Critically examine the role of international credit in contemporary Essay - 2

Critically examine the role of international credit in contemporary economies - Essay Example One of the major developments after the Second World War period was the internationalization or liberalization of the financial markets with United States of America on the front. The multinational corporations of USA spread their financial dealings and operation to different bases across nations. Simultaneously a large amount of funds were allocated for purchase of treasury bills of USA. The banks of USA have also spread their operations worldwide during the seventies. International operations contributed to around 20 percent of the total income of the American banks. International credit provides certain distinct benefits to the people of the borrowing nation. These funds obtained through international credit help in financing the projects of local firms and the government. International financial system offers different opportunities of diversification to an investor, which might not be locally available. However, when an economy joins the global financial markets, certain economi c variables may be restricted as well as the effectiveness of certain basic economic and national policies. For instance the capital mobility across the world has automatically restricted the movements of domestic interest rates and also the control of money supply becomes so difficult under fixed exchange rates. Before economic transactions occur between the residents of different nations, certain arrangements are require making payments effective as well as bringing about the exchange or transaction successfully. The arrangements required need to address the political regimes, legal systems and the customary process of doing business in various countries. The basic of the international monetary system centers on the barter system prevalent in history. To make the exchange procedures convenient and easy to handle, a rage of monetary arrangements came into operation.

The Developing Manager Assignment Example | Topics and Well Written Essays - 2500 words

The Developing Manager - Assignment Example This therefore means that they are all important, with the main goal being the identification of weaknesses and working on them. The following discussion will focus majorly on managerial skills and leadership characteristics that bring success in the hospitality industry. Question 1.1 Compare and contrast 3 different management styles that are used in an international hotel of your choice For the purpose of this discussion, the Hilton Hotel has been selected for analysis and completion of the assignment. The three main management styles in the hospitality industry are direct authoritative, pacesetters, and democratic affiliative. In the former category, the manager sets very high standards, and ensures that the performance is consistent (Cousins, Foskett, & Gillespie, 2000, 110). They do not tolerate non-performing members. Pacesetters make personal high standards within the organization. They are hard-working and hence motivate the rest of the employees to emulate them. Finally, the democratic affiliative managers ensure they involve others in making decisions, before they can set the standards. All the three are related in the sense that they are aimed at setting high standards within the international hotels. Managerial styles play a significant role in the international hotels (Cousins, Foskett, & Gillespie, 2000, 124). ... Managers understand that they do not have all the answers, hence involve other members. The other comparison is that the managers are the final decision makers. This is especially when the committee fails to agree on which direction should be followed to achieve certain goals. This owes to the fact that the managers have the duty to ensure that the hotels remain functional. They have the right of making any informed decisions, since they will be responsible for failing to act. Thirdly, the three types of managers are the main people behind the mission, vision and goals of the institution. They have articulated them, prompting them to make decisions, and proposals that are in line with what the hotel intends to achieve. For this reason, any activity taking place within the business has to be aligned with the set objectives. Fourthly, the three types of managers have the responsibility of maintaining discipline within the staff members. They reward and punish those who perform exceptio nally, and those who fail to adhere with the rules and regulations respectively. For instance, they may reward employees through promotion, increased wages and salaries, and creating an opportunity for them to add more skills and knowledge. On the other hand, non-compliant employees may be punished through sacking, especially when they are involved in gross misconduct. This is done with an aim of ensuring that all the staff members adhere to the set rules and regulations. This also ensures that the relationship between the customers and the hotel is enhanced. In addition to that, the reputation of the hotel is upheld, which is imperative in a competitive environment. Another major comparison between the three is that the managers set the organization culture. The latter

Garnet lake in Prescott Arizona Essay Example | Topics and Well Written Essays - 750 words

Garnet lake in Prescott Arizona - Essay Example The geology is quite breathtaking with the banner peak, which stands at 3,943 meters, being Ritter Range’s second tallest peak in the Sierra Nevada region (Siragusa 46). The lake is surrounded by a mountainous landscape whose slopes are adorned by a few glaciers. The lake and the surrounding mountain peaks are to be found within the Ansel Adams Wilderness and is part of several lakes that lie within this area. The other lakes include Lake Ediza, Shadow Lake, Lake Catherine, and the Thousand Island Lake (Siragusa 50). Banner peak was the most striking geological feature around the lake. During the observation period, I was able to witness the formation of banner clouds at the top of the adjacent Banner Peak. Garnett Lake is best known for the work that was done by Ansel Adams, an American film maker and photographer, as well as environmentalist, whose black and white pictures photographs of the surrounding area became famous around the same time that Americans began to get envi ronmentally conscious (Siragusa 61). It was at this site that Ansel Adams, together with Fred Archer, developed the zone system so as to make a determination of proper exposure, as well as the improve the, final print’s contrast. In conjunction with Willard van Dyke, Adams Ansel, founded Group f/64 and the pictures, films that they reproduced as a group are famous and have been reproduced in books, on posters, and calendars, making photographs of the region, and especially Garnet Lake, distributed widely around the world. On my trip to garnet Lake, I was so enchanted by the lake and surrounding scenery that I could not stop taking photographs. I had seen the lake on numerous geographically themed shows, calendars, and postcards, but seeing the lake first hand was just breathtaking. I found solace in its solace, artistic inspiration, and its pure sense of adventure, which I found in plenty among the brooding and cloud-laden skies, snow swept passes, and jagged granite peaks. I was inspired to visit the lake in the hope of seeing what had inspired Ansel Adam in essence I was not disappointed. Approaching the lake from the River Trail from the trees at 9,833 feet, I truly admired the splendid prospect set against strong and slanting sunlight. The lake, strewn with boulders, was surrounded by alpine meadows and anchored by Mount Ritter and especially Banner Peak. Suddenly, everything seemed to fall into place in an unbelievably agreeable manner with the mountain, clouds, and rock providing magic of unity that was simply unprecedented in my book. I wandered around the lake carefully, balancing, sometimes precariously, on large boulders, and scrutinizing the scene. The sun, peeking intermittently through the clouds, was roasting at times. I attempted to locate a scene from one of Ansel Adams’ famous photographs and found one of them that captured Banner Peak, the clouds, and the glimmering lake. The scene was more enchanting than I expected, except for the lack of pine to its right and feathery clouds that hugged the mountain peaks in the photograph. This was my only disappointment since the many photographs that I had seen of this beautiful lake had

Why Is Homeschooling Better than Public Schools Speech Essay - 10

Why Is Homeschooling Better than Public Schools Speech - Essay Example In less than two months, all of us we will be through with our assignments and syllabus. No influence from other children and outsiders, the health of our children will be under close monitoring of the parent and every stage of the child development will be noted (Stevens, 2001). If you have not guessed of what I am touching on, I am talking about homeschooling. In 2013 alone more than 2.05 million US students were homeschooling. This was an increase of 75% from 1999. Not only in the US where homeschooling has been adopted, in Indonesia as indicated by Home School Legal Defense Association, more than 3000 families have now turned to homeschool as their best way to educate and shape their children. a. It is obvious that the major difference between homeschooling and public school is that the former is safer since the parent is with her or his child all the time. In public schools, bullying is very common, a vice affects the motivation of the children leading to poor performance. While parents who take their children to public school are not aware of what may happen to the child, parents who educate their children at home closely monitor their children and in case of any behavioural deviation, they address it on time. a. A major misconception about homeschooling is that it makes the children not to be exposed to life experiences. This is not true as far as I am concerned. Homeschooling children have adequate time to go for outing and meet their friends for example during the weekends (Welner and Kevin, 1999). Through social media, they can intermingle with their colleagues. There is no discrimination based on race, religion or nationality at home. Just by being comfortable during and after studying, the children are motivated to study the following day and they do not worry school as compared to their public school counterparts. b. More than 70% of homeschooling children take the career they choose. They are not influenced by their friends neither do the parents force them.

Can Scotland reach it's target of generating 50% of it's electricity Essay

Can Scotland reach it's target of generating 50% of it's electricity from renewable sources by 2020 - Essay Example These areas, should they continue to depend on fossil fuels, they risk the occurrence of being dysfunctional in the future. The problem with using fossil fuels to provide power and electricity is that in addition to not being environmentally friendly, these fossil fuels are easily depleted (Gowdy 1998). In fact, it has been predicted that if the world were to still depend on fossil fuels such as oil, there is a high occurrence for oil to expire in the year 2050. Other fossil fuels have been predicted to deplete within the years 2020 to 2030. Natural gas, on the other hand, has been predicted to not be available in the market anymore by the year 2040. Consequently, coal as an energy resource has also been predicted to expire before the year 2100. Uranium as well, has been said to reach the stage of depletion starting from the middle of the 2030s (Droege 2002). The UK Renewable Energy Advisory Group (REAG) has identified renewable energy to be energy that is produced naturally by the environment to be used by man for his own use and benefit (REAG 1992). In Europe, it has been said that renewable energy resources supply 5.3 percent of the total energy being consumed by the entire continent. In the United Kingdom, renewable resources make up only 1 percent. However, in a green paper presented by the European Commission in the year 1996, it has been revealed that members of the European Commission shall increase its target to 12 percent by the year 2010. This easily translates to a significant decrease in the carbon dioxide emissions to around 250 million tonnes. Of course, over the years, the percentages have increased and according to a report released by the EU, it has been revealed that the target of EU member countries would be to make sure that at least 20 percent of their energy needs are derived from renewable energy resources by the year 2020. Based on the report, it has been mentioned that the

Methodology and Design Essay Example | Topics and Well Written Essays - 1750 words

Methodology and Design - Essay Example e cupcake business, questionnaires on online shopping, focus group with potential customers, and pilot study through selling of cupcakes at a local event. The in-depth look into the various elements of achieving a good research was the key aspects of the design methodology. The study also adopted secondary data such as review of the reported cases from the university, the university policy and the government policy on how the online business platform should be handled. The target population will be the businesspersons from both the online and physical cupcake enterprises with main focus on the former. The online businesses experts will also be engaged in an in-depth interview with the main focus being getting the expertise view into the venture to undertaken. The sample population for the study is also targeted at the customers of the cupcake. This is targeted as a means of getting to know their take on the business to be ventured into. A maximum number of five potential customers are to be interviewed in some kind of focus group. A local population is also targeted as part of the research sample. The local event is to be used to carry out pilot study through the selling of sample cupcakes. To achieve the objectives of the research, questionnaires were used to collect data. Secondary data i.e. the business experts in the field and also the research resources already gathered from the very line of business. Online business gurus are also to be involved. The questionnaires in both closed and open ended. The questionnaires were pretested for content validity and reliability. The interview method was administered on few experts to gather more useful information for the study. To ensure face validity and content validity of the questionnaires, the researcher intends to consult a number of experts in the field of computing, website and the online businesses shoppers. The question was pilot tested on a number of respondents within the local population at a local

Historical Example of Labor Supply and Demand Essay Example for Free

Historical Example of Labor Supply and Demand Essay The Luddite Revolt was a part of history that was relatively unknown to me. As such I decided to read it in great length. What I discovered was that at the dawn of the industrial revolution there became massive unemployment. This is because traditional craftsman were obsolete to some of the new manufacturing processes of the day. The industrial revolution made handmade crafts a thing of the past. The luddites were not adapted to handle the situation. These craftsmen felt so threatened by the new technology that they resorted to breaking the means of production associated with it. In 1816 there was a violent revolt of a Luddites which resulted in the breakage of 53 frames at Heathcote and Boden mills in Loughsboro UK. The cost of this revolt was significant. With automated machines now able to produce goods at a faster and cheaper rate than individual merchants these people found themselves without economic viability. They were reduced to being unskilled factory workers instead of the skilled craftsmen they had been before. Consequentially their wages suffered. Work that would have gained someone financial stability or independence was now paid at a substantially less price. In addition these folks didn’t have the ability to sell their own goods any longer. As they were now working in someone else’s factory they had little or no control over what was the asking price of the end product. The frustration these people felt led to the Luddite Revolts.