Robotic Surgery Technology Dissertation Example | Topics and Well Written Essays - 15500 words

Robotic Surgery Technology - Dissertation Example I have read the University regulations concerning plagiarism. I am willing to allow The University of Leicester School of Management to use my dissertation as a sample for future students. Signed †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Date †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Executive Summary This dissertation presents an examination of management perspectives for training, international medical licensing and regulatory requirements for robotic surgery technology using a predominantly qualitative approach involving a review of literature and semi-structured interviews of expert surgeons. A literature review elicits important themes from latest research to illustrate the utility of robot surgery technology, training requirements for robot surgery and regulative approaches. Semi-structured interviews seek expert opinion from minimally invasive robot surgeons, healthcare managers and those qua lified surgeons who are training to acquire skills in robot surgery on matters of interest related to robot surgery technology. Results of the investigations involving a combination of themes from the review of literature and expert insights suggest that a need exists for trying to do more to assist with the training of surgeons wanting to acquire skills in robot surgery. Robot surgery technology presents definite benefits to patients and surgeons. Thus, it is likely that robot surgery equipment will be an integral part of all modern operation theatres of the future. However, those wanting to upgrade their skills to include minimally invasive surgery using robots can face problems because they need practical training. In addition, it makes sense to lend... This dissertation presents an examination of management perspectives for training, international medical licensing and regulatory requirements for robotic surgery technology using a predominantly qualitative approach involving a review of literature and semi-structured interviews of expert surgeons. A literature review elicits important themes from latest research to illustrate the utility of robot surgery technology, training requirements for robot surgery and regulative approaches. Semi-structured interviews seek expert opinion from minimally invasive robot surgeons, healthcare managers and those qualified surgeons who are training to acquire skills in robot surgery on matters of interest related to robot surgery technology. Results of the investigations involving a combination of themes from the review of literature and expert insights suggest that a need exists for trying to do more to assist with the training of surgeons wanting to acquire skills in robot surgery. Robot surgery technology presents definite benefits to patients and surgeons. Thus, it is likely that robot surgery equipment will be an integral part of all modern operation theatres of the future. However, those wanting to upgrade their skills to include minimally invasive surgery using robots can face problems because they need practical training. In addition, it makes sense to lend support to harmonisation of regulation of medical devices so that patients benefit from timely availability of these devices cheaply.

Law of Business Organisations Essay Example | Topics and Well Written Essays - 2000 words

Law of Business Organisations - Essay Example According to the QLD Partnership Act of 1891, there is a nature to partnership agreements that only holds partners accountable and liable for specific actions that are under the terms of agreement for a contract. According to Section 3 (1-15), liability issues of the business become questionable. Liability can be defined by the extent to which each individual is responsible for the other as well as through partner’s who breach the trust of other partners. According to section 23A, the liability not only includes basic actions and agreements, but also property and monetary value. Unless all property and money is acquired through business agreements, it is not a liability of the company. The rules to interest and duties of partners in section 27 also apply, which states that there is not a business agreement under the definition of a joint partnership unless each holds equal earnings within that agreement (Partnership Act 1891, 13-26, 2009). The first part to this is based on the term of partnership. Even though Jara and Alvarez are partners, Alvarez was not aware of the robbery or the deal that Jara had made with the robber. Under the terms of partnership, there is a joint ownership. However, this doesn’t mean that Alvarez or Jara is responsible for what the other owner does or does not do in terms of the partnership. Even though Alvarez and Jara are partners, Alvarez is not responsible for the actions that are taken by one of the members. This first defense doesn’t leave the company or Alvarez responsible for Jara’s actions. Unless he was involved in the act or had a joint agreement with the security used, he can’t be sued for his partners’ actions. Under section 3 (1-15), the definition of joint ownership does not include being responsible for individual actions. The second concept that applies under the partnership is based on the joint

Assessing The Homestay Program In Malaysia

Assessing The Homestay Program In Malaysia Homestay is not a new phenomenon in Malaysia. Homestay has been discovered in early 1970 where a local lady called Mak long who took guests and provide them with food and accommodation within her humble kampong house (Amran,1997). Homestay is a program where tourists stay among local families and experience their actual lifestyle first-hand-how they prepare and eat their meals, go about their work, their leisure activities and much more. There were about 286 houses participating officially in this homestay programme in 1997 throughout the country and the number of homestay has been increased to 2000 homestays in 2011 (Dept. Statistic Malaysia,2011). Homestay program can thus be regarded as a rural-cultural-community-based tourism product. Rural tourism per se may have existed for a long time in Malaysia as quite a number of nature based and culture based tourism products are located in the rural areas. However, it has only received recognition as a tourism product with the launching of the Rural Tourism Master Plan in 2001. A market survey undertaken to formulate the master plan indicated that foreign tourists who came to Malaysia spent 15% of their stay in rural areas. In the eight month to August 2009, there are 102,934 visitors participate in the homestay program nationwide with a turnover of RM6.5 million compare to 57,658 visitors with a turnover of 3.3 million during the same period last year (The Star, 2009). The idea of the homestay program is to accommodate tourists in a village with a local family, thus enabling the tourist to learn about local lifestyle, culture, nature (Louise Gai Hjulmand et al: ARBEC 2003). The core component of the Malaysian homestay programs, which differentiates it with homestay elsewhere, is the element of staying together with host families or adopted families. The guests have the opportunities to interact, gain knowledge, and experience the life style and culture of the host family as well as the local community. This element involves the guests eating, cooking, and engaging in many activities together with their adopted families, thus allowing two parties with different cultural backgrounds to interact and learn from each other. Unlike regular bed and breakfast establishments, the homestay program in Malaysia allows the guests to participate in the hosts daily activities. Indeed, this can be considered as an important strength of this particular product; no other tourism product in Malaysia offers a similar experience of Malaysian rural societies as that offered by the homestay program (Kalsom, 2009). The uniqueness of the Malaysian program is the experiential element with the host families as well as communities. Communities are the basic reason for tourists to travel, to experience the way of life and material products of different communities. Communities also shape the natural and landscapes which many tourists consume (Richards and Hall 2000). The realization that the community itself has become an object of tourism consumption has in turn encouraged some communities to reproduce themselves specifically for tourists. Through homestay program, tourists would be able to experience the daily life of the ordinary people of a community. The homestay program is a non-commercialized entity, as opposed to a hotel, a bed and breakfast, or a homestay run by an individual homeowner in a residential area. Background study The government have given emphatic stress through the ministry of tourism to the homestay program as it is a tourism product. The program having so many potential, a master plan was formulated in 2011 to advance homestay program as a catalyst for rural community development. The number of homestay providers in Malaysia has rising because it has the ability of providing additional income and likewise employment (9th Malaysian plan, 2010). Moreover, the government in their effort in enhancing the homestay program have created websites, where all descriptions, booking details and contact number are been provided. Infrastructural development are also a factor that is been strengthen by government in rural area. They make sure good road are been contractedly, constant electricity supply, provision of clean water supply and upholding the community building. Furthermore in the 9th Malaysia plan, the government put its centre of attention into the development of rural area through the modernization and commercialization of agricultural acivities and creation of new economic activities that must especially through the system of One District One Industry program The guesthouse nowadays, which are called homestays are actually commercial home enterprise (CHE) which is define as a small housing enterprise that are identified as a new hospitality nowadays (Paul A. Lynch, 2005). A commercial home is type of accommodation in which payment is been made by guest to stay in private homes. In most guest houses or private homes, the host or family do not usually live on the property. Likewise there are limitation differentiating open area and closed area in the premises. Some spaces are restricted for visitors because they open to host only. While the real homestay is all about living and learning the local lifestyle in their local residents and their family and most homestay do not have restrictions to visitors, where there are free to move around the house as they please. In the homestay, visitor or tourist will experience the music and cultural activities, historical significance, arts and crafts (MaimumahAbdulRahim, 2009). Due to the misunderstanding between the guest house that is presumed to be home stay and the experiential home stay, it causes a lot of confusion in the mindset of people. Most people or tourist takes the guest house as the home stay, which in turn makes them not to take the real home stay as their first choice of holiday accommodation. The reason that brought about this research is to ensure the clarity between the experiential home stay and the guest house (CHE) called home stay. According to the host of a homestay in Melaka, there is lots of improvement that need to be executed. In other to make the name of the homestay unique and set a good perception and image of the homestay in the tourist mind through consistent theme, otherwise known as branding. This will help to establish a major presence in the market which will at all time attracts and maintain the customers. This wills also broadening the peoples understanding on the difference between the guest house (CHE) and homestay, because of its uniqueness due to branding. The host also pointed out that the marketing effort for the homestay is not enough. This is because most people do not know where homestay accommodation is situated. They have to refer to the web, which in most, cases tends to be tedious and might lead them changing their mind into going for hotel. It might also confuse their perception again on the difference between guest house (CHE) and homestay. So in light of this, the government should upgrade their marketing strategy for the real homestay creating more advertising campaigns through the media such as Television, radio station, newspaper and even roadside advertisement, Likewise in airports, so as to draw the attention of tourist into going for the homestay. Research objective Research shows that there is a growing body of knowledge on homestay, specifically in the area of tourism industry. So the main objective of this study to understands the state of homestay development in Melaka. In order to aim the question and to conduct the objective of the research, an exploratory study is conducted and this will be discussed in chapter 2. Chapter 2: Research Stance Inductive reasoning is logics based on experiences and observation acquired in the real world, in which it makes use of experiences and experiments to arrive at conclusion. The hypothesis of an inductive argument shows some degree of support for the conclusion, but they do not require it. In inductive reasoning, the hypothesis is mostly based on facts and observation. There is also the tendency that that the hypothesis could be true whereas the conclusion is false giving that a logical relationship between hypothesis and conclusion is not necessary. The reasoning through inductive logical argument begins with specific observation, then distinguish patterns and regularities, generate a timid hypothesis which we can explore and finally wind up emerging with some general conclusion. The most common type of inductive reasoning is when we gather evidence of some experimental phenomena, and then make a general conclusion on all such types of phenomena based on collected facts. An example of inductive reasoning through medical science. Scientist in their research discovered that the average human temperature is 98.6 degrees Fahrenheit. A person with 99.3 degrees temperature is considered to be having a fever and is given medication to bring the temperature to normal. This type of reasoning is inductive and obvious, nobody is entirely fit as an average human beign, not in weight, height or the talked about temperature. To make a conclusion that the right temperature of all human race is the same as the average temperature of a sample of individual members is incorrect. The advantage of inductive reasoning is able to asses hypothesis even if information contrary to the hypothesis is observed. It is flexible, more open minded and tentative most especially at the beginning. Inductive reasoning can be probable, believable, reasonable, because it benefit from a wide variety of probability. Moreover inductive reasoning takes place in lots of places, ranging from mere classroom to courtroom and even in the media. It is a reasoning that can start with nothing, and then make some observations which will lead to a conclusion. Inductive reasoning help us in providing new ideas that could increase our knowledge about the world. It helps in dealing with complications, likewise inductive reasoning allow us to deal with concepts with insufficient definition. Inductive reasoning is not the exact opposite to science or reasoning, it is the way science operates and progresses infect. In induction, most of the conclusions are uncertain and this is the disadvantage of induction. Truths and objectivity are been compromised in induction, so the need for the use of evidence arises. False analogy is also a disadvantage during argument from analogy and inductive reasoning cannot be rationally justified, because we rely on assumptions (David Hume). In philosophy, it is been contemplated that the use of inductive reasoning to justify beliefs is reasonable. Experiences gain from previous events or our memories allow us to prepare for the future. Even though the future is not certain through predictions and generalization, we can assume that what will happen tomorrow will most likely be the same as what happened today. We can make generalization based on previous information achieved, but it doesnt necessarily means it has the same amount of certainty as the argument. For example, all human that have been seen had exactly 10 fingers, 5 on each hand, so therefore can conclude that the next human that will see will have 10 fingers too. This conclusion is arrived at due to inductive reasoning and do not have the same certainty as the premises. Some human nay carry a certain gene that when born, may have 12 fingers, 6 fingers on each hand, Although the possibility of that occurring maybe low, but it is possible. So thereby makes the argument invalid. A prediction may turn out to right, but it does not necessarily mean the induction is reliable. There are several type of inductive reasoning, such as inductive generalization, simple induction, statistical syllogism and argument by analogy. Inductive generalization is a reasoning that advances from an argument about a sample to a conclusion about the population. It aims at concluding about events larger than the subdivision which serves as the basis for the induction. In other for this argument to work, there is need for careful collection of information. It is descriptive and exploratory. Simple induction is the induction that continues from an argument about a sample group to an inference about another individual. It is the combination of both generalization and statistical syllogism. Statistical syllogism is the reasoning that argues from generalization to an inference about an individual. It proceed from a generalization to a particular case. Argument by analogy is the argument from analogy is as reasoning in general it is not always in turn of an argument. It is mostly ab out learning or explaining things, description, solving of problems by broadening our thoughts from what that been understand to what that do not been understand. Reasoning by analogy is quite common in humanities, science and philosophy. Deductive reasoning is generally known as formal logic. This involves reasoning from genral argument, which are known or presumed to be true, into a specific and certain conclusion. Avalid argument is when the conclusion is most definitely true provided the theory are true, meaning that the conclusion directly follow the theory. The conclusion arrived atare inevitable, certain and inescapable,. Furthermore the conclusion is contained in the theory. It is a method of acquiring knowledge. A deductive reasoning is determined by its structure of the argument and moreover by the conclusion offered. Reasoning through deductive argument starts with a major hypothesis, and based on those ideas it draws the truth and conclusion about it. Deductive reasoning begins from the more general observations to the more specific. From a topic of interest, a theory is been formulated, then narrowed down to more specific hypothesis that can be tested and then further narrowed down after observation is collected to tackle the hypothesis. In the end, it eventually help us to be able to test the hypothesis with specific data which is a configuration of our original theories. It is considered sound argument if it is valid and its premises are true and it is unsound if it is invalid or it is valid but one premises is wrong at least. Hence, deductive reasoning is the logic used in proving things for certain. It is a formal argument that assumes one or more facts as self-evident, by following strict rules, it arrives at a conclusion. The verification of deductive reasoning conclusion depends on its correctness of the argument and the truth of the hypothesis. The correctness is determined by use of established rules. An example of deductive argument goes as follows: All mangoes are fruits All fruits grow on trees Therefore, all mangoes grow on trees In the above statement, the argument is valid and sound. An argument is correct even if its impossible for its theory to be true while the conclusion is false. Deductive argument can be correct even if the premise is wrong. An example of a correct but unsound argument is: All baseball players eat crab Lamar eats crab Hence, Lamar is a baseball player For this argument, the conclusion may or may not be true due to the premises being wrong, given that all baseball players dont have to eat crab, they can have other things as well. Despite the fact that meet deductive reasoning are based in particular on information and science logic, there are general ones also such as: Members of a family include: Yusuf, Selena, Bella Yusuf is rich Selena is rich Bella is rich Hence, all members of the family are rich Referring to the example above, we can see that deductive reasoning is based on a theory called syllogism. Syllogism is a form of argument that contains three categories. The first categories utter a tentative property that cannot be argued further. The second states that an exact item fits into the category and last step gives a conclusion by applying the deductive reasoning from step one and two. The advantage in deductive reasoning is that the truth it created are absolute. Many of the hypothesis are generally accepted because they are known to be self-evident truths, because they cannot or do not need to be proved. Deductive reasoning draws conclusions from proofs and not by assuming about an already determined clause. It is very valuable skill that helps a student in analyzing literature or even proving a mathematical theorem. Deductive reasoning allows a student to determine the correct answer to a question and moreover deductive reasoning can be taught. The disadvantage in deductive argument is that new facts are not arrived at because the conclusions are already contained in the premises. Before starting a deductive reasoning it must have some truths in hand or else it wont be valid. The most obvious risk in deductive argument is when creating the major premises. The assumption made must be self- evident truths whereby no reasonable person would disagree with it, or an assumption that can be proven through clinical studies and physical observation. There is two type of deductive reasoning, such as traditional deductive reasoning and modern symbolic logic. The traditional deductive reasoning is also known as categorical syllogism, it is a reasoning where facts and information are determined by combining statements. It is an ancient type of deductive reasoning. During ancient times, men usually presented their arguments in syllogism, but soon then they presented their arguments in a more abstract form. An example of lines of reasoning derived from this method is: All men are mortal Socrates is a men Therefore Socrates is mortal Modern symbolic logic is a deductive reasoning that develop to help create a more simple and useful method of translator ordinary arguments into a universal language of symbols. This type of reasoning can analyze longer arguments very quickly and check if it is valid. But this type of reasoning made logical argument mathematical and even made it uglier. In the conclusion, Induction reasoning is generally related to the future. It assemble specific facts and then bring about a general conclusion that assume what will be found in the future while deductive reasoning are generally relate to the past or present. Most likely, the hypothesis are already tested, therefore it draw from general information and then create an exact conclusion which it verifies the past or present. An inductive reasoning needs faith in its conclusion, while deductive reasoning needs faith in its hypothesis. Inductive argument takes events and creates generalization while deductive arguments make conclusion based on generalization. Positivist and anti positivist Positivism is universally known as the philosophy of knowledge and science. The concept asserts that the only true knowledge is that which is found in sense, perception and positive verification. All knowledge arrives from positive facts of experience being observed. It is a philosophy which has a lot of theories for the entire field of theology as well as metaphysics, because they cannot be proving to be true. Positivist theories include the theory of the mind, theory of society, the theory of language and likewise the theory of morality. Antipositivism is also known as the non-positivist or interpretive sociology and is the view in social science that academics must necessarily reject empiricism and the scientific method in the conduct of social theory and research. Antipostivism contend that only through the subjective interpretation of and intervention in reality can that reality be fully understood. The study of phenomena in their natural environment is key to the antiposotism philosophy, together with the Acknowledgement that scientists cannot avoid affecting those phenomena they study. They admit that there may be many interpretations of reality, but maintain that these interpretations are in themselves a part of the scientific knowledge they are pursuing. antipositivism has a tradition that is no less glorious than that of positivism, nor is it shorter. In this research the approach that have been used in carried out the research is the deductive and purely anti positivism. How the research is been conducted and the findings from doing the research will be discussed in the exploratory research section. Exploratory Research In the process of this research, interview from different homestay and guest house that assume to be homestay have been carried out. From the interview found out that homestay faces some problems which might affect its progress and its reputations. This problem is as follows: The government effort toward homestay The Malaysian government makes all effort possible in making the homestay more reliable. They make provision of training for the host on how to manage the homestay. Homestay managers are been send to gain more knowledge on how to make the homestay more efficient. Furthermore, they also provide infrastructural facilities to aid the development of the homestay area. Facilities such as provision of good road networks, clean and portable and standard electricity power supply. All this facilities will boost the image of the homestay to the tourist who might be willing to stay there. The provision of these amenities would not only attract more visitors but it will also make the villagers lifestyle to be improved. The government in its effort also perform safety inspection on each homestay, in other to make sure that it is suitable for tourist. This is to make sure that the environment surrounding the homestay is kept clean and kept safe for the tourist or visitors because a safe environment is a place to be. Moreover, the government have make available homestay information to visiting tourist in the website; in the website include the location of the homestay, contact number of the homestay and also the addresses of the homestay. All of this is provided to make it easier for visitors or tourist to find the homestay area. They will be able to call earlier, even to make a booking or reservation; this will enhance and promote the homestay. Besides of this tremendous effort government should have double up the effort in marketing strategy and aware of the new phenomenon which has spread widely where is a guest house that called homestay. The government should take a wise action on this phenomenon whether to abolish or rename the guest house that assumed to be homestay this is because the reputation of homestay have been down because of the guest house that assume to be homestay. Branding and Marketing An effective brand marketing strategy draw at the heartstring of prospective buyers to evoke an emotional response called loyalty. Consumers buy goods and services, not only because of the quality or ability of a product to perform as promised, but because of emotions products and services evoke. Branding is all about promoting the right perception to a target audience, which will convince that audience of the advertisers promise to bring comfort, safety, security, assurance, a sense of well being, or social acceptance. An advertisers brand is a name, symbol, graphic, or slogan which identifies the goods and services the advertiser sells, while setting them apart from the competition (christianet, 2008). So in light of this, the government should upgrade their marketing strategy for the real homestay creating more advertising campaigns through the media such as Television, radio station, newspaper and even roadside advertisement, Likewise in airports, so as to draw the attention of t ourist into going for the homestay. This is another problem faced by homestay in Melaka. Many homestay do not have even names, not to mention images to identify it. There is no uniqueness for some homestay. Many guest house have overshadowed the homestay. Each homestay should have a unique image or brand, which allows visitors or tourist to be able to determine where they want to stay, the exact homestay they require. Moreover, they should try to improve their marketing strategies. This could be done through advertising and marketing branding. By advertising the homestay, it is likely to bring in more visitors which will enhance the market value. Also by raising brand awareness and driving sales, present the homestay with a more good features, which will give tourists or visitor more urge to visit. Homestay should engage in promotions. Through promotions, more visitors are being worn over. Many guesthouse have overshadowed the homestay. Each homestay should have unique image or brand which allows visitors or tourist to be able to determine where they want to stay, the exact homestay they require. Moreover, they should try to improve their marketing strategies. This could be done through advertising and marketing branding. By advertising the homes, it is likely to bring in more visitors which will enhance the market value. Also by raising brand awareness and driving roles, present the homestay with a more good features, which will give tourist or visitor more urge to visit. Homestays should engage in promotions. Through promotions, more visitors are being worn over. Many tourist or visitors will tend to choose a home offering discounts as it is still a great and lovely home to stay in. Homestay offering promotions to visitors and this will lead to get more attention than others and this will enhance its finance. Commercial Home Enterprise The guesthouse nowadays, which are called homestays are actually commercial home enterprise (CHE) which is define as a small housing enterprise that are identified as a new hospitality nowadays (Paul A. Lynch, 2005). A commercial home is type of accommodation in which payment is been made by guest to stay in private homes. In most guest houses or private homes, the host or family do not usually live on the property. Likewise there are limitation differentiating open area and closed area in the premises. Some spaces are restricted for visitors because they open to host only. While the real homestay is all about living and learning the local lifestyle in their local residents and their family and most homestay do not have restrictions to visitors, where there are free to move around the house as they please. In the homestay, visitor or tourist will experience the music and cultural activities, historical significance, arts and crafts (MaimumahAbdulRahim, 2009). Confusions have always been a very bad omen for anything or to human themselves. In terms of this research, it was noted that many visitors or tourists have always taken the guest house (CHE) to be the homestay. It has reduce the level of visitors which the experiential homestay has get the impact drastically. In dealing with this confusion, it is better to either abolish the confusion guest house or rename it to commercial home enterprise, it completely so as not to cause anymore confusions among the tourist. The perception of tourists or visitors is very important, because when they go for the guest house instead of the homestay and do not get to meet the expectation they wanted, it might damage their perception on the homestay. This really is causing a major upset for homestay host or managers. This confusion also affects the marketing and financial aspects of homestay. So this research deduces that the confusion needs to be deal with. The popularity of homestay also is an aspect that needs to treat. Most homestays are located in rural areas, so it is very hard for urban visitors to know of some homestays, in which they can reside in. It will help the cause of the homestays if it is been popularise in the urban areas as it will enhance the medium at which visitors or tourist visits. The government have given emphatic stress through the ministry of tourism to the homestay program as it is a tourism product. The program having so many potential, a master plan was formulated in 2011 to advance homestay program as a catalyst for rural community development. The number of homestay providers in Malaysia has rising because it has the ability of providing additional income and likewise employment (9th Malaysian plan, 2010) Moreover, the government in their effort in enhancing the homestay program have created websites, where all descriptions, booking details and contact number are been provided. Infrastructural development are also a factor that is been strengthen by government in rural area. They make sure good road are been contractedly, constant electricity supply, provision of clean water supply and upholding the community building. Furthermore in the 9th Malaysia plan, the government put its centre of attention into the development of rural area through the modernization and commercialization of agricultural acivities and creation of new economic activities that must especially through the system of One District One Industry program. The guesthouse nowadays, which are called homestays are actually commercial home enterprise (CHE) which is define as a small housing enterprise that are identified as a new hospitality nowadays (Paul A. Lynch, 2005). A commercial home is type of accommodation in which payment is been made by guest to stay in private homes. In most guest houses or private homes, the host or family do not usually live on the property. Likewise there are limitation differentiating open area and closed area in the premises. Some spaces are restricted for visitors because they open to host only. While the real homestay is all about living and learning the local lifestyle in their local residents and their family and most homestay do not have restrictions to visitors, where there are free to move around the house as they please. In the homestay, visitor or tourist will experience the music and cultural activities, historical significance, arts and crafts (MaimumahAbdulRahim, 2009). Due to the misunderstanding between this two, it causes confusion in the mind set of people on the homestay. Many people or tourist visiting would think take the guest house as the homestay, which makes them not to take homestay as their first choice of holiday accomodation or activities. Chapter 3: Research Methodology 3.1 Introduction A research methodology clarifies what the activity of research is, how to proceed, how to measure progress, and what constitutes success. The main focus on this chapter is to demonstrate what the purpose of the research is, how the questionnaire is designed, in what way the data are collected and which areas are targeted. Analysis of the data is presented to obtain the results for objectives which are stated in chapter one. To this extent, the methodology is described with the objectives of this study, which are again stated: To access the effort of government that can enhance the success of homestay To investigate Malaysians perception on homestay To estimate the level of acceptance of Malaysian and foreign tourist toward homestay Research framework, hypothesis development and research design are presented in section 3.2, 3.3 and 3.4 respectively. The discussion of the research instrument involved is explained in section 3.5. The designing of the questionnaire for collecting data will be explained in section 3.6. Moreover, sampling method, data collection and data analysis method will discuss in this chapter also. 3.2 Research Framework

The Clinic :: essays research papers

The Clinic The Clinic is one of a series of Alex Delaware novels written by Jonathan Kellerman. Alex Delaware is a psychology doctor who is often employed by the Los Angeles Police Department (LAPD) to provide psychological profiles of both victims and killers. The book is 465 pages long. In this novel Dr. Delaware has been asked to provide a psychological profile of the victim of a particularly gruesome murder. The victim is Professor Hope Devane, who was found murdered under a large elm tree in front of her home. She was stabbed three times; once in the heart; once in the groin; and once in the back. The only clue was a bicycle track left at the scene. The murder had occurred three months ago and the case had been turned over to a different detective, Milo Sturgis, due to the lack of progress in solving the case. Milo Sturgis is a personal friend of Dr. Alex Delaware and requested his assistance. Very little was known about Professor Hope Devane and Detective Sturgis asked Dr. Delaware to compile a psychological profile of her. Professor Devane had written a male-bashing book entitled â€Å"Wolves and Sheep.† The book had created quite a controversy and Professor Devane had appeared on numerous talk shows. Dr. Delaware discovered that Professor Devane had set up a committee at the university where she was employed. This committee was established to assist students who claimed to have been sexually harassed by other students. There were only three cases handled by the committee before the head of the university dissolved it. Detective Sturgis and Dr. Delaware decide that it would be a good idea for Dr. Delaware to locate and interview both the members of the committee and the individuals involved in the three cases. There were only three members of the committee. The members were Professor Hope Devane, another professor at the university, and a student named Casey Locking. The professor who served on the committee told Dr. Delaware that she only sat in on two of the cases and then dropped out because she felt the committee was too radical. She also said that Professor Devane exhibited signs of someone who might have been abused herself. Dr. Delaware interviewed the students involved in the three cases, with the exception of one young woman who seemed terrified. This girl claimed to have been raped by a fellow student who was a drama major. The Clinic :: essays research papers The Clinic The Clinic is one of a series of Alex Delaware novels written by Jonathan Kellerman. Alex Delaware is a psychology doctor who is often employed by the Los Angeles Police Department (LAPD) to provide psychological profiles of both victims and killers. The book is 465 pages long. In this novel Dr. Delaware has been asked to provide a psychological profile of the victim of a particularly gruesome murder. The victim is Professor Hope Devane, who was found murdered under a large elm tree in front of her home. She was stabbed three times; once in the heart; once in the groin; and once in the back. The only clue was a bicycle track left at the scene. The murder had occurred three months ago and the case had been turned over to a different detective, Milo Sturgis, due to the lack of progress in solving the case. Milo Sturgis is a personal friend of Dr. Alex Delaware and requested his assistance. Very little was known about Professor Hope Devane and Detective Sturgis asked Dr. Delaware to compile a psychological profile of her. Professor Devane had written a male-bashing book entitled â€Å"Wolves and Sheep.† The book had created quite a controversy and Professor Devane had appeared on numerous talk shows. Dr. Delaware discovered that Professor Devane had set up a committee at the university where she was employed. This committee was established to assist students who claimed to have been sexually harassed by other students. There were only three cases handled by the committee before the head of the university dissolved it. Detective Sturgis and Dr. Delaware decide that it would be a good idea for Dr. Delaware to locate and interview both the members of the committee and the individuals involved in the three cases. There were only three members of the committee. The members were Professor Hope Devane, another professor at the university, and a student named Casey Locking. The professor who served on the committee told Dr. Delaware that she only sat in on two of the cases and then dropped out because she felt the committee was too radical. She also said that Professor Devane exhibited signs of someone who might have been abused herself. Dr. Delaware interviewed the students involved in the three cases, with the exception of one young woman who seemed terrified. This girl claimed to have been raped by a fellow student who was a drama major.

World Trade Orgtanization and the Ready Made Garment Industry of Bangladesh; a Critical Analysis

Assignment On WORLD TRADE ORGANIZATION AND THE READY-MADE GARMENT INDUSTRY OF BANGLADESH: A CRITICAL ANALYSIS Submitted To: Professor Dr. Khondoker Bazlul Hoque Department of International Business University of Dhaka. Submitted By: Sheikh Rashedul Islam Student ID: 80116043 Subject: Theory & Practice of International Business Course No:EIB-510 MBA (Evening Program), Department of International Business University of Dhaka. Submission Date: January 6, 2012 ACKNOWLEDGEMENT I am heartily thankful to the course teacher of Theory & Practice of International Business, Professor Dr. Khondoker Bazlul Hoque; whose encouragement, guidance and support from the initial stage to the final level enabled me to develop an understanding of the topic and prepare this assignment. I thank all of those who supported me in any respect during the completion of the assignment. Date:January 6, 2012 Table of Contents: Abstract:4 Introduction::5 Textile imports vs exports in Bangladesh6 Data & Simulations:7 Aggregation of GTAP database version 5_1:9 Ready made garments MFA export tax equivalent:9 Average import-weighed tariff in Bangladesh:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 11 RESULTS :12 Experiment 1: ABOLITION OF MFA QUOTAS:13 Conclusion:17 Reference:18 WORLD TRADE ORGANIZATION AND THE READYMADE GARMENT INDUSTRY OF BANGLADESH: A CRITICAL ANALYSIS ABSTRACT Since the 1980s the export oriented readymade garment (RMG) industry of Bangladesh has experienced an extraordinary evolution: This trend was accompanied by a tremendous rise in the export share from 0. 2% in 1980 to nearly 75% in 1997-98. High concentration on low value-added products, strong dependence on imported textiles and high regional concentration of exports characterize Bangladesh’s RMG sector. The main policy framework is given by the WTO’s Agreement on Textiles and Clothing (ATC) which follows the former Multifibre Arrangement (MFA). By 2005, the sector is to be fully integrated into GATT rules and existing quotas currently hampering trade will come to an end. Thus, it can be expected that worldwide trade in textile and clothing will expand and that production in now discriminated regions will increase. However, existing import tariffs for textiles, strongly supported by local textile producers, hinder the current RMG production in Bangladesh. In this paper we will discuss how future policy developments may affect the RMG sector of Bangladesh. For the analysis we used the comparative static general equilibrium model GTAP. In this model quotas resulting from the MFA agreement are included as export tax equivalents. Compared to China and India, Bangladesh has less restricted access to the most important markets the EU and USA. The experiments simulate a full phase-out of the MFA quotas, as well as a reduction of import tariffs in the textile and clothing sector. First results indicate an increase in RMG production in Bangladesh, but compared to China and particularly India growth rates are quite modest. It is shown that the effects resulting from textiles imports tariff reduction in Bangladesh itself are stronger than the MFA phase out. This demonstrates the importance of the existing tariff regime for textiles. Furthermore it can be shown that RMG imports from Bangladesh to NAFTA are reduced while China and especially India significantly expands their exports to this region. Although Bangladesh can augment its RMG exports on the second large market, the EU, again it looses in competitiveness against China and India. INTRODUCTION The export oriented readymade garment (RMG) industry of Bangladesh has experienced an extraordinary evolution: having started with 9 enterprises in the late seventies, the number has now grown to over 3000. This trend was accompanied by a tremendous rise in the export share from 0. 2% in 1980 to over 80% in 1998 (WTO, 2002 and figure 1). With a value of about 4 billion US$, the RMG industry has clearly become the dominant source for Bangladesh’s export earnings. Figure 1: Textile imports and RMG exports of Bangladesh Source: GTAP v5_1. However, Bangladesh’s RMG sector is characterized by some unfavourable circumstances: the sector highly depends on imported fabrics. In 115 out of 127 categories of fabrics the share of imports exceeds 70% (CPD, 1999). Figure 1 shows that over the years about half the export earnings were spent on textile imports. Since natural conditions in Bangladesh hardly allow for a huge expansion of cotton production, this problem will continue in the future. Additionally, the added value in the apparel sector is quite low. The sourcing of textiles for the Bangladesh RMG industry has changed dramatically over the last 20 years, as can be seen from figure 2. In the 1980s, the dominant suppliers were the high-income Asian countries, led by Japan with an import share of more than 40%, and followed by Korea with a share of about 10%. Until the mid 1990s, Korea had taken over the position of Japan as the leading source for textile imports, with a share of around 30%. Since then, India has expanded its textile imports into Bangladesh, and more recently China has started to assume an increasing importance. By 1998, 35% of textile imports were sourced from China and about 20% from India. Figure 2: Composition of textile imports of Bangladesh [pic] Source: GTAP v5_1. Note: Last figures for India are 1997 data. Figure 3: Bangladesh exports of clothing to USA and EU 1980-1998 (in billion US$) [pic] Source: GTAP v5_1. Bangladesh’s RMG sector is concentrated both in regards to export products and export markets: the concentration of products is much higher than for India and China, two important competitors on international markets, while 90% of Bangladesh RMG exports are going to two markets, the EU and the USA (see figure 3). The main policy framework is given by the WTO’s Agreement on Textiles and Clothing (ATC) which follows the former Multifibre Arrangement (MFA). By 2005, the sector is to be fully integrated into GATT rules and existing quotas currently hampering trade will come to an end. Bangladesh faces quota in two markets, the USA and Canada. Due to the Generalised System of Preference (GPS) the important EU market provides no quota restrictions for Bangladesh’s textile and clothing products. With respect to other competitors on this market like India and Sri Lanka this presents a comparative advantage. Nevertheless, some restrictions resulting from the Rules of Origin also apply for imports from Bangladesh. In the near future, the EU market for textile and clothing will not only be affected by changes in the ATC agreement, but by bilateral agreements connected to further enlargement processes of the EU as well as developments with regard to the EU? s specific regional preferences. This will particularly influence the market access of the Central and Eastern European countries and Turkey. In general, the abolition of textiles and clothing quotas will initiate an expanded worldwide trade and production in now discriminated regions. This of course will lead to country specific effects depending on regional idiosyncrasies. Concerning Bangladesh existing import tariffs for textiles, strongly supported by local textile producers, hinder the current RMG production in Bangladesh. In the recent past the pure existence as well as the rate of these tariffs has been under heavy discussion in Bangladesh (e. g. The Independent, 2002). Therefore, we will discuss how different future policy developments may affect the RMG sector of Bangladesh. This includes the changes in the global ATC agreement, further developments on the huge import market EU as well as changes in the national tariff regime of Bangladesh. DATA and SIMULATIONS The analysis was done using the comparative static general equilibrium model GTAP. Since the GTAP framework is well known and documented (see Hertel, 1997 and http://www. gtap. agecon. purdue. edu), we will not elaborate on its theoretical background here. However, it is important to note that import barriers resulting from the ATC agreement are calculated into tariff equivalents (see Francois & Spinanger, 2002 and table 2). For the experiments the GTAP database version 5. 1 was used, which contains 66 countries and 57 sectors. The selected aggregation can be obtained from 1. Table 1: Aggregation of GTAP database version 5_1 |Regions |Sectors | |Bangladesh |Rice paddy rice, processed rice | |China |Other Grains wheat, cereal grains | |(incl. HongKong) |Fibres plant-based fibres | |India |OthCrop oilseeds, sugar crops, other crops, vegetables, fruits and nuts | |High-income Asia (HincAsia) |Ofood raw milk, cattle, sheep, goats & horses, other animal products, vegetable oils and fats, | |Other Asia (OthAsia) |dairy products, bovine cattle, sheep & goat meat products, other meat products, wool, silk-worm | |USA |cocoons, beverages and tobacco products, food products | |Canada (CAN) |Extract fishing, forestry, coal, oil, minerals, gas | |Mexico & Central America |Tex textiles | |(CentrAm) |Wap wearing apparel | |European Union (EU) |Lea leather products | |Turkey |LabintMan motor vehicles & parts, chemicals, wood products, paper products, publishing, | |Central and Eastern Europe |petroleum, coal products, mineral roducts, metals, metal products, | |(CEEC) |CapIntMan transport equipment, electronic equipment, machinery & equipment, ferrous metals, other| |Rest of the World (ROW) |manufactures | | |Svces electricity, con struction, gas manufacture, trade, transport, distribution, water, | | |communication, financial services, insurance, business recreational services, public | | |administration & defence, education, health, dwellings | If exports are constrained under the MFA export quota regime, there are lower exports and higher prices than in a free-trade situation. The effects of this constraint can be measured in terms of an implicit export tax or tariff equivalent of the quota rent. Table 2 presents such estimates (from the GTAP v5_1 database) for the wearing apparel industry. [1] The table indicates that the Multi-Fibre-Agreement for wearing apparel is less restrictive for Bangladesh than it is for its main competitors China and India. Table 2: Ready made garments MFA export tax equivalent (million US$, 1997 and as % of domestic market value of exporting region)* ( from ( to |USA |Canada |EU |All |Total | | | | | |other countries | | |Bangladesh |103 |5 |80 |2 |190 | | |9% |9% |8% |5% |8% | | China (incl. HongKong) |1974 |166 |848 |72 |3059 | | |31% |34% |14% |2% |10% | |India |460 |46 |290 |12 |807 | | |52% |52% |18% |2% |24% | |High-income Asia |68 |4 |2 |0 |74 | |2% |2% |0% |0% |1% | |Other Asia |563 |29 |281 |8 |880 | | |10% |10% |7% |1% |7% | |Mexico & Central America |277 |3 |7 |0 |287 | | |3% |4% |5% |0% |3% | |Turkey |24 |1 |0 |0 |25 | | |5% |5% |0% |0% |1% | |Central and Eastern Europe |12 |1 |0 |0 |13 | | |5% |5% |0% |0% |0% | |All other countries |83 |3 |34 |1 |121 | | |2% |3% |0% |0% |1% | |Total |3563 |257 |1542 |94 |5457 | Source: GTAP v5_1. * Not all countries are facing quotas on each export market. The tariff equivalents described here result from the estimation of rents and thus include not only direct but also indirect effects originating from the ATC agreement. The estimated value of the export tax equivalent for Bangladesh is 190 million US$ in 1997, which amounts to 8% of the domestic value of total RMG exports. Exports to the North American markets from China and India apparently face higher quota restrictions, as the estimated ad-valorem tariff equivalent of the quota shows. For example, Indian exports to the USA would be more than 50% cheaper without the quota. The current RMG production in Bangladesh is affected not only by export measures but also by existing import tariffs. Although the country has xperienced some liberalization in the recent past, tariffs for intermediate inputs and especially textiles are high compared to other products entering Bangladesh (see table 3). In international comparison Bangladesh levies relatively high import taxes on its textile impor ts (table 4). Tariffs of more than 30% of the import value are not uncommon. On (trade-weighted) average, textile imports into Bangladesh face a tariff equivalent of 29%, which is three times as high as the world average. According to the GTAP database, the tariffs on textiles have contributed approximately 420 million US$ to tax revenues in Bangladesh. Table 3: Average import-weighed tariff in Bangladesh, fiscal year 1991-99 Import categories |1991 |1995 |1999 | |Intermediate inputs |24. 1 |26. 3 |21. 5 | |Capital goods |18. 7 |12. 5 |8. 57 | |Final consumer goods |47. 3 |26. 4 |11. 2 | |All imports |24. 1 |20. 8 |14. 68 | Source: WTO (2002) after NBR. Table 4: Ad valorem tariff equivalent for textiles (in %) |( from ( to |Bangladesh |Average all import destinations | |Bangladesh |n. a. |11 | |China (incl. HongKong) |36 |12 | |India |10 |10 | |High-income Asia |33 |18 | |Other Asia |20 |11 | |USA |32 |8 | |Canada |n. a. |2 | |Mexico & Central America |n. a. |8 |European Union |32 |5 | |Turkey |n. a. |12 | |Central and Eastern Europe |n. a. |10 | |Rest of the World |34 |10 | |Total |29 |10 | Note:Calculated from value of imports at domestic market prices over value of imports c. i. f. , GTAP v. 5_1. n. a. : not available or import flow negligible. Since the RMG sector of Bangladesh is restricted on the export side as well as on the imports the simulations analyzed in this paper include two experiments. Experiment 1 (EXP 1) focuses on the export market. It simulates firstly a complete phase-out of the ATC agreement and secondly specific relevant developments on the EU market such as the Eastern Enlargement and a preferential agreement with Turkey. Experiment 2 (EXP 2) additionally describes a reduction of import tariffs in the textile sector of Bangladesh by 20%. RESULTS Experiment 1: ABOLITION OF MFA QUOTAS What can be expected for Bangladesh if all quota restrictions on textiles and garments trade are abolished by December 31st, 2004, as foreseen in the ATC? The main competitors of Bangladesh’s RMG sector, located in India and China, are relatively more restricted by the ATC agreement than Bangladesh’s producers. On the North American markets, Mexico and Central American countries have increased their market positions over Bangladesh as a result of closer regional integration in the Americas. On the European markets, exports from Turkey and Central and Eastern European countries are competing with exports from Bangladesh. The Eastern enlargement and trade preferences for Turkey imply that the GSP (and Everything but Arms, EBA) preferences supporting Bangladesh on the EU market are losing their importance. In order to capture the latter issue we incorporated the enlargement of the EU as well as zero-tariff access to the EU for Turkish producers in our simulation. Table 5: The MFA abolition experiment | |(1) |(2) |(3) |(4) | | |Average export |Export volumes |Share world export |Share world export | | |price | |volumes 1997 |volumes post-MFA | |Bangladesh |-7% |0% |2% |2% | |China (incl. HongKong) |-11% |60% |24% |33% | |India |-21% |267% |3% |10% | |High-income Asia |-1% |-28% |5% |3% | |Other Asia |-6% |1% |10% |9% | |Mexico & Central America |-4% |-42% |7% |3% | |Turkey |1% |40% |3% |4% | |Central and Eastern Europe |1% |70% |5% |7% | Table 5 summarizes the effects of a MFA phase out on the RMG world market. Obviously, the highly quota constrained exporters from India and China are able to dramatically expand their exports. In the case of China, the model predicts a 60% increase in export volumes. However, exporters now face a price that is on average 11% lower. [2] For India the picture is even more impressive, as exports are simulated to expand by more than 260%, albeit at 20% lower prices. Bangladesh is simulated to maintain its export volumes, but would face a 7% lower price. Columns (3) and (4) in the table compare current world market shares in RMG with post-MFA shares. Clearly, China and India are increasing their world market shares. Table 6: MFA phase out: Effects on main markets, change in export volumes by source and destination (percentage change relative to base 1997) |( from ( to |USA |Canada |EU |of which EU preference | | | | | |effect | |Bangladesh |-21 |-33 |26 |-12 | |China (incl. HongKong) |199 |194 |67 |-19 | |India |752 |632 |80 |-19 | |High-income Asia |-51 |-59 |-30 |-12 | |Other Asia |-13 |-25 |23 |-16 | |Mexico & Central America |-44 |-50 |15 |-16 | |Turkey |-45 |-53 |72 |96 | |Central and Eastern Europe |-43 |-51 |81 |106 | Table 6 focuses on the main export markets. Obviously, Bangladesh is losing ground in North American markets, where China and India are out-competing all other suppliers, including Mexico and Central America. Only on the European market does Bangladesh have positive growth rates. The granting of preferences to suppliers from CEEC countries and from Turkey enables those regions to double their sales volumes to the EU, which leads to a diversion of imports from all other sources. Experiment 2: LOWER TEXTILE TARIFFS IN BANGLADESH. The phase-out of the MFA is an external event that Bangladesh producers and policymakers will have to deal with in some way, but on which they have little influence. In contrast, there are also a number of national policy instruments available that Bangladesh could use to further its RMG industry. One of these instruments is the lowering of import taxes on textiles. It has been seen in section 2 that import barriers on textiles – a vital input in RMG – are relatively high in Bangladesh. The tariffs lead to an average increase of the price of imported textiles by about 30%. Clearly, a lower tariff would reduce the cost of imported textiles to the Bangladesh RMG industry, and this will decrease production costs in the RMG sector. Table 7 reports the effects on RMG and textiles output in case of a unilateral 20% lowering of all import tariffs on textiles (i. e. rom average 29% to average 23%, but with variation according to source region). Table 7: Output changes in Bangladesh, percent changes relative to base | |MFA phase out |lower textile tariffs |MFA phase out + lower | | | | |textile tariffs | |Fibres |5. 1 |-0. 8 |4. 3 | |Textile s |6. 6 |-0. 7 |6. 0 | |Wearing apparel |0. 2 |7. 3 |7. 6 | Table 8: Decomposition of export growth effects Indicator | | |import price textiles |-4. 5% | |price domestic textiles |-0. 2% | |share of imports |0. 3% | |composite price textiles |-1. 5% | |average price other inputs |0. 5% |cost share textiles |0. 7% | |supply price RMG |-0. 9% | |elasticity of substitution domestic/foreign WAP at the importer side |8. 8 | |change in exports |7. 9% | While expansion of RMG production and exports under the MFA phase-out is rather limited, the unilateral reduction of textile import tariffs has notable positive effects on output and trade. In fact, the 20% tariff cut results in a simulated RMG output growth of more than 7%. Not surprisingly, this output effect turns out to be mainly export driven. The lower price for imported textiles in the wake of the tariff reduction drives down the price for textiles that the RMG industry in Bangladesh uses. Table 8 summarizes the important effects. The 4. 5% lower price for imported textiles is combined with a very slight drop of domestic textile prices to yield a drop of the composite textiles price by -1. 5%. Given the large 70% cost share of textiles in RMG production, the supply price of RMG products can drop by -0. 9%. This drop is sufficient to lead importers to substitute towards Bangladesh RMG products. The GTAP model has an Armington import structure with an elasticity of substitution between domestic and foreign RMG varieties equal to 8. for all importers such that the substitution effect alone results in an almost 8% rise of Bangladesh RMG exports. Since Bangladesh is a small player on global RMG markets (market share around 1%), global import levels are not affected by Bangladesh’s cheaper supplies. The conclusion from this exercise is that lowering tariffs on textile imports does indeed boost the competitiveness of the Bangladesh RMG industry. At the same time, the domestic textiles industry experiences some competition from abroad, resulting in lower domestic textile prices and a slight drop in output, but this is more than compensated by increased export earnings in the RMG industry. Figure 4: Welfare effects (equivalent variation, million 1997 US$) [pic] The equivalent variation welfare indicator in Figure 4 provides a summary of effects on the total economy. According to this welfare measure, the main beneficiary of the MFA phase-out is the USA. The importing regions Canada and the EU also benefit, as do India, China and Central and Eastern Europe and Turkey. The latter two regions mainly due to the EU-preference effect. This picture makes clear why not all countries always support the abolition of the MFA. For Bangladesh a slight negative welfare effect of the MFA phase can be observed. The unilateral reduction of textiles tariffs somewhat improves this outcome, but is insufficient to tip the balance. Table 9: Welfare analysis: allocative and terms-of-trade effects, million US$ |MFA phase out |MFA phase out and lower Bangladesh | | | |textile tariffs | | |allocative |terms-of-trade |allocative effects|terms-of-trade | | |effects |effects | |effects | |Bangladesh |-11 |-180 |52 |-338 | |China |3108 |-4676 |3107 |-2715 | |India |2063 |-1806 |2061 |-393 | |High-income Asia |-131 |-168 |-131 |-501 | |Other Asia |74 |-853 |73 |-1348 | |USA |1765 |6350 |1767 |5127 | |Canada |421 |423 |422 |390 | |Mexico & Central America |-211 |-217 |-211 |-1178 | |European Union |707 |50 |716 |16 | |Turkey |163 72 |162 |659 | |Central and Eastern Europe |438 |96 |437 |1286 | |ROW |-387 |-62 |-387 |-981 | Table 9 explains the reason for this negative outcome. The terms of trade for Bangladesh – and indeed for all the quota-restricted exporters – are negatively affected as world prices for garments drop. In contrast to, for example, India, the terms-of trade loss is not compensated by allocative gains in Bangladesh. Closer inspection of the underlying data shows that the negative allocative result in the MFA phase-out scenario is mainly due to the expansion of the domestic textiles industry which is currently subsidized. Expansion of a subsidized activity receives a negative welfare evaluation, because it pulls resources into an activity that could be more effectively used elsewhere in the economy. With lower textiles tariffs, the domestic textiles industry shrinks somewhat and the negative allocative effect is turned in to an allocative gain, as less subsidization is required. CONCLUSIONS The phase out of the MFA changes global patterns of trade. India and China are the biggest winners in terms of output and export growth. In terms of welfare, the importing countries gain most, as the import prices drop. At the same time, this means terms of trade loss for exporters. Bangladesh can only mildly benefit from the MFA phase-out, and loses ground on North American markets. Since the EU grants preferences to CEECs and Turkey, Bangladesh exporters face increasing competition on the EU market. On balance output volumes are expected to be unchanged from Bangladesh, implying a drop in market share in the expanding RMG market. A counteracting policy option for Bangladesh is the unilateral lowering of import tariffs on textiles. This reduces costs to the RMG industry and improves exports through lower supply prices. Macro-economically, increased export revenues easily compensate the loss in tariff revenues. Reference: Source: Office of Textiles and Apparel, United States Department of Commerce. Abbreviations: MMF: man-made fibre; S/V: silk and vegetable; MB: man and boy; WG: woman and girl. ———————– [1]

Hedda Gabler Response Questions

Why is Head so cruel to other females in the play? Does she treat women differently from men? * I think Head is so cruel to other females because she wishes she was them. She wishes she had the life and the relationships they have with other men. She wants the attention that she believes that other women get. Head is so similar to Regina George, a character in the movie Mean Girls. Regina George loved all the attention and love from everyone but it still wasn't enough.The moment others darted to get the attention that she felt was hers, she wasn't happy. She did whatever it took to get attention back on her. No matter how drastic. Do you think Head is pregnant? * I think Head is pregnant for several reasons. One reason Is her hatefulness and the increase of her hatefulness. Pregnant women are often hormonal and In pain, thus making them hateful most of the time. Head is constantly hateful and a pregnancy would explain everything. Another reason is when she burned the manuscript; it w as like burning George's baby.I feel like In Head's mind, burning the manuscript symbolizes what she would like to do with an actually child because she probably hates children as much as she secretly hates herself. The final thing that makes me wonder if Head Is pregnant Is the fact that she kills herself. If we go with the assumption that she hates children, why would she put herself through the pain and body changes that she would have to go through to birth a child she doesn't even want? So killing herself would get rid of the child as well as end her life so she doesn't have to live with her poor decision.

Importance of National Income Essay Example

Importance of National Income Essay Example Importance of National Income Essay Importance of National Income Essay A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), net national income (NNI), and adjusted national income (NNI* adjusted for natural resource depletion). All are specially concerned with counting the total amount of goods and services produced within some boundary. The boundary is usually defined by geography or citizenship, and may also restrict the goods and services that are counted. For instance, some measures count only goods and services that are exchanged for money, excluding bartered goods, while other measures may attempt to include bartered goods by imputing monetary values to them. National accounts Main article: National accounts Arriving at a figure for the total production of goods and services in a large region like a country entails a large amount of data-collection and calculation. Although some attempts were made to estimate national incomes as long ago as the 17th century,[2] the systematic keeping of national accounts, of which these figures are a part, only began in the 1930s, in the United States and some European countries. The impetus for that major statistical effort was the Great Depression and the rise of Keynesian economics, which prescribed a greater role for the government in managing an economy, and made it necessary for governments to obtain accurate information so that their interventions into the economy could proceed as well-informed as possible. [edit]Market value Main article: Market value In order to count a good or service, it is necessary to assign value to it. The value that the measures of national income and output assign to a good or service is its market value – the price it fetches when bought or sold. The actual usefulness of a product (its use-value) is not measured – assuming the use-value to be any different from i ts market value. Three strategies have been used to obtain the market values of all the goods and services produced: the product (or output) method, the expenditure method, nd the income method. The product method looks at the economy on an industry-by-industry basis. The total output of the economy is the sum of the outputs of every industry. However, since an output of one industry may be used by another industry and become part of the output of that second industry, to avoid counting the item twice we use not the value output by each industry, but the value-added; that is, the difference between the value of what it puts out and what it takes in. The total value produced by the economy is the sum of the values-added by every industry. The expenditure method is based on the idea that all products are bought by somebody or some organisation. Therefore we sum up the total amount of money people and organisations spend in buying things. This amount must equal the value of everything produced. Usually expenditures by private individuals, expenditures by businesses, and expenditures by government are calculated separately and then summed to give the total expenditure. Also, a correction term must be introduced to account for imports and exports outside the boundary. The income method works by summing the incomes of all producers within the boundary. Since what they are paid is just the market value of their product, their total income must be the total value of the product. Wages, proprieters incomes, and corporate profits are the major subdivisions of income. [edit]The output approach The output approach focuses on finding the total output of a nation by directly finding the total value of all goods and services a nation produces. Because of the complication of the multiple stages in the production of a good or service, only the final value of a good or service is included in the total output. This avoids an issue often called double counting, wherein the total value of a good is included several times in national output, by counting it repeatedly in several stages of production. In the example of meat production, the value of the good from the farm may be $10, then $30 from the butchers, and then $60 from the supermarket. The value that should be included in final national output should be $60, not the sum of all those numbers, $90. The values added at each stage of production over the previous stage are respectively $10, $20, and $30. Their sum gives an alternative way of calculating the value of final output. Formulae: GDP(gross domestic product) at market price = value of output in an economy in the particular year intermediate consumption NNP at factor cost = GDP at market price depreciation + NFIA (net factor income from abroad) net indirect taxes[3] [edit]The income approach The income approach equates the total output of a nation to the total factor income received by residents or citizens of the nation. The main types of factor income are: Employee compensation (cost of fringe benefits, including unemployment, health, and retirement benefits); Interest received net of interest paid; Rental income (mainly for the use of real estate) net of expenses of landlords; Royalties paid for the use of intellectual property and extractable natural resources. All remaining value added generated by firms is called the residual or profit. If a firm has stockholders, they own the residual, some of which they receive as dividends. Profit includes the income of the entrepreneur the businessman who combines factor inputs to produce a good or service.

What Is a High School Exit Exam How Do You Pass

What Is a High School Exit Exam How Do You Pass SAT / ACT Prep Online Guides and Tips Many states use high school exit exams as a means of maintaining graduation standards across public high schools. In these states, exitexams are required for all public school students, and you must pass them to earn your high school diploma. It may sound scary, but they're really not all that bad. In this article, I'll go into detail on what exit exams are, what they're like, and how to make sure you pass! What Is a High School Exit Exam? A high school exit exam is a test that you must pass to receive your high school diploma.These exams typically includea math section as well as an English language arts section that incorporates reading and writing skills.Some include science and social studies sections as well.Sometimes states have a series of standardized exams administered throughout high school rather than just one.These are often called â€Å"end-of-course exams† because students are required to take them upon completion of specific high school courses in various core subjects. There are some states that require students to pass a set of end-of-course exams in addition to a comprehensive exit exam. Exit exams are popular because they provide proof that a state's high school students are meeting basic educational standards. On a school-by-school basis, they are also sources of information about the quality of education at different high schools. Exit exam results can inform educational policy decisions at the state and national level. Of course, there are those who dispute the merits of exit exams, arguing that they impose unnecessary stress on students and are essentially meaningless assessments. These detractors might make some good points about the dangers of placing too much value on exit exams, but most students still have to come to terms with the realities of testing requirements. Twenty-four states administered exit exams for the Class of 2014, but policies change from year to year.Some of these states plan on eliminating their exit exam requirements (like California, which recently suspended its administration of exit exams), whileother states plan on adding exit exams to their educational policy in the next couple of years.With the recent implementation of new Common Core Standards, there are lots of changes happening with these tests.Many states are moving towards making exit examsmore challenging to align with new curriculum benchmarks. Alas, the sun has set on the California high school exit exam (or CAHSEE). How Do Most States Administer These Exams? Each state has its own assessment system, and tests may be administered earlier or later in high school depending on the state.As an example, Texas requires students to pass two types of exit exams. The first is the Texas Assessment of Knowledge and Skills (TAKS), taken in 11th grade. There is alsothe State of Texas Assessments of Academic Readiness (STAAR), which is a set of end-of-course exams taken at various times depending on when a student finishes a course.The TAKS has sections testing language arts, math, science and social studies.The STAAR includes tests in the following subjects: English 1, 2, and 3; Algebra 1, Geometry, and Algebra 2; Biology, Chemistry, and Physics; World History, US History, and World Geography. Another example is Massachusetts, which has fewer requirements than Texas.Students are expected to pass the Massachusetts Comprehensive Assessment System (MCAS) test in English language arts and math in 10th grade.Students are also required to take one end-of-course exam in biology, chemistry, introductory physics, or technology/engineering in either 9th or 10th grade.Most of these states have basic exit exams that cover math and language arts, but many of them also add end-of-course exams in other core subjects as requirements for students.I’ll discuss general exit exams in the next section (math, reading, and writing tests) that are common across all of these states. Lovely Boston, Massachusetts, proud home of the MCAS (and PrepScholar). Is It Hard to Pass an Exit Exam? Typically, high school exit exams are not very demanding tests.In most states, 80-90% of all students pass these exams.In one analysis of exit exams in Florida, Maryland, Massachusetts, New Jersey, Ohio, and Texas, it was found that the tests mostly covered material in math and language arts that students should have learned in 7th through 9th grade.Passing cutoffs are also very forgiving. You shouldn’t worry too much about your state's testif you’ve been doing well in high school.Unless you’re in the lowest 5-10% of students in your class GPA-wise, it’s highly unlikely that you will fail your exit exam. I’ll give a quick overview of what the material is like and why an exit exam isrelatively easy to pass. For math, you’ll need to know basic algebra and geometry.Most of the questions on the math sections of these tests ask you to perform a certain operation rather than challenging you to develop your own mathematical model to solve a problem.This can vary slightly across states, but, in general, the math skills required to pass are not at the more advanced level that many students reach by the end of high school. For the reading components of these exams, the focus is on basic reading comprehension, including the understanding of main ideas, vocabulary, and details in a passage. Exit exams tend tohave very few questions that require deep analysis (which is troubling considering how important this skill is for college!).For the most part, questions test lower-level reading skills like making basic inferences and recalling information from the passages.Passages typically consist of both literary and informational texts that are written at an accessible level for the majority of high school students. In the study mentioned above, across the different states, the difficulty of reading material on exit exams was roughly equivalent to that of the material on the ACT’s assessment for 8th and 9th graders.Some of it was at the same level as the 10th grade ACT assessment, but none of the questions were on par with the material tested on the real ACT. Separate writing sections are also a component of exit exams in certain states.Some states choose to assess writing skills purely by giving students an essay prompt and grading them on their responses.Many also include multiple choice questions that test basic skills in grammar and sentence structure alongside the essay requirement. Exit exams can be a hassle, but they shouldn’t stress you out if you’re doing all right in your classes.They are far less challenging than standardized tests like the SAT and ACT, and the passing cutoffs are generous. Much more generous than these cutoffs, I'll tell ya that much. What Happens If I Don’t Pass My Exit Exam? Different states have different policies for students who fail these exams.Sometimes, students are allowed to submit high school â€Å"portfolios† of their work in place of a passing score on the exam.In the majority of states, remedial instruction is offered to students who fail the exams along with retesting opportunities.Remedial classes may be held during the school day or in the summer.In most cases, students will have up to four chances to retake the test. If you're curious about the options you have if you fail your exit exam, ask a guidance counselor or teacher how your school handles these situations. How Can I Make Sure That I Pass My Exit Exam? The best way to ensure a passing score on your exit exam is to stay on top of things in your core high school classes.If you’re performing at an average level or higher (B average or greater) you should have absolutely no problem passing the exam without any preparation. If you’re worried that you’ve forgotten some of the skills that will be tested, you can always go back and review material from previous classes. For example, you might want to revisit certain algebra and geometry concepts that you learned earlier in high school.You could look over common geometrical terms and formulassince questions about how to find angle measurements within triangles and how to calculate the distance between two points (the distance formula) are common.Topics in algebra such as the properties of exponents, factoring, and properties of functions also show up on these tests. You can take a high school exit exam practice test anddo practice questions online for most of the state assessments. Ask a teacher or academic advisor for information on practice materials for your state assessment.This will help you to get a better sense of what the tests are like and how worried you should be about them.If you’re concerned about the reading and writing sections, you could try writing a practice essay based on an old prompt and doing official practice reading questions.This will help you get more familiar with the types of passages that are on the test and know how tostructure your workflow for the essay. You can practice reading the passages more efficiently if you tend to run out of time, but keep in mind that you don’t need to earn a perfect score.Unless the questions make you feel completely lost, you will probably pass your state's exit exam! As long as you have a basic sense of direction, you won't get lost. What's Next? Already thinking about your college prospects? Find out which year of high school is most important to colleges in the application process. If you're concerned about your current GPA, read my strategy guide for some pointers on how to improve. If you're working on figuring out your schedule, read this article for some advice on which high school classes you should take. Want to improve your SAT score by 240 points or your ACT score by 4 points?We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:

A Tale of Two Cities Character Carton Analysis Essay Example for Free

A Tale of Two Cities Character Carton Analysis Essay Character (1309) , Charles Dickens (378) , A Tale of Two Cities (24) , Sydney Carton (12) , Charles Darnay (9) , Lucie Manette (7) company About StudyMoose Contact Careers Help Center Donate a Paper Legal Terms & Conditions Privacy Policy Complaints ? In the novel, A Tale of Two Cities, Sydney Carton’s character went through a series of decisions that affected the outcome of the novel. Sydney Carton looks almost looks exactly the same as Charles Darnay, but the main difference, was that Darnay was sober a majority of the time, and he cared and worked for his life. Lucie, the love of Carton’s life, had fallen in love with Darnay. After Carton realized that Lucie would have picked him if he hadn’t been so slavish and drunk a majority of the time, he decided to change. He knew he had already lost Lucie, but he thought that maybe he could still use the rest of his life for the better. His decision to change was not state out right, but the events in the novel, led the reader to the conclusion, that he turned around his life for Lucie. At the beginning of the novel, when Carton is first introduced, he is sitting in the courtroom staring at the ceiling. The author made it seem like Carton did not care what was going on in the courtroom, but later the reader discovers that Carton was listening to the case the entire time. Carton had heard a flaw in the prosecutor’s plan, and he gave a note to Stryver, resulting in an acquittal, which Stryver had received full credit. As the reader continues reading, it is later discovered that Carton is the hand guiding Stryver, while Stryver is just the image. Carton never did anything for himself; because he was too busy helping others. Later in the novel, Carton planned an almost full proof plan to help Charles Darnay. Even though he had made the decision to change, and think out a plan, he never lost the characteristic of putting others before himself. Although he took the place of the Darnay, before his death, he took it for Lucie. As Carton’s character is slowly unfolded throughout the second book, the reader can conclude that Carton dislikes Darnay. Carton dislikes Darnay, because Darnay is the constant reminder to Carton of what he could have been like, if he had not made bad choices in law school and made good choices in general. Whenever Carton came over to the Manette’s home, and was in the presence of Darnay, he was even more quiet then usual. However, when he decided to turn his life around, he buried his hatred for Darnay, and treated him with respect. Even with this decision, carton could not have Lucie, but she accepted him as part of her own family, and he was content with that. At the end of the novel, Carton takes time to plan out a five-step plan to save Darnay, and ends up sacrificing himself for a man he use to hate. Part of Carton’s old personality, was that he always wore his emotions on his sleeve. He thought he was useless and he lacked self-esteem. This was shown throughout the beginning of the book, for he was a drunk resembling his worthless life. He didn’t speak in the conversation unless it was a topic that he truly cared for. Right before his change, he professed his love to Lucie. After his change, he learned to hide his emotions. Although he may not like Darnay, he kept those feelings to himself. He stayed mysterious in Book III, in order for his plan to be successful and his appearance to be surprising. The character, Sydney Carton, was given a second chance as their life was resurrected. Lucie Manette is responsible for the resurrection of Sydney Carton, for she was the inspiration that got Sydney Carton off his feet. Carton twice saves Charles Darnay even though he disliked him. Carton described himself as a wasted creature but Lucy explained that she had faith in him and that he was capable of doing better things. He ended up promising that he would do anything for her, sacrificing his life for Charles Darnay. By hiding his emotions, he was able to carry out a plan without anyone attempting to stop him. Carton strived to become a better person and change his life around because Lucie believed in him. Because of the change in Carton, Darnay’s life is spared and Carton dies with dignity, knowing his life was not a waste. A Tale of Two Cities Character Carton Analysis. (2017, Feb 21).

Passenger Load Factor Research Paper Example | Topics and Well Written Essays - 1500 words

Passenger Load Factor - Research Paper Example All the companies that exist and are stable, have this kind of management for it makes a company or an organization’s operations to work within the expected lines. Without this kind of operation, the company or organization cannot make any step both economically and financially. Operation management is also important in other fields a part from companies and organizations. This therefore makes it a global matter hence referred to as global operation. Operation caters for the risks and success made by the company. Just like any other moving machine with an engine, various organizations believe in operational management for it propels the company toward the desirable direction. At times this kind of operation can lead an organization or company to a path that is full of risks and this may be due to poor management by various unskilled personnel. Global operation forms the basis for all other operations that exist within any kind of management Global operations serve an important role to various running institutions in the world. It organizes, coordinates and controls the steps made by an organization or company towards any kind of direction. This is to ensure that the company arrives at ideal decisions and all its programs are set in a manner that can lead to success. As a global operation, every organization or service rendering company, must always do their best in ensuring good operations are conducted within their companies or organizations so as to meet some of their set goals and targets The main purpose of operation management is to convert the unfinished goods of companies into finished commodities or services. The unfinished goods and services mentioned in this paper refer to various human resources, processes and facilities. There are very many things involved in operation management. In various factories, transformation is referred to as the physical change of a commodity from one

Hospitality Industry Management Essay Example | Topics and Well Written Essays - 750 words

Hospitality Industry Management - Essay Example Brief Overview of Pan Pacific Hotel: The Pan Pacific group has 18 premium hotels and resorts all across the world. For last 35 years this group is providing the best service with luxury and comfort of the highest order. The main aim of this group is to do the best for their stakeholders. The Australian branch of the Pan Pacific Hotel was launched on 6th January, 2011 (Pan Pacific Hotels and Resorts, official webpage, 2013). Promotion of The Pan Pacific Hotel, Perth: The pan pacific hotel group is one of the renowned hotel and hospitality management group of the world. The group itself follows a uniform promotional strategy all across the world in different countries wherever they have their branches. Recently they have open a branch in Pert, Australia and there also there promotion of product and service are following the same pattern like the other parts of the world. The key promotional part of their group is distinctive accommodation with high service standards.The emotional value s of the staffs associated with this group also helped them to serve their customers more efficiently. The smile and heartfelt gesture of their staffs for all the visitors can be treated as personal pride that helps to create moments that can be remembered by the visitors throughout their life. By this the group build their brands and meet the needs of the customer (Every Moments Count, Annual report, 2011, 10). The promotional Strategy is entirely based on creating best memorable hotel experiences for the clients, enriching customer experience, internallsing the brand value of encouraging more involvement of the partners and associate, arranging road shows to build more connections with the customer base all over the country. In the year 2012, the pan pacific hotel group launched a new advertising campaign for its Australian portfolio. Source: http://www.pphg.com/pphg_new_advertising.html on 19-09-2013. The tag line of this advertisement was â€Å"Pan Pacific Hotels and Resorts: E mbrace the Pacific†. With this add promotion , the group promised to provide an enriching experience for the refreshment of their guest. The ‘Pan Pacific Perth - A hotel stay like no other’ tagline was used to ensure unique and uncompromised customer service that no other hospitality management group can provide.(Pan Pacific Hotels Group –Press Release, 2012). Partnership of Pan Pacific Hotel, Parth: Pan Pacific hotel, pert to elaborate their business associated themselves with different social and sports activities in the city of Perth, The hotel associated themselves as the major hospitality partners for the Australia’s richest road race in the Southern Hemisphere. (PR Consloe, 2013). This partnership was in view of the companies brand promise of creating meaningful and enriching experience for its customers, staffs and local people. Recommendation of Improvement of Product Price Promotion and Partnership: Jones (1999), in his writing pointed out t he concept of multi-unit management. According to him, this concept will give a new dimension to this continuously changing and growing hospitality management industry. In his study he pointed out towards the theoretical concept of how does these hospitality chains were functioning over the year, and also suggested a new model related to the multi-level hospitality management which clearly based on six activities namely: integration, location, configuration, organization, implementation and adaptation.

Critically evaluate the statement that the objective of portfolio Essay - 1

Critically evaluate the statement that the objective of portfolio investment is to minimise risk with examples, and discuss the differences between systematic and unsystematic risk - Essay Example Unsystematic risk on the other hand is specific to a particular industry and can only b controlled through proper diversification or portfolio management strategy. The following pages describes the two types of risks and critically analyzes the statement that objective of portfolio diversification is to minimize risk. Systematic risks are the macro risk and affect all sectors and all industries in a market (Back, 2010). This risk cannot be minimized by an investor through portfolio diversification. From the company’s view point this risk cannot be controlled by the company. This type of risk is both unavoidable and impossible to predict (An, 2007). Such type of risk is impossible for the company to control. Another type of risk is the unsystematic risk. Systematic risks are the risks that arise due to the influence of external factors that are beyond the control of an organization (Chance and Brooks, 2015). Since these types of risks are beyond the control of an organization so these risks do not affect a particular organization but affects all types of organization that are present in the market. The organization cannot plan in advance for such type of risks. Such types of risks are macro in nature and have its impact across the market spectrum irrespective of the industry or sector types (Fouque and Langsam, 2013). The systematic risks can be of various types and can be further subdivided into Interest rate risks, Purchasing power risk and Market risk. Interest rate risk: Interest rate risk is mainly associated with debt instruments and refers to the variability of interest rates from time to time. Interest rate risks can be further subdivided into price risk and reinvestment rate risk (Gai, 2013). Price risk as the name suggests is the risk that is associated with the probable fall in the price of shares or any other commodity in the future. Reinvestment risk is the risk that is

Book report - Jack Welch - Winning Essay Example | Topics and Well Written Essays - 750 words

Book report - Jack Welch - Winning - Essay Example The first section of the book, Underneath It All, uncovers the essence and reason for the founding and creation of any particular company. A business cannot run without the mission/vision statements but if candidly discussed and shared with every member of the organization, reaping the rewards will become more effective. Welch describes the mission statement as an important tool to set the company values in motion. Without a concrete mission formulated by the upper management, the values which motivate and empower the rest of the hierarchy will be lost (Welch, 2005). Values are the driving force behind the mission and they may not prove to be successful if every employee’s input is not included. This step will only reinforce the mission and hold each member of the company accountable to those values. These tools cannot be used effectively without the beauty of open-mindedness. Welch further suggests that candor is one tool which is never fully used because the more it is used, the more it is needed. Enabling a culture of candor in an organization opens several avenues of communication, ideas and frankness pushing the company into the winning position. After defining the boundaries, the company head needs to manage his group according to the beliefs he has imbibed. With this premise, Welch introduces the second section, Your Company, which discusses the principles of hiring and firing, people and crisis management, change and leadership. Being a first-class leader means following the eight rules of leadership with some examples such as confidence-building for the team, positive energy along with optimism and not to let the position get to your head. Managing Human Resources is what distinguishes the successes of companies. Elevating the HR Manager’s position and importance to that of the company’s CFO is the key to effective people management (Welch, 2005). Using what Welch describes as the 4-E (and 1-P) test for a winning team which

Business Responsibility and Sustainability Essay

Business Responsibility and Sustainability - Essay Example However, research shows that most of the developing and emerging economies trend towards CSR activities. It proved to create a sustainable development because of pressing Environmental and Social Governance (ESG) issues. Compared to developed countries, they have demonstrated to have improved environmental and social management. For this reason, international initiatives came up to help support CSR in SMEs companies in emerging markets. The efforts help the developing companies since they are the motivating force for the evolving market economy (Hopkins, 2007). The other main reason developing countries engage CSR is mainly for defensive and proactive. For the defensive purpose, the country minimizes the probable hostile effects of CSR on the local communities and the environment. On the other hand markets most businesses of the nation through global supply chains and investment. Governments of most of the major middle-income countries such as Russia took most of the initiatives to guarantee that CSR performed targets the country’s economic and social interests (Hopkins, 2007). CSR enhances developmental benefits to the developing country. To start with, it promotes social development and protection of the environment. With encouraging most companies to enact in activities such as waste disposal or planting of trees, the community profits from a healthy and well-maintained environment. On the other hand, the business gains popularity and brand name becomes known rising on the global economic charts (Belal, 2008). CSR improves the relationship between countries, especially in cases where one country is investing in the other country. Both the two countries come up with commercial legislations favoring both the likes of the importer and the exporter. , it helps boost global trade from nation to the nation especially for neighboring countries such as Russia and Belarus (Hickey, 2010). However, negatively, the CSR agenda at some