INTRODUCTION TO ECONOMICS FOR BUSINESS Essay Example | Topics and Well Written Essays - 2000 words

INTRODUCTION TO ECONOMICS FOR BUSINESS - Essay Example In this context we will look at the costs incurred in the production of Apple’s new generation iPads. The company has basically two models of the new generation iPad models; one that is equipped with 32 GB on NAND flash memory and the other that is equipped with 64 GB NAND flash memory and both with a 4G long term evolution (LTE) wireless capability. These are just but the major brands of the new generation iPads. What stands out is the difference in the price of production of the two different models. Looking at the bill of materials of these two, we find that the new iPad 32 GB carries a total of $364.65 and an additional cost of about $10.75 which covers the cost of manufacturing one unit so that the total bill of materials for this iPad to be at $375.10. The 64 GB one’s bill of materials is just $22.85 more than that of the 32 GB model. Looking at these new models, it is simply the prices of their parts that make them so expensive. â€Å"For instance the NAND flash memory prices range from $16 to $67 and are one of the key profit generating components for Apple in the new iPad line† A. Rassweiler (2012) noted. The iPads display and touch screen are also expensive at $120 according to Andrew Rassweiler (2012) too. Some other parts include the $23 A5X processor manufactured by Samsung and which makes up 6.3% of the total BOM, a $41.50 camera similar to the one installed in the iPhone 4 modules, and an improved capacity lithium polymer battery that cost $32.00per piece. This new battery can support 42.5 watt hours which is about 75% from the previous 25 watt hours in the iPad 2. This new battery costs only about 40% more than the old model which costs about $22.75. All in all, basically the 2nd generation iPads cost about$271.00 to produce, about 9 percent cheaper than the 3rd generation ones. According to IHS iSuppli’s Fred Straker (2012). Apple has chosen to leave the price difference at only $71 in order to make it difficult for any other company to beat the price of the iPad 3 given how expensive its production cost is. The average variable cost of producing these new model iPads is just about $360 which is a very high price per unit produced. This however means that on the other hand Apple won’t be able to make quite the profit margin that it was evidently used to with the sale of every iPhone unit, although they will not be too much at loss as most of their profits will be from the 64 GB versions of the new iPads, that is if they sell. The cost of making a 64 GB version just beats that of making the 16 GB one by about $50, with the retail price difference being over $200 due to the added 4G LTE networking technology. This is basically an upgrade that pushes up the retail price of the 64 GB version way beyond the cost of the actual upgrade. This actually means that the more expensive iPads if sold will comfortably cover for the not so much profits earned by the company through the selling of the sl ightly affordable ones. Specifically the 64 GB8with no 4G and the 16 GB9 up to the 64GB11 are Apple’s most expensive iPads and if sold will earn the highest of profits. These are the models that can earn the company the profit margins they are looking forward to. Also the retail price of the iPad 3 is about $629 and that gives Apple a marginal profit of about 51% which is slightly less than that of the 3G iPad2

Discuss the various perceptions of love in Shakespeares Romeo Essay Example for Free

Discuss the various perceptions of love in Shakespeares Romeo Essay Discuss the various perceptions of love in Shakespeares Romeo Juliet. Then choose two contrasting examples from scenes you have discussed and explain how you would stage them to show these contrasts. William Shakespeare wrote Romeo and Juliet in 1595. When it was written, Shakespeare was quite young, 31, already five years into his career. Queen Elizabeth I was on the throne at the time, and many of the characteristics of Elizabethan lifestyle are included within the play. In the Elizabethan times, it was not unusual for people to get married and have children young. In the play Lady Capulet says, By my count, I was your mother much upon these years, to Juliet, who appears to be about 12 years old. She is telling Juliet that she was already a mother at Juliets age, implying she should be getting ready to marry now. Women were also not considered of much importance in those days. They were not as important as men, and just used for sex, which plays a big part in the topic of conversation between characters throughout the play. Women/girls also had to obey their fathers until they got married, and then obey their husbands when they did get married. It was a very male dominant era. Romeo and Juliet is partly a comedy, tragedy and history. It is a tragedy obviously because of all the death in it. It is a comedy because of the irony and contrast the characters raise, and also because of the humour some characters like Mercutio and the Nurse bring into the play. It is a history as well because of the fact it was written a long time ago, and has historical contents in it. There is a great deal of love and passion in this play, but not all the same. Different characters have different perceptions of love, and different passions. The play is also as much about hate as it is about love, which is a very important element. Shakespeare puts emphasis on themes such as the relationship of love and hate and old and young. This is what I will be analysing in the essay. The play tells the story of Romeo Montague and Juliet Capulet; the children of two rival families living in Verona, who fall in love and get married without their families knowing. The hatred felt by their families leads to the death of five people. Two of who are Romeo and Juliet, the star-crossed lovers who die because they want to be together but cant be. It shows the young as they struggle to escape from the morass of hatred created by their elders. The ancient family feud makes Romeo and Juliets union even more significant as they both hate each others families, but manage to overcome it when they meet each other. This play represents true love because it shows pure hatred turn into pure love. Romeo and Juliet went against everything they were brought up with and gave up their lives to be together. Romeo is a very passionate person when we first meet him, and his passion stays throughout the play. We do learn however, that Romeo is very impulsive, and acts on this impulsive streak very often, and it leads him to do some stupid things, which I will show further on in the essay. The first reference to love in the play is in the opening scene where we meet Sampson and Gregory (two Capulet servants). They are both very vulgar and crude characters and show this straight away when they are talking about the Montague women. In lines 17-20, Sampson says, Tis true, and therefore women being the weaker vessels are ever thrust to the wall. Therefore I will push Montagues men from the wall, and thrust his maids to the wall. This is where the punning becomes sexual. He is implying that he will assault the Montague maids against the wall. Later on in lines 27-28, he says, Ay, the heads of the maids, or their maidenheads- take it in what sense thou wilt. Here he is saying that he will either chop off the heads of the Montague maids, or rape them, depending on what he feels like. Their behaviour shows that they do not actually think of love itself, and only think of sex. They view women as mere objects to serve their pleasure. They are not the only bawdy characters in the play to have this perception of women and love thought. In act two, scene one (lines 34-38); Mercutio is making fun of Romeos talk of love for Rosaline. He talks about a Medlar tree, and describes sex as a Medlar fruit. He is saying that Romeo really wishes Rosalie were a Medlar fruit, even though he says he loves her, all he really wants is sex. This is probably because this is all Mercutio sees love as. The Nurse is another one of these characters. She constantly talks about the physical side of marriage. To her, love is merely about sex and having babies. For Sampson, Gregory, Mercutio and the Nurse, love is something non-emotional, and they have obviously never experienced love like Romeo and Juliets. Love for Romeo and Juliet is very emotionally bonded, and they cannot live without each other. This however does not mean there is no physical element to their relationship. Romeo and Juliet eagerly look forward to the physical side. This can be seen in act three, scene two, lines 1-30, where Juliet is looking forward to her wedding night, or her love-performing night. But even this is altered by their love into something of which Mercutio, the Nurse and the servants know nothing of. In act one, scene one, Romeos parents show parental love when they are concerned about him. The first evidence to show they care about Romeo is in lines 118-119, where Lady Montague says, Right glad I am he (Romeo) was not at this fray, meaning she was glad that Romeo was not involved in the fight that had just happened. In lines 133-144, Montague talks about Romeos worrying behaviour. He says that he is always crying, distances himself from everyone else, and shuts out light, making himself an artificial night. Montague is obviously worried about his sons behaviour, and asks Benvolio if he could talk to Romeo because he does not understand him. This doesnt mean however, that he does not care how Romeo feels, but he evidently does. It just shows the contrast between young and old. The first time we meet Romeo, he seems very sad and down (in the exact state his father describes him to be in). he is sad because he is in love. For Romeo, being in love (at this stage in the play) is a very painful, negative thing, especially because here there is a situation of unrequited love. However, by studying Romeos language in this scene, I believe that he is not in love with Rosaline, but infact in love with the idea of love itself. The fact that he does not say Rosalines name once, but talks about being in love, shows that the she is irrelevant. Romeos doting over Rosaline is introduced to show the difference between love and infatuation. He talks about love as a painful situation to be in, as shown in lines 195-196, A madness most discreet, a choking gall, and a preserving sweet. This changes drastically though, when he meets Juliet. From the second he sees Juliet (in act one scene five); you can see he has changed. He suddenly speaks in a more positive tone, with more positive views on Juliet not just of love. O she doth teach the torches to burn bright. Romeo is referring to Juliet as an actual person, whereas before he was talking about being in love (supposedly with Rosaline), but never refers to her as a person. On meeting Juliet he experiences love at first sight. He goes on to say, For I neer saw true beauty till this night. This shows that he has forgotten about Rosaline already, almost like she never existed. Romeo constantly compares Juliet to a saint throughout the play, O then dear saint. He has made Juliet out to be the most important person (to him), in the matter of minutes. In their first meeting, Romeo and Juliet share a sonnet (lines 94-107). This immediately shows the connection of love and harmony that exists between them. In the sonnet, love as a religion seems to be the key subject, and Romeo talks about it so passionately. He refers to Juliet as a holy shrine, and his lips Two blushing pilgrims. By studying Romeos language here, and that of which he used when we first met him, you can see that his feelings have gone from being self-centred, self deceiving and essentially negative, to less self-centred, genuine and sincere passion, positively approached when he meets Juliet. The love between Romeo and Juliet is different from any other in the play, because both share the same view on love. It is so strong that they fought through everything to be together and when they werent they felt empty and sad. No one else in the play shows love for anything this deep. The words Romeo and Juliet use when flirting with each other emphasise their love for one another. They use words to do with the body lips, hands, palms, religion pilgrims, saints, prayer, devotion and holy then they put both ideas together, holy palmers kiss and saints lips. Romeo is trying to woo Juliet with romantic gestures.

Causes of CO2 Emissions

Causes of CO2 Emissions Introduction: Since the beginning of human civilization in the Early Stone Age or Paleolithic Era, humans started transforming inputs collected from the nature into economic outputs, i.e. goods and services using their primitive technology. Once economic outputs being realized the important thing to satisfy human needs, they emphasized the transformation process, and later accelerated it adopting modern technology. The continuous effort towards achieving enormous volume of economic outputs resulted in Industrial Revolution in 1760. The Revolution started not only a new era of rapid economic growth but also attenuated the environmental quality, and more importantly it started transforming the global economy from organic economy based on labor power to inorganic economy based on fossil fuels (Kasman Duman, 2015; Ahmed, et al, 2016 a). Burning fossil fuels release greenhouse gases (GHG) which scientific community undisputedly declared as the major cause of the global warming (Ahmed, et al, 2016 a). A recent study by NASA reveals that atmospheric carbon dioxide (CO2)- the major GHG has significantly increased since the Industrial Revolution (NASA, 2017). Enhancing economic growth was the main purpose of all previous innovations regardless of their nature such as sophisticated machineries, new economic policies or financial development. Consequently, the global community has seen a substantial growth in its economic development over the last few decades (Al-Mulali, et al, 2015). Excessive economic growth requires transforming an enormous volume of raw materials and increases the use of energy generated mostly from fossil fuels (Ahmed, et al, 2016 a). Excessive use of both raw materials and energy causes environmental pollution on one hand and reduces natural resource base on other hand (idem). Subsequently, long term economic growth along with global warming and climate change becomes one of the major concerns that countries around the world are currently anticipating (Al-Mulali, et al, 2015; Ahmed, et al, 2016 a). The global concern over these issues has shifted the attention of researchers as well as policy makers from conventional economic development to sustainable development (Rehman, et al, 2012). Better understanding about economy and environment is one of the preconditions to achieving sustainable development. Therefore, studying the relationship between economic growth and environment quality has become the focus of researches both in economics and environmental science over the latest decade (Sharma, 2011). Many researches on the issue have been carried out and the resulting wide range of literature is now available (Al-Mulali, et al, 2015; Kasman Duman, 2015; Ahmed, et al, 2016 a). However, the findings are mostly inconclusive because of different indicators used for environmental quality, along with different econometric techniques and different control variables used in the studies (Rehman, et al, 2012; Ahmed, et al, 2016 a; Ahmed, et al, 2016 b). Most of the studies suffer from omitted variable bias, and being completed using information collected from either a single country or a small group of countries or a region (Halicioglu, 2009; Sharma, 2011; Farhani, et al, 20 13; Al-Mulali, et al, 2015; Farhani Ozturk, 2015). Consequently, it is difficult to generalize the results of a country or region for the rest of the world (Rehman, et al, 2012). An inclusive global based research on the relationship including important variables is necessary for two reasons; it would reduce omitted variable bias and its findings would be appropriate at global level. Any research of this kind will assist policy makers working at global (e.g. IPCC) and regional level (e.g. EU). In our study, we become passionate to estimate the dynamic causal model for identifying the factors causing CO2 emissions in the long-run. The paper is organized as follows: after a survey of existing literature, the research methods are introduced followed by data analysis and a discussion, and a conclusion.

Macbeth: Serpentine Imagery Essay -- essays research papers

The snake has long been used as a symbol of sly subtlety. A serpent’s presence has been characterized by cunning cynicism dating as far back as biblical times, when the snake persuaded Eve to eat the forbidden fruit of Eden’s garden. Even the phrase â€Å"snake in the grass† expresses latency. Shakespeare uses this treacherous reptile in Macbeth to convey the same evil. In his poetic prose, Shakespeare may not speak of a character’s malevolence directly; rather, he alludes to it through serpentine imagery. Macbeth contains four separate images of this type. What is their purpose, and what do they signify? A deep undercurrent of meaning flows beneath each image. In act one, scene five, Lady Macbeth tries to instill invisible evil into herself and her husband in preparation for Duncan’s murder. She asks for supernatural unsexing, for a thickening of her blood that will â€Å"stop up th’ access and passage to remorse.† She fears her husband is too weak to murder Duncan, which she believes is Macbeth’s only path to the crown. After tauntingly questioning her husband’s manhood, she convinces him to follow her gory plan and gives him instructions to do so. â€Å"To beguile the time, look like the time. Bear welcome in your eye, your hand, your tongue. Look like the innocent flower, but be the serpent under ‘t.† She says that to succeed, they must feign mediocrity amongst their guests, concealing their sinister desires. Appearing normal will not invoke suspicions. The serpent Lady Macbeth s...

Favorite place

Favorite place BY hi1193 New Jersey is one of fifty states in The United States. It is on the northeastern coast bordering the Atlantic Ocean, New York, Pennsylvania and Delaware. It is one of the smallest states in the country, but is ranked number one in highest population density. I was born there and lived there my whole life, but it wasn't until I relocated that I realized the true beauty of the state. New Jersey (N. J. ) has all the different seasons; spring, summer, autumn, and winter. It has all of the characteristics that come with the seasons.If you have ever eard anything about New Jersey, you have probably heard about our humid summers and freezing winters. In the summer, the humidity rises so high that you can almost cut through the air like you would a steak. In the winter, the temperature gets so cold, Just being outside for five minutes makes you feel like you are in the beginning stages of hypothermia. The summer is my favorite time of year because you get to go to t he many beaches in the Jersey shore, located on the coastal southern part of the state. The beaches are beautiful, but the water is muddy and lack, almost like what sewer water looks like.My mother loves the spring season because it is when she gets to start on her garden and yard work for the year. She starts planting all of our favorite vegetables and flowers. The state is known as â€Å"The Garden State† for a reason; for it holds some of the most beautiful plant life and gardens you could have ever imagined seeing. Many foreigners complain about the smell of New Jersey on the turnpike in the summer because we get the draft of the garbage being disposed of in New York City, and that smell, mixed with our thick umidity is not a pretty picture.I must admit, to us natives, it is what reminds us that we are home. New Jersey is home to a few of historys most prestigious places, like Ellis Island and the Statue of Liberty, which we share with New York. One of my favorite places to spend free time is Liberty State Park, which is a beautiful park in the heart of Jersey City, a northern city that borders New York City. Liberty State Park borders the Hudson River and looking out across it at night you can see the factory smoke-filled ky, but in the daytime you can see the beautiful, sea green, Statue of Liberty.Depending on what time of day you visit the park, you can see the workers cleaning off the erosion on her. New Jersey is also home to Seton and Rutgers University- two of the finest in the country. The State of New Jersey is a melting pot. It is filled with as many races and religions as you can imagine. It is 79% white, 15% black, and 6% other. 37% of New Jerseys population is of Catholic religion, the rest are non-denominational. Now that I ave left the â€Å"melting pot†, I have realized a few things.One of the things I have realized is that having grown up there; I personally feel that I am a more open- minded individual due to the fact that I was raised around so many different people and cultures. When I was fifteen years old, I taught myself fluent Spanish, Just by being around a predominantly Hispanic population. I teel as it people trom other states, such as Arizona, have almost lost out on being able to have the opportunity to be around many different cultures and types of people.One of the most fascinating things that I have observed about New Jersey is its means of transportation. The main source is your personal automobile, but public transportation doesn't fall too far behind. I love getting on the train and going anywhere. I love to look out the window and see the scenery change as we travel further along. It goes from green shrubbery to black and white cities to the brightest of lights and blackest of night once you enter Manhattan. The train runs very fast, but I always feel like it is not getting to my destination fast enough.Although New Jersey doesn't have many breath taking places to visit, like a lot o f other states, it is still home to me and I love it. It was my home for my whole life up until six months ago when I moved to Arizona, and I will forever be grateful for that and cherish and all that New Jersey has to offer. It is a beautiful state with a wonderful variety of people and will continue to be for years to come. It is the state that made me who I am and I feel very proud for that. You know what they always say about people from New Jersey; â€Å"theyre a different breed†. Favorite place Favorite place BY hi1193 New Jersey is one of fifty states in The United States. It is on the northeastern coast bordering the Atlantic Ocean, New York, Pennsylvania and Delaware. It is one of the smallest states in the country, but is ranked number one in highest population density. I was born there and lived there my whole life, but it wasn't until I relocated that I realized the true beauty of the state. New Jersey (N. J. ) has all the different seasons; spring, summer, autumn, and winter. It has all of the characteristics that come with the seasons.If you have ever eard anything about New Jersey, you have probably heard about our humid summers and freezing winters. In the summer, the humidity rises so high that you can almost cut through the air like you would a steak. In the winter, the temperature gets so cold, Just being outside for five minutes makes you feel like you are in the beginning stages of hypothermia. The summer is my favorite time of year because you get to go to t he many beaches in the Jersey shore, located on the coastal southern part of the state. The beaches are beautiful, but the water is muddy and lack, almost like what sewer water looks like.My mother loves the spring season because it is when she gets to start on her garden and yard work for the year. She starts planting all of our favorite vegetables and flowers. The state is known as â€Å"The Garden State† for a reason; for it holds some of the most beautiful plant life and gardens you could have ever imagined seeing. Many foreigners complain about the smell of New Jersey on the turnpike in the summer because we get the draft of the garbage being disposed of in New York City, and that smell, mixed with our thick umidity is not a pretty picture.I must admit, to us natives, it is what reminds us that we are home. New Jersey is home to a few of historys most prestigious places, like Ellis Island and the Statue of Liberty, which we share with New York. One of my favorite places to spend free time is Liberty State Park, which is a beautiful park in the heart of Jersey City, a northern city that borders New York City. Liberty State Park borders the Hudson River and looking out across it at night you can see the factory smoke-filled ky, but in the daytime you can see the beautiful, sea green, Statue of Liberty.Depending on what time of day you visit the park, you can see the workers cleaning off the erosion on her. New Jersey is also home to Seton and Rutgers University- two of the finest in the country. The State of New Jersey is a melting pot. It is filled with as many races and religions as you can imagine. It is 79% white, 15% black, and 6% other. 37% of New Jerseys population is of Catholic religion, the rest are non-denominational. Now that I ave left the â€Å"melting pot†, I have realized a few things.One of the things I have realized is that having grown up there; I personally feel that I am a more open- minded individual due to the fact that I was raised around so many different people and cultures. When I was fifteen years old, I taught myself fluent Spanish, Just by being around a predominantly Hispanic population. I teel as it people trom other states, such as Arizona, have almost lost out on being able to have the opportunity to be around many different cultures and types of people.One of the most fascinating things that I have observed about New Jersey is its means of transportation. The main source is your personal automobile, but public transportation doesn't fall too far behind. I love getting on the train and going anywhere. I love to look out the window and see the scenery change as we travel further along. It goes from green shrubbery to black and white cities to the brightest of lights and blackest of night once you enter Manhattan. The train runs very fast, but I always feel like it is not getting to my destination fast enough.Although New Jersey doesn't have many breath taking places to visit, like a lot o f other states, it is still home to me and I love it. It was my home for my whole life up until six months ago when I moved to Arizona, and I will forever be grateful for that and cherish and all that New Jersey has to offer. It is a beautiful state with a wonderful variety of people and will continue to be for years to come. It is the state that made me who I am and I feel very proud for that. You know what they always say about people from New Jersey; â€Å"theyre a different breed†.

Mission and Vision Analysis of Pso and Coca Cola Essays

Mission and Vision Analysis of Pso and Coca Cola Essays Mission and Vision Analysis of Pso and Coca Cola Paper Mission and Vision Analysis of Pso and Coca Cola Paper PSO, in their mission statement clearly state that they aim to lead the energy market through quality products and services. They intend to do this by creating a workforce of professionally trained, highly motivated people. They aim to create a friendly, team-oriented culture and acknowledge and reward good performance, innovation and creativity for personal growth and development of employees. They plan to use economies of scale to continue achieving sustained growth. They have a socially responsible attitude in their business practices. Vision Analysis The vision of PSO depicts their energy of becoming the number 1 company of today and tomorrow. Also, it shows how important their customers are to them. Providing them with innovative goods which make life more convenient is their basic aim. Conclusion Both the mission and vision statement are strong and clearly define the company’s short and long term objectives. [pic] Mission Mission Analysis: Above is the Coca-Cola Company’s external mission statement, which lists the goals of the company. It is not an exaggeration to state that every living person on the planet is a potential customer, partner, or recipient, directly and indirectly, of a product, opportunity, service, or other benefit that Coca-Cola may offer. Each of the three take the whole world as the customer irrespective of gender, location, race, nationality and religion. Analysis of each statement separately: a) The first proclamation says that Coke refreshes (in mind, body and spirit). This is a statement that suggests that Coca-Cola produces some sort of food item, which it does, of course. Then it goes on to say world which encompasses everyone. Although, this will mean different things to varied persons it says to a wage earner to ensure that the offering ought to be such that it delivers on this covenant, to a customer it says that Cokes offerings are sworn to invigorate him, to the salesperson it says that Coke is a superior offering that he ought to do business with, to a stakeholder it says that the corporation makes an extraordinary item, which is already very good, and is on a high natural growth highway. b) The second says ‘inspire moments of optimism’. This statement is unclear and does nothing to differentiate Coca-Cola from any other food producer. One of the goals of every firm is to inspire optimism. c) The third â€Å"create value and make a difference† Likewise, this statement, while better defined than the prior statement, simply plays on the reader’s emotions and adds nothing substantive Presence of the elements in the mission: Customer needs: The mission clearly states that coca cola is a food item catering to the happiness and thirst of all. At the same time it promises to make a difference in order to satisfy customer needs Customer groups: Their mission clearly states that they cater to all the persons in the Coke World end-users, staff, general, masses, stock holders, vendors, etc. who form their customer groups Technologies: Their basic tool of satisfying customer needs is by refreshments, which states the type of product but they fail to list any business approaches or use of resources in order to me et the needs and satisfy the customers. Vision Analysis Conclusion: Overall, Coca-Cola’s mission and vision statement defines its goals, policies, and values and defines the competency of the company. It indicates the company’s scope; the reach of Coca-Cola is world-wide. It does not, however, do a good job of stating why its operation is better than anyone else’s. As a result, it does not define the competitive environment. Most of the ideals that Coca-Cola lists are generic every firm wants to do well by its shareholders and its customers. Consequently, the mission statement needs refined if it is to be taken seriously but it does however have a strong mission and vision statement. Our Roadmap starts with our mission, which is enduring. It declares our urpose as a company and serves as the standard against which we weigh our actions and decisions. To refresh the world To inspire moments of optimism and happiness To create value and make a difference MISSION: We are committed to leadership in energy market through competitive advantage in providing the highest quality petroleum products and services to our customers, based on: Professionally trained, high qu ality, motivated workforce, working as a team in an environment, which recognizes and rewards performance, innovation and creativity, and provides for personal growth and development. Lowest cost operations and assured access to long term and cost effective supply sources. Sustained growth in earnings in real terms. Highly ethical, safe environment friendly and socially responsible business practices. VISION: To excel in delivering value to customers as an innovative and dynamic energy company that gets to the future first. Vision Our vision serves as the framework for our Roadmap and guides every aspect of our business by describing what we need to accomplish in order to continue achieving sustainable, quality growth. People: Be a great place to work where people are inspired to be the best they can be. Portfolio: Bring to the world a portfolio of quality beverage brands that anticipate and satisfy peoples desires and needs. Partners: Nurture a winning network of customers and suppliers, together we create mutual, enduring value. Planet: Be a responsible citizen that makes a difference by helping build and support sustainable communities. Profit: Maximize long-term return to shareowners while being mindful of our overall responsibilities. Productivity: Be a highly effective, lean and fast -moving organization

As I crossed a bridge of dreams essays

As I crossed a bridge of dreams essays As I Crossed a Bridge of Dreams was written as a way for the author to escape her life in times of turmoil or when things had become stagnant. The book seems more like a journal of her dreams or her passions than a novel. Like life, there is no plot to the book. It is just a collection of memories that were important to the author, although to the outsider reading the book, they may seem meaningless. They, however, reflect her beliefs and feelings at the time. The book begins with the author talking about Tales. She is fascinated with these Tales and can not get enough of them. She first learned them from family member who would tell her the stories. This led to a great desire to read them on her own. It seems as though she wants to live in one of these Tales to escape the drabness of her own life. As she gets older, her family plans to leave the small province where they live, and move to the capital. As they ride away from the house, she starts to sob over leaving behind the Buddha statue that she secretly prayed to at night. This is when we first learn how sensitive she is. In the early years of her life she cries over the smallest thing. The death of a stranger even brought her to tears. The Tales she was so fond of seemed to be the only thing to make her happy. As she got older, the author focused more on her dreams and Buddhism. She went on many pilgrimages and focused on prayer. She believed many of the dreams she had were prophecies. She also believed that the misfortunes in her life came about because she hadnt listened to her dreams and did not pray often enough. The author of the book speaks little about her family. The brief mention of her husband only leads to his death. She did not deal with his death or the death of any of her other family members. She blamed herself for not praying enough when she was younger and locked herself away in her house. Yet we continue to live despite all our sufferi...

Media Focus more on the personality than the politician. essays

Media Focus more on the personality than the politician. essays Pay no attention to that man behind the curtain is a line taken from the Wizard of Oz and is spoken by the wizard to symbolize that it is not the person pulling the strings and levers who is of importance, but rather the effect that one experiences in front of that curtain. A useful quote to illustrate that which confronts political audiences everyday. What we see and hear with respect to politicians, what we understand by policy or party affiliation is such that we need to question what it is that is actually being conveyed and for what reason? More importantly, as the audience or enquiring social scientist, is it not of consequence to know who the wizard actually is, whether he be the media or the politician? In the last fifty years, the media, in its numerous forms, has become a central social institution. Whether it be through television, newspapers or the internet, the media is the principle means by which information is communicated to us. The media is by no means a definitive source of knowledge, but it certainly is a valuable and practical source by which information, that would otherwise have gone unknown, be communicated to the general public. Political awareness today, for the majority of us, is brought directly to us as a result of the media. In the U.S., for example, television is the main method by which Americans find out about news politics etc, and therefore candidates not only try to obtain as much airtime as possible but also spend a large proportion of their budget on television advertising. With the advent of new technology enabling information to be conveyed to the masses, politicians were quick to reap the benefits that the media had to offer. Although the need to campaign door-to-door has some benefits, they are benefits for of a politician of a past generation. Today, such campaigning, is only of viable when it is mediated to the...

International Protection of Refugees Essay Example | Topics and Well Written Essays - 4500 words - 1

International Protection of Refugees - Essay Example For the collection of data I have gone through authentic websites and books. The first need to address the issue of refugees came with the end of the World War I. Several movements, such as the Russian Revolution and the collapse of the Ottoman Empire, created a major refugee problem in the world. Jaeger (2001) writes in his article â€Å"On the History of International Protection of Refugees† that approximately 1.2 million people left Russian territory between the period of 1918 and 1922. Since the resources were getting exhausted it was decided to appoint a High Commissioner for refugees which would define the status of refugees, guarantee their repatriation and their employment outside Russia. Dr. Fridtjof Nansen was appointed by the League of Nations in 1921 as High Commissioner for Russian refugees. Later his responsibilities were extended to refugees from other countries as well such as the Armenians in 1924 and the Assyrian, Assyro- Chaldean and Turkish refugees in 1928. Several important developments that took place in the 1930s are mentioned below: International Nansen Office for Refugees: The office was created after the death of Nansen in 1931. It was an autonomous body and worked under the authority of the League. Its aim was to provide humanitarian and relief work. The office was liquidated in 1938 (Abrams, 2001). High Commissioner for Refugees coming from Germany: Following the rise of Hitler’s power a High Commissioner for refugees coming from Germany was appointed. The office was liquidated along with the Nansen office in 1938. The High Commissioner fought strict immigration rules to help resettle the Jews and non Jews coming from Germany (Cutts, 2000). The organization came into existence in 1943 and was created by the allies. It helped in organizing the return of millions of people back to the counties of origin. Many people did

Christianity and Democracy in America Term Paper

Christianity and Democracy in America - Term Paper Example In democratic countries, society is controlled in a lesser degree than the government. Consequently, democracy leads to the creation of opinions, sentiments, suggests ordinary practices of life, and modifies what it does not produce (Tocqueville 5). â€Å"The more I advanced in the study of American society, the more I perceived that the equality of conditions was the fundamental fact from which all others seemed to be derived, and the central point at which all my observations constantly terminated. I then turned my thoughts to our own hemisphere, and imagined that I discerned there also something analogous to the spectacle which the new world presented to me. I observed that the equality of conditions, though it has not yet reached, as in the United States, its extreme limits, is daily progressing towards them; and that the democracy which governs the American communities appears to be rapidly rising into power in Europe. From that moment I conceived the idea of the book which is now before the reader.† (Tocqueville 6). According to Tocqueville, American democracy is the best example that should be followed by other countries. He considers democracy to be the greatest and the most important issue of his time. However, America was seen by both democrats and aristocrats as a force that tries to divide Europe. Democrats argued that democratic principles should be exercised in the society while aristocrats tried to withstand the democratic spirit. Jacques Maritain Maritain, who was a Frenchman, majorly reflected on the church and the state. The state, according to Maritain, is political and is concerned with the common welfare of the people, the public order, and administration of public affairs. Further, he states that the state is a part of a society that protects and promotes the interests of the people. The state is not a person or a group of persons but rather an institution or institutions working together (Dougherty 13). Maritain further explains th e importance of a spirituality or Christianity in the state. From a religious point of view, the common good of the politics in the state is in direct ordination of something which transcends it. The state is controlled and is under the order of a supreme being. From a secular perspective, the church is an organization or a set of instructions concerned with the spiritual well being of an individual or of a believer. In political perspective, the good activities done by the citizens have an impact on the lives of the members of a community. Therefore, the church is necessary for the common good of the state and to the society. He further states that the church and the state cannot work in isolation or the ignorance of one another. In the body of a person, there is a part which is a member of the church and another part which is political. An absolute division of the church and the state cannot occur. The state and the church must cooperate (Maritain 15). Further, Maritain says that the state owes its political authority to the people. Citizens must be given a right to self government. The right of self governance is foreseen in the constitution, whether written or not written. The citizens are the group of persons who unite under just laws to achieve their common goal. However, the citizens are concerned not only with politics. Every individual has a spiritual soul; therefore, the people are above the state, the sate works for them not the citizens working for

Case about the International Committee of the Red Cross (ICRG) Assignment

Case about the International Committee of the Red Cross (ICRG) - Assignment Example The intention of this study is the ICRC as an international organization that has faced with major global challenges due to the fact that its workforce comes from different cultural backgrounds. The level of cultural change is very minimal and measures need to be taken to improve the situation. If well managed, global diversity can ensure that resources of ICRC are harnessed and transformed into very important asset for the organization. However, this cannot be realized in the absence of a change in the culture of the organization. HR functional practices need to transcend across all departments and be supported with a good culture that encompasses all the needs of its employees. The issues that affect ICRC have been in existence for quite some time now but effective measures have not been undertaken to ensure that they are tackled in the global perspective and the organization is still clouded with origin issues where the Swiss culture seems to play a deciding role in what happens w ithin the headquarters of the organization and without in other foreign missions. There is a general assumption in this study that achieving a global diversity through cultural change is possible if well managed. Certain limitations do exist such as resources to be applied in such a massive restructuring program to meet the objectives of the plan. The refining of specialist HR supported functions is very essential if ICRC has to realize its objectives and this will have to be done through a program which paves the way for a change in culture. Certain key factors for such an ambitious program have been outlined and analyzed. There are critical elements which need to be put into account to enable the organization achieve this course. Conclusion has been drawn putting in mind the key concepts or theories relevant to the subject and these have been related to the evidence as far as the facts are concerned. Recommendations made are in line with the program that has been discussed in the analysis. These recommendations are actually some of the crucial things that need to be done in order to realize the success of this plan. An implementation program has been set to outline the relevant action steps that could be followed in order to meet the target of refining the specialist HR supported functions

Books Banning Research Paper Example | Topics and Well Written Essays - 1250 words

Books Banning - Research Paper Example Books act as central means of imparting knowledge and communicating diverse thoughts, ideas, and viewpoints. As such, they act as useful instruments for writers and other literarians to express themselves through articulated works crafted skillfully. Because books present a powerful way of communicating new, and sometimes radical, ideas, they are sometimes viewed as a threat. Those who view books as a threat are willing to restrict the transmission of the book’s message through censorship or banning of books. However, the phenomenon is not a new one and apparently the history goes back to the Greek days of the philosopher, Plato, who suggested that certain tales must not be told to children due to their content (Lusted, 13). Banning books has its implications on many of its stakeholders including students, parents, teachers, and the government. In many ways, banning books involves the conflicting interests of its various stakeholders thereby motivating the action. Books are banned due to various reasons. DiMarco mentions how one of his colleagues jokingly said that his book should be banned because it contains explicit content such as â€Å"sex, violence, and adult language†, something which would definitely not be seen as suitable for young students to read (368). While many books are banned due to its objectionable content, it should be noted that such actions inhibit greater learning by restricting the transmission of knowledge. In most cases, book banning limits a student’s comprehension of applicable knowledge as it exposes one to only accepted ways of knowledge dissemination. By doing so, students are only introduced to one side of the picture rather than giving them a thorough exposure to the wider picture thereby limiting their view. Book banning has been practiced since a long time and thus, students have been limited to only specific dimensions of knowledge. It is important to understand that any kind of censorship inh ibits

O'Brien and Szeman Critical Insight Essay Example | Topics and Well Written Essays - 2000 words

O'Brien and Szeman Critical Insight - Essay Example O’Brien and Szeman The concepts of O’Brien and Szeman show that there is a direct correlation between cultural expressions and the new possibilities within contemporary art. This begins with the understanding of techniques that are used with art and how this is beginning to transform. The first concept is related to ideas of language. In popular culture, this is beginning to transform, break down and alter into new expressions and ideologies. The approach taken is one which is defined specifically by new expressions that are combining disciplines. The idea of language is one which begins to move into concepts of how language can be expressed in visual arts, multimedia, dance and other concepts. Integrating this into artistic forms and developing a sense of hybridity allows individuals and the languages to move forward with specific concepts and to create a sense of understanding that moves outside of the traditional ideas of language and into something that is understoo d within popular culture. O’Brien and Szeman continue this concept with the ideas of signs, representation and discourse. The ideas of hybridity and ways in which these theories turn into new expressions lead into different areas of exploration. ... Instead of creating a representation that is based on a medium, the medium becomes a tool that is used with the representation or discourse that is being expressed. With this concept, one is able to combine different types of artistic works to move a step further with the representations that are being created. Critical Insight The concepts which are associated with O’Brien and Szeman are one of the leading changes that are occurring within the arts create questions based on how the popular culture and contemporary art turn into hybrid and interdisciplinary approaches. The concepts of hybridity that come from the main tools recognized by the two authors are only one of the components that are a part of creating interdisciplinary approaches to art. This is further transformed with ideas and representations which are based on exploration. The idea of exploration with the mediums and the arts as well as popular culture, is one of the defining points of art work. Without this, art ists wouldn’t be able to create and express what is needed. The tools discussed then become a way to experiment and interchange the ideas of discourse, signs or language used with the techniques that are related to O’Brien and Szeman. The main concept which is associated with the theories is one which is based on ideas of expression and creation. The most important challenge that is created is one that is based on how art can move forward in both terms of experimentation and in popular culture. Using techniques, such as certain mediums, as well as combining this with different concepts of practices, is one that is now becoming secondary. The question which is being

Compare two compay Essay Example | Topics and Well Written Essays - 1000 words - 1

Compare two compay - Essay Example Financial ratios are extremely important when it comes to analyzing a company, Google has generate a lot of revenue in the last few years, here is a look at their financial ratios and how well they have actually been faring. All these ratios clearly show that Google inc is financially very sound and there is nothing to worry about for the company but they have several competitors and can’t afford to rest on their laurels. Employees are more than willing to work for Google because the organization has established itself as one of the best companies in the world, in the year 2007 and 2008 Google was the top company to work for, it is one of the very best companies across the globe, they treat their employees with a lot of respect and they take special efforts to motivate them. All this success is because of their leadership and cross-functional organizational structure. Google employs the rule of â€Å"70-20-10† this means the employees can communicate directly with each other, this much improved communication system has been the key to success. Formal channels are normally avoided by the company to avoid any misunderstandings, the staff is always highly motivated because they have a sense of belief that they can contribute immensely towards the company, this sense of belief keeps them motivated and inspires them to keep performing for the company. Apple has been a revolution, their products have been selling like hot cakes, â€Å"it was earlier reported that company is more stable than the US Government.† (Apple has More Money than the US Government) The products sold by apple are mainly for entertainment, there is a lot of competition in this filed, apple is undoubtedly the present leader but things may change within no time. Dell, Hp and Lenovo give apple a run for its money when it comes to computer hardware. Media player and Windows operating system are the two main rivals of apple

Books Banning Research Paper Example | Topics and Well Written Essays - 1250 words

Books Banning - Research Paper Example Books act as central means of imparting knowledge and communicating diverse thoughts, ideas, and viewpoints. As such, they act as useful instruments for writers and other literarians to express themselves through articulated works crafted skillfully. Because books present a powerful way of communicating new, and sometimes radical, ideas, they are sometimes viewed as a threat. Those who view books as a threat are willing to restrict the transmission of the book’s message through censorship or banning of books. However, the phenomenon is not a new one and apparently the history goes back to the Greek days of the philosopher, Plato, who suggested that certain tales must not be told to children due to their content (Lusted, 13). Banning books has its implications on many of its stakeholders including students, parents, teachers, and the government. In many ways, banning books involves the conflicting interests of its various stakeholders thereby motivating the action. Books are banned due to various reasons. DiMarco mentions how one of his colleagues jokingly said that his book should be banned because it contains explicit content such as â€Å"sex, violence, and adult language†, something which would definitely not be seen as suitable for young students to read (368). While many books are banned due to its objectionable content, it should be noted that such actions inhibit greater learning by restricting the transmission of knowledge. In most cases, book banning limits a student’s comprehension of applicable knowledge as it exposes one to only accepted ways of knowledge dissemination. By doing so, students are only introduced to one side of the picture rather than giving them a thorough exposure to the wider picture thereby limiting their view. Book banning has been practiced since a long time and thus, students have been limited to only specific dimensions of knowledge. It is important to understand that any kind of censorship inh ibits

Compare two compay Essay Example | Topics and Well Written Essays - 1000 words - 1

Compare two compay - Essay Example Financial ratios are extremely important when it comes to analyzing a company, Google has generate a lot of revenue in the last few years, here is a look at their financial ratios and how well they have actually been faring. All these ratios clearly show that Google inc is financially very sound and there is nothing to worry about for the company but they have several competitors and can’t afford to rest on their laurels. Employees are more than willing to work for Google because the organization has established itself as one of the best companies in the world, in the year 2007 and 2008 Google was the top company to work for, it is one of the very best companies across the globe, they treat their employees with a lot of respect and they take special efforts to motivate them. All this success is because of their leadership and cross-functional organizational structure. Google employs the rule of â€Å"70-20-10† this means the employees can communicate directly with each other, this much improved communication system has been the key to success. Formal channels are normally avoided by the company to avoid any misunderstandings, the staff is always highly motivated because they have a sense of belief that they can contribute immensely towards the company, this sense of belief keeps them motivated and inspires them to keep performing for the company. Apple has been a revolution, their products have been selling like hot cakes, â€Å"it was earlier reported that company is more stable than the US Government.† (Apple has More Money than the US Government) The products sold by apple are mainly for entertainment, there is a lot of competition in this filed, apple is undoubtedly the present leader but things may change within no time. Dell, Hp and Lenovo give apple a run for its money when it comes to computer hardware. Media player and Windows operating system are the two main rivals of apple

Ethics - Argumentative Essay Example for Free

Ethics Argumentative Essay 1. What is an â€Å"argument† in philosophy? A set of claims one of which, called the conclusion, is said to be supported by the other claims, called the premises. 1. Premise 2. Premise 3. Conclusion 2. What do the terms â€Å"valid† and â€Å"sound† mean? Valid Argument If the premises are true, then it follows necessarily that the conclusion is true, or it is logically impossible for the conclusion to be false. Sound Argument A valid argument that contains only true premises. Soundness = Truth + Validity. 3. Sketch the â€Å"benefits arguments† in favor of harvesting Baby’s Theresa’s organs. Set out the premises and conclusion for Benefits Argument in the Baby Theresa case. The Benefits Argument 1. If we can benefit someone without harming anyone else, we ought to do so. 2. Transplanting the organs would benefit the other children without harming Baby Theresa. 3. Therefore, we ought to transplant her organs. The Argument That We should Not Use People As Means 1. If we use someone only as a means, we do something that is morally wrong. 2. Taking Theresas organs would be using her only as a meas to benefit other children. 3. There fore, it would be morally wrong to take Theresas organs. 4. Sketch the â€Å"we should not use people as means† argument against harvesting Baby Theresa’s organs. Set out the premises and conclusion for The Wrongfulness of Killing Argument in the Baby Theresa case. The Argument From the Wrongfulness of Killing 1. If we harvested Theresas organs, then we would be killing one innocent person to save another. 2. We should not kill one innocent person to save another. 3. Therefore, if we should not harvest Theresas organs. Rachels Assessment *The prohibition against killing is strong, but most people do not think it absolute. Baby Theresa is (1) going to die soon anyway, (2) not conscious, and (3) her organs could help save several other children. Rachels states that we might even regard Baby Theresa as born dead. 5. Sketch the â€Å"Slippery Slope Argument† against killing Tracy Latimer. If one bad thing happens then others will follow after. 1. If we permit any sort of mercy killing, we will have stepped onto a dangerous slippery slope down which we will inevitably slide. 2. The mercy killing of Tracy was permissible. 3. Hence, we have stepped onto a dangerous slippery slope (which will lead to the view that all life is cheap). Objection: Are the causal claims supported by any evidence? In general, it is easy to make dire predictions concerning the future. Consider an analogy: Would gay marriage lead to the disintegration of the family? 6. What does Rachels’s â€Å"minimum conception of morality† consist of? Morality is, at the very least, the effort to guide one’s conduct by reason-while giving equal weight to the interests of each individual affected by one’s decision. Reason and impartiality consist stuff 7. What are five common features of Cultural Relativism? 1. Different societies have different moral codes. 2. (a) The good is determined by society; (b) an act is right if it is allowed by the guiding ideals od the society in which it is performed, and wrong if it forbidden by those ideals. 3. There is no objective standard that can be used to judge one societys code as better than an others. 4. The moral code of our society has no special status. 5. We should adopt an attitude to tolerance. 8. What is the â€Å"Cultural Differences† argument for Cultural Relativism? Does Rachels think it is sound? he thinks it is unsound, 9. If Cultural Relativism is true, then some odd consequences for ethical theory follow. What are they? 10. Does Rachels hold that there are some moral rules that all societies have in common? 11. What are the three traditional divine attributes of monotheism? 12. What is the difference between â€Å"theism†, â€Å"atheism†, and â€Å"agnosticism†? 13. What is the â€Å"problem of evil†? 14. What is the Divine Command theory? 15. What is Socratess question in the Euthyphro? How does it bear on the Divine Command Theory? 16. What are some of the main elements of Natural Law Theory? 17. Raise some objections to Natural Law Theory. 18. What is Ethical Egoism and how does it differ from Psychological Egoism? 19. Define â€Å"altruism†. Why does the Psychological Egoist hold that altruism is not possible? 20. Some object that Ayn Rand’s argument for Ethical Egoism presents us with a â€Å"false dichotomy†. Explain. 21. Why doesn’t Rachels think Ethical Egoism is a fair reflection of common sense morality? 22. What is the Principle Equal Treatment? How does it relate to Ethical Egoism? *There will be some extra-credit questions pertaining to material discussed in lecture.

The Neoclassical Synthesis Hicks Economics Essay

The Neoclassical Synthesis Hicks Economics Essay Those who are strongly wedded to what I shall call the classical theory, will fluctuate, I expect, between a belief that I am quite wrong and a belief that I am saying nothing new. It is for others to determine if either of these or the third alternative is right. (ÃŽÅ ¡eynes, General Theory, p. v) It is usually considered as one of the most important achievements of the Keynesian theory that it explains the consistency of economic equilibrium with the presence of involuntary unemployment. It is, however, not sufficiently recognized that, except in a limiting case to be considered later, this result is due entirely to the assumption of rigid wages and not to the Keynesian liquidity preference. (Modigliani, 1944, p. 65) 11.1 Introduction Many economists, soon after the publication of the General Theory (1936), set out to formulate and, at the same time, to clarify the difficult and often confusing content of the book. Among the first models that were specified was that of John Hicks (1937 and 1983), which was to constitute the backbone of what today came to be known as macroeconomics.  [1]  In his article Hicks sought to express the central propositions of the General Theory in terms of equations and graphs in the effort to illuminate the relation between the theory of effective demand and liquidity preference. Furthermore, Hicks clarified these relations with the aid of two curves the SI and the LL, which later became known as the IS-LM curves. Hickss model became particularly popular in the US through the work of Paul Samuelson (1948) initially and subsequently through Alvin Hansen (1953). These two economists contributed more than anybody else to the popularisation of the Keynesian analysis and way of thought. The IS-LM conceptual apparatus has displayed remarkable longevity and resilience to various critiques and since the late fifties or early sixties continues to be part of the formal education of economists. At the same time, the IS-LM model plays a significant role by virtue of the fact that macroeconomic analyses, regardless of the approach, are cast to a great extent, in terms of the IS-LM representation of the economy. This is not to imply that the IS-LM model is without its problems; on the contrary, many economists expressed scepticism on the validity of the IS-LM as a representation of the General Theory and the way in which the economy works.  [2]   In what follows we present and evaluatse the Hicksian IS-LM model and continue with Keyness reaction to the Hicksian restatement of the General Theory. Next, we introduce Modiglianis version of the Keynesian model and the chapter ends with some concluding remarks. 11.2 Hickss Analysis of IS-LM Hickss analysis focuses on the relation between savings and investment and seeks to establish the simultaneous determination of income and the rate of interest in both the real and monetary economy. According to Keyness analysis in General Theory income constitutes the principal variable in his analysis; nevertheless one would continue to be in the spirit of Keynes by considering the important role of the rate of interest. Thus, Hicks argued that investment (ÃŽâ„ ¢ ) is a function of the rate of interest (i ) and also income (Y). Formally, we write the following function: I=I(i, Y) Similarly, for the saving function (S ), we have: S=S(i, ÃŽÂ ¥) The equilibrium condition is: I=S From the above equality, we derive the following particular functional formalisation, which is called IS and it is defined as the locus of points that determine a relation between the rate of interest and the level of income, when investment and savings are equal to each other. The IS curved is formed in the way we show in Figure 1, where we have the saving and the investment functions for each income level. i i2 i2 i1 I1=S1 I2=S2 I, S Y1 Y2 Y i A A B B I(Y1) I(Y2) S(Y1) S(Y2) IS (a) (b) Figure 1. Equilibrium in the Goods Market and the IS Curve Let us suppose that we are in an initial equilibrium point such as A and let us further suppose that income increases from Y1 to ÃŽÂ ¥2. It follows that the savings and investment schedules-both have positive their first derivatives with respect to income-shift to the right and their intersection at point Î’ determines the new equilibrium point. It is important to stress that the savings function is much more sensitive to variations in income, and therefore it shifts to the right by more than the investment function.  [3]  The two equilibrium points (i1, Y1) and (i2, Y2) are portrayed in Figure 1(b). In a similar fashion, we generate a series of such points, which when connected form the IS curve.  [4]   Hicks furthermore incorporates in his analysis the money market, where the supply of money (M) is exogenously determined, i.e., ÃŽÅ“=ÃŽÅ“0 /P, where ÃŽÅ“0 is the exogenously given nominal money supply and P is the price level. The demand for money depends on income and the rate of interest, i.e., L=L(i, Y). By invoking the balancing condition M=L, we arrive at M0=L(i, Y ) Figure 2 illustrates the equilibrium position in the money market, where the supply of money, for reasons of simplicity and clarity of presentation, is depicted with a vertical line indicating its exogenous character.  [5]  The demand for money, as we know, is inversely related to the rate of interest, a relation whose details have been analysed in the previous chapter. When income increases it follows that much more liquidity is required for the needs of transactions and therefore the interest rate will increase for any given level of money supply. In terms of a graph we have: (a) (b) M=M0/P L1(Y1) L2(Y2) LM Y i i i1 i1 i2 i2 M/P Figure 2. Equilibrium in the Money Market and the LM Curve We observe that with the supply of money given the demand for money for transaction purposes is directly related to income. The crucial question here is that while we refer to the money market the discussion is in terms of the bond market. In particular, we know that the excess demand for any good leads to an increase in its price until excess demand becomes zero and thus we get the equilibrium point. Since in the case of money market the equilibrium interest rate is derived in the market for bonds (see ch. 9), then how can the same interest rate equilibrate the money market? In Keyness analysis it seems that there is an implicit portfolio stock exchange constraint, which can be written as follows: (L M ) + (Bd Bs) = 0 Where Î’ symbolises the bond market, while the superscripts d and s symbolise the demand for and the supply of bonds, respectively. Consequently, we have the total demand for wealth (L + B d) equal to its supply (M + Bs). If we, further, suppose Walrass Law, then the above equality necessarily holds and if the rate of interest brings equilibrium in the market for bonds then on the basis of Walrass Law we conclude that equilibrium will be also established in the money market, that is L = M. As a consequence, we can follow Keynes, who argued that interest rates are determined in the money market. Because of the Walras Law, equilibrium in the bond market and equilibrium in the money market is one and the same. If, for example, i > i*, then Bd > Bs and because of the stock constraint we get L Returning to the above equilibrium relations, we end up with a system of four equations and four unknowns: Y, i, I, S. The equations IS and LM represent the reduced form of the above system of simultaneous equations, whose solution gives the equilibrium income together with the equilibrium interest rate. In the same figure, we present the interest rate that corresponds to the liquidity trap (iLT), where the demand for money is infinitely elastic. Consequently, the LM curve is essentially the solid line. i IS LM Y iLT i* Y* A B S>I M S>I M S M>L I II IV III S M>L Figure 3. Equilibrium in the Market for Goods and Money The intersection of the two curves at point B determines the equilibrium pair of interest rate and income. Any point above the IS curve indicates excess supply of goods and every point below the IS curve indicates excess demand for goods. As for the LM curve, every point to the right indicates excess demand for money and every point left to the LM curve indicates excess supply of money. The intersection of the two curves defines four quadrants, which are portrayed in Figure 3 above and in each quadrant we indicate the excess demand or supply in the goods and money markets. The mechanism that establishes equilibrium in the economy works as follows: let us suppose that for some reason the economy is out of equilibrium at a point on the quadrant II. In such a case, savings exceed investment and thus income has a tendency to decrease, while the demand for money is greater than the supply and the interest rate tends to increase. The changes are expected to lead the economy towards equilib rium at point B. In an analogous way, we can describe the mechanism that restores equilibrium at points in the other quadrants and this is left as an exercise. 11.3 Hicks and Keynes Hickss article was published in 1937, eight months after the publication of the General Theory. Keynes already knew the content of the article since he was among the first that the article was given to for comments before its publication to the Economic Journal. Keynes never disapproved directly and explicitly the presentation in terms of the IS-LM apparatus. Don Patinkin (1922-1995) in a series of articles argues the fact that Keynes never said anything negative for the formalisation of his theory by Hicks and that this ipso facto implies an adoption of this presentation on his part (Patinkin, 1990). If Keynes disagreed then he would have every reason to emphatically express his disagreement. After all Hickss presentation in a sense was provocative, since Keyness General Theory in it was viewed as a special case of the neoclassical true general theory. Post Keynesian economists claim that the fact that Keynes did not exercise a negative critique can be attributed to his idiosyncrasy that would not pay attention to anyones writings which might concern his General Theory. On the other hand, Keynes did not have any reason, to express, at least in the beginning, his strong disagreement to Hickss presentation. It is possible that he did not think that Hickss article would meet the success that it finally met (Put footnote 6 here).  [6]  It is certain that he disagreed with Hickss view as this can be judged by a careful reading of his correspondence with Hicks and from the article that he wrote in the Quarterly Journal of Economics (1937), where he summarised his views. Specifically, he placed special emphasis, once again, on the fact that economies are characterised by uncertainty. Hickss approach, is characteristically different from that of Keyness. We know from Pasinetti (1973) that Keynes followed a sequential analysis starting from the marginal efficiency of capital, and then to the interest rate, to investment and through the investment multiplier to the equilibrium level of income. By contrast, in Hicks, all of the above take place simultaneously, as we show in Figure 3. Furthermore, Hicks in his formulation of the demand for money refers to a single interest rate. In the General Theory, however, we know that Keynes refers to two interest rates, the current and the expected in the long run. Consequently, Keyness analysis is in sharp contrast to Hickss and on top of all we have the issue of uncertainty that permeates the General Theory and is completely absent in Hickss presentation. Another important difference is that Hicks does not refer to the problem of unemployment equilibrium which is so central in Keynes-and really differentiates him from the classics-. Instead, Hicks locates the difference between Keynes and the classics to the interest rate and the issue of whether it increases with investment or not (Barens and Caspari, 1999, p. 219). According to Hicks, in periods of stagnation the interest rate is particularly low and under these circumstances speculators are not willing to hold non-liquid assets; consequently, their demand for money is so high that it absorbs whatever quantity of money is available. Thus, every increase in the supply of money is counterbalanced by a corresponding increase in the demand for money and the rate of interest remains constant. Monetary policy therefore is completely ineffective and it cannot restore the economy to full employment equilibrium. Hicks notes, there are conditions in which the interest-mechanism will not work. The special form in which this appears in the General Theory is the doctrine of a floor to the rate of interest [the liquidity trap] as Sir Dennis Robertson has called it. (Hicks, 1957, p.287) If we suppose that the economy is in the liquidity trap  [7]  , then a monetary policy, regardless of how active it might be, cannot shift the economy beyond the initial equilibrium point. In terms of Figure 4, if the economy is in equilibrium at point A, an expansionary monetary policy will shift the LM curve, for example to the position LM΄, with no consequence what so ever for the initial equilibrium position. LM LM A B C IS IS IS Y i iLT Figure 4. Equilibrium in the Markets for Goods and Money Consequently, Hicks in his model claims that the General Theory is not so general as Mr. Keynes thought, but rather a special case of the neoclassical theory, where the liquidity trap has a prominent position. The truth, however, is that the idea of the liquidity trap is very hard to pin point in the writings of Keynes; of course, there are some sporadic hints in the General Theory, as for example is the following: There is the possibility, for reasons discussed above, that, after the interest rate has fallen to a certain level, liquidity-preference may become virtually absolute in the sense that almost everyone prefers cash to holding a debt which yields so low a rate of interest. In this event the monetary authority would have lost effective control over the rate of interest. But whilst this limiting case might become practically important in future, I know of no example of it hitherto. (Keynes, 1936, p. 207)  [8]   However, Keynes does not discuss this case in any detail so as to claim that this is the hallmark of his theory. What is certain, however, is that the liquidity trap is more Hickss and subsequently Hansens (1953, pp. 122-3) idea rather than Keyness.  [9]  Consequently, the view that the liquidity trap is the essence of Keyness theory is due to the influence that the Hicksian model exerted on macroeconomics and much less to Keynes and his writings. Suppose, now, that for some reason investment increases, and then the increase in the rate of interest follows suit, a result which is consistent with neoclassical theory and with Hickss argument. It is true, that in Keynes the arrow of causality is different from that in neoclassical economics. However, it continues to be true that, under normal conditions, the interest rate increases when investment increases except for the case of the liquidity trap, where only income changes in every change in investment. The trouble, however, with Hickss view is that for Keynes the rate of interest is determined by monetary forces, while in the IS-LM framework the interest rate is determined by real forces. This is an issue that Keynes pointed out in his letter to Hicks. For example we read: From my point of view it is important to insist that my remark is to the effect that an increase in the inducement to invest need not raise the rate of interest. I should agree that, unless the monetary policy is appropriate, it is quite likely to. In this respect I consider that the difference between myself and the classicals lies in the fact that they regard the rate of interest as a no-monetary phenomenon, so that an increase in the inducement to invest would raise the rate of interest irrespective of monetary policy. (Keynes, 1973, p.80) A final point relates to the inclusion of current income in the investment function. Keynes objected to this idea for the reason that income was already included in the definition of the marginal efficiency of capital through the prospective yields. The following quotation from his letter to Hicks, shows that Keynes was not only acquainted with the IS-LM apparatus but also as a modern econometrician argued against the inclusion in the same specification of both income and interest rate. Specifically, Keynes notes: At one time I tried the equations, as you have done, with I in all of them. The objection to this is that it overemphasizes current income. In the case of the inducement to invest, expected income for the period of investment is the relevant variable. This I have attempted to take into account of in the definition of the marginal efficiency of capital. As soon as the prospective yields have been determined, account has been taken of income, actual and expected. But, whilst it may be true that entrepreneurs are over-influenced by present income, far too much stress is laid on the psychological influence, if present income is brought into such prominence. It is of course, all matter of degree. (Keynes, 1973, pp. 80-81). Barens and Caspar (1999) in their discussion of Hicks and Keynes note that while Hicks accepted all of Keyness points he nevertheless insisted in his own formulation for merely pedagogical reasons. 10.4 Modiglianis Synthesis Hickss model does not refer explicitly to the labour market; it is simply confined to demonstrating that there is equilibrium in only two markets that is the market for goods and the market for money. In his model, Hicks explicitly argues that the money wage as well as the general price level are exogenously given. Franco Modigliani (1944) extended Hickss model by including the labour market and the production function. Modigliani argued that the assumption of equilibrium with unemployment cannot be supported on the basis of the liquidity preference theory except for the particular case of the liquidity trap. In general, however, the Keynesian hypothesis can be supported on the assumption of the rigidity in the money wage. For Modigliani, the equilibrium in terms of the IS-LM model implies a pair of interest rate and money income that clears simultaneously the money and good markets. Consequently, we must take into account that the money income (ÃŽÂ ¥ ) is equal to the price level (P ) times the level of the real income (X ). As a result, we may write: Y=PX The level of real income (or output) is a function of the level of employment of labour (ÃŽÂ ). Consequently, we have: X=F(ÃŽÂ ) The level of employment in turn is determined at the point, where the marginal product of labour is equal to wage. Consequently, we have: w=PF-1 (ÃŽÂ ) Up until now we have a system of 7 equations (the three equations above together with the system of 4 simultaneous equations of the IS-LM) with 8 unknowns, that is I, S, i, Y, X, W, P. More specifically, we have the 4 equations of Hickss model: I=I(i, Y) S=S(i, Y) I=S M=L(i, Y) And the three new equations suggested by Modigliani: Y=PX X=F(ÃŽÂ ) w=P F -1(ÃŽÂ ) The system is overdetermined by one equation, the missing equation is the supply of labour. Modigliani in his article invokes Keyness assumption of the given money wage. More specifically, the money wage is given if, and only if, the economy is at a level of output less than full employment. We know that in the neoclassical analysis the supply of labour is a function of the real wage N=F(w/P) so the money wage can be written as w=F-1(N)P Formally, Modigliani stated his condition in the labour market in the following way: w=awo +bPF -1(ÃŽÂ ) Where, a=1, b=0 if ÃŽÂ  a=0, b=1 if ÃŽÂ  = ÃŽÂ f The last equation indicates that if the current employment in the economy is smaller than full employment (ÃŽÂ f ), then Keyness view for the rigidity of money wage holds indeed, that is we have (a=1 and b=0). Money wage is viewed as a datum a result of history or of economic policy or of both (Modigliani, 1944, p. 47). If, however, the economy is at full employment, then the money wage becomes flexible (a=0 and b=1) and the last equation becomes an ordinary supply of labour function. Consequently, the money wage will be determined from the supply of labour at the point of full employment. In Modiglianis presentation we find that the central assumption is the rigidity of the money wage, an assumption which, as with the liquidity trap does not really find any justification in the General Theory, where the nominal wage is being used simply to determine the price level. By contrast, in Modiglianis presentation the nominal wage has another important role to play. This is revealed if we express Modiglianis system of simultaneous equations in terms of wage units or alternatively in terms of labour commanded.  [10]  Thus, we have: investment is given in terms of labour commanded savings is given in terms of labour commanded equilibrium in the goods market equilibrium in the money market income given in terms of labour commanded the production function, which is by definition in real terms the real wage is equal to the marginal product of labour the supply of labour Hence, we have a system of 8 equations and 8 unknowns (I/w, S/w, i, Y/w, ÃŽ, N, w, P ). If, for a moment, we disregard the fourth equation and focus our attention on the remaining 7 equations, we observe that these can determine all the variables but one, that is the money wage. The result is that the supply of money determines the money wage; since this is the only variable that remains to close the system. Such a determination is due to the quantity theory of money. Consequently, Modiglianis system of equations is dichotomised into the real economy-which includes all the equations except the fourth one-and the money economy, that is the equation of equilibrium in the money market. The real economy gives solutions in real terms (7 equations with 7 unknowns, that is I/w, S/w, i, Y/w, X, N, w/P) while the money supply: determines the nominal wage, since the other variables are determined in the real economy. Consequently, the money supply determines the nominal wage and through the real wage it also determines the general price level. Thus, monetary policy may affect real magnitudes in the Keynesian model, contrary to Hickss reasoning according to which the money supply does affect the real economy. Modiglianis analysis leads to the conclusion that flexibility in prices and money wages establishes full employment in the economy. The mechanism that restores full employment works as follows: the existence of unemployment drives down nominal wages and therefore incomes fall. The demand for money for transaction purposes, being directly related to income, falls as well, and with a given supply of money the rate of interest falls as well. From thereon investment increases and the economy moves toward the full employment level of output. Modigliani managed to formalise Keyness argument about the results of the flexibility in money wages. It is important to stress that the pivotal variable in this formalisation of the theory of employment is the idea of inflexibility of money wage. A corollary of this theory is that the role of money is not neutral. For example, the increase in the supply of money affects the price level and reduces the interest rate and thus output and employment are increased. If the nominal wage were perfectly flexible, then moneys role would be neutral since it does not influence the interest rate i, or the liquidity preference L and output remains the same. Consequently, under conditions of a fully flexible nominal wage the increase in the supply of money leads only to an increase in the general price level. Consequently, ÃŽÅ“odigliani concludes that Keyness theory works only in case of inflexibility of the nominal wage. If, however, the money wage is flexible then we derive the usual neoclassical results, where the real economy determines the level of output and employment and the money economy determines the nominal variables of the economy. This does not imply a rejection of Keyness theory; on the contrary, economists accept the idea of inflexibility of the money wage as a stylised fact of modern economies and thus, Keynesian policy is viewed as both theoretically valid and necessary. The problem, however, relates to the theoretical consistency of the Keynesian system that once again became a special case of the general neoclassical model according to which the economy exhibits a sufficient flexibility in prices of commodities and the factors of production. 10.5 Summary and Conclusions In an overall evaluation of the two models we see that they both represent aspects or partial arguments of the General Theory. Nevertheless their major problem in terms of the General Theory is the simultaneity issue and also the treatment of uncertainty. In Hickss article we find an explanation of unemployment and recession as a result of the liquidity trap, which differentiates Keyness theory from the (neo)classical one. In Modigliani, by contrast, the recession is the result of the inflexibility of money wage and not of the lack of effective demand. Commenting on this kind of revision of the General Theory Paul Samuelson in the third edition of his popular text Economics, notes: In recent years 90 per cent of American economists have stopped being Keynesian economists or anti-Keynesian economists. Instead they have worked towards a synthesis of whatever is valuable in older economics and in modern theories of income determination. The result might be called neoclassical economics and is accepted in its broad outlines by all but about 5 per cent of extreme left-wing and right-wing writers. (Samuelson, 1955, p. 212). These efforts to cast Keynesian theory in terms of IS-LM, Samuelson called neoclassical synthesis, since it puts together the neoclassical analysis of investment and savings and the market for labour with the analysis of Keynes about the interaction between the money market and the real level of economic activity. The neoclassical synthesis became the dominant presentation of the General Theory. According to this view, when there is unemployment, then we have Modiglianis supply of labour function with a=1 and b=0, and as a result of the exercise of appropriate monetary and fiscal policy the economy approaches the level of full employment. When the economy approaches the level of output that corresponds to full employment, then once again the neoclassical theory becomes relevant. If our central controls succeed in establishing an aggregate volume of output corresponding to full employment as nearly as is practicable, the classical theory comes into its own again from this point onwards. (Keynes, 1936, p. 378) In general, economists of the neoclassical synthesis argue that although the economy returns to full employment through the price mechanism, nevertheless this is a long run process. Consequently, for immediate results active fiscal and monetary policies are necessary. Modiglianis ideas, which became the foundation of the neoclassical synthesis, and which essentially constitute a Marshallian partial equilibrium approach, became the object of criticism from Walrasian authors. They posited the following question: how is it possible to have equilibrium in all the markets but one? The protagonists of this critique of the neoclassical synthesis are Alex Lejonhufvund and Robert Clower, whose contributions we discuss in the next chapter. Other criticisms included the phenomena of unemployment and later of the stagflation in the late sixties or seventies. Some economists, the monetarists for example, tried to fix the weaknesses of the model and others such as the New Classical economists claimed that the premises on which the IS-LM framework is based are dubious, while New Keynesian economists in the 1980s revived the old Keynesian models by injecting realism and by basing them on microeconomic foundations which simply were not used in the initial models. Whatever happens to the current macroeconomic debates and the various criticisms launched against the IS-LM models, one thing is certain, that these will continue to be part of the formal education of future generations of economists. Questions for Discussion and Thought Write down the Hicksian system of equations. Draw a graph with the IS-LM system of equations and assuming a disequilibrium situation describe the dynamics of attaining equilibrium. To what extend does Hickss model represent Keyness General Theory? What was Keyness reaction to Hickss IS-LM representation of the General Theory? Discuss Modiglianis Neoclassical Synthesis. To what extent does his model differ from Keyness? What are the major similarities and differences between Hickss and Modiglianis models? Critically evaluate the following statement: I will assume all markets with the sole exception of the labour market are in equilibrium. Notes on Further Reading Hickss (1936) article is easy to follow, but the exposition of ideas (not visions) is really dry. The reader discerns an effort on the part of Hicks to express Keyness ideas in terms of equations and graphs without, however, the proper textual documentation. As we have mentioned, at the time that Hicks presented his article in the econometric society meeting at Oxford, two other related papers were presented in the same meeting by Meade and Harrod. Darity and Young (1995) present the details of these three articles a

Korean Buddhism :: Religion Korea Religious Essays

Korean Buddhism Buddhism was first brought from China to the Korean peninsula in the year 372 CE. At this time the dominant and traditional religion was Shamanism. While Shamanism was the belief in animism and nature-spirit worship, Buddhism expressed the idea that human beings as well as nature possess spirits and should be included in the rites of worship. This had no conflict with Shamanism and so it was easily adapted. The early elementary forms of Buddhism believed primarily in cause and effect related to the path of happiness (Buddhapia). More recent applications of Buddhist monks’ time goes to solving conflicts within different sects of Buddhism or among other religions. They also devote a great deal of time to solving doctrinal inconsistencies (Charles Muller). More traditionally a basic concept of Buddhism is that of interpenetration (t’ung) in which one must move along a path that has already been opened and just needs to be traversed. This is especially relevant in that of a sage’s mind capable of â€Å"penetrating† (understanding) the principles of things. Penetration as Charles Muller says, â€Å"Is a basic underpinning of both the Great Learning and the Doctrine of the Mean, in both of which the inner and outer aspects of the person are understood to penetrate each other such that quality of the person's inner mind is always discernible in his outer appearance†. Other important aspects of Korean Buddhism are individuality, mental foundation and ideology, philosophical reformation movement, and the pursuit of harmonization and unification. Individuality is found all throughout the Buddhist culture where there are many different approaches to meditation, studying sutras and chanting. Buddhist ideology assisted in the foundation of many aspects of Korean culture including socio-political issues. Korean Buddhists devoted their thought to philosophical reformation in the overcoming of fixed concepts. Buddhism developed different levels as each one reached its level of conceptual development. A Buddhist’s final stage comes when their teacher sees that they are fit and sends them off to become a full member of the monastic community in which they will have five days of training and lectures before the actual ceremony (Buddhapia).

DYSTHYMIC DISORDER Essay examples -- essays research papers

DYSTHYMIC DISORDER & BRIEF THERAPY DEPRESSION  Mild, chronic depression has probably existed as long as the human condition, although it has been referred to by various different names. The DSM-III replaced the term â€Å"neurotic depression† with dysthymic disorder--which literally means ‘ill-humored’-and it was added to the Diagnostic and Statistical Manual of Mental Disorders, 1980  Dysthymic disorder, also called dysthymia, is a type of depression involving long-term chronic symptoms that do not disable an individual, but keep them from functional at full steam or from feeling good.  Despite the long-term nature of this type of depression, psychotherapy is effective in reducing the symptoms of depression, and assisting the person in managing his/her life better. SIGNS AND SYMPTOMS  Characterized by a chronic course (i.e., seldom without symptoms), with lowered mood tone and arrange of other symptoms that may include feelings of inadequacy, loss of self-esteem, or self-deprecation; feelings of hopelessness or despair; feelings of guilt, brooding about past events, or self-pity; low energy and chronic tiredness; being less active or talkative than usual; poor concentration and indecisiveness; and inability to enjoy pleasurable activities. IDENTIFYING DYSTHYMIC DISORDER  Negative thoughts and thinking are characteristic of depression. Pessimism, poor self-esteem, excessive guilt, and self-criticism are all common. ...

Global warming & world Essay

The debate on the cause and effects of global warming has remained a controversy across the political, economic, and academic fronts of the human population. Some opponents of the phenomenon claim that changes in the world climate have been in existence since time immemorial (Kluger). Proponents on the other side assert that mankind activities are to be blamed for the unpredictable climate changes experienced in the modern global community (Kluger). According to available scientific evidence, global warming is the gradual increase in temperatures of the earth’s atmosphere near its surface (Gore 2). Such have been closely attributed to emission of greenhouse gases particularly carbon dioxide into the atmosphere. Among the common cited effects of global warming is the evident reduction in mountain ice and glaciers reserves in the world polar region and high mountain peaks (Hudson). This has been blamed for the expansion or rise of sea water levels, a fact that threatens the submergence of low lying coastal islands across the globe (Hudson). Another effect of global warming is occurrence of unpredictable weather patters such as very strong winds and rain storms across the globe, as well as prolonged droughts (Gore 3). Global warming has also been established to be a driving force behind the spreading of diseases as well as cropping of new diseases in the world. This essay is written as a critical discussion on the causes and effects of global warming. Global warming is caused by a combination of natural and artificial causes. According to scientists, global warming is caused by increased concentration of greenhouse gases, such as Carbon Dioxide in the atmosphere. These gases trap heat reflected form the earth’s surface and concentrate it in the atmosphere, thus raising temperatures (Pierce 12). Shrinking of the ozone layer found on the stratosphere also contributed to global warming. Just to note, ozone layer is responsible for absorbing the ultraviolet radiations from the sun. Therefore, the shrinking of this layer leads to an increase in the amount of ultraviolet radiations reaching the surface of the earth, a factor that serves to increase the temperature of the earth (Gore 3). The shrinking of the ozone layer is caused by increased emission of greenhouse gases into the atmosphere. From scientific evidence, greenhouse gases in the atmosphere react with the oxygen, which makes the ozone layer, thus reducing its surface area. Some of the natural causes of global warming include decaying of dead matter and volcanic activities (Pierce 47). These two natural activities are closely attributed with production of carbon dioxide, water vapor, ozone, and methane, all of which are greenhouse gases into the atmosphere. It is worth noting that of the naturally occurring greenhouse gases, water vapor has the highest greenhouse effects (Pierce 49). Nevertheless, substantial research evidence has indicated that the effects of natural factors to global warming are negligible. This has been associated with the fact that prior to the intensification of industrialization practices by mankind, the problem of global warming was never felt in the world. Mankind has been blamed for causing global warming through his industrialization practices and other practices such as deforestation (Revkin). The most commonly cited greenhouse gas is carbon dioxide. According to available statistics, industries across the globe produce an estimated over 25 billion metric tons annually of carbon dioxide into the atmosphere. Such amounts are approximated to be more than 50 times the rate of carbon dioxide gas emission caused by natural sources. This high amounts of carbon dioxide emitted into the atmosphere by industries are attributed to the fact that the industrial sector is mainly powered by energy got from the burning of fossil fuels (Hudson). Still, the increased level of reduction in the world forest cover, which functions to get rid of carbon dioxide from the air, is found to aid in the high amounts of carbon dioxide gas released into the atmosphere (Gore 8). Another common greenhouse gas produced by mankind is methane. According to available statistical evidence, the production of methane has increased by about 150% since 1750s (Michaels 71). Other greenhouse gases produced by mankind activities are nitrous oxide, ozone, and chlorofluorocarbons. As an explanation, such gas are found to have a longer reaction cycle life span compared to the most common natural greenhouse gas, water vapor. This makes them more disastrous to the ozone layer. There are numerous effects of global warming. According to available research information, the temperature of the earth surface has increased by between 0. 13 and 0. 22  °C since 1975 (Gore 13). Global warming has led to evident reduction in the world polar and mountain ice and glacier reserves. True to the letter, the levels of ice cover in the world have significantly reduced (Gore 2). The Arctic shrinkage rate in the current time is identified as the highest since the history of mankind. This melting of ice and glacier reserves has led to the rise in sea water levels. Evidence from a recent research indicates that the increasing expanding of sea waters threatens the submerging of islands in the coastal regions (Kluger). Another effect of global warming is the constant flooding witnessed along the coastal region across the global (Michaels 67). Increased earth and ocean temperatures have resulted into increased rate of evaporation of water vapor from the seas into the atmosphere. Just to be appreciated is the fact that such water vapor condenses in the atmosphere to produce conventional type of rainfall along the coastal regions. Still, it is worth noting that due to the high temperatures caused by global warming the rate of water evaporation is quite high. Such is the reason for the common occurrence of flood rains in the coastal regions. Destructive wind and rain storms as well as heat waves are also effects of global warming (Gore 14). From scientific principles, wind is caused by expansion of air. Also, wind is responsible for the transferring of water favor from region to region, thus influencing rain patterns. The world has been marked with unpredictable and destructive winds. This has been closely attributed to the increase in the temperatures of the earth surface which result into expansion of air. It is these strong winds which transfer water vapor from region to region, a factor that compromises the predictability of weather patterns. A good example of this effect is the hurricane Katrina storm in America which killed numerous Americans and destroyed property worth billions on the southern region of the United States of America. Another example is the Greece heat waves which have resulted into lose of life and property (Revkin). These unpredictable climate conditions are to be blamed for the problem of food insecurity affecting the global community. Lastly, global warming has led to increased spreading of diseases across the globe (Michaels 98). Unlike during the past, diseases are no longer region specific. Such have been closely attributed to the changing of weather conditions of the different parts of the world as well as the action of wind in transporting the diseases across climatic regions. Still, the world is witnessing an increase in the number of skin cancer diseases (Kluger). This has been associated with the increased level of ultraviolet radiation reaching the earth surface due to global warming. Global warming is also blamed for increased tolerance of diseases to treatment. In conclusion, global warming is a real threat to the sustainable social and economic development of the human community. It is the reason behind food insecurity in the globe and a threat to life and property (Revkin). Another effective of global warming is that it has led to reduction in the level of ice and glaciers reserves in the world. Since the main cause of global warming has been associated with man’s activities such as industrialization and deforestation, there is need for devotion of global efforts towards the adoption of environment friendly production processes. References Gore, Albert. An Inconvenient Truth: The Planetary Emergency of Global Warming and What We Can Do About It. New York: Rodale, 2006. Hudson, Paul. â€Å"What Happened to Global Warming? † What Happened to Global Warming? 9 Oct. 2009. 19 Mar. 2010. Kluger, Jeffrey. â€Å"Global Warming Heats Up. † Global Warming Heats Up. 26 Mar. 2006. 19 Mar. 2010. Michaels, Patrick. Meltdown: The predictable distortion of Global Warming by Scientists, Politicians, and the Media. New York: Cato institute, 2004. Pierce, Richard. Energy Independence and Global Warming. Environmental Law 37 (2007): 112-201. Revkin, Andrew. â€Å"A Shift in the Debate Over Global Warming. † A Shift in the Debate Over Global Warming. 6 Apr. 2008. 19 Mar. 2010.