The role of the financial sector in economic development Essays

The role of the financial sector in economic development Essays The role of the financial sector in economic development Essay The role of the financial sector in economic development Essay The topic of my essay covers one of the most distinguished areas in the theory of economics financial sector. There is an enormous corpus of literature dedicated to this particular aspect and it was my intention to review only those that are very closely related to the role of financial system and financial liberalisation. To be able to assess the role of the financial sector and financial liberalisation, it is convenient to divide the title of this paper into several categories. In a subsequent section the role of the financial sector will be reviewed. In separate sections I will introduce the present theory of financial liberalisation, its advantages and risks inherent to it. Given a constraint of a world limit it is impossible to go through all the arguments within the scope of the topic, that is why, I tried to choose only those, which were in my opinion of the most prominence. It is by now widely agreed that finance contributes to long-term prosperity. It is obvious that advanced economies have sophisticated financial systems. What is not obvious, but is borne out by the evidence, is that the services delivered by these financial systems have contributed in an important way to the prosperity of those economies. Getting the financial systems of developing countries to function more effectively in providing the full range of financial services is a task that will be well rewarded with economic growth. An efficient and stable financial sector is important for economic growth and poverty reduction. The financial crises that have afflicted many countries in recent times have been a costly and painful reminder of the disastrous consequences for development of weak financial markets. Financial stability is crucial for sustained economic growth and cannot be achieved without strong financial systems. Weak financial systems can destabilise local economies, making them more vulnerable to external shocks, and may threaten global financial markets. In practice an efficient financial system can simultaneously lower the cost of external borrowing, raise the returns to savers, and ensure that savings are allocated in priority to projects that promise the highest returns, all of which have the potential for affecting economic growth rates. 1 Holden and Rajapatirana (1995), stress the importance of financial sectors suggesting, that economic growth and, in particular, the development of the private sector cannot occur without a financial system that effectively intermediates between savers and investors. A healthy financial sector allows financial resources to be allocated toward activities with high rates of return; allows efficient intermediation, which implies lower resource costs; and yields better information processing, which allows innovative investments to be identified. 2 Gibson and Tsakalotos (1994) emphasize how crucial the organisation of the financial sector is and add that the financial sector can actively help to promote growth. 3 To understand why the financial system is so crucial to development, it is useful to outline the advantages of financial intermediaries. 4 They suggest that a well-functioning financial system might permit a higher level of saving and investment and, therefore, economic growth. For many years, governments followed a policy of financial repression, which relied on fixing interest rates below market levels and controlling the allocation of credit. The economic distortions induced by these policies were considerable. Financial systems remained under-developed, lending patterns were inefficient and failed to achieve their distributional goals. Negative real interest rates led to low savings and encouraged capital flight. Macro-economic performance also deteriorated countries with large negative real interest rates experienced lower allocative efficiency and growth rates. In the state-owned banking sector, poor lending decisions (often politically influenced) and low repayment rates led to bank insolvency and large budgetary bailouts of depositors and creditors. 5 McKinnon-Show analysis of a financially repressed economy suggests that interest-rate ceilings stifle savings by promoting current consumption, reduce the quantity of investment below its optimal level and reduce the quality of investment by encouraging banks to finance only low-return projects. The clear policy implication is the removal of interest-rate ceilings and more generally other government regulations, which prevent the loan market from operating competitively. A growing awareness of the economic costs of financial repression, led to financial liberalisation as the dominant policy paradigm over the past two decades.

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The English Patient Essay Example | Topics and Well Written Essays - 1750 words

The English Patient - Essay Example He takes fragments and paragraphs cut out of other books and includes them in his novel. There is intertextuality richness in the novel including statutes, myths, christian imagery, desert images and references to portraits. His novel is swollen with different images just like Almasys common place book swollen to twice the original thicknes. The emphasies on the importance of maps is evident in The English Patient. Books, people, faith and art work are all reduced to maps to their skeletal structure. The reduction is a form of econstruction similar to the one of bombs in the novel. For giving the germans the desert maps, Almasy is considered a traitor and his treason justifying the preoccupation of the novel with maps. In the analysis highlighting the importance of maps, the gravity of his crime is evident. As a form of knowledge, maps give power to those who have them. Almasy claims that his map drawing ability motivated the Bedouins to save him. He goes further to explain that â€Å"they kept me alive for a reason. I was useful you see... I am a man who can recognize an unnamed town by its skeletal shape on a map† (Ondaatje, p.18). The Bedouins try making use of Almasy’s vast reservoir of information. For some, he draws maps going beyond their own boundaries and for other tribes explains the mechanic of guns(Ondaatje, p.22). Almasy claims having information like a sea in him and that he knew maps of the sea floor. maps depicting weaknesses in the earths shield, charts painted on skin containing various routes of the crusades. These maps have great destruction power since they depict weaknesses in the earths shield. The weaknesses would be exploited to create a destructive earthquake or to errupt a volcano in the land of the enemy. Heble observes Ondaatje’s based character of Almasy on that of a real person. Almasy’s slippery identity is an analogue to the English patients in the novel. Totosy argues that Almasys fictional position,

Indigenous Studies 301-Assignment#2 Assignment Example | Topics and Well Written Essays - 500 words

Indigenous Studies 301- #2 - Assignment Example One needs to apply through listening skills, observation and first hand experiencing events- taking action. The learning system has its composition that includes learning directly, meditating, and rethinking. Facilitating is a major responsibility of teachers. There is another group of people that contribute by offering guidance and enhancing learning. These are the elders (Osburn-Bigfeather et al, 2004). Exploration of a person’s mind is the onset of practicing native science. There has to be a close connection of the mind and the heart as this facilitates effective learning. Native science perspective tries to explain the complex connection that exists between humans and the surrounding. This must be a healthy relationship in the sense that both have to tolerate each other with the aim of having a good future. The science perspective intends to show the importance of seeking knowledge appropriately so that diversity and humans never collide. The community has a role to play in educating the people on ways to live with harmony and spirituality. This is done through community-based learning whereby the societys beliefs and practices are the strongholds in learning. Thus, individuals are empowered giving the best reasoning they can offer. Through education, people intend to learn more about their culture and of others. However, there is the point whereby culture is ruined through the introduction of modern language. People need to practice their indigenous culture to learn it. By communicating through the native language, the community can understand the essence and importance of their culture. There has to be the presence of consistent terms and legislation at the time when the beliefs and practices of aboriginal ideas in classes. Understanding ones culture requires one to live it. This means that this will bring a clear understanding of people’s current, previous, and future situations. This means that education is a

E-Business Essay Example for Free

E-Business Essay A Brick and Mortar business is a physical store or office usually referred to by people belonging to the online network. It is very important to know that Brick and mortar establishments have several advantages compared to online businesses. They are less likely to disappear overnight, and hence people have more trust and assurance with them. People are more likely to physically meet the businessmen and respond with them in case an issue arises. In case of any problem, the customer would like to meet a senior and responsible individual from the company (such as a manager or the executive) and resolve the issue. However, having a brick and mortar business alone would have several problems. People from other areas (other than the local area) would not be able to access the services of the company. Traveling to the office and doing business could lead to a lot of stress and waste of time and resources. The process of doing an offline business is highly manual. Hence, it would be ideal if the company has both, an online business and a brick and mortar business (to supplement the needs of each forms of business) (Teo, 2003 Osgoodby, 1996). Several travel companies such as Expedia, Hotwire. com and Cheaptickets. com, operated brick and mortar services and soon began to launch their own websites. This was basically done to alter the supply chain (various processes and technologies that existed between the supplier and the customer whilst providing the services were altered in a systemic manner). The web enabled services form the center of all digital activity of the company and could provide cost-effective services. The online services provide the companies with a lot of flexibility in providing their services. The businesses are constantly in strong control over their services. Launching online services would seem to improve the efficiency and would provide a lot of benefits. Web technology provides the company an opportunity to modify the business strategy without spending much in terms of financial resources. The company is in a better position to compete with others. The speed at meeting the demands of the customers was drastically improved by having online services, as business could be conducted in an organized and efficient manner. Customers were in better control to make decisions. Studies have shown that the customer satisfaction levels drastically improved. Besides, the businesses were in better control to manage their operations and logistics. The companies were in a better position to sell their products or services faster to a much more global customer network. The paperwork required to conduct online business was minimal. Companies were also able to showcase their products better through online means (InfoScaler Technologies, 2004).

The effects of lead on childrens brains Essay -- Environment, Toxic M

Once used for varying applications, lead is now known for its toxicity in the human body. Dr. Gary Goldstein, the chief executive of Kennedy Krieger Institute wrote, â€Å"Exposure to excessive amounts of inorganic lead during toddler years may produce lasting adverse effects upon brain function (Goldstein 1990).† Lead poisoning awareness has become increasingly prevalent in the American government, with lead poisoning testing recommended as early as nine to twelve months of age (Health and Human Services 2011). This paper will explain briefly lead’s history and industrial uses, as well as give an in-depth analysis on lead’s exposure to children and how it affects their developing brains. Lead, simply put, is an element found in the earth’s crust. It is slightly soluble in water and is transported mainly through the atmosphere (Harte et al. 1991). The human usage of lead dates back to five- thousand years ago when it was discovered that small quantities of silver could be extracted from lead ore (Harte et al. 1991). The ancient civilizations of Phoenicia, Egypt, Greece, India, and China used lead for vessels, roofs, water ducts, utensils, ornaments, and weights (Harte et al. 1991). Romans used lead acetate as an artificial sweetener in their drinks. Lead acetate, known as sugar of lead, would sweeten a vintage without causing further fermentation, which would have occurred with the addition of sweeteners like honey (Le Courteur and Burreson 2003). The Romans also used lead pipes for plumbing their homes with water. The Latin name for lead is Plumbum (like the word plumbing) hence the symbol Pb on the periodic table (August 1998). Only the rich Romans had access to water in their homes through lead pipes. Lead poisoning from th... ...ead levels are above 45 ÃŽ ¼g/dL (Ginsberg and Toal 2006). In conclusion, lead is a very widespread poison that has been intertwined throughout the history of mankind. To prevent poisoning from this toxic substance, foods should be washed prior to cooking of eating. Hands, particularly those of young children, should be washed before meals (Harte et al. 1991). Flaking lead-based paint needs to be removed by a professional; intact lead paint on buildings should be maintained occasionally by painting over using lead-free coatings. Joggers and cyclists should exercise away from traffic and avoid peak driving hours (Harte et al. 1991). As a nation, strides are being made to lower contact with lead on day to day bases. On the other hand, countries around the world need to learn from history’s mistakes on lead usage; otherwise, they are just going to repeat the past. The effects of lead on children's brains Essay -- Environment, Toxic M Once used for varying applications, lead is now known for its toxicity in the human body. Dr. Gary Goldstein, the chief executive of Kennedy Krieger Institute wrote, â€Å"Exposure to excessive amounts of inorganic lead during toddler years may produce lasting adverse effects upon brain function (Goldstein 1990).† Lead poisoning awareness has become increasingly prevalent in the American government, with lead poisoning testing recommended as early as nine to twelve months of age (Health and Human Services 2011). This paper will explain briefly lead’s history and industrial uses, as well as give an in-depth analysis on lead’s exposure to children and how it affects their developing brains. Lead, simply put, is an element found in the earth’s crust. It is slightly soluble in water and is transported mainly through the atmosphere (Harte et al. 1991). The human usage of lead dates back to five- thousand years ago when it was discovered that small quantities of silver could be extracted from lead ore (Harte et al. 1991). The ancient civilizations of Phoenicia, Egypt, Greece, India, and China used lead for vessels, roofs, water ducts, utensils, ornaments, and weights (Harte et al. 1991). Romans used lead acetate as an artificial sweetener in their drinks. Lead acetate, known as sugar of lead, would sweeten a vintage without causing further fermentation, which would have occurred with the addition of sweeteners like honey (Le Courteur and Burreson 2003). The Romans also used lead pipes for plumbing their homes with water. The Latin name for lead is Plumbum (like the word plumbing) hence the symbol Pb on the periodic table (August 1998). Only the rich Romans had access to water in their homes through lead pipes. Lead poisoning from th... ...ead levels are above 45 ÃŽ ¼g/dL (Ginsberg and Toal 2006). In conclusion, lead is a very widespread poison that has been intertwined throughout the history of mankind. To prevent poisoning from this toxic substance, foods should be washed prior to cooking of eating. Hands, particularly those of young children, should be washed before meals (Harte et al. 1991). Flaking lead-based paint needs to be removed by a professional; intact lead paint on buildings should be maintained occasionally by painting over using lead-free coatings. Joggers and cyclists should exercise away from traffic and avoid peak driving hours (Harte et al. 1991). As a nation, strides are being made to lower contact with lead on day to day bases. On the other hand, countries around the world need to learn from history’s mistakes on lead usage; otherwise, they are just going to repeat the past. The effects of lead on children's brains Essay -- Environment, Toxic M Once used for varying applications, lead is now known for its toxicity in the human body. Dr. Gary Goldstein, the chief executive of Kennedy Krieger Institute wrote, â€Å"Exposure to excessive amounts of inorganic lead during toddler years may produce lasting adverse effects upon brain function (Goldstein 1990).† Lead poisoning awareness has become increasingly prevalent in the American government, with lead poisoning testing recommended as early as nine to twelve months of age (Health and Human Services 2011). This paper will explain briefly lead’s history and industrial uses, as well as give an in-depth analysis on lead’s exposure to children and how it affects their developing brains. Lead, simply put, is an element found in the earth’s crust. It is slightly soluble in water and is transported mainly through the atmosphere (Harte et al. 1991). The human usage of lead dates back to five- thousand years ago when it was discovered that small quantities of silver could be extracted from lead ore (Harte et al. 1991). The ancient civilizations of Phoenicia, Egypt, Greece, India, and China used lead for vessels, roofs, water ducts, utensils, ornaments, and weights (Harte et al. 1991). Romans used lead acetate as an artificial sweetener in their drinks. Lead acetate, known as sugar of lead, would sweeten a vintage without causing further fermentation, which would have occurred with the addition of sweeteners like honey (Le Courteur and Burreson 2003). The Romans also used lead pipes for plumbing their homes with water. The Latin name for lead is Plumbum (like the word plumbing) hence the symbol Pb on the periodic table (August 1998). Only the rich Romans had access to water in their homes through lead pipes. Lead poisoning from th... ...ead levels are above 45 ÃŽ ¼g/dL (Ginsberg and Toal 2006). In conclusion, lead is a very widespread poison that has been intertwined throughout the history of mankind. To prevent poisoning from this toxic substance, foods should be washed prior to cooking of eating. Hands, particularly those of young children, should be washed before meals (Harte et al. 1991). Flaking lead-based paint needs to be removed by a professional; intact lead paint on buildings should be maintained occasionally by painting over using lead-free coatings. Joggers and cyclists should exercise away from traffic and avoid peak driving hours (Harte et al. 1991). As a nation, strides are being made to lower contact with lead on day to day bases. On the other hand, countries around the world need to learn from history’s mistakes on lead usage; otherwise, they are just going to repeat the past.

Applying Ethical Theories Essay

Summary Plagiarism in today’s â€Å"copy and paste generation† is an unremitting, complex issue that is not yet fully understood. The paper responds to this proposition with a thesis that understanding the ethical reasoning provided by students in defending plagiarism is crucial in preventing it in student populations. The reasons can provide the basis for specific action-orientated recommendations to reduce plagiarism and to design programs to encourage originality and academic honesty within the relevant educational institutions. Moreover, the authors explain that this study has broader implications, given the link between educational plagiarism and the organisation and profitability of businesses. The paper develops an ethical framework to analyse the reasons that students use when defending their plagiarism. This framework is based on previous research into the ethical reasoning of students in different contexts. The authors explain and apply six ethical theories in the paper: Deontology, Utilitarianism, Rational self-interest, Machiavellianism, Cultural relativism and Situational ethics. The paper uses content analysis methodology to implement the ethical framework described above. Consequently, the research evaluates the recorded content found in the confidential files of students found to have plagiarised work at a US university. This includes the formal process by which the students were charged with plagiarism and how they defended their actions. To ensure the research was not biased two judges were used to evaluate the reasoning. To ensure a sufficient level of inter-rater reliability, the judges evaluated 20 identical ads before being given the cases used in the study. Their results show students used all 6 ethical theories, deontology being the most common with 41.8% of using this reasoning. Variables such as â€Å"Sex, Ethnicity and GPA† had no effect on the student’s ethical reasoning. Students who used the Internet to plagiarize were more likely to resort to Situational ethics and Utilitarianism. The  paper concludes by listing a series of recommendations for each ethical theory on how to instil ethical behaviour and help prevent cases of plagiarism. Critical Analysis of the paper’s purpose Plagiarism and the internet Granitz and Lowey describe a new ‘plagiarism epidemic’ in the paper subject to review. The analysis that they present, that plagiarism is increasing due to the ease of which information can be lifted from the internet, is justified by previous academic research. The Internet provides as huge source of information which is easily available to students for use in academic papers (Weinstein & Dobkin, 2002.) Moreover, the way that information is presented and is accessible on the Internet has made plagiarism easier (Klein, 2011). Students have the opportunity to copy and compile information from a variety of sources with speed, particularly when compared with ‘old-style’ plagiarism using hard copy sources. However, since the publication of the paper in 2006, it could be argued that many professors have become more ‘tech savvy’, particularly with the development of technology in electronic detection tools (Klein, 2011.) Consequently, it is less easy to sustain the argument that transgression may present an ‘irresistible challenge’ to students, as technology improves and if teachers in academic institutions become more technologically adept. Applying ethical reasoning to plagiarism After a historical analysis of the development of the concept of plagiarism, the paper moves on to conclude that our modern perception of plagiarism is that it is ‘morally reprehensible’. I would critique this approach using the analysis of Morality and Ethics put forward by Klein in 2011. Granitz and Lowey do not appear to consider the extent to which the moral and ethical approach of students in academic institutions may differ from the general modern perception of plagiarism that they describe. Klein describes the research which suggests that there is ambiguity on what is perceived as plagiarism among learners. Quoting Weiss & Bader (2003), ‘ [a]n example of an area of ambiguity might include peer collaboration and knowing to what extent the collaboration is considered inappropriate’. Consequently, I would argue that the paper does not fully consider the extent to which the ethical  problems posed by plagiarism may be problematic because they are non-traditional and that they may not fit easily into existing and well used categorisation systems (Clegg et al., 2007). Instead, the paper seeks to apply ethical philosophies taken from different ethical contexts (albeit ideas used by students) and it maintains the general proposition that plagiarism is considered as morally wrong, without analysing this specifically in relation to students and academic institutions. Content analysis as a research methodology The paper applies a content analysis to review student files which record the formal process by which students in a large US West Coast university were ‘charged’ with plagiarism and defended themselves. The article recognises the fact that students may disguise their true reasoning whilst providing the reasoning, but concludes that ‘they are still exposing the logic that they use to defend plagiarism – and being able to counter that logic is valuable for the faculty. This problems has been considered in the business context, in which ‘virtually every empirical inquiry of issues relevant to applied business ethics involves the asking of questions that are sensitive, embarrassing, threatening, stigmatizing, or incriminating† (Dalton and Metzger, 1992, p. 207). Furthermore, since the early 1950s researchers in organizational sciences have expressed concern that the â€Å"tendency of individuals to deny socially undesirable traits and to admit to socially desirable ones† may impair empirical studies based on questionnaires which require respondents to report on their own behaviour or attitudes (Randall and Fernandes, 1991, p. 805) Recommendations The paper outlines a basis of recommendations based on the results achieved by the content analysis. Given the above critique of the content analysis, and the limit that the context of asking sensitive or incriminating questions in a business, and I would suggest academic, context, one could critique the assumption put forward in the paper that the recommendations for each ethical theory will achieve the effect of reducing plagiarism in institutions and provide a basis for the implementation of clear academic policies. Moreover, expanding on what I have suggested above, given the critique forwarded by Weiss and Bader (2003), it could be argues that poor  public perception of plagiarism in academic institutions may make any changes difficult to implement. I would argue that a more useful critique would be to consider the reasons offered by students in a non-confrontational and stigmatizing context, which could be used to understand the specific ethical context of plagiarism and to p roduce more specific recommendations. References Clegg, Kornberger and Rhodes: 2007 ‘Business Ethics as Practice’: British Journal of Management 18: 107-122 Dalton, D. R. and M. B. Metzger: 1992, ‘Integrity Testing’ for Personnel Selection: An Unsparing Perspective’, Journal of Business Ethics Kaptein M and Schwartz S: 2008 ‘The Effectiveness of Business Codes: A Critical Examination of Existing Studies and the Development of an Integrated Research Model’, Journal of Business 77: 111-127 Klein D: 2011 ‘ Why Learners Choose Plagiarism: A Review of Literature’, Interdisciplinary Journal of E-Learning and Learning Objects 7 Randall, D., Fernandes, M. F. (1991): The Social Desirability Response Bias in Ethics Research. Journal ofBusiness Ethics Robertson, D.C. (1993). Empiricism in Business Ethics: Suggested Research Directions. Trevino, Linda K., ‘Ethical Decision Making in Organizations: A Person-Situation Interaction Model’, Academy of Management Review, 11(3), 1986, pp.601-617. Weinstein and Dobkin: 2002 ‘Plagiarism in U.S. Higher Education: Estimating Internet Plagiarism Rates and Testing a Means of Deterrence’, USA: Committee for the Protection of Human Subjects, University of California, Berkeley, USA. Weiss, D. H., & Bader, J. B. (2003) Undergraduate ethics at Homewood. Standler, R. B. (2000). Plagiarism in colleges in USA

Economy of the Philippines Essay

The Economy of the Philippines is the 43rd largest in the world, according to 2011 World Bank statistics and it is also one of the emerging markets in the world.[24] According to the CIA Factbook, the estimated 2011 GDP (purchasing power parity) was 391.1 billion.[5] Goldman Sachs estimates that by the year 2050, it will be the 14th largest economy in the world, Goldman Sachs also included the Philippines in its list of the Next Eleven economies. HSBC projects the Philippine economy to become the 16th largest economy in the world, 5th largest economy in Asia and the largest economy in the South East Asian region by 2050.[25] Primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits. Major trading partners include the United States, Japan, China, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan, and Thailand. As a newly industrialized country, the Philippine economy has been transitioning from one based on agriculture to one based more on services and manufacturing. The Philippines is one of the Tiger Cub Economies in Southeast Asia together with Indonesia, Malaysia and Thailand. Contents| Macroeconomic trends See also: Economy of Asia, Economic history of the Philippines (1973–1986), Post-EDSA macroeconomic history of the Philippines, and Economic Crisis and Response in the Philippines The Philippine economy has been growing steadily over decades and the International Monetary Fund in 2011 reported it as the 45th largest economy in the world. However its growth has been behind that of many of its Asian neighbors, the so-called Asian Tigers, nor is it a part of the Group of 20 nations. Instead it is often grouped in a second tier of emerging markets or of newly industrialized countries. Depending upon the analyst, this second tier can go by the name the Next Eleven or the Tiger Cub Economies. It has not suffered from the downturn in the world economy that began in 2007. A chart of selected statistics showing trends in the gross domestic product of the Philippines using data taken from the International Monetary Fund. Composition by sector As a newly industrialized country, the Philippines is still an economy with a large agricultural sector; however, services have come to dominate the economy.[citation needed] Much of the industrial sector is based on processing and assembly operations in the manufacturing of electronics and other high-tech components, usually from foreign multinational corporations. Filipinos who go aboard to work–-known as Overseas Filipino Workers or OFWs—are a significant contributor to the economy but are not reflected in the below sectoral discussion of the domestic economy. [edit] Agriculture The agriculture sector makes up 12% of the GDP and employs 33% of the workforce. The type of activity ranges from small subsistence farming and fishing to large commercial ventures with significant export focus, such as major multinational corporations like Dole Food Company and Del Monte Foods. The Philippines is the world’s largest producer of coconuts producing 19,500,000 tonnes in 2009. Coconut production in the Philippines is generally concentrated in medium-sized farms.[30] By 1995, the production of coconut in the Philippines had experienced a 6.5% annual growth and later surpassed Indonesia in total output in the world.[31] The Philippines is also the world’s largest producer of pineapples, with 2,198 thousand metric tons.[32] Rice Production in the Philippines is important to the food supply in the country and economy. The country is the 8th largest rice producer in the world, accounting for 2.8% of global rice production.[33] However, the country is also the w orld’s largest rice importer in 2010.[34] Rice is the most important food crop, a staple food in most of the country. It is produced extensively in Luzon, the Western Visayas, Southern Mindanao, and Central Mindanao. Shipbuilding and repair The Philippines is a major player in the global shipbuilding industry with shipyards in Subic, Cebu, General Santos City and Batangas.[35][36] It became the fourth largest shipbuilding nation in 2010.[37][38] Subic-made cargo vessels are now exported to countries where shipping operators are based. South Korea’s Hanjin started production in Subic in 2007 of the 20 ships ordered by German and Greek shipping operators.[39] The country’s shipyards are now building ships like bulk carriers, container ships and big passenger ferries. General Santos’ shipyard is mainly for ship repair and maintenance.[40] Being surrounded by waters, the country has abundant natural deep-sea ports ideal for development as production, construction and repair sites. On top of the current operating shipyards, two additional shipyards in Misamis Oriental and Cagayan province are being expanded to support future locators. It has a vast manpower pool of 60,000 certified welders that comprise the bulk of workers in shipbuilding. In the ship repair sector, the Navotas complex in Metro Manila is expected to accommodate 96 vessels for repair.[41] Â  Automotive The ABS used in Mercedes-Benz, BMW, and Volvo cars are made in the Philippines. Ford,[42] Toyota,[43] Mitsubishi, Nissan and Honda are the most prominent automakers manufacturing cars in the country.[citation needed] Kia and Suzuki produce small cars in the country. Isuzu also produces SUVs in the country. Honda and Suzuki produce motorcycles in the country. A 2003 Canadian market research report predicted that further investments in this sector were expected to grow in the following years. Toyota sells the most vehicles in the country.[44] By 2011, China’s Chery Automobile company is going to build their assembly plant in Laguna, that will serve and export cars to other countries in the region if monthly sales would reach 1,000 units.[45] Â  Aerospace Aerospace products in the Philippines are mainly for the export market and include manufacturing parts for aircraft built by both Boeing and Airbus. British company MOOG, is the biggest aerospace manufacturer with base in Baguio in the Cordillera region. The company produces aircraft actuators in their manufacturing facility. Another British company British Aerospace is to open manufacturing facility in southern Philippines for the manufacture of galleys used in aircraft cabin.[46] In 2011, the total export output of aerospace products in the Philippines reached US $3 billion.[47] Electronics Intel has been in the Philippines for 28 years as a major producer of products, including the Pentium 4 processor. A Texas Instruments plant in Baguio has been operating for 20 years and is the largest producer of DSP chips in the world.[48] Texas Instruments’ Baguio plant produces all the chips used in Nokia cell phones and 80% of chips used in Ericsson cell phones in the world.[49] Until 2005, Toshiba laptops were produced in Santa Rosa, Laguna. Presently the Philippine plant’s focus is in the production of hard disk drives. Printer manufacturer Lexmark has a factory in Mactan in the Cebu region. Â  Mining and extraction The country is rich with mineral and geothermal energy resources. In 2003, it produced 1931 MW of electricity from geothermal sources (27% of total electricity production), second only to the United States,[50] and a recent discovery of natural gas reserves in the Malampaya oil fields off the island of Palawan is already being used to generate electricity in three gas-powered plants. Philippine gold, nickel, copper and chromite deposits are among the largest in the world. Other important minerals include silver, coal, gypsum, and sulphur. Significant deposits of clay, limestone, marble, silica, and phosphate exist. About 60% of total mining production are accounted for by non-metallic minerals, which contributed substantially to the industry’s steady output growth between 1993 and 1998, with the value of production growing 58%. In 1999, however, mineral production declined 16% to $793 million.[citation needed] Mineral exports have generally slowed since 1996. Led by copper cathodes, Philippine mineral exports amounted to $650 million in 2000, barely up from 1999 levels. Low metal prices, high production costs, lack of investment in infrastructure, and a challenge to the new mining law have contributed to the mining industry’s overall decline.[citation needed] The industry rebounded starting in late 2004 when the Supreme Court upheld the constitutionality of an important law permitting foreign ownership of Philippines mining companies.[citation needed] However, the DENR has yet to approve the revised Department Administrative Order (DAO) that will provide the Implementing Rules and Regulations of the Financial and Technical Assistance Agreement (FTAA), the specific part of the 1994 Mining Act that allows 100% foreign ownership of Philippines mines.[citation needed] Offshoring and outsourcing According to an IBM Global Location Trends Annual Report, as of December 2010[update] the Philippines has surpassed India as the world leader in business process outsourcing.[51][52] The majority of the top ten BPO firms of the United States operate in the Philippines.[citation needed] Total jobs in the industry grew to 100,000 and total revenues were placed at $960 million for 2005. In 2012, BPO sector employment ballooned to over 700,000 people and is contributing to a growing middle class. BPO facilities are located mainly in Metro Manila and Cebu City although other regional areas such as Baguio, Bacolod, Cagayan de Oro, Clark Freeport Zone, Dagupan, Davao City, Legazpi, Dumaguete, Lipa, Iloilo City, and CamSur are now being promoted and developed for BPO operations. Call centers began in the Philippines as plain providers of email response and managing services and is now a major source of employment. Call center services include customer relations, ranging from travel services, technical support, education, customer care, financial services, online business to customer support, and online business to business support. Business process outsourcing (BPO) is regarded as one of the fastest growing industries in the world. The Philippines is also considered as location of choice due to its less expensive operational and labor costs and high proficiency in spoken English and highly educated labor pool. In 2011, the business process outsourcing industry in the Philippines generated 700 thousand jobs[53] and some US$11 billion in revenue,[54] 24 percent higher than 2010. By 2016, the industry is projected to reach US$27.4 billion in revenue with employment generation to almost double at 1.3 million workers.[55]

Research Essay Essay Example

Research Essay Essay Example Research Essay Essay Research Essay Essay Essay Topic: The Glass Menagerie â€Å"Reading is neither neutral, nor natural. † How does your context as a reader influence your reading of The Dreamers? Reading is neither neutral, nor natural. Readers are constantly positioned to make their own ideas and opinions of different texts based on their own understand and connecting of their personal context. In Jack Davis’ The Dreamers the descriptions of the tribal family in the first scene provide a strong, central reading that while I would accept, the earlier generations from those times would challenge the mutual reading of the harmonious tribal family. The different generations of past and present times would also have many contrasting views on particular characters such as Worru. Additionally, the study of past texts, such as The Glass Menagerie by Tennessee Williams and Coonardoo by Katherine Suzanne Prichard, allows me to comprehend the meaning behind the symbol of alcohol in The Dreamers and how it is a representation of escapism for people in degrading ways of society. In the beginning of The Dreamers by Jack Davis, we are described a scene of a tribal family walking, relaxed, across an escarpment with children happily singing songs of cultural meaning, relaying their innocence and happy family-based futures: â€Å"Dawn. We hear the distant echoing of children singing a tribal song. A tribal family walks slowly across the escarpment silhouetted against the first light of dawn. The central, prominent reading brought forward by Davis’ descriptions and symbolism of the melodious, peaceful tribal family is one I accept because of Davis’ way of showing the harmonious nature of the aboriginal culture and way in their environment, in the world they know. However, the white generations of the 1980s would contrast and challenge this communal reading because of their own racial attitudes and beliefs of Aboriginals. To the whites of the 1980s, Aboriginals were filthy and worthless individuals and therefore the white society audiences were unable to cope with and respect the cultural identity and way of life of Aboriginals. These confrontational views of The Dreamers show how reading is not neutral. Every generation is different, therefore they all respond to particular readings inversely due to their own personal context. This reinforces that reading is not neutral. Worru is a character in The Dreamers who is exceedingly diverse from the members of his family. Worru is the representation of Davis’ views of his own complicated culture and aboriginal context. Worru is desperately trying to hold onto his Nyoongah (aboriginal) culture that within him has ‘survived civilisation’ through reminiscing about life before white settlement and his language: â€Å"I walked down the track to where the camp place used to be and voices, laughing, singing, came surging back to me. In Act One Scene One, Worru sings of his past, something that is all but real now that he is going through a lost as a result of living in a suburbia-dominated world. Through the study of Coonardoo by Katherine Suzanne Prichard, I am able to see that the aboriginal generational views would be ones of sympathy and empathetic understanding, as aboriginals would be able to relate heavily with Worru, knowing just how much they lost because of the dramatic change in the way they wanted to live. On the contrary, a white audience of the same era wouldn’t be able to understand how aboriginals couldn’t adapt to such a â€Å"easy† lifestyle, and be unable to connect to the Aboriginal background and estrangement of their race. Readers who have read more texts than most are able to see and understand how changed contexts but parallel themes are cooperative in identifying symbols. Through my reading The Glass Menagerie by Tennessee Williams and The Dreamers has allowed me to understand the symbol of alcohol and its meaning of escapism in both plays respectively. Tom Wingfield from The Glass Menagerie drinks constantly, trying to escape the horrors of the Great Depression in America. He drinks to forget his issues and withdraw from a pitiful reality. This reading allows me to understand the reasoning behind why, in The Dreamers, Worru, Peter, Eli and Roy all drink constantly – using money needed for food and other essentials: â€Å"The full bottle is now nearly empty. The heat and the alcohol are taking their toll. † The characters drink alcohol to also escape from the cultural oppression of white society and the failing ways of aboriginal life. They see alcohol as the only way to forget what has been done to them, as it is an influential depressant, and using it to disengage from a reality that would see the complete deprivation of the aboriginal way – a way they cherish. An informed reading is not something that just comes naturally, it must be taught and learnt over the reading of numerous texts, therefore reading is not natural. In Conclusion, readings are mostly advanced through a readers own individual context and experiences. My interpretations on a tribal aboriginal family were analogized by the white generations of the 1980s view on aboriginals, establishing that reading is not neutral. The diverse generational views formed unlike perspectives on who would sympathise with the hostility of the aboriginal race, my own background through the study of the other texts Coonardoo, The Dreamers and The Glass Menagerie has given me a purer understanding of how alcohol embodies escapism for people in contemporary society. All these factors have established my view that reading is neither neutral, nor natural.

St. Olaf College Admissions and Acceptance Rate

St. Olaf College Admissions and Acceptance Rate Students interested in attending St. Olaf College will need to submit an application (the school accepts the Common Application), SAT or ACT scores, official high school transcripts, a letter of recommendation, and a personal essay. The school is fairly selective; it has a low acceptance rate of 45  percent, and successful applicants will generally need above-average grades and standardized test scores. For more information about applying, be sure to visit the schools website, or contact the admissions office for assistance. Calculate your chances of getting in with this free tool from Cappex. Admissions Data (2016) St. Olaf College Acceptance Rate: 45  percentSAT, ACT and GPA graph for St. OlafTest Scores : 25th / 75th PercentileSAT Critical Reading: 550 / 700SAT Math: 570 / 700What these SAT numbers meanTop Minnesota colleges SAT score comparisonACT Composite: 26 / 31ACT English: 26  / 33ACT Math: 25  / 30What these ACT numbers meanTop Minnesota colleges ACT score comparison St. Olaf College Description St. Olaf College shares its small hometown of Northfield, Minnesota with rival  Carlton College. St. Olaf prides itself on its excellent programs in music, mathematics, and the natural sciences. Environmental sustainability is a top priority for the school. Like most private colleges, St. Olaf isnt cheap, but the school managed to provide a substantial financial aid package to students who demonstrated need. The college was featured in Lauren Popes Colleges That Change Lives. St. Olaf is affiliated with the Evangelical Lutheran Church in America. Enrollment (2016) Total Enrollment: 3,040  (all undergraduate)Gender Breakdown: 44% Male / 56% Female98% Full-time Costs (2016-17) Tuition and Fees: $44,180Books: $1,000 (why so much?)Room and Board: $10,080Other Expenses: $900Total Cost: $56,160 St. Olaf College Financial Aid (2015- 16) Percentage of New Students Receiving Aid: 94  percentPercentage of New Students Receiving Types of AidGrants: 92 percentLoans: 51  percentAverage Amount of AidGrants: $27,346Loans: $6,944 Academic Programs Most Popular Majors:  Biology, Chemistry, Economics, English, History, Math, Music, Political Science, Psychology, ReligionWhat major is right for you?  Sign up to take the free My Careers and Majors Quiz at Cappex. Retention and Graduation Rates First Year Student Retention (full-time students): 92  percent4-Year Graduation Rate: 85  percent6-Year Graduation Rate: 88  percent Intercollegiate Athletic Programs Mens Sports:  Skiing, Baseball, Football, Golf, Cross Country, Soccer, Tennis, SwimmingWomens Sports:  Tennis, Softball, Track and Field, Skiing, Basketball, Cross Country, Golf More Minnesota Colleges - Information and Admissions Data Augsburg  | Bethel  | Carleton  | Concordia  College  Moorhead  | Concordia  University  Saint  Paul  | Crown  | Gustavus  Adolphus  | Hamline  | Macalester  | Minnesota  State  Mankato  | North  Central  | Northwestern  College  | Saint  Benedict  | St.  Catherine  | Saint  Johns  | Saint  Marys  | St.  Olaf  | St.  Scholastica  | St.  Thomas  | UM  Crookston  | UM  Duluth  | UM  Morris  | UM  Twin  Cities  | Winona  State St. Olaf College Mission Statement: The complete mission statement can be found at   stolaf.edu/about/mission.html St. Olaf, a four-year college of the Evangelical Lutheran Church in America, provides an education committed to the liberal arts, rooted in the Christian Gospel, and incorporating a global perspective. In the conviction that life is more than a livelihood, it focuses on what is ultimately worthwhile and fosters the development of the whole person in mind, body, and spirit. Now in its second century, St. Olaf College remains dedicated to the high standards set by its Norwegian immigrant founders. In the spirit of free inquiry and free expression, it offers a distinctive environment that integrates teaching, scholarship, creative activity, and opportunities for encounter with the Christian Gospel and Gods call to faith. The college intends that its graduates combine academic excellence and theological literacy with a commitment to lifelong learning. Data Source: National Center for Educational Statistics

Examples of two problems in the healthcare field that have Essay

Examples of two problems in the healthcare field that have mathematical solutions - Essay Example For example, Young’s Rule is commonly used to determine child’s dose. The formula for Young’s Rule is as follows: Rationale for the use of Young’s Rule to determine dosage for children is that there is a lot of variation in the size, weight, and tolerance level of the children. There needs to be a formula that can standardize the determination of dosage for children regardless of these factors. Young’s Rule is particularly used when the dosage has not been recommended for the children by the manufacturer. Using Young’s Rule, dosage for a child can be determined just by using his/her age as the information. For example, if 500mg of a tablet is prescribed for an adult per day, then to find the dose for a child 10 years of age, the process would be as follows: Doctors and nurses operating in the health care industry have to deal with a lot of complicated cases quite often. New procedures and operations are being realized for the treatment and cure of diseases that have so far been considered incurable. Rapid advancement in the field of science and technology has provided answers for many unsolved questions. However, it is not easy to convince a patient that needs a surgery to undergo it. This is where statistics plays its role. Doctors gain confidence of the patients by referring to past patients that have undergone the surgeries successfully. Let’s suppose an older adult needs to have a polyp in the vocal cord surgically removed. He is double-minded on whether or not to undergo the surgery because he may not survive anesthesia as he also happens to be a patient of diabetes, asthma, and few other health complications. Mathematical solution for an old patient that wants to know what are the chances of survival after being given surgery under general anesthesia is providing him with the statistics mentioning the survival rate for patients of the same age in the past. The rationale for providing the patient with the statistics is that it