Additional Retained Firefighters Essay Example for Free

Additional Retained Firefighters Essay Firefighters are rescuers extensively trained in firefighting, primarily to extinguish hazardous fires that threaten property and civilian or natural populations and to rescue people from dangerous situations, like as collapsed or burning buildings The complexity of modern industrialized life with a greater prominence of hazards has created an increase in the skills needed in firefighting technology and a broadening of the firefighter-rescuers remit. They sometimes provide emergency medical services, for example. The fire service, or fire and rescue service, also known in some countries as the fire brigade or fire department, is one of the main emergency services. Firefighting and firefighters have become ubiquitous around the world, from wildland areas to urban areas, and aboard ships. According to Merriam-Websters Dictionary, the English word firefighter has been used since 1903. 1] In recent decades it has become the preferred term, replacing the older fireman, since many women serve as firefighters, and also because the term fireman can have other meanings, including someone who sets or stokes fires – the opposite of the firefighting role. [2] In many countries, firefighters may be employed as full-time workers and paid a salary. See more:Â  The 3 Types of Satire Essay Additionally, there are volunteer firefighters (who are theoretically unpaid) and retained firefighters (or auxiliary firefighters, who are paid for the specific time they are on duty, i. . permanent part-time career firefighters) on call as required. [3] In such countries as the United Kingdom, the use of additional retained firefighters is standard. In Portugal, for example, the use of volunteer firefighters is standard, along with career firefighters. In Australia there are volunteer brigades which are mostly unpaid rural services, although traditionally they are paid by their employers if called out during usual working hours.

Parenting Skills Essay Example for Free

Parenting Skills Essay 1. What role do you think discipline plays in developing a child’s self-esteem? What forms of discipline best serve the self-esteem of the child or adolescent? 2. List and discuss how activities, clubs, or sports, impact the self-esteem of children and parents. Provide at least two activities, clubs, or sports in your answer. Discussion Answers 1. I think that discipline done correctly could help in a child’s self-esteem. When you discipline a child make sure that they understand WHY and it makes them feel trustworthy, and included. If you treat discipline like a dictatorship the child feels like you’re abusive and they are stupid and untrustworthy. people with low self-esteem generally Fail to achieve their goals, Are not able to pursue accomplishments in a responsible and disciplined manner, Have poor communication skills, Have a pessimistic view on life, Are prone to anxiety, depression, hostility, loneliness, shame, and guilt, Form unhealthy, destructive relationships with others, and Make decisions in life more to please others than to adhere to their own interests and value systems. I think that discipline done correctly could help in a child’s self-esteem. When you discipline a child make sure that they need to understand what is happening and they need to feel included. If you treat discipline like a dictatorship the child feels like you’re abusive. people with low self-esteem generally fail to achieve their goals, have poor communication skills, have a negative view on life and are prone to anxiety, depression, loneliness, and guilt. Also, form unhealthy, destructive relationships with others, and make decisions in life more to please others. 2. Parents should encourage children to participate in sports and clubs that are productive and give a feeling of accomplishment. However, it is not always advantageous for a parent to push a child toward a particular sport or activity because sometimes the parents will push their children towards their dream sports or activities they wanted to do as a child. 3. parents should encourage children to participate in sports and clubs that are productive and give their children a feeling of accomplishment. However, it is not always advantageous for a parent to push a child toward a particular sport or activi ty.

Factors Affecting Trade Volume

Factors Affecting Trade Volume Introduction The area of research for this thesis focuses on empirical study determinants of trade volume of Asian developing economies; which constitute the success of global trade. The relationship among determinants of trade studied in the context of developing economies which includes: Pakistan, India, China, Bangladesh and Sri Lanka. Factors those affects on trade includes: Tariff, Import duty, Inflation, Foreign Direct Investment (F.D.I), Exchange Rate, Transportation Cost and Gross domestic Product (G.D.P) affect on trade volume, based on gravity equation framework in which foreign trade depend in between countries. To accomplish this purpose by using standard gravity model, study comprises multivariate regression on trade of Asian economies. Study found that trade depend on distance in between countries, wealth, tariff and non tariff barriers (N.T.Bs) like exchange and capital control. Export volume of an economy measures trade volume of a particular country to indicate economic growth of a particular country (Tamirisa, 1999). An Economy that have positive balance of trade, improve economic growth of a particular country due to effective economic and financial performance. Besides this basic affects exchange and capital controls influence trade through other channels, for example, transaction cost, exchange rate, foreign exchange risk and trade financing. Capital control in particular country affect on trade in goods by reducing inter temporal trade and portfolio diversification, which may substitute or complement intra temporal trade (Tamirisa, 1999). Therefore, this thesis aims to study determinants of trade volume based on developing economies. A restricted trade policies imposed by a government is harm for a trade. Study found that world trade organization (W.T.O) rules regulations foster trade volume based on strategic planning of global trade at this competitive era. Despite the net economic and social benefits; most governments reduce subsidies and open economic trade. It has been realized in this study manufacturing tariffs remained high in developing countries. However; subsidies and trade policies affects on agricultural, textile and service industries of both rich and poor countries which continued hamper efficient resource allocation, economic growth and poverty alleviation (Anderson, 2004). Fundamentally, capital controls affects on trade by decreasing inter temporal trade and portfolio diversification. The impact of trade in goods depends, if trade in goods and trade in factors are substitute (for example, as found in the basic Heckscher-Ohlin model) the volume of trade in goods likely to fall. If trade in goods and trade in factors are complement (as, for example, in some models with increasing returns to scale), the volume of trade in goods increases (Tamirisa, 1999). The empirical evidence indicates that foreign direct investment tend to increase host countries export and import due to liquidity in a financial market. Foreign direct investment and exports are alternative strategies in this case. Since multinational companies (M.N.Cs) avoid to pay tariff. They initiate subsidiary companies at the host country to cross subsidize in other countries based on strategic management. Capital controls often limit business opportunities for hedging foreign exchange risk and trade financing, thus inhibit trade (Tamirisa, 1999). The gravity equation is one of the most empirically successful studies. It relates trade flow to GDP, distance and other factors that affects on the volume of trade (Anderson and Wincoop, 2003). For this purpose, the overall effects of trade barriers on Asian developing economies empirically studied, analyzed, tested and resulted. Justification For The Research This study is timely significant for theoretical, methodological and practical reasons. With regards to theoretical significance; this study contributes to the literature based on their specification. Determinants of trade volume of Asian developing economies comprises, Pakistan, India, China, Bangladesh and Sri Lanka to identify their trade issues with respect to other regions based on gravity equation framework. As mentioned in empirical literature, determinants of trade volume contribute their significance at this competitive era, where lot of resistance exists at global market. While competition indicate threat for any type of business either manufacturing or service industry. On other hand trade barriers like Tariff, Import duty, Capital Control through Foreign direct investment (F.D.I), Transportation cost and Inflation raise more critical issues to survive in this competitive era. This study also practically signifies from management prospective for those entrepreneurs intending to cross subsidize their business at global market to retain their leading market share. Results of this study provide guidelines for entrepreneurs to identify their, Economic and Socio-Cultural issues that lead to trade barriers for their investment. This study support them based on empirical understanding about trade barriers of developing economies and how it affects on trade. Finally, this study will benefit on strategic decision making to implement trade policies in global market. This chapter comprises the foundation of this study. It introduces research objective and focus on trade and its determinants based on theoretical practical justification of this research. Then major terms used in this study are discussed comprehensively. Literature Review This chapter based on comprehensive literature review, those are useful for this study. The objective is to evaluate determinants of trade volume in the context of literature review. To this end, this chapter divided into three sections. First section deal broadly with trade and its determinants for which this thesis first explains determinants of trade and then model based empirical finding those are relevant to this research. The second section will investigate theoretical perspective and determinants of trade. The third section interlinks determinants of trade with empirical findings based on Asian developing economies. In short, this thesis first discuss trade theories as mentioned in the literature and then pertinent model present; which will not only explain trade theories but also highlight the link determinants of trade and developing economies. Overview Of International Trade It is a well accepted idea that free trade benefits all countries around the world; it is also a well known fact that hardly any country has always been practice free trade policies. Traditionally trade theories contend that government intervenes on foreign trade because of political pressure from interest groups. Since import can pose a threat to domestic industries, these industries lobby intensely for trade protection (Krueger, 1974, Pincus 1975, Mayer 1984). Other studies suggest that governments are tempted to use trade bargaining to gain larger share from global trade (Morishima, 1989); [Cheng, Liu, and Yang, 1999]. International trade is more or less substitute of foreign investment. On the contrary factor proportion hypothesis [Helpman, 1984; Markusen, 1984; Helpman and Krugman, 1985; Ethier and Horn, 1990] seems to predict that international trade and investments are complement as firms take advantage of factor price differences through cross border vertical integration. According to Aizenman, Joshua and Ilan Noy (2005), it is common to expect bidirectional linkage between FDI and trade. However, it is difficult to indicate whether inflows and outflows of FDI affect directly on trade in different types of goods and services. Study found there is strong feedback relationship between FDI and trade; especially in manufacturing industries. There is some evidence indicate trade enhancement lead to extensive competition in domestic and global market at this era (S. and W. Chaisrisawatsuk, 2007). Economic integration promises to raise trade volume through trade creation by engaging trade agreements. At micro level, interdependence between international trade and investment is magnified through intra firm trade (trade among foreign affiliates), outsourcing of raw material, intermediate goods, output and firms vertical integration behavior (S. and W. Chaisrisawatsuk, 2007). Since trade liberalization implies a liberated (less costly) movement of goods and services while investment liberalization implies better environment for movement of resources. Increasing international trade based on sustainable comparative advantage is a key condition for countries to realize gain from global trade. If trade and investment are complementary, FDI inflow supposed to enhance gain from trade. In addition, FDI inflow to the host country expected to improve efficiency and productivity of factors production, therefore it enhances the countrys competitiveness (S. and W. Chaisrisawatsuk, 2007). This study applies gravity model approach to investigate the relationship between international trade and foreign investment. Generally, countries with similar resources produce similar products. However, existence of two way trade (Bilateral Trade) in similar products and two way investments among developed as well as developing economies indicates that there is a room for trade and investment. Thus, simultaneous equation estimate is more appropriate approach used in order to capture feedback effects between trade and investment in order to examine relationships between trade and investment (S. and W. Chaisrisawatsuk, 2007). Factors Influence International Trade Study found that tariff, inflation, transportation costs are critical factors affect on trade of developing economies. The empirical evidence indicates foreign direct investment tends to increase host countries exports, although the impact on imports is relatively weak. In the presence of tariff barriers, however restrictions on foreign direct investment distort trade. According to the static general equilibrium model, trade is determined by the wealth and size of countries. While distance has a negative effect on trade, in a part because of trade costs (e.g., transportation and communication) are likely increase with respect to distance. Tariff barrier in the importing countries also tend to have a negative, albeit insignificant effect on exports into these countries. While Per capita, G.D.P and Population, on other hand, have significant positive effects on exports (Tamirisa, 1999). Factors those affect on trade justify in detail below. Tariff A tariff is a tax on import which is collected by the federal government to build infrastructure of a particular country. Tariff usually aims first to limit import and second to raise government revenue, thats reason multinational corporations (M.N.Cs) avoid to pay tariff. And initiate subsidiary companies at host country through cross subsidization to retain their leading market share at global market. Empirical studies found tariff lead to trade distortion due to it have a negative effect on trade which raises the cost of trade. Due to tariff rates significantly reduce export of developing and transition economies (Tamirisa, 1999). Model predicts the presence of trade barriers, such as tariffs and non-tariff barriers (N.T.Bs) diminish trade volume. The empirical study found tariff rate interact with the estimated share of free trade. Since trade distortions caused by tariffs; which indicate low growth rate in a country that needs to import more under free trade regime. Government intervenes in foreign transactions by imposing tariff on import of foreign goods. Therefore, tariff has two effects on economy, namely distortion of resource allocation and the transfer of revenue. Thus, distortion effects of tariffs on the growth rate evidently hinge free trade (Lee, 1993). Empirical study found large variation in trade, caused by tariffs and transportation cost. Tariff liberalization shift trade from rich to poor and domestic to global countries, this estimates imply that elimination of tariff create more trade for poor countries. It is also implies that tariff elimination would divert trade away from continental to preferential trading areas. It has been studied in empirical literature tariffs, distance and production costs are important factors affect on trade; study found tariffs reduce trade significantly. Where low tariff rate is exists among organization of economic cooperation and development (O.E.C.D) countries. While high tariff is exist among Non-O.E.C.D countries. Therefore elimination of tariff rate would raise global trade significantly (Lai and Zhu, 2004). Inflation It has been realized in comprehensive literature review inflation tends to hamper the volume of trade and slow down economic growth. The initial effects arise from decreased in domestic demand. Thus, result rises in price fluctuation relative to those competing or importing countries (Lovasy, 1962). The initial affects of inflation is an increase the price of goods and services in domestic market, which makes selling on that market more profitable than export. Since market price influence a volume of trade. However inflationary affects tend to encourage such change with a view to raise the price of commodity and maintain it high level. The creation of substitute adversely affects on the volume of trade. If inflation prolong over a period of years, trade will adversely affect through structural changes in an economy (Lovasy, 1962). The affects of inflation on exports may be counteracted by government actions in various forms like: adjustment of exchange rates, retention quota, subsidies on exports (either straight or through multiple rate practices). In other hand devaluation or gradual depreciation of exchange rate will raise the prices of trade (Lovasy, 1962). Since many other factors influence export, inflation can be a visible affects if it lead the price out of line with price in competing countries or importing areas (Lovasy, 1962). On the other hand, extensive empirical research such as Levine and Renelt (1992), Levine and Zervos (1993), Stanners (1993), Bruno and Easterly (1998) and Easterly (2003) indicate negative relationship between inflation and economic growth (Chowdhury and Siregar, 2004). Transportation Cost Transportation cost is one of the significant factor affects on trade. The importance of geography has been recognized by Moneta (1959) as well as by Hummels (1998). It was found that distance is a critical factor in-between country, whether they share common border or they are landlocked. The infrastructure depends on transport and communications network. Study found that infrastructure is quantitatively important factor to determine transport cost (LimÃÆ' £o and Venables, 2001). Generally these types of cost associated in foreign trade. 1. Physical Shipping cost. 2. Time related cost (Lead Time). 3. Cost of cultural unfamiliarity. Among these costs physical and shipping cost obvious with respect to distance in a trade (Frankel, 1997 quoted from Linnemann, 1996). Generally neighbor countries have more integrated logistics network that reduce number of trans-shipments. Second, neighboring countries are more likely to have transit and custom agreements that reduce transit time and translate into lower shipping and insurance cost. This suggests that distance affects trade volumes through transportation costs and through other channels such as information, which is often associated with distance. It has been realized that poor communication network leads to higher transportation cost, which significantly affect on the volume of trade (LimÃÆ' £o and Venables, 2001). Transportation cost negatively affect on trade volumes due to complex geographical location, infrastructure, administrative barriers and the structure of shipping industry. Based on comprehensive literature review, land locked countries face transportation cost fifteen percent higher and lower trade volumes than representative coastal countries (LimÃÆ' £o and Venables, 2001). Exchange And Capital Control Study found that most countries have liberalize policy on transfers payments; since economic policy is increasingly shifting toward liberalize transaction. Exchange control acts as a tax on foreign currency required for purchasing goods and services. Besides this basic effect, exchange and capital controls influence trade through other channels as well, for example, transaction cost; exchange rates, foreign exchange risk and trade financing. Study found that exchange and capital control often raise transaction cost (Tamirisa, 1999). Furthermore, exchange and capital controls can reduce trade by limiting the transfer of technology, managerial expertise and skills through foreign direct investment. Capital controls often limit business opportunities for hedging foreign exchange risk and trade financing. Thus inhibit trade volume in the presence of capital control. Exchange and capital control on other hand, often associated with an overvalued exchange rate, which inhibit trade. Moreover capital controls help to retain domestic savings and higher saving leads to higher investment in export sectors; thus trade may increase (Tamirisa, 1999). Study found that capital controls are critical barrier to export into developing and transition economies; but not to industrialized countries. These findings attribute to capital controls, which noticeably reduce export into developing and transition economies and have only a minor negative impact on export for developed economies. Reason is that industrial economies have relatively liberal regimes for global capital movement. While many developing and transition economies continue maintain various capital controls (Tamirisa, 1999). Exchange and capital controls affect trade through interrelated channels, including transaction cost, and volatility of exchange rate, inter temporal trade, and portfolio diversification. Study realized exchange and capital control have a negative impact on export. However, this result varies depending on the level of development in the country and type of exchange and capital control. These results may reflect the extent, to which restrictions on current payment and transfers have been liberalized (Tamirisa, 1999). Gross Domestic Product Trade cost operates primarily via price. In the context of monopolistic competition model, difficulty is created by the complexity of constant elasticity substitution (C.E.S) price index in the presence of asymmetric trade costs. To resolve this difficulty, three approaches have been taken: 1. G.D.P price indexes are used to capture the price effects in the gravity equation as Bergstrand (1985, 1989) and Baier and Bergstrand (2001). 2. Estimated border effects are used to measure the price effects, as in Anderson and Wincoop (2003) and Balistreri and Hillberry (2001). 3. Fixed effects are used to account for the price effects, as in Harrigan (1996), Hummels (1999), Redding and Venables (2002), and others (Lai and Zhu, 2004). Turn to an empirical investigation export from one country to other trading partners depends on gross domestic product (G.D.P). By using [Rauchs, 1999] classification sample consist in groups: homogeneous goods, differentiated goods in between categories. On the basis of gravity equation framework trade in each of these groups move from homogeneous to differentiated goods; studies found elasticity of export with respect to G.D.P rise significantly. These findings are empirically significant both economically and statistically. The G.D.P of exporting country is found to be a powerful explanatory variable to explain trade relations. There are demographic variables such as G.D.P and population which relate to the size and stage of economic development based on export and import in between countries. These factors are included in the study despite controlling the effect of dependent variable to determine whether size of an economy has an independent influence on trade relations (Feenstra, Markusen, and Rose, 2001). The ratio of trade volume to real G.D.P is often used as an indicator of an economys openness to international trade (Prasad and Gable, 1998). Import Duty Import duties refer to a tax in which importer pay to the government in order to bring foreign products in a particular country. Most of the import duties are figured in a percentage on declared value of the commodity. An import duty differs from product to product and depends on commodity is being imported. Its declared value of origin country. While product group used to assess import duties in between two countries (Sampson and Yeats, 1976). The competitiveness of domestic manufacturers adversely affected vis-ÃÆ'  -vis import because importer liable to pay additional charges due to execution of projects financed by a trading partners (Mukhopadhyay, 2002). Like India fetched excessive price because of banning imports on some goods, they charged very high duty running around the price of goods. These non traditional goods (mainly consumer durables) provided great stimulus to the contraband trade. However, when there is a massive scale of contraband trade, country face substantial loss in term of revenue (Sarvananthan, 1994). Foreign Direct Investment Study found foreign direct investment change industrial structure and trade flow across a country. Since FDI help in cost reduction and export promotion at host countries through up date technology. Foreign direct Investment (FDI) also provides financial resource for investment at a host country. In other hand it provides foreign exchange thats positively affect on the balance of trade. Indeed, in the wake of debt crisis, FDI has come to be viewed as an increasingly important source of revenue for developing countries (Goldar and Ishigami, 1999). Advantage of FDI is that it assists the host country to improve its export performance. By raising the level of efficiency and the standards of product quality, FDI makes a positive impact on the host countrys export. Furthermore, it provides better access to export in foreign markets. According to the Hymer-Kindleberger theory (Kindleberger, 1969) foreign owned firms investment at the host country; if it possesses competitive advantage which allows them sustainable growth. Foreign direct investment plays significant role to promote export and to change industrial structure of Asian countries through transfer of technology. Dunnings eclectic theory of international trade (Dunning, 1988) explain overseas market served by enterprises in different geographical location around the world. According to this theory, firms invest in a country if following conditions are satisfied: Firm possesses some ownership advantages vis-ÃÆ'  -vis firms with other nationalities serving particular markets. It is more beneficial for the firm to produce in foreign country due to update technology and Infrastructure of a particular country (Goldar and Ishigami, 1999). FDI contribute on economic growth of the region through cost reduction and export promotion. On other hand, rapid growth is being attained by the region due to update technology and infrastructure for a particular country. As growth leads to expansion of both domestic and global market (Goldar and Ishigami, 1999). FDI flow in Asia has shifted over a time from Asian Newly Industrialize Economies (N.I.Es) to A.S.E.A.N. While china and Japan have became persistent source of FDI in developing countries (Goldar and Ishigami, 1999). During the past two decades, Taiwan, South Korea, Singapore, and Hong Kong witnessed most rapid economic growth in all developing countries. Their export oriented strategy emphasis on foreign investment and trade is considered the main cause for their success (Amirahmadi and Weiping Wu, 1994). Many countries established Export Processing Zones and Special Economic Zone to promote foreign investment and export to other countries. These zones have preferential treatment in manufacturing process. Their products are targeted for export market. Taiwan and China are the chief example; where these zones have become major attractions of FDI (Amirahmadi and Weiping Wu, 1994). Exports and FDI is complementary instrument in economic growth [Veugelers and Yamawaki, 1991]. Increasing import and inward FDI increase competition on domestic market and reduce domestic firms profitability. FDI allow transfer of technology to produce and sell goods on foreign market. Empirical study found import have positive effects on competitive behavior of domestic firms and have negative effects on their profitability; it has been analyzed theoretically (e.g. by Caves [1985], Jacquemin [1982]) and empirically in the literature (e.g. by Levinsohn [1991], Pugel [1978, 1980], Turner [1980]); (Bertschek, 1995). Based on export oriented group of countries, foreign investment is a more powerful driving force in economic growth process rather than domestic investment. According to this supplementary hypothesis the elasticity of output with respect to foreign capital is predicted as exceeding with respect to domestic capital (Balasubramanyam, Salisu and Sapsford, 1996). Model For Study. Study comprises factors affecting trade volume of developing economies based on gravity equation framework. Foreign trade relation play vital role for economic development. Foreign trade is influenced by multinational corporation (M.N.Cs). These underlying relationships explain the effects, trade barriers of developing economies based on foreign trade relation. This section present trade model and its key concepts used in this study. Determinants of trade and its relationship with trade theory have been identified, tested and resulted. On the basis of comprehensive literature review; it observed that à ¢Ã¢â€š ¬Ã‹Å"tariff, inflation and transportation cost are significant factors affects on trade volume of Asian countries. The trade model tested based on developed hypotheses in the next section of this research. Trade Theory Based on comprehensive literature following are the facets of trade theories focus on various concepts associated with global trade in terms of theories expanded by the scholars. Gravity Model Of Trade Theory Study found that international trade flow well described by a à ¢Ã¢â€š ¬Ã…“gravity equation frameworkà ¢Ã¢â€š ¬Ã‚  indeed, gravity equation is one of the empirical accomplishment stories in economics and trade theories (Feenstra, Markusen and Rose, 1999). The gravity equation framework is one of the most popular empirical evidence for the whole range of spatial relations in economics and international trade over a period of time. Generally it apply to study determinants of trade volume and to assess various regional economic integration with respect to developing economies (Cieslik, 2007). In the context of international trade, gravity equation in its basic form nominate the amount of trade in-between two countries increases in their size and proportion to their national income, and inversely decreases by the cost of transport between them, (As measured by distance between their economic centers). This relationship closely look like Newtons (1687) law of gravitation which states that every atom in the universe attracts other atom with a force that is comparative to the product of their masses and inversely comparative to the distance among particles (Cieslik, 2007). Although gravity equation in its basic form performs a good job to justify foreign trade based on size of trading countries and distance between them. Therefore, in order to improve performance of the gravity equation in empirical studies of trade; one should take into account the impact of other factors that affects on volume of trade (Cieslik, 2007). Theoretical Foundation Of Gravity Model The concept of the gravity model based on Newtons Law of Universal gravitation which relate the force of attraction between two objects with their combined masses and distance between them. The application of gravity model in social sciences empirically proposed by James Stewart in the 1940s (Fitzsimons et al., 1999). And then originally applied to international trade by Tinbergen (1962), the gravity model predicts trade flow between any two countries as a function of their size and distance between them (Walsh, 2006). Economic size is measured by gross domestic product, population and per capita income. Distance typically calculated through transportation cost between countries capital cities. In some studies this is replaced by the measures of remoteness through G.D.P or measure distances relative to the countrys average distance with all trading partners. Extension of this approach is to calculate trade cost with respect to barriers. And other restrictions on trade flow by comparing predicted and actual levels of trade volume (Walsh, 2006). As the empirical applications of the gravity model has grown theoretically over a period of time; foundation of this model have also developed. Beginning with Anderson (1979); who illustrates gravity equation framework is consistent with a model of trade in which products are differentiated by the country of origin (Walsh, 2006). The gravity model is being established in a literature and measure potential trade between countries. The gravity model; defined by the Newtons Law of Gravitation, explain trade flow between two countries. It is one of the most popular empirical associations in economics and international trade. Earlier studies have estimated difference between observed values and predicted values those are calculated through O.L.S estimate of gravity model (Baldwin, 1994; and Nilsson, 2000); (Kalirajan and Singh, 2007). Justification Of The Gravity Model The Newtons physician primarily justify gravity model based on theoretical justification with their combined masses. Second justification for the gravity model was analyzed by Linneman (1966); (Rahman, 2003). Anderson (1979), Bergstrand (1985, 1989), Thursby (1987), Helpman Krugman (1985) share this view. Their studies identify number of variables. However, price and exchange variables can be omitted when products are perfect substitutes for one another in consumer preference. This structure of course, obtains the standard Heckscher-Ohlin (H-O) setting (Jakab 2001); (Rahman, 2003). Empirical Study Study found the gravity model in the context of international trade applied, first time independently by Tinbergen (1962) and PÃÆ' ¶yhÃÆ' ¶nen (1963) but they didnt have any theoretical justification at the beginning. The earliest but not completely successful attempts provide a theoretical justification for the gravity equation by Linneman (1966), Leamer and Stern (1970) and Leamer (1970). However, origin of the gravity equation from a model was not possible till the product homogeneity assumption; since early neoclassical trade literature was relaxed at that time (Cieslik, 2007). The first formal attempt to derive the gravity equation directly from theoretical point of view made by Anderson (1979) based on Armington hypothesis which argues that products differentiated by the country of origin. Anderson (1979) demonstrated to derive gravity equation by using properties of Cobb Douglas expenditure system when goods produced by a country. Andersons (1979) approach subsequently applied and extended by Bergstrand (1985) who derived and summarize equation in terms of trade flow (Cieslik, 2007). An alternative method proposed by Helpman (1987) who completely departed from neoclassical assumptions of traditional Heckscher-Ohlin-Samuelson model. Which assume monopolistic competition and product differentiation among various firm in all industries rather than countri

What Contribution Does Curleys Wife Make to Of Mice and Men? Essay

What Contribution Does Curley's Wife Make to Of Mice and Men? Curley's wife is the most dangerous character in the novel, because she is the loneliest one. Because of her need for attention, she destroys George and Lennie's dream of living "off the fatta the lan'." The appearance and clothing of Curley's wife have a symbolic meaning. She is described as a "purty" woman because she is always made up. Even on the ranch she has "full, rouged lips" and her hair lies in "little rolled clusters, like sausages." Also her clothes are seductive. When she speaks with George and Lennie, she wears a "red dress" and has red lips. The symbolic meaning of the colour red in literature is danger. So Steinbeck foreshadows that she will be dangerous. She wears the same dress in the bunkhouse, as when she speaks with Lennie at the end of the novel. The reader senses that something bad will happen: the death of Curley's wife. Curley's wife does not have a good life on the ranch. The relationship between her and Curley is miserable. She hates her husband and is really glad when Lenni...

Caught by a Computer :: Personal Narrative Cheating Papers

Caught by a Computer As I sat in his office, sweat dripped off my long brown bangs onto my light blue collared button-down shirt. It was not because I was nervous, it was because it was the end of April and unseasonably warm in Charlottesville, Virginia. I was there, in my professor’s office, in my mind, because he wanted to get caught up with me about my future plans after graduation. He was curious about my plans for the summer, plans for my fiancà © and I, and plans for my career as a high school teacher at the public school in my hometown, Mclean, Virginia. I was alone in his office, waiting for Dr. Bloomfield to show up to his office for our casual meeting scheduled for 3:30 that afternoon. The heat was becoming unbearable. The University of Virginia’s century old buildings on the quad were not air conditioned, and I was beginning to wish that I had paid the extra tuition to have them installed. I sat in his small dimly lit office, becoming impatient because it was nearing four oà ¢â‚¬â„¢clock. I began to notice the pictures that cluttered Dr. Bloomfield’s overrun office. Pictures of his wife, his twin daughters, who appeared to be roughly the same age as I, and his younger son, in his early teen years, sat atop stacks of periodicals and yet to be graded finals. I noticed my final research paper on the top of the stack. This seemed odd; however I guessed he only wanted to discuss it while we met, as foreclosure to the popular Intro. To Physics class for upperclassmen of his that I was enrolled in, as it was our final assignment. I was distracted once again by the array of pictures throughout his undeservedly small office. Among these were more pictures of his boat, his bay house on the Chesapeake Bay, and his chocolate lab Mocha, whom I was familiar with at this point due to several stories he shared in class. Dr. Bloomfield was a family man whom I had gained great respect for over the years. My aspirations for what I wanted my life to turn out like ve ry closely replicated his own life. Sitting alone in his office gave me time to think about what I wanted to become, who I wanted to marry, how many kids I wanted to have and so on.

Galileo Galilei :: essays research papers

Galileo Galilei Galileo was probably the greatest astronomer, mathematician and scientist of his time. In fact his work has been very important in many scientific advances even to this day. Galileo was born in Pisa, Italy on February 15th, 1564. His father, Vincenzo was a music teacher and musician. After his family moved to Florence, Galilei was sent to a monastery to be educated. He was so happy there that he decided to become a monk, but his father wanted him to be a medical doctor and brought him home to Florence. He was never really interested in medicine and studied mathematics at the University of Pisa. He was especially interested in famous mathematicians like Euclid (geometry) and Archimedes. In fact in 1586 he wrote his first book about one of Archimedes theories. He eventually became head of mathematics at the University of Pisa where he first wrote about a very important idea that he developed. It was about using experiments to test theories. He wrote about falling bodies in motion using inclined planes to test his theories.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Bader 2. When his father died in 1591 Galileo had to support his family. He looked for a job that paid more, and became professor of mathematics at the University of Padua where he stayed for eighteen years. He became very interested in astronomy at that time partly because of the discovery of a new star in 1604. (This turned out to be an exploding sun called a supernova). During these years he did more work on his theories of falling bodies, inclined planes and how projectiles travel. This work is still used today, for example in ballistics where computers can predict the path of a shell based on Galileo’s work. In 1609 the telescope was invented and Galileo began making his own lenses for better telescopes and then started looking at the sky. In December and January (1609-1610) it is said that he made more discoveries that changed the world that anyone has made before or since. He wrote a book called the â€Å"Starry Messenger†, and said that there were mountains on the moon, the Milky Way was made up of many stars, and there were small bodies in orbit around Jupiter. He used his mathematical skills to calculate the motions of these bodies around Jupiter. In 1610 he started looking at Saturn and discovered the rings, and the phases of Saturn (just like our moon’s phases).

International and Comparative Human Resource Management Essay

Globalization of business activities has over the recent past happened at rising rates. With the rapid growth of technology, coupled with constant innovations, several corporate organizations have targeted to operate in global scale. With the advent of multinational corporations, the landscape of human resource has undergone a lot of transformations that have given it a new definition. It is important to note that the definition of human resource management has not remained the same given the international dimension added to it (Edwards & Rees 2006; Brewster & Harris 1999). The degree to which a corporation or company can be considered to be multinational is normally determined by looking at and assessing human resource management policies it has put into place and implementation of the same; these policies are considered alongside other facets of organizational structures and functions. In ethnocentric corporations, human resource policies are formulated at the head quarters, home countries, and then supplied worldwide to other subsidiary corporations. It has been argued that this is not an appropriate strategic policy formulation for a multinational corporate organization with international human resources (Briscoe & Schuler 2004). International human Resource Management is concerned more with global management of human capital of a given multinational corporation. The main aim of IHRM is to empower a multinational corporation to achieve success in its global operations; this means the corporation being competitive world all over, being efficient in its international operations, adapting to the global business environment and adapting to the same within the shortest time possible, being locally responsible (in every geographical region of its operations) and being able to transmit learning to all its globally dispersed subsidiaries. The main themes of this paper are about institutional factors that can potentially Influence IHRM practices and policies in developing countries. It also examines the implications of International Human Resource Manager. There are many actors that really influence the process of International Human Resource Management. However, for the purposes of this paper, the main focus will be on three institutional factors. Institutional factors that can Influence IHRM practices and policies in developing countries Institutional strategies and policies Different multinational corporations have different human resource management approaches. Several studies have found out that there is substantial national variance in terms of human resource management (Cooke 2002). This has mostly been witnessed where the parent country’s strategies seem to dominate how a multinational corporation manages its human capital. This is referred to as ethnocentric or forward diffusion strategies (Keeley 2001). This ethnocentric approach has been a big hindrance to the diffusion of parent practices into other subsidiaries. More research studies that have been done have also drawn focus to the influence which the parent country has on how strategic decisions regarding human resource management is done by a company in the host country. Most developing countries pursue different trade policies and strategies; they are these strategies and policies that inform how the multinational corporations operate and interact with other corporations from other developing and developed nations as explained by Kidd et al (2001, pp. 154-163). The fact is that these developing nations have different cultures from the host nations. Due to these differences, it has become an uphill task to transfer human resources management strategies amongst the developing nations. Moreover, different nations come up with changing legislations regarding labor management. These legislations are on policies that may concern minimum wages payable to an employee, the number of expatriates allowed in a foreign owned corporation and also the work status of such expatriates. Developing economies have different economic systems governed by different economic policies and strategies (World Book Encyclopedia 1994). Some economies are centralized while others are liberalized. In the centralized economies, it becomes a bit more difficult for foreign-owned corporations to get foreign expatriates and according to Dutkiewicz and Espino (1997, p. 22), a corporation may be forced to hire purely locally; the issue here is that centralized economies are under direct governments’ control. With respect to this, different governments come up with certain restriction or legislations that may be different from the home country of a parent corporation. Different countries also have varied legislations regarding human capital and multinational corporations are expected to comply with the legislations of the host countries. One area in which legislations differ is in terms of income. Income taxes may vary and have different ranges. This is always likely to have negative impact on the attitude of employees who are transported or exported to countries where income taxes are high. Besides, due to currency fluctuation in the global financial market, managing the salaries for the expatriates becomes a big challenge to International Human Resource Management process. Political factors Politics is one of the major factors that directly impact on IHRM. The political activities in the developing economies have significant influences in the IHRM. Elaboration of this point is evidenced by the fact that different developing nations have varied political environments. The political environments of developing nations are more dynamic in comparison to the political environment of Western developed and other developed nations. Due to this, International Human Resource Management process faces more challenges in the developing economies than developed countries. The causes of these challenges emanate from the fact that the political landscape is characterized by varied opinions by different rival politicians giving promises to the people during electioneering periods; this has made the political environment of the nations to be unstable and hence unpredictable in terms of efficient and effective IHRM policies implementation (Sparrow 2009). Political factors are intertwined with economic factors; this is in the sense politics determines economic activities in the countries. The role of politics in this sense is strong in the developing countries where poverty indices are still low. Political instability and or elements of social conflicts may scare away foreign direct investments; and most importantly, foreign workers may fear working in such economies. The effect of this scenario is ineffective transfer of human capital to certain regions. However, political stability and relative peace in these economies are likely to benefit multinational corporations as far as IHRM is concerned (Sparrow 2009). Within the political environment, there are several pressure groups and institutions that represent different interests of particular individuals. Labour unions are some of the mostly prominent pressure groups shaping the political landscapes. The availability and the latent influence exacted by the labour unions are some of the dominant factors considered when multinational corporations are deciding on countries to expand their operations to. The multinational corporations consider critically the potential cost and other limiting factors associated with the influence of labour unions. The structures of labour unions, their priorities and legislations and practices vary greatly amongst the developing nations. Some of the unions are organized based on the basis of shared industries while others are organized according to occupation of the members. There are nations where labor unions play a major role in labor relations and, low, are allowed to have representations in the boards of multinational corporations. Otherwise, there are also developing nations where independent labour unions are suppressed. Moreover, in some countries labour unions are only mainly concerned with safeguarding personal interests of workers; such interests are commensurate wages and better working conditions. In other nations, labour unions are actively involved in political process and activism. The presence of labour unions may be both beneficial and disadvantageous to multinational corporations. However, it is the prerogative of individual Multinational Corporation to decide whether it is to venture and carry out its expanded operations in a country of choice. However, it is important to mention that there are varied implications of the dynamic labor unions to the International Human Resource Management, especially in developing nations where labour unions are fully involved in mainstream politics and activism. These unions are not just a collection of workers, but also of individuals with political motivation. The consequence of this is that political issues may get into the core business of a multinational corporation thereby jeopardizing its business objectives. Therefore, International Human Resource Managers have to deal with more diversified labour issues than the national human resource managers. Organizational culture Organizational culture is one of the institutional factors that affect the IHRM. An organization’s culture is a popular concept in the theory of organizational management. It is used to refer to the underlying fundamental assumptions, shared norms and values that determines and informs the behavior of individuals attached to the organization; it serves as a behavioral control and provides a framework within which employees are to carry out organizational duties. Research has shown that there is evidence of potential ability of organizational culture in informing the values of the employees (Perkins 2000). Nonetheless, further studies have shown that an organizational culture may instill values and norms that are not consistent with those of national culture to its employees. Consequently, the both national and organizational cultures are likely to conflict at international level. Focusing on organizational culture, it is crucial to note that when a corporation goes multinational, it is likely to face challenges in situations it establishes subsidiaries in countries where its culture is potentially in conflict with the national culture of the host country. It therefore implies that an internationalizing corporation requires carrying out of thorough audit of the new regions of operations and reforming its organizational culture to conform to the national culture of the host state. This may include changing its human resource policies and harmonizing them with those of the host state (Perkins 2000). Every organization has its own culture, which it uses to remain distinct within the global sphere (Joynt & Warner 1996). However, this may not stand due to varied national cultural practices of different nations. As has been discussed earlier, the organization will be forced to adapt to cultural practices of the host countries; this may mean employees working in each subsidiary have differing norms and values. This situation is extensively discussed and explained by Heath (2005, p. 233). The organizations may find it appropriate to adapt to the cultures in the host countries. The implication of this is that the organization is most likely to lose its organizational cultural identity; but still the organization has to operate as a unit on the world business platform. Taking for instance, operating in a purely Muslim country will need restructuring how human capital is managed in the organization. The relationship between men and women in Muslim countries are not as liberal as other non-Muslim nations. Therefore, the organization is faced with lots of cultural dilemmas in terms of IHRM. Joint ventures and acquisitions are some of the ways through which multinational corporations expand their operations. Given the varied organizational cultures of the developing countries, integrating human capital to work as a unit is likely to be faced with some challenges on the basis of cultural conflict. This situation may be more evident where two multinational corporations come together just to form a joint venture. However, the organizational culture of the acquiring corporation may dominate the whole negotiation. But it is also important to note that, with this respect, organizational culture may not be a problem where a multinational corporation expands its operations to regions where its culture is identical or closely related to the host’s national culture and organization (Perkins 2000). Due to different and varied national and organizational cultures, a multinational corporation may consider localizing recruitment of its human capital. The advantage of this is that there is no need to grapple with cultural issues since human resources are tapped locally; the employees are already familiar with their own national culture and are able to form a uniform organizational culture (this is where the organization has decided it will allow its organizational culture to vary regionally or geographically). This is exemplified where multinational corporations expand within the developing Muslim states. Adoption of new technology and effecting new changes form an important part of an organizational culture. Employees and other stakeholders have different opinions regarding new changes; due to this, it is important that they are well prepared for such changes. Otherwise, any form of change may not get their support, especially when change involves the corporate organization going global with its business operations. An organization may be forced to ensure that its potential expatriates are well informed on the imminent changes and how they are likely to be affected.