Summary of a chapter Essay Example | Topics and Well Written Essays - 250 words - 1

Summary of a chapter - Essay Example Brown’s God and Igbo gods but Mr. Brown responds as if he does not feel the need to support the claim. This response shows that he believes community’s religion does not require an explanation and is just correct. For instance, when Akunna says: â€Å"†¦or Chuckwu (Whittaker and Msiska, pg 129). He appoints the smaller gods to help him because his work is too much for one person.† which Mr. Brown replies angrily and becomes disrespectful to Akunna. Hence, Mr. Brown’s disrespectfulness is not intentional but to persuade the people to change to Christianity. The villagers do not understand the Christian faith since they did not know more about the white men.This happens Okonkwo is resistant to the onset of the missionaries as they tend to undermine the community’s life long culture to please it gods and ancestors. This feeling of absolute betrayal is seen in Okonkwo when his son Nwoye transfers and joins the missionaries. This is evident by the quote, â€Å"The white man is very clever. He came quietly and peacefully with his religion. We were amused at his foolishness and allowed him to stay. Now he has won our brothers and our clan can no longer act like one. He has put a knife on the things that held us together and we have fallen apart† (Whittaker and Msiska, pg129), Nwoye however, sees the whites as more compassionate so he finds understanding them easy. Therefore, the new converts are seen as outcasts and that lack of understanding between the remaining people of the tribe is seen as the matter holding the community apart. If both groups were willing to agree and comprehend one another then there would be more improvement (Whittaker and Msiska, pg129). But this cannot happen since; both the tribe and the missionaries have diverse perceptions on the one true god. Eventually, the clan has a big problem in understanding the Christian beliefs because they have conformed to untouched tribal existence for a long time. In

Fast Food Essay Example for Free

Fast Food Essay Most of people prefer to eat fast food such as hamburgers, fried chicken, shawarma or pizza and they dont know that this food will lead them to many health diseases. The main reason of eating fast food that many people are working long hours, shifts, or extended school hours and this will result in less time being available for cooking. The purpose of this essay is to discuss three effects of fast food eating which are the obesity, the loss of the family tradition of eating together and the cost of doing it. The first effect of fast food is that it causes obesity. People when they eat too much fast food will be more able to obtain fat; as a result, it will lead to more dangerous diseases, for example, high cholesterol, heart attack and high blood pressure. Also, teenagers who are suffer from overweight, they are mostly loss confident of themselves, like to be alone all the time and they are more obvious to have depression, Fatigue and Physical illnesses. The second effect of fast food eating is that it is making people isolated from the society. Sitting around the table with the family allows to share about their day and for parents to know more about their children. So, people when eating in the restaurant and spend most of their time outside; consequently, they are more likely to drink alcohol, smoke cigarette and try marijuana. The third effect of eating fast food is that it will eventually result in kills our personal budget. Fast food restaurant make their food taste good by add sugary substances. This also makes you want to come back, spending more money on food than necessary. These are three out of many other effects that fast food can have; however, to any sensible person they are more than enough to realize that fast food is bad. People cannot proud of being fat. It is terrible for health as well as personal appearance. In the end, those people who eat fast food are tend to be overweight, less time with family and live in poverty. Therefore, you should reduce eating too much of fast food.

Economic Development Of Vietnam And China Economics Essay

Economic Development Of Vietnam And China Economics Essay China has been a remarkably successful economy since its adaptation of market-oriented reforms in 1978. The countrys real GDP growth has averaged about 9% each year from 1979 to the present (Naughton, 1995). Vietnam has also gone through a terrific economic development after the countrys transition process from centrally-planned economy to a market economy and it also gone from a poor to a middle-income country in just 20 years. This essay is devoted to give an overview how the gradualist path of economic reforms of the late 1970s and early 1980s affected both Chinas and Vietnams economies and led to a high rate of development. I will analyze what factors made both countries to choose gradualism in contrast with Shock Therapy also known as Big Bang approach. While various scholars debate which approach leads to a better performance, I will demonstrate that in the case of China and Vietnam the gradualist approach turned out to be the more efficient one. Over the past five decades, East Asia has emerged as a region with several spectacular stories (i.e. Hong Kong, Singapore, Taiwan) of catch-up development. Both China and Vietnam have achieved remarkable economic growth since their economic reforms. Scholars (i.e. Popov, 2007) argue that the transformation of these two countries was caused by the adverse supply shock that resulted from deregulation of prices and change in relative price ratios that created the need for reallocation of resources in order to correct the industrial structure inherited from centrally planned economy. The end of Cultural Revolution in China in 1976 revived the two competing forces of institutional centralization and accelerated growth, which in contrast requires decentralization (Riskin, 1987). Two years later, in 1978, a plan of reform was adopted to deal with the imbalances in the economy. The transition strategy undertaken by China is termed a dual track reform path because there is both a planned and a market part of the economy. In this dual track path, there was not only one single reform attempted at one time, but different programs were also tried simultaneously until the new reform measure could replace the old system. In the case of big-bang reform, the old system is usually destroyed before the new system takes place. Vietnam has gone through a similar transformation over the past 20 years and shifted its economy from a centrally planned economy to a Socialist-oriented market economy. In 1986 the government introduced a policy package which is often referred as economic reform (Doi Moi). It combined government planning with free-market incentives and encouraged the establishment of private businesses and foreign investment, including foreign-owned enterprises. Both countries began their economic development from their agriculture sector, and in both cases, their attempts to build a Soviet-style economy failed, during their pre-reform period (Vu, 2009) Today both countries are major players in the global economy, where Vietnam is the worlds leading exporter of pepper, seafood, rice, coffee (Backman, 2007) and China is the second largest economy in the world after U.S. One might ask, how both of these countries with a Communist government could achieve such high level of economic growth, hence in order to understand how their transformation led to todays development, it is important to compare and contrast gradualism with shock therapy economic reform approaches. Big bang versus Gradualism A big bang or shock therapy approach implements various reforms on (monetary policy, privatization, trade and exchange rates etc.) quickly, whereas the gradualist approach spreads various reforms over an extended period of time. There are several arguments in support of big-bang approach to various types of reform. First, in the context of privatization, a big-bang approach provides a critical scale of privatized sector in the economy so that the privatized firms will be efficient (Roland and Verdier, 1992) Second, a big bang may increases the credibility of a reform (Lipton and Sachs, 1990) Third, the gradualist alternative gives time to reform opponents to organize themselves and thus invites a more formidable resistance (Krueger, 1993) In addition, in the context of price reforms, a gradual reform is undesirable, because it may induce an intertemporal speculation (van Wijnbergen, 1992). Finally, a big-bang approach brings the benefits more quickly (World Bank, 1991). On the other hand, there are various supportive arguments for a gradualist approach as well. The earliest statement in favor of this approach is from Confucius: More haste, less result. First, a gradualist approach may avoid excessive cost, especially for the government budget (Dewatripont and Roland 1992; Nielsen, 1993). Second, it avoids an excessive reduction in living standards at the start of a reform (Wang, 1992). Third, it allows trial and error and mid-course adjustment (World Bank, 1991). Fourth, it helps a government to gain incremental credibility (Fang, 1992). When the outcomes of reforms are uncertain to individuals, a gradual approach splits the resistance force and can thus increase the programs chance of surviving attacks by special interest groups (Rodrik, 1990). Gradualist approach to reform can be defined as a sequential implementation of minimum bangs (terminology from Williamson, 1991). A minimum bang is a simultaneous implementation of a minimum set of reforms that can be i mplemented independent of other reforms without failure. It is important to note though that, even across a set of minimum bangs, a gradualist approach may not always be better than a big bang. A reform program may not be able to overcome political resistance, if it is implemented by shock therapy, but it may become politically viable if it is implemented by a gradualist approach. Friedman and Johnson (1995) argued that in the presence of complementarities between government policies and enterprise attributes and convex adjustment costs for enterprises (i.e. costs increasing with the speed of reforms) radical shock-therapy reforms might not necessarily be optimal. Countries that chose to follow the big bang approach, found themselves in a supply-side recession, where the excessive speed of change in relative prices required the magnitude of restructuring that was simply non-achievable with the limited pool of investment. The speed of adjustment and reallocation of resources in every economy is limited, if only due to the limited investment potential needed to reallocate capital stock. This is one of the main rational for gradual, rather than instant, phasing out of tariff and non-tariff barriers, of subsidies and other forms of government support of particular sectors. This can be used as a powerful argument against shock therapy, especially when reforms involved result in a sizable reallocation of resources. It is also important, that the pace of liberalization had to be no faster than the ability of the economy to move resources from non-competitive to competitive industries. Differences in performance during the initial stage of transition depend strongly on the initial conditions and external trade patterns. In addition, changes in the institutional capacity of the state have dramatic impact on performance. Economic reforms in China and Vietnam after the pre-reform period It is definitely the strong institutional framework that should be held responsible for the success of gradual reforms in China and Vietnam, where strong authoritarian regimes were preserved and centrally planned economy institutions were not dismantled before new market institutions were created. The shock-therapy approach was not desired by China, because of its radical reform programs, therefore the gradualist approach was more likely to be successful, due to Chinas under-developed and under-industrialized economy with a large rural surplus of labor force. Chinas economic reforms can be divided into separate eras. The first one, which extends from Deng Xiaopings 1978 opening and reform to the early 1990s, the Communist Party emphasized rural development with relatively little interference from above, where the result was an explosion of small- and medium-sized businesses that created an enormous rise in employment and wealth. Deng created his first special economic zones in places along the coast, such as Shenzhen, where there was relatively little established industry. So the new companies that sprang up there were almost entirely private. Foreign investors piled in, but mostly under conditions that did not disadvantage local entrepreneurs. Outcome: everyone got rich together. Centrally planned economy was no longer viable in China; therefore changes were required to promote economic growth. Consequently, without a definite model in mind, China underwent a lengthy path of adjusting reform objectives from a planned economy with some market adjustment to a combination of planned and market economy to a socialist market economy. In Vietnam, economic reforms started in 1986 and they resembled very much Gorbachev-type marginal reforms in the same period. Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration. They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive export-driven industries. In both Vietnam and China the economic reforms were initiated under certain circumstances that provided three critical factors for change: receptivity, crisis and opportunity (Vu, 2009). During their pre-reform period (China: 1953-1978; Vietnam 1954-1986)Â  [1]Â  they made extraordinary efforts to build their socialist economies, but they experienced failure rather than success. China was impoverished by the Cultural Revolution, while the Vietnamese economy was ruined by the collectivization of land, nationalization of privately owned industrial and trading establishments and socialist ideology-driven initi atives (Vu, 2009). Reforms became possible because of various internal and external factors in both countries. In China, the death of Chairman Mao in 1976 paved the way for Deng Xiaoping and his economic reforms, while in Vietnam, the radical reform programs launched by Gorbachev in 1985 in the Soviet Union, which was then Vietnams role model for economic development as well as its main provider of aid, to some extent were an inspiration for the Vietnamese leadership. Fforde and Vylder (1996) observed that the similar circumstances leading to reforms in China and Vietnam are behind the fact that the reforms in both countries were more economic than political. While the reforms in China and Vietnam were initiated under the pressure of economic despair and the need of finding a new way to recover the economy, the main concern of the leadership in both countries was to maintain political stability and the absolute power of the Communist Party. As a result, to justify the legitimacy of the political system, both countries chose a gradualist approach to reform with a special focus on economic growth. A big bang approach and a possible unsuccessful outcome of a reform could have destroyed the parties credibility and led to an up rise within the country, of what the regime would not have survived, so the two countries had no other choice than introduce new economic reforms only step by step. This gradualist approach addressed the easy problems first and left the hard ones for later. A radical approach (big bang) would aim to maximize efficiency gains and minimize the political costs of reform. The pacing and sequencing method of the gradualist approach gained popularity in both countries at the expense of advocating for immediate liberalization. One important feature of reforms is that people are not sure usually whether they are necessarily gainers or losers of a certain reform, therefore I believe that a gradualist approach may be politically more sustainable than the big bang approach, because it splits the resistance force and allows uninterrupted political support for the reform. On the other hand, if a reform program is strong at the start and well supported by the public, then a shock therapy approach is better both because it brings the benefits faster and because it is politically preferred to various schemes of partial or gradual reforms. There are of course other factors as well (export oriented industrial policy) that contributed to the rapid growth of these Asian transition economies and not just gradualism. Conclusion It is clear to see by now, that both countries went through huge changes in their economies in the past 20-30 years. The Communist leadership was able to maintain their power, but also open up more and create a unique socialist-market economy, where the state still owns the major industries such as telecommunications, national railroads, airlines and power. While there is only one direction for both China and Vietnam more economic reform and liberalization the Communist Party of these governments will certainly not tolerate any challenge to their power. They want economic change but not political one. While the two countries initiated their economic reforms from comparable economic and social conditions and have rather followed similar approaches to reform and economic management. Since the launch of these reforms, both countries have made impressive achievements in their growth performance; however their growth patterns have significantly diverged. China has far outperformed Vietn am in both the pace and the efficiency of growth. I dont think that there is need for comparison though, when both their historical and economic backgrounds, prior to the reforms, were different and also given the size of the two countries, China surely has an advantage due to its huge population. It is also important to keep in mind that while China has an advantage in government effectiveness, its institutional foundation remains weak, which is rather comparable with Vietnam. One of the issues that I found during my research is that in making comparative analysis between the shock therapy and gradualist approach, the country cases for big bang outnumber the countries that followed a gradual path and succeeded. China and Vietnam seem to be the only ones in comparison with a great amount of other transitional economies that followed the big bang approach. In this regard, the investigation of other similar cases following the gradual approach would be worth studying to have a better understanding and also a more accurate comparative analysis on different transitional paths adopted among different transitional economies. References: Backman, Michael. Chapter 16 Is Vietnam the New China. Asia Future Shock: Business Crisis and Opportunity in the Coming Years. Basingstoke: Palgrave Macmillan, 2008. pages 110-118 Dewatripont, M., and G. Roland (1992) The virtues of gradualism and legitimacy in the transition to a market economy. Economic Journal 102, 291-300 Fang, Xinghai (1992) Economic transition: government commitment and gradualism. Working Paper, Stanford University Khuong M. Vu. Economic Reform and Performance: A Comparative Study of China and Vietnam. China: An International Journal 7.2 (2009): 189-226. Project MUSE. 15 Apr. 2010 Krueger, Anne 0. (1993) Political Economy of Policy Reform in Developing Countries (Cambridge, MA: MIT Press) Lipton, D., and J. Sachs (1990) Creating a market economy in Eastern Europe: the case of Poland, Brookings Papers on Economic Activity 1, 75-147 (1990) Naughton, Barry. Growing out of the Plan: Chinese Economic Reform, 1978-1993. New York, NY: Cambridge UP, 1995. Riskin, Carl. Chinas Political Economy: the Quest for Development since 1949. Oxford [Oxfordshire: Oxford UP, 1987. Roland, Gerard, and Thierry Verdier (1994) Privatization in Eastern Europe: irreversibility and critical mass effects. Journal of Public Economics 54(2), 161-83 Rodrik, Dani (1990) How should structural adjustment programs be designed, World Development 18, 933-47 Van Wijnbergen, S. (1992) Intertemporal speculation, shortages and the political economy of price reform. Economic Journal 102, 1395-406 Vladimir Popov, 2007. Shock Therapy versus Gradualism Reconsidered: Lessons from Transition Economies after 15 Years of Reforms1, Comparative Economic Studies, Palgrave Macmillan Journals, vol. 49(1), pages 1-31, Wang, Yijiang (1992) East European puzzle and Chinese enigma: institutional changes as a resource allocation problem. Paper presented in Anaheim, January 1993. Working Paper, University of Minnesota World Bank (1991) World Development Report 1991: The Challenge of Development (New York: Oxford University Press) http://www.arts.usask.ca/economics/skjournal/sej-3rd/Lynden.htm Accessed: 05.01.2010 http://dspace.anu.edu.au/bitstream/1885/40425/1/cu99-5.pdf Accessed: 05.03.2010

Matrix Organizational Structure Essays -- Business Management

Organizational structure is the way that an organization arranges people and jobs so that work can be performed and goals can be achieved. Good organizational design helps communications, productivity, and innovation. Many organization structures have been created based on organizational strategy, size, technology, and environment. Robbins and Judge (2011, p. 504) listed three common structures: simple, bureaucracy, and matrix. In this post the author will describe the matrix structure, and discuss its advantages and disadvantages. Matrix structure is first introduced in the aerospace industry in the 1960s and become one of the popular organizational design options in today’s business and industry (Derven & Alexandria, 2010). Burns and Wholey (1993) poinited out that matrix structure were used in advertising agencies, aerospace firms, research and development laboratories, hospitals, government agencies, and universities. Matrix structure is the combination of two or more different structures and take the advantages of the pure functional structure and the product organizational structure (Robbins & Judge, 2011, p. 497). The employees in the matrix may have two bosses: their functional department managers and their product managers. For example, all engineers may be in one engineering department and report to an engineering manager, but these same engineers may be assigned to different projects and report to a project manager while working on that project. In many organizations, a matrix structure is i mplemented to address the requirement to do more with less and become more agile. The matrix structure, which focuses on horizontal as well as vertical management, has become more widespread as a result of globalization and the... ...llustrate his points. References: Burns, L. R., & Wholey, D. R. (1993). Adoption and abandonment of matrix management programs:Effects of organizational characteristics and interorganizational networks. Academy of Management Journal, 36(1), 106-139. Carter, L., Ulrich, D., & Goldsmith, M. (2005). Best practices in leadership development and organization change: how the best companies ensure meaningful change and sustainable leadership. San Francisco, CA: John Wiley and Sons. Derven, M., & Alexandria, T. D. (2010). Manging the matrix in the new normal. T + D. Alexandria, 64(7), 42-49. Robbins, S. P., & Judge, T. A. (2011). Organizational behavior (14 ed.). Upper Saddle River, NJ: Pearson. Sy, T., & Cote, S. (2004). Emotional intelligence: A key ability to succeed in the matrix organization. Journal of Management Development. 23(5). 437-455

Effects of Computers and Technology on Society Essay

The development of office computers in late 70s has made a major breakthrough in our present society. Although the earlier computers were used solely for the purpose of processing and transmitting military data, the realization on the use of computers bear out the office computers we have today. Office tasks have never been easier since the computers have been dedicated to complete such enormous and taxing jobs in data processing. Since then the work loads particularly in the office have become minimal and less stressful for the employees. Suddenly because of our innovativeness we began to explore more and come up with more sophisticated computers we use today. The earlier versions of computers were unpopular because they are bulky and with heavy features which makes them inappropriate for small offices. Thus most of them are installed on laboratories and engineering rooms. As computers continued to be innovated, their sizes have been greatly reduced but they are now faster and more reliable. They can now be used for word processing which is a very essential in processing documents. In the mid-80s the dimension of the computers continued to be lesser into portable desktops and can now be placed on top of office tables. Indeed they now evolved to be more compact, lighter, faster and more powerful. They can now run multiple programs and software at the same time. Then in the 90s the age of the Internet has arrived. From the introduction of powerful computers now comes the most usable means of transferring data and messages all over the world. Here is the now the world of the World Wide Web or the Internet. The Internet has developed into one of the most powerful medium for universal communication, mode of information provider, highway for electronic transactions and most convenient source for entertainment. The Internet link computers by phone lines and high speed digital lines which networked all computers that are spread out around the world. Technology which brought up the invention of the computer and the Internet has made everything possible. We have improved a lot by leaps and bounds. The Internet as today’s most ingenious form of technology has greatly influenced our lives. We can now find jobs just by browsing the Net, watch movies from different websites, search for anything and everything that is beyond our imagination, source out information on any subjects and conduct transactions with other people around the globe. It is now so easy to send messages just by typing our texts using our email address and with a click of a button can send the message to other emails. Transferring the message may just take few seconds. Another example to prove the efficiency of the Internet are the chat rooms that can transfer bulk of messages and pictures in seconds at the same time. These are only few but most usable contributions of the â€Å"technology† we use today. Since the Internet has become the highway for the largest and widest medium of communication and information exchange, business transactions and on-line commerce have developed into the most popular method in business operation. The largest online deals in the world such as the Stocks Exchange and the Foreign Exchange currency trading rely on the Internet to conduct business. In line with this technology, the computers, however, also became sophisticated and powerful to carry on the task of processing data and information hundred times better than what ordinary computers can do three decades ago. To frank and honest this is what people want – to invent and invest on technology to make things lot easier for us. Even ordinary house chores are now performed with the aid of the machines. We have invented washing machine, the dishwasher, the floor polisher, the air-conditioning system and the television for our entertainment. How wonderful it is to live in a world full of magic brought about by the gadgets, machines and equipment we make. But after all of these amazing things have been invented did it benefit the society in general? It is true that the inventions of machines have made things lot easier, faster and more precise. But do you know that since technology has greatly improved, millions of jobs have already been lost because they have become obsolete? As we advance in our future and develop more technology there is also displacement of man with their profession. We use to power everything by hand then by the machines and now by the computers. Why would manufacturing companies hire production people if they can mechanize and computerize every process in their factories? Why would car makers hire people for car assemblies where they can buy machines that are programmed and automated? Machines does not take their break, do not complain about abuse and no need for any insurance? Obviously because of our â€Å"technology†, people are getting phased out of their circulation and depriving them to earn their living. The computers, the Internet, the game gadgets, cell phones and accessories have also loosen our touch with the reality thus our bond with our families are also affected. The realization of the technology which has widened man’s contact into the outside world has in a way confined him to smaller virtual world that rely on technology alone and not on physical attributes (Ghimire 2006). On the side of the economy, however, the negative impacts are obviously caused by the advancing technology. It is true that many people preferred engaging on technology-based education have benefited with the continuing trend in science. But what happened to those who did not earned degrees or does not have knowledge with the trend? How can they cope up with the world that is being run by this technology? Would they remain to be at the bottom of the ladder because the skilled people take all the best opportunities? Since the early 70s, computerization started to liberalize workforce, American workers with non-degrees begin to feel the squeeze. This is because the technology has started to manage the world in a more synchronized and automated manner. The most favored jobs have turned the table in favor of the educated and the skilled. To cope up with the development, courses in relation to technical skills, computer and software engineering and programming were offered. Today, the people who dominate the highest income brackets come from among those who specialize in this field. The jobs for the unskilled have become leaner and the demand for their services was greatly reduced making them poorer, ignorant and unfit for employment. According to L. Mishel, Director for Research on Welfare Reform Network, the hazard on the development of information age is that while the technology can replace workers with cheaper cost, this trend might become self-destructive with the economy because there will not be enough purchasing power to push the economy onward while we lead our lives into the future. To ease the effect of technology on people, Mishel suggested that there must be political action to make societal evolution beneficial to everybody (Smith 2007). But although the technology has affected those who are untrained, the computers and the Internet have produced a digital world of information and accessibility. Almost everybody can now reach out to the Internet. You only have to go online to order goods, books, clothes or even groceries and it will be delivered directly to you. The Internet also benefits the older people because they can now email people they want to get in touch with. If you happen to feel sick and want to check for yourself about the symptoms you have you can check from the Internet to avoid health hazards. Moreover, the computers and the Internet have created a world full of opportunities. Jobs are being created and obtained everyday because there are always new jobs entering the Internet sphere. This is especially beneficial for those who have skills with regards to Information Technology. Based from the 2005 – 2006 National Association of Colleges and Employers, the regular computer engineer can earn more than USD53, 000 a year for their first year of employment while the entry level management can make up to USD 38,000 as well. Even small businesses have greatly benefits from this technology. Business owners can now advertise their product through many websites and can organize employee schedules with programs like Microsoft Excel. There are also online educations today that many universities offer and the opportunities are getting larger. It is projected that by the year 2009, one in every ten students will be enrolled in an online degree program. However, there are always disadvantages from the advantages. Now the backlash from this advantage does involve risk with every person registered on the Internet. Identity theft has always been the number one crime in the United States. Although programs are constantly created to protect users from Internet hackers and scammers, there are also lots of experts who use their knowledge to commit fraud in their favor. Billions of dollars are being stolen because of identity theft, scams and online fraud. Unfortunately only few of them are getting caught and usually the discovery was too late before the harm has been done. Even the movies and TV series which are supposed to be legally shown only on cinemas and televisions are also being shown on the Internet without proper license and agreement with the producers. Recently the Writer Guild of America demanded payments from the owner of the domains. In effect, the rights of producers, TV stations, actors and actresses are violated and the chances to earn from these shows are lost. Sadly as the worlds of computers are here to stay there are always dangers in getting scammed in every step of the way (Weidenfeld 2008). And so as the technology changes in its fast paced environment we, as users also changes as well. Let’s just hope that we could always cope up with any changes that the age of information and technology can bring us. There would be transformation and modification, of course but with less time to prepare we may probably make the wrong choices and our technology even it was intended to develop can destroy us (Graves 1990). Summary Computers and the Internet are two of the most brilliant discoveries of man. Life has never been easier with their aid. Computers are the most used and essential equipment in the office or even at home. Everybody almost have it because of its functionality and usage. The Internet on the other hand has succeeded in building gaps between people, races and cultures and provides us the opportunities to explore all things that exist here and beyond our world. But while we are joyful of the benefits of these forms of technologies not everybody is at their advantage. From the very first introduction of computerization, the untrained and the unskilled began to feel the hardships of being uncompetitive. The technology has created jobs according to its own trend. If you are unskilled and wants to earn a decent living you have to sweat it out to and can be able to earn minimum wage while the new generation of computer experts enjoy their chances in their virtual world. This is the general belief of some observers. Analysis According to the points presented, there are always advantage and disadvantage at any prevailing discoveries of man. Man is a very adaptable creature and he makes discoveries according to his needs. The Internet and the computers have naturally eased up our burdens with our jobs, communication and commerce. But with this technology there is the theory that lots of people still blame technology as the culprit in decimating their chances to be competitive. Accordingly, people living on rural societies as well as the older people and the unskilled feel that they are always left out with the technology making them helpless and useless. But my personal opinion relies not how quantitative the advantaged of technology to most people but how the technology could benefit all people in any society. Technology does shape our future but our future depends on every fiber in our society which means that the people alone are shaping the future not the technology. Technology is merely the product of our modernization and innovation that is continuously taking us higher to new realities and development. But we lest not forget that technology can also be erased, altered or reprogrammed because the society is making the technology themselves. However, the complexities of the issues discussed here is that has the introduction of the computers and the Internet really affected our society in general? True enough the untrained and the uneducated can find it hard to participate with the virtual world. But does technology was created to rationalize people according to their capabilities? I think not. Whether we like it or not our technology with computers and the Internet will continue to advance and so there are no chances in going back to pick those that have been left out. There are always two sides of the coin here. It is up for the people to choose. If we are people with strong mind and interest to cope up then we can be able to discover how wonderful the technology can bring. Computers and the Internet are not complicated, adaptable, beneficial and educating people continuously. Whatever jobs and opportunities you wanted can be found in the Internet regardless of what you can do. Just look around and observe. Even children, the elderly and disabled people can benefit from the technology. Education, jobs, opportunities and communication is now empowered by our technology. The old days of manual labor is almost over. We invent things to make things easier and there is nothing wrong with doing the job the easy way. If there are people who are against of this technology it maybe because they are closing their mind with it. The Internet offers all kinds of prospects in learning, opportunities and information. It is only right that we have to take advantage everything that it offers because for sure we would definitely grow with it References: Ghimire, Shakti. 2006. â€Å"Effects of Computers and the Internet on Society. † in Student Operated Press. Vero Beach, Florida: SOP. org. Graves, James. 1990. â€Å"Technology and It’s Effect on Society†. Smith, Hakeem. 2007. â€Å"How Emerging Technology Affects Modern Society. † Weidenfeld, Kelly. 2008. â€Å"Effects of computers and the Internet on society † Helium.

Rates of return essays

Rates of return essays The issue of rates of return on foreign owned companies through foreign direct investment. On Wednesday Oct. 25th.2000,at a meeting in Montreal, the finance Minister of Canada Mr. Paul Martin in his opening address to the G20 group on promoting Globalization, stated that globalization will have a more human face with measures to ease financial crises and social safety nets to protect the poorest. The meeting concluded with all the participants agreeing on a package of measures, which they say, will lead to more financial stability in the world. From a political perspective this endorsement may seem realistic. However this futuristic goal will require more foreign direct investment from corporations and other sources of private enterprise at a time when most expatriate firms are complaining about the decline of the (R.O.A) rate of return of foreign owned companies, specifically in the U.S.A. Firms based in one country increasingly make investments to establish and run business operations in other countries.U.S firms invested US$133 billion abroad in 1998,while foreign firms invested US$193 billion in the US.Overall world FDI flows more than tripled between 1988 and 1998,from US $192 billion to US$600.The share of FDI to GDP is generally rising in both developed and developing countries. In addition to this information the World Bank further stated that developing countries received about one quarter of the world FDI inflows in 1998-1998 on an average, though the share fluctuated quite a bit from year to year. It would seem that this is the largest form of private capital inflow to developing countries. This data will seem to encourage more foreign investment. Hence, one will ask if there are truly low rates of returns on investment by foreign owned companies. If this is the case then why are there so many foreign direct investment by small as well as multi-national corp orations? In order to answer this question there ...