Tuesday, May 12, 2020
Global Warming Essay examples - 1773 Words
Global Warming: ââ¬Å"Itââ¬â¢s gettinââ¬â¢ hot in here, so take off all your clothesâ⬠¦Ã¢â¬ The famous words of RB star, Nelly, are truer than one might think. It really is getting hot in here. The worldââ¬â¢s average temperature is rising every year and is expected to be 5 to 10 degrees higher by the end of the century, which is faster than they have increased in the last ten millennia, according to the National Resource Defense Councilââ¬â¢s website. But why is this epidemic happening? As the Defense Council states, global warming is caused by carbon dioxide and other types of heat trapping pollution that are collecting like a blanket in the atmosphere, trapping heat from the earth as it tries to radiate back into space. As a result, the planetâ⬠¦show more contentâ⬠¦This trend will even be noticeable the next few decades. It is essential to following generations comfort that this trend stops now because, according to author Kathryn Schulz, Chicago will start to fee l a lot like southern Missouri in this lifetime. For instance, the Qori Kalis glacier in Peru is shrinking at a rate of 200 meters per year, 40 times faster that in 1978. Ice is disappearing from the Arctic Ocean and Greenland, spring is starting sooner in 200 other countries, and animals are moving to cooler areas (Carey Shapiro, 2004). Ecologist Christopher Field of the Carnegie Institution states, ââ¬Å"â⬠¦Even the most modest warming today is having large effects on ecosystems. The most compelling impact is the 10% decreasing yield of corn in the Midwest per degree of warming,â⬠(Carey and Shapiro, 2004). Moreover, robins, traditional indications of spring, have been showing up earlier and earlier at the Rocky Mountain Biological Laboratory in Colorado. The birdââ¬â¢s change in arrival time relates with increasingly warm spring temperatures in the area. In addition, many of the woody plants of Bostonââ¬â¢s Arnold Arboretum are blooming earlier every few years. In a study conducted at the Arboretum, from 1980-2002 plants flowered eight days earlier than they did from 1900 to 1920. ââ¬Å"What the study is showing is that plants are very responsive to global warming,â⬠says biologist Richard Primack. ââ¬Å"And the global warming we areShow MoreRelatedGlobal Warming And The Warming1544 Words à |à 7 PagesGlobal warming has become a well conversed topic among scientists and peoples in the world today. There are extremists who do everything possible to stop contributing to the warming, but the average person does little to alleviate the issue and in many cases refuses to ack nowledge that there is a problem at all. Dating back to millions of years ago, even before humanity was born, the world has always experienced one form or another of warming; so the warming seen today is not as bizarre as many mayRead MoreGlobal Warming And The Warming1353 Words à |à 6 PagesGlobal Warming With it being the presidential election season the talk of global warming, also known as climate change has come up in conversation more. But should it be associated with whether you are republican or democrat? Global warming should not be rather you ââ¬Å"believeâ⬠in because it is a stated fact. The definition by Oxford Dictionary declares that global warming is a gradual increase in the overall temperature of the earth s atmosphere generally attributed to the greenhouse effect causedRead MoreThe Warming And Global Warming1442 Words à |à 6 PagesThe Warming World Around Us The world is warming and we cannot deny it, the longer we deny the larger the problem it will become. Global warming is affecting the world economy, the overall health of the population, and most importantly the environment that surrounds us. Ignoring this problem will not just make it suddenly disappear; the world has to make an effort to stop it while it can still be maintained. Accepting the fact that it is happening is just the first step, the next step is takingRead MoreGlobal Warming1677 Words à |à 7 PagesThrough the eyes of most scientists, global warming is seen as a very serious and severe threat. The actions taken by humans, such as industry and consumption of fossil fuels plus the increase in population and agriculture have played a big part in global warming. If something is not done soon the results could be very bad. By the middle of the twenty first century, there is evidence that the Earth will be warmer than it has been at any time in human history, and quite possibly since theRead MoreGlobal Warming1410 Words à |à 6 PagesGlobal warming was first mentioned by ââ¬ËSvante August Arrhenius in 1896ââ¬â¢, but in ââ¬Ë1753, Joseph Black discovered carbon dioxideââ¬â¢ and in ââ¬Ë1827, Jean-Batiste Fourier suggested that atmospheric effect kept the earth warmer than it would otherwise beââ¬â¢, (Direct.gov. n.d. A history of climate change). Since this time, reports, and study have be done with graphs to show the impact of global warming and what could happen to our planet. In 1979, the first conference was held this was called ââ¬ËInternational climateRead MoreGlobal Warming1245 Words à |à 5 PagesGlobal Warming The major threat of todayââ¬â¢s world is global warming. Due to various reasons global warming turns out to be a serious issue in the last few years. Today people believe in global warming while this concept was not so much believed and people interpreted in some other meanings what was happening in the past. Global warming is amplification in the temperature of earth because of industrial pollution, fossil fuels, and agricultural practices caused by human being, other and natural gasRead MoreGlobal Warming1316 Words à |à 6 PagesControversy over Global Warming One of the largest argued topics in our world today is over global warming. People argue that is real, and others argue that it is fake. The effects of global warming create a growing danger for the ecosystem we live in by damaging glaciers and weather patterns. Humans contribute to global warming yet non-believers will think otherwise. Global warming is the greatest challenge facing our planet. According to the IPCC (Intergovernmental Panel of Climate Change) mostRead Moreglobal warming1539 Words à |à 7 Pagesof global climate over long periods of time. Climate model projections made by the US Intergovernmental Panel on Climate Change (IPCC) show that, recently, global temperature has increased. This increase in temperature is referred to as global warming. One of the main causes of global warming is greenhouse gases. Greenhouse gases are gases in the atmosphere that absorb solar radiation to keep the planet warm. These gases have increased, so more solar radiation is trapped ins ide raising global temperaturesRead MoreGlobal Warming1050 Words à |à 5 PagesTake a position: Global warming is a real problem. 1000 word Essay. Using persuasive technique Global warming is the increase in the average temperature of Earthââ¬â¢s surface. Since the late 1800ââ¬â¢s, the global average temperature has increased about 0.7 to 1.4 degrees F (0.4 to 0.8degree C). Climate change is happening and its effects are real. However, the larger the change in climate, the more negative the consequences will become. Global warming will make life harder for mostRead MoreGlobal Warming1192 Words à |à 5 PagesGlobal Warming Essay Global warming is an important issue for humans to consider and science to figure out. Personally I donââ¬â¢t care very much about global warming and have never been active in green movements. The evidence presented in this class is very informative and useful when taking into account the numerous known and unknown causes and cures for global warming. However, my attitude towards global warming is unchanged. According to the Common Attitudes Toward Global Warming handout I think
Wednesday, May 6, 2020
China Export Strategy Free Essays
string(34) " between the center and province\." Chinaââ¬â¢s Export Strategy: What Can We Learn From It? Arvind Panagariya As much as by luck as by design, China stumbled onto an export and foreign investment strategy that has proved remarkably successful, helping the economy move quickly to a market-based system. experience serve as a model for other countries? But can the Chinese After three decades of inward-oriented trade and foreign investment policies, in 1979, China switched course and launched an ââ¬Å"open-doorâ⬠policy. During the 15 years that have elapsed since then, the country has ersistently, albeit gradually, liberalized its trade and foreign investment regime. We will write a custom essay sample on China Export Strategy or any similar topic only for you Order Now This has been accompanied by a spectacular growth in GDP and During 1980-90, GDP grew annually at an impressive rate of Over the same period, exports grew at an annual rate of 11 foreign trade. 9. 5 percent. percentââ¬âmore than twice as fast as world tradeââ¬âand imports 9. 8 percent. More recently, in 1992 and 1993, GDP has shown annual growth rates exceeding 13 percent. The annual growth in exports and imports during these two years has been 13 percent and 27 percent, respectively. What are the key trade and foreign investment policies that have led to this dramatic growth in Chinaââ¬â¢s foreign trade and GDP? And what lessons can we derive from Chinaââ¬â¢s experience for other economies in transition? (see box)? In the following, we examine the nature of reforms and why they worked well or poorly in particular cases. Though this study focuses on external economic policies, it is important to remember that the promotion of non-state enterprises has closely complemented Chinaââ¬â¢s outward-oriented ââ¬â 2 strategy. These enterprises, owned collectively by local authorities in urban areas, townships or villages, enjoy a high degree of autonomy in their operations. Consequently, they have been most successful in taking advantage of the outward-oriented strategy. Promoting an ââ¬Å"export cultureâ⬠On the external front, three factors combined to give rise to Chinaââ¬â¢s success: adoption of an aggressive pro-export strategy by central authorities, active participation of local authorities and the presence of Hong Kong and Taiwanese investors looking for a source of cheap labor. With he beginning of the open-door policy, the central authorities began sending clear signals in favor of an export-oriented trade regime. A variety of instruments were employed to promote what may be called an ââ¬Å"export cultureâ⬠: geographical targeting, sectoral targeting, a liberal foreign investment regime, and liberal provision of export financing. Geographical targeting. China set up the so-called Special Economic Zones (SEZs) and Open Cities within which economic activitiesââ¬â manufacturing, banking, exporting and importing, and foreign investment-took place in a more liberal environment than is available in the rest of the economy. These zones helped to serve as focal points for investment from both domestic and foreign sources and to allow China to develop links with the world market, brought in part, by Hong Kong and Taiwanese entrepreneurs. Originally there were only a handful of such zones, all in Guangdong and Fujian provinces. Over time, many features of SEZs were extended to other cities. Two features of SEZs distinguish them from the rest of the country. First, the SEZs enjoy considerable administrative autonomy in the ââ¬â 3 areas of investment, pricing, taxation, housing, and labor and land management policies. require virtually no Most foreign investments can be approved locally and central clearance. Second, the SEZs offer many The economic incentives to investors not available in the inland provinces. corporate income tax, normally 33 percent for foreign funded enterprises and 55 percent for state owned enterprises, is 15 percent for all enterprises in the SEZs. All imported inputs used in exports or sold within the Zones are In addition, tax holidays free of import duty and other indirect taxes. available to foreign funded enterprises are more generous in the SEZs than those available under the national tax legislation. Depending on the amount of investment, nature of the technology, and duration of the project, tax holidays of up to five years are available. The SEZs and open cities exhibited spectacular economic performance. In 1979, the three SEZs in Guangdong were small fishing villages with virtually no industrial activity. transformed into modern cities. By the end of 1980s, they had been In 1990, the SEZs and open cities accounted for 52% of total realized investment and more than half of total exports. During 1985-90, industrial output in Guangdong and Fujian grew at annual rates of 16% and 14. % compared with 6. 9% in the rest of the economy. Sectoral targeting. Side by side with geographical targeting, China has also engaged in sectoral targeting for exports. Targeted sectors, chosen at a broad level, have included light industrial products, textiles, and machinery and electronic goods. The most important instruments of targeting were production networks for exports (PNEs) and higher excha nge retention rights to targeted sectors. ââ¬â 4 The Seventh Five Year Plan (1986-90) provided for the creation of PNEs. The idea was to bring the leading factories within the targeted ector into a network and support them through subsidies for technological upgrading, guaranteed supplies of raw materials and power, preferential access to transportation, attractive purchase prices for their goods, and higher exchange-retention rights than other enterprises in the same industry. The aim of the networks was to expand both the quailty and quantity of exports of the participating factories. The first industry group to benefit from this scheme was machinery and electronic goods. PNEs have also been created in light industrial products and textiles, and farm and sideline products. Rights to foreign exchange generated by exports are shared between the central and provincial governments. For targeted sectors, the allocation of retention rights was more favorable to the province and the foreign trade corporations (FTCs), which procure and export more than 80 percent of Chinaââ¬â¢s exports. In the case of light industries, arts craft, and knitwear, foreign exchange was divided in the ratio of 20:80 between the center and province. You read "China Export Strategy" in category "Papers" Similarly, in machinery and electronic goods, for within-quota exports, the split between the center and provinces was 35:65. Though the retention rights have been revised recently, the bias in favor of FTCs has been retained. From the available data, it is difficult to judge the impact of sectoral targeting primarily because it was broad based. textiles and light industrial products in total exports The share of did expand significantly after 1985. But the effect on machinery sector is less clear. ââ¬â 5 Overall, one thing which is clear, however, is that the export share of labor intensive sector has gone up in the latter half of 1980s. export shares of heavy and light industries were 47. % In 1982, 37. 6%, and respectively, in 1982. 52. 9%. By 1989, these shares had changed to 31. 9% and Liberal foreign investment regime. Chinaââ¬â¢s striking export performance is related to the size of foreign direct investment flows into the country (see table). Foreign investors have been lured to the Chinese market for three reasons. First, both policies and procedures have been designed to facilitate foreign investment. A 25 percent foreign investment gives an enterprise the At status of a joint venture and qualifies it for various tax incentives. he same time, foreign equity investment can rise all the way up to 100 percent. Restrictions on the choice of sectors are minimal; any preferences, sectoral or otherwise, take the form of extra incentives. As a result, joint ventures have been established in sectors ranging from hightechnology to consumer goods, services, and raw materials. lower or upper limit on the amount of foreign investment. There is no In large open cities such as Shanghai, foreign investment projects up to $30 million can be approved by local authorities. The limit in smaller open cities is $10 This autonomy has illion while that in unopened cities is $3 million. greatly simplified the approval procedures. Second, employment, wage and pricing policies for joint ventures are flexible. contractual Joint ventures are free to employ any required personnel on a basis. Emplo yees are subject to warnings, wage cuts and ââ¬â 6 dismissal. Except for a few product categories for which prices are set by the state, joint ventures are free to set their prices both domestically and abroad. Products or services for which prices are fixed are of two types. In the first category, prices are completely fixed (e. . , products such as grain, oil, and fuel; and services such as electricity and rent). In the second category, prices are allowed to fluctuate within prespecified bands usually ranging from 10 to 30 percent (e. g. , steel, cement, timber, coal and other major capital goods). Finally, China has given extra incentives to joint ventures. As already discussed, these incentives are particularly generous in the SEZs and open cities. Since 1986, additional preferential treatment has been The available to export-oriented or technologically advanced projects. ncentives include: o Exemption from state subsidies paid to employees to cover the benefits provided by the government of China; o Priority in obtaining Bank of China loans; o Tax exemption on profits remitted abroad; o Longer tax holidays from corporate income tax; o Extra tax benefits on profits reinvested in export-oriented or technologically advanced projects; and o Further reduced land-use fees, priority in obtaining utilities, transport, and communication facilities. Duty exemptions. China has also instituted an elaborate system of Under these schemes, uty exemptions on imported inputs used in exports. the concessional share of imports was 35 percent in 1988 and rose to 50 ââ¬â 7 percent in 1991. played an The schemes, introduced in 1984 or later, seem to have role in expanding Chinaââ¬â¢s exports. Total exports important associated with concessional import arrangements account for 64 percent of Chinaââ¬â¢s manufactured exports. These exports doubled between 1988 and 1991. The domestic value added of these exports is, of course, lower than of other exports. Export fina ncing. Ready access to export credits is believed to ontribute favorably to export performance. The Bank of China, which is the primary bank dealing in foreign exchange, provides trade credits. Credit, offered in domestic currency, is available for working capital as well as fixed investment for the production of exports and import substitutes. main beneficiaries of these credits are FTCs. of total trade credits in 1991. The They accounted for 85 percent The Bank of China also offers loans in terms of foreign exchange, primarily to enterprises in which foreigners have invested, for working capital and fixed investment. Though contributing favorably to exports, the liberal credit policy has led to a rapid expansion of outstanding loans. The total volume of outstanding trade loans at the end of 1991 was more than three time that at the end of 1985. In part, this expansion was due to the growth of exports. But perhaps it also reflects a rising ratio of export credit to total exports. According to one calculation, this ratio was 150 percent in 1988. The Hong Kong connection A key element in Chinaââ¬â¢s success in the world markets so-called ââ¬Å"Hong Kong connectionâ⬠. as been the In the mid-1980s, Hong Kong entrepreneurs began shifting manufacturing facilities to China, attracted by lower labor ââ¬â 8 costs as wages rose rapidly at home. This link with Hong Kong has not only brought much needed capital to China but also supplied new technology, modern management practices and critical links to the world market. Today more than half of Chinaââ¬â¢s exports to the rest of the world are h andled by Hong Kong. Of the $45 billion in cumulative foreign investment commitments to China through 1992, 70 percent came from Hong Kong. This investment went mainly to export-oriented joint ventures. A large proportion of Guangdongââ¬â¢s export production is supervised under contract by firms in Hong Kong. Processing activity for exports in Guangdong is also carried out largely in collaboration with partners in Hong Kong who supply materials. Many items, particularly in the toy and clothing sectors, which were previously exported by Hong Kong are now exported by Guangdong. Local policies Chinaââ¬â¢s economic system is highly decentralized now and the implementation of policy is largely under the control of provinces. Hence, in the fast-growing provinces, provincial and local officials have been deeply involved in the development process in general and export promotion in particular. The role of local authorities in facilitating foreign investment has been described earlier. In addition, there are a number of ways in which local authorities promote exports. First, the center gives mandatory targets or export quotas for only a limited number of items or in limited volumes. But in some provinces, for Moreover, example Jiangsu, the export-quota-system is far more elaborate. aking advantage of their monopsony power, FTCs are able to buy goods from enterprises at prices well below the corresponding domestic prices. Though ââ¬â 9 the economic desirability of ââ¬Å"exports at any costâ⬠has been questioned, the FTCs have certainly been able to operate profitably on account of the monopsony power. Second, operating within the centerââ¬â¢s guidelines, provincial authorities have been expanding Direct Export Rights (DERs) to enterprises. Because the criteria for obtaining such rights are stringent, the DERs have not expanded as rapidly as would have been desirable, however. ith DERs account for only 5% of Chinaââ¬â¢s exports. Third, within the Stateââ¬â¢s guidelines, provincial and city governments decide the allocation of raw materials imported by using locally retained foreign exchange earnings among enterprises, collectives and TVEs and across different sectors. Provinces and cities also provide indirect export Enterprises subsidies through the provision of critical inputs such as electric power to export oriented enterprises. higher bonuses for Further incentives are provided in the form of and employees on the basis of export managers erformance. Within the guidelines laid down by the State, provinces can confer rights to trade directly upon enterprises and enterprise groups. Finally, local authorities establish joint ventures between FTCs and enterprises to pr omote exports. established 160 of these ventures. establish another 200 such ventures. The central lesson Perhaps the most important lesson, also consistent with the experience of other East Asian countries such as Korea, Taiwan Province of China, During the Seventh Plan, Wuxi City alone In the Eighth Plan, the city intended to 10 Singapore and now Thailand, is that the key to high GDP growth rates is export orientation and eventual success in the world market. The success in export expansion, in turn, depends on the policy package, which conveys a message in no uncertain terms that, rather than shelter import competing industries, the country will give priority to export oriented activities. China benefitted greatly from the clarity of signals sent by its policy reforms. Once the reform process began, there was rarely any doubt Despite occasional policy reversals, provincial and about its direction. ity governments, which implemented policies and enterprises, both state and nonstat e, were convinced that the country was headed towards an export oriented regime. geographical In terms of static efficiency, virtually all policies-preferential treatment of foreign investment in targeting, general and in export sectors in particular, and discriminatory exchange retention rightsââ¬âwere highly distortionary. Yet, they combined to give a loud and clear signal that the government was determined to change the economyââ¬â¢s orientation away from import substitution to export promotion. ââ¬â 11 ââ¬â Box Can India benefit from Chinaââ¬â¢s experience? Operationally, the Chinese model is not very applicable to the economies of Eastern Europe or the former Soviet Union. These countries have largely rejected the planning model, which has remained an integral part of the Chinese development strategy. The countries in Eastern Europe The have already evolved far closer to the market model than China. countries emerging out of the former Soviet Union, on the other hand, are still struggling with the problem of macroeconomic stabilization. The country for which the Chinese experience is most relevant is India. Both are highly populous and, by developing-country standards, large economies. They began their development process approximately at the same time and stressed self-reliance. Both relied increasingly heavily on import substitution policies and ended up with a highly capital intensive production structure. China changed course in 1979 while India continued (with modest liberalization) on the old course. In 1991, in many ways, India stood where China stood in 1979. Chinaââ¬â¢s in 1979. Import and The trade-to-GDP ratio was the same as controls were rampant and the investment domestic currency was overvalued. Despite these similarities, even in Indiaââ¬â¢s case, lessons from China are limited. In addition to the obvious differences in political systems which lead to very different political-economy processes in the two countries, there are three reasons for this. has been highly interventionist. been in China and elsewhere in First, the Chinese approach This approach can be successfulââ¬âas it has East Asiaââ¬âprovided the government can ââ¬â 12 implement ââ¬Å"rightâ⬠interventions judiciously. Indiaââ¬â¢s experience during the Second, Indiaââ¬â¢s last four decades in this respect has not been encouraging. conomy has already evolved far closer to a market economy than that of China. have For instance, export targets and foreign exchange contracts, which helped create a pro-exports ethos in China are neither arguably desirable nor feasible in India. greater role in India than in China. Similarly, private sector plays a far Finally, India has already carried out For example, in the area of many reforms that China is still contemplating. exchange rate, China has a multiple exchange rate system and its exchange market is not organized along the lines of market economies. India has chieved virtual current account convertibility and its foreign exchange market is organized along modern lines. Of the lessons that have general relevance to India, the following points would seem to be the most pertinent. o First, creating a liberal and flexible economic environment along the lines of SEZs in China would stimulate greater foreign investment. The country can begin with a small number of citiesââ¬âe. g. , Bombay, Bangalore, Cochin, and Madrasââ¬âand, as in China, local governments may be given full authority to approve foreign investment up to a certain limit. Most important, rules of entry and exit in the zones can be made more flexible. Because these zones will be introduced in limited areas with a high growth potential, political consensus may be easier, even if this requires new legislation. Eventual success in the open zones may open the way for Currently, India does have export political consensus on a wider scale. processing zones. But the geographical area over which such zones operate ââ¬â 13 is far too limited to allow for the full play of liberal policies and make them focal points of investment activity. Second, provision of infrastructure facilities through active In participation of local authorities in the reform process is critical. the fast growing provinces in China, local authoritiesââ¬âespecially mayors of the citiesââ¬âhave been deeply involved in the process of development. They try to ensure that investors get speedy clearance with respect to land use, supply of electricity, water and other facilities. In India, so far, it seems that the enthusiasm for reforms has not filtered to state governments and the center may well have to take a lead in this regard, offering both carrot and stick. All incentives and reforms at the central level can be rendered ineffective if the state and local authorities, which must provide land, power, communications facilities, and environmental clearance, do not cooperate. There is an urgent need to study caefully how such bottlenecks can be removed. o Third, there is a need for a shift in the production structure towards more labor intensive industries. The share of capital goods imports in total imports is rather small in India when compared with China and other fast-growing countries in East Asia. This, combined with the fact that Indiaââ¬â¢s import-to-GDP ratio is small, suggests that India is far more deeply into the production of capital goods than China and other comparator countries. In late 1970s and early 1980s, China also suffered from this problem and adopted policies to change the structure of production in favor of labor intensive goods. An important part of this strategy was targeting of a few ââ¬â 14 sectors, especially for exports. this route. For India, it is perhaps unwise to follow Given the countryââ¬â¢s generally neutral and rules-based approach to reforms, it is perhaps best to rely on the standard trade policy tools, particularly the structure of tariffs. Recent reduction in tariffs on capital goods should help move the economy towards more labor intensive goods. What is needed is resistance to policies that reverse the impact of this policy change. In particular, there is need for labor-market reforms. The country will not be able to take advantage of low wages of skilled and unskilled labor unless potential investors are sure that they can operate factories around the year without fears of recurrent labor disputes. This fear has been behind the highly capital intensive technologies chosen by investors in recent years. Fourth, duty exemptions for assembly type operations combined with rapid processing of imported inputs and materials by customs authorities made a significant contribution to Chinaââ¬â¢s export growth. In India, duty exemptions for exporters exist but an improvement in their administration and simplification of procedures leading to speedy processing by customs will help boost exports. Also, for small exporters who rely on duty drawbacks, delay in getting the drawback as well as in obtaining inputs from abroad are common. An improvement in this direction is also desirable. Fifth, it is important to note that China was welcoming of foreign investment for both domestic and foreign markets. Most of the incentivesââ¬â tax holidays, lower fees on land use, flexibility in the employment of labor etc. ,ââ¬âwere available to all foreign investors. ventures, some extra incentives were provided. For export-oriented joint The lesson here is that ââ¬â 15 fears of tariff-jumping type of foreign investment should not lead to erection of barriers. Instead, if the regime is to be tilted in favor of export-oriented foreign investments, it should be done through positive incentives. Imposition of barriers to foreign investment will only add noise to signals of openness that India has been sending. A final point concerns the importance of a ââ¬Å"Hong Kongâ⬠connection. In Indiaââ¬â¢s case, there are no geographic neighbors that are as economically dynamic as Hong Kong or Taiwan, Province of China. But through cultural ties, the most India can do is to attract investments from Indians in Hong Kong and Non Resident Indians (NRIs) elsewhere in the world. While this is obviously worth doing, India has to rely on a more diversified base of foreign investors. It may be argued that to meet the East Asian challenge, investors in the United States and Europe will be increasingly looking for sources of cheap labor. With its vast pool of cheap unskilled to middleMoreover, level skilled labor, India clearly fulfills this requirement. Indiaââ¬â¢s economic and political institutions are also familiar to western investors. What is needed is more open policies, transparency, and infrastructure. If this can be accomplished, India may well become the primary export base for the United States and European Community in the 21st century. Arvind Panagariya an Indian national, was a Principal Economist in the Bankââ¬â¢s Trade Policy Division and is a Professor of Economics at the University of Maryland. He earned his PhD from Princeton. ââ¬â 16 Direct foreign investment into China (billion dollars) Commitment 1988 1989 1990 1991 1992 (first half) Cumulative, end 1991 5. 3 5. 6 6. 6 12. 0 14. 5 48. 9 Actual n. a. 3. 4 3. 5 4. 4 3. 4 20. 3 ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Sources: China Statistics Yearbook 1990, 1991, Ministry of Foreign Economic Relations and Trade, China. How to cite China Export Strategy, Papers
Sunday, May 3, 2020
Acknowledgement Examples free essay sample
* * First and foremost, we would like to thank to our supervisor of this project, Miss Shyamala for the valuable guidance and advice. She inspired us greatly to work in this project. Her willingness to motivate us contributed tremendously to our project. We also would like to thank her for showing us some example that related to the topic of our project. We will write a custom essay sample on Acknowledgement Examples or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Besides, we would like to thank the authority of Multimedia University (MMU) for providing us with a good environment and facilities to complete this project.Also, we would like to take this opportunity to thank to the Centre of Affiliated Diploma Programme (CADP) of Multimedia University (MMU) for offering this subject, Computing Project. It gave us an opportunity to participate and learn about the operation of flights ticket reservation. In addition, we would also like to thank Malaysia Airline System (MAS) which provide us valuable information as the guidance of our project. Finally, an honorable mention goes to our families and friends for their understandings and supports on us in completing this project. Without helps of the particular that mentioned above, we would face many difficulties while doing this * Apart from the efforts of myself, the success of any project depends largely on the encouragement and guidelines of many others. I take this opportunity to express my gratitude to the people who have been instrumental in the successful completion of this project. I would like to show my greatest appreciation to Prof. James Geller. I cant say thank you enough for his tremendous support and help.I feel motivated and encouraged every time I attend his meeting. Without his encouragement and guidance this project would not have materialized. The guidance and support received from all the members who contributed and who are contributing to this project, was vital for the success of the project. I am grateful for their constant support and help. * I would like to gratefully acknowledge the enthusiastic supervision of Dr. Ali Rezazadeh during this work. I thank Prof.Garth Swanson for the technical discussions on the spectral response model and Dr. S. E. Kanellopoulos for the help with optical measurements and relevant discussions. Postgraduates of the Physical Electronics Research Group are thanked for numerous stimulating discussions, help with experimental setup and general advice; in particular I would like to acknowledge the help of Dr. Jim Luck for his support. Sean Wootton, Kevin Smith and Nick Nicola are thanked for their assistance with all types of technical problems at all times.I am grateful to all my friends from International Hall, University of London, for being the surrogate family during the many years I stayed there and for their continued moral support there after. From the staff, Donald Mann and Margaret Wilson are especially thanked for their care and attention. Finally, I am forever indebted to my parents and Anita for their understanding, endless patience and encouragement when it was most required. I am also grateful to Naela and Tanvir for their support.
Thursday, March 26, 2020
6 Ways to Pay for Private School
6 Ways to Pay for Private School Attending a boarding school isnt cheap, we all know that. And today, many tuitions can cost a family as much as $70,000 a year (now multiply that by four years). Most private schools seem to be topping out around $45,000 to $55,000 a year, but some go well above that amount. Day school tuition typically runs about half that cost, or even less, depending on where you live. Even the primary grades cost a fortune these days. Paying for a private school education requires tremendous sacrifice for most parents. So how do you do it? How do you manage to pay for private schoolà tuition over the course of your childs education? Here are six ways you can manage those large tuition bills. Earn Cash Back on Tuition Payments Most schools expect payment of fees in two installments: one due in the summer, typically by July 1, and the other due in the late fall, typically by the end of November of the current academic year. Other schools may do their billing by semester or term though, so it varies. But, a little tip that not many families know is that schools will permit payment with a credit card. Simply make your tuition payment twice a year on a credit card with a rewards program, like a cash back card or one that will earn miles,à and then make your regularly scheduled monthly payments on the card. Lump Sum Discounts Schools always hate chasing down families who are late on their bills, which can have some negative results. But if you work with the school and pay your bill upfront, its often met with a discount. If youre able to pay your tuition bill in full by July 1, the school may offer you aà five to ten percent discount on the overall amount. Discount plus earning cash back with credit card payments? That sounds like a deal to me.à Tuition Payment Plans Not everyone can make lump sum payments and use a credit card to do so. For those families, there are still plenty of options. Most schools participate in tuition payment plans which are offered by outside providers, if not the school itself. The way these plans work is that you pay one-tenth of the expenses each month to the payment plan provider, which in turn pays the school on an agreed basis. It can be a real boon to your cash flow by allowing the payments to be spread equally over a number of months. The schools like the fact that they dont have to manage your billing. Its a win-win.à Financial Aid and Scholarships Almost every school offers some form of financial aid. You have to file an application for aid with the school and also file a standardized form, such as the Parents Financial Statement. The amount of aid which you can reasonably expect depends to a great extent on the size of the schools endowment, how much the school really wants to recruit your child, and how the school allots its scholarships. Several schools now offer a virtually free education if your family income is below $60,000 to $75,000 annually. So, if you need financial aid, see what the various schools on your short list can offer. Finally, be sure to ask around in your community. Many civic and religious groups provide scholarships. Loans Just like in college, loans are an option to pay for private school, though these are usually in the parents names, while college loans are often in the students names. Families have the ability to borrow against their assets to pay for private school education. There are also some specialized educational loan programs available, and your private school might offer or contract with a loan program, as well. It is always a good idea to consult your tax adviser and financial planner before making a major financial decision such as this. Company Benefits Many major corporations will pay for tuition and related educational expenses for dependent children of expatriate employees. So if you are posted to Belgium tomorrow, the main issue you will face is getting your children into the local international school. Fortunately for you, the tuition expenses will be paid for you by your company. Ask your Human Resources department for details. Edited byà Stacy Jagodowski
Friday, March 6, 2020
The Boldness Of Courage Essays - Salem Witch Trials, The Crucible
The Boldness Of Courage Essays - Salem Witch Trials, The Crucible The Boldness of Courage ?You?re the Devil?s man!? (118), Mary Warren cried out when she accused John Proctor of working for the devil. Courage is defined as mental or moral strength to face danger without fear. This is supported in Arthur Miller?s The Crucible. Throughout the Salem witch trials in the 1600?s, courage was that good people held in to, even through the toughest times. To illustrate this, an example of someone with courage is John Proctor. Proctor is a farmer with a wife, Elizabeth, and three young boys. He quietly suffers from guilt caused by an affair he had with a young woman named Abigail Williams. He is contrite and solicitous in his wife?s presence, and he yearns to regain her respect. John shows his courage when he has to make a life and death decision to lie and say that he is involved in witchcraft, which will prevent his execution, or to deny being a witch and be hanged. Proctor, after being questioned by Judge Danforth about being involved in witchcraft, stated that he was. Danforth was then having Proctor sign a confession, but he argued with Danforth saying, ? I have confessed myself! Is there no good penitence but it be in public? God does not need my name nailed upon the church! God sees my name; God knows how black my sins are!? (142). When Danforth would not give up the argument with Proctor to sign the confession, he asked, ?Then explain to me, Mr. Proctor, why will you not let me have it? ? (143), Proctor answered, ? Because it is my name... Because I lie and sign myself to lies!... I have given you my soul; leave me my name!? (143). Danforth then explained to Proctor, if the confession was a lie, he would not accept it. Proctor, with his breast heaving and his eyes staring, he tore the confession and crumpled it up, while he wept in fury. Danforth then ordered for him to be hung ? high over the town ? (143). John Proctor showed courage for his friends and family and by doing it, helped put an end to the unfair courts of Salem. Another good example of with a good deal of courage is Giles Corey. Giles is a 83-year old landowner who is sturdy, mettlesome, and fiercely independent. He?s unenlightened and pig-headed, but at the same time, warm-hearted and undaunted. He reveals himself to be a great man of awesome courage and will when he would not answer ?aye or nay to his indictment? (135). When Elizabeth Proctor was telling her husband, John, about it, she explained, ? great stones they lay upon his chest until he plead aye or nay. They say he give them two words. ? More weight?, he says. And died. ? (135). Giles Corey?s wife, Martha, and all of his friends, had already been convicted of witchcraft, so he had probably decided that he had nothing to live for. Giles humbly protested the one-sided courts by sacrificing himself as an example to his friends to stay strong and to not give up in what they believed is wrong. John Proctor could have easily used Giles Corey as an example, because Proctor learned of Giles? death before he had to make his decision of confessing or being executed. The next courageous person in The Crucible is Reverend John Hale. Reverend Hale is the church authority on demonology. He is summoned to Salem to find out if Reverend Parris? daughter Betty, who is suffering from an unexplained illness, has been hexed by witchcraft. Reverend Hale is proud of his scholarly expertise, and is glad to come to Salem to give his professional input on the situation. He displayed acts of courage when he got extremely frustrated about how unjust and ridiculous Danforth and the trials were, so he stood up and yelled, ? I denounce these proceedings, I quit this court! ? (120). Reverend Hale then comes back later to help those convicted by trying to persuade them to confess and live, rather than be hanged. By doing this, Reverend Hale shows great moral courage. He gives up everything he has worked for in his demonology career by going against the court, and trying to persuade innocent people to confess because he feels horribly responsible for bringing the hysteria to Salem. Reverend Hale is one of
Wednesday, February 19, 2020
What do you think of the concept of ungraded writing Essay
What do you think of the concept of ungraded writing - Essay Example According to (Hewitt) ââ¬Å"Your essayââ¬â¢s point of view may be to persuade the reader to share your beliefs on the topicâ⬠. I think when I ask my students about the upgraded writing they will respond that this writing is related to pupil with disability in learning. Usually the writing skills of disabled students are of poor quality; hence the students can have the inclination to think upgraded writing as a writing related to disabled student. As per (Zhang)ââ¬Å"Teaching students about writing is an ever present and significant problem. For students with learning disabilities, this problem often presents even greater challengesâ⬠. I would convince my students that upgraded writing is a concept applicable to all students. I would explain to them that, all disabled do not have poor skill in writing. I would describe to my pupil that working hard and knowing the writing skills, anyone can practice upgrade writing. According to (Donovan)" It goes without saying that if you donââ¬â¢t ever bother writing, your writing will never get any
Tuesday, February 4, 2020
A Society full of Smarty Pants Term Paper Example | Topics and Well Written Essays - 1000 words
A Society full of Smarty Pants - Term Paper Example It is believed that with the advent of technology people have been able to live a much happier life. When computers were invented, they were made to do fast calculations. Nowadays they have become an integral part of our lives. Computers have been able to make our lives happier and much more comfortable than what they were before. With the advent of the 21st century, computers were made to solve simple mathematical calculations. People realised that there was a requirement for a machine which would work alongside their profession as a means to enhance the productivity. It became important that a machine would be there which would work efficiently to make the calculations simpler and easier. In the lat 1980ââ¬â¢s the first computer was launched for the usage of the public. It was invented by Apple, which boasted of Steve Jobs and Steve Wozniak as the chief architects and designers of machine. (Finn, Chester) Steve Jobs came up with the first computer software which was known as the Macintosh, introduced to the world in 1984. It was the first computer which had the graphical user interface installed as a pre requisite in the computer operating system. Steve Jobs was very intrigued b the way graphical user interface worked, and therefore tried his best to introduce it to the Macintosh. Nowadays, computers have become of an immense importance to the people worldwide. The biggest advancement with the technology of computers happened with the introduction fo the internet. The internet changed the shape of the lives of the people. It developed the whole knowledge base into one source of information and there was literally a parallel world running through the wires of the internet. Through the internet people have been able to be close to each other without having to call or send a post card. This has been developed by the coming of the E- mail system which has allowed people to send and receive mails from anywhere in the world without having to wait for it or to pa y any additional money for it. (Impact of Computers) Webcam has allowed people throughout the world to engage in video conversations without having the need to have a video phone. This has been a remarkable achievement considering the fact that there was a time when people would not see each other for aageas and now if one is away from the family then he can simply call his family on the web using the web cam and that would allows the couple to see each otherââ¬â¢s faces without the hassles of the previous days. ââ¬Å"Information is probably the biggest advantage internet is offering. The Internet is a virtual treasure trove of information. Any kind of information on any topic under the sun is available on the Internet. The search engines like Google, yahoo is at your service on the Internet. You can almost find any type of data on almost any kind of subject that you are looking for. There is a huge amount of information available on the internet for just about every subject kno wn to man, ranging from government law and services, trade fairs and conferences, market information, new ideas and technical support, the list is endless.ââ¬
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