Chapter emerging market Free Essays

string(43) " return they will get from the investment\." Among the most significant risks are political volatility, economic policy volatility and also legal risks. Firms entering emerging markets must understand the risks and take necessary action to mitigate the effect of those particular risks. 3. We will write a custom essay sample on Chapter emerging market or any similar topic only for you Order Now 2 political volatility Despite the demonstration and free market orientation process among emerging market countries, some of them particularly the one that just achieved independence, is having an election, or governs by corrupt individual or political party are susceptible to political risks. Multinational companies that invest In this little country are exposed to risks such as military coups, civil war, mass labor strikes, violence street protest, or erratic changes In government policy and Industry regulations that pose a threat to foreign Investment. Among the political risks associated with emerging markets are: Although the barrier to trade in most emerging markets have fall, and most of these countries are now enjoying greater stability and experiencing steady growth, these emerging markets remain vulnerable to political risks that usually started inside the country itself and was largely beyond the control of investors. Extreme nationalism and religious fundamentalism as evidence in countries like Indonesia, Pakistan and India further contribute to the problem. Different in ideology and oppression from the current government also contributes to political volatility. Russia for example is still having an uncertain future direction as politics is unpredictable due to ongoing power struggles between reformers and the old-line communists. If the political clout could not be solved peacefully, then there is a potential for a civil war. Sir Lang is an example of a country that has been experiencing a civil war. There is a power tussle between the two ethnic groups, the Ginghams that currently forms the government of the country and the Tamil. Tamil guerrillas are fighting for and independent Tamil state. There has been an intense fighting since 1994 with more than 70,000 people have been killed in the war. 3. 2. 1 Corruption and cronyism Another serious issue associated with emerging markets is corruption and cronyism. Corruption refers to dishonest or fraudulent conduct by those in power, typically involving bribery or the abuse of a position of trust for dishonest gain. Most emerging markets in fact are always associated with corruption. Brazil for example suffers lost of unbelievable USED 60 billion to corruption and fraud in connection with government and social programs between the periods of 1990 to 1994 [1]. Even Malaysia is having the same problem as reported by the Auditor General on the issue of very serious leakages in government agencies expenditure. Second Finance Minister has made a media statement dated October 26, 2009 that the government billions of dollars lost due to leakages that involved in purchasing and procurement t the extreme pricing and do not meet the specifications and standards. Local newspaper, The STAR on October 26, 2009 also reported that this leakage resulted in losses between ARM 14-28 billion over a period of one year. Cronyism refers to the appointment of relatives and friends to positions of authority, without proper regard to their qualifications or an individual who was able to exploit connections with the government or private officers to gain wealth and economic position. In Philippine, cronies controlled key sectors, including the sugar and coconut industries and media, ND got state loans, lucrative contracts and concessions under the 31 -year-rule of Ferdinand Marco’s who was ousted in 1986. In Thailand, Thai politicians depend heavily on business support during election. Patronage politics, particularly in the countryside, boosts both political spending and the cronyism mentality of asking favors from the powerful. The prostitution and drugs trade has also corrupted many officials and police force of the country [2]. 3. 2. Fight against drug cartel Another problem that has an impact on political aspect of emerging countries fight against drug cartel. In recent years, the Mexico drug cartels have waged increasingly violent battles with one another as well as with the Mexican government. Upon taking office in December 2006, Mexican President Feline Cauldron deployed thousands of federal troops in an aggressive crackdown on drug-related violenc e. Yet death tolls continue to rise. There were more than 2,500 drug-related deaths in 2007, and the yearly toll rose to more than 4,000 by the end of 2008. Murders and street gun battles are only part of a more entrenched problem that includes corrupt police forces and a lackluster Judiciary [3]. 3. 2. Territorial claim and possible war In some region, there is a tense relationship between emerging countries with its neighboring country due to multiple territorial claims among countries. If a peaceful solution could not be reached through peaceful negotiations, there will be potential for war between these nations. This is evidence at the Sprat’s Islands at South China Sea. The area consists of more than 100 small islands or reefs, surrounded by rich fishing area and potentially by gas and oil deposits. They are claimed in their entirety by China, Taiwan, and Vietnam, while portions are claimed by Malaysia and the Philippines. About 45 islands are occupied by relatively small numbers of military forces from China, Malaysia, the Philippines, Taiwan, and Vietnam. Brunet has established a fishing zone that overlaps a southern reef but has not made any formal claim. In June 2011, the tense situation in Sprat’s Islands amplify as the Philippines complains that Chinese ships offloaded building materials and erected marker posts on reefs to the west of its island of Palatal, within Manila’s exclusive economic zone. Political volatility is hard to quantify due to broad characteristics of each emerging markets. What the managers could do is to anticipate upcoming changes in the political aspect of the nation and formulate timely, successful strategies in the face of sudden changes and uncertainty. This is critical because political situation will have a direct impact on investment, decision-making, and corporate performance. Every market has it risks so businesses need to ensure that the risk worth the return they will get from the investment. You read "Chapter emerging market" in category "Papers" 3. 2. 5 Social Unrest The current people uprising in emerging market countries of the Middle East such as Egypt, Jordan and Bahrain cause a growing concerns among investors who has already invest or thinking of investing into emerging markets. One of the factors that increase the possibility of social unrest is an increase in food and fuel price due to depleted resources and inflation. The high price of food is thought to have been one of the catalysts of the unrest in Tunisia, which led to the ousting of Zing al-Abiding Ben Ala as president in January 2011. Other reason that makes people revolt includes corrupt leader and government, change in tax, economic and fiscal policy that affect daily life, UN-fair election, high unemployment etc. Figure 2 shows the level of lattice and social risk of every country, based on a report produced by the Royal bank of Canada in 2011. Among the emerging market countries, China, Egypt, Indonesia and Saudi Arabia is listed as high risk countries, together with Colombia. India, Russia, South Africa, Jordan and Turkey are among the medium risk countries while Mexico, Bahrain and Thailand are considered as moderate. Other emerging countries with low political and social risks according to this report. 3. 3 Economic volatility The second major risks associated with emerging markets are the level of economic volatility. Economic growth may be high, but crises are frequent, as the Asian crisis of 1997 demonstrated. Emerging countries’ economies are highly volatile due to frequent changes in institutions, industry structure and the macro-economy. Both the political and economy actually have a huge impact on one another, and firms can anticipate risks in the future if any of them become volatile. Among the element that brought economic volatility includes currency risks, expropriation risks, and foreign debt crisis. 3. 3. Currency risks Although there is an increasing trend towards liberation’s of international payment ND transfers, there is still a concern among businesses that there could be a change in policy. Even emerging market countries have the tendency to influence the exchange rates. In some cases, the government will try to peg it’s currency to a single currency such as a US dollar to stop aggressive drop in the country’s currency value especially during financial crisis. Figure 2 shows how the exchange rate of Asian countries dropped significantly during the Asian financial crisis. The Koala Lump Stock Exchange (KEELS) had lost more than 50% from above 1,200 to fewer than 600, and the ringing had lost 50% of TTS value, falling from above 2. 50 to under 4. 57 on Can 23, 1998) to the dollar. The then premier, Tune Dry. Mathis Mohammad imposed strict capital controls and introduced a 3. 80 peg of Malaysian ringing against the US dollar. 3. 3. 2 Expropriation risk One of the economic policy related concern among the investors was â€Å"expropriation risk†, which refers to the possibility that host governments would seize all foreign- owned assets. This risk however has largely disappeared. Stronger international law and the symbiotic nature of growth in emerging and developed economies reduced set seizures to nearly zero during the sass. A 2009 survey by the Multilateral Investment Guarantee Agency and the Economist Intelligence Unit found that multinational enterprises considered breach of contract, restrictions on the transfer and convertibility of profits, civil disturbance, government failure to honor guarantees, and regulatory restrictions all to be more significant risks than the potential seizure of assets [4]. Emerging market countries policy of attracting foreign investment into their country foreign investors should be wary of any change in political and economic situation, gather with regulatory uncertainty can make the expropriation action possible. Even in the communist country like China, the government has never confiscate any foreign assets since 1978 when the country officially launched its so-called ‘open door’ policy, unless the asset in question specifically compromises China’s national security. 3. 3. Foreign debt crisis Foreign debt crisis is external debt incurred by governments of emerging markets generally in quantities beyond the governments’ political ability to repay. â€Å"Unplayable debt† is a term used to describe external debt when the interest on the debt exceeds hat the country’s politicians think they can collect from taxpayers, based on the nation’s gross domestic product, thus preventing the debt from ever being r epaid [5]. Emerging market countries have traditionally borrowed from the developed nations to support their economies. In the sass such borrowing became quite heavy among certain developing countries, and their external debt expanded at a very rapid, unsustainable rate. The result was an international financial crisis. Most of the time, government with high level of debt will have to re-vamp its financial policy to accommodate debt payment. Countries such as Mexico and Brazil declared that they could not keep up with the schedule of interest and principal payments, causing severe reactions in the financial world. Cooperating with creditor nations and the MIFF, these countries were able to reschedule their debts and delay payments to remove financial pressure. But the underlying problem is not really solved as developing countries were saddled with staggering debts that totaled more than $800 billion in the mid-sass. The large debts created huge problems for the developing countries and for the banks that faced the risk of substantial losses on heir loan portfolios. Such debts increased the difficulty of finding funds to finance development. In addition, the need to acquire foreign currencies to service the debt contributed to a rapid depreciation of the currencies and to rapid inflation in Mexico, Brazil, and a number of other developing nations. Even emerging market in Asia such as Malaysia, Philippines, Indonesia, Pakistan, India etc. As shown in Figure 4, also facing a serious problem with foreign debt. The wide fluctuations in the price of oil were one of the factors contributing to the debt problem. When the price of oil SSE rapidly in the sass, most countries felt unable to reduce their oil consumption quickly. In order to pay for expensive oil imports, many went deeply into debt. They borrowed to finance current consumption?something that could not go on indefinitely. As a major oil importer, Brazil was one of the nations adversely affected by rising oil prices [6]. Figure 3. : Foreign debt among Asian countries 3. 4 Legal risks The possibility of investing in emerging markets by Macs will increase if the legal system in the country is reliable and always give fair decisions. Contract will only be void. In sass, many South East Asian governments in their effort to attract foreign investors offered contracts that protect investors from risks related to lower than expected demand, currency conversions, exchange rate and political force measure. The Asian financial crisis in 1997 brought those investors’ favorable treatment into sharp relief as currency values, share prices, and electricity demand all plummeted. Political officials had to choose between honoring the contracts, at the risk of compromising their own popular support, and renegotiating them in order to maintain that support. In the end, many career minded public officials in Southeast Asia chose to renegotiate or cancel scores of contracts. Even when contracts can be legally enforced, experience shows that inventive politicians can circumvent them, through a wide variety of means other than changing laws [4]. Another example is when foreign investors involved in oil and gas industries in countries such as Transmitted, Gyrations and Astrakhan, which is a newly independent countries of a former USSR regime. Even though the contract seems to put them on favorable terms, the possibility that firms will face a breach of contract ND other regulatory problems is high. Another legal issue that always arises is when some emerging market countries have laws that limit the amount of profit firms can take out of the country, which means that company might make a huge amount of profit by doing business in the country but may be prohibited from taking the whole profit back to the home country. 3. Minimizing the risks There are many options available for companies in Minimizing the risks when investing in emerging markets. They are: 3. 3. 1 Thorough political and economic risk analysis Multinational firms should carefully evaluate the emerging market country’s political ND economic risks before deciding whether to do business there or not. Nowadays, there are vast indicators, statistics and political analysis paper published and publicly available for review. This is the best source for count ry’s information that can help decision making. However, there are some emerging market countries that are less transparent and access to accurate economic or industry statistics may not exist at all. In this case, firms might not have the information and expertise to do the analysis by themselves. Then the best option is to, employ a consultant service firm who have the expertise in inducting the analysis. 3. 3. 2 Protect the investment with political risks insurance Political risk insurance is a type of insurance that can be taken out by businesses, of any size, against political risk. Political risk insurance is available for several different revolution, insurrection, civil unrest, terrorism or war; Governmental expropriation or confiscation of assets; Governmental frustration or repudiation of contracts; Wrongful calling of letters of credit or similar on-demand guarantees; Business Interruption; and Inconvertibility of foreign currency or the inability to repatriate funds. 3. 3. Involve host country’s government in the business Government equity participation either through the relevant government agencies or through Government Related Companies (Gels) can bring a lot of advantage to firm and to the government itself. This can be done in various ways such as by creating a new Joint venture company with both parties have a percentage of shares in it, or through strategic alliances and consortium. By having the government itself as partner, firms may find it easier to obtain the license, get full support from the government, reduce the risk of expropriation and even improve company’s goodwill mongo the people. 3. 3. 4 Have a Joint venture or alliance with local company. The objective of having cooperation with local company is almost similar to having the relationship with the government as discussed previously. Some other benefit for Macs when they cooperate with local company includes firms can share the knowledge of local company about the trend, taste, preferences and culture of the local people. Both parties will also share the costs and risks of doing business. At the same time, Macs can benefit the local company by having a knowledge and technology transfer, besides sharing the experience of Macs. 3. 3. Conduct a proper scenario planning when making the entry decision. Scenario planning refers to the process of visualizing what future conditions or events are probable, what would be the consequences or effect of it and how to respond to, or benefit from it. For example, when a pharmaceutical company starts to develop a new compound it does not know if these typically very large investments will generate any benefit in the future. So, success is dependent on many factors; internal factors such as the skills and knowledge of researchers and developers, and external influences such as technology trends, demand and price developments. In order to do that, they have to tap into tacit information that is already available within or outside the company and to convert it into knowledge about possible future scenarios and options the Risks associated with investments into intangibles, especially of investments into the strategy and in the product innovation chain of a company, are much higher than in traditional industrial physical asset type of investments. But on the other hand the upside is often unlimited. Businesses which are engaged in R and continuous product and market innovations must find ways to limit the downside, the risks, and o boost the upside in order to fully leverage their investments and to generate value for investors and other stakeholders. Scenario planning is a very good method to do that and to limit especially large strategic risks. Figure 5 shows finding of a study on what is the best tools to mitigate the effect of risks in four major emerging markets; Russia, India, China and Brazil (Also called BRICE countries). How to cite Chapter emerging market, Papers

Theme of a Dolls House free essay sample

While Nora uses general descriptors indicating a lack of definite knowledge Torvald delivers commands in a belittling way, a constant affirmation to his wife (and himself) that he is the man of the house, and therefore, he believes, entitled to control. Ibsen further demonstrates this through Nora’s desire to have some pennies, some financial power of her own. It is made clear in this conversation that Torvald has power over the household assets and through his reluctance to ive Nora any money of her own and his disparaging explanation as to why, Ibsen further sets up the imbalance in power. However not all of the opening act focuses on Nora’s subservience, for example, the device of the macaroons is used to foreshadow the final climax of the play. The forbidden macaroons, that Nora furtively dines upon behind the disapproving Torvald’s back, is a demonstration that Nora is not completely in acceptance of her lack of power. The confectionery is the immediate manifestation of her desire for some form of power and control. The audience’s perception of Nora as a submissive child-like figure, established by her relationship with her husband, is quickly destroyed by the arrival of Mrs. Linde. The initial balance of power lies with Kristine in this alternate relationship, as Nora appears envious of her individuality and freedom in having no commitments to a family. Yet, when Kristine declares â€Å"You’re a child, Nora† (1565), this catalyses the first revelation of Nora’s actual power to the audience. Ibsen reveals that despite her interactions with her husband, Helmer is well indebted to the actions of his wife, who unbeknown to him, are responsible for saving his life. Nora is ecstatic at the fact that she is able to finally disclose her secret to someone; she then proceeds to declare that she has no need to reveal this to her husband as Torvald is already so devoted and so smitten by her current beauty. It is Nora’s false belief in the power she has over her husband, that when it is shown to be misplaced, she reaches the extreme of deciding to leave for ever. The theme of power and control in the text is not merely demonstrated by one character over another, but also by society over the actions of Krogstad and Torvald in particular. Krogstad simply desires a position at the bank because â€Å"my sons are growing up. For their sakes I have to try to win back as much respect as I can in this town. † (1574) He wants to have power in a society, where someone who has committed forgery and is well known for lying has none. This is further demonstrated by the quotation â€Å"What those spiteful men wrote about him in the paper, lies and slander. He’d have lost his job if you hadn’t been sent to enquire,’ as said by Nora as she warns Helmer of the consequences of firing Krogstad. This implies that public opinion also has a form of control in determining what the characters created by Ibsen can and can’t do. Similarly â€Å"if it comes out that the new manager changes his mind when his wife demands it,† as is said by Torvald, shows that society believes that giving into the desires of a wife is a sign of weakness, a sign of a distinct lack of power placed in the influence of a female party. The best demonstration, however, of society’s power over the characters is witnessed in the climax of the play. When Torvald is trying to justify his out-burst at Nora he declares ‘no man sacrifices his honor for the one he loves. ’ Of course, what Helmer means is that he didn’t want to become stripped of all power and respect in society the same fate that Krogstad had suffered. Helmer was not willing to give up this power and respect that his post as bank manager entailed and, bound by this, he was unwilling to perform the miracle Nora had so desired. Other then the power of society over characters Ibsen also introduces the power of law and necessity as minor themes in the play. Mrs. Linde makes no denial of the fact that she married not out of love, but out of necessity to provide for her dying mother. By telling Nora of how little emotional commitment she had to her husband this shows Nora that, when the miracle doesn’t occur, she has no reason at all to stay with Torvald. Krogstad’s use of the power of the law to threaten Nora is also a commentary of Ibsen on society at the time. Nora’s belief that the reasons for which she forged the contract would be enough to save her from punishment (‘surely there must be laws about that,’) is possibly Ibsen’s way of speaking out against the lack of compassion the law shows for those in desperate need, or even against the fact that the power of law is seemingly far greater than the power of love between members of a family. The final element, which is concerned with the issue of power, is its transition between characters throughout the play. Initially Nora believes she has power over her husband in two forms. One is his desire for her as, in her own description, she is ‘such a pretty little thing,’ and two, is the debt of gratitude he owes her for saving his life. By the conclusion of act three, it is clear that Nora has gained the power of independence, but the other two are no longer existent thanks to Helmer’s outburst and Krogstad’s letter. After shedding her fancy dress and re appearing Nora states ‘I’ve changed,’ and from this moment on the infantilism she formerly showed and her inflated self-opinion leaves, and is replaced by a resolute decision and a lucid acceptance of her responsibility. This is almost a complete contrast to the power shift experienced by Torvald. Initially he views his wife as a mere possession, a toy doll which he is able to show off at parties to the admiration of fellow members of powerful society, ‘curtsy here curtsy there – and the vision of loveliness was gone as they say in fairy tales. However when this ‘possession’ of his shows any sign of independence and when he realizes the consequences of her leaving, he is forced to make a series of desperate appeals to Nora’s religion, morals and marital duty in order to attempt to persuade her to stay. The theme of power is a central issue in Ibsen’s ‘A Doll’s House. â€℠¢ Through the presentation of power in the home, the power of society and the transition of control between characters, Ibsen is able to create a commentary on the rights and values of a society devoid of many gender equalities that are present today. The change in Nora, from being under the power of Krogstad and Helmer to eventually leaving the house and the children was a ground breaking power shift to portray in the social setting of late 1880’s and it is due to this radical shake up in the community’s view on the power of independence that â€Å"A Doll’s House† became the most significant piece of Scandinavian theatre of all time.

Behaviorism And Cognitive Psychology Essays

Behaviorism And Cognitive Psychology Essays Behaviorism And Cognitive Psychology Paper Behaviorism And Cognitive Psychology Paper Although learning is a part of education, it has consider both the same. 1. 3 Approaches to Educational Psychology Positivist school Scientific method Behaviorism Cognitive psychology 1. The Positivist School C] Psychologist starts to understand and predict humans behavior Instead of studying 0 They searched to find the principles of human learning by checking the behavior of animals, under exactly defined conditions. Logical Positivism 0 They accept only experimental data as evidence, so thought and feeling of human was something inaccessible, and there for were not investigated! 1. 4. 1 Behaviorism Russian Pavlov: 0 S-R (Stimulus-Response) theory or Classical Conditioning 0 It was considered that all human behavior could be explained in terms of the way in which simple S-R connections were built up. PROBLEM: It could not consider enormous range of human action. 1. 4. 2 B. F. Skinner 0 Founder of Modern Behaviorism 0 He constructed a system of principles to account for unman behavior in strictly observable terms. 0 Learning as a result of environment VS. Learning as genetic factor notion of operates emphasizing on reinforcement OPERANT CONDITIONING: an individual responds to a stimulus by behaving in a particular way. Skinner paid more attention to instruction in education and suggested: 0 Teachers should make clear what is to be taught 0 Tasks should be broken down into small, continues steps 0 Students should be encouraged to work at their own pace by means of individualized learning programs 0 Learning should be programmed by connecting he above procedures + immediate positive reinforcement is seen as a behavior to be taught Language Learning a language acquiring a set of appropriate mechanical habits Teachers role developing learners good habits, by means of pattern drills and memorization 1. Cognitive Psychology Human Thoughts It concerns with the way in which human mind thinks and learns Therefore it deals with mental process involved in learning and cognition Here learner is seen as an active participant in learning process Information theories, consider brain as a complex computer / I. . Artificial intelligence system;its models of memory and reading process Constructivism movement, Jean P igged, concerned with ways in which individuals come to make their own sense of the world. . 5. 1 Information Process At the very heart of cognitive psychology is the idea of information processing concerned with: The way in which people take in information Process information Act upon information O BASIC ASSUMPTIONS 1 . Attention: Is the cognitive process of selectively concentrating on one aspect of the environment while ignoring other things 2. Perception: Is the organization of sensory information in order to represent and understand the environment. Sakes many different forms, e. G. Images, sounds or meaning. Construct models or scripts to try to account for the way in which the human mind works 1. 5. 2 Memory 0 Atkinson Shuffling (1968) describes the memory process in terms of sensory register where stimuli are initially recorded for a brief amount of time before being passed into short-term memory if attention is given to them. 0 3 terms for memory: Short-term memory Working memory Long-term memory 1. 5. Constructivism As perspective in education, is based on experiential learning through real life experience to construct and conditionality knowledge. 0 Pigged constructive nature of learning process: Individuals are actively involved right from birth in constructing personal meaning, that is their own personal understanding, from their experiences. The End The principle goal of education in the schools should be creating men and women who are capable of doing new things, not simply repeating what other generations have done Jean Pigged

Bolshevik Success in 1917 essays

Bolshevik Success in 1917 essays How and why were the Bolsheviks able to seize power in Russia in 1917? When the February Revolution of 1917 erupted, the Bolsheviks were a minor concern and had no direct involvement in this initial bourgeoisie revolution. Prominent Bolshevik leaders like Lenin were abroad at the time and members were divided over the partys purpose in Russia. Notwithstanding this, by 1922, the Bolshevik Party had assumed resolute power in Russia and consolidated their authority. Nicholas IIs abdication had created political instability in Russia, leaving the Provisional Government in Petrograd to assumed power over Russia. Unfortunately, the Provisional Government lacked legitimacy to justify its actions. There was no tradition of government rule in Russia and many people were actually opposed to it. As a self-appointed body, many questioned the Governments authority to rule. The Provisional Government also lacked a charismatic leader, which only aggravated the situation. Despite attempts to ameliorate their position like the appointment of Alexander Kerensky as leader, even his political talent could not improve the PGs popularity. Historians recognise that the Provisional Governments continuance of the war was a significant influence on their downfall, but we must bear in mind that this decision was not based on blind refusal to admit defeat, but political reasoning. Russia was practically bankrupt and continuance of the war provided essential financial assistance from the West. Moreover, the Provisional Government felt obliged to continue the war out of loyalty to Britain and France. This was an unpopular decision, as there appeared to be few aims to the continued fighting or breakthrough successes. The PG gradually lost the support of a large proportion of the troops, regarded as little more than peasants in uniform, and were an obvious target for Bolshevik propaganda. Russia was an impoveri...

State with reasons the aims which you consider are relevant for Essay

State with reasons the aims which you consider are relevant for present day education. What social factors are likely to influence learners' achievements of these aims - Essay Example The various aims could be identified and compartmentalized under the following heads: 1. Development of cognitive skills: When a child grows up into an adolescent and later on into an adult, it has to be gradually trained to observe and understand various things, principles and aspects of life. The environment teaches many things but if the learner is not properly trained to understand things in the proper perspective, then s/he is likely to misunderstand many principles which ultimately may have an adverse impact on the entire life. It is here that education steps in and assumes a responsible role of helping the learner to observe and understand things in the proper perspective. Under Instructional objectives in any learning exercise the " cognitive objectives assume primary significance and these comprise, i. Knowledge ii. Comprehension iii. Application iv. Analysis v. Synthesis and vi. Evaluation "2 ( Rashid,M 1999) The main perceptive skills of seeing, hearing, and feeling have to be gradually developed to a mature level of understanding to make the learner's jud gment faultless and worthwhile. The various subjects he studies at school, the various exercises he is put under and the instructions given by his teachers greatly help to hone the understanding skills. This helps him to perceive different stimuli properly and assimilate their import properly in his memory file, and for later reference and judgment. The periodical tests and examinations aim at evaluating how well the learner has been developing his cognitive skills so as to understand the issues involved in various problems and come up with acceptable, if not entirely ideal, solutions. If this aim of education is achieved, full credit can be given to such an education and the educators. 2. Development of analytical skills: At every point in a grown-up individual's life, whether he is an adolescent or an adult, he or she is called upon to take decisions on various issues, affecting their lives as well as those of others. Unless he takes the right decisions, his further actions cannot be expected to bear favourable results. More often than not, problems crop up in different places, mainly because some of the concerned individuals are not able to analyse problems correctly, with the result, they take wrong decisions which have an adverse impact on all persons concerned. This can be avoided only if all the persons associated with a problem have a fairly good ability to analyze things in the proper perspective and arrive at a reasonably good decisions. This is possible only when the education they had received had equipped them with proper skills to study things with patience and concentration so that they don't commit any error in understanding the issues involved. Obje ctive analytical skills is based mainly on one's ability to take in things as they are and start asking relevant questions which are likely to bring out more information concerning the issues. This way a proper understanding of the entire problem is ensured. Understanding paves the way for solutions in many problems. This is what education trains in individuals when it coaches the students with a variety of mathematical and scientific problems, which form the training ground for developing the problem solving skills to

Commerce as the Transfer of Goods and Services Coursework

Commerce as the Transfer of Goods and Services - Coursework Example The arena for making agreements prior to sealing of a transaction varies. The buyer and seller may meet face to face, they can communicate through the telephone or they can do that through the web commonly known as the interment. When such agreements are reached over the internet followed by the transaction getting sealed (buyer gets commodities bought delivered to him and the seller gets paid by the buyer), then this is termed as e-commerce or e-business. Just like in any business, there have been instances of fraud in e-commerce. If one is able to commit fraud when the transaction is conducted face to face, how much more is this possible when business is conducted over the web Most businessmen have been defrauded and buyers conned. This led to the need for beefing up security as far as e-commerce is concerned. The security function in the websites belonging to buyers has been the very essence of doing business. One needs to verify the validity of the seller and the buyer needs to pay beforehand. Even though the amount of security has increased in the recent years, the hackers keep on being creative by the day thus also requiring innovation as far as the security function of e-commerce is concerned. E-commerce is picking up as a popular way of doing business not only on the retail section but also the banking section. It entails doing business over the web in which the seller and the buyer are both connected via a web browser. Since anything that deals with the computer and the web to be precise is prone to hacking, spying, sabotage etc, it is important that a security component is emphasized when using the web. This security function becomes mandatory when using the web for business. However, the security needs to be upheld to a given degree which is of dual function in that it doesn't impede on the efficiency of transactions and still it doesn't leave obvious holes to the hackers' advantage. The seller's website needs to be well protected and secure against fraudsters and hackers but at the same time, the security components should not suffocate the website to a level that the efficiency of business transactions is impeded on. The buyer has the obligation to identify his/her s ecurity objectives: there is need to know what it is that the seller needs to protect and what should be left open with considerable trust to enhance business transactions. As much as some reasonable degree of trust is necessary for conducting business but too much trust is dangerous to the wellbeing of the very business that you fight to enhance through trust. Therefore, once the seller has identified what to protect and what not to, he has successfully defined his security objectives and this help does create a security policy which must be implemented.  

Inflammation and Cardiovascular Disease Essay Example | Topics and Well Written Essays - 1500 words

Inflammation and Cardiovascular Disease - Essay Example It has been observed that patients with pre-existing inflammatory diseases have a higher risk of cardiovascular disease, for instance, systemic inflammation causes atherosclerosis. Section 2: Anti-inflammatory and heart-healthy foods and nutrients. Garlic and onions have anti-oxidant and anti-inflammatory properties, which promote a healthy heart. Consumption of a diet containing these foods has been associated with a reduction in systolic blood pressure, oxidative stress and vascular inflammation (Vazquez-Prieto et al 5). A study on the effect of garlic on cardiovascular disorders by Banerjee and Maulik (2002) indicates a significant cardio-protective effect. Section 3: Evidence that garlic and onions are anti-inflammatory. Garlic and onions have organosulphur compounds, which have different effects on human health (Hedges & Lister). Consumption of diets rich in garlic and onions may help to counter inflammation (Maffetone 7). Research has shown that these foods inhibit the aggregat ion of platelets and lower levels of cholesterol (Srinivasan 170; Kochhar 338), which catalyses the production of anti-inflammatory chemicals. They also reduce oxidative stress (Vazquez-Prieto et al 5), which is responsible for the production of inflammation causing free radicals. Moreover, experiments with fructose fed rats (Vazquez-Prieto et al 5) showed that extracts of garlic and onions reverses increased vascular inflammation. Section 4: Comments on anti-inflammatory evidence. The evidence for the anti-inflammatory properties of garlic and onions is precise and clear. It provides a comprehensive basis on the anti-oxidative properties of these foods, which is essential in dealing with chronic inflammation. Section 5: A study design to reinforce the anti-inflammatory properties of garlic and onions. A randomized controlled trial will be used to assess the anti-inflammatory nature of garlic and onions. A sample of participants will be randomly chosen from the population, and their ethical approval will be sought. Those who grant ethical approval will be included in the study. They will then be split and assigned randomly to two equal groups, experimental and control group. The experimental group will be assigned meals containing a specified amount of garlic and onions. On the other hand, the control group will be assigned meals without garlic and onions. The study will ensure compliance such that participants in the control group will not consume garlic and onions during the study period. Pre-test and post-test measurements for blood cholesterol will be taken for all participants. Comparison for the efficacy of garlic and onions will then be made based on these measurements. Q2: CVD Risk Dietary fiber refers to the edible part of plants, which is resistant to digestion and absorption in the small intestine (Lattimer & Haub 1266). Soluble dietary fibers are fibers that dissolve in water to form viscous gels. The increased consumption of dietary fiber is assoc iated with low risk of chronic diseases (Coleman 1), for instance, obesity, type-2 diabetes, cancer and CVD. Soluble dietary fibers such as ?-glucan reduce CVD risk by reducing blood cholesterol (Queenan et al 2). This soluble fiber is common in oats, which have a cholesterol lowering effect. However, despite the clear health benefits, the consumption of dietary fiber has been inhibited by its low palatability (Queenan et al. 2). Section 1: How dietary soluble fiber can lower CVD risk. Dietary soluble fiber reduces the serum cholesterol levels hence lowering CVD risk (Queenan et al. 6).