressive monetary easing by the country’s central bank, the Bank of Japan, as well as big government spending. These decisive steps are contained in a new economic policy fronted by Japan’s Prime Minister, Shinzo Abe, popularly referred to as ‘Abenomics’ (Anatoe, 2013). This paper explores the rationale of Japan’s expansionary fiscal policy and monetary easing, discussing their impact on both the domestic and global economy over the short and longer term with regard to relevant theory. In an endeavour to resolve macroeconomic problems facing the country, Japan, in a complete break from the past, is pursuing the recently introduced policy package consisting of a three-pronged approach including: a flexible fiscal policy, a bold monetary policy and a growth strategy focused on encouraging private sector investment. The country is actively pursuing both an expansionary fiscal policy and monetary easing to revitalize the economy, ridding it of the deflation that it has suffered for two decades (Anatoe, 2013). Deflation in the economy is evidence of persistently inadequate demand (Case and Fair, 2006), with Japan’s national income (in nominal terms), despite perceived growth in the economy, still actually less than it was in 1994 (Evan, 2013). In the view of many economists regarding Japan’s economic challenges, macroeconomic stimulus concentrated on boosting demand, as pursued in the ‘Abenomics’ policy package, was long overdue (David, 2013; Anatoe, 2013; Evan, 2013). Post world war two, Japan rebuilt itself industrially and in sustaining a weak Yen and maintaining low labour costs, was able to flood Western markets with its exports. It, thus, was able to channel money back into society thereby realizing consistent economic assent. However, in the 1980s, shifts in dollar value and subsequent interventions led to the strengthening of the Yen. In an attempt to counter this unfavourable strengthening, the Bank of Japan (BOJ) issued vast quantities of Yen, massively increasing the money base (Anatoe, 2013). This easy money coupled with very low interest rates drove real estate and stock prices upwards to unreasonable levels, exacerbated by money inflows from the US and Europe. The country entered an econom ic bubble which subsequently burst wiping out tens of trillions of dollars in wealth and massive tumbles in asset prices (Evan, 2013; The Economist, 2013). To counter the tumble, BOJ increased spending and tried to encourage more lending, arranged bailouts of banks and insolvent firms leading to a cycle of stagnation, and continuously lowered interest rates, to its lowest 0.1%. Pensions and life-savings were wiped out and people became risk averse (Evan, 2013). A negative birth rate and the resulting shift in demographics is a significant structural problem that has led to the shrinking of the productive segment of the population and production capacity with dire economic and social implications contributing to the two decade stagnation (David, 2013; Anatoe, 2013). The country is at a tipping point and in the two decades has been living off past savings and sustaining its lifestyle, maintaining the faà §ade of equilibrium through deficit spending, backed by internal borrowing. Despite extreme growth in debt, this has insulated it against the kind of crises seen in Europe (Evan, 2013). This dire scenario necessitates the bold and drastic stimulus measures such as contained in the ‘Abenomics’ policy package (Anatoe, 2013; The Economist, 2013). Such measures are in line with the circular flow of income economic model which describes the reciprocal cycle of incomes between producers on the one hand and consumers on the other. With the unlimited and recurring nature of human wants driving demand and continuous production, these entities provide each other with factors that facilitate the circular flow of income. Firms provide consumers with goods and services in exchange for their monetary expenditure, with another level of their engagement involving exchange of factors of production such as land, labour and capital for rent, wages, interest and profits. This latter income for the household sector drives expenditure and consumption from the business sector completing the continuous cycle (Hansen, 2003; O Sullivan and Steven, 2003). The more realistic five- sector model of the circular flow of income entails producers and consumers, in addition to financial, government, overseas sectors engaged and influencing the cycle. A state of equilibrium in the circular flow of income occurs when the total leakages from the economy (savings, taxes and imports decreasing money supply) equal total injections (investment, government expenditure and exports increasing money supply). States of disequilibrium affect income, production (output), expenditure and employment with their levels falling leading to recession or contraction of economic activity if leakage surpasses injections or rise leading to boom and expansion if injections exceed levels of leakage (Case and Fair, 2006). Reduction of income leads households to cut down on savings and expenditures in taxation and importation leading to a fall in leakage. This is driven until leakages equal the lower injections into the economy thereby lowering the level of equilibrium and vice versa. This model outlines the interdependence of the various factors interplaying in the economy, balancing production and consumption through controls such as incomes and, therefore, demand and expenditure (Vladimir, 2011). Fiscal and monetary policy strategies seek to bring the economy to a level of equilibrium, or when necessary, to encourage disequilibrium which gives a semblance of growth, increasing injections into the economy and thereby fostering boom and expansion in the economy. It also serves to temper growth when the economy heats up (O Sullivan and Steven, 2003). To restart Japan’s battered economy and to drive it into a growth path, there was need for such drastic measures increasing the requisite injection s and thereby safeguarding the economy from the unfavourable recession and a contraction of the overall economy (Heyne, Boettke, and Prychitko, 2002). The stimulus package entailed a 10.3 trillion Yen stimulus, the takeover of Japan’s Central Bank which hitherto was unwilling to undertake the required bold experiments in monetary policy, and commitment to clear-cut comprehensive structural reform (The Economist, 2013). These initiatives were founded upon Keynesian economic theories based on the belief that proactive actions of government comprise the only means to steer the economy. Government should employ its power to increase spending and create an easy money environment thereby increasing aggregate demand (Galor, 2005). These stimulus measures have received a good report from various analysts with most perceiving Japan’s economy to be on the right track to recovery. This is evidenced by citations of a jump in individual spending on the back of a rally in Japanese stocks, as well as recovering exports. Of note is the rise of the main Nikkei 225 45% this year with the 3.5% anticipated growth rate expected to outpace major economies such as the US and the Eurozone (The Economist, 2013). Falling prices deter spending both by business and consumers (injections) with their tendency to hold out for a better deal with a consequence of reduced demand overall. Pumping trillions of Yen into the money supply (leakage) has therefore been beneficial in pushing down the currency’s value and has significantly helped exporters enhancing their competitiveness in overseas markets and increasing the value of the profits repatriated (Anatoe, 2013). This has also led to the huge rally in Japanese stocks as investors rush to take advantage of the potential for companies to acquire bigger earnings (Evan, 2013). Despite the plan’s short-term success, some analysts are however questioning the sustainability of the recovery. Hesitation by companies to boost their investment in spite of improved business sentiment is cited pointing at company spending which fell 0.7% in the three months although an increase was expected (Evan, 2013). Convincing companies to spend is a key part of the stimulus plan enabling the pulling of the country out of deflation.   Also crucial is the interplay between Japan and other countries its neighbours, relates to and competes against, notably China, Taiwan and South Korea. The monetary and fiscal stimulus designed to end chronic deflation has seen a sharp devaluation of the Yen which is not only unsustainable, but also unfair to other countries. This type of recovery is unfair since it comes at the expense of Japan’s trading partners and geopolitics, with strong economic policy reactions from Japan’s neighbours almost inevitable (David, 2013). There is a risk of their interference in the foreign exchange markets to stop the appreciation of their currencies with trade disputes likely to emerge against certain Japanese exports and increasing scrutiny of Japanese investments (David, 2013). Such moves will prove unfavourable to Japan’s external trade in the longer term. The challenge going into the future is in seeking to deliver anticipated economic growth following the unprecedented macroeconomic expansion. What is needed is sustainable growth in the longer term and this requires the restructuring of the economy, enhancing overall productivity and increasing the participation of the labour force in production (Vladimir, 2011). Economists and investment analysts looking from the bottom-up are more sceptical citing profound structural problems such as Japan’s shrinking population, misallocation of investment, huge public debt, inflexible labour practices, unimaginative management, protectionist lobbies among others, which can hardly be fixed through monetary policy measures (Evan, 2013). Macro-investors, on the other hand, are contented with the positive fiscal and monetary expansion and consider it a good opportunity to buy Japanese equities and to sell the Yen. If this latter group maintain their bullish run, with enough conviction to troun ce the scepticism of the bottom-up investors, Japans economy in its present reality could change in the longer term (The Economist, 2013). Despite initial success in shoring up the stock market and increasing expenditure in the short term, the transmission mechanisms linking the monetary policy to long term economic outcomes for Japans economy remain fragile. To ensure a sustainable long-term increase in productive capacity, there is need for plans to fix the deep structural and demographic problems the country faces (The Economist, 2013). Most of these factors are however beyond government control and it can therefore just set the tone, encouraging players in the economy to support the policy measures. An example of this is corporate labour practices under the control of the private sector/business (Vladimir, 2011). References Anatoe, K., 2013. The radical force of Abenomics. Reuters (May, 17). Viewed from: http://blogs.reuters.com/anatole-kaletsky/2013/05/17/the-radical-force-of-abenomics/ Case, K., and R., Fair, 2006. Principles of Macroeconomics. Prentice Hall. David Li, 2013. Abenomics will only damage Japan’s neighbours. Financial Times (22, May) Evan S., 2013. Testing Abenomics. Bloomberg view (June 6, 2013). Viewed from bloomberg.com/news/2013-06-06/testing-abenomics-.html Galor O., 2005. From Stagnation to Growth: Unified Growth Theory. Handbook of Economic Growth, Elsevier Hansen, B., 2003. The Economic Theory of Fiscal Policy. Volume 3. Routledge. Heyne, P., P., Boettke, D., Prychitko, 2002. The Economic Way of Thinking. (10th ed). Prentice Hall. IMF, 2012. Statistics on the Growth of the Global Gross Domestic Product (GDP) from 2003 to 2013. October, 2012. O Sullivan, A., M., Steven, 2003. Economics: Principles in action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. The Economist, 2013. Japan and Abenomics: Once more with feeling. May, 18. Tokyo Vladimir N., 2011. Econodynamics. The Theory of Social Production. Springer: Berlin.

A Comparative Analysis of television channels FIVE and BBC Essay Example for Free

A Comparative Analysis of television channels FIVE and BBC Essay ? Television is a powerful media source, bringing stories to billions across the globe. It has been called â€Å"the most awesome God-less force in the modern world† and it is now seen as a major part of everyday life. The average person spends 4 hours a day watching TV – becoming roughly 1/3 of a person’s typical waking hours. Television is a constructed view of reality, sometimes exaggerated extremely, solely to create entertainment. In the UK, there are five major terrestrial television channels, (four organisations) with some being vastly more successful than others. The BBC is the only organisation not to make money from advertising. Their money is generated from the TV Licence fee, and this type of broadcasting is known as Public Service Broadcasting. Channel 5 is perhaps seen as the least successful of the five TV channels, possibly due to the fact that it is the youngest. The channel began in 1995, but it was not able to broadcast nationally as many of the population’s televisions could not receive it. The company offered to retune every TV that couldn’t receive it, before the big launch in 1997. A long advertising campaign was launched, known as â€Å"Give Me Five† in an attempt to draw in viewers. On the 30th March, 1997, Channel 5 was launched at 6pm, attracting an audience of 2. 4 million people, a figure higher than the launch of Channel 4, fifteen years earlier. This new channel neither had the money or reputation to buy and broadcast potentially successful material. Perhaps getting off to a bad start, the main schedule consisted of home and cookery programmes, cheap US exports, and late night pornography. However, Channel 5 did receive praise for its news programming, and soon the ratings became consistently acceptable. The channel gained more money, and was soon able to buy better quality shows, such as Home & Away. In 2002, Channel 5 underwent a major image modification. The name changed from Channel 5 to simply, Five, and progressed itself as a serious rival to the other 4 channels. However, the channel has not been without its flaws. For example, Friends spin-off series, Joey, was bought by Five in 2005. Despite a high-profile launch and ad campaign, the program received poor ratings and was eventually cancelled. Similarly, other shows such as Robot Wars and CD:UK proved to be a flop for the channel. These unsuccessful shows have seemingly increased the channel’s poor reputation. In the channel’s first year of broadcasting, five receives its lowest audience shares of 2. 3%, but this can be expected from a debuting channel. Fifteen years earlier, Channel 4 received even lower audience shares on its opening night, although it could be argued that people watched less television in the 1980s. The audience shares increased, and peaked in 2004. The channel has the lowest audience share of the terrestrial channels, but, in its defence, Five is not received in all of the UK’s homes. Like all of the other terrestrial channels, Five now has â€Å"sister† channels, Five US and Five Life. These two channels are both somewhat successful, but other â€Å"sister† channels, such as ITV2, E4 and BBC Three are proving to be more viewed. Nowadays, Five is able to branch out and buy successful US shows such as Prison Break and House, as well as buying programmes from other channels – in 2008, Five bought Neighbours from the BBC. The BBC was established in the early 1920s, but it was not until 1936 that the channel began its regular television broadcasting as a public service TV channel. However, it was further suspended after WWII began, until 1946 when the permanent service was established. The BBC’s mission was to â€Å"inform, educate and entertain† and is still taken into account today. The BBC broadcasts a wide variety of programmes on both of its channels, BBC1 and BBC2. The BBC’s major programme is EastEnders, the popular primetime soap. On a weekly basis, the soap receives the highest rating of all terrestrial shows, with only the ITV1 soap, Coronation Street, (and occasionally reality shows such as The X Factor and Dancing On Ice) playing as its rival. Other BBC shows, such as Top Gear, Doctor Who and Little Britain have all been a success throughout the last decade, further improving the channels ratings and reputation. In an attempt to branch out and widen its audience, the BBC has recently made some unlikely purchases. In 2007, the channel brought the successful US show Heroes to BBC2. The show quickly became a phenomenon, and is different from what would usually be broadcast on BBC2. The BBC continues to dominate terrestrial TV, by finding ways to bring in more viewers. The programmes vary from food, to lifestyle, to documentary, to political. The BBC is now contending with ITV in the reality market, as it now features shows looking for new west-end stars, and the ever popular series, Strictly Come Dancing. BBC1 receives the highest audience share of the 5 channels, with an average of 26%. It is seen as the â€Å"main† channel, and regularly receives high ratings. This major organisation has the money to do whatever it pleases, and this has shown over the last decade. The BBC now has 8 channels – BBC1, BBC2, BBC Three, BBC Four, BBC News 24, BBC Parliament, CBBC and CBeebies. These 8 channels prove to cater for everyone. BBC Three is the most popular of the sister channels, frequently receiving new material such as Lily Allen and Friends and Gavin & Stacey. The channel is a â€Å"lighter† version of BBC1, with a more comedic element. The BBC now broadcasts internationally. A new channel, BBC America, was launched in 1998, and has carried programming from the BBC to the USA, such as Torchwood and The Graham Norton Show. BBC America is part of two international channels, the other being BBC World. A recent feature of the BBC, BBC iPlayer, has recently been introduced. It has become an on-demand online video player, with unlimited access to BBC shows. The iPlayer is proving extremely popular, with more than 3. 5 million programmes downloaded in its opening week. However, despite the BBC being a major empire, the company relies on the licence fee. It is the only channel not to rely on income through advertising. The core belief of public service television is that it is free from the pressures of commercial TV, and, as its income is guaranteed, public service TV is freer to explore. But this does not mean it can become complacent. High audience shares are still needed because, if they were to fall, the licence fee would be in serious jeopardy. For years, there has been a debate as to whether public service broadcasting should continue. Naturally, the BBC wishes for it to continue, whereas others disagree. The BBC has very little to do to secure its funding, whereas the commercial companies have to work to get their income. The opponents of public service television argue that it is simply another form of taxation. With the arrival and expansion of satellite and cable, some people have no interest in the public service channels. For the BBC, public service broadcasting means that certain pressures are put upon them, but their income is fixed. The BBC could be said to have better quality shows due to them receiving â€Å"easy† money, and it also means that their programmes can be longer, due to the fact that they don’t have to make time for advertising. However, for Channel 5, public service television means that there are no pressures. The channel can show what they want (within reason) but their income is variable. Unsurprisingly, the commercial channels are against the licence fee, as it seems unfair. It seems as if the media are in constant debate over whether the licence fee should continue, as many people pay considerable sums for services in which they have no interest in. A Comparative Analysis of television channels FIVE and BBC. (2017, Aug 08).

Analysis of story Essay Example | Topics and Well Written Essays - 500 words

Analysis of story - Essay Example Thomas is strangely aware that Victor’s friendship would last only until the ashes of his father are brought back but he had made a promise to Victor’s father and intended to keep it. Thomas had been a dreamer always and recalls an incident, where he was awaiting a vision near a desolate waterfall, and Victor’s father had dutifully advised him, brought him back and also bought him dinner. Considering that Thomas was an orphan, this gesture was a highlight in his loveless life. Thus, the promise made to Victor’s father was far more important than his ego. The trip brings up the past with colorful imagery of two young boys who had experienced life and grew up together but also grew apart due to peer pressure and a society that shunned souls such as Thomas. The tone of the story is extremely melancholic in nature. On one hand you have the death of a man and the sadness that comes with it, while on the other hand we have a character that is always lost in his dreams, narrating stories, feeling the breeze on his face and then also trying to fly, adding a touch of comic drama to the story. Even the name of this character ‘Thomas Builds-the Fire’ is comic in nature showing the subtle humor that the author so craftily manages to weave into the narrative. The story is interrupted at one point during the firework celebration stating that â€Å"Years later, they would need much more.† (Alexie)This shows the underlying satirical humor and comic relief in sudden spurts, almost sarcastically threaded into the story. Therefore according to Freytag’s pyramid, we have the Exposition, which is the loss of his job and the death of Victor’s father, the Rising Action wherein Victor plans to make the trip, leading to him befriending his childhood friend Thomas once again but only for a selfish motive. This leads to the climax,

Neoclassicism Assignment Example | Topics and Well Written Essays - 250 words

Neoclassicism - Assignment Example (Kleiner, 2008, p.769). Marat was a writer who supported revolution and also he was a friend of David. Marat ws assassinated in 1783. A member of the rival political faction had stabbed him to death when he was having his medicinal bath to cope with his long-term skin disease that he fell prey to, while hiding from the King’s soldiersin Paris’s seweres. (Kleiner, 2008, p.769). David has used a simple and clear style in this painting. He has intentionally avoided the Macabre and presented Marat as a romantic tragic hero. The pen and paper in his hands remind the onlooker that he was deeply engrossed in his service to revolution as a writer right up to his last breath. The face of Marat is painted as suffering from pain, still full of grace. In his hands, there is a petition that either the assassin brought with her or he was preparing for some poor unfortunate person, to get assistance from a widow of a martyr of the revolution. All this attention given to details raises the virtues of the deceased in the eyes of the beholder. The skin problems that Marat suffered from were intentionally avoided in the painting. In his early years as a painter, David had followed the Rococo style of painting which was considered trendy in those days. But after seeing the renaissance period Greek paintings while he was studying in Rome, he renounced the decorative style of Rococo as â€Å"artificial† and â€Å"exalted the â€Å"perfect form† of Greek art† (Kleiner, 2008, p.769). Art historians have pointed to the resemblance of this painting to the depiction of Christ in Michelangelo’s Pieta’ (Kleiner, 2008, p.769). The arms that are hanging down in both paintings have a similarity un-surpassed by even the eyes of a person with least training in understanding art. This likeness has remained a major source of controversy regarding the ideological positions reflected in this

Reflections on my Personal and Professional Growth Essay Example for Free

Reflections on my Personal and Professional Growth Essay My time studying with the University of Phoenix online has affected my life in many ways. I have had the chance to learn a lot by utilizing the Internet to help me further my education. I feel that my degree will open many new doors for me, but first I will go back and discuss my impressions from when I first started taking nursing classes online. Learning has always been very important to me. I understand that we do not get very far in this world if we are not willing to take instruction and use it to the best of our abilities. Being a student was an exciting opportunity, especially in the major field that I had chosen, nursing. Nursing is an ever-changing field, and it is very important to keep up with the latest information if one is going to be professional and the best they can be in their chosen profession. I feel that strengthening my knowledge base made me grow in my personal life because there was so much that I could accomplish just by taking the steps to learn more. In nursing learning more leads to bigger and greater opportunities and the chance to take jobs that might be out of reach if I did not choose to obtain greater knowledge. While learning new things may be stressful at times, I feel that the knowledge received is all worth it in the end. I first learned the English language nine years ago when I immigrated to the United States. My problem solving skills and my oral communication skills were wonderful, but I had some trouble with my writing skills. As for retrieving information and using it, I had no problem locating information, whether in books or on the Internet, and using it for any task that was put in front of me. Collaboration was not a problem as long as it was done in an oral manner. As I have mentioned, my writing skills were only fair, and so collaboration involving writing could be fairly difficult. My career goals were based around degrees that I had already earned, namely a registered nurse degree and a respiratory therapist degree. My immediate goal was to get my Bachelors of Science degree in nursing, however, I also had other goals. For example, I wished to take my two degrees that were already earned and use them to get into a nurse anesthesia school. My most lofty goal was to finish my bachelor’s degree and start taking more classes to earn a Masters degree one day. As you may see, I am very dedicated to my chosen line of work and desire to be the best at it. Education is my ticket to being the best, and I crave all kinds of new information and knowledge that will make me an excellent nurse. While I was in the program, I found that the classes raised my level of competence in several areas. While I was already quite good at problem solving and oral communication, taking classes that challenged me and required me to do over and above what I was accustomed to only increased my competence in those areas. While my writing skills were not so good to start off with, different requirements for classes gave me a lot of practice and much more confidence with the written word. Taking Internet classes helped me solidify my ability to retrieve information on my own and use it to do the tasks that were expected of me. Two of the general education classes that helped me the most with becoming a more proficient learner were GEN 101, Skills for Lifelong Learning, and REL 333, World Religious Traditions. GEN 101 really gave me a lot of insight on how to balance learning with having an outside life. It gave me the opportunity to learn more about collaboration and how it would help me through classes and through life. Being taught how to assess my own strengths and weaknesses was very helpful and gave me a lot of insight into what I needed to improve upon and what I was already doing well. Learning how to access and use the information that the University provides to us online proved to be particularly valuable to me. Perhaps the most important thing this class provided me was the ability to sit back and take a look at why I was returning to school and what I really hoped to get out of it. That really solidified my career goals and made me eager to get into the process of completing my degree. REL 333 was my favorite general education class. I found that it taught me a lot about all the different kinds of religion in the world, and also about personal views of life from other perspectives. I know that in my line of work I will encounter many people who have different ideas about the world than I do, and this class was very helpful in giving me a glimpse into what some of my patient’s and co-workers’ lives and beliefs might be and how I might work with people who have different views on life than I do. The two core courses that I enjoyed the most were NUR 390, Introduction to Professional Nursing, and NUR 420, Health Assessment. NUR 390 was a great class because it really gave me a good base for the rest of my nursing classes. Being able to take a good look at my strengths and weaknesses in regards to writing, giving presentations, and working with other people as a group really gave me a reference to discover what I was doing very well and what I could improve in. It also gave tips on stress management, something that is very important for someone in the nursing field. Too many nurses burn out because they are unable to handle stress, and I think that learning these tips will help me get through some of the rough days. Also, thinking about the direction that health care is going and what my role as a nurse will be in that field was interesting and informational. NUR 420 was my favorite core class. I got a lot out of the information on different types of patient assessment, especially the ICU assessment section. The many different types of assessment taught will be very valuable to me in my profession, especially since they dealt with patients across the entire life span. I think that this class will prepare me very well for any hospital situation that I find myself in since it did not focus on one age group but instead gave a good overview of anyone I might come in contact with. Learning risk factors and strategies for prevention of many common problems will also prove to be invaluable in my line of work. Perhaps the most important thing I learned was how to get a good patient interview. It can be hard to get good information from someone who is very ill or in pain, and the strategies I learned will be something I can rely on until the end of my career. My University of Phoenix experience was wonderful for the most part, but there are a few things that I believe could make it better. I personally would like to see more interaction between the students taking any given course. While the Internet is very convenient and a great way to learn for people who cannot attend regular classes, there is a human component that is missing from the whole system. Social skills tend to get put on the back burner, and I think that for some professions it is very important to work on social abilities. Also, I believe that the tuition may be prohibitive for many people who would very much like to continue their education. I understand that all colleges are expensive, but perhaps a slightly lower tuition would make it possible for people who could never hope to attend college get the degree that they desire. I think that having an online university is great, but the students would benefit from classes on social interaction and dealing with the public without a computer in front of them. Dropping the tuition would also be a great help and encourage many new students to sign up for programs, thus offsetting the drop in revenue. Instituting those two measures would make for students more prepared for the real world and more people being able to follow their dreams, such as I am doing. Now that I have received my degree and am ready to take on new challenges, I see that lifelong learning is something that everyone should attempt to do, whether in a program or just by their own devices. Lifelong learning is extremely important if one wants to keep up with the ever-changing world we live in. For my part, nursing is a field that is very fluid. There are always new things to learn and new ways to do things. It would be nearly impossible for me to do a good job in my field if I was not constantly striving to learn something new and improve myself to do the best job possible. I have grown in my abilities to communicate with patients and families, my writing skills have improved quite a bit, and I have learned a lot about the views of others whom I will encounter daily. All of these things can be attributed to lifelong learning, and I feel that every class I took expanded my knowledge and made me more determined to continue my education until I reach my goal. I have not determined yet what my final goal will be, but I hope to be always reaching for the next thing I can learn until I find the perfect spot for me. Even then, I always wish to be perfecting all that I do to make my personal and professional life all that it can possibly be. My personal goals for the next few years center around my family. I want to take time to raise my beautiful son whom I have not had much time for during my past two years of study in this program. I want to spend some time with my family and do some traveling. I also want to consider expanding my family with another baby, but it is too soon to tell about that. My professional goals include getting out of bedside nursing. I have done that for quite a while and am ready to move on to something else. I want to keep learning more and more about my profession, and through that gain a promotion which will improve my skills and ability base. As far as educational goals, I have many things in mind. The two most pressing are to get my Masters degree in nursing and to apply to a nurse anesthesia school for next year. I will be in Kaplan University’s Legal Nurse Consultant program for the next full year. As far as skills and competencies that I would like to develop, I would very much like to continue learning about cardiac care. That is something that I am very interested in and would love to find out as much information as I can on the subject. I have not joined any professional organizations as of yet, but I am looking into different ones and may make a decision to join one in the near future. I hope to attend some pulmonary and cardiac workshops or conferences in the next year or so. Having just finished my degree, I have not given much thought to workshops and conferences just yet. There are several additional degrees that I might consider looking into. I am already enrolled at Kaplan to take their Legal Nurse Consultant program, and I would really like to get my Masters degree in nursing as soon as possible. Besides those I am also thinking about taking classes to be a nurse practitioner or become a CRNA, which is a certified nursing anesthesia position. I am keeping my options open. In conclusion, my years in the nursing program at the University of Phoenix have been hard, yet rewarding. I have finished my goal of having a Bachelors degree, and that is opening doors for me to become so much more. I am grateful for the emphasis on lifelong learning that my courses have provided as that has inspired me to go on to more classes and more degrees. It is good to have an online university to go to that is respectable and accredited, and it is good that there is a way for people who work and have families to improve their lives by getting higher education. I will take with me all that I have learned from this program and hopefully be a better nurse and a better professional for it. This is just the start of my dreams. .

Marxist Literary Criticism Essay -- Literature Essays Literary Critici

   While literary critics do attempt to elaborate or develop ideas articulated by Karl Marx, it is important and necessary to make a distinction between Marx's specific socio-economic and political agenda and the body of literary theory which emerged years later. Marxist literary criticism proceeds from the fundamental philosophical assumption that "consciousness can never be anything else than conscious existence...Life is not determined by consciousness, but consciousness by life" (Marx 568-9). Marxist critics use this challenge to the notion of an innate, prefigured, individual human nature to reexamine the nature of creative or literary authority.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Power seems to reside outside or beyond the bounds of humanity. Rather than dipping into a world of universal forms or expressing a subjective interior, artists and their work are determined by the web of power relations in which they exist; literature is thus inescapably tethered to a continuum of socio-political concerns. Hegemony is the term most often used by Marxist critics to describe this continually renegotiat...

Benefits & Compensation in Small Businesses

This paper is based on the benefits and compensation in small businesses as this is one of the important factors the small businesses have to consider and likewise have to struggle to compete for top quality employees with big businesses. It is very important for any business to hire good and hardworking employees and for this; they have to plan out proper strategies. Moreover, it is not just important to hire diligent employees but the business also has to make strategies as to how to retain them especially in the case of the small businesses because the competition is very high and it is essential for them to retain them.Organizational culture The culture followed by an organization highlights its personality. Culture basically comprises of the assumptions, the values and norms the business has, its financial position and about its members and their behaviors. Whenever a new member is added to an organization, they don’t take much time to study and learn about the type of cu lture being followed, however every company has its different culture and although new employees may take time to adjust but they soon get to know about it and work accordingly.There are always some things that are quite obvious for others to understand what type of culture a business has adopted. The way the interior of an organization such as the setting and the furniture being used, what the people working in an organization wear and how and what they talk about tells about the culture of an organization. This is one of the factor that is considered as important by the employees and so the business must set a kind of culture that is easy and favorable for the employees to adjust and is basically the task of the HR department to make the employees feel comfortable.Can HR system make a difference to the creation of such culture? The human resources are required by all the organizations in order to compete in the extremely aggressive world today. This reason defines the purpose of t he HR system extremely necessary, increases efficiency and also enables the company to achieve a competitive advantage over its competitors. HR also helps to identify how and in what ways an individual attributes to affect is organizational effectiveness. The key purpose of HR strategy is to guide the process by which organizations develop and position organizational and human capital to augment their competitiveness.Nowadays, HR is used as a model that reflects an era of strategic management. It emphasizes on the knowledge-based competition. Therefore, these systems are designed in a way to develop and support ideas of intellectual capital and knowledge management that propel strategy formation. (Pynes, 2004). Problematic areas of Human Resource development activities One of the major problems being faced by the HR department is because of the diversified workforce at an organization. Many people feel uncomfortable to working with people of a different age, sex, or culture.Despite the fact that employing people from different groups is good but it can lead to a clot of conflicts. The management has to manage a diversified workforce effectively or it can effect employee satisfaction and productivity negatively and the employees who recognize themselves as valued members of their organization are more diligent, concerned, and innovative and this tends them to work harder. Another problem can be the economic unrest prevailing. People from diversified groups would be having different definition of ambition.The outcome of ambition is mostly unpredictable, some ambitions begun in selflessness end in rancor; others begun in selfishness end in large-heartedness. It can at times be uncontrollable as well and some people may not be able handle ambition serving it as a grief to others. It also leads to jealousy. Other than that, people might opt any way to achieve their goals and these might be unlawful as well. (Evans, 2003). Role and function of HR department To defin e human resources in the simplest words we can say that they are the â€Å"resources for humans† within the workplace.The task of the HR department is to meet the needs of the employees and it also serves as a connection between all the people who are involved. The HR system of an organization comes into existence depending on the company size. The Human Resource Department can be formed just by appointing Personnel who can manage a small workforce, In case of a small company but in the case where a larger, complex organization is concerned that employs hundreds of people with many departments and divisions, the task becomes more demanding. Employee Compensation BenefitsThis includes the remuneration and bonuses such as paid leaves, sick leaves and insurance policies, etc and it is Human Resources Department that is in charge to develop and to manage the benefits compensation system for the staff that serves as an inducement to guarantee the recruitment. Their goal does not j ust finish after recruitment but they also have to work on retaining employees and make them continue working for the company. After recruiting an employee, the Benefits Coordinator of the business must meet the selected candidates one-on-one or in small group settings and explain their benefits package.(Brockbank & Ulrich, 2005). Employee Relations These might include age and gender, race discrimination, etc. and it is mandatory for the HR Department to make sure a fair treatment of employees. Employees should know that they are safe and they can approach someone in case they are unfairly treated by anyone. The HR Department acts as an negotiator and works to establish cooperation between the legal entities, regulatory agencies, supervisors and employees to properly tackle and determine the issue is persisting.Policy Formulation Every company whatever its size is has a set of rules and policies. This is essential so that proper regulation can be maintained at the work place. These policies also help the managers to hire individuals and evaluate the performance of an employee currently working for the firm. Maslow’s model Abraham Maslow was the one who proposed the hierarchy of needs model. The model consisted of the five basic needs that every employee requires from the organization in order to sustain well.The most imperative need is the physiological need of an employee that includes the basic needs without which he cannot survive such as food, water, clothing and shelter. Next comes the safety needs of an employee, that are also essential to make him perform well in an organization and this is followed by the need of belongingness. As man is a social animal, he always needs family and friends, etc. Third is the self-esteem needs that can be explained by admiration as a person always needs recognition from others for encouragement.The last is the need of self-actualization i. e. enhancing ones capabilities. However, some factors also put restrictions to this model and one of them is the differences in thinking levels of the employees belonging to different cultural backgrounds. Rewards and Benefits Rewards and benefits are major set of HRM activities. The business should provide their employees rewards and benefits like pay, fringe, etc. The most common rewards they can give to the employees are worker’s compensation, social security and unemployment insurance.By focusing the employee’s performance it provides benefits to its employees, which are considered by the staff members, executives and managers of the company. Conclusion The leaders are the ones who should encourage their juniors to suggest ideas that could lead to creativity and innovation. The employees should be rewarded, supported and proper amalgamation should be provided for the processes. Fund learning should be encouraged. This can be done by prioritizing it into budgets and work plans and to make it accessible to the employees or it would be of no use.Trust and respect should be placed on all the levels of the organization. Free communication and personalization should be allowed. Constant training or at least monthly or yearly training programs should be held for all the staff to keep on learning new things. The return on investment should be taken care of. The employees should know how much they are contributing to the company. These are some more factors that could help UN to retain their current employees. (Anderson & Anderson, n. d. ). Reference Anderson, D. & Anderson, L. (n. d. ). A.Awake at the Wheel: Moving beyond Change Management to Conscious Change Leadership. March 9th, 2009. Retrieved from: http://www. changeleadersroadmap. com/freeresources/P1D. 7. 17. aspx Brockbank, W. & Ulrich, D. (2005). The HR Value Proposition. Boston: Harvard Business School Press. Evans, C. (2003). Managing for Knowledge – HR's Strategic Role. 1st Edn. Butterworth- Heinemann. Pynes, J. E. (2004). Human Resources Management for P ublic and Nonprofit Organizations. (Jossey Bass Nonprofit & Public Management Series). 2nd Edn. Jossey-Bass.

Costing Concerns in Society

In today's competitive economy, the cost structure is much more complex than that of the past, and there is a lot less room for error than that allowed in the more laid back economy of the past. Today's costing concerns arise from the growing disparity between direct and indirect product costs. American manufacturers have been pursuing a steady stream of manufacturing methods and technologies. The goal was simple and uniform: to reduce or eliminate direct costs. But as manufacturing has evolved, so has the structure of a product's cost. Direct costs, such as labor, are no longer the dominant cost of a product. The cost of indirect activities such as automation, marketing, sales, engineering, and order processing have dramatically increased. Overhead has grown to become the most expensive element of product cost structure. This might not be so bad if conventional product costing systems could handle the shift in cost structure. Unfortunately, they don†t. Most conventional systems allocate overhead based on some burdened rate (direct labor hours is a good example). This was acceptable when overhead was small and direct costs were high. But in today†s automated factory, this can lead to disaster. Conventional systems report inaccurate product costs–often grossly inaccurate. Management, in turn, makes strategic decisions based on these inaccurate product costs. Traditional cost systems assume all overhead activities are consumed equally by all products relative to volume produced. Further, all costs are allocated to products because the system assumes that current output drives current overhead costs. Overhead costs are allocated to products on the basis of the product's demand for some volume variable direct cost, usually labor hours, machine hours, or materials cost. But none of these bases individually represents the actual overhead incurred to make the product. Conventional thinking holds that the inaccuracy is not relevant because in total all costs are accounted for, and on average the relative distortion in margin reporting can not be significant. Activity based costing, by contrast, identifies what activities are performed by the overhead organization and calculates the cost incurred to perform each activity. Costs are traced to products on the basis of the individual product's demand for these activities throughout the process of converting raw materials, energy and human enterprise into the finished article. The allocation bases used in ABC, then, are the quantifications of activities performed. These might include hours of labor or number of times handled. As already mentioned, conventional costing often leads to gross inaccuracies. This is because direct costs–especially direct labor–have been minimized by automation. At the same time, indirect costs have increased dramatically. And it†s the indirect costs that get averaged across product lines by conventional methods. To see how bad the errors can be, look at the following chart. Conventional costing says that product B has a much lower overhead cost per unit ($4.80 vs. $7.20 for Product A). But this can†t be so. Product B consumes five times as much engineering change activity as Product A. Product B should cost more to produce. What has happened here is that the conventional system has averaged overhead costs across both products. The total cost of engineering changes is divided by the total direct labor hours. The result, $2.40 per direct labor hour, is then applied to each product. This overhead averaging causes Product A to carry an unfair–and inaccurate–portion of the overhead costs. Now guess what happens when these cost figures are used in pricing. Product A will probably be overpriced for the market, and Product B will be sold for less than its true production cost. Conventional costing says that product B has a much lower overhead cost per unit ($4.80 vs. $7.20 for Product A). But this can†t be so. Product B consumes five times as much engineering change activity as Product A. Product B should cost more to produce. What has happened here is that the conventional system has averaged overhead costs across both products. The total cost of engineering changes is divided by the total direct labor hours. The result, $2.40 per direct labor hour, is then applied to each product. This overhead averaging causes Product A to carry an unfair–and inaccurate–portion of the overhead costs. Now, using the ABC concept, the costs are apportioned according to a driver, the number of engineering change orders. (ECO's) The next graph shows the reallocation of overhead costs by the ABC method. Product B is now carrying its fair share of ECO processing costs. As would be expected, Product B actually costs five times more than Product A in terms of indirect activity consumption. As you have seen, activity based costing can offer much clearer insight into the operations of a business than the conventional method .of the past. When ABC is used as a management system, it is a powerful tool for rethinking and improving products, services, processes and a company's market strategies.

Job hunting after graduation Essay Example

Job hunting after graduation Essay Example Job hunting after graduation Essay Job hunting after graduation Essay If you’ve left university and don’t yet have a occupation. here are tips on making an action program for happening work. It’s widely acknowledged that it’s harder than it used to be to set down your first graduate occupation. and more people now find they are graduating without a occupation to travel to straight off. If you are one of them. don’t panic. Take the chance for a short remainder. so concentrate on what you can make to do things go on. 1. Keep looking The good intelligence for alumnus occupation huntsmans is that employers are now enrolling all twelvemonth unit of ammunition. Traditionally. most graduate occupations were advertised in the fall milkround’ . with many pupils holding a occupation offer before they sat their finals. These yearss. alumnus employers are more likely to publicize on an ad hoc footing. as occupations become available or as they get extra budget for enlisting. So don’t halt looking. The gradireland Summer Fair that takes topographic point each June in Dublin is a opportunity to run into employers who did non make full all their occupations in the fall or who have new vacancies. Use the same vacancy beginnings as when you were at university: gradireland. com. your callings service website etc. But don’t merely rely on these: distribute your cyberspace every bit far as possible. 2. Network State everyone you know that you are occupation hunting ; be unfastened to any suggestions. Start with household and friends. so construct new relationships through them. The more contacts you make. the more likely you are to happen out about chances and fitting people who can assist you. The bulk of occupation vacancies are non advertised. so word of oral cavity can be really valuable. It can besides be deserving doing bad applications. These work best when they are targeted to an administration that you have researched and know you want to work for: a few carefully-written applications are more effectual than 100s of standard letters. Work experience or voluntary work can besides widen your pool of contacts and supply a pes in the door of the industry you’d like to work in. Don’t spend all summer on Facebook. Use a scope of societal media to do new contacts and happen out about new chances. Follow employers on LinkedIn. hunt Chirrup for intelligence of the industry you’re interested in. usage everything to meet’ new people. Get down a web log: done good. it could be a good add-on to your CV by foregrounding your expertness. creativeness or networking accomplishments. 3. Use for internships There are several internship programmes now available. many aimed specifically at alumnuss. These tend to change from three months to a twelvemonth. Some offer payment on top of your benefits while others carry accreditation ; some even give an chance to work abroad for a piece. Some of the chief strategies presently available are:2. Network State everyone you know that you are occupation hunting ; be unfastened to any suggestions. Start with household and friends. so construct new relationships through them. The more contacts you make. the more likely you are to happen out about chances and fitting people who can assist you. The bulk of occupation vacancies are non advertised. so word of oral cavity can be really valuable. It can besides be deserving doing bad applications. These work best when they are targeted to an administration that you have researched and know you want to work for: a few carefully-written applications are more effectual than 100s of standard letters. Work experience or voluntary work can besides widen your pool of contacts and supply a pes in the door of the industry you’d like to work in. Don’t spend all summer on Facebook. Use a scope of societal media to do new contacts and happen out about new chances. Follow employers on LinkedIn. hunt Chirrup for intelligence of the industry you’re interested in. usage everything to meet’ new people. Get down a web log: done good. it could be a good add-on to your CV by foregrounding your expertness. creativeness or networking accomplishments. 3. Use for internships There are several internship programmes now available. many aimed specifically at alumnuss. These tend to change from three months to a twelvemonth. Some offer payment on top of your benefits while others carry accreditation ; some even give an chance to work abroad for a piece. Some of the chief strategies presently available are: Irish republic JobBridge FAS Work Placement Programme IBEC Export Orientation Programme Alumnuss for International Growth ( G4IG ) Northern Ireland Graduate Acceleration Programme Using for internships via an official programme gives you a grade of security. You may. of class. besides find an internship by using straight to the employer. It’s advisable to be cognizant of your employment rights and the Congress web site is a utile beginning of information. Internships are non merely a stop-gap on the manner to a lasting occupation: as a taster’ of a peculiar sector they can besides assist you to take which calling you finally would wish to prosecute. Whatever you do. you will derive new accomplishments and experience to add to your CV. 4. Better your employability Remember that you can still acquire aid from university callings services after you graduate – either at your ain university or. if you’ve moved back place. another higher instruction establishment. Make an assignment if you need advice on how to develop and market your accomplishments or to better your CV. Despite the downswing. there are still countries where there are accomplishments deficits and unfilled vacancies. If you have the aptitude. see upskilling. possibly through a transition class in IT. or by larning a linguistic communication. Lifelong learning’ is now considered indispensable even for those already in work. so if you have trim clip usage it to read and larn about the country of work you want to acquire into. Work on your employability accomplishments: authorship. disposal. team-working. communicating etc. You’ll be in a strong place if your occupation applications can show these qualities. See voluntary work as a manner of adding to your portfolio of experience and larning new accomplishments. There are chances for short and long-run engagement. whether it’s assisting out at a local administration or working for a national charity. 5. Be unfastened to chances Realistically. it may non be instantly possible to acquire a graduate-level occupation. If something else is available – even if it is a insouciant or impermanent occupation – try to utilize it as a stepping rock. A occupation in admin or client support could take to a more senior place in the same company subsequently. It will allow you turn out that you have workplace experience and a good work ethic. and can give you movable accomplishments to add to future occupation applications. Don’t overlook little concerns. There are a batch of them. so add up to a major force as employers. They may non publicize specific graduate’ vacancies but can be a good environment if you’re at the beginning of your calling as there is frequently more flexibility to larn new accomplishments. 6. Don’t give up Taking a twelvemonth out or subscribing up for graduate student survey may be alluring as a manner to prorogue looking for work. They are deserving sing if you are certain that you can show afterwards the benefits to employers. Otherwise. believe carefully about whether this will assist in the long term. It’s non needfully the easy path. but the best class of action may be to remain put. remain positive and stay persistent. If things aren’t traveling good. reexamine your advancement and ask for aid and back up if you need it.

Market Structures and Pricing Strategies Essay Example | Topics and Well Written Essays - 2750 words

Market Structures and Pricing Strategies - Essay Example The basic understanding underlining the case study is that the four basic structures are perfect competition, monopoly, monopolistic competition and oligopoly. Perfect Competition and Monopoly are the extreme forms and most of the markets in existence lie between the two extremes. It has been observed by economists that perfect competition and monopoly are theoretical. During 1930s Edward Chamberlin of Harvard University and Joan Robinson of Cambridge University tried to make the study of market structures more realistic. The structure they analyzed is called monopolistic competition. â€Å"The concept of perfect competition was first introduced by Adam Smith in his book "Wealth of Nations". Later on, it was improved by Edgeworth. However, it received its complete formation in Frank Kight's book "Risk, Uncertainty and Profit".† Perfect competition is the market structure where you have large number of buyers and sellers. The sellers sell identical products. An example of Perfe ct Competition is the market of bathing soaps. Key characteristics of Perfect Competition are 1. Knowledge is freely available 2. No barriers to entry 3. Firms produce identical products 4. No single firm can influence the price. The firm is the price taker and the price is determined by the industry demand and supply. 5. There are large number of firms in the market 6. The motive of the firms is profit maximisation Monopolistic competition and Oligopoly lie between the two extreme market structures of Perfect Competition and Perfect Monopoly. ... Later on, it was improved by Edgeworth. However, it received its complete formation in Frank Kight's book "Risk, Uncertainty and Profit" (1921).† As stated on : http://economicsconcepts.com/perfect_competition.htm Perfect competition is the market structure where you have large number of buyers and sellers. The sellers sell identical products. An example of Perfect Competition is the market of bathing soaps. Features of Perfect Competition: Key characteristics of Perfect Competition are 1. Knowledge is freely available 2. No barriers to entry 3. Firms produce identical products 4. No single firm can influence the price. The firm is the price taker and the price is determined by the industry demand and supply. 5. There are large number of firms in the market 6. The motive of the firms is profit maximisation 2. Monopolistic Competition Monopolistic competition and Oligopoly lie between the two extreme market structures of Perfect Competition and Perfect Monopoly. What is Monopoli stic Competition? In this market structure, there are many buyers and sellers, like in a perfect competition. However, the products are more differentiated. An example could be Restaurants, where every restaurant may specialize in a different cuisine. As Karen Collins puts it in the book Exploring Business, â€Å"Products can be differentiated in a number of ways, including quality, style, and convenience, location, and brand name.† Features of Monopolistic Competition: The Key features of Monopolistic Competition as mentioned in the book â€Å"Economics: Principles and Policy† by William j. Baumol and Alan S. Blinder are: 1 Large number of buyers and sellers 2 Freedom of entry and exit 3 Perfect Competition 4 Heterogeneous

Blogs Assignment Example | Topics and Well Written Essays - 500 words

Blogs - Assignment Example The blog is using facts and opinion with the numbers and statistical data on bullying and other forms of antisocial behavior highlighted. The blog is reflecting with how the past was structured and the difference that is seen in comparison to the present attributes of anti-social behavior. There is a photo of a young lady with a computer that appears disgusted or broken by a picture or a post that she has seen on her computer. The photo is social how the computer may influence a person if only it’s written badly and in the process lead to bullying and other forms of anti-social behavior. This article looks at the influence of social media on teens. In the blog the writer asserts that there are detrimental effects not only on their social behavior but also on their academic performance. The article is examining the difference that may be witnessed in future with more students in the current generation using the same platform for all their academic work. The blog is based on opinions that have been generated from deductive reasoning by the writer. The blog does not quote other writers but has deduced its argument from a single analogy and is projecting the same to be the case into the future. The last blog looks at the influence of social networking in children and uses the opinion by other cites and also factual information to conclude that it being affected badly. There are less face to face conversations and the children are going to grow with depleted connections with the other members of the society. The blog looks at the past and future effects of social media and does not see any form of better social behavior coming from the social media

Renaissance of Thoughts Essay Example | Topics and Well Written Essays - 750 words

Renaissance of Thoughts - Essay Example However the thesis proves to be a contrast. According to Aristotle, no one would be able to stay happy and wise unless the â€Å"philosopher’s paradox† is defended. Socrates commitment to the sufficiency thesis, however, offer lucid substantiation for Socrates’ dedication to the requisite of wisdom for happiness and so defines the fundamental significance of wisdom for Socrates. On the typical interpretation, Socrates argues for the sufficiency thesis in Euthydemus 278–282. Irwin nicely exhibits this way of reading the passage: â€Å"Socrates takes it to be generally agreed that we achieve happiness by gaining many goods (279a1–4), but he argues that the only good we need is wisdom. He argues in three stages :( 1) Happiness does not require good fortune added to wisdom (279c4–280a8). (2) Wisdom is necessary and sufficient for the correct and successful use of other goods (280b1–281b4). (3)Wisdom is the only good (281b4–e5). Fro m this Socrates concludes that if we want to secure happiness, we need not acquire many goods; we need only acquire wisdom (282a1–d3)†. (Jones 2013). In this context it is relevant to discuss the philosophy of Roger Bacon where he made precise observations about the natural processes of life. His attention was mainly relating to alchemy and his misconceptions had connection with his knowledge of magic. He loved to experiment and because of this some of his contemporaries regarded him as necromancer and sorcerer. His thirst to know the truth paved the way for a new experimentation where he formed a head from dead human heads and expected it to speak to him through the aid of devil. Alchemists applied some experimentation technique in the Aristotelian domain, to draw conclusions from the principles which had already been ascertained through thoughts, philosophies and observations (Krebs 1999 124) around 2500 years back, the Buddhist tradition explained the meaning of happ iness. However, Buddha’s first preaching was about the fact that the foundation of happiness revolves round suffering and pain and both happiness and pain are the results of our own deeds and thoughts (cloudwater.org n.d.). As per Martin Luther King Jr. â€Å"If we are to have peace on earth, our loyalties must become ecumenical rather than sectional, Our loyalties must transcend our race, our tribe, our class, and our nation; and this means we must develop a world perspective† (The Wisdom of Martin Luther King, Jr. n.d). Thus the thoughts of scholars state that gaining continuous knowledge and obtaining wisdom from various experimentations are the main sources of happiness. Happiness is a universal term and it can’t be obtained staying aloof from others. The perspective of eminent scholars state that â€Å"happiness can’t be felt unless we know what sadness is.† However the modern day philosophies state that people today, tend to relate happiness with material possession. It is true that wealth brings happiness, but for a moment. In the words of Jesus Christ, â€Å"It is easier for a camel to go through the eye of a needle than for a rich man to enter the Kingdom of God† (Gulla 2010 170) The urge for wealth and material possession is defined by our needs. It can be said that, however, even if needs are satisfied, it can’t provide a long-term satisfaction as needs are innumerable.  

International Accounting Standards Master Essay

International Accounting Standards Master - Essay Example The International Accounting Standards Board (IASB) replaced the IASC which had stopped operations in April, 2001(Schioppa,2004). The new replacement board concentrated its efforts developing the International Financial Reporting Standards starting in the year 2001. Furthermore, the International Accounting Standards Board in London is a privately-funded and independent accounting standard-setter that headquartered in London, United Kingdom(Buthe,2005). They say that accounting is an art. Meaning, any accounting data can be written in whatever style the bookkeeper or accountant wants provided information is understood. In summary, the International Accounting Standards (IASs) had been issued by the IASC from 1973 to 2000. Also, the International Accounting Standards Board had been replaced by the International Accounting Standards Council in 2001. Since then, the IASB has amended some IASs, it had inclusively proposed to amend other IASs, it had proposed to replace some IASs with new International Financial Reporting Standards (IFRSs), and had adopted or even proposed certain new IFRSs on topics for which there was no previous IAS. With the help of their separate committees, both the IASC and the IASB had issued Interpretations of Standards. Finally, the financial statements must comply with all of the requirements of each applicable standard and each applicable interpretation to be described as complying with IFRSs. C) International Financial Reporting Interpretations Committee (IFRIC) in relation to International Accounting StandardsIn terms of interpreting the international accounting standards, the International Accounting Standards Board has replaced the IASC's Standing Interpretations Committee (SIC) with the the International Financial Reporting Interpretations Committee (IFRIC). The replacement took place in the year 2001. This committee is mandated to reviews or not. on a regular basis inside the context of current International Financial Reporting Standards (IFRSs) and the IASB Framework, all accounting issues that will likely receive differing or unacceptable treatment in the non- appearance of authoritative guidance. Its view is to reach consensus on the appropriate accounting treatment. When developing its interpretations of financial accounting theory, the IFRIC gets feedback as it works hand in hand with similar national committees from many countries in the world. The IFRIC makes technical decisions that are taken at sessions where the public is invited to observe. The bottom line here is that the international accounting standards must be distributed and explained to all countries in the world for understandability and speed(Buthe,2005) As a result of the virorous efforts of The three accounting bodies above, the existing procedure for setting international accounting standards is now well established. Since accounting is the language of business, then international accounting standards insures that more nations understand each other when scrutinizing the balance sheet, income statement and statement of cash flows. II. Why is the development of International

Impact of Technology on Trade

Impact of Technology on Trade Technology plays a crucial role in the development of countries. It is very important both for developed countries and developing countries as technology progress will enable countries to be more competitive in the global market. Thus progress in technology helps countries to develop the economy and strengthens their trading positions in the competitive global market (Sabir, 2010). With the development of technology, high-tech products will become the major players in international trade. The traditional primary products and ordinary manufacturing goods will account for less in the international trade business than before. In order to illustrate the impact of technology on trade and development for the country, this essay will take South Korea, a developed country and the Samsung products as example to analyze the way the technology influences the countrys development and its trade. Technology development in South Korea The development of technology can decide the future of the country in terms of its economy growth and its position in the international community. South Korea, as all we know, is a lively example in the technology research and development. Forty years ago, South Korea was still a laggard agricultural country and was empty in science technology fields. However, during 40 years endeavor, South Korea has made outstanding performance and achievements in the technology development. Its innovation capability is improved a lot and the distance to developed countries regarding the technology aspect is becoming closer. Since 1970s and 1980s, the science technology policies of South Korea have been gradually shifted from introduction imitation model to self-development and innovation (Viotti, 2002). Therefore, since then, high-tech projects, such as sophisticated electronics, new materials, semiconductors, precision chemistry etc. have been developed rapidly in South Korea. That Semi-conduc tors enterprises, such as Samsung, can successfully compete in the international semiconductor market can not separate from the independent technological innovation. Thanks to the technology progress, South Korea has made great development in economy. As we know, economy and technology are two essentials which can not be separated from each other for the country. The progress of technology will promote the development of the countrys economy, meanwhile, economy growth will enable the country more capital to the technology research. From the experience of developed countries, their fast development in economy can not be separated from their progress in technology. Technology is becoming the core for the developed countries (Hausmann and Rodrik, 2003). Impact of technology on trade and economy growth Economic development of South Korea started in 1950s and achieved a take-off in economy growth in 1960s. In the initial stage, South Korea applied inward economy growth strategy; however, since 1962 the country began to implement an export-oriented economy development strategy. South Korea is severely dependent on the external markets since its internal market is very limited. The country is highly focused on the export business to create foreign exchange and import the scarce resources. With the development in high-technology fields, South Korea has realized to increase the exports of the high-tech products which have successfully contributed to a rapid economic growth for the country. South Korea has achieved a considerable growth in its GNP from 87 USD in 1962 to 10 936 USD in 2001. This is close to the highly-developed countries. Among the exporting volumes, the high-tech products are increasing year by year. In 1988, the high-tech products accounted for 15.97% of the total expor ting volume. In 1999, the high-tech products reached to 32.2% (Kwon, 2010). The progress in technology has greatly helped South Korea in achieving good result in the global trade market and resulted in a great growth in GDP and its overall economy. Samsung Electronic is a typical successful example in the research and development of technology for South Korea or even for the whole Asian countries. Many technological and electronic manufacturers in Asian countries are trying to learning from Samsung Company. Samsung Electronic Company has made great contribution to South Koreas economic development. Samsung has got its white goods and other products such as mobile phones famous in the global marketplace. In 2000, the export amount of Samsung Electronic has reached to 18.6 billion US dollars which accounted for 11 percent of the total exporting value. In 2004, Samsung has made a breakthrough of 50 billion US dollars of exporting value and accounted for 21% of the total export value in South Korea (Kang and Jin, 2006). The reason why Samsung products can take a great market share in the global trade market is highly dependent on the technology progress. Take Samsung mobile phone as example, with the continuous innovation and progr ess made in the technological field, Samsung mobile phone is now become one of the leading mobile brands in the world. It has already posed a threat to Nokia and Motorolas leading positions in the global mobile phone market (Uimonen, 2000). Facing the fierce competition environment in the global mobile phone market, Samsung mobile phone maintains its strategy to position high-end products for the people with certain consuming capability. High-end products need high-technology to support and continuous improvement in the technology innovation to maintain the high price. Therefore, Samsung never stops its technology research and contributes considerable amount of money into new technology research and innovation every year. Besides the mobile phone area, Samsung is also making efforts to expand its other electronic products with high technology, such as TV, LED, refrigerator, and other white goods in the global markets (Bonaglia, Goldstein and Mathews, 2007). Of course, China is its l argest trading partner and Samsung products have covered a relatively large market share in China. Conclusion In conclusion, technology progress is the major power and source to speed up the development of the social economy for a country. Nowadays, as peace and development are the major theme for the international communities, high-technology is attached great importance in boosting the economy growth for a country. At the same time, under the globalization trend, the development of technology will help the country to be more competitive in the global trade market thus to boost the countrys economy development.