The Great Depression Research Paper Example | Topics and Well Written Essays - 1250 words

The Great Depression - Research Paper Example The great depression had begun in United States of America with disastrous collapse of stock market prices on the New York Stock Exchange in 1929 and had continued to fall down for three years. During that time the unemployed had risen 25 percent to 30 percent. After a year the great depression turned into across the world. The great depression severely hit those countries that were closest to United States. We collected data from past research papers, books and economic factors. The result of the research paper shows that the main reason of great depression across the nations was structural weaknesses and specific economic and political events that turned into great depression and varied nation to nation. The internal policies, structural strength or weakness made the country’s condition worse or better. Our results suggest that scholars are not agreed with exact reasons or causes of great depression. Introduction The great depression is just like a night mare in the life of an individual, which can never be faded. It is also recognised as an economic slump, which shattered the entire business environment of America. As a result, its effects can also be visualised in the business environment of the other states in the entire globe. ... of productivity and unemployment increased, creating a distressing situation in the entire world.Furthermore, the image and profit margin also reduced, leading to enhancement of the prices of varied products or services. The prices became almost sky-soaring, i.e. almost 50 percent hike, from the normal rates. Not only this, it also offered high effects over the tax revenues as well, reducing the level of incomes of the individuals in diverse regions (Robbins, 2007).Therefore, it can be depicted that the impacts of the great depression is still in an on-going situation, which might prove more hazardous in future(Craves, 2009). Causes and Effects Great economic depression resulted due to the collapse of the stock market, in the year 1930. It mainly originated in the nation of United States, but very rapidly to the entire globe into its grip. From America, it spread to Europe and then to the rest of the world, resulting in rise of unemployment and poverty. Due to this downturn almost ev ery aspect of life came to a standstill, hampering the entire business sector. As a result, the level of living standard and life style also reduced to a significant extent, resulting in augmentation of the level of redundancy and scarcity in the market (Romer, 2003). The prime reason, which is entirely responsible for this huge massacre, is the crash of the stock market in the year 1929. It is also regarded as a black Tuesday, as it offered huge negative impact over the entire world. Due to this, numerous stock holders had to lose huge amount of revenues, resulting in huge loss. Due to which joblessness raised to a considerable extent, hindering the level of existence of most of the individuals. Along with this, another imperative reason for this downfall is failure of almost 90 percent

Suitable media(a song, poem, cartoon, etc.) that can be used to Essay

Suitable media(a song, poem, cartoon, etc.) that can be used to illustrate a concept - Essay Example These are organizational behaviors that are undesirable but they depict how employees would behave if they are demotivated and lost faith leadership about their leadership by thinking (which later influenced their actions) that their organization represents all that is â€Å"soulless and wrong!". The most obvious negative element present in Initech was the alienation of employees. The first kind of alienation was the inability of the Peter Gibbons, Michael Bolton, Samir Nagheenanajar and Milton Waddams to appreciate the fruits of their labor because they cannot concretely connect how their jobs contribute to the software they are creating that made that Peter to stare at his computer all day. They despised their work and this alienates them from it which their rebellious and antagonistic behaviors showed. As a result of the alienation from work, Peter et al felt alienated from themselves because they feel that their jobs are sucking the life out of them with Peter Gibbons remarking â€Å"We weren't meant to spend it this way. Human beings were not meant to sit in little cubicles staring at computer screens all day†. ... Workers fall into place of what they do by the rational legal authority vested to its bosses which in the movie Office Space case was Bill Lumbergh whom the protagonist workers hated because he represent all that is â€Å"soulless and wrong†. It is important to stress that despite Peter, Milton, Michael and Samir loathe of Bill, Bill still continue to lord over them as Vice President because the structure of the organization provided him the legal authority to be the boss no matter how hated he was. This set up is what Weber called to be the iron cage of bureaucracy that employees are still in the organization even if it is spent in Gibbons terms â€Å"filling out useless forms...and listening to eight different bosses drone on about mission statements† because they needed the job. In plain language, the job may suck but they have to be there to make a living because there are bills and mortgages to pay. There may be no prison bars but certainly, the formal offices whic h Weber described as the place they do their specialized skills and reason to be in the organization also felt like a prison cell. Thus, the person in the organization is diminished and turned into a soulless or alienated bureaucrat because he or she still has to be there no matter how despicable the job and organization is. The movie of course is an exaggeration just like any other narrative to underscore certain points of which the moviemakers intend to impart to its audience which in this case organizational behavior of discontented and unhappy employees. One of these exaggerations is the penchant of their boss Bill to write memos reflective of Weber’s nature of organization to abide by formal written communications which in this case,

Female Social Roles In Victorian Literature

Female Social Roles In Victorian Literature During the period between Victorian and modern age, female social roles have changed significantly; however, they still have remained some convention inherited from its previous generation. To examine women and society of their time, Charlotte Brontà « in nineteenth century and Virginia Woolf in twentieth century could provide the reflection in a clear and realistic way. However, there are similarities and differences in female social roles in their ages. The aim of this study was to compare and contrast Brontà « and Woolfs portrayal of women and their contemporaries in terms of professions, marriage, and awareness. It is concluded that even though the Victorians pioneered to give the emancipation of women, they were hardly abandon the domestic marriage in Brontà «s fiction. On the other hand, Woolf had claimed women rights should be developed by economic independence, but she did not deny matrimony. This may be interest feminists, socialists and literature readers, especially who want to know more about women modern times. Contents Abstract Introduction 1. Working Women in the Literature of Charlotte Brontà « and Virginia Woolf 1.1 Similarities 1.2 Differences 2. Wives and Mothers in the Literature of Charlotte Brontà « and Virginia Woolf 2.1 Similarities 2.2 Differences 3. The Awareness of Women in the Literature of Charlotte Brontà « and Virginia Woolf 3.1 Similarities 3.2 Differences Conclusion References Introduction Female social roles have changed dramatically from Victorian age (1837-1901) to modern age (from twentieth century to the present), and literature would reflect in a vivid way the relation between women and their eras. Writers such as Charlotte Brontà « and Virginia Woolf are particularly influential on the literature and the contemporaries in Victorian and modern age. As the female writers, which are not valued in their generations, Charlotte Brontà « and Virginia Woolf have more closeness and concern to the women in their society. Before and at the beginning of nineteenth century, a model of femininity was the perfect lady, which was inherited as a Victorian ideal of women. Family and morality were the base of Victorian society, and girls were all taught to submit to the authority and matrimony (Vicinus 1972). The concept of The Angel in the House, which was referred to the embodiment of Victorian women, was prevail in the Victorian society. As a result, women in Victorian Age were regarded as incompatible and excluded in many professions. Showalter(1999) points out that the first professional activities of Victorian women are either in the home or in womanhood. From the nineteenth century, however, the prevalence of education attributed to the gradual rising incidence of working women. Besides, by the struggles of individuals and feminists, the obstacles to the entry into professions for women, whose exclusion and incompatibility in work had been debated, were removed in the beginning of twentieth century. (S windells 1985) Meawhile, the concept of morality and family was strongly suspected by the critics and feminists, who argue that there is no The Angel in the House. Within a century, not only female social roles but also female awareness had been emancipated from restraint, though some conventional notions had still remained. The purpose of this paper is to compare female social roles in Charlotte Brontà «s Victorian fiction and Virginia Woolfs modern literature in terms of three aspects: working women, wives and mothers, and awareness of women. Women and professions in Brontà « and Woolfs literature will be compared and contrasted firstly. Then the similarities and difference of married women their work will also be examined. Finally, how female consciousness is portrayed in their work and its development from Victorian to modern age will be discussed. 1. Working Women in the Literature of Charlotte Brontà « and Virginia Woolf 1.1 Similarities Nineteenth century is a crucial period for modern age because of the gender attitude and practices and professional structure which people inherited were formed. Besides, despite of the fact that the entry of Victorian women with professions had not happened in significant numbers (Swindells 1985), the idea of professionalism in Victorian age also stimulates the inspiration of the contemporary novelist, Charlotte Brontà « and the modern writer, Virginia Woolf. Due to the fact that women have gained more access to education since the middle nineteenth century , both Charlotte Brontà « and Virginia Woolf have positive stance on women professions because women feel just as men feel; they need exercise for their faculties and a field for their efforts as much as their brothers do. (Brontà « 1985:141) Women and professions are presented in Charlotte Brontà «s novels. The most prevailing occupation for young girls in the middle-classes in Victorian Age is governess, as Charlotte Brontà «s Jane, the well-educated heroine, in Jane Eyre. To quote from Franà §oise (1974:155), à ¢Ã¢â€š ¬Ã‚ ¦she is completely free in her work, that her relations with her pupil Adele are goodà ¢Ã¢â€š ¬Ã‚ ¦, she deplores Adele French coquetry and frivolity. Mr. Rochester has enough books in his library for her teaching methods. In Jane Eyre, Charlotte Brontà « depicts the background of a governess life in her employers family. In Virginia Woolfs viewpoint, it was possible that women are kept away from academies and institutes, but women cannot be forbidden from using the pen, paper and writing desk. Katharine Hilbery in Virginia Woolfs Night and Day is the implication of her approval of female professionals. During the daytime, Katharine helps her mother write the biography of her grandfather Richard Alardyce, who is a well-known poet, and she develops her interest at night. In addition, Katharine Hilbery is expected to be a writer to inherit the talent of her family estate. Virginia Woolf uses Katharine as her idea of a feminist: marriage is not the only destination for women. As the incidence of working women has increased, writers as Charlotte Brontà « and Virginia Woolf create their own heroines concerning the relation between female and professions. Though they belong to the two generations that female capabilities are often denied, Charlotte Brontà « and Virginia Woolf share the same point that women can do as good as men in vocations. However, there are some different development of their novels which represent Victorian and modern ideologies of women who have jobs, and they would be discussed in the following section. 1.2 Differences In the late Victorian age, the conventional social roles of women, who start to demand their own welfare and seek for more constructive roles in society, met great challenges (Vicinus 1972). Therefore, there has been a rise of the number of women who have professions since Victorian age. In the literary work of Charlotte Brontà « and Virginia Woolf, there are different implications and stances of working womens final outcome. Women in Charlotte Brontà «s fiction are affected by the ideology that marriage is the ultimate goal for women in Victorian age. Franà §oise points out that Jane in Jane Eyre, ends up by marrying after being independent and free for a time, and that she gives up the task of a tutor and enjoys the moral satisfaction. Jane also indicates that Victorian married women in working-class were still minority. Another heroine in Charlotte Brontà «s Shirley, Shirley Keeldar, who longs for pursuing an occupation, would never stray from the domestic model eventually: Caroline, demanded Miss Keeldar abruptly, dont you wish you had a profession a trader? I wish it fifty times a day. As it is, I often wonder what I came into the world for. I long to have something absorbing and compulsory to fill my head and hands, and to occupy my thoughts. Can labour alone make a human being happy? No; but it can give varieties of pain, and prevent us from breaking our hearts with a single tyrant master-torture. Besides, successful labour has its recompense; a vacant, weary, lonely hopeless life has none. (Brontà « 1977:235) This passage represents the confrontation of love and professions in Victorian age. Though Caroline wants to have a richer life by working, professions for her still cannot be prior to love and marriage. The function of work is to prevent us from breaking our hearts with a single tyrant master-torture. As Vicnus (1972:xi) pointed out, many young women suffered the pangs of unrequited or false love, as described by Caroline. On the other hand, Virginia Woolf claims that women must be economically independent to develop their professions. In A Room of ones Own, Virginia Woolf particularly points out the difficulties that women as vocational writers have met. The imaginary heroine, the talented Shakespeares sister, is neglected and rejected by the society. If she has the room of her own, her creativity would be valued. In Professions for Women, Virginia Woolf states her opinions after the beginning of womens liberation from work in early twentieth century: The whole position, as I see ithere in this hall surrounded by women practicing for the first time in history I know not how many different professions-is one of extraordinary interest and importance. You have won rooms of your own in the house hitherto exclusively owned by men. You are able, though not without great labour and effort, to pay the rent. Your are earning your five hundred pounds a year. But this freedom is only a beginning; the room is your own, but it is still bare. It has to be furnished; it has to be decorated; it has to be shared. How are you going to furnish it, how are you going to decorate it? With whom are you going to share it, and upon what terms? (Woolf 1942:153) In the process of making the entry into the work, women had won their own rooms and five hundred pounds a year, which Virginia Woolf regarded as necessary. She considered professions for women as extraordinary interest and importance. The room, professional work, was no longer possessed only by men. Finally, women had the decision to furnish, decorate, and share the room. In sum, women in the beginning of modern age had strived for their rights to get the access to the professions, the innovation and great progress in female history. 2. Wives and Mothers in the Literature of Charlotte Brontà « and Virginia Woolf 2.1 Similarities Since most of the literature of Charlotte Brontà « and Virginia Woolf explore the relation between female and their contemporary era, marriage hardly fails to be neglected. Calder(1976:59) states, marriage [in Victorian age]was the core of social life and social aspiration. In the early twentieth century, modern society still remains the domesticity and morality inherited from Victorian age. Thus, female roles in the fiction of both Charlotte Brontà « and Virginia Woolf inevitably follow the conventions of the idea of marriage. Marriage is a social success in Victorian age, and being unmarried is considered the failure of womens lives. In Jane Eyre, Janes marriage with Rochester is domestic, with her total dedication to her husband. Jane is in the social doctrine that a Victorian woman should be all devoted to her husband and children, and that her duty is to provide a comfortable and domestic life for her mate On the hand, Caroline in Charlotte Brontà «s Shirley finds that an unmarried woman is doomed to be the victim of society, as shown by Miss Mann and Miss Ainsley. Single women are in the sacrificed social status, just like the homeless and unemployed people. (Franà §oise 1974) Similarly, Virginia Woolfs women are cast in a highly traditional mould and still confined to a female sphere'(Stubbs1979:233). Mrs. Ramsay in To the Lighthouse leads an well-ordered life and creates the harmony not only be giving birth to children but also by giving a peaceful life for them. In fact, the stability of the family is based on the nature endowing with life, the mother. In Mrs. Dalloway, Clarissa is the hostess arranging the party in her house, and she is also the symbol of the natural bond to the convention and society despite of the fact that her husband and her are an unequal couple. (Marder 1968) In sum, the ideas of marriage in the ages that belong to Charlotte Brontà « and Virginia Woolf are similar; that is to say, wives and maternity are the basis of stability and the core of domesticity. Nevertheless, Poovey (1988) has indicated that the Victorian subordination of one to another is always unstable, and the inequality can explain the emergence of the opposite, the various movement of feminists. The change of the structure and the ideology of family has implied in Virginia Woolfs later novel, Three Guineas. 2.2 Differences Marriage in Charlotte Brontà «s literature differs from Virginia Woolfs in terms of the womens subordination. In Victorian age, men control over women in relationship and matrimony, both of which are suggested in Charlotte Brontà «s Jane Eyre. However, this situation has changed in modern age, when masculine power has gradually eroded. Instead of staying in the masculine domination, people start to be suspicious of the value of marriage in modern age. Virginia Woolfs Three Guineas has indicated the decadence of family. In Jane Eyre, the theme of mastery of male power could often be seen. In Janes childhood, she is demanded to call John Reed my master. When she develops the relationship with St. John and Rochester, she insists on her personal will and freedom. However, she expresses her struggle and inability to avoid the domination of St. John: By degrees, he acquired a certain influence over me that took away my liberty of mind: his praise and notice were more restraining than his indifference (Brontà « 1977:423). As for Rochester, he completely masters Jane, not only as an employer but also a man. Jane says, for a moment I am beyond my own mastery (Brontà « 1977:272). She cannot resist the attraction of male domination from Rochester, even when she tries to escape from him. In the end, the rebellious and ambitious Jane submits to her master, Rochester, and finally becomes absolutely bone of his bone and flesh of his flesh. (Calder1976) In Virginia Woolfs opinion, unlike Charlotte Brontà «, marriage to women is a way to show subordination in masculine society. Once women are married, they lose their independence, self-identity and the bond with society. In Mrs. Dalloway, it suggests that its likely that women are the prisoners in marriage; nonetheless, Clarissa, the protagonist, still can feel at ease and find a way out in matrimony by arranging a party at home. May (1981:134) claims, Mrs. Dalloway is about degrees and kinds of relatedness and human beings to one another, varying from lonely madness to self-compromising sociability. Virginia Woolfs Three Guineas is based on her observation of the society. In the beginning, the Victorian family (the Pargiters) seems stable but gradually falls into decadence. Eventually the members of the three family have been separated, and many of them remained unmarried or even isolated. At the end if the story, the children and grandchildren gather in a party, which indicates th at time has brought the revolution and breakdown to traditional Victorian society. From the literary work of Charlotte Brontà « and Virginia Woolf, we can discover the development of the idea of marriage from Victorian to modern age. Virginia Woolf, as a female writer, examines and criticizes womens role in marriage, which is an ultimate goal for Victorian women. 3. The Awareness of Women in the Literature of Charlotte Brontà « and Virginia Woolf 3.1 Similarities More work opportunities provided for women were the implication of females awareness of the importance of economic independence. Therefore, independent heroines could be seen in Charlotte Brontà «s literary work in Victorian age (Vicinus 1972). Besides, they became the foreshadow of Virginia Woolfs modern literature. Independent heroines are often portrayed in their fiction. In Charlotte Brontà «s novels, Shirley and Jane Eyre, the outspoken main female protagonists are the models of women independence. Shirley Keeldar, who describes herself as a woman, and something more, is an economically independent woman in Shirley. In addition, Shirley also suggests that the dependent relation is always unstable and leads to misery. Like the workers to their owners, wives are maltreated and ignored. In Jane Eyre, Jane will not succumb to the reality, and it could be seen from her rebellion in childhood to her pursuit for knowledge and love in womanhood. Jane is not satisfied with the feeling of confinement: Then I longed for a power of vision which might overpass that limit; which might reach the busy world, towns, regions full of lifeà ¢Ã¢â€š ¬Ã‚ ¦ I desired more of practical experienceà ¢Ã¢â€š ¬Ã‚ ¦ more of intercourse with my kindà ¢Ã¢â€š ¬Ã‚ ¦(Brontà « 1977:140). Franà §oise(1974) also points out that Jane does not deny her love for Rochester and that she confesses and attentively listens to his depiction of his story, as a result of her refusal to the traditional feminine roles: reliance, modesty and shyness. According to Showalter (1999), Janes running away from Rochester is her self-preservation. In Jane Eyre, as cited by Showalter (1999), Jane tells herself, I care for myself. The more solitary, the more friendless, the more unsustained I am, the more I will respect myself (Brontà « 1977:344). For her, action is always the way to independence. Franà §oise (1974) claimed that Charlotte Brontà «s heroines represented the female disobedience to conventional rules and the liberty of the Angel in the House. In modern age, Virginia Woolf also claimed the importance of being economic independent and having a room for ones own for women. As Virginia Woolf (1945:112) stated in A Room of Ones Own, the habit of freedom and the courage to write exactly what we think,à ¢Ã¢â€š ¬Ã‚ ¦then the opportunity will come and the dead poet who was Shakespeares sister will put on the body which she has so often laid down. If the room of ones own is a place for the feminine conference, which contains the authority, politics, and aggression in male world, it will be a grave, as Clarissas attic bedroom in Mrs. Dalloway. However, if it is a center combined with female tradition and culture; if people here make efforts to women independence, then Shakespeares sister, the future Virginia Woolf, may appear eventually. That female shares the equality with male is not a fantasy (Showalter 1999). In Virginia Woolfs To the Lighthouse, Lily, a female painter, eagerly wants to prove her ability to Charles Tansley, who claims that women cannot paint and write. She represents the women of independence and females desire of overtaking the gender boundary. Charlotte Brontà « and Virginia Woolf have indicated the female awareness and independence of their contemporary ages; however, it seems that Victorian women still fail to be separated from domestic marriage. The differences of Charlotte Brontà « and Virginia Woolfs heroines in terms of female awareness will be examined in the following section. 3.2 Differences Though both Charlotte Brontà « and Virginia Woolf have portrayed and declared their stances toward women awareness, they have endowed them with different characteristics and destinies suggesting the conventional notions in Victorian and modern age. In Brontà «s novels, however, female roles ultimately cannot avoid the bond of marriage, which is considered as the destination of Victorian women. On the contrary, Woolfs women would not always follow this pattern. Furthermore, she has pointed out the flaw of Brontà «s fiction. In spite of the fact that most of the heroines in Brontà «s novels are passionate, restless, and often contradictory in their inner world, they are often tied to matrimony at the end of the story. Both Brontà «s Jane Eyre and Shirley provide the evidence of convention that Virginia Woolf attacks. Love and marriage are significant ingredients in the literature in nineteenth century.In Jane Eyre, Jane is ambitiously desired to pursue the vastness of knowledge. Meanwhile, like Shirley Keeldar in Shirley, she can only contemplate marrying a man who can be her master (Calder 1976). Similarly, the two heroines in Shirley, Caroline and Shirley, hunt for independence; however, both of them quest for ideal mates as well. The pattern of Jane Eyre and Shirley is similar to some extent: those female protagonists have no choice but being dominated by men at last. In twentieth century, Woolfs Night and Day shows that womens consciousness has challenged the social notion concerning female roles and that marriage to women is not the only solution. Though being in the dilemma of the fact that if she should break the convention and disobey the expectation from her family, Katharine Hilbery can decide her own future. Besides, in Virginia Woolfs A Room of Ones Own, she argues that Charlotte Brontà «s writing inherits masculine style, It was a sentence that was unsuited for a womans use. Charlotte Brontà «, with all her splendid gift for prose, stumbled and fell with that clumsy weapon in her hands (Woolf 2000:77). Virginia Woolf regards that literature has been authorized by men since ancient time; thus, masculine sentences are inevitable even in womens literary work. Showalter (1999) has expressed a similar view that female writers had been deprived of the language of their own style and the awareness of ambition, and their deprivation had extend ed from Victorias reign to the twentieth century. The delicacy and fastidiousness of Woolfs language is an expansion of this feminized style. Conclusion Charlotte Brontà « and Virginia Woolfs portrayal of female characters had reflected the female social roles in Victorian and modern age. In the transition between nineteenth and twentieth century, the womens ideology and the social norms had changed, while some of them still had been inherited. They were presented in Brontà « and Woolfs literature in a various and fascinating way. To compare and contrast women in the literary work of Brontà « and Woolf, the female roles in professions and marriage and their awareness were chosen. More and more women had had their vocations, which meant that they had the economic independence; however, Victorian women still could abandon it for marriage. Besides, it was discovered that while domesticity had been valued in both Victorian and modern age, people gradually had found the flaw of the subordination of wives. As for womens inner world, self-discovery and thirst for independence were both considered in Brontà « and Woolfs literature. Unlike Brontà «, Woolf had emphasized the significance of womens own income and feminine language. It is concluded that female had gained more freedom in modern age and that Virginia Woolf strongly supported the idea of gender equality and was optimistic toward the future women status.

Our Town - An Essay On Theme Of The Play :: essays research papers

The theme of the play has to do with the way that life is an endless cycle. You're born, you have some happy times, you have some bad times, and then you die. As the years pass by, everything seems to change. But all in all there is little change. The sun always rises in the early morning, and sets in the evening. The seasons always rotate like they always have. The birds are always chirping. And there is always somebody that has life a little bit worse than your own. In act one when the stage manager pulls Mr. Webb out of the play to talk with him on page 528, the lady in the box asks "Oh Mr. Webb? Mr. Webb is there any culture or love of beauty in Grover's Corners?". Mr. Webb her, there isn't much culture the way she might think, but "... we've got a lot of pleasures of a kind here: We like the sun comin' up over the mountain in the morning, and we all notice a good deal about the birds. We pay a lot of attention to them. And we watch the change of the seasons..." These are the things that the people of Grover's Corners appreciate, the things we take for granted. Also in act one, after the choir rehearsal on page 532, Dr. and Mrs. Gibbs are gossiping about the town drunk. Dr. Gibbs says "I guess I know more about Simon Stimson's affairs than anybody in this town. Some people ain't made for small-town life. I don't know how that'll end; but there's nothing we can do but leave it alone." This shows that there is always someone that has things worse than you do. At the very beginning of act two when the stage manager tells that three years have gone by, but nothing has really changed, and the cycle continues. In act three at the beginning on page 547, the stage manager tells that nine years have gone by. "Gradual changes in Grover's Corners." He then tells how horses are being replaced by Fords, and that people lock their doors now at night. Then he says, "You'd be surprised, though—on the whole, things don't change much around here." Again this indicates the endless cycle. My idea of the theme of the play doesn't differ all that much from Wilder's theme. My idea of the theme only adds to Wilder's theme.

Orgnizational structure of two companys Essay

Starbucks Corporation is an American global coffee company and coffeehouse chain. It is based in Seattle. It was founded in Pike Place Market in Seattle, Washington March 30, 1971.It is a public business and consist of 149,000 employers as of 2011. In Starbucks the Managers and subordinates alike are working with communications more efficiently. By having a Flat decentralized structure. Flat in the sense that Starbucks has few layers of management and broad span of control and decentralized meaning mangers and employers are allowed to take charge in the decision making instead of headquarters due to the fact that they have close relationship with the customers. Also, since Starbucks specializes in coffee production and sales it cannot be considered a matrix organization. This is because unlike companies like apple and Microsoft where various projects take place on a daily basis, Starbucks just focuses on mainly coffee marketing and coffee production. Wal-Mart Wal-Mart is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. The company is the world’s second largest public corporation. The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. It is headquartered in Bentonville, Arkansas. WalMart is also the largest grocery retailer in the United States. Walmart has a total of 2.2 million employees as of 2013. Wal-Mart’s management structure and management style model is created or molded by Sam Walton’s principles and values. Increasing size and geographical scope of Wal-Mart determined that the corporate executives should remain in touch with customers and store operations on a daily basis. This means that Walmart engages in a Centralized authority. Also, Wal-Mart’s regional vice presidents are responsible for supervising between 10 and 15 district managers. The divisional structure is divided into three categories: product, market, and geographic. This means also that walmart specializes in Departmentalization. Moreover, due to its type of industry (retail) not much projects need to be done. In other words, Wal-Mart is a line organization. To sum things up, the structure of Wal-Mart clearly defines the roles of employees and lines of authority. By following divisional structure approach Wal-Mart has a flat Centralized structure which enables it to have a wide span of control and this plays a major role in decision making . References http://www.starbucks.com/ http://www.latimes.com/business/money/la-fi-mo-starbucks-ceo-howard-schultz-government-shutdown-20131008,0,4717965.story http://smallbusiness.chron.com/starbucks-its-organizational-design-12857.html http://corporate.walmart.com/our-story/leadership/executive-management http://www.walmart.com/ http://news.walmart.com/news-archive/2010/01/28/walmart-announces-organizational-changes

Wake Forest University President Nathan O’Hatch Essay

Wake Forest University President Nathan O’Hatch hinted that the success of the University has come straight from the pupils that inhabit the establishment. along with the campus atmosphere created by them. He confirms that the university strives to obtain a vibrant and tickle pinking community that moves toward success through instruction and character development. I believe that Wake Forest University is seeking for pupils who will go forth a positive impact on the constitution while holding a strong concentration on their ends. I believe that my rational growing and experiences. spiritual background. and morally driven values and features will lend greatly to the enlargement of the Wake Forest community. Lou Holtz one time quoted. â€Å"Ability is what you’re capable of making. Motivation determines what you do. Attitude determines how good you do it. † This inspirational committedness to dispute your head to achieve success each and every twenty-four hours measures the accomplishments that a individual will accomplish throughout their life. Throughout my high school calling. I have experienced many educational chances and held many leading functions that were critical to determining my hereafter. A person’s ability. motive. and attitude are imperative features that define their motivations throughout all of their enterprises. I have found it really of import for one to environ oneself with positive influences. along with a diverse group of people in order to spread out and turn as an person. If one converses with the same community each twenty-four hours. they will ne'er dispute themselves in their cognition. and in bend become less intellectually rounded. I strive to be an active pupil in my school who engulfs many thoughts and is all-around in the facet of instruction and extra-curricular activities in order to go forth a positive impact on my equals for the improvement of my hereafter. and theirs. At the beginning of high school. I embarked in a plan that has impacted my life in many ways. I have been molded into a confident leader who strives to do a positive impact at my high school. and on my community. due to my adviser and my personal committedness. This organisation was Student Council. In the 9th and 10th class. I was elected Secretary and so Vice President of my category. I so was nominated and selected to function as the 2nd frailty president of the full pupil organic structure. which finally set me up to be the Student Body President my senior twelvemonth. I have grown into a individual through experiences that have come along as a consequence of my being an active portion of the Student Council. My organisational accomplishments have proved effectual as I have planned and implemented many thoughts throughout my high school calling in Student Council. I have actively planned three Homecoming skits and dances. four spring dances. three Powder-puff games. two contrivance ball tourneies. three Mr. Cardinal Cabarrus Pageants. two volleyball tourneies. and many more events as a head leader in leading category and Student Council at my school. During my last two old ages as the Student Body 2nd Vice President and Student Body President. I have actively led the council in a way that has non been travelled earlier as we have embarked on a community service undertaking and active engagement throughout the community. As the 2nd frailty president of my council. we successfully raised $ 19. 000 for Juvenile Diabetes through fundraisers including a contrivance ball tourney. a spring dance. and many other little undertakings. We have set ourselves a challenge of transcending this end as a school this twelvemonth. I have organized the council to take part in the Particular Olympic Games at the Cabarrus Arena for the past three old ages to back up and promote these astonishing jocks. I strive to take the council and my school with a positive force that places a strong accent on community service and school improvement undertakings. Student Council has allowed me to work with the disposal and high degree functionaries in the community. edifice assurance in myself along with fostering my societal accomplishments. On legion occasions. I have submitted proposals to the principal and school board to implement events. and I have had to professionally stand as the pupil body’s voice as I discuss these issues with functionaries of our community. Although defeated after the Renaissance breakfast was rejected. I responded with enthusiasm to get down the following undertaking of Darfur Awareness Week. a cause for which I am really passionate. I have actively taken a function in the Beta Club. Mu Alpha Theta Math Club. National Honors Society. and Junior Civitan Club. as I hope to make everything in my power to go forth a bequest at Central Cabarrus High School. I strive to go forth the school in a better topographic point than I found the booming constitution. On an educational footing. I have enlisted in legion advanced arrangement and awards classs to foster my rational ability throughout my in-between school and high school calling. Currently. I am disputing myself to finish two strict classs dwelling of AP English IV along with AP Government merely in this semester. These two categories are the most demanding at our school. and I am one of merely 10 persons of each category who dared to face these two challenging classs in the same semester. I admire each person in these categories and larn new thoughts and beliefs by environing myself with these astonishing and bright pupils. In my AP English category. I have been exposed to many doctrines. and many signifiers of literature. including Shakespearian sonnets and dramas. which I would hold antecedently ne'er studied. In AP Government. I have watched and analyzed the differing positions of Democrats. Libertarians. and Republicans as we analyze the modern fundamental law and judicial system. I have set a high end of myself to accomplish success in each category with a wide cognition of information from each lesson. If I keep a strong focal point on my ability. motive. and attitude. I will go on wining in each of these categories. I believe Wake Forest University President indicates the success of the University comes straight from the character development and diverseness which is learned from environing oneself with persons of rational and diverse backgrounds. and this is something that I have learned to encompass. Along with disputing me each twenty-four hours to intellectually turn from my experiences and instruction. the importance of Christianity has impacted and shaped my life in many countries. I was blessed to hold the chance to go to a Christian school until the age of 13. which assisted in modeling me into a compassionate. honest. and respectable person. I received a all-around instruction that allowed me to apportion a strong moral background and foundation for my life. I learned the importance of maintaining a respectable repute. giving back to the community. and go oning to pattern unimportance before God. I have been a Christian for every bit long as I can remember and hold grown as an person due to this committedness. I have challenged myself to distributing the many approvals of God and representing a positive Christian attitude in my every twenty-four hours encounters. I have portrayed an active function throughout the community and have an aspiration of doing a difference in every bit many lives as possible. As the Student Body President. a member of leading category. and the Varsity Cheerleading Captain. I have had the chance to accomplish my aspiration already in my adolescent old ages. I am really active in Race for the Cure. Walk for Juvenile Diabetes. Particular Olympics. Join the World of Winners. and Darfur Relief attempts. It is highly critical to take part in volunteer community service undertakings for the good of your community. I have served as a voluntary Particular Olympics Cheerleading manager for a gym in my country. As I have surrounded myself with these kids on a hebdomadal footing. I have learned the importance of dedication. open-mindedness. forbearance. optimism. and compassion. They have challenged me to populate up to their criterion. which in return has played a immense function in the footing of my character. The nazarene one time quoted. â€Å"It is more blest to given than to receive† ( Acts 20:35 ) . With this poetry in head. a individual can turn to see the importance of giving and. in return. having the satisfaction of impacting a person’s life. As an eight twelvemonth old. I was one of five misss to raise $ 10. 000 for the Masonic Home for Children in Henderson. North Carolina. This astonishing experience left me passionate about assisting others at an early age after seeing the impact that I had left on the lives of those kids after we delivered the cheque. As I have visited legion nursing places and kids infirmaries throughout my life-time and straight met victims of the current Darfur race murder. I have learned the impact that an person can go forth on another individual necessitating support. With Wake Forest constructing their foundation upon a Baptist. Christian doctrine. my desire to make out and assist those in demand along with representing Christian character shows my willingness to go on to construct upon the Wake Forest Community. Due greatly to my educational growing and spiritual background. I have developed many features that will greatly profit me throughout my life. After being selected as the Student Body President. I have had the privilege to take Student Council and the Student Body in all of our enterprises. I have learned so many of import qualities such as the importance of teamwork. dependability. dedication. and the ability to actuate a group of persons throughout the leading roles that I have held oover my high school calling. My leading adviser has inspired me to turn as a individual and spread out my leading qualities into going the most successful leader that I can go. Over the last three old ages. I have become closer and closer to one of my end: Endeavoring to obtain success through maintaining a positive attitude and taking a life of solid moral character. With each of the nines and activities that I have been active in. I have learned duty and committedness is the cardinal to triumph. After my 2nd twenty-four hours of AP English. I was asked to declaim a address refering the subject â€Å"Who I am. Who I am not† . I was really nervous and exhausted much clip fixing for what turned out to be an inspirational address of what I strive to achieve each and every twenty-four hours. After finishing the address. my English instructor asked me to give this address to her Varsity Volleyball squad. I was so esteemed and dying. and before their large game I recited the address to them. This meant an huge trade to me. and I was really thankful to make my best to animate this astonishing squad. Through my English teacher’s encouragement. and my Leadership advisor’s inspiration. I have become a more relaxed and comfy public talker along with constructing a strong leading character to follow with me throughout my life. I am a individual who strives to construct upon my leading qualities for the improvement of myself along with maintaining an unfastened head to all thoughts of persons as I build on my values and features. Wake Forest University seeks to â€Å"wed cognition with experience† merely as a leader must make each and every twenty-four hours. â€Å"Two roads diverged in the wood and I took the 1 less traveled by. and that has made all of the difference. † Throughout an individual’s life they encounter many waies and determinations that define them as a individual. They must sometimes take the best way for their life in fixing for their future aspirations. As a individual of high motive. I ever choose to dispute myself with high ends and new challenges. Sadly. in today’s modern universe it seems that the route less travelled is the right route ; the route where. alternatively of walking entirely through life ne'er taking notice of others. a individual stops along the manner to make out a manus to assist those who are left by the roadside. This is the way which I have chosen to take for myself. I use all of my life experiences to construct upon my life and accomplish all ends that I strive to carry through. I believe that with a diverse instruction. strong spiritual background. and character inspiration to going a great leader. I will greatly lend to the Wake Forest community. Nathan O’Hatch’s congratulations to the beautiful campus and community of Wake Forest illustrates the purpose of go oning to construct upon one of the greatest universities in the state. I strive to be a alone person with high ends to go forth an impact on the universe. I am ready to run into the challenge of go oning to spread out Wake Forest University through instruction and experience.

Free Essays on Impacts Of Information Technology On Society

Information Technology has become more and more popular in the last 10 years. Information technology is surrounding us everywhere in our daily lives, from telephone networks, product scanner, and computers of all kind. They are permitting us to reshape our lives, jobs, businesses, and entire societies. Even global political and economic affairs are subject to the influence of information technologies (Kenneth C. Laudon, Carol G. Traver, Jane P. Laudon, 1994). Information technology is an integration of computing technology and information processing (Long, L they don ¡Ã‚ ¦t need to be at work in the office, as long as they have a computer or a PDA. People can now access information more efficiently. The recent history of information technology has traditionally been broken down into four or five distinct stages, each marked by the technology used to create the main logic element used in computers during the period. The first generation of computers used vacuum tubes as their main logic element. Although vacuum tubes represented a great ad... Free Essays on Impacts Of Information Technology On Society Free Essays on Impacts Of Information Technology On Society Information Technology has become more and more popular in the last 10 years. Information technology is surrounding us everywhere in our daily lives, from telephone networks, product scanner, and computers of all kind. They are permitting us to reshape our lives, jobs, businesses, and entire societies. Even global political and economic affairs are subject to the influence of information technologies (Kenneth C. Laudon, Carol G. Traver, Jane P. Laudon, 1994). Information technology is an integration of computing technology and information processing (Long, L they don ¡Ã‚ ¦t need to be at work in the office, as long as they have a computer or a PDA. People can now access information more efficiently. The recent history of information technology has traditionally been broken down into four or five distinct stages, each marked by the technology used to create the main logic element used in computers during the period. The first generation of computers used vacuum tubes as their main logic element. Although vacuum tubes represented a great ad...

The Skeletal System essays

The Skeletal System essays This report is supplying knowledge of the skeletal system by describing the main factors involved in the subject. The report contains the structure and function of the skeletal system, which describes how the skeleton is organised, bone classification and the skeletons functions relating to the body systems as a whole; the gross and microstructure of bone, which describes the composition of bone; the process of ossification, which involves bone growth and formation; and factors which influence bone health such as bone infection, diseases and fractures. Microstructure of Bone Tissue 6 Factors which Influence Bone Health 9 The skeletal system is made up of mostly bone but also tendons, ligaments and cartilage, which are arranged into a solid, rigid, structure that supports and protects our body (see diagram 1). Bones develop during a lifetime, causing growth and change in appearance. The skeleton is necessary for survival as we would not be able to function or live without it. This report is intended to extend the basic knowledge of the skeletal system and inspire continued learning in the subject and its relating body systems. The skeleton is made up of two parts, the axial skeleton and the appendicular skeleton (see diagram 2). The axial skeleton includes the skull, the vertebral column and the thoracic cage. The appendicular skeleton includes the bones of the upper extremities, the lower extremities, the shoulder girdle and the pelvic girdle. There are five main types of bone long, short, flat, irregular and sesamoid. Long bones are bones that are longer than they are wide. Long bones include the humerus, femur etc. Short bones are usually small and roughly cube shaped with vertical and horizontal dimensions approximately equal(Applegate, 1995). Short bones include the phalanges, metacarpals etc. Flat bones are flattened, thin and usually curved. They make up most of the skull, the ribs e...

Application of Auditing Theory and Practice

Auditing is part of organizational management, it is explained as the process of examining the financial reports of a business enterprise as presented in the business annual reports, an independent person or an organization performs the audit process. The progression and development of organizational performance is accomplished by conducting audit and understanding the auditing theory and related practices  (Arens, et al., 2012). Auditing is also outlined as the systemic and unbiased examination of organizations books of accounts, statutory information, documents and vouchers of an organization to visualize how some distance the economic statements further to non-economic disclosures present genuine and fair view of the business enterprise  (Eilifsen, et al., 2013). Auditing and compliance practices try ensure that the organizational financial books are effectively maintained as required by the international auditing standard board, and if they are maintained under the regulation provided by the existing laws. Auditing independence is outlined as the independence of the external and internal auditor from other parties and individuals who may have economic and financial interest in the business enterprise that is being audited. According to Arens, Elder, & Mark 2012, the auditors indepence requires integrity and essential audit measure to the auditing procedures. The study reveals that, some factors may affect the integrity and auditing measures and process of an auditor  (Arens, et al., 2012). On the other hand, the auditors integrity is also affected by the business risk, these risk influence the decisional making process of auditors and top organizational management. However, auditing practices compel the auditor to put into actions and measures which might be crucial even as performing the practices. Auditing planning is the strategic management degree for auditing, it carried out at the beginning of the audit process this is to make sure that the correct attention is fermented to important areas, to sure that the capacity issues are promptly identified and viable solutions are generated to lessen the impact  (Elder, et al., 2011). The main purpose of encouraging the audit planning is to ensure that all the audit work are fully finished and coordinated. Clarke & Johnson (CJI) is an audit company this is identified for proving the first-rate services in the audit business enterprise; Luxury Travel Holidays LTD (LTH) is commercial enterprise that provides travel service. Both corporations have taken into consideration the importance of market segmentation and diversifying their enterprise operation far from their nearby market. Clarke & Johnson (CJI) Company is re-engaged by Luxury Travel Holidays LTD (LTH) to offer audit services before submitting their 30 June 2015 financial report to the stakeholders. The factors affecting the integrity and auditing approach used by the auditors could affect decision-making process  (Gay & Simnett, 2000). Qualified and non-qualified audit opinion is the relevant concepts that are used to draft the audit report. This is a primary factor affecting the independence and the decisions to be reached by an auditor.   The size if the audit firm implies the size of the business enterprise to be audited and the particular auditing firm. According to this case study, Clarke & Johnson (CJI) Company is an audit firm that has been providing audit services to small market the company is also to provide its services to Luxury Travel Holidays LTD (LTH) that performs its business activities in Asia, Europe and U.S market. The larger the audit firm the lesser the impact of impairments, the smaller the audit company there will be more factors that will affect the independence of the audit company  (Eilifsen, et al., 2001). This is amongst the dangerous threats which might the independence of the audit company. The advising threat implies that, some stakeholders may have the economic and financial interest in the company to be audited. According to the case study, Clarke & Johnson (CJI) Company and Luxury Travel Holidays LTD (LTH) have been collaborating for years this could build some interest between themselves  (Jackson, 2016). Therefore, the auditor is compelled to present audit opinion that favors the stakeholder who has economic and commercial interest. The threats regarding the referrals from the customer impacts the independence of an auditor. Clarke & Johnson (CJI) Company is an audit firm that has been offering audit services to Luxury Travel Holidays LTD (LTH); Luxury Travel Holidays LTD (LTH) may make many referrals to the auditor, and thus affecting the audit process and of the Clarke & Johnson (CJI) Company. The organizational control has an excessive impact on the audit opinion to be made with the aid of the usage of the auditor, the organizational pinnacle ought to affect this critiques in view that they may pressure the auditor to utilize the referrals made. Luxury Travel Holidays LTD (LTH) and Clarke & Johnson (CJI) Company had been participating for more than one years. Luxury Travel Holidays LTD (LTH) may want to refer the accounting department to make adjustments to company book of accounts, those changes and adjustment made are ought to affect the findings of the auditor and thus the audit independence is automatically affected. The success of every operating business organization is determined by the extent and how the company is involved in the audit practices. The independence of the auditors should not be influence since they impose some negative effects to the findings that are used as the basis of the audit opinion which is the primary element of audit report. The size of the firm is categories to be the threat that affects the auditor independence, the organizational management of Luxury Travel Holidays LTD (LTH) should consider the size of the firm that will perform the audit practices. Consequently, Clarke & Johnson (CJI) Company should ensure that they create and implement policies that will limit threats affecting their independence. Advising threats is a fatal component that influences the independence of an auditor. The relevant audit opinion to be utilized by an auditor ought to be based totally on the instantaneous findings. The auditors are advocated not to provide any economic or financial cautioned to their clients because their findings after the recommendation will have an impact on the audit opinion  (Knechel & Salterio, 2016). Multiple referrals could also affect the auditor's opinion. According to the case study both business enterprises have been in business for a number of years, Luxury Travel Holidays LTD (LTH) could make referrals to the finance department to make the adjustment to some vouchers and documents, this is to present the interest of some management individuals. Clients are advised not to make any referrals to any departments, the exact finding of the auditor portrays that the organization needs to implement on some applicable measures. According to Gay, & Simnett, 2000, audit planning is strategic control measure for auditing, it conducted at the beginning of the audit procedure this is to make sure that the right interest is fermented to essential organizational areas. This is to ascertain that the potential problems are promptly recognized and viable solution are generated to reduce their impact, to make sure that all auditing work is completed and coordinated. While developing and creating the audit practices, there are some elements that may affect the auditing procedures  (Lyon & Maher, 2005). Clarke & Johnson Company and Luxury Travel Holidays LTD (LTH) are now taken into consideration to function in new markets. New markets are bounded and guided by means of commercial laws and regulations which are surpassed through the federal governments  (Knechel & Salterio, 2016). Consequently, the organizations that operate outside their nearby market are affected by the legal processes that are used to regulate the business enterprises when it comes to their commercial activities. U.S Common Laws are the examples of the commercial law that are used to guide organization business activities U.S and European market  (Johnstone, 2000). Economic threat is the primary external environmental factor that impacts the operations business corporation in international markets. They incorporate elements such as GDP and unique country financial improvement quotes. Some markets are affected by down-tuning economic developments, currencies also affect the activities of a business organization. For instance, U.S currency is a globally accepted currency, it is used in the international market for the exchange of goods and services  (Sadgrove, 2016). According to Jackson 2016, the declining in product demand is a marketing factor originating aftermarket segmentation and diversification. Operating in an expanded marketplace place create a room for more corporations to create products and services which resemble the ones produced by using the existing organizations  (Jackson, 2016). Companies operating in the broader market are advocated to ensure that they produce quality products and services that meet the competitive market they operate in. According to Johnstone 2000, financial dangers chance contains those monetary aspects that stand up because of lack of monetary management procedures and measures. The economic worldwide marketplace has experienced many issues that have affected the operation of commercial enterprise companies, mainly Crampton and Hasaad and Mining Supplies LTD (MSL) corporations  (Johnstone, 2000). The research conducted by Knechel 2007 concluded that the financial contributes to the economic failures of a company that operates internationally  (Knechel & Salterio, 2016). Inherent audit risk is the risk that involves the material misstatement in the financial statement of an institution arising due to errors and omission (Kachelmeier, et al., 2014)made as a result of failing to implement on specific controls and measures. The impact of inherent audit to a business organization are felt when the companies operating in specific market fails to implement on the existing financial measures and controls  (Ricchiute, 2001). These risks are perceived to be generated when the business organization failed to make application estimation while making complex transactions. The control risk comprises the threats originating from the fabric misstatement existing within financial reporting of the company, this fabric misstatement is experience due to failure to work under the financial policies and measure of the organization  (Bell, et al., 2001). Crampto and Hasaad and Mining Supplies LTD (MSL) are advocated to have the applicable financial internal control measure, this measure is relevant in preventing and reducing frauds originating from the internal business transactions  (William Jr, et al., 2016). According to Bell, Landsman, & Shackelford 200, the detection risk is that risk that arises when the external auditor fails to come over the cloth misstatement in the financial information of the company, vouchers, assets and other relevant documents  (Bell, et al., 2001). While implementing the audit planning, the auditor is encouraged to focus on the relevant financial and documents of the company and provide the solution to the financial misstatement. The business organizations are advocated to make use of the audit measures that will reduce the fabric misstatements in the financial statements and asset documents of an enterprise that ought to be audited. Eilifsen, Knechel, & Wallage 2001, concluded that, while mitigating the dectecion risks, the audit company is recommended to increase and take the variety of sample transactions  (Eilifsen, et al., 2001). In conclusion, auditing is explained as part of the managing a business organization, it is the independent examination of the company financial reports, this is to assure that the financial information of the business organization shows true and fair view of the company. The audit opinion is a relevant element of audit report as presented by the external auditor. Some aspects affect the independence of an external auditor, these aspects comprise multiple referrals, size of the firm and advising threat. Business risk is defined as the primary factors that affect the business organization, especially those which are operating in the international market. Legal risk, financial risks, economic risks and declining in the product demand are the examples of the business risk addressed in the paper. Inherent risk, detection risk, and control risk are the examples of audit risk affecting the auditor practices. Arens, A. A., Elder, R. J. & Mark, B., 2012. Auditing and assurance services: an integrated approach:. Boston: Prentice Hall.. Bell, T. B., Landsman, W. R. & Shackelford, D. A., 2001. Auditors' perceived business risk and audit fees: Analysis and evidence.. Journal of Accounting research,, 39(1), pp. 35-43. Eilifsen, A., Messier, W. F., Glover, S. M. & Praw, 2013. Auditing and assurance services.. s.l.:McGraw-Hill.. Eilifsen, A., Knechel, W. R. & Wallage, P., 2001. Application of the business risk audit model: A field study. Accounting Horizons. s.l.:s.n. Elder, R. J., Beasley, M. S. & Arens, A., 2011. Auditing and Assurance services. s.l.:Pearson Higher Ed.. Gay, G. E. & Simnett, R., 2000. Auditing and assurance services in Australia.. Sydney: Mcgraw-hill. Jackson, R. A., 2016. Business at risk: keynote speakers for this year's IIA International Conference identify emerging risks facing organizations. Internal Auditor,. In: s.l.:s.n., pp. 40-46. Johnstone, K., 2000. Client-acceptance decisions: Simultaneous effects of client business risk, audit risk, auditor business risk, and risk adaptation. Auditing:. A Journal of Practice & Theory, 19(1), pp. 1-25.. Kachelmeier, S. J., Majors, T. & Williamson, M. G., 2014. Does Intent Modify Risk-Based Auditing?. The Accounting Review. s.l.:s.n. Knechel, W., 2007. The business risk audit: Origins, obstacles and opportunities.. In: s.l.:s.n., pp. 383-408. Knechel, W. R. & Salterio, S. E., 2016. Auditing: assurance and risk. s.l.:Routledge. Lyon, J. D. & Maher, M. W., 2005. The importance of business risk in setting audit fees: Evidence from cases of client misconduct.. Journal of Accounting Research, 43(1), pp. 133-151. Messier, w. f., 2014. An approach to learning risk-based auditing.. Journal of Accounting Education, 32(3), pp. 276-287. Ricchiute, D. N., 2001. Auditing and assurance services.. s.l.:South Western Educational Publishing.. Sadgrove, K., 2016. The complete guide to business risk management.. s.l.:Routledge. William Jr, M., Glover, S. & Prawitt, D., 2016. Auditing and assurance services: A systematic approach.. s.l.:McGraw-Hill Education.

Compare & Contrast Essay Example | Topics and Well Written Essays - 1000 words - 3

Compare & Contrast - Essay Example The former believes in one God, reflecting the monotheistic nature of Christianity while the latter pictures the polytheistic nature of the Mesopotamian religion. The Epic of Gilgamesh is a portrayal of the belief in many gods who have been actively participating in the life of one of the human characters who later was made a god, Utanapishtim. It mentions a similar experience of the main character, Gilgamesh where the gods did their part in making the tasks given, more difficult for him and making him unsuccessful in his attempt to attain the same success of Utanapishtim in becoming a god. Malthus’ essay on the other hand spoke about one God who also actively participates in what human beings do however, in contrast to Utanapishtim’s unhelping manner to Gilgamesh in his endeavors, the God the essayist speaks of is a helping God. Coming from human existence, the god Utanapishtim seemed to have humane characteristics remaining in him because he acted deceitfully towards Gilgamesh by giving task he was sure would not be attained by the man. The God of Malthus on the other hand extends help to men in their trials. The essay stands in defense to the essayist’s belief that there is a God who is after the good of men and not their destruction even though he is able to control the circumstances in a person’s life. The hardships God allows in the lives of people, he says, are meant to process him to becoming a better person and not for him to be consumed by his murmurings and complaints as he faces life’s trials. Conversely, Utanapishtim seemed to be a selfish god who looked forward to how he could use man for his benefit, as he sent Gilgamesh to the bottom of the sea to take hold of the boxthorn-like plant which could make him regain his youth, meaning to steal the plant from him in the future. This places a dividing lie between the gods presented in the literary pieces being examined in this paper. In the epic, Gilgamesh

Discuss the representations of Queen Elizabeth I in contemporary Essay

Discuss the representations of Queen Elizabeth I in contemporary literary works and art - Essay Example She had come to the throne following the death of her half-sister Mary in 1588. It can be seen on the Art Web site Steven van der Meulen. It was possibly painted as part of Elizabeth’s quest for a husband as it was common to send such pictures to possible suitors. Earlier there had been the beautiful coronation portrait by an unknown artist, now in the National Portrait Gallery, in which she holds firmly the symbols of her power – the orb and sceptre. There are many more portraits of the Queen further on in her reign. Two portraits of 1565, linked to the web page Portrait of Elizabeth I, show her as almost masculine, perhaps because it was necessary to emphasize that this young woman was as capable as a male monarch. John Bettes the Younger painted a stern picture in the1580s. The queen’s gown, as in many other portraits, is covered with symbolic meaning – Tudor roses. In her hand she holds a staff with the fleur de lys at the top – symbol of the connection with France. In the Rainbow portrait by Isaac Oliver, now to be seen at Hatfield House, she is posing as Astraea, a virginal heroine. Her gown is richly embroidered with English wild flowers. Her pearls are a symbol of virginity and the crown symbolizes her royal status. The crescent above her crown is symbolic of the goddess of the moon. On her left arm is a snake, symbolizing wisdom and in its mouth a ruby, which represents the queen’s heart – the queen’s wisdom holds her emotions in check. The celestial sphere again is a symbol of wisdom and shows again that the Queen is in control of nature. All these works can be seen on the web pages ‘Portrait of Elizabeth I’. These are only a sample of many visual depictions. One of the most famous literary references to Elizabeth is in Spenser’s ‘Faerie Queen’ where she, as well as being in several allegorical roles, appears as the queen of the fairies. Fairies in Elizabethan times were not thought of

Ethic Movie Review Example | Topics and Well Written Essays - 500 words

Ethic - Movie Review Example From the film, the bankers acted in a questionable manner because of how they sold the mortgages. A lot of people with experience in the financial companies were interviewed such as top executives such as Raghuram Rajan, Dominique Strauss-Khan and Glenn Hubbard (Ferguson). The bankers provided the consumers with credit despite knowing that some consumers had low credit scores. 20 or 30 years ago, banks would tell consumers who could not afford to buy mortgages that they would not get loans. However, in the film it is clear that such kind of advice is not taken cautiously because the bankers allowed the consumers to buy houses that they could not afford. In another scene, viewers can see that the people who could not afford the mortgages were now living in tents and jobless. The actions of the federal regulators, economic academics and politicians were well captured showing that they did not do anything that would help in regulating the finances. In one of the scenes, one of the interviewee indicates that there was a continued deregulation of finances and â€Å"they knew what was happening† (Ferguson). In addition, most of the people in these groups are noted in some scenes to be paid excessively. For example, in one of the scenes, when the narrator Matt Damon asks what he thought of wall-street incomes, the interviewee said it as an excessive amount. There were those who earned as much as $485 million and 80 million (Ferguson). All the parties mentioned above relied on the moral philosophy of ethical relativism to justify their actions. In ethical relativism a person holds the view that there is no moral right or a moral wrong. Therefore, the person believes that he or she should act in their own interest. In this light, it is not difficult to see why the employees and employers in the wall-street financial companies decided to self-regulate themselves.

Michael Jackson Essay Example | Topics and Well Written Essays - 1000 words - 2

Michael Jackson - Essay Example The last section forms concluding response to this problem. The method used is particularized examination of the literature together with the critical summarizing and personal inferences on the topic. Michael Joseph Jackson was also known as a King of Pop or the Icon of the Pop Music. This was considered to be an outstanding personality in the dimension of music in general and pop in particular. Strange stories together with personal and materialistic difficulties always occurred in his way. What was more, health problems with a constant pain remained to be a part of his life. A huge amount of hurdles chased him during his life; still, people always expressed admire and appreciation to Michael. He was a favourite for millions of people and idol for the entire world. Michael Jackson was born on August 29, 1958 in the common family of American workers (Borsboom, 2011, p.7). He was a black boy and a sevenths child in the family with strong rules and regulations. He always liked to perform since the early ages and tried to do it if some opportunities took place (Borsboom, 2011, p.11). At the age of 5 he started to perform at â€Å"a Christmas recital† in front of his classmates (Borsboom, 2011, p.11). This was a first try in his career as a singer and dancer. In 1964 Michael together with his brother Marlon joined the Jackson Brothers, and in a few years he started singing lead with his brother Jermaine in this band (Borsboom, 2011, p.11). His first serious performance on the professional scene was realized in 1968 when Michael appeared as a member of band that was called The Jackson 5 (Borsboom, 2011, p.11). That was an important step in his career as a vocalist and pop-singer, as it gave him the first serious experience and first essential lessons. It should be admitted that The Jackson 5 experienced a great fame in teenage people what was remained to be unusual in for African-American band (Borsboom, 2011, p.11). With

History Why did the Johnson Administration lead America to become so Essay

History Why did the Johnson Administration lead America to become so deeply involved in the Vietnam War after 1963 - Essay Example The conflict, of course, began when the French decided to release their colonial claims to Vietnam. The French army was driven from Vietnam in 1954, resulting in the Geneva Peace Accords. This created a temporary partition of Vietnam at the seventeenth parallel, until 1956, when nationwide elections would be held. While the Communist powers in the Soviet Union and China did want the entire nation of Vietnam to become Communist, they predicted that the 1956 election would accomplish their aims without bringing the United States into the conflict (The Wars for Vietnam: 1945 to 1975). Rather than initiate another conflict similar to Korea, the American government began a concerted effort to win the political minds of those living to the south of the Communist zone. A major part of this effort was the creation of SEATO (Southeast Asia Treaty Organization). Initially, the American efforts were successful: the 1956 elections brought Ngo Dinh Diem, a firm opponent of Communism, to power in South Vietnam. However, Diem claimed that the North Vietnamese were preparing to take the southern half of Vietnam by force, and the Americans began aiding his military maneuvers against the northern half in 1957. Diem used a variety of brutal internal measures in South Vietnam to quell the Communist insurgency, including Law 10/59, which permitted authorities to hold anyone who was suspected of being a Communist indefinitely, without bringing charges. Over time, Diem became increasingly autocratic, which made him an increasingly difficult leader for the United States to support. I n response, the Communist insurgency began to increase the amount of violence in its protests (The Wars for Vietnam: 1945 to 1975). The National Liberation Front was the official organization for those in South Vietnam who wanted to overthrow Diem's government. Created on December 20, 1960, the NLF had only one requirement for membership: applicants had to be opposed to Diem's rule. While the American government scorned the NLF as a mere puppet of the North Vietnamese Communist government, giving it the slur "Viet Cong," there are many who were inside and outside the NLF who claimed that the majority of its members were not Communists - thus showing how unpopular Diem had actually become. President Kennedy's policy toward Diem was neither full assistance nor full rejection: the United States supplied advisers and equipment to the South Vietnamese government, but did not commit a large-scale complement of troops to assist Diem's military in its conflict against the NLF (The Wars for Vietnam: 1945 to 1975). This level of assistance was not sufficient to keep the South Vietnamese government stable. After Diem's brother led raids on the Buddhist pagodas throughout the country, claiming that the priests were harboring Communists, there were protests throughout the country, including one in Saigon where a Buddhist priest set himself on fire. The Americans gave some of Diem's generals support for a coup, and so on November 1, 1963, Diem and his brother were captured and later killed. On November 22, however, President Kennedy was assassinated, bringing Vice President Lyndon Johnson into the role of Chief Executive

Ethic Movie Review Example | Topics and Well Written Essays - 500 words

Ethic - Movie Review Example From the film, the bankers acted in a questionable manner because of how they sold the mortgages. A lot of people with experience in the financial companies were interviewed such as top executives such as Raghuram Rajan, Dominique Strauss-Khan and Glenn Hubbard (Ferguson). The bankers provided the consumers with credit despite knowing that some consumers had low credit scores. 20 or 30 years ago, banks would tell consumers who could not afford to buy mortgages that they would not get loans. However, in the film it is clear that such kind of advice is not taken cautiously because the bankers allowed the consumers to buy houses that they could not afford. In another scene, viewers can see that the people who could not afford the mortgages were now living in tents and jobless. The actions of the federal regulators, economic academics and politicians were well captured showing that they did not do anything that would help in regulating the finances. In one of the scenes, one of the interviewee indicates that there was a continued deregulation of finances and â€Å"they knew what was happening† (Ferguson). In addition, most of the people in these groups are noted in some scenes to be paid excessively. For example, in one of the scenes, when the narrator Matt Damon asks what he thought of wall-street incomes, the interviewee said it as an excessive amount. There were those who earned as much as $485 million and 80 million (Ferguson). All the parties mentioned above relied on the moral philosophy of ethical relativism to justify their actions. In ethical relativism a person holds the view that there is no moral right or a moral wrong. Therefore, the person believes that he or she should act in their own interest. In this light, it is not difficult to see why the employees and employers in the wall-street financial companies decided to self-regulate themselves.

History Why did the Johnson Administration lead America to become so Essay

History Why did the Johnson Administration lead America to become so deeply involved in the Vietnam War after 1963 - Essay Example The conflict, of course, began when the French decided to release their colonial claims to Vietnam. The French army was driven from Vietnam in 1954, resulting in the Geneva Peace Accords. This created a temporary partition of Vietnam at the seventeenth parallel, until 1956, when nationwide elections would be held. While the Communist powers in the Soviet Union and China did want the entire nation of Vietnam to become Communist, they predicted that the 1956 election would accomplish their aims without bringing the United States into the conflict (The Wars for Vietnam: 1945 to 1975). Rather than initiate another conflict similar to Korea, the American government began a concerted effort to win the political minds of those living to the south of the Communist zone. A major part of this effort was the creation of SEATO (Southeast Asia Treaty Organization). Initially, the American efforts were successful: the 1956 elections brought Ngo Dinh Diem, a firm opponent of Communism, to power in South Vietnam. However, Diem claimed that the North Vietnamese were preparing to take the southern half of Vietnam by force, and the Americans began aiding his military maneuvers against the northern half in 1957. Diem used a variety of brutal internal measures in South Vietnam to quell the Communist insurgency, including Law 10/59, which permitted authorities to hold anyone who was suspected of being a Communist indefinitely, without bringing charges. Over time, Diem became increasingly autocratic, which made him an increasingly difficult leader for the United States to support. I n response, the Communist insurgency began to increase the amount of violence in its protests (The Wars for Vietnam: 1945 to 1975). The National Liberation Front was the official organization for those in South Vietnam who wanted to overthrow Diem's government. Created on December 20, 1960, the NLF had only one requirement for membership: applicants had to be opposed to Diem's rule. While the American government scorned the NLF as a mere puppet of the North Vietnamese Communist government, giving it the slur "Viet Cong," there are many who were inside and outside the NLF who claimed that the majority of its members were not Communists - thus showing how unpopular Diem had actually become. President Kennedy's policy toward Diem was neither full assistance nor full rejection: the United States supplied advisers and equipment to the South Vietnamese government, but did not commit a large-scale complement of troops to assist Diem's military in its conflict against the NLF (The Wars for Vietnam: 1945 to 1975). This level of assistance was not sufficient to keep the South Vietnamese government stable. After Diem's brother led raids on the Buddhist pagodas throughout the country, claiming that the priests were harboring Communists, there were protests throughout the country, including one in Saigon where a Buddhist priest set himself on fire. The Americans gave some of Diem's generals support for a coup, and so on November 1, 1963, Diem and his brother were captured and later killed. On November 22, however, President Kennedy was assassinated, bringing Vice President Lyndon Johnson into the role of Chief Executive

The First Chapter of Of Mice and Men in his Film Version of the Book Essay Example for Free

The First Chapter of Of Mice and Men in his Film Version of the Book Essay Gary Sinese presents the first chapter of Of Mice and Men quite differently in his film version, compared to the book because of several major changes he has made. The book was written in the 1930s and is about the events that happen involving two men, George and Lennie, going to work on a ranch. The film, however is a modern adaptation, made in the 1990s. Probably one of the most important changes made is that of the mood of the opening. In the book the opening is very descriptive with a very calm and tranquil feeling. This is shown by the following extract: The water is warm too, for it has slipped, twinkling over the yellow sands and on the sandy bank under the trees the leaves lie deep. There is also quite a slow pace in the book because there is over a page and a half of text describing the area and atmosphere before the characters are even introduced. In the film version the opening is quite different to the book. The mood is darker as the opening scene consists of George sitting in a dimly lit train with a beam of light focusing on his eyes. There is then a flashback, to a woman, crying, running through a field. The camera tracks her movement, focusing on her eyes, until she runs past it. This tells the audience that she is fleeing from something terrible because of the terror in her eyes. The scene then switches to George and Lennie being chased by a mob. This shows there is a faster pace to the film, as there is no descriptive setting of the same location. Also Sinese added the detail of George and Lennie being chased, because this is only briefly mentioned in the book, and not in great detail. He added this scene to create an opening with tension, which chases often create in film. The fast paced music included in the scene also creates tension, and the silence as George and Lennie hide with the mob a few feet away creates a feeling of suspense. This then makes the audience want to keep watching to discover why George and Lennie were being chased. Sinese also added scenes where George and Lennie collect their work passes and ride the bus so these events would not have to be explained using dialogue like in the book, as this might bore audiences. For example, in the book George says to Lennie: You remember about us goin into Murray and Readys, an they give us work cards and bus passes? If it were done this way in the film, George would also have to explain what happened on the bus ride and why they are now on the road, which would have been harder for the audience to understand. The costumes of George and Lennie stay loyal to the book. In the book their outfits are described as: Denim trousers and denim coats with brass buttons. Both wore black, shapeless hats and both carried tight blanket rolls. The costumes in the film stay true to this, especially with Lennie, who wears exactly the same outfit. George, however, has a slightly different jacket and hat. In the book George is described as: small and quick, dark of face, with restless eyes and sharp, strong features. Sinese decided to play George himself, but he does not have the sharp, strong, defined features that are described in the book. Lennie is described as: a huge man, shapeless of face, with large pale eyes, with wide, sloping shoulders. He is also compared to a bear on several separate occasions, one of these being: he walked heavily, dragging his feet a little, the way a bear drags his paws. John Malcovich, who plays lennie, does not have many of these features. Although he slouches and drags his feet, he does not have the large pale eyes or the build. Also he makes Lennie sound too simple. First impressions of the characters are shown quite similarly using the characters dialogue. It is more apparent that Lennie is more forgetful in the book but George seems more controlling in the film. This is shown when George discovers that Lennie has a dead mouse. In the film George forcefully takes it away from Lennie, while in the book George tries to reason with Lennie by calmly saying: come on, give it here, and Lennie obeys. After George takes the mouse away in the film, Lennie begins to cry. This show how strict George can be and how much like a child Lennie, which is not shown much in the book. The location in which the characters are first introduced is described as: a narrow pool with a path through the willows and sycamores The location they use in the film is true to the setting in the book, although the pool seems to be shown inn a different area to the road. Overall, the film is an average adaptation of the book with authentic locations and costumes and a dramatic, tension-filled opening, that grips the audience. But more time could have been spent on casting the main characters of George and Lennie and developing their dialogue and body language.

Economy Of The Kingdom Of Thailand

Economy Of The Kingdom Of Thailand Chapter 1: Introduction. The Kingdom of Thailand is an independent country that lies in the heart of Southeast Asia. Thailand is the worlds 50th largest country in terms of total area with a surface area of approximately 513,000 km2 (198,000 sq miters), and the 21st most-populous country, with approximately 64 million people. About 75% of the population is ethnically Thai, 14% is of Chinese origin, and 3% is ethnically Malay; the rest belong to minority groups including Mons, Khmers and various hill tribes. There are approximately 2.2 million legal and illegal migrants in Thailand. Thailand has also attracted a small number of expatriates from developed countries. The countrys official language is Thai. As for the Thai economy, it is export-dependent, with exports of goods and services equivalent to over 70% of GDP in 2008. Thailands recovery from the 1997-1998 Asian financial crises (which brought a double-digit drop in GDP) relied largely on external demand from the United States and other foreign markets. From 2001-2006, the administration of former Prime Minister Thaksin embraced a dual track economic policy that combined domestic stimulus programs with Thailands traditional promotion of open markets and foreign investment. Real GDP growth strengthened sharply from 2.2% in 2001 to 7.1% in 2003 and 6.3% in 2004. In 2005-2007, economic expansion moderated, averaging 4.5% to 5.0% real GDP growth, due to domestic political uncertainty, rising violence in Thailands four southernmost provinces, and repercussions from the devastating Indian Ocean tsunami of 2004. Thailands economy in 2007 relied heavily on resilient export growth (at a 17.3% annual rate), particularly in the automobile , petrochemicals, and electronics sectors. Persistent political uncertainty and the global financial crisis in 2008 weakened Thailands economic growth by reducing domestic and international demand for both its goods and services (including tourism). Due to minimum exposure to toxic assets, Thai banks have limited direct impact from the global financial crisis. Nonetheless, Thai economic growth slowed to 2.6% in 2008, with fourth quarter growth dropping below zero. In 2009, the contraction continued. First quarter GDP was down by 7.1% year-on-year. To offset weak external demand and to shore up confidence, the Abhisit administration introduced two stimulus packages worth $43.4 billion. The government projected that the Thai economy would be down 3.5% for the year but would see positive growth of 2.5% in 2010. Roughly 40% of Thailands labor force is employed in agriculture (data based on Bank of Thailand.) Rice is the countrys most important crop; Thailand is the largest exporter in the world rice market. Other agricultural commodities produced in significant amounts include fish and fishery products, tapioca, rubber, corn, and sugar. Exports of processed foods such as canned tuna, canned pineapples, and frozen shrimp are also significant. As for the old and familiar neighboring country of Thailand, China is the second largest export market and third-largest supplier after Japan. These two neighboring countries had never been encroached to each other; the very well relationship remained in peace and stable. Two developing countries are rising with the same pace, but also compete economically. China has one of the worlds oldest civilizations and has the oldest continuous civilization. It has archaeological evidence dating back over 5,000 years. China was the largest and most advanced civilization for much of recorded history and is viewed as the source of many major inventions. It has also one of the worlds oldest written language systems. Historically, Chinas cultural sphere has extended across East Asia as a whole, with Chinese religion, customs, and writing systems being adapted to varying degrees by neighbors such as Japan, Korea and Vietnam. The Peoples Republic of China has a land area of about 9.6 million sq km with approximately 1.5 billion population size, and is the third-largest country in the world, next only to Russia and Canada. Because of Chinas unstable situation in the 70s of last century, since then a lot of Chinese population was flowing to some other countries for a better shelter; and definitely Thailand was a very sweet one. At that time over 30,000 populations crossed the border of Thailand. They are now part of 14% of Chinese origin. At the beginning of 80s, the reform and open-up policy were implemented. Since then, a huge amount of cheap Chinese products were exported to oversea countries. Nowadays, therere still over half of the daily products were made in China. Not only the products were exported, but also labor migrants have left China and settled throughout Southeast Asia, seeking better opportunities in difficult times and creating burgeoning and long-standing communities. Now, China is one of the largest producers and consumers of agricultural products. Over 40% of Chinas labor force is engaged in agriculture, even though only 10% of the land is suitable for cultivation and agriculture contributes only 13% of Chinas GDP. Chinas cropland area is only 75% of the U.S. total, but China still produces about 30% more crops and livestock than the United States because of intensive cultivation, China is among the worlds largest producers of rice, corn, wheat, soybeans, vegetables, tea, and pork. Major non-food crops include cotton, other fibers, and oilseeds. China hopes to further increase agricultural production through improved plant stocks, fertilizers, and technology. Incomes for Chinese farmers are stagnating, leading to an increasing wealth gap between the cities and countryside. Government policies that continue to emphasize grain self-sufficiency and the fact that farmers do not ownand cannot buy or sellthe land they work have contributed to this sit uation. In addition, inadequate port facilities and lack of warehousing and cold storage facilities impede both domestic and international agricultural trade. China is now one of the most important markets for U.S. exports: in 2008, U.S. exports to China totaled $71.5 billion, a 9.5% increase of $16.2 billion from 2007. U.S. agricultural exports have increased dramatically, totaling $12.2 billion in 2009 and thus making China our fourth-largest agricultural export market. Leading categories include: soybeans ($7.3 billion), cotton ($1.6 billion), and hides and skins ($859 million). Export growth continues to be a major driver of Chinas rapid economic growth. Here comes our conflict: As the neighbor of supper sized China, Thailand faced double challenge. First of all, by import cheap but quality Chinese products the lessened GPD is shown and China is recently steadily replacing Thailands first place on exporting rice. Secondly more and more skilled Chinese labor forces are into Thailand, the local unemployment is facing the challenge. What is going to be the aftermath and what we can do about these becomes the very serious problem for Thailand. Chapter 2: Situation of the problem. As we know, Thailand is a very popular country, not only by tourism but also by the minds. Thai people are very conscientious and friendly, may that be the reason why so many western populations would like to move to Thailand for the rest of their lives. Under the capitalism system, Thailand has a GDP worth 8.5 trillion Baht (on a purchasing power parity (PPP) basis), or USD 627 billion (PPP). This classifies Thailand as the 2nd largest economy in Southeast Asia after Indonesia. Despite this, Thailand ranks midway in the wealth spread in Southeast Asia as it is the 4th richest nation according to GDP per capita, after Singapore, Brunei and Malaysia. Most of Thailands labor force is working in agriculture. However, the relative contribution of agriculture to GDP has declined while exports of goods and services have increased. Tourism revenues are on the rise. With the instability surrounding the recent coup and the military rule, however, the GDP growth of Thailand has settled at arou nd 4-5% from previous highs of 5-7% under the previous civilian administration, as investor and consumer confidence has been degraded somewhat due to political uncertainty. Chinese economic history is quite fancy and interesting. This strong nation had gone through a lot. Even for the modern Chinese economy is still a long story to tell. The economic history of modern China began with the fall of the Qing Dynasty in 1911. Following the Qing, China underwent a period of instability and disrupted economic activity. Under the Nanjing decade (1927-1937), China advanced several industries, in particular those related to the military, in an effort to catch up with the west and prepare for war with Japan. The Second Sino-Japanese War (1937-1945) and the following Chinese civil war caused the collapse of the Republic of China and formation of the Peoples Republic of China. The new ruler of China, Mao Zedong, initially promised to develop a socialist alliance with Petit Bourgeois, workers, and nationalist Bourgeois, but enacted collectivization upon consolidation of this regime. Collectivization resulted in the success of the first five-year plan, but Maos second five-year plan, which included the Great Leap forward, did not meet with the same success. A new party faction who supported private plots eventually challenged Maos economic policy. Unwilling to give up power, Mao launched the Cultural Revolution, which led to the collapse of the Chinese economy. Following Maos death, one of the most senior officials who had advocated private plots in the early 1960s, Deng Xiaoping initiated gradual market reforms that abolished the communes and collectivized industries of Mao, replacing them with the free-market system. Dengs reforms vastly improved the standard of living of the Chinese people, the competitiveness of the Chinese economy, and caused China to become one of the fastest growing and most important economies in the world. It also led to one of the most rapid industrializations in world history. For this achievement he is sometimes known as The Venerated Deng. As a result of Dengs reforms, China is widely regarded as a returning superpower. 1992 Deng Xiaopings Southern Tour at the beginning of the year massively boosted foreign direct investment inflows into coastal areas and started a wave of government investment in Shanghai. Record trade and GDP growth and inflation followed. 1993 Zhu Rongji appointed to rein in the overheating economy, this time more selectively than in 1989-91. Growth rates subsided gradually in subsequent years, producing a so-called soft landing. During the 1990s, living standards continued to rise, as evidenced by the proliferation of consumer durables, especially among the urban population. Continuing FDI inflows helped boost foreign exchange reserves to record heights in the late 1990s. Especially after the publication of the 1998 GDP figures, economists, both in China and abroad, have raised serious doubts about the quality of Chinas national accounts, which appeared in the late 1990s to overstate economic growth and are now suspected of understating growth. This may be because the statistical system tends to overestimate output at the trough of the cycle and underestimate output at the peak. However, the countrys first production census discovered at the end of 2005 that GDP has recently been grossly underestimated as a result of a failure to take into account the rapid growth of the services sector. As a result, growth rates for 2003-2005 are now recorded at around 10% per year in real terms. Despite efforts to cool the overheating economy, the officially recorded GDP growth rate was 11.4% in 2007. In 2008 the global economic crisis began to reduce Chinas growth rate. In the face of forecasts that this might drop below the rate at which school leavers can be absorbed by the growing economy (7%-8%) the government decided to pump RMB 4 trillion into the economy in the form of an economic stimulus package consisting largely of investment in fixed infrastructure and human capital. In 2009 Chinas GDP growth rate, though lower than the double-digit average of recent years, has held up well, rising from 6.1% year-on-year in the first quarter to 7.7% in the first three quarters of the year. This means that year-on-year GDP growth was around 9% in the second quarter. A similar rate of growth (9%) is expected in the final quarter, ensuring a rate of over 8% for 2009 as a whole. In Chinese GDP, more than 40% are expected from the export of products; there are over 50% daily products all over the world are MADE IN CHINA. The reason why Chinese products are so competitive is because they are very cheap and quality. How come the Chinese products are so cheap? Compare with the GDP chinas API (annual premium income) is very low, because 1/5 worlds population is in China, and this is also the reason why the Chinese products are so cheap; labor force are paid only a little bit of money. In the contrast, Thailand may not have an impressive GDP, but the API is much higher than China. In the structure of Thailands GDP over 70% are exporting, but its not only products also services; which means tourism is still the major income for Thailand. However the amount of products exporting in Thailand is steadily deteriorated. Former merit of Thai export; Rubber and Rice is now slowly losing its first place. As for human resource exporting; in China therere more than two million graduates will be unemployed every year. Most of them are staying home and doing job hunting, some may find-out a better way by crossing the border to oversea countries. These graduates are fully skilled and they are eager for job, so they may take some unwanted jobs in oversea countries. Nonetheless, potentially they are increasing the unemployment rate in Thailand as well. Chapter 3: Thailand Economical Crises. Thailand is a member of AFTA (ASEAN Free Trade Area), which is purpose of Increase ASEANs competitive edge as a production base in the world market through the elimination, within ASEAN, of tariffs and non-tariff barriers. Unlike the EU, AFTA does not apply a common external tariff on imported goods. Each ASEAN member may impose tariffs on goods entering from outside ASEAN based on its national schedules. However, for goods originating within ASEAN, ASEAN members are to apply a tariff rate of 0 to 5 percent (the more recent members of Cambodia, Laos, Myanmar and Vietnam, aka. CMLV countries, were given additional time to implement the reduced tariff rates). This is known as the Common Effective Preferential Tariff (CEPT) scheme. ASEAN members have the option of excluding products from the CEPT in three cases: 1.) Temporary exclusions; 2.) Sensitive agricultural products; 3.) General exceptions. Temporary exclusions refer to products for which tariffs will ultimately be lowered to 0-5%, but which are being protected temporarily by a delay in tariff reductions. Sensitive agricultural products include commodities such as rice. ASEAN members have until 2010 to reduce the tariff levels to 0-5%. The AFTA was formed in 1992, after that Thailand economy was increasing rapidly, but in 1997 Thailand suffered the Dom Yam Goon crisis. It was beginning in July 1997, and raised fears of a worldwide economic meltdown due to financial contagion. The crisis started in Thailand with the financial collapse of the Thai baht caused by the decision of the Thai government to float the baht, cutting its peg to the USD, after exhaustive efforts to support it in the face of a severe financial overextension that was in part real estate driven. At the time, Thailand had acquired a burden of foreign debt that made the country effectively bankrupt even before the collapse of its currency. As the crisis spread, most of Southeast Asia and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. Such was the scope and the severity of the collapses involved that outside intervention, considered by many as a new kind of colonialism, and became urgently needed. Since the countries melting down were among not only the richest in their region, but in the world, and since hundreds of billions of dollars were at stake, any response to the crisis had to be cooperative and international, in this case through the International Monetary Fund (IMF). The IMF created a series of bailouts (rescue packages) for the most affected economies to enable affected nations to avoid default, tying the packages to reforms that were intended to make the restored Asian currency, banking, and financial systems as much like those of the United States and Europe as possible. In other words, the IMFs support was conditional on a series of drastic economic reforms influenced by neoliberal economic principles called a structural adjustment package (SAP). The SAPs called on crisis-struck nations to cut back o n government spending to reduce deficits, allow insolvent banks and financial institutions to fail, and aggressively raise interest rates. The reasoning was that these steps would restore confidence in the nations fiscal solvency, penalize insolvent companies, and protect currency values. Above all, it was stipulated that IMF-funded capital had to be administered rationally in the future, with no favored parties receiving funds by preference. There were to be adequate government controls set up to supervise all financial activities, ones that were to be independent, in theory, of private interest. Insolvent institutions had to be closed, and insolvency itself had to be clearly defined. In short, exactly the same kinds of financial institutions found in the United States and Europe had to be created in Asia, as a condition for IMF support. In addition, financial systems had to become transparent, that is, provide the kind of reliable financial information used in the West to make sou nd financial decisions. However, the greatest criticism of the IMFs role in the crisis was targeted towards its response. As country after country fell into crisis, many local businesses and governments that had taken out loans in US dollars, which suddenly became much more expensive relative to the local currency which formed their earned income, found themselves unable to pay their creditors. The dynamics of the situation were closely similar to that of the Latin American debt crisis. The effects of the SAPs were mixed and their impact controversial. Critics, however, noted the contractionary nature of these policies, arguing that in a recession, the traditional Keynesian response was to increase government spending, prop up major companies, and lower interest rates. The reasoning was that by stimulating the economy and staving off recession, governments could restore confidence while preventing economic loss. They pointed out that the U.S. government had pursued expansionary policies, such as lowering in terest rates, increasing government spending, and cutting taxes, when the United States itself entered a recession in 2001, and arguably the same in the fiscal and monetary policies during the 2008-2009 Global Financial Crisis. Although such reforms were, in most cases, long needed, the countries most involved ended up undergoing an almost complete political and financial restructuring. They suffered permanent currency devaluations, massive numbers of bankruptcies, and collapses of whole sectors of once-booming economies, real estate busts, high unemployment, and social unrest. For most of the countries involved, IMF intervention has been roundly criticized. The role of the International Monetary Fund was so controversial during the crisis that many locals called the financial crisis the IMF crisis. Many commentators in retrospect criticized the IMF for encouraging the developing economies of Asia down the path of fast track capitalism, meaning liberalization of the financial sector (elimination of restrictions on capital flows); maintenance of high domestic interest rates to attract portfolio investment and bank capital; and pegging of the national currency to the dollar to reassure foreign investors again st currency risk. Unfortunately, 2008 is another hard year, but its not only for Thailand or Asia, its the global economic crisis. The Global Financial Crisis has been called by leading economists the worst financial crisis since the one related to the Great Depression of the 1930s. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, substantial financial commitments incurred by governments, and a significant decline in economic activity. Many causes have been proposed, with varying weight assigned by experts. Both market-based and regulatory solutions have been implemented or are under consideration, while significant risks remain for the world economy. The collapse of a global housing bubble, which peaked in the U.S. in 2006, caused the values of securities tied to housing prices to plummet thereafter, damaging financial institutions globally. Questions regarding bank solvency, declines in credit availability, and damaged investor confidence had an impact on global stock markets, which suffered large losses during 2008. Economies worldwide slowed in late 2008 and early 2009 as credit tightened and international trade declined. Critics argued that credit rating agencies and investors failed to accurately price the risk involved with mortgage-related financial products, and that governments did not adjust their regulatory practices to address 21st century financial markets. Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion, and institutional bailouts. 2008 is a very tough year for Thailand. Not only is the Global Economic Crisis threatening Thai economy, but also the 2008 flu. The flu directly affected Thai tourism, which is the backbone of Thai economy. However, even the crises are monsters; Thailand is still standing in a very firm place of exporting rice, rubber and tourism. Not only today, but also after decades. Chapter 4: Compete from China. Not only Chinese daily products the only stuff competitive from China, but also foods, heavy industry, mineral materials and so on. In Thailand, Chinese food is one kind of high class treat. Its quite expensive and health. The most famous one could be the Chinese vegetarian. Vegetarianism is only practiced by a relatively small fraction of the population. Most Chinese vegetarians are Buddhists, following the Buddhist teachings about minimizing suffering. This is also one major reason why the Chinese vegetarian food is quite popular in Thailand. Chinese vegetarian dishes often contain large varieties of vegetables (e.g. Bok Choy, shiitake mushroom, sprouts, corn) and some imitation meat. Such imitation meat is created mostly with soy protein and/or wheat gluten to imitate the texture, taste, and appearance of duck, chicken, or pork. Imitation seafood items, made from other vegetable substances such as konjac, are also available. As for the Chinese industry export, Chinas machinery manufacturing industry can provide complete sets of large advanced equipment, including large gas turbines, large pump storage groups, and nuclear power sets, ultra-high voltage direct-current transmission and transformer equipment, complete sets of large metallurgical, fertilizer and petro-chemical equipment, urban light rail transport equipment, and new papermaking and textile machinery. Machinery and transportation equipment have been the mainstay products of Chinese exports, as Chinas leading export sector for successive 11 years from 1996 to 2006. In 2006, the export value of machinery and transportation equipments reached 425 billion US dollars, 28.3 percent more than 2005. Thermal, hydro and nuclear power industries are the fastest growing of all industrial sectors. At the end of 2004, the installed capacity of generators totaled 440 million kW, and the total generated electricity came to 2,187 billion kwh, ranking second in the world. Power grid construction has entered its fastest ever development; main power grids now cover all the cities and most rural areas, with 501-kv grids beginning to replace 220-kv grids for inter-province and inter-region transmission and exchange operations. An international advanced control automation system with computers as the mainstay has been universally adopted, and has proved practical. Now Chinas power industry has entered a new era featuring large generating units, large power plants, large power grids, ultra-high voltage and automation. There are several countries such as Thailand requesting Chinas help and investment for the industrial sector. China is the third largest country all over the world, and so as the Chinese mineral resource. China is rich in mineral resources, and all the worlds known minerals can be found here. To date, geologists have confirmed reserves of 153 different minerals, putting China third in the world in total reserves. The reserves of the major mineral resources, such as coal, iron, copper, aluminum, stibium, molybdenum, managese, tin, lead, zinc and mercury, are in the worlds front rank. Chinas coal reserves total 1,007.1 billion tons, mainly distributed in north China, with Shanxi Province and the Inner Mongolia Autonomous Region taking the lead. Chinas 46.35 billion tons of iron ore are mainly distributed in northeast, north and southwest China. The country also abounds in petroleum, natural gas, oil shale, phosphorus and sulphur. Petroleum reserves are mainly found in the northwest, northeast and north China, as well as in the continental shelves of east China. The national reserves of rare ea rth metals far exceed the combined total for the rest of the world. Rubber and rice used to be Thailands advantaged exports. However for the last 10 years, China is chasing Thailands heel. Rubber is an important industry for economy all around the world. Its price is usually influenced by the worlds oil price which is feature in changing in rubber price. China, Thailand, Indonesia and Malaysia (rubber garden about 200 hectares, output about 3 million tons) are the most importance producer and exporter for rubber market of the world. The amount of rubber they have produced account for 70%-80% of total world amount on average. Because the rubber is an important industrial crop in these countries, the rubber price has been going up due to increasing in demand for the rubber. These result in an expansion in production area which produces effect on the higher level of rubber output. The information released by the Chinese Ministry of Agriculture, the output of crude rubber is about 3.2 to 3.3 million tons in 2007 more than previous year and the annual growth is about 5%. This satisfying outcome was caused by the assistance of Chinese government in giving the better breed to the farmer. Most of rubber outputs are profuse in the second and the third quarter in each year, particularly in the southern part of China which is the largest source of domestic rubber production, because that period is humid season in Southern China. There might be a little decreasing in rubber price in that period because of the increasing in supply of rubber. Since the Chinese currency continued appreciation and the demand for rubber was increase, the export price was going up to 2.10 U.S. dollar per kilogram in March on 2007. Why does the price increase in international rubber market? There are two possible reasons. The first one is because some of the primary countries (Thailand and Indonesia) in producing rubber were affected by unfavorable weather, so the output was negatively affected. The second explanation is derived from the increasing demand for rubber in American and China itself, because the price of rubber was going up for a while, so the price was not expected to increase so much in the near future. On October 2008, the domestic price of rubber was going down so rapidly. It decreased to 8 RMB per kilogram in 20 days time. However before that, the purchasing price of fresh rubber is around 15RMB per kilogram and the cost of production is about 5 RMB per kilogram. The loss of the rubber profit is about 100% at that time. The cooperative of Chinese rubber farmers express that Thailand is the foremast partner of commerce in China because of the economic crisis from the U.S, so the exporter was very careful in it. Chinese Ministry of Agriculture adopts the countermeasures which analyze the tendency of international market in the future and establish the solving measures. It has made a commitment with financial institutions to extend the loan repayment period for rubber farmers. This hopefully enables the farmers could reduce their burden associated with rubber production. In addition, the Rubber Association of Asia wants to resolve the problem of lower the price of rubber. They decid ed to stop the production for six month so as to reduce the amount of rubber output and this enhanced the price level. They also suggested Chinese government to add the financial aid but dont interpose the price of rubber. If the price continue going down, the farmer may choose chopping the rubber trees to replant other crops and many farmers had already started to chop the rubber tree and sealing it. Furthermore, the farmers confronted with immense pressure from synthetic rubber, many rubber gardens change to replant other crops. Many other Chinese resources and products are also very much competitive, especially for Thailand. Thailand doesnt have many resources to use, thus if Thailand still want to improve the GDP they will have to import goods from China. Why China? The reason is not only the cheap price, but also the very convenient geographical location. Chapter 5: Solution of Thai-na Intersect. There are several solutions for avoid the incoming challenge and further crises. One of the most important progresses for the Thai-na trading is the China-Thailand FTA. The China-Thailand FTA was signed in June 2003 and came into effect four months later in October 2003. It is an early harvest agreement on farm trade alone, whereby both countries opened their agricultural markets before the broader China-ASEAN FTA comes into force in 2010. Under the deal, tariffs for 188 types of fruits and vegetables were cut to zero overnight. The China-Thailand FTA has had very strong impacts in Thailand, amply documented by NGOs, farmers groups, academics and the press. Many Thai garlic, longan and other fruit and vegetable producers, especially in the North, lost their livelihoods because they could not compete against the cheap flood of Chinese imports. In fact, despite government reassurances, only Thai cassava exports went up. Investigations showed that Thai produce entering China was left to rot at point of entry, by local warehouse operators, so that it could not actually be commercialized. Cheap Chinese fruits and vegetables, in the meanwhile, were criticized by Thai people for their high pesticide residue levels. But this actually led the two governments to adopt joint private food safety standards (Thai-China GAP), providing yet another boost to corporate farming and further concentration. In all, the China-Thailand FTA has not benefited small farmers on either side of the border. It has only been favorable for businessmen who control the trade and are able to use it to expand their contract farming operations, such as Thailands (ethnic Chinese-owned) Charoen Pokphand Group. After the formation of the FTA, Thailands exports to China are likely to continue to grow over the remainder as massive stimulus spending by Beijing is showing clear signs of