Employment Law Essay Example | Topics and Well Written Essays - 500 words - 10

Employment Law - Essay Example He complains of unfair elimination of his unused vacation. There was no proper written notice of termination of Tomas employment. The company provided a two-week termination payment in lieu of notice. Tomas promotion to a data entry manager made him work for about 55 hours in a week. This made him eligible for overtime because he worked for more than 44 hours in a week. This is because he was promoted a month after his overtime work that is within three months as stated in the Employment Standards Act of 2000. In Zsoldos v. MMMC Inc. Architects, 2005 CanLII, it the plaintiff signed an agreement with the defendant that was legally binding to both parties. Tomas needs compensation for the time off not taken, in addition to the hours he worked during public holidays. He should get time off for the holidays he worked in addition to the three weeks off as stated in the Employment Standards Act. It was not appropriate to eliminate the unused vacation because it could only be legally binding if there was a proper agreement signed in writing and not an oral agreement. This should be effective within seven days of employment termination. The withdrawal of the health benefits was inappropriate because Tomas was still an employee before the major clients seized to do business with Crowne Company. The company should provide the health benefits for the period stated in the contract agreement with the employee. In case of termination of the health benefits, there must be a written notice to the employee. Tomas termination of employment was inappropriate, as his employment with Crown Company lasted for more than three months. In addition, the employer did not give him a proper written notice informing him of the termination of his employment or a pay for the termination. The termination pay in lieu of notice was inappropriate. This is because in case of employment termination the pay in lieu of notice is effective within seven

Research Assignment Essay on Distributive Bargaining and Mediation

Research Assignment on Distributive Bargaining and Mediation - Essay Example In case of distributive bargaining both the parties try to maximize their gains and minimize the losses. Negotiators in this case try to promote their own-interests so that they do not look weak in the eyes of the other party. The concept of negotiation and bargaining has been found to be important in the works of Chamberlein (1955 cited in Marquis and Huston, 2009) and Stevens (1963 cited in cited in Marquis and Huston, 2009) to name a few. The purpose of this paper is to discuss about distributive bargaining and mediation as aspects of negotiation. It will also discuss the importance of mediation in the decision-making process. The first segment of the paper establishes the concepts of distributive bargaining and mediation and then the integration of both the topics in conflict-resolution. The existing literature points out that there are two main types of negotiation strategies namely distributive bargaining and integrative bargaining. The concept of distributive bargaining is embedded in the zero-sum game of economic theory and has been viewed by researcher in the light of a situation related to division of a pie. The implication a zero-sum game is that that there are mutually exhaustive ways of dividing the outcome (BÃ ¼hring-Uhle, Kirchhoff and Scherer, 2006). The most important aspect of distributive bargaining is that the interests of the agents are correlated in a negative manner where positive outcome of one individual is related to the negative outcome of another. The idea of distributive negotiation had undergone a paradigm shift with the research work conducted by Fisher, Patton and Ury (1991) who had pointed out that distributive bargaining is inferior compared to integrative bargaining and this had led researchers to focus on the later. One of the most c ommon form of distributive bargaining can be found in the labour union where the union members wants to secure

Indias colonial rule

Indias colonial rule Research Questions and Hypothesis The following objectives / research questions will constitute the foundation for the direction and structure of the methodology chapter. What was Indias economy like under colonial rule? What was the post independence economy in India like? What did colonialism did for the Indian economy? What is Indias economy like today and can it sustain growth? These questions will act as a logical guideline with which my dissertation research can begin. Hypothesis: At the end of colonial rule, the newly independent India took on an economy that was ruined, poor and stagnant. However after the 1991 reforms the economy has grown at a rapid rate and has a promising future ahead. I feel that it is due to the instruments that the British put in place that is able to retain economic growth today. Abstract The Indian economy has had a chequered past, from 1858 to 1947 the British ruled India; there are many examples of the colonial rule exploiting India as the British thought, India was the jewel in their crown. When the British left India they left behind an underdeveloped, poor country, as in the 1700 Indias share of the world income was 22.6% and fell to a low of 3.8% in 1952. However the colonial rule did also introduce India to industrialization, it introduced fixed exchange rates, property rights, and a uniform currency. The British built the enormous railway system and improved communication links. Which in turn helped bring India on the path to westernisation. In the 1970s India had an output of just 3% and in the 1980s it started to have problems in with its balance of payments. At this time India was a semi-socialist closed economy, which followed the USSR in its economic policies instead of the free world. India however had to revise their economic policies and come up with a plan that would save the countries economy, as India found that imports were increasing rapidly and exports decreased. In the late 1980 India had a huge fiscal deficit which resulted in a balance of payments crisis of 1991. In 1991 Prime Minister Manmohan Singh was the finance minister in the Narasimha Rao government, he was the chief architect of the new economic policies. He shifted the Indian economy from a semi socialist command to a more open liberal economy. This liberalization in 1991 was a catalyst for future growth in the country. From the initial readings of the literature along with the primary and secondary research, it has showed that there were a number of different factors and views that pushed the Indian economy to grow after colonial rule. The key factors that have drive Indias economic growth from 1947 were, transition to a knowledge based economy, middle class population, the demographic dividend, English speaking people and Investment potential. However constraints to growth are affected by the bad infrastructure, lack of higher education and widespread poverty. Background This dissertation aims to look at how British colonization of India as affected her economy today. Through research it has been found, that India, due to its history was at a handy cap when it came to economic growth. The British rule from 1858 to 1947 drained the wealth of India, the British reasons for colonialism according to Maddison (1971) were purely economic. They saw India as a main component in the in the hierarchy of power, of the world. For many years after India gained its independence in 1947 it was a closed economy, with bad infrastructure and low growth rates. However since the crisis in 1991 India has made social reforms, which has helped it become one of the fasted growing third world countries in the world. It is argued that India has further to go, as does Rajadhyaksha (2006) that India has great potential because of its huge population, its increase in the middle class population, economic liberalization and its relationship with outside world for further economic growth. There is a vast amount of literature that supports that supports my view, because India is such a relevant country today. I chose this as a topic because I feel that India is on the verge of exploding economically. Although India is yet to over take China in terms of in terms of PPP (purchasing power parity), it is still a relatively young country, and in the next 50 years it could take over China. The research for this topic will start of with a general examination of the Indian economy during the colonial rule through the use of secondary sources. Focus will only be emphasized on some aspects of the economy Indian economy because, the state of the economy is such a huge topic to cover in one dissertation. Once an overall knowledge of the topic was gained, it was necessary to analyze the literature, so that a deeper understanding of the Indian economy and look at how the Indian Economy has changed after the instruments of modernization placed upon India by the British. Methodology Research is defined by Saunders et al (2003) as something that people undertake in order to find out things in a systematic way, thereby increasing their knowledge. I will use two different research philosophies, the Interpretivism paradigm, which focuses on the subjective aspects of human activity by focusing on the meaning, rather than the measurement, of social phenomena, (Collis Hussey, 2003), this paradigm will be useful to me due to the qualitative nature of my dissertation. Another research philosophy that I will follow is the Realism paradigm which looks to understand, the existence of an external and objective reality that influences peoples social interpretations and behaviours (Saunders et al 2003). The most important methodologies that I will use for this dissertation are interviews, case studies on India and its economy and questionnaires. I incorporate both quantitative and qualitative data in my research but focusing more on the latter. In addition, I will also use pr imary sources, such as informal interviews, questionnaires and book, and secondary sources, such as government statistics, journals, and newspaper articles. I will also look at the ethical aspect of conducting research for my dissertation, as I will be conducting informal interviews, I will have to be aware of basis. This Literature Review This Literature Review will look at a variety of opinions concerning India economic background during British colonization, post colonization and its future potential in the world stage. This will include a detailed analysis of what pervious well-known authors have written on Indias economic growth, Indian economys, current performance and the potential for further growth; this in turn will lead to a better understanding of the subject and establish a academic foundation for further research based on academic journals, books and magazines. Economy under colonial rule Did the British colonial rule help or hinder Indias economy today? This area of study has spawn countless debates. Many academics highlight the positive role British colonization had on India, from supporting capital movements and trade (Furguson: 2002) to amalgamating administration and securing peace (Lal: 2004). However other academics take an opposite stance on the subject and suggest that the British exploited India and drained her of her wealth (Bagchi: 2002). The British had many reasons for colonial rule of India according to Paul Halsall (Internet modern history source book), the reasons included security, trade and the cause of humanity. However Maddison argues in his book Class structure and Economic Growth that Britons motive for colonisation was simply economic, they wanted to achieve a monopolistic trading position (Maddison: 1971: 35). The British mission was to explore all territories, in hope of opportunities that ensured them economic power. Maddison justifies this claim through researching the economic and social impact of colonial rule; he found that the colonial rule brought slight change to the life of the general population, there were no major changes in village society and education efforts only assisted the upper class. Stein on the other hand argues in his book The History of India that the British did do their share to improve the economy and sustain development. They helped improve the infrastructure of the country and introduced which boosted Indias export industry. Although the view of imperialist is that colonialism produce a modern state. Tirthankar Roy in Economic History and Modern India: Redefining the Link, suggest that it came at a cost (Roy: 2007: 109). The Indian economy suffered under the British rule because of the exploitation by foreign capital and noninterventionist stance of the Indian government (Roy: 2007: 109). Indian Economy The Indian economy is slowly taking hold of, the worlds attention with its extraordinary economic performance Bureau (2009) sees India as a Caiged Tiger, which is growing at a slower rate than Chinas economy, but nonetheless is growing at a rapid speed. The growth in Indias economy is due to India having a very successful IT service industry and the large amount of speaking young demographic. India is walking away from the reputation it had in the 1950s, as the leader of the third world to a potential future leader of the world (Charlie Rose Interview: 2006). Rajadhyaksha (2006) wrote The Rise of India, in which he thinks Indias economy have further potential for growth. He analysis the new changes in Indian policy, consumer behaviour, demography, and financial markets. According to Rajadhyaksha (2006) these significant changes will aid Indias economic growth as it embarks on a journey to contend with other countries. Economic Development: History On the eve of the industrial revolution India was the second largest economy in the world, contributing more than 20% of total world output. By the 1970s after two centuries of relative economic stagnation, that share had fallen to 3%, the lowest in its recorded history (Poddar and Yi: 2007: 4). Poddar and Yi (2007), argues that this was a post-industrial economic decline and an effect of historical aberration, driven by a lack of openness and forward thinking (Poddar and Yi: 2007: 4) due to Jawaharlal Nehru favoring a Fabian socialist society rather than the present neo liberal. India was described to follow the Hindu rate of growth after the Independence in 1947, this was because of the decades of low rate of growth, due to the reforms undertaken by the Congress government in 1980s resulted in growth which was fragile and sporadic and finally ended with a balance of payments crisis (Financialexpress.com: 2005). Poddar Yi (2007) person responsible for writing the Goldman Sachs repo rt 2007, explain how the subsequent reforms in 1991, integrating India into the global economy and remove obstacles that prevented economic growth. India is now noticed as one of the fastest growing economies in the world. Crises of 1991 and the consequent Reforms The reforms instigated by the finance minister in the Narasimha Rao government of 1991 Manmohan Singh, were seen as waking a sleeping giant (Singh: 1985: 407), according to Cohen (2001). The reforms were instigated because of the balance of payment crisis India faced in 1991, that threatened to crumble the Indian economy because the foreign reserves were so low that they could not even maintain two weeks of imports. Due to the 1991 reforms, Indias semi- socialist, closed economy made a transition towards a open economy and private Indian and international investment. Cohen (2001) agrees with Nayar (1998) on the issue that the balance of payments crisis led to a demand in investment, labour legislation and opening of the economy. I agree with Cohen (2001) and Nayar (1998) that reforms of 1991 that happened because of the crisis, influenced the rise if the Indian economy from a sluggish, stagnant economy to a rapidly growing one, India found a new sense of enthusiasm and confidence. Pre 1991 Growth Although the crisis of 1991 is often said to be the trigger for Indian economic reforms and economic growth, Rodrick Subamanian (2004) believe that the productivity surge and economic growth started steadily in the 1980s a decade before the 1991 reforms. Rodrick Subamanian (2004) put forward an argument of a changing mind-set on part of the government in the 1980s, from a more socialist society to a more liberal one who favors the private sector. This significant shift, according to Rodrick Subamanian (2004) was led by Indira Gandhis Congress Party. However they do state that attitudinal change was grounded primarily in political calculation, and not in a desire to enhance the efficiency of the economic regime (Rodrick and Subamanian: 2004: 24). Kohli (1989) also supports Rodrick Subamanians view and states ideology of the leaders rather than the nature of regime organization, it is a key determinant of economic policy choice leaders will push an economic program of their choice (Kohli: 1989: 305). Rodrick Subamanian (2004) continue to argue that policy changes in the early 80s and then internal liberalization in the mid 80s was the catalyst to the huge economic growth that we see in India today. Future Growth Purushothaman and Willson (2003) think that Brazil, Russia, India and Chian becoming a much larger force in the world economy (Purushothaman and Willson: 2003: 1) over the next 50 years. Purushothaman and Willson (2003) analyzed the GDP growth, income per capita and currency movements in the Indian economy until 2050. Kakodkar (1998) expresss that with improvements to the infrastructure, clearer policies, India will become increasingly attractive to investors. This potential, according to Luce (2007), has been largely wasted because of the caste system that has shaped Indian society for several thousands of years. He suggests that the factors, which would allow the realisation of Indias potential, are by the encouragement of democracy, education and empowerment. Chapter Plan Chapter One Introduction This chapter will be a short introduction to the dissertation and question. How was Indias economy effected by colonization and whether effects of colonization are still being felt today? Chapter Two Economy Under the British Colonial rule In the second chapter will introduce a brief history of the Indian Economy under colonial rule and what the British did in the sub- continent. The focus will not be placed on the economy as a whole instead it will concentrate on specific parts of the economy which are considered most important, such as trade, investment and the infrastructure. Chapter Three Developing Economy The third chapter will discuss the Indian economy after Independence from British colonialism. It will look at the economy from 1957 to 1991 when it was a semi socialist economy to its shift towards a market economy in 1991. Again emphasis will be placed on trade, growth rates and infrastructure. Chapter Four- What colonialism did for India? Chapter four will discuss the effects of colonialism on the Indian economy and society. It will look at the benefits and detriments India suffered during colonial rule. Again only certain aspects of society and economy will be analysed. Chapter Five Waking the sleeping giant Economy of India Today Chapter five will focus on Indias economy after 1991 till the present day and beyond. Whats more, it will continue to examine what are the key factors of economic growth, sustainability and the constraints. Chapter Six Discussion The discussions chapter will focus on the three aspects of research methods used in this dissertation, the analysis of the questionnaire, discourse analysis on a speech by the British to justify colonial rule in India and the reading from literature. Chapter Seven Conclusion In the final chapter will conclude the research question and evaluate the outcome of the research. Chapter Two, Indian economy under colonial rule Research question: What was Indias economy like under colonial rule? In 1757 the British East India Company established its dominance in Bengal and nearly 100 years later, in 1858 the British Crown took over Indias princely states. To understand Indias economy under British rule, which lasted nearly two decades one has to take into account why the British conquered India in the first place. For western empires colonization was a way of expanding their territory, their purpose was undoubtedly economic and then resulting to political expansion. India was seen as the agriculture mother of Asia and the industrial workshop of civilisation (Singh: 1970: 16). The British quickly realized that India had great resources of wealth and raw materials that would benefit them financially thus slowly increased their hold of the sub continent, which led to the war of 1857 that paved the way for full British colonization of Indian Princely states. Indias economic structure pre colonization was one of oriental despotism, which restricted its industrialization and development. Indias custom of the caste system prevented modernisation of the economy because of the peculiar position of the artisan in the Indian village (Stokes: 1973: 139). When the British colonized India they became the agent of economic modernization and wanted to achieve a monopolistic trading position (Maddison: 1971: 35). Indias predisposed socio economic order was greatly influenced by the market forces, industrial competition and modernization encouraged by the modern imperial state. Indian economy was integrated into the world economy as a result of British colonization. India began trading with the world long before colonization took place in the sub continent, however trade began to grow exceedingly fast in the late 18th century as the result of the Charter Act of 1813, which gave Indias trade a major boost compared to modern standards. A rapid growth in trading started from 1800 till the beginning of the First World War. Tirthankar Roy measures Indian trade by the contribution of foreign trade (or exports) to national income (Roy: 2000: 32). In India during the late 18th century and early 19th century the national income (at present value against 1968 as base rate (index)) was 1.5 % per annum and the growth rate during 1868 and 1913 of imports and exports was 4-5 %. The percentage of imports and exports was escalating rapidly throughout the 19th century. Despite the escalation of foreign trade, nationalists argue that the British colonization of India in fact hindered Indias economic growth. Angus Maddison (1971) proposed that the British were wil ling to assist with the Indian economic development as long as it did not diverge away from their own economic interests. For example the British colonial rule exercised a free trade policy in India, which meant that all British imports came into India without any duty paid on goods and when a small tariff was necessary for Indias revenue purposes, the British in turn imposed equivalent excise duty on Indian products to prevent them gaining a competitive advantage (Maddison: 1971: 39). Maddison (1971) continues to argue that if India had been politically independent, her tax structure would probably have been different (Maddison: 1971: 39) and the trade turnover much higher, for instance Brazils Import revenue was 21% of trade turnover, whereas Indias revenue was only 2.2% in the 1880s. Some academics estimate that the net transfer of capital from colonized India to Britain was 1.5% of the total GNP of the sub-continent. The trade policies that the British imposed on India were tool s of exploitation and a ploy to force its manufactures on India and crush domestic industry (Basu: 2006). Initially, India was a feudal society however British colonization of India institutionalized its society and transformed its agricultural industry. It introduced property rights resembling the unencumbered private property characteristics of Western capitalism (Maddison: 1971: 45) and collected land revenue in the form of taxes imposed on the farmers and peasants. During the first half of British colonization of the sub- continent the agriculture industry grew, firstly in order to feed the growing population and secondly to export other countries that demanded the cotton, teas, and opium that India produced. From the period of 1860 to 1880 the demand for cotton grew substantially and for a few years the value of cotton exports was more than half of the value of all exports (Desai: 1969: 21). It suggests that in 1859 the price of cotton per lb was 2.7, however as the export grew to 14 lakhs of bales, so did the price pre lb to 11.5. Consequently the demand for such goods meant that I ndia was leading to commercialization and entering the world economy. Nevertheless this prosperity did not last. From the period of 1895 to 1914 India suffered from two ruthless famines, which were an amalgamation of natural causes and administrative failures. Yet the British did in this period, also try and introduce new reforms, they established a famine relief policy that included the expansion of irrigation and better infrastructure. The Indian agriculture industry went into decline from the period of 1930 to 1940; Desai (1986) suggests that this decline was due to the great depression and provincial autonomy. The depression, which was felt in all through the world, lowered agriculture prices in India hence led to a decline in farmers income however their responsibilities to the government remained the same, they still had to pay taxes on the land, etc. The second World War increased the burden on the farmers as the demand for agricultural goods on the world market declined and the exports of jute, cotton and groundnut fell to half or less in three or four years (Desai: 1986: 26). In spite of this the demand for food crops increased India supplied food crops to Western Asia and the increase in the proportion of the military meant that consumption increased. Due to the increase in trade and some slight advances in agriculture the British colonization of India helped established a system of centralized of governing and amalgamated the administration of India, they improved the governing of the states, security of life and property (modern source book), and in addition to this the British also improved the infrastructure of the sub- continent. They invested in repair, enlargement and unification of ancient irrigation systems (Roy: 2000: 46) as it was the most straightforward way of increasing yields of agriculture, helping the farmer that would in turn result in more revenue for the government, and help prevent further famines. However they procured returns for their investment to the irrigation from increasing revenue charged on irrigated land and on water rates. The British also invested heavily in the Railway industry in India, they considered it an important investment as it increased the volume of trade in the sub-continent and improved Indian social conditions. The railways helped promote the agriculture exports, it made the export of large sums of raw materials easier and provided cheap transport. The British thought of themselves as saviors of the Indian people spreading western civilization (MacPherson: 1955: 177). The first railway tracks were laid in 1853 under the guidance Dalhousie and by 1869 5,000 miles of tracks had been laid down. From the 1880s onwards the railway construction took on a new life and by 1910 India had the 4th largest Railway system in the world which cost the Indian people  £50 million, however MacPherson (1955) argues that  £95 million was invested into Indian railway by British companies. According to Desi (1969) the railway industry was built not to benefit the Indian economy but instead their own. Duri ng the First World War the British used the Indian railway to meet the demands of their own country, the Second World War incapacitated the Indian railway system as moved the rains to the Middle East and the railway workshops were renovate to weapons workshops. Up until 1835 the Indian sub-continent did not have a universal currency, which is needed in a modern state. The Act of 1835 introduced India to the silver rupee, which was to be the legal tender of the sub- continent. In 1861 the paper currency act was launched, this Act enabled the government to issue paper notes, this followed the English currency principle, that there must be a full metallic reserve above a certain amount (Desai: 1969: 226). The circulation of this tender began to grow slowly when confidence developed and there was more education (Desai: 1969: 227). Banking in the sub- continent can be seen in two dimensions, the formal and informal sector. Roy (2000) puts forward the idea that the formal sector of the banking industry four constituents, the exchange banks, joint stock banks, presidency banks and the cooperate credit societies. The informal sector were not legally accepted as banks, however they dealt with credit transactions in agriculture and small-scale indust ry in the forms of loans given to by employers or merchants to actual producers against work in progress (Roy: 2000: 202). The modern bank system stabilized the sub- continent however there were still failures in the system, from 1913 to 1925 almost 180 banks collapsed, this according to Desai (1969) was due to inexperience, incompetence and even fraud (Desai: 1969: 241). The British did not introduce the education to India; nonetheless they did promote education heavily amounts the population. By the beginning of the 19th century the British made English he official business language of the sub- continent. According to Sanne (2003) the British wanted people in India to be English in mind, but with Indian bodies (Sanne: 2003: 12) and gave assistance to a more extended and systematic promotion of general education (Lyer: 2004: 14). According to Roy (2002) British investment played a major role in shaping the education system in India. By the end of 1901 there were approximately 14,000 colleges in India, there were a few universities in Mumbi, Kolkata and Madras. Sanne (2003) continues to suggest that British education in the sub- continent create a vast amount of highly educated elite as well as a huge amount of semi educated, low paid, English speaking subordinate (Sanne: 2003: 12). The telegraph was also something that that British introduced to the sub- continent that indirectly shaped its economy at the time and in the post- colonial period. Roy (2000) states that the telegraph was a vital military tool in the rebellions and wars of annexation (Roy: 2000: 268), and by the mid 1900s there was rapid growth in the telegraph industry, from 0.38 million Rs in 1858 to 26.34 million Rs in 1921. Roy (2000) also claims that the British united the Postal service in the sub-continent in the wake of migration and money orders. One could hardly live without the other (Roy: 2000: 267). Roy (2000) continues and states that there was a basic postal service in India in the pre-colonial periods however it really took off when post offices were opened in semi rural areas. The postal service and the telegraph created jobs for many semi educated indigenous people in India and also bridged the gap of communication in the huge country. British colonization of India also changed the legal structure of the sub- continent. According to Cohn (1961) pre- colonial India did not have one legal system but multiple systemswhich differed from place to place (Cohn: 1961: 614). They had the Mogul law and the Hindu law to follow, however British colonization of India unified the legal system of the sub- continent and established civil courts in 1818. Over all during the British colonization of the Indian sub-continent they contributed to the economy in many ways. They set up a currency system, which was still in place in India up until recently. Introduced the sub- continent to the telegraph system, which connected the country to the rest of the world. It reformed the Indian agrarian society, increased trade through the improvements in the infrastructure. The railways, that British started build nearly 1750 years ago, have now grown into the largest railway system in the world under a single management in the world. Colonialism also commercialized the Indian economy and was an agent for modernization, for a feudal society. These contributions cannot be ignored. When India gained its independence from the British in 1947, it had the basic interments for economic growth in place. Chapter Three, Developing economy after Independence Research question: What was the Indian economy like after independence? After India gained its independence from British colonialism in 1947, its economy was stagnant compared their fellow Commonwealth counterparts such as Malaysia who experienced an increase in their GDP growth post British Colonialism. Amartya Sen claims that many estimates suggest that a sizable economic decline took place during the last decades of British rule (Basu, Sisson: 1986: 28). Following Indias Independence the first Indian Prime Minister, Jawaharlal Nehru followed an economic policy of Fabian socialism and self-reliance. Under Nehrus leadership The Planning Commission was set up to guide the newly independent Indian economy to follow the semi socialist economic model. The commission was set up to increase living standards of Indians through using Indian resources, boost production and enhance employment. However these policies had an adverse affect on the economy because they hindered international trade, constructed inefficient industries and it saturated the private secto r and economy with regulations and red tape. British colonization left India with some resources to modernization, according to Williamson (2006) it had the oldest capitalist institutions in Asia, such as the stock exchange. Post- colonial India had a contradictory economy; it had the institutions in place that should have on paper made it a strong economic system in Asia. It had manufacturing industry although it was very weak. It had a railway industry that was one of the largest in Asia, however in was in disrepair. The Indias economy was had many burdens that stagnated the economy and hindered its growth. Along with the independence of India came the partition of the sub- continent, which according to Rothermund (1986) was a reason for the troubled economy of the time. The national planning commission of India wanted to kick start the economic growth of the country and came up with the Five Year Plans. These plans were guidelines to stimulate economic activity within the existing economic and social frameworks (Epstein: 1973: 243). The first Five Year plan was launched in 1951 by Professor Mahalanobis who embraced the Soviet two sector model, and desired to invest 35 billion rupees: 20 billion rupees into the public sector and 15 into the public (Rothermund: 1986: 133) with an intention of increasing national income by 11%. By 1956 India had invested 31 billion rupees into the two industries and exceed national income more than 11% set by the Plan. Throughout this period Indias industry grew at an average rate of 4.1% however the economy went into decline through th

Extreme Apathy in John Guare’s Six Degrees of Separation Essay

Extreme Apathy in John Guare’s Six Degrees of Separation Many authors go to great lengths to explore the limits of human experience, testing realms beyond the imagination. Anything from physical boundaries to social boundaries are broken and thus redefined; Kafka explores the life of a man turned into a bug, Nabokov examines the life of a man ruled by a sexual desire that is taboo. With so much effort focused on the extremes of life, one work, a play by John Guare entitled Six Degrees of Separation, stands out. Certainly, the events are extraordinary; based on a true story, Six Degrees is the tale of a young con man, professing to be the son of Sidney Poitier, and his effect on the lives of several New York socialites. Paul is the Eliza Doolittle of the modern age, adopting all the skills, stories, and styles that make him the perfect houseguest. Paul's charisma ensures that at every encounter, his presence leaves its mark. One broke and broken young man named Rick, after losing his last dime and last shred of dignity to an encounter with Paul, throws himself from his third floor tenement apartment. From the way that the New Yorkers speak of their experiences with Paul, one would think that Guare has crafted yet another story exploring the range of human experience, probing the impact and significance of encounters among friends and strangers. However, as much as some incidents, such as Rick's suicide, suggest the extreme and most violent ends of the interaction, Guare's play leads us down a too familiar path to a rather harrowing conclusion: that the most unnerving edge of human experience is not, in fact, the most extreme and violent, but the most common and natural to human nature. Guare's play is peopled with characters ... ...e to present ourselves and have some hand in our own destiny, we are paralyzed. As Paul says, the end of Waiting for Godot is "Let's go. Yes, let's. They do not move" (25). At the end of the play, Ouisa is about to go to Sotheby's, but then pauses to watch Paul in her own mind. The lights go down as she remains on stage. Ouisa is not saved, and in the end we must doubt that she will find momentum enough to collect the substance that is required to have a life. Instead of moving into a life of meaning, she will float to Sotheby's, with a drink in hand and an urbane smile. One can picture the unwritten end to follow, Ouisa at Sotheby's "We had the strangest call tonight, that imposter that came into our lives, and you know, I had such a revelation about our lives . . ." NOTES [1] John Guare, Six Degrees of Separation. New York: Dramatist's Play Service, 1992.

Genetic Diversity

Mutations are various forms of changes in ones DNA’s structure or makeup. This abnormality can happen for various reasons such as chemical misuse, harmful viruses or environment factors. When a mutation occurs in ones genetic structure, there is often a push to find out what went wrong and if it was a onetime occurrence or a genetic abnormality that no one in the family knew about until the recent discovery. This genetic abnormality occurs when there is a dominant gene which comes from a parent.This dominant gene attaches itself to a recessive gene and sparks a change in the genetic sequence of the offspring. This is most relevant as I was observing my nephew last weekend. My brother is â€Å"dark skinned†, tall and slim. My sister-in law is of French decent and full bodied while looking at my nephew, I ascertained that he is heading towards his mother’s side of the family he has the â€Å"fair skin, â€Å"finer grain of hair†, and the full body of his mo ther, thus his physical appearance is a mixture of both his mother’s and father’s genes along with a mutation of their DNA.Sexual Reproduction ensures life will continue no matter what happens. As genes are exchanged between two potential parents, the resulting offspring ends up with a combination of genes from both parents which then in turn gives them their own genetic makeup. This can lead to an expansion in various parts of the world where there is a diverse genetic makeup of people. This is due to various factors such as economics, upward mobility and educational opportunities.When this occurs new communities develop, form and branch out spawning a growth in population and migration. As the various traits from one’s genetic makeup mixes with others of another makeup, this helps to further expand the world’s unique makeup among its various populations and cultures. As these factors come into play over and over again, this helps to ensure the possibili ty of cloning one’s self or someone else will never happen.This also ensures the population will continue to grow change and the diversity of it all helps to make the world we live in today all the more unique and complicated. As I reflect on my nephew’s own unique genetic makeup, I can’t help but wonder what his future will hold in regards to his own children, where he will migrate to and what he will contribute to leave his mark on the world. One can only hope that the traits and genes he has inherited from his mother and father will help him to reach his full potential.

Managerial Ethics

â€Å"Ethics is the code of moral values and principles that governs the behaviors of a person with respect to what is right or wrong (Burke)†. Ethics sets standards on what is good or bad in a person's behavior or decisions making. In addition it deals with internal values that are a part of the company's culture and their employees. An ethical issue is found in a case that the actions of a person or an organization may harm others. â€Å"Managerial ethics help to guide decision making and the organization of internal and external behavior. Ethical problems usually arise from a conflict between an individual or group and the company, division or department as a whole. Companies have created a set of values and standards that are recognized by managers and consistently referenced during the work day have created an ethical platform that can operate managers and make decisions. Training managers on the specifics of managerial ethics by role play, case study and group discussion has paved the way for ethical behaveor. † (Burke) Managers in most organizations seek to encourage ethical practices to gain whatever commercial advantage there may be in having potential consumers and employees regard the company as ethical, also to ensure ethical behavior in the company. Distributing, creating, and continually improving a company's code of ethics is a one-step manager can take to create an ethical workplace. Another step managers can take is to provide the work force with appropriate training. Many companies implement training programs designed at encouraging ethical practices within their organizations. (Marion, 2001) Managerial ethics are a set of standards that dictate the behavior of active manager within the workplace. It helps to guide decision making and organize the future path of the organization. People need to increase their awareness about ethics. Therefore, this paper will illustrate the history and the importance of ethics in the workplace environment. It will also provide good example of ethical and unethical behaviors in the place of work. History of ethics: The history of ‘’business ethics ‘’ has a lot of definition and it depends on how people define it. The history of ethics was known in 1970s and it was known in japan and Europe in 1980s. Business ethics is different in each country, for example the business ethics in China is way different from the business ethics in the United Kingdom. The history of business ethics will have three standards because it used in at least three different stands. First stand of the history is ‘‘the term ‘’ business ethics ‘’ came into common use in the 1970 in United State. ’’ (George, 1998). It was found in the academy, business meetings, and academic writing, research and teaching. Second stand of the history is when business ethics becomes more general usage in media and public discourse, and then they had to call it ‘’ethics in business. ’’ And it is the most widespread stand in general public, news reporters and many business companies use this term. Another stand of the history is when the history is broader; it goes back to the principal of business and taken in a broad sense, for example; commercial exchanges and later meaning economic system. Movement within business or movement to building ethics into structure in a form of ethics code, ethics training is the third stand of the history of ethics. Moreover, the meaning of business ethics is different from each country. According to Richard T. De George ‘’ Corporate social responsibility (CSR) has become something that corporations can no longer ignore and still maintain a positive public image. ’’. It plays in most of European countries, where the government has a huge role than United States, for example, a lot of labor force that were managed in United states were legislated in United Kingdom. Also, Agreeing to Richard T. De George,† CSR is a somewhat nebulous concept and it is often adopted by companies in response to external criticism, without any overarching framework or set of values‘’. Ethics of CSR is recognized in all cases by ethical norms not by the demand of interest groups. The globalization of business ethics has been in the worldwide of all the three stand of business ethics. The globalization of business ethics is still in tis incapability. They have a little attention of global issue; lobal warming is an example of attention they have. TOYOTA ethics in Japan’s 1)Leave employee exhausted. 2)They think the more working hour daily will give more productivity and quality to the product. 3)Work late at night without break time. 4)No meals available in the company. Toyota in japan have a strict rules of ethics that employee must do it if they joins the Company. However, Toyota ethics in other countries is different from japan due to the change in culture, environment and what people believe in. Religion perspective on business ethics The reason why religion is the most important factor in a person’s perspective of business ethics is because there are several different views of religious. For example: Muslims use the Holy Quran and the teaching of Prophet Mohammed to inform people their views on business ethics, while Christianity uses the Ten Commandments and the teaching of Christ to explain their ethics in business. The Jewish uses the Torah. In Islam, responsibility, freedom and honesty are the three main concepts of ethics. In addition of these three main concepts, a Muslim person should also have to be fair and productive. They believe that a selfish habit has no room in Muslim’s ethics. Moreover, they also believe that an absolute freedom should not have a place in their ethics because the economy will damage slowly if it has absolute freedom. According to religious views on business ethics website, ‘’ Jewish faith believes that a person should show reasonable concern for others. In these aspects Judaism is like Christian faith, however, there is a major difference in their beliefs. ’ Jewish thought that wanting wealth is a fault and this fault turn people away from God. Furthermore, they also believe that a person should only have what is necessary to him/her to live a happy life. Judaism has rules that they follow as business ethics. Employers and employees are in different levels, so they will have different rules to follow. According to Religious views on business ethics website, ‘’ One rule that Jews believe, is that an employer should not demand more from a worker than they are capable of doing. ’ The basis for these different religions for theirs business ethics is: wealth and to know the perfect ways to deal with that wealth while staying in the limitation of their laws and rules. The main different in these religions is the way in which to deal with a situation that arise in everyday life and that because every religion has its own policy. The importance of ethics: Obviously, unethical and abnormal performance difficulties are of huge worry to businesses, which need to precede stages to resolve them. Unethical performance leads to unethical workplace environment that’s full of animosity, dishonest competition and inconvenient atmosphere and that’s why ethics are central quantity of each business organization. The ethical culture should be encouragement, solid and optimistic. â€Å"The vanity of the sciences, physical science will not console me for the ignorance of morality in the time of affliction. But the science of ethics will always console me for the ignorance of the physical sciences† (Pascal, 1998). There is a rising acknowledgment that noble ethics can have an optimistic financial influence on the performance of organizations. Lots of statistics provision the basis that ethics, integrity, responsibility and values are essential in the modern place of work. For customer crowds and the general public at outsized, studies has shown that noble ethics is good business. Ethics are essential aspect in the business environment. It goes beyond setting rules and applying them in the workplace to increase the organization’s profit, spread their reputation and competitive advantage to consumers and suppliers. Ethics advance the productivity and efficiency of the labor, honesty, and dependability, positive Work Habits, initiative, humility, positive Attitude, Teamwork, protect human rights of employees and provide a restful atmosphere at work. The importance of ethics in the workplace environment lays down numerous benefits in many different approaches. It can benefit the internal culture and atmosphere to the external firm’s reputation and stature. Several college courses are currently comprehensively applying the training of ethics and for worthy purpose. Young minds will proceeds this info into the workplace and recognize that ethics must be practical there as well as in the private division. A great level of ethics in the business has to be in place as a minimum for the consumers. If anything, it is the consumer that would be reflected the furthermost when it arises to ethical business performs. Customers will rather purchase their needs from a good reputation company that teach and apply good ethics to their employees. Ethics are believed by a lot of individuals as something that is associated to the private sideways of lifetime and not to the business sideways. In countless businesses, consuming ethics is assumed as an undesirable topic. This is since business is frequently about choosing what is the finest for number one, not about what's truly the correct thing to do. Ethics are theoretical to advance our lives and appeal honest spirits. Maybe the purpose ethics is such an uncomfortable topic is for the reason that they are repeatedly unwell applied, if applied at all. Ethics aren't checkered at the gate when arriving the place of work. Ethics obligate each little as much a place in the community as they do the private. What is unethical behavior? We can describe unethical behavior as any act that is not accepted by the principles of behavior recognized by the association. Unethical behavior can take place at any situation with an employee; either it can occur while dealing with another employee, in day to day running of the business or when he is dealing with the company’s resources and finance. Unethical behaviors show damaging in workplace . There are a lot of unethical behaviors in workplace. One of the important causes of unethical behavior is greed. For example, the worker who’s in contact with a client may be willing to give him/her a discount in exchange for a kickback. The essential reason that can lead to unethical behaviors in the workplace is ignoring the firm's policies . The most common unethical behavior is deception in the workplace. Such as, switch prices of products so that items are marked as cheaper than they should be. Also, failure to commit with clients, such as delays in the due date and failure to respond to customers’ calls or emails . You must know how to deal with difficult clients. (Wallace, 2012) Also one of the common unethical behaviors by an employee in a company can be seen in a situation where he uses the company’s computer for his personal use. Unethical behavior is carried out when he uses the computer for either shopping online, checking his personal emails not related to company’s official work, playing games †¦etc. These tasks may lead to delay in the responsibilities that he was assigned to do for the company. In addition â€Å"fraud is a form of unethical practice, which involves falsification of facts or data to obtain unjust rewards Fraud is a crime which attracts harsh sentences to offenders. It also causes huge losses to business organizations. †(Thomson, 2004) Moreover, bribery is considered number one of the most unethical behaviors in the companies. Bribery means offering or accepting anything of value in exchange for changing or influencing the behavior of the recipient of the bribe. Anything of value can use as a bribe, but the money is a classic bribe. It also can be more intangible, and they might be like offers of real estates, valuable objects or a promise to do a specified service in the future. In order to consider it as a bribe, the object of value should be offered with the clear understanding that the person who accepts the bribe will be doing something in return. This distinguishes bribes from gifts given in real good faith, and also discriminate bribery of tipping, a practice in offering gifts in return for good service. For example, a driver being ticketed for speeding or parking in the wrong place might offer a bribe to the police officer to ask him to rip up the ticket. In many areas of the world bribery is considered as a crime, and it can be hardly punished. While in other areas bribery is more socially acceptable, and that can put a heavy burden on those in the lower levels of society, as they cannot afford to bribe officials in the pattern to which they are accustomed. The cultural differences on bribery can lead sometimes to confusions. In some cultures, for example, offering a tip may be considered a bribe, while in others, if you did not give a tip it considered as an offensive. Depending on regional laws, bribery can be punished with fines, imprisonment for a specified period, or compensation. Particularly in countries that are based on high ideals of equality, bribery is usually seen as especially offensive, because it erases the illusion that all the members of society are equal when someone can basically buy favors or someone else's skills with the right bribe. Ethical behavior: Ethical behaviors are essential for employees to deal with clients in a professional way . Employees face ethical and unethical behaviors from clients every day in the workplace. If you want your company or shop gain profit you must train the staff to act ethically in accordance with the company. Working with clients requires specific ethics. For example, ability to offer successful communication to makes them repeat clients. As employee in company you must protect the rights of the client when delivering the service. Such as, rights of privacy. Moreover, the worker should have confidentiality relating to the release of information about clients. Be a good employee for instance, tell the truth always to your clients. Must respect all people and not to differentiate between them, give the clients your best advice and listen to the client because he/she wants to know that you care about his/her problem. Apologize and correct the problem if you had mistaken. Also, show the positive relationship between the employee and the clients. (Knight, 2009) Other example of ethical integrity in the workplace is confidentiality. It is a major illustration of veracity in any place of work. It is also considered as a legal obligation for any employee at any level of organization. All the employers in an organization has got certain information that is to be kept as secret and exposure of these to anybody can lead to fines, penalties and lawful punishments. Confidentiality helps in building trust and motivates genuine deliberation of secrecy of others. The most basic business ethics are honesty, integrity and fairness. Honesty is related to ethical advertising and a reasonable cost for the quality of the products or services. The businesses make profits through ethical business strategies instead of trying to benefit from others through dishonest pricing. Moreover, integrity includes a very wide range of ethics, but it covers issues like social and environmental responsibility. Integrity in business is to be fair and considerate to others but at the same time make profit. Finally, fairness is a very basic concept of ethics, where the company has to treat all the people in commercial dealings either employees or buyers fairly. Fairness in commercial dealings means to be objective and to have an interest in creating a win-win situation for both parties, whether between an employer and employee or a company and a client. Conclusion: To sum up, ethical is essential and very important aspect in the workplace environment. Ethics sets standards on what is right and wrong in an individual's performance and decisions making. There is a rising acknowledgment that noble ethics can have an optimistic financial influence on the performance of organizations. Unethical behaviors provide lack of enthusiasm and negativity in the workplace. Therefore, ethical behaviors are central part to the workplace environment and to employees to work with clients in a professional way.

Bacons Rebellion Essays

Bacons Rebellion Essays Bacons Rebellion Paper Bacons Rebellion Paper In 1676, Nathaniel Bacon rebelled and held a revolt in Colonial Virginia. High taxes, low prices for tobacco, and resentment against special privileges given those close to the governor, Sir William Berkeley, provided the background for the uprising. These factors made the rebellion inevitable. All of the chaos was precipitated by Governor Berkeleys failure to defend the frontier against attacks by Native Americans. Bacon commanded two unauthorized but successful expeditions against the tribes and was then elected to the new House of Burgesses, which Berkeley had been forced to convene. Berkeley then sent out a warrant for his arrest and Bacon was put in jail. Bacon soon was released and he immediately gathered his supporters, marched to Jamestown, and convinced the demeaning Berkeley into granting him a commission to continue his campaigns against Native Americans. Bacon took control of the colony, but then died of a sudden death. Nevertheless, Nathaniel Bacon is a legend for his rebellious nature, and the response of the colonists was inevitable. Bacons Rebellion can be interpreted in a variety of other ways, but it all began as a power struggle between two stubborn and selfish leaders. The rebellion was essentially motivated by the oppression of indentured servants, and as a response to the economic recession. The situation was unavoidable, and would have happened eventually, but Bacon’s Rebellion can be attributed to a myriad of causes, all of which led to dissent in the Virginia colony. There were a substantial number of issues within the colony. During that time, the economy was an immense issue. The main agricultural crop was tobacco. Tobacco prices were declining and competition between the colonies was extreme. Commercial competition was growing between Maryland, Virginia, and the Carolinas and the English market became increasingly restricted. Rising prices of English manufactured goods caused a great deal of problems for the Virginia Colony. Mercantilism was a huge downfall within the society. There were heavy English losses in the latest series of naval wars with the Dutch. Moreover, closer to home, there were many problems caused by the crazy weather. The constantly changing weather left the colony and colonists in chaos. Hailstorms, floods, dry spells, and hurricanes rocked the colony during one year and had a damaging effect on the colonists. Inevitably, these difficulties encouraged the colonists to find a scapegoat. They needed to find something to vent their frustrations and place the blame for their misfortunes. With the immense frustration and anger among the colonists, they began to scapegoat the local Indians. To ward off future attacks and to control the situation, Governor Berkeley instigated the matter. He set up what was to be a disastrous meeting between the parties, which resulted in the murders of several tribal chiefs. In the meantime, Berkeley continually pleaded for restraint from the colonists. Some, including Nathaniel Bacon, refused to listen. Bacon disregarded the Governors direct orders by seizing some friendly Appomattox Indians for â€Å"stealing† corn. Berkeley scolded him, which caused the disgruntled Virginians to wonder which man had taken the right action. Significantly, Berkeley could not compromise earning resentment from about 1,000 Virginians. They fiercely resented Governor Berkeley for his policies toward the Indians. When Berkeley refused to retaliate for a series of savage Indians on frontier settlements after monopolization of fur trade, the colonists violently took matters into their own hands. The crowd murderously attacked Indians and chased Berkeley from Jamestown. The crowds ran rampant and torched the capitol. A prominent civil war in Virginia began and carried on. Ironically, Bacon suddenly died from disease. The governor took advantage of this and crushed the uprising, forcing the death penalty on some twenty rebels. Charles II complained of the penalties dealt by the irresponsible and arrogant governor. Due to the rebellions and tensions that were all started by Bacon, lordly planters looked for other less troublesome and chaotic laborers to work on the tobacco plantations. The unfortunate fact is that colonial slavery became extremely notorious in the Middle and Southern Colonies after this occurred. Thus, one of the most unusual and complicated chapters in Jamestowns history ended. Could it have been prevented or was it time for inevitable changes to take place in the colonial governmental structure? The tension and chaos throughout all the colonies eventually led to the First American Revolution. But at that time in Colonial Virginia, the inefficient laws were no longer effective in establishing clear policies to deal with problems or to instill new lifeblood into the colonys economy. Something along the nature of rebellion could have always occurred. Simply, the infinite number of problems that were affecting the colony before Bacon’s Rebellion gave rise and character to Nathaniel Bacon. At first glance, the nature of Bacon’s Rebellion does seem to be the beginnings of Americas quest for Independence, but this was just on incident. Closer examination of this period in history illustrates what Jamestown’s situation truly was: a power struggle between two very strong personalities that almost destroyed Jamestown. A class brawl within an Indian conflict, Bacons Rebellion revealed the mixed motivations and tangled outcomes of warfare in colonial America.

buy custom Universal Health Care essay

buy custom Universal Health Care essay Universal health care refers to a scheme of issuing health treatment for any participants who are enthusiastic. The government normally undertakes the program using funds from levies. However, it is fascinating to note that the United States is the only developed nation that does not have the universal health care scheme for its people. There has been a prolonged debate concerning the implementation of universal healthcare in the United States of America. However, the question to ask is; does universal health care provide certain outstanding benefits to US people or does it do more harm than good? Therefore, the ultimate aim of this context is to give an argument as to why the universal healthcare system is important and has to be implemented in the United States (Jose Mosserli 93). Argument concerning implementation of universal health care in the USA I suppose that universal health care is beneficial to the United States citizens because of several reasons. To begin with, health care has become less affordable for businesses and people. Some companies and people that opt to maintain their health care tactics still have to pay higher costs. Let it be clear that businesses only have some amount of cash they can spend on employees. If they are to spend extra on health insurance premiums, they will have little money left to pay for new hires, raises, investments, and many other things (Jui-Fen and Hsiao 78). People who must disburse more on premiums have remarkably small amount of cash to spend on food, rent, and consumer products, which means less cash is driven into the economy. Therefore, health care stops the nation from creating a robust economic revival. However, some people argue that government-managed health care would result in a reduction of patient flexibility. They further state that, at first, the process may seem to be effective for the patients as they are likely to increase flexibility, but with time the government begins to strive to keep the costs withn the set limit because the fulfillment of certain actions is expensive to a large extent. For example, would elective surgeries that include wart removal, breast implants, Lasik eye surgery, and hair restoration be covered? The government may decide that the patients must pay for elective surgeries but then, who would decide what is elective and what is needed? What about the disease like breast minimization to avoid back illnesses? Generally, the entire process is too costly for the government to handle and the citizens are the affected parties (Mosserli 110). However, universal health care can be insured with health insurance companies for the majority of occupants. The number of uninsured citizens in the United States has increased to more than 45 million individuals although it encompasses illegal immigrants. The fact that health care costs are still rising, the inflation rates are causing several businesses to decide to stop offering health plans or to forward large amounts of costs to the workers. Those workers that pay higher prices on the other hand, opt to survive without health coverage. In other words, they decide to work without health insurance companies. However, surviving without health insurance never imply that an individual cannot have access to health care because there are several clinics and medical services offered freely to poor people. Nevertheless, the expenses that are not covered by insurance must be soaked up by all the rest of the citizens thus intensifying premiums (Jui-Fen and Hsiao 78). The number of uninsur ed people has been questioned in the sense that it encompasses illegal immigrants and individuals making more than $75K who opt to ignore health coverage and others who have some alternatives for coverage but decide not to get it. The actual number of individuals who do not have any alternatives is approximately 15 million and the government has to care for all of them. Therefore, universal health care is essential for the United States citiizens (Mosserli 122). Some individuals also argue that there is not even one government organization or department that operates professionally. Do people need an agency such as the US Levy Code to control something as complicated as health care matter? The response is no because when a person tries to imagine that there is any government department that operates efficiently, one may find such a department. Think of the department of education or any other office including Fannie Mae and Freddie Mac, Social Security and Administration, Department of Transportation, none of them is running efficiently (Jui-Fen and Hsiao 78). This means that encompassing the universal health care system simply means adding another burden to an already heavy load for the government. Nevertheless, universal health care can help get rid of such incompetence as duplication of paper work, insurance submission, and claim approval. When a person looks back and analyzes his or her life, it becomes clear that he or she has filled out medical history responding to similar questions for several times. The same case occurred while working with the insurance paperwork that is filled in and submitted several times (Mosserli 156). There is no doubt that the present health care scheme creates an enormous amount of overheads. All the time when a patient visits a physician, an assertion has to be issued, the approval department has to check the assertion, then checks have to be sent via emails and patients have to rush from one office to another to co-pay bills, etc. All this is a waste of time. Moreover, it can result in the delay of treatment of the suffering patient. Besides, each doctors office has its own record system, which they have to go through before treating the patient. However, the universal health care system will permit individuals to develop one unified system where there would be no essence of keeping in surance information or wasting time issuing assertions. Buy custom Universal Health Care essay

Black Market Activities And Corruption In Pakistan Politics Essay

Black Market Activities And Corruption In Pakistan Politics Essay The relationship of corruption and Governance is integrated from a long time back. In case of Pakistan, the root of the relationship runs back since the Independence Day. Corruption as an attribute in the system in the sub-continent, has affected the level of Governance to the extent of creating extremities of positive and negative. Governance which measures the effectiveness of institutions in a society has only been a theoretical concept in case of Pakistan. Several factors that lead to the level of corruption to reach where it is now are ignored conveniently and the direct effect is on the masses. A number of activities are performed below the radar in Pakistan and are reported to as the â€Å"black market activities†. They are referred so as because of their capability to deceive the purposeful boundaries of the system present, which holds them liable to the tax structure of the country. The case is not a new one for the world, let alone for Pakistan, and this is a common practice in the country. All these activities are concealed from the authorities with regard to the tax structure in Pakistan, and are thus reported as the under-ground economy in macro terms. This is a consequence of a complex tax system, frequent cash transactions in terms of construction, smuggling etc. and that of a negative public perception. Pakistan has experienced a relatively below par appreciation when it comes to the structure of the taxing system present, and the flexibility in it. Unemployment and recessionary trend also contribute towards a most common phenomenon as part of black activities known as â€Å"tax evasion†. This concept has given birth to corruption on a wide scale. Tax evasion is when one skips the underlying rules of the system and is not officially recorded in the tax net. Some sectors of the economy in Pakistan have been exempted from taxes right from the independence till date, and hence they are also recorded as the underground economy. The ot hers, who happen to be the industrialists in some cases, have taken refuge under the same exemption by reporting their income either as under the exempted sectors or by understatement altogether. This has given rise to corruption not only by these means, but also by persistently supporting and influencing the policy making process so that loop holes remain to be exploited. The theoretical side of this aspect has confirmed that the persistent non-compliance towards tax laws have allowed a major portion of the economy to remain below the radar so that they can skip the measurement as per the economy’s activities. The graph relates to the overall black economy as a percentage of GDP and then tax evasion as part of the GDP Source: Pakistan Institute of Development Economics, Islamabad (PIDE Research series) The increasing trend in the black market activities from as early as year 1974 till the start of the 21st century is in line with the theory and also points out towards the fa ct that in Pakistan, the complex and flawed policies to account for a major chunk of the economy have decreased on standards year by year. The tax evasion figures also shed light upon the loop holes of the tax policy

Decision Support System (DSS) Research Paper Example | Topics and Well Written Essays - 1750 words

Decision Support System (DSS) - Research Paper Example Data on an organization's external operating environment, as well as internal operational information, is included and an interactive interface allows managers to retrieve and manipulate data. Modeling techniques are used to examine the results of alternative courses of action† (Decision support system.2007). Later on, DSS contributed to several domains, one of them is the healthcare sector. The Armed Forces Longitudinal Technology Application (AHLTA) is an internationally recognized medical and dental information management system that provides a safe and secure online accessibility to the military health systems (MHS) reports of beneficiary. Medical clinicians, who are deployed in various medical treatment facilities worldwide, access the system (DHIMS, 2011). They are provisioned with complete and appropriate health data in order to take informed decisions regardless of location and time. Moreover, AHLTA also facilitates central storage of electronic health records (EHR) dat a used to retrieve patients overall history of injuries and diseases (DHIMS, 2011). AHLTA Functionality The information flow and sharing of information on various levels of the AHLTA system are illustrated below (How data travels through AHLTA, n.d): The flow of information does not cover all aspects of the system and only prioritize on nontechnical aspects. As there are four primary components of the system including: Client Workstations: The workstations that will be used by the clinical staff Local Cache Database: The local cache database stores all the retrieved information, in order to provide information much faster as compared to a normal request of patient information from the system. Clinical Data Repository: The clinical data repository hosts the primary database and includes all the patient and clinical data connected to all the military treatment facilities worldwide. CHCS: Composite Health Care System is a legacy system that is performing the task of maintaining informa tion and information retrieval related to results, appointments and vice versa. Moreover, the AHLTA system operates on two modes i.e. the normal mode and the Failover mode. The normal mode provides provision of all the available information related to patient’s history. The CHCS retrieves and demonstrates demographics, appointment information and results from the clinical data repository that displays all the information to the computer of the client (How data travels through AHLTA, n.d). The fail over mode also operates on the same four components excluding the clinical database repository. In this scenario, the clinical team can have access to document encounters related to patients. Nevertheless, they cannot access the complete record of the patients and historical records i.e. they cannot access CDR. If CDR is not accessible, CHCS sends all the information related to patient appointments, demographics along with all the relevant information to local database cache (LDC) ( How data travels through AHLTA, n.d). Furthermore, the fail over mode supports: Scheduling of appointment information Last four encounters of scheduling patients Information related to patient and family history for patients that are scheduled Inventory information related to stores User Configuration The client server architecture of an AHLTA system were illustrated by â€Å"

International media, comparison essay Example | Topics and Well Written Essays - 1000 words

International media, comparison - Essay Example After all, what sells more than an unsolved mystery, an enigma, or a blatant lie? Do we watch, what we believe to be true in media, or what the media wants us to believe is true? But whatever the reason may be, we, as people tend to diligently follow the news that have the most deaths, the most warped up conspiracies with wronged parties; preferably an ambiguous wronged party. I chose an event that most of us are aware of because of the thorough coverage it has received in both countries: The Drone Attacks. The drones or unmanned aerial vehicles are aircrafts either controlled by pilots’ from the ground or increasingly, autonomously following a pre-programmed mission (Chris and Wright).The drones to Pakistan are controlled by the C.I.A - Central Intelligence Agency. The American intelligence works with the Pakistani intelligence, the I.S.I – Inter-Services Intelligence, to attack and defeat Al-Qaeda and Taliban militants that have taken refuge in Pakistan. This is all p art of America’s ‘War on Terrorism’ campaign of which Pakistan is an ally. Pakistan provides its own research on the habitation of these terrorists and US attacks them. The days and times, and the numbers of these missiles are unknown to Pakistan. This is so as to catch the terrorists unawares. There have been several successes and civilian casualties in this mission. A war against terrorism is obviously an important campaign. According to statistics, in 2011 alone, there were 6303 deaths from terrorist attacks in Pakistan, of which only 2800 were actual terrorists (South Asia Terrorism Portal), the rest just innocent victims. In the US, 30 deaths have been from terrorism since 9/11 2001 (Global Terrorism Database). The difference is magnificent; however, it is mainly the South Asian countries that suffer most from this epidemic. Yet loss of life anywhere is a situation that is to be rued. Therefore, as one of the superpowers of the world, US took upon itself to fight this growing epidemic. Pakistan allied herself with the US. Since the last two years, C.I.A has led its own covert operations giving them information to the refuge places of the Taliban and Al-Qaeda in Pakistan. However, there are many conspiracies surrounding these attacks, just as it is with any Intelligence mission. It is claimed that while Pakistan officials are working with C.I.A privately, they publicly condemn the loss of civilian lives. Then the lack of information to the Pakistani public is causing them to see these attacks in a suspicious light, necessitating it for the US diplomats to come to Pakistan repeatedly for briefings and meetings. The operation has to be covert as well, because if the situation is made public, then the terrorists will be informed. The two main problems here are that a) C.I.A is not including Pakistan enough in its operations, and Pakistani government not informing the general public of its involvement but in fact, antagonizing them further against America. These obvious conflicting stories in both countries need to be dealt with so that the masses can trust these operations, and the number of Drone attacks reduced as they have increased in a surprising number in the last two years causing several innocent people to die. I decided to choose the high circulated newspapers of both the countries to get a perspective into each newspaper’s representation of this ongoing event. From US, I chose the New York Times. Scmitt describes the censure arising

Social responsibility and company reflection Essay

Social responsibility and company reflection - Essay Example ompany takes responsibility for its corporate actions and ensures a positive impact on the social environment and society in general thus impacting that of the stakeholders of the company. It is the responsibility of the company to meet with all the legal and social requirements structured by the program for the positive developments in the environment. Failure to behave responsibly in their business practices can have negative effects on the stakeholders of the company, which then reflects on the company itself. Thus the main aim of the corporate social responsibility is to satisfy the stakeholders of any company. The Plymouth Better Together program is an endeavor undertaken by the Plymouth Chamber of Commerce to involve the local business community in contributing towards a safer and healthier social and economic environment. They provide opportunities to companies to sign-up at their platform and pledge their support to a wide range of social issues and then report back on these issues. The report provided by the various companies chartered under Plymouth better together serves as a testimony to the success of the program as well as gives the program a chance to improve itself. The charter of pledges as designed in the program encourages the owners of the business to conduct different activities to meet with the objectives of good corporate governance and social responsibility. It also gives a chance for businesses to enhance their performances by taking part in and offering various social programs. This essay reviews the various objectives of this charter of pledges introduced by the Plym outh Better Together program and how its charter holders, Plymouth University and Plymouth’s local business Print Copy Scan (PCS), apply it. The essay also examines the positive results of this program as seen on the report of Print Copy Scan, (PCS). The essay also aims to draws conclusions on the effectiveness of the program. Plymouth University is one the universities in

Outside speech Assignment Example | Topics and Well Written Essays - 500 words - 1

Outside speech - Assignment Example Through the Elder Helpers volunteer organization, volunteers can do what the government cannot do. That is, to show kindness to a society that has done its part in building the nation. The elderly face a series of emotional, physical and societal problems. Physically, aging is the deterioration of the physical and mental mechanisms (Edward 533). Inevitably, the body becomes vulnerable to innumerable diseases and conditions such as Alzheimer’s. This deterioration of health has resulted in the elderly being identified as the handicapped, particularly in capitalist societies (Edward 533). Moreover, the challenges are made difficult by the high cost of medication and therapies resulting in a majority of the aging population living with the lack of proper health care. Currently, the elderly live solitary lives where they can go for days without communicating with other individuals. Some elders have also lost their spouses which results in emotional problems. Inevitably, the isolated life coupled with the physical challenges makes the elderly vulnerable to unhealthy lives that would most likely lead to more complications or even death. At this point, I know there are some who are wondering why we should help the elderly members in our society. Such people need to acknowledge the fact that aging is a definite event that occurs in the life of every individual. Soon, each and every one of us may live long enough to experience the complications that arise through aging. At that point in our lives, I am certain we would all be grateful if the society helped us go through aging stress-free. Furthermore, the elderly in our society are important because, without them, the current generation would not exist. Elderly Helpers is an opportunity to interact with the elderly in the society and assist them in their day to day lives (elderlyhelpers.org). Moreover, the organization is an opportunity for young members in the society to provide

Employment Law Assignment Essay Example | Topics and Well Written Essays - 3000 words

Employment Law Assignment - Essay Example The employees should receive this statement not later than two months from the date of commencement of employment. It should contain the names of the employer and employee, date of commencement of employment2; rate and periodicity of remuneration, terms and conditions of the working hours, entitlement to holidays, terminal benefits, length of notice that the employee has to either receive or give if termination of employment is desired, job title of the employee3, etc. There is no restriction on the method of payment to be made to employees. Moreover, these methods are to be negotiated between the employer and the employees. However, if the agreed upon method of payment is subsequently altered by the employer and if such a departure leads to financial loss for the employee, then the employee is entitled to prefer a claim in respect of breach of contract. Nevertheless, the statute makes available to employees, the right to protection from unauthorized deductions from their wages and such protection is applicable even to persons working on a contract basis or as apprentices. Moreover, such protection has been extended to Crown servants and persons working on board a ship registered in the UK. Moreover, employers are well within their rights to make statutory deductions like those relating to income tax or insurance. Further, it is permissible to make deductions in instances of overpayment of wages, judicial decisions and participation in strikes4. In respect of retail work, additional protection has been afforded by the statute. A retail worker is any person carrying out retail transactions selling, which have been defined as the supplying of goods or services5. However, this additional protection has not been provided to those who transact only with companies. Moreover, an employer cannot make deductions in excess of a tenth of the gross wages in respect of shortages or stock deficiencies6. The time limit for making such deductions has been set at twelve months, unless the deduction forms part of a series of such deductions in respect of shortages or deficiencies. Furthermore, such deductions have to be made subsequent to informing the employee the exact amount due from him. Such communication of information has to be in writing and has to be made on a pay day7. Any employee, irrespective of the length of service put up, who is of the opinion that an unlawful deduction from wages has been made by the employer or if the employee has been required to make an unlawful payment may approach the Employment tribunal in order to obtain redressal for such grievance. The time limit for lodging such complaints is in general three months from the due date of payment of the wages or within such period as permitted by the Employment tribunal8. This three months limitation period in respect of payments by the worker to the employer is determined from the date of receipt of payment by the employer. If a series of deductions or payments are involved, then under such circumstances this three months period is to be reckoned from the date of the last deduction or payment in the series. However, this time limit can be extended by a further three more months under specific circumstances as per the provisions of the statutory dismissal, disciplinary and grievance procedures introduced from the 1st of October 20049. Wages have been defined to construe, as per this act as denoting amounts payable to employees

Social responsibility and company reflection Essay

Social responsibility and company reflection - Essay Example ompany takes responsibility for its corporate actions and ensures a positive impact on the social environment and society in general thus impacting that of the stakeholders of the company. It is the responsibility of the company to meet with all the legal and social requirements structured by the program for the positive developments in the environment. Failure to behave responsibly in their business practices can have negative effects on the stakeholders of the company, which then reflects on the company itself. Thus the main aim of the corporate social responsibility is to satisfy the stakeholders of any company. The Plymouth Better Together program is an endeavor undertaken by the Plymouth Chamber of Commerce to involve the local business community in contributing towards a safer and healthier social and economic environment. They provide opportunities to companies to sign-up at their platform and pledge their support to a wide range of social issues and then report back on these issues. The report provided by the various companies chartered under Plymouth better together serves as a testimony to the success of the program as well as gives the program a chance to improve itself. The charter of pledges as designed in the program encourages the owners of the business to conduct different activities to meet with the objectives of good corporate governance and social responsibility. It also gives a chance for businesses to enhance their performances by taking part in and offering various social programs. This essay reviews the various objectives of this charter of pledges introduced by the Plym outh Better Together program and how its charter holders, Plymouth University and Plymouth’s local business Print Copy Scan (PCS), apply it. The essay also examines the positive results of this program as seen on the report of Print Copy Scan, (PCS). The essay also aims to draws conclusions on the effectiveness of the program. Plymouth University is one the universities in

Employment Law Assignment Essay Example | Topics and Well Written Essays - 3000 words

Employment Law Assignment - Essay Example The employees should receive this statement not later than two months from the date of commencement of employment. It should contain the names of the employer and employee, date of commencement of employment2; rate and periodicity of remuneration, terms and conditions of the working hours, entitlement to holidays, terminal benefits, length of notice that the employee has to either receive or give if termination of employment is desired, job title of the employee3, etc. There is no restriction on the method of payment to be made to employees. Moreover, these methods are to be negotiated between the employer and the employees. However, if the agreed upon method of payment is subsequently altered by the employer and if such a departure leads to financial loss for the employee, then the employee is entitled to prefer a claim in respect of breach of contract. Nevertheless, the statute makes available to employees, the right to protection from unauthorized deductions from their wages and such protection is applicable even to persons working on a contract basis or as apprentices. Moreover, such protection has been extended to Crown servants and persons working on board a ship registered in the UK. Moreover, employers are well within their rights to make statutory deductions like those relating to income tax or insurance. Further, it is permissible to make deductions in instances of overpayment of wages, judicial decisions and participation in strikes4. In respect of retail work, additional protection has been afforded by the statute. A retail worker is any person carrying out retail transactions selling, which have been defined as the supplying of goods or services5. However, this additional protection has not been provided to those who transact only with companies. Moreover, an employer cannot make deductions in excess of a tenth of the gross wages in respect of shortages or stock deficiencies6. The time limit for making such deductions has been set at twelve months, unless the deduction forms part of a series of such deductions in respect of shortages or deficiencies. Furthermore, such deductions have to be made subsequent to informing the employee the exact amount due from him. Such communication of information has to be in writing and has to be made on a pay day7. Any employee, irrespective of the length of service put up, who is of the opinion that an unlawful deduction from wages has been made by the employer or if the employee has been required to make an unlawful payment may approach the Employment tribunal in order to obtain redressal for such grievance. The time limit for lodging such complaints is in general three months from the due date of payment of the wages or within such period as permitted by the Employment tribunal8. This three months limitation period in respect of payments by the worker to the employer is determined from the date of receipt of payment by the employer. If a series of deductions or payments are involved, then under such circumstances this three months period is to be reckoned from the date of the last deduction or payment in the series. However, this time limit can be extended by a further three more months under specific circumstances as per the provisions of the statutory dismissal, disciplinary and grievance procedures introduced from the 1st of October 20049. Wages have been defined to construe, as per this act as denoting amounts payable to employees

Online School Vs. Traditional Essay Example for Free

Online School Vs. Traditional Essay According to the National Center for Education Statistics, about 4.3 million undergraduate students, or 20 percent of all undergraduates, took at least one distance education course in the 2007-08 school year. And about 0.8 million, or 4 percent of all undergraduates, took their entire program through distance education (May, Ryan). There are many pros and cons about distance and traditional education, as well as many similarities and differences. Online education is a more flexible option for students to get an education since most classes can be taken anywhere you are able to take your laptop or hook up to the internet. It’s very convenient for people who have a busy lifestyle, such as families, full-timer workers, and those who serve in the military. With online learning, students don’t have the traditional methods of sitting at a desk and learning with lectures and books. You have the freedom to learn your way at your own comfort level. Studies have shown that in online learning conditions perform better than those receiving traditional instruction (NCU). However, for some, lectures in the classroom are more beneficial to them since some need more a more hands on approach. A disadvantage of online learning is not having your degree being seen as creditable. Be sure that your college choice is accredited since there are many â€Å"Degree Mills† out looking for your money. There are many students and employers who are skeptics about how much you really do learn from online learning. According to Allie Bidwell from USA news, In a survey of 656 human resources professionals released Wednesday, the researchers found that although nearly half of employers said online-only programs require more discipline, 56 percent said they still prefer applicants with traditional degrees from an average university over those with an online degree from a top university. Overall, most employers (82 percent) said a combination of in-person and online education would benefit the majority of students (Bidwell, 2013). Most employers are going to view how effective an online education is by the quality of the new hires  they bring in. Cost is another consideration to think of when deciding to go online or traditional. Online education is less expensive since there are no extra fees for maintaining a large campus or classrooms. Some classes may not even require books for you to purchase. Either way you choose to go, there are still rules and guidelines that must be followed. Along with that, attendance is still a must with online education and participation in discussions just as you would participate in a classroom. Depending on the type of person you are and the lifestyle you live, either online or traditional education will be right for you. Before getting into either one, students should carefully research both to find out which is the right fit for them. References Bidwell, A. (2013). Employers and Students Remain Skeptical of Online Learning. Retrieved from http://www.usanews.com/news/articles/2013/09/20/employers-students-remain-skeptical-of-online-education North Central University. Online Education Versus Traditional Education. Retrieved from http://www.ncu.edu/why-northcentral/online-learning/learn-more Dudley, S. (2013) Why Online Education Is More Valuable than Traditional College. Retrieved from http:// http://www.wired.com/2013/11/why-online-learning-is-more-valuable-than-traditional-college/ May, R. Traditional Education vs Online Education-Should You Switch? Retrieved from http://www.businessdictionary.com/article/655/traditional-education-vs-online-education-should-you-switch/

SWOT Analysis and Literature Review of HSBC Bank

SWOT Analysis and Literature Review of HSBC Bank SWOT Analysis A scan of the internal and external environment is an important part of the strategic planning process. Environmental factors internal to the firm usually can be classified as strengths (S) or weaknesses (W), and those external to the firm can be classified as opportunities (O) or threats (T). Such an analysis of the strategic environment is referred to as a SWOT analysis. The SWOT analysis provides information that is helpful in matching the firms resources and capabilities to the competitive environment in which it operates. As such, it is instrumental in strategy formulation and selection. The following diagram shows how a SWOT analysis fits into an environmental scan: SWOT Analysis Framework Environmental Scan   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  / Internal Analysis  Ã‚  Ã‚     Ã‚  Ã‚  External Analysis /   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  / Strengths  Ã‚  Ã‚  Weaknesses  Ã‚  Ã‚     Ã‚  Ã‚  Opportunities  Ã‚  Ã‚  Threats | SWOT Matrix Strengths A firms strengths are its resources and capabilities that can be used as a basis for developing a competitive advantage. Examples of such strengths include: patents strong brand names good reputation among customers cost advantages from proprietary know-how exclusive access to high grade natural resources favorable access to distribution networks Weaknesses The absence of certain strengths may be viewed as a weakness. For example, each of the following may be considered weaknesses: lack of patent protection a weak brand name poor reputation among customers high cost structure lack of access to the best natural resources lack of access to key distribution channels In some cases, a weakness may be the flip side of a strength. Take the case in which a firm has a large amount of manufacturing capacity. While this capacity may be considered a strength that competitors do not share, it also may be a considered a weakness if the large investment in manufacturing capacity prevents the firm from reacting quickly to changes in the strategic environment. Opportunities The external environmental analysis may reveal certain new opportunities for profit and growth. Some examples of such opportunities include: an unfulfilled customer need arrival of new technologies loosening of regulations removal of international trade barriers Threats Changes in the external environmental also may present threats to the firm. Some examples of such threats include: shifts in consumer tastes away from the firms products emergence of substitute products new regulations increased trade barriers The SWOT Matrix A firm should not necessarily pursue the more lucrative opportunities. Rather, it may have a better chance at developing a competitive advantage by identifying a fit between the firms strengths and upcoming opportunities. In some cases, the firm can overcome a weakness in order to prepare itself to pursue a compelling opportunity. To develop strategies that take into account the SWOT profile, a matrix of these factors can be constructed. The SWOT matrix (also known as a TOWS Matrix) is shown below: SWOT / TOWS Matrix Strengths Weaknesses Opportunities S-O strategies W-O strategies Threats S-T strategies W-T strategies S-O strategies pursue opportunities that are a good fit to the companys strengths. W-O strategies overcome weaknesses to pursue opportunities. S-T strategies identify ways that the firm can use its strengths to reduce its vulnerability to external threats. W-T strategies establish a defensive plan to prevent the firms weaknesses from making it highly susceptible to external threats. HSBC HSBC is a global financial services company headquartered in London, United Kingdom. As of 2010, it is the worlds 6th largest banking and financial services group and the worlds 8th largest company according to a composite measure by Forbes magazine. It has around 8,000 offices in 87 countries and territories across Africa, Asia, Europe, North America and South America and around 100 million customers. As of 30 June 2010 it had total assets of $2.418 trillion, of which roughly half were in Europe, a quarter in the Americas and a quarter in Asia. HSBC Holdings plc was founded in London in 1991 by The Hongkong and Shanghai Banking Corporation to act as a new group holding company and to enable the acquisition of UK-based Midland Bank. The origins of the bank lie in Hong Kong and Shanghai, where branches were first opened in 1865. Today HSBC remains the largest bank in Hong Kong, where the Group Chief Executive is currently based, and recent expansion in mainland China, where it is now the largest international bank, has returned it to that part of its roots. Its primary listing is on the London Stock Exchange and it is a constituent of the FTSE 100 Index. It has secondary listings on the Hong Kong Stock Exchange (where it is a constituent of the Hang Seng Index), New York Stock Exchange, Euronext Paris and Bermuda Stock Exchange. As of August 2010, it was the largest company listed on the London Stock Exchange, with a market capitalisation of  £115.8 billion. History HSBC (acronym origin: the Hongkong and Shanghai Banking Corporation) was founded in the former British colony Hong Kong (in March 1865) and Shanghai (one month later) by Scotsman Sir Thomas Sutherland (1834-1922). HSBC Holdings plc established in 1990 became the parent company to The Hongkong and Shanghai Banking Corporation in preparation for its purchase of Midland Bank in the United Kingdom and restructuring of ownership domicile for the impending transfer of sovereignty of Hong Kong to China. HSBC Holdings acquisition of Midland Bank gave HSBC Group a substantial market presence in the United Kingdom which was completed in 1992. As part of the takeover conditions for the purchase of Midland Bank, HSBC Holdings plc was required to relocate its world headquarters from Hong Kong to London in 1993. Major acquisitions in South America started with the purchase of Banco Bamerindus of Brazil for $1bn in March 1997 and the acquisition of Roberts SA de Inversiones of Argentina for $600m in May 1997. In May 1999 HSBC embarked on a major acquisition in the United States with the purchase of Republic National Bank of New York for $10.3bn. Expansion into Continental Europe took place in April 2000 with the acquisition of Credit Commercial de France, a large French bank for  £6.6bn. In July 2001 HSBC bought Demirbank, an insolvent Turkish bank. Then in August 2002 HSBC acquired Grupo Financiero Bital, SA de CV, Mexicos third largest retail bank for $1.1bn. The new headquarters of HSBC Holdings at 8 Canada Square, London officially opened in April 2003. Then in September 2003 HSBC bought Polski Kredyt Bank SA of Poland for $7.8m. In June 2004 HSBC expanded into China buying 19.9% of the Bank of Communications of Shanghai. In the United Kingdom HSBC acquired Marks Spencer Retail Financial Services Holdings Ltd for  £763m in December 2004. Acquisitions in 2005 included Metris Inc, a US credit card issuer for $1.6bn in August and 70.1% of Dar Es Salaam Investment Bank of Iraq in October. In April 2006 HSBC bought the 90 branches in Argentina of Banca Nazionale del Lavoro for $155m. In December 2007 HSBC acquired The Chinese Bank in Taiwan. In May 2008 HSBC acquired ILFS Investment, an Indian retail broking firm. SWOT Analysis of HSBC Strengths The bank is well capitalised and this has enabled it to perform relatively well against other banks in recent economic events. The level of capitalisation means that, going forward, the bank is unlikely to need to borrow from the UK government: this will enable it to retain more autonomy. The bank has a strong presence in emerging markets, putting it in a good position to take advantage of future growth in those economies. The banks global presence in Europe, Asia and South America helps to spread risk and offers significant economies of scale. Despite rebranding relatively recently (1999), the HSBC brand has become well-established and is considered particularly valuable within the industry. Weaknesses HSBC associates itself strongly with investment in the small business sector, but the current economic situation has led to increased risks, potentially compromising the activity levels in this area of the operation. The bank was involved with sub-prime markets in the US and has had to write off large figures lent to high-risk borrowers. Despite falls in the UK interest rate, HSBC has increased its mortgage rates. This may be perceived negatively by borrowers and potential borrowers, adds pressure to an already depressed housing market and could ultimately lead to more defaulting as borrowers struggle with higher repayments. A redundancy programme announced recently may affect morale among staff, leading to decreased production and loyalty. HSBCs branding emphasises its global presence, and this may be seen negatively by some customers in its implication of homogenisation and lack of personalisation. Opportunities HSBCs high level of capitalisation places it in a strong position to acquire assets Banks finding trading conditions particularly difficult at present may be available at low cost HSBC also has adequate capital to purchase stronger banks such as Bank Ekonomi in Indonesia, in which it has purchased a stake to continue its Asian expansion despite challenging economic times. HSBCs generally strong position presents the opportunity to outperform competitors during the economic downturn and to build a reputation for being one of the safer banks for depositors, helping to increase resources for lending. Negative press coverage of competitors such as HBOS may encourage customers to choose HSBC instead. Threats Trust in banks has decreased due to financial losses suffered by investors, who may be more inclined to invest elsewhere. Financial losses affecting banks and investors on a global scale have resulted in less credit being available to customers. In the UK this is coupled with increases in living costs resulting in less money being saved. The falling property market has created a rise in numbers of homeowners with negative equity. If a property is worth less than was borrowed to finance its purchase, there is little likelihood that the bank will recoup all its losses if owners default. Claims have been made that HSBC has understated losses resulting from US sub-prime markets, and this could undermine confidence in the bank. Literature Review Article 1: HSBC moves private bank boss Chris Meares to Asia The head of HSBCs private banking business has become the latest of the banks senior managers to move from London to Hong Kong. By Harry Wilson Published: 6:00AM BST 22 Oct 2010 Chris Meares, chief executive of global private banking at HSBC, will move out to Hong Kong as part of a reshuffle of the divisions management, though the businesss will remain headquartered in London. Mr Meares move to Hong Kong follows that of HSBC chief executive Michael Geoghegan at the start of the year. Since then several senior HSBC managers have moved out to Hong Kong, while Stuart Gulliver, who will takeover as chief executive from Mr Geoghegan in January will also move from London to Hong Kong. Mr Gulliver, who currently runs HSBCs global investment banking business as well as its European operations, has spent much of his career in Asia. Speaking recently, he refused to confirm whether HSBCs headquarters would remain in London, with speculation growing that the bank could return to its historic home. In September, Mr Gulliver said he was genuinely concerned that the Government-appointed Independent Banking Commission could recommend the separation of retail and investment banking businesses. Hong Kong is keen to promote itself as an alternative to London and the senior officials from the city have been visiting the UK to promote the advantages of moving business there. Standard Chartered, which has large Asian operations, is also seen as another bank that could move its headquarters out of London and its chief executive, Peter Sands, has made clear his concerns over the increasing amount of regulation in Europe and the UK. HSBCs decision to move of its private banking head to Asia in large part reflects the opportunities the bank sees in capturing a larger slice of Asias growing wealth. In a statement yesterday, HSBC said Mr Meares, along with the other management changes in its private bank was part of a strategy to take advantage of the entrepreneurial wealth creation taking place in emerging markets. Analysis Of Article This article is regarding transfer of chief executive of global private banking,Mr Chris Meares, who is being replaced by Michael Geoghegan at the start of this year. Since the transfer of Mr Meares several more managers of HSBC have moved out of Hong Kong. Mr Stuart Gulliver who is taking over Mr Geoghegan is also moving out of Hong Kong Mr Gulliver, currently running HSBC Investment Banking and European Operation, has spent much time in Asia. He recently, while talking to media, refused to confirm that if the business is moving its headquarters to its native home that is Hong Kong. In September Mr. Gulliver expressed genuine concern over Independent Banking Commission appointed by government to recommend separate banking for Retail banking and Investment Banking. Hong Kong section of HSBC is much interested in promotion itself as an alternate to London. Official of Hong Kong are visiting UK to convey advantages of moving to Hong Kong. Standard Chartered, having large Asian operation is also seeking to move its headquarters out of London and their chief executive too. HSBCs idea of moving its private banking head to Asia reflects the opportunities that the bank is seeing to capture Asias growing wealth. Conclusion Positive Point:- It will help to increase profits for the company. Will help to gain wealth of Asia. Will provide employment Will help to further improvement of the company. Efficient and Effective working of management. Negative Points:- Very risk Can lead to losses Can also lead to demoralisation of other managers. Article 2 : HSBC, Deutsche Bank Complete 1st Yuan-Denominated IRS In HK OCTOBER 22, 2010, 6:01 A.M. ET HONG KONG (Dow Jones)HSBC Holdings PLC (HBC) and Deutsche Bank AG (DB) completed the first yuan-denominated interest rate swap deal in Hong Kong, the U.K. lender said Friday, in another sign of growing activity in the offshore yuan market. The IRS deal, which was completed Thursday, will be delivered in two years and is based on the three-month Shanghai Interbank Offered Rate of 3.37%, HSBC said. HSBC declined to disclose the size of the deal, though a local broker said the deal was valued around CNY5 million. The new deal came amid Chinas efforts to boost yuan circulation in Hong Kong and to internationalize the currency. The market for yuan-denominated instruments outside mainland China has begun taking off as China experiments with loosening its controls on the currency, which isnt freely convertible. Yuan IRS products in Hong Kong had earlier been denominated in the U.S. dollar and were non-deliverable. Analysis HSBC and Deutsche Bank AG completed first Yuan-denominated interest swap rate deal (IRS) which is another sign of growing activity in the offshore yuan market. This deal was completed on Thursday and will be delivering in two years and based on three month shanghai Interbank offered rate of 3.37%. HSBC denied to disclose size of the deal but a local broker estimated this deal for about CNY5 Millions. This deal came after chinas efforts to boost yuan circulation in Hong Kong ant to internationalize the currency. The market for yuan denominated instruments outside china has started to take off as China is experimenting with loosening its control on the currency, which isnt freely convertible. Yuan IRS products in Hong Kong had earlier been denominated in the U.S. dollar and were non-deliverable Conclusion Positive Point:- Growing activity in offshore of Yuan market. Boost yuan denominated instruments outside china. China loosening its control on the currency of yuan. Internationalize the currency. Promote IRS products. Negative Points:- Delivering in two years. Big market of US to compete with,which can result in losses BIBLOGRAPHY http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8079081/HSBC-moves-private-bank-boss-Chris-Meares-to-Asia.html http://online.wsj.com/article/BT-CO-20101022-704524.html http://en.wikipedia.org/wiki/HSBC http://www.microfinancefocus.com/news/tag/hsbc .