Globalization Comparative Essay – Pros and Cons

Globalisation From the 20th century to today, with advanced communication and transport possibilities, grows the ratio of companies and countries providing wide scale of investments and business activities internationally. Moreover, the number of people migrating across the globe is significantly increasing. In other words, the world as we know it today, is different than the world of yesterday. Thus, it is changing into one huge, global, village. The term ‘globalisation’ interprets â€Å"worldwide integration and development. † (Dictionary. om 2012) Like every change, especially those of such a massive volume, also the model of globalised and integrated world is dividing society, not only academic, into two different argumentative positions. Proposition and opposition. Many people believe that the globalisation causes more negatives than positives on the economies of countries in the world. This essay discusses various impacts of globalisation on economies consid ered from two common points of view. Primary are compared positives and negatives caused by integration of countries worldwide.Subsequently, it is necessary to realize the importance of the ‘Third world’ in the process of globalisation, therefore this essay also investigates the case of developing countries and various benefits for them as well as the crucial damages caused by liberalisation of their economic environment and entrance of powerful multi-national corporations into local markets. One of the basic characteristics of an integrated world is that countries are more likely to help each other in the case of economic problems, because they are interdependent.Companies invest internationally, governments cooperate and sign bilateral or multilateral international agreements and establish unions (Commonwealth, NAFTA, EU,†¦) to simplify trade and flow of capital. Moreover, bank sector operates with the assets all around the world. All these examples belong to the category of international trade. With the formation of world market and multinational investments is strongly connected the sharing of interests spread worldwide.Therefore, â€Å"international trade is taken to be an indicator of interdependence, its high and with some interruptions rapidly growing values are accepted as evidence of the increasing interdependence of nations. † (IMF 2001) If conditions in countries are sound and economic environment healthy, businesses are making profit, export goods and pay income tax and CLO fees. On the other hand, if one country has various financial or debt problems, economic performance of particular region is weak. Businesses are making loss or are less likely to enter the market and international trade decreases.This fact motivates states to protect each other from the bankrupt and keep economic environment healthy. For example in European Union is established European Financial Stabilisation Mechanism for the purposes of protecting s tates from the bankrupt and keeping economic performance satisfactory. â€Å"This mechanism provides financial assistance to EU Member States in financial difficulties. † (European Commission 2012) Globalisation leads to increase in rich-poor gap. In terms of rich-poor gap is meant the difference in wealth between ‘rich north’ and ‘poor south’, in other words, developed and developing countries.Only wealthy companies can provide financially demanding investments across the borders. Considering fact that firms are profit-maximisers, substantive reason for investing of capital and resources in developing countries is expense reduction; consequently they are enlarging profit. Costs of labour and production intakes, as well as taxes, are not inconsiderably lower than in developed countries. However, all the profit made in developing world flows back to the developed world. According to United Nations Conference on Trade and Development, in year 2007 was net inflow of capital into developing countries 196. bill. USD and overall export of capital was 772 bills. USD. (UNCTAD 2007) Moreover, companies investing abroad are so rich and powerful, that they can rule the market in smaller countries and take a competitive advantage. In developing countries are various problems to be solved by the businesses, beginning with poor infrastructure or lack of qualified workforce, ending with weak financial performance of local businesses to overcome these issues. On the other hand, multi-national companies have much more resources available to enter the market and their strong background provides them a competitive advantage. While local firms often find it difficult to compete with these firms, MNCs appear to be doing very well in spite of the competitive challenges faced. † (Ogutu and Samuel 2011, p. 1) Globalisation contributes to the improvement of the economies in developing countries. Firms enter the undeveloped market and invest their capital. Afterwards, these companies start to produce goods, employ people and sell their products and services. Furthermore, expands import and export of various supplies and materials in and from a specific country.Market in particular regions evolves and becomes liberalised as an impact of product exchange and international investments. â€Å"†¦liberalisation leads to further development of a country's financial system which in turn is thought to enhance productivity in the real economy†¦Ã¢â‚¬  (Arestis and Singh 2010, pp. 11-12) In addition, the national budgets of countries benefit mostly from CLO-fees, income tax and GST set on all sold goods and services. Furthermore, citizens can take an advantage of working opportunities, including personal improvement and further qualification, provided by international companies and, of course, their income increases.Living standard of the population rises. As the evidence of such globalisation impact is considered the increa se in GDP and improvement of economies in developing countries. For instance: â€Å"Globalization in India had a favorable impact on the overall growth rate of the economy†¦growth rate in the 1970’s was very low at 3%†¦ above 8% was an achievement by the Indian economy during the year 2003-04. † (Goyal 2006, p 168) Contrasty, in the long run vantage point, globalisation causes various damaging negatives to each economy, mostly of smaller, not very powerful (developing and less developed) countries.The circle of naturally changing periods of productivity and recession in economy is considered to be an economic law. During the recession, which is regularly repeating status of each market economy in the world, the liberalised markets of particular countries, depending on multi-national corporations (foreign bank sector, several industrial sectors), are very threatened. Once recession begins, firms are reducing their production, closing factories and releasing em ployees. As a consequence is possible to observe fall in productivity, decrease of economic performance and increasing unemployment.Arestis and Singh assume, that â€Å"the financial crisis†¦Ã¢â‚¬  (the period of recession) â€Å"†¦of August 2007 and the subsequent spread of it in the rest of the economy and the world, does not augur well at all for the poor, especially so in the developing world. † (Arestis and Singh 2010, p 7) If economies depend on those corporations and world market in general, they could find themselves in a disastrous situation. â€Å"Impact of the crisis can be realized by dramatically reduced capital inflow and a large private external refinancing†¦that all reflects on the reduction of export performance and a drastic fall in export markets. (Djordjevic and Stoiljkovic 2009 p 264) For completion of the story of India it is important to adjust situation of Indian economy after year 2006. â€Å"Due to globalization, the Indian economy cannot be insulated from the present financial crisis in the developed economies. â€Å" (Prasad and Reddy 2009) Furthermore, according to Prasad’s and Reddy’s research, the Indian economy was affected in various sectors from increase of unemployment, fall in investments and exports,†¦ This whole model of Indian economy describes clearly short- and long-run effects of globalisation process and interdependence of countries in the world.The integration of economies brings definitely benefits in the short run, but has destructive consequences in the long run, spreading the crisis between countries rapidly. Investigating and considering of all proposing and opposing arguments relevant for the discussion about globalisation, it is possible to conclude that the process of integration and development might have several positive effects on cooperation of the countries and, in addition, short-run positive affect on economies of developing countries.However, in long-run i t is possible to recognize several problems with financial help of the states between each other, based on enormous amounts payable for the countries which have debts. (Greece, Spain, Italy,†¦) As Dixon suggests, â€Å"the bailout fund doesn’t have enough money to rescue both Madrid and Rome. † (Dixon 2012) Moreover, considering the outflow of capital from developing countries and therefore enlarging the rich-poor gap and profits of multi-national companies, improvement in economies of developing countries could appear as irrelevant.Destructing effect on the people living in third world countries is in long-run very possible. At least the risk of possible damage is so enormous that it is significant that the globalisation causes more harm than good on the economies not only of the ‘Third world’ countries. Reference list Arestis, P & Singh, A 2010, ‘FINANCIAL GLOBALISATION AND CRISIS, INSTITUTIONAL TRANSFORMATION AND EQUITY’, Centre for Bu siness Research, University of Cambridge, Working paper No. 405, pp. 11-12. Available from www. cbr. cam. ac. uk [22. 9. 2012]Djordjevic, M & Stojilikovic, S 2009, ‘GLOBALIZATION AND THE CHALLENGES OF THE WORLD ECONOMIC CRISIS’, FACTA UNIVERSITATIS Series: Economics and Organisation Vol. 6, No. 3, 2009, p. 264. Available from: http://facta. junis. ni. ac. rs [22. 9. 2012] Goyal, K A 2006, ‘Impact of Globalization on Developing Countries (With Special Reference To India)’, International Research Journal of Finance and Economics, Issue 5 (2006), p. 168. Available from: www. eurojournals. com/finance. htm [22. 9. 2012] http://blogs. reuters. com/hugo-dixon/tag/european-central-bank/ http://ec. europa. eu/economy_finance/eu_borrower/efsm/index_en. tm http://www. imf. org/external/pubs/ft/fandd/2001/06/streeten. htm Ogutu, M & Samuel C n. d. , STRATEGIES ADOPRET BY MULTINATIONAL CORPORATIONS TO COME WITH COMPETITION IN KENYA, University of Nairobi, Nairobi Kenya , p. 1 Available from: http://www. aibuma. org/ [22. 9. 2012] Prasad, A & Reddy,P 2009,’Global Financial Crisis and Its Impact on India’, J Soc Sci 21(1): 1-5 (2009), 2009. Available from: http://www. krepublishers. com United Nations Conference on Trade and Development 2008, DEVELOPMENT AND GLOBALISATION: Facts and Figures, United Nations Publication, Geneva, p. 16

Differences between Basic Trauma Life Support and Advanced Trauma Life Research Paper

Differences between Basic Trauma Life Support and Advanced Trauma Life Support - Research Paper Example This has been attributed to the increase a number of diseases to young people, increase in disability cases and a great loss of young productive life, which in turn has brought about socio-economic losses to the society at large. This great loss of life has attracted public interest as well as public health community and civic organizations attention to come up and formulate strategies that can prevent or improve the damages caused by injuries (Cales, 1-8). Differences between Basic Trauma Life Support and Advanced Trauma Life Support Among the strategies that have been formulated to decrease injury burdens are the health care provisions. These have reduced the rate of deaths from injuries as well as the rate of disability caused by these injuries. In the last decade most high income countries have witnessed reductions in trauma mortality of up to 15%-20%. This has been attributed to improved systems of trauma care within the health communities. In many developed countries, health co mmunities have introduced and are implementing trauma life support systems. This is pre-hospital care that includes both the basic trauma life support and advanced trauma life support. This has been due to the fact that most patients with injuries arrive at the hospital by means of private transport and need a lot of pre-hospital care hence it’s being adopted by health communities in many countries (Cales, 1-8). ... This paper however is more concerned with noting the difference between the basic trauma life support and the advanced trauma life support as well as those patients that are exposed to basic trauma life support and advanced life support in California (Isenberg and Bissell, 265-270). Empirical studies show that pre-hospital care is classified into two categories. The basic trauma life support and advanced trauma life support. These two categories are mainly differentiated by the methods used in their application. In the case of advanced trauma life support, sophisticated methods such as airway management, intravenous fluids infusions, synchronized cardio version, cardiac monitoring, electrocardiogram interpretation, medications and intubation are used (Klemen and Grmec, 1250-1254). On the other hand, in the cases of basic trauma life support, simple noninvasive methods such as cardiopulmonary resuscitation, bleeding control, splinting broken bones, artificial ventilation, basic airway management and administration of oral or rectal medications are used to prevent further injuries. In the case of transportation of a patient, advanced trauma life support requires a ground ambulance or a helicopter with physicians or paramedics (Lee et al., 815-819). On the other hand, basic trauma life support can be applied within any means of transportation as well as given by paramedics or emergency medical technicians since it does not require the sophisticated methods used in the advanced trauma life support. Although basic trauma life support does not use the same methods as advanced trauma life support, advanced trauma life support does use the

Review McDonald's Organizational Chart Assignment

Review McDonald's Organizational Chart - Assignment Example In the case of McDonald’s organizational chart, the top management is headed by the chief executive officer called James A Skinner (Narapareddy, 2009). Just below the Chief executive there are vice presidents who are also the heads of the company’s different functional units. These functional units are managed from the head office and divided into smaller group managers in different markets where the company operates. These include group president – McDonalds Canada, president – MacDonald’s Asia/pacific, Middle East and Canada; Chief Operating officer – McDonald’s USA and the president of McDonald’s USA (Narapareddy, 2009). The group leaders in different markets are then divided into different divisions e.g. President – central division for McDonald’s USA, East Division for McDonald’s USA, West Division for McDonald’s USA etc. The company’s multidivisional structure therefore represents a geogr aphical structure with four important segments: McDonald’s – USA, McDonald’s – Europe, McDonald’s – Asia/pacific, Middle East and Africa; and McDonald’s – other countries and corporate (Narapareddy, 2009). This structure is a typical example of a multidivisional structure where divisions are managed geographically; each divisional manager managing a given geographical region. This is because theory suggests that multidivisional or divisional organizational chart marks off an organizational structure according to the demands of different markets, customers and products in their given business environment. In the case of McDonald’s organizational chart, the different divisions represent the demands of different geographical markets as illustrated in the organizational chart. McDonald’s organizational chart is a good chart representing a successful structure of the company. However, there are various improvements whi ch I could recommend for the organizational structure. First, I recommend that the divisions of the company should be based not only on the geographical markets but also the products of the company. For instance, the company may have food division, grocery division and beverages division. Another recommendation which I think can be more beneficial for the company is to increase the geographical divisions so as to reduce the burden of the divisional managers. For instance, McDonald’s Asia/Pacific, Middle East and Africa division may be divided into three divisions: McDonald’s Asia/Pacific, Middle East and Africa as different divisions not as a single division. The company should also divide McDonald’s Canada and Latin America division into three divisions namely Latin America Division, Canada Division and Mexico division. Europe’s division may also be divided into Eastern Europe and Western Europe divisions. Finally, a good recommendation for the companyâ €™s organizational structure is for the company to establish a central division which offers central services such as finance, CSR and other centrally managed services of the company. These central services are conducted with a direct link to the various divisions through an integrative, participative and proactive system which ensures that there is an effective information flow from the top management through different management levels to the various divisions of the company (Rollinson 2008). Despite the various aspects which require improvements, McDonald’

HR case study Essay Example | Topics and Well Written Essays - 750 words

HR case study - Essay Example It is generally accepted that this high rate is due to the above-average aptitudes of the personnel in the department has its own in-house set of training courses and purchases â€Å"space† in various seminar classes. These programs are geared to making the employee significantly more valuable to the department. The managers in the programming department have been very proud of the development of their personnel and feel that education from all sources has improved departmental performances. Recently, however, the system seemed to backfire in the programming department. Ezra Brooks, a very bright and aspiring young programmer for whom management had high hopes, quit. Ezra had found that the extensive intraorganization training, the invaluable work experience, and a newly awarded college diploma represented a fairly lucrative portfolio of credentials, which he took to a large national accounting firm. Ezra had expressed a desire to stay, but he was told that there were no anticipated openings at managerial levels in the computer area. Ezra’s manager had a dilemma. Loss of Ezra meant a ten-month setback for the project Ezra was working on. He also felt that the extensive training Ezra had received at the company’s expense was little utilized compared to what Ezra would have contributed had he remained with the company. However, the manager’s greatest concern was that Ezra was the first in a group of several employees who would graduate from college under company sponsorship in the near future. Ezra had shown to the remaining group that if the firm would not recognize his achievement and aspirations, other employment could be easily found. The case clearly reveals that Ezra Brooks is a valuable employee for the organization. He has been given training to improve his computer programming skills such that he could easily secure his aspired job in some other big firm. Since he seems to be under no obligation to say back and complete the ongoing

Early Childhood Teacher Essay Example | Topics and Well Written Essays - 1000 words

Early Childhood Teacher - Essay Example A good early childhood teacher should have an understanding of what he or she needs to accomplish with his or her students. While the typical knowledge is that teachers need to impart knowledge like a person stocking meat inside a sausage casing, I believe that they should be more aware of the fact that students have this innate capability to learn and reason out. Thus, learning does not necessarily mean spoon feeding the children with the things that they need to know where the teacher takes an active role and the students wait passively. Teachers should be able to elucidate knowledge from the children by stimulating their young minds and enabling them to learn. The children need to take an active part in learning. They should not be there only to accept what the teacher imparts to them but they should be able to enhance their capabilities of bringing out the innate capacity to think and reason out. One of the best examples of this is Socrates' dialectics where he constantly asks questions to youth enabling him to stimulate their reasoning abilities. He makes his student's realize that they are capable of thinking beyond and out of the box (Socratic Seminars 2008). In a school setting, this should be used to small children in order for them to acquire the ability to depend themselves through rational thinking. For example, instead of directly saying that gravity pulls everything into the earth surface, the teacher should ask students what happens when something is dropped. Then follow it up with why they think it is so. Then, he or she could explain that this is because of a force which pushes everything down. The good teacher can also ask students instances when they think that the law of gravity is violated. Small children are very good imitators. In fact, they often learn things that they directly see in their parents, teachers, and other persons making up their immediate environment. Imitating words and actions are their way of learning and exploring their environment. Because of this, a good early childhood education teacher is one who lives up to what he or she teaches inside the classroom. A teacher should teach through his or her good example. It should be noted that when parents send their children to school, it is not just the mental and intellectual capacity which they expect to nourish but also their children's character. Thus, it is important that the teacher's attitude and behavior mirrors a decent individual who is morally excellent. A good early childhood teacher should be able to display a character which is pleasing to every parent or student. He or she should be aware that her actions will strongly impact and shape the moral development of his or her students. Name calli ng, bad words, impatience, dishonesty, and unfairness have no place inside a classroom where small children are intended to become decent citizens (Muir 2007). A teacher should be able to back by her actions the words that he or she preaches inside the classroom. It is irrefutable that small children honor and respect their teachers even more than their parents because of their knowledge. They see their mentors as

Warranties as Contracts Coursework Example | Topics and Well Written Essays - 500 words

Warranties as Contracts - Coursework Example This paper illustrates that warranty is a condition which is collateral to the existing status of the contract. A contract can still do without the prevailing condition of the warranty. When an individual buys a product, he has a warranty attached to it. However, due to some action on behalf of the consumer, it might lead to the defeat of the warranty. What we mean by this statement is that if the consumer uses the product in a fashion not demarcated by the manufacturer, then that might lead to the breach of the warranty. However, it is very crucial to understand at this juncture that this said loss of warranty will not tantamount to the breach of the sale contract which the parties entered into. Having bought an Apple iPhone, if an individual jailbreaks it, then he tantamounts to the loss of the warranty of the product. But, at the same time, it would not result in the entire breach of the contract. The sale contract still exists and the manufacturer or the consumer cannot ask for t he refund of the money or to return back the product to the manufacturer. Warranty as a contract is an assurance that the product shall be fixed and repaired at any given time, however, there is a time stipulation to the said warranty and the consumer has to approach the manufacturer within that frame of time in order to get the product repaired along with the benefits which a warranty provides. To conclude, it is crucial to recap the basic definition of a warranty as defined earlier in this paper. A warranty is a collateral which is essential to the functioning of the contract. It is collateral which is attached to the existing terms and conditions laid down in the contract.

Reflections on World's Leadership Essay Example | Topics and Well Written Essays - 2500 words

Reflections on World's Leadership - Essay Example Effective leaders are capable of setting and achieving challenging goals along with taking speedy and crucial actions even in complicated circumstances. These activities are undertaken by the leaders to outperform their opposition and also to take designed risks for the purpose of persevering in the state of failure. Effective communication skills, confidence, ability to handle others and willingness to adopt changes also exemplify good leaders. Not all leaders are able to follow these broad aspects while deploying their leadership. However, those who are able to follow are characterized as good leaders but on the other hand those who are not able to comply with the fundamental aspects of leadership can be considered to be bad leaders (Daft, 2008; Fairholm, 2011). Correspondingly, the essay will specifically highlight a good leader i.e. Mohammed bin Rashid Al Maktoum and a bad leader i.e. President Bashar al-Assad in terms of their stance in a societal context. The essay will also pr ovide an in-depth knowledge pertaining to the aspects that highlight both the leaders’ leadership style. In addition, the essay will also reflect upon valuable aspects of both the leaders that put them in good and bad leadership positions. In-depth knowledge in this respect would prove to provide valuable insights about both individual’s leadership patterns as well. Analysis of Leadership Dimensions of Two Leaders Background and Contributions of Mohammed Bin Rashid Al Maktoum According to Daft (2008), certain desirable characteristics of a preferred leader whom the followers like to follow vehemently include forward thinking, honest, inspiring and competent. With this consideration, it can be apparently observed that Sheikh Mohammed bin Rashid Al Maktoum who is currently the Prime Minister and Vice President in the United Arab Emirates possesses these valuable qualities. He is also one of the rulers in Dubai. He has been holding these positions since the year 2006 begi nning from the month of January. He was born in the year 1949 on July 15th in the Al Maktoum house in Shindagha, which is located near a famous stream of Dubai. He has been deploying his wide assortment of duties since 2006 in a very skillful and effective manner, which substantiates his competence. Also, he has been able to work upon the interests of the public which puts him in a very good position as a forward thinking leader. He had been witnessed to get involved in various activities i.e. allowing free funds in mosques and launching initiatives to support the World Health Organization (WHO) among various other activities, which prove his loyalty for the people along with his forward thinking characteristic. In addition, he displayed his leadership attributes in a diversified and well-grounded manner. There are many instances and events that corroborate his valuable contributions towards the region where he leads. In the month September 2007, it has been reported that he launche d the Dubai Cares campaign. This campaign was primarily launched for the purpose of raising money in order to educate around 1 million children in most of the poor countries. The broader aim of the campaign was to ensure Dubai's active involvement to the United Nations Millennium Development Goals. It was essentially targeted for offering the ‘Children’s Primary Education to every child’ in the UN by 2015. The amount which was donated for this campaign