Evolution of Women’s Rights Since 19th Century Free Essays

Equality Rights 1 The Evolution of the Extension of Equality Rights from Classical to Modern Liberalism Malak Alkadri Social Studies 30 Mrs. Kadaoui November 30, 2012 Equality Rights 2 Towards the latter part of the nineteenth and the beginning of the twentieth century, classical liberalism underwent great modifications in terms of equality rights. Its modified form even came to be known as modern or positive liberalism. We will write a custom essay sample on Evolution of Women’s Rights Since 19th Century or any similar topic only for you Order Now It differed from classical liberalism in so far as it emphasized the significance and rationality of equal opportunities and justice. Modern liberalism has promoted the positive rather than the negative aspects of the liberation movement. The extension of women’s equality rights of the final step in the revolution of classical liberalism to modern liberalism has extended this particular group’s rights economically, socially and politically to an uttermost extent. Initially, women’s lives have improved economically. Modern liberalism has come to interpret freedom as involving a right to basic requirements of the development and security necessary to assure the equal opportunity and personal dignity of women. Nevertheless, in the nineteenth century’s Victorian era, the emergence of women’s rights was limited. Feminism had influenced the ideology of separate spheres in which men inhabit the public sphere – the world of politics, commerce and law – and women inhabit the private realm of domestic life – child caring, housekeeping and so on (Christison, etal. 2009, p. 158). Women of all classes worked hard, yet, were still a supply of cheap labour. Whereas today, more women are employed, more girls are being educated, women are living longer and having fewer children, and the number of females in business and in politics has increased dramatically. According to the Center for Women’s Business Research, female entrepreneurs generate $2. 3 trillion to the Equality Rights 3 American economy and employ more than 18 million people (qtd. In newint. org). One area in which women have made major progress in is education. Modernly, more women are enrolled in law school, medical school, and schools of business and finance. Young women today do not feel  social pressure to pursue only those professions which were once traditionally reserved for them, most commonly teaching and nursing. As a result, millions of women today succeed in professions that were completely closed to them in the past, such as working in open, public areas rather than at home or in healthcare areas. Also, women’s economic rights and acceptance have evolved dramatically since the final evolution of equality rights in the classical liberalism. Women have now acquired the freedom to work as they please, with rather no restrictions and a lot less government involvement. Women’s economic authority has severely improved in the modern setting as opposed to thirty years ago, when women were first entering the workplace. It was a rare occurrence, and rather â€Å"odd† at that time to see women at work, and now it is something common, accepted, and even encouraged. Surely, on a social level, women’s rights have defiantly evolved in the way people collaborate and treat women. There has been a collective change of consciousness in how men are expected by law to communicate with women in the workplace. While some personal Equality Rights 4 attitudes might not have changed; men and women both understand that the workplace is to be a setting to be free of hurtful and insensitive comments. Additionally, women have successfully fought for family leave rights. Afterwards, the occurrence of the â€Å"Family and Medical Leave Act† had emerged in the US by federal law in 1993 (qtd. in en. wikipedi. org). The fight is more prevalent now than it was back then. However, focusing on the cases of the United States and England, we show that the historical expansion of women’s rights also unfolded through equal treatment in the labour market. In contrast, in most African countries women gained formal political rights, at the end of colonialism before receiving economic rights. Moreover, there are many specific traditions such as foot binding and child marriage, which impact the rights of women that are specific to certain cultures. Contemporary phenomena, such as HIV/AIDS also represent challenges to gender equality that were not present in earlier time periods (Kristof and WuDunn 2009). Likewise, women’s political rights have also been extended now than ever before. You may agree that the near end of the classical period is similar to modern liberalism because people with disabilities, prison inmates, women eighteen year of age and older, and nations Equality Rights 5 such as the Inuit without surrendering their culture were allowed to vote hence, there has not been much change in the political rights of women. I beg and plead to differ. Thirty years ago, all types of women eighteen and older may have been granted the right to vote but that’s as far as it went. Now, women are CEOs and presidential candidates. Hillary Clinton for example, serves as an American Secretary of the United States. Women are now not only given the right to vote, but the right to be voted for. Currently, US citizens can vote in the US elections. Yet, back when the country was founded; in most states, only men with real property or substantial wealth were permitted to vote. Almost all women and their votes were denied at the time. Now, since the US constitution, every individual has gained the right to vote. Although, in the 1920’s, the Women’s Bureau of the Department of Labour is formed to collect information about women in the workforce and safeguard good working conditions for women (Ann-Marie Imbornoni. 2009). You may say that the workforce now-a-days also provides a great source of security and freedom for women similar to the 19th century. Not necessarily. The freedom of women in the workforce has also been extended. President Baraak Obama, for instance, signed the Lily Ledbetter Fairpay Restoration Act, which allows victims of pay discrimination to send a complaint to the government against their employer within 180 days of their last pay check. Previously, victims (most often women) are now allowed to claim an unjust pay check whereas Equality Rights 6 back in the 19th century, their freedoms were under more authority than they are in the modern society (Ann-Marie Imbornoni. 009) Finally, the evolution of the equality rights of women has extremely extended since classical liberalism in the 19th century. The rights of women have extended in several different aspects especially in terms of economical, social and political rights. Men and women are now equal in regards to occupations, elections, education, job pay checks, security, and collaboration. Despite the amount of freedom women have gained, it is no longer a sho ck to see a women play what was then called a â€Å"man’s role† in society. Women have the right to not only vote but run for candidates as well. Young women today are not enforced to occupy the domestic part of life, or jobs that were traditionally reserved for them. Millions of women today succeeded in professions that were completely prohibited to them in the past, such as working in open, public areas. Women’s economic rights and acceptance have evolved dramatically since the final evolution of equality rights in the classical liberalism. â€Å"I do not think, sir, you have any right to command me, merely because you are older than I, or because you have seen more of the world than I have; your claim to superiority depends on the use you have made of your time and experience. (Charlotte Bronte, Jane Eyre Equality Rights 7 References Imbornoni, Ann-Marie. â€Å"Women’s Rights Movement in the U. S. : Timeline of Events (1921-1979). 30 Nov. 2012. ;http://www. infoplease. com/spot/womenstimeline2. html; â€Å"What women have gained and what they are in danger of losing — New Internationalist. †Ã‚  New Internationalist. Nikki van der Gaag, n. d. Web. 1 Nov. 2004. ;http://www. newint. org/features/2004/11/01/women-want/; Lambert, Tim. â€Å"Women’s Jobs in History. â€Å"A World History Encyclopedia. Tim Lambert, 14 Jan. 2012. Web. 14 Jan. 2021. ;http://www. localhistories. org/womensjobs. html; How to cite Evolution of Women’s Rights Since 19th Century, Papers

Benefits of Social Networks Use in Business-Samples for Students

Question: Discuss about the the benefits and drawbacks of Social Networks use in Business. Answer: Introduction Social networks are a system of social connections and individual relations. It is the process of increasing business connections by building new networks through social media websites. Various organisations use social networks for business transactions, to increase the speed and security of the communications. There are numerous gigantic brands such as Pepsi, Adidas, and Dominos, who have used social networks to their advantages and get success. The small and medium enterprises are still sceptical regarding the use of social media. Social media has several disadvantages along with the benefits. The risks of social networking include cyber bullying, online harassment, and cyber crimes. The report will discuss regarding benefits and drawbacks of using social networking in a corporation. Project Objective The objective of this report is to ascertain the benefits and drawbacks of social networks use in businesses. In modern times, various giant companies use social networks to increase the efficiency and security of their communications. The social networks are the significantly great place to market their products. The social network provides a significantly larger audience to appeal their products. The usage of social networks has various disadvantages as well. Project Scope The report will discuss regarding the advantages and disadvantages of adopting a social network system in the organisation. Further, the report will analyse the perspective of various companies in order to ascertain the benefits and drawbacks of using the social network in the organisation. The project will discuss the theories of various market experts to ascertain the rewards and shortcomings of using social networks. Literature review Social networks are an internet based platform to help people communicate with their friends, family, colleagues, and customers. Various organisation uses social networks in order to communicate with their employees. There are several other uses of social media, such as getting customers feedback, product marketing, market research and worldwide reach. Role of Social Networking The use of Social networks in organisations has been increased rapidly in past decade. The companies could use social networks in collecting data from customers, brand marketing, creating new contacts and communicating in the workplace. Social media help companies connecting with their customers. The organisation could get direct feedback from their customers regarding their products or services. The use of social networks is cheaper than using another medium of communication. The companies can approach a wide range of audience with the use of social media (Cheung Lee 2010). According to Holly Paquette, a professor at the University of Rhode Island, many corporations use social networks in marketing their businesses. The cost of advertising on social media is significantly cheaper than comparing to other mediums of advertisings, such as television, radios or billboards. By advertising to a larger audience, an organisation could significantly increase their sales. Social networks increase the companys engagement with their customers. The customers can give their queries or provide their feedback, directly to the corporation. Social networks help corporation in enhancing their business outside their domestic country. The company can market their products or services easily in the foreign markets, with the help of social networks. The organisation could increase their foreign contacts with the use of social media. The corporations could conduct market research with the social networks to recognise their brand's reputation in the market or the requirements of their customers. Following are some ways in which an organisation can use the social network in business (Aral, Dellarocas Godes 2013): Increase the efficiency of targeting customers Expansion of customers Instantaneous feedback from consumers Cost efficient Help in creating better customer relationship Building brand awareness and increase the exposure of company Benefits of Social Networks In modern time, a company can benefit heavily from adopting a social network strategy for their organisation. For sustaining grow of an enterprise in the future, implementing social network policy in business is essential. The advantages of adopting a social network policy include cost reduction, expansion of companys audience, better marketing exposure, faster growth, quality communication and instant feedback (Woodcock, Green Starkey 2011). Marketing According to the research conducted by Brennan (2014), Social media is an essential part of every company marketing policy. More than 90 percent of market experts have claimed that social media expands the exposure of an organisation. The use of social network strategy significantly reduced the time and resources spent by companies on marketing. Following are the benefits of marketing a company on social networks: Expansion of Brand Awareness: Using a social network marketing policy can increase the business visibility in the market. The social networks assist companies in engaging with a wide-ranging audience. It is easy for an organisation to market their products in various countries. Increase in Inbound Traffic: If a company did not imply a social media strategy, the inbound traffic is restricted to its usual consumers. The organisation can in increase its audience by marketing their products online. Improved Customer Satisfaction: Social networks provide the customers a place for communication and interacting with the company. Customers can directly post their feedback or quarry on organisations website and the enterprises can get a better knowledge of their customers requirements. Cost-Effective: The companies can significantly reduce their cost of marketing by adopting social network strategy. Most of the social networks are free and many have comparatively lowered costs related to other marketing strategies. The research of Manthiou (2012) proved that various companies have used the social networks to their marketing advantages. The organisation, such as Pampers, Netflix, Old spice, Staples and many others, uses their social media posts to market their products online. These companies get involved in popular culture news and use them to market their product online. Wendys, a popular American fast food chain, uses the social media to post funny things which create a popular image of the brand in the customer's mind. Communication An organisation can increase the efficiency and security of communication, between employees, clients, and suppliers, by adopting a social network method for communication. The companies can implement both internal and external communication platforms. There are several advantages of using the social network for communication such as (Sarker, Ahuja, Sarker Kirkeby 2011): The employees can discuss ideas, post quarries and share news regarding their tasks. The social networks allow employees to easily collaborate on business projects. Social networks assist in faster decision-making between employees because it is easier for them to give feedback or ask a quarry. The companies can introduce self-help groups in employees to reduce their work stress and motivate them to share their problems. It helps the company in building a strong culture at the workplace. Social networks help in widen an organisations business contacts. The companies can increase their communication and networking with their suppliers or business partners. Implementing social network policy increases the reputation of an organisation. The enterprise can increase its connections and find new business opportunities for the organisation. Better communication with customers increases the brand loyalty of the company. Social networks assist in market research, implementing campaigns and straight communication with interested persons. The organisation can evaluate their place in the market and create future strategies by analysing their customers. There are several new applications that companies used to increase their workplace communication. The application such as Slack, Socialcast, and Yammer help increase the efficiency and security of internal communication. The communication softwares provides facilities such as team collaboration, easy file sharing and group chat to increase the productivity of employees (Lanubile, Ebert, Prikladnicki Vizcaino 2010). Increase in Sales The organisation can significantly enhance their market share by approaching to a newer audience. New customers can find a companys products by searching for similar things. The use of social networks gives a company truly global approach in the market. The customers in different countries can easily find and buy products of companies, this approach helps in enhancing sales of the organisation. With the increase in ecommerce websites, companies can easily import or export products from various countries. Traditionally, the organisation has local customers and to increase their sales they have to open new outlets, but with the help of social networks, one shop can sell its products worldwide (Stephen Galak 2012). The online shopping market is booming with giant players such as Amazon, Wal-Mart, and Alibaba. A research conducted by Robischon (2017) provided that Amazon is one of the largest electronic commerce or online shopping company in the world. The company had revenue of US$135.98 billion in 2016 and on a peak day the company sold more than 26 million items. The social networks provide customers the facility to order from their home and choose from a vast variety of items. Research Online platforms enhance communication between the company and its customers, helping them in creating better products according to customers requirements. The research of Bryman (2015) showed that the organisation can engage with their audience and improve their relationship by using social networks. The market research helps companies to know their worth in the market and the desires of consumers. The employees of an organisation can post their ideas and quarries online which assist the company in creating the better working environment. Drawbacks of Using Social Networks For the past decade, the social networks have grown rapidly in the daily activities of organisation and individuals. The companies use social networks for various purposes such as marketing, research, online sales, and communication. The social networks have numerous benefits but there are several drawbacks as well. The disadvantages of social networks include cyber crimes, hacking, security issues, false advertising and daily monitoring (Belbey 2015). The companies should analyse these drawbacks while adopting a social network strategy. Hacking Hacking is the process of obtaining unauthorised access to information in a computer or system. Many people hack the systems of large organisation in order to collect sensitive data for their advantages. The paper of Collins (2008) discusses that using social networks increases the chances of hacking in an organisation. The companies have to pay high amounts to get firewalls or security to avoid hacking, which are not benefitial for organisation. In past few years, many popular companies have become the victim of hacking such as Yahoo, Ashley Madison, Sony, HBO, Home Depot, JP Morgan, eBay and many other companies. Ashley Madison suffered huge losses due to the hacking of their user's profiles. The significant loss is suffered by HBO after leaking of their hit popular series episodes Game of Thrones on the internet. The hackers leak the sensitive data of the company and their users on the internet, such as passwords, bank information, and personal data (Groden 2015). Inside Risks The companies have to check their social media accounts many times in a day because dissatisfied consumers or workers can post deleterious comments that are not always removable. There is a risk of human error as well. The organisations have to invest addition costs for securing their data. According to Rosenblatt (2015), the inside risk on social networks is high because unlike hacking it is done by inside persons. The attack on Morgan Stanley was a good example of inside attack on the company. According to cyber security expert Lucas Zaichkowsky, there is a high probability of insider attacks happening and there is nothing that companies could do to stop such attacks. Clear Strategy The companies are required to create clear and strong social networks strategies. Not having a clear policy for marketing or social networks could decrease the benefits of an enterprise. The strategy should cover all the aspect of the business and must approach to a larger audience. The cost of hiring an outside expert for creating strategies could be significantly high. The social network strategy impacts the reputation of a company online and one mistake could reduce the status of the company. The giant players such as Coca-Cola have made a mistake in their social network strategy. The company tweets a photo of snow covered Russian map, omitting Kaliningrad. The Russian gets angry and poured the Coca-Cola soft drink in the toilets with Ban Coca-Cola hash tag. Seoul Secret, a beauty products enterprise, runs a campaign saying White makes you win, causing social media backlash on the company (Friedman 2016). Cost In order to secure their social media accounts, companies have to invest heavily on firewalls and security software. The cost of this software is high and the company has to keep them updated along with new updates. An average company spends around $15 million for security against cyber crime. According to Gartner, the worldwide spending on cube security reach around $90 billion in 2017 and it will estimate to be around $113 billion on 2020 (Muresan 2017). Time Waste The employees of the company could use their social networks to engage in their personal life instead of working in the office. The social networks are addicting, and they could reduce the productivity of employees. According to a survey by Mangus (2014), more than 89 percent employees admitted wasting their time by using social media at the workplace. Harassment The increase in the use of social media enhances the cyber bullying and harassment between the employees. Many workers have reported by claiming that they have been harassed or bullied on the social networks of their company by their colleagues. The harassment raises the concern such as depression, suicide, a decrease in companys reputation and unhealthy environment at the workplace (Van Laer 2014). Conclusion The above report concluded that in the modern time's companies have to use Social Networks in order to a competitor in the market. The social networks provide several benefits to the organisations, such as marketing, research, feedback, and increase in sales. But along with the advantages, there are numerous drawbacks as well. The companies put themselves at security risk by using social networks. The disadvantages of social networks include hacking, data leaks, cyber crimes, harassment, and bullying. The strategy of a company should be clear regarding the use of social networks and collective measures should be taken to save their data and clients from cyber-attacks. References Aral, S., Dellarocas, C., Godes, D. (2013). Introduction to the special issuesocial media and business transformation: a framework for research.Information Systems Research,24(1), 3-13. Australian business and social media. (2016).Platform Communications. Retrieved from https://platformcommunications.com.au/australian-business-social-media-haves-nots/ Belbey, J. (2015). Protect your firm from the 12 risks of Social Media. Forbes. Retrieved from https://www.forbes.com/sites/joannabelbey/2015/05/21/protect-your-firm-from-the-13-risks-of-social-media/#66117ec6331e Benefits of social networking for a brand. (2013).Ironpaper. Retrieved from https://www.ironpaper.com/current/2013/05/benefits-of-social-networking-for-a-brand/#.WZVmzFUjHIU Brennan, R. (2014).Business-to-business Marketing(pp. 83-86). Springer New York. Bryman, A. (2015).Social research methods. Oxford university press. Cheung, C. M., Lee, M. K. (2010). A theoretical model of intentional social action in online social networks.Decision support systems,49(1), 24-30. Collins, B. (2008). Privacy and Security issues in Social Networking. Fast Company. Retrieved from https://www.fastcompany.com/1030397/privacy-and-security-issues-social-networking Friedman, L. (2016). The 12 worst Social-Media fails of 2016. Entrepreneur India. Retrieved from https://www.entrepreneur.com/slideshow/272286#0 Groden, C. (2015). Heres whos been hacked in the past two years. Fortune. Retrieved from https://fortune.com/2015/10/02/heres-whos-been-hacked-in-the-past-two-years/ Lanubile, F., Ebert, C., Prikladnicki, R., Vizcano, A. (2010). Collaboration tools for global software engineering.IEEE software,27(2). Mangus, Q. (2014). How Much Time Do Employees Spend On Social Media. Micro Focus. Retrieved from https://blog.microfocus.com/how-much-time-do-employees-spend-on-social-media/# Manthiou, A. (2012).Reason and reaction: The dual route of decision making process on social media usage: The case of hospitality brand fan pages. Iowa State University. Muresan, R. (2017).Cyber security spending to reach $90 billion in 2017, Gartner says.Businessinsights. Retrieved from https://businessinsights.bitdefender.com/cyber-security-spending-2017 Paquette, H. (2013). Social Media as a Marketing Tool: A Literature Review. [PDF file]. Digital Commons. Retrieved from https://digitalcommons.uri.edu/cgi/viewcontent.cgi?article=1001context=tmd_major_papers Passeri, P., Passeri, P. (2014).Biggest Data Breaches : Privacy Risks Advisors.Privacyrisksadvisors. Retrieved from https://www.privacyrisksadvisors.com/data-breach-toolkit/worlds-biggest-data-breaches/ Robischon, N. (2017). Why Amazon is the worlds most innovative company of 2017. Fast Company. Retrieved from https://www.fastcompany.com/3067455/why-amazon-is-the-worlds-most-innovative-company-of-2017 Rosenblatt, S. (2015). The biggest cyberthreat to companies could come from the inside. CNET. Retrieved from https://www.cnet.com/news/the-biggest-cyber-threat-to-companies-could-come-from-the-inside/ Sarker, S., Ahuja, M., Sarker, S., Kirkeby, S. (2011). The role of communication and trust in global virtual teams: A social network perspective.Journal of Management Information Systems,28(1), 273-310. Stephen, A. T., Galak, J. (2012). The effects of traditional and social earned media on sales: A study of a microlending marketplace.Journal of Marketing Research,49(5), 624-639. Van Laer, T. (2014). The means to justify the end: Combating cyber harassment in social media.Journal of Business Ethics,123(1), 85-98. Wells, N., Fahey, M. (2016).How Yahoo's 1 billion account breach stacks up with the biggest hacks ever.CNBC. Retrieved from https://www.cnbc.com/2016/12/15/how-yahoos-1-billion-account-breach-stacks-up-with-biggest-hacks-ever.html Woodcock, N., Green, A., Starkey, M. (2011). Social CRM as a business strategy.Journal of Database Marketing Customer Strategy Management,18(1), 50-64.

Relationship between Trade and Development

Introduction/Background on trade Trade and development relate considerably. They are able to influence the fates and providences of each other. Modern techniques of transportation, transactions, and communications have enhanced the growth of international trade.Advertising We will write a custom essay sample on Relationship between Trade and Development specifically for you for only $16.05 $11/page Learn More Records retrieved from GATT, WTO, OPEC, and other international trade organizations have shown tremendous relationships between trade and development (World Bank 364). This report discusses how trade can be a pro-developmental provision and the relationship between the two groups. Usually, the relationship between a country’s trade and its economic development has always been a subject of interest. For example, developing states possess strong trade relations with other countries globally. Views of Different Schools of Thought According to Ad am Smith in his classical theory, free trade often leads to efficient use of a country’s resources. Contextually, it is important to agree that free trade improves economic performance by increasing competition of the concerned entities. Current prospects for a new WTO agreement are to enhance international trade by uplifting probable barriers, which the GS would like to keep. Different parts of the world will fare well while Africa will benefit through magnificent developments. Additionally, various countries should embrace the aspects of specialization and division of labor in order to enhance their output. For example, it is agreeable that trade and development are linked either positively or negatively depending on how a country establishes and utilizes its trade opportunities. Trade triggers the aspects of development since different entities can attain their respective developmental needs through it. Numerous countries have attained their developmental ideas and materia ls through integrated trade and other relevant provisions. It is possible for a given country to attain what it does not produce through trade (Greenaway 49). For example, these provisions have been supported by GATT/WTO, OECD, OPEC, and other prominent organizations established to promote the aspects of global trade and other concerned provisions.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Different hypothesis, theories, and models Numerous theories exist in order to unveil the relationship between trade and development. Additionally, there are particular theories that explain various aspects of trade and development. These have helped in relating the two factions together and enhancing the relationships alleged between them. Additionally, hypothesis has been formulated to trigger viable research regarding the alleged relationships. It is important to enhance the aspects of trade and development in order to propel the prosperity of the concerned countries, regions, and organizations. Theoretically, trade enhances development in various organizations, regions, and countries. This is a critical concern when scrutinized critically. It is from this context that the entire business prospects and other relevant provisions lie. Additionally, trade models can influence the nature of development, which a country assumes. Arguments for and against the above theories Theories supporting the relationship between trade and development are vital in this context. For example, it is agreeable that numerous countries globally have exploited the opportunities fronted by trade in order to develop tremendously. This has been quite important in diverse contexts. Hypothetically, it is important to illuminate the alleged relationships (UNCTD 65). Nonetheless, there are arguments that might defy the positions assumed by the mentioned theories. It is agreeable that there can be no relat ionship between trade and development as alleged by some theories. Some countries can develop minus the assumed trade. There are various avenues through which organizations, entities, and some countries can develop minus trade. Current issues facing trade and development relationships There are various issues facing trade and developmental relationships. Some of these factors have contributed negatively to the mentioned provisions. Contextually, they have affected the wellbeing of the alleged relationships between trade and development indicated before. Contextually, market access is one of the issues affecting the aspects of trade. For example, access to markets in developed countries can enhance the aspects of development thus help in reducing poverty. This indicates how trade relates positively to development. The current prospects for the new WTO are to enhance the flowage of trade among the member countries globally. For examples, several Asian, American, African, and European countries have joined the organization in order to open up their markets, enhance international trade, and promote their developmental issues. Previously, GATT was signed in 1946 and lasted until 1993.Advertising We will write a custom essay sample on Relationship between Trade and Development specifically for you for only $16.05 $11/page Learn More The organization was then replaced by the WTO in 1995 to open up markets and enhance accessibility. For example, WTO handles the global rules of trade amid nations. Principally, it ensures that trade flows as efficiently, predictably, and liberally. It thus promotes the relationship between trade and development. Additionally, various countries are influenced by varying political factors. This eventually affects the aspects of development in case such factors are unconstructive. The situation is critical in various contexts (Babkina 84). The political situation of any given region can affect the mentioned de velopment besides the ability to hinder the needed universal trade provisions. It is recommended that the concerned countries endeavoring to enhance their trading opportunities should adopt substantial political provisions in order to favor their trading endeavors. Nevertheless, for the least-developed countries (most of the African countries for example), the principal problem is not market access, but inadequate production capacity to attain new trading opportunities. Another issue influencing the relationship between trade and development is the trade barriers. For example, high tariffs imposed on agricultural goods and other prominent commodities have discouraged diversification and developmental endeavors. Additionally, strong and complex tariffs have blocked the mentioned market access and development provisions. Another hindrance to the mentioned relationship is the lack of capacity. For example, some countries have poor infrastructures. This eventually hinders the aspects of trade and other relevant developmental issues. Another issue facing the trade and development relationships is the legal matters governing the aspects of trade. These can be enacted locally or internationally as evident in the GATT and WTO’s contexts. Uncooperative legal matters can hinder the aspects of trade. This will eventually affect trading provisions. It is crucial to consider these cases in the context of trade and development (Lee 36). Similarly, the rules set by international trade organizations have influenced the relationships between trade and development (Narlikar 59). There are some countries which are barred by such legislations in the context of trading. Some countries have been banned from international trade due to misconduct or failure to adhere to some stipulated rules and regulations.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This provision has eventually affected the aspects of development in such countries. Additionally, independence attained by various countries has also influenced the aspects of trade. For example, development was historically perceived as a problem to be solved by foreign aids and loans from developed countries in the East and West. Another considerable issue in this context is the aspects of technology. Technology has enhanced transactions, international cash transfers, communication aspects, and transportation of commodities from one region to the next. This provision has eventually influenced development as alleged earlier. Through technology and trade, it is possible to attain development (OECD 63). Any factor that influences the provisions of trade eventually influences developmental issues. Another issue is globalization. It is evident that globalization has enhanced the aspects of international trade hence eventually influencing developmental issues in various countries, regi ons, and organizations. Globalization has massively influenced the relationships between trade and development by expanding their provisions and elaborating the nature of the concerned relationships. Concurrently, social and cultural issues can actually influence the relationship between trade and development (Ajami 46). Various communities, regions, and countries have their social and cultural provisions, which can influence their participation in trade and other relevant provisions. Negative social and cultural provisions have always hindered trade and developmental issues. Personal Opinion Critically, it is important to agree that trade and development have considerable relationships as indicated earlier. It is obvious that the promotion of trade will eventually enhance developmental provisions despite the challenges. This is a critical provision as exhibited before. The approaches given to these factors have influenced their fates in the trade and developmental contexts. This is a critical provision indicating the relationship between trade and development. The schools of thought bestowed to this topic have considerable disparities in their provisions. No approach is appropriate as alleged; nonetheless, it is important for each provision to discern prospected relationships between trade and development. Various opening markets have influence the aspects of trade and operations of WTO. Continents like Africa have benefited considerable from the aspects of trade and development. Conclusion Conclusively, there is substantial relationship between trade and development. Several schools of thought have tried to discern this allegation. Nevertheless, theories, hypothesis, and models endeavoring to discern the relationship between trade and development are evident in this context. Concurrently, there are current issues facing trade and developmental relationships. Evidently, trade can be a pro-developmental provision. Works Cited Ajami, Riad. International Busines s: Theory and Practice. Armonk, NY: M.E. Sharpe, 2006. Print. Babkina, Ankras. World Trade Organization: issues and bibliography. Huntington, NY, Nova Science Publication, 2000. Print. Greenaway, David. The World Economy: Global Trade Policy 2011. Oxford: Wiley-Blackwell, 2012. Print. Lee, Byung-Hwa. Fdi from Developing Countries: A Vector for Trade and Development. Paris: OECD Publishing, 2002. Print. Narlikar, Amrita. The World Trade Organization: A Very Short Introduction. Oxford: Oxford Univ. Press, 2005. Print. OECD. World Economic Situation and Prospects 2010. New York, NY: United Nations, 2010. Print. UNCTD. Commodity Prices, Capital Flows and the Financing of Investment. New York, NY: United Nations, 2008. Print. World Bank. World development indicators 2010. Washington, DC: World Bank, 2009. Print. This essay on Relationship between Trade and Development was written and submitted by user D'KenNeraman1 to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Valuation by Discounted Cash Flow (DCF) Essay Example

Valuation by Discounted Cash Flow (DCF) Essay Example Valuation by Discounted Cash Flow (DCF) Essay Valuation by Discounted Cash Flow (DCF) Essay As shown in Exhibit A, the revenues for USG were projected to be $2. 1 billion in 1988. Revenues were then projected to grow at 4% to 7% for the next four years from 1989 to 1992. Revenues for the terminal year were projected to grow at 4. 5% to $2. 7 billion, largely based on inflation as well as with consistent growth rate. EBITDA for 1988 was projected to be $396 million, versus the actual of $531 for 1987. The significant drop in EBITDA was attributable to the restructuring expenses, coupled with the decrease in sales. EBITDA would then gradually increase to $617 million in 1992 with EBITDA margin of 24. 2%. With the same EBITDA margin as 1992, EBITDA for the terminal year was projected to be $645 million. Depreciation and amortization for the projected period were in the range of $71 million to $84 million, and $70 million for the terminal year. The Company would invest between $58 million and $121 million in capital expenditures for the projected period. The terminal years capital expenditures were assumed to be at the same level as depreciation, which amounted to $70 million. With a 36% tax rate, the debt-free net income increased from $200 million in 1988 to $349 million in 1992, with $368 million in the terminal year. Total free cash flow ranged from $248 million to $315 million for the projected period except for 1989 with $785 million primarily due to asset sales realized. As illustrated in Exhibit B, with a risk free rate of 8. 9%, risk free premium of 6. 0% and the beta of 1. 37, the cost of equity for USG was calculated at 17. 2% by using the CAPM equation. The cost of debt was 10. 97% based on the Baa bond rating. Taken into account the 36% tax rate and the debt weighting and equity (market) weighting of 28. 5% and 71. 5%, respectively, the weighted average cost of capital (WACC) was calculated to be 14. 3%. Based on the WACC of 14. 3% and the long-term growth rate of 4. 5%, the terminal value for USG was $3. 6 billion. By discounting each periods free cash flow by the WACC of 14. 3%, the sum of the present value of free cash flows for the 5-year period 1988 to 1992 was $1. 3 billion. The present value of the terminal value was $2. 0 billion, also by discounting it by the WACC. As such, the enterprise value for USG was $3. 3 billion ($1. 3 billion + $2. 0 billion). To calculate the stub value, total debt at closing has to be subtracted from the enterprise value. With the total debt at closing as high as $3.1 billion, the stub value was computed at $188 million, or $3. 65 per share. Therefore, the value per share of the leveraged recapitalization was considered to be approximately $45. 65 ($37 + $5 + $3. 65). However, this value might have been too optimistically represented because the debt on the Company was evidently too high and the $5 of junior subordinated debentures might only be worth $1 to $2 per share while the stub value might be diluted to almost nothing, or worthless. Valuation by Multiples From the information available in the case, the transaction P/E multiples in the building products industry were between 11.6x and 13. 4x, with a median of 12. 8x. Multiplying USGs projected 1988 EPS of $3. 46 by the median P/E multiple of 12. 8x gave a $44. 29 value per share. The trading P/E multiples in the building products industry were between 10. 4x and 15. 7x, with a median of 11. 6x. Multiplying USGs projected 1988 EPS of $3. 46 by the median P/E multiple of 11. 6x gave a $40. 14 value per share. Please refer to Exhibit C for more details. It can be concluded that based on the valuation by market multiples (averaging transaction and trading), USGs value per share was worth approximately $42.22. Advantages of Leveraged Recapitalization USGs leveraged capitalization was intended to provide shareholders with a significant distribution of cash and securities and permit them to retain their proportionate long-term equity interest in the Company. As in this case, shareholders would be receiving $37 in cash for each share of common stock, $5 in stated face amount of 16% junior subordinated pay-in-kind debentures, and one share in the newly recapitalized company. The purpose of leveraged capitalization for USG was to defend against the hostile takeover by Desert Partners. To finance the leveraged recapitalization, USG had to raise approximately $2. 5 billion; a majority of that would be used to pay the shareholders. The substantial increase in leverage would discourage outside bidders. In addition, USGs leveraged recapitalization represented a continuation for the Companys long-term decentralization program and an attempt to get each subsidiary to focus on growth opportunities with their specific markets. The Company proposed selling three subsidiaries which was expected to generate $519 million after taxes. The Company would also discontinue any products and distribution channels that failed to pass certain stricter investment criteria. USG would also reduce capital expenditures by up to $100 million per year and operating expenses by $70 million per year. Another good point of leveraged recapitalization is that it stimulates management to perform well as a company. It alerts the Company to cut costs and improve its overall operations. Since USG would be burden with a large amount of debt, it created pressures for the Company to execute its business model and hit performance targets in order to develop cash flow to service its debt. Further, as discussed above, relatively large issue of debt is intended to use for the payment of a large cash dividend to non-management shareholders, and for the repurchase of common shares. The end result is an increase in the ownership share of USGs management. A defensive leverage recapitalization might succeed by returning cash to shareholders that is close to or more than the takeover offer. In the case of USG, we will be discussing and comparing the USG leverage recapitalization value and the Desert Partners offer.

Lebanese Security Issues and Solutions - Syrian Involvement Essay

Lebanese Security Issues and Solutions - Syrian Involvement - Essay Example Other groups that worsen the complication are the participation of the Libyans, Iraqis, Americans and the Russians ("The Lebanese War", 2005). The 15-years war in Lebanon (1975-1990) has begun from the disputes and political clash since the colonial period. One of the factors that aggravated the war was the conflict between the Christian and the Muslim. Added to these are the nearness of the country to Syria, the political revolutions and many other events in Israel and the Palestine Liberation Organization. The growing Arab Nationalism and Socialism in the perspective of the Cold War are the other contributing factors to the conflict in Lebanon. Also included were the trouble between Arab and Israeli, the revolution in Iran and the Palestinian terrorism. To complete the list, the Black September in Jordan, Islamic fundamentalism, and the war between Iran and Iraq are the rest of these factors. The war brought countless of victims. More than 100,000 people were killed and almost 100,000 persons were injured and added to this were the thousands who lost their limbs resulting from the explosion of land mines. More than 900,0 00 innocent civilians were dislocated. More than double of this number migrated to other countries to keep away from the trouble. The Lebanese war can be divided into a number of periods. The outburst of the war was in the middle of 1970s then in late 1970s came the intrusion of the Syrian together with the Israeli. It was then followed by the intensification of the war between the PLO and the Israeli that occurred in early 80s. The invasion of Israeli in 1982 and the involvement of the multinationals were the added factors to the conflict which happened after was the resolution of the Syrian occupation ("History of Lebanon", 2006). Large contingent of Syrian Army was remained in Lebanon as early as 1976. Although the war has ended, the Syrian keeps a total of 14,000 soldiers to maintain the peace and order in the country. With their presence and involvement in Lebanese political affairs, the major political decisions are mostly made in Damascus ("Young in the Arab World: Lebanon", 2005). At first, the Syrian's presence in Lebanon is supported by America for more than 30 years together with the Israelis they favored the stay of the Syrian forces to keep the control of the 300,000 Palestinian refugees in the country. At present, the continuous stay of Syrian troops and its domination to the internal affairs of Lebanon is becoming the concern of U.S. President Bush (Fisk, 2005). Growing number of Lebanese are becoming displeased in long stay of the Syrian troops in the country. The Christians are believed to be the most affected group in the peace and security situation. The presence of checkpoints can be noticed in many parts of the country. Large posters of former President Hafez Assad can be seen everywhere. Spies or undercover agents who are dispersed anywhere brought fear to the people. The Lebanese Government is largely influenced by the Syrian particularly in their major decision making and political exercises. Tension are felt during election, the officials to be elected should be endorsed by Syria. It was only until last year

Strategic Management Accounting Essay Example | Topics and Well Written Essays - 2250 words

Strategic Management Accounting - Essay Example Current Situation Electronic Boards plc is electrical engineering company and it has been in the business since 1970’s. Company has almost 200 employees and it has been profitable over the last several years. Since establishment to 1985 company has been conducting operations without maintaining true accountancy systems. However, financial crisis has hit the company and it recorded a loss of ?1.7 million. This loss also had an impact the liquidity position of the company. The company’s management director Jack Watson has recently decided to develop the management accounting system for the firm to keep the track record of entire operations and to make sure that the company is able to understand how different products are performing. This report will analyze and outline the main factors that the company needs to consider in establishing a useful management accounting function within the company. ... Investing In Different Projects It has been found that the company directly purchases new technology or equipment in order to improve the productivity without analyzing the cost and benefit ratio of the investment. Therefore after establishing accounting system, the management would be able to make decisions by analyzing the cost and return of the investment and thus it can be helpful in increasing the profitability as only profitable investment will be accepted and others will be rejected (Jaffe, 2007). Moreover, it will be helpful in reducing the interest charges and high bank charges as the company will not be investing in every other technology that comes up. Identifying Areas Of Improvements As the company will have proper management accounting system, so with this the company will be able to identify areas where it can reduce costs and thus it can be helpful in increasing profitability. CONCLUSION Management accountings system, once developed, will provide more insight about th e current status of business and would enhance its capacity to ability to develop and enhance its capacity to compete and forecast its future needs. Moreover, the company would be able to improve its profitability and at the same time manage situations like recession in a better way. References Jaffe, J. (2007). Corporate Finance, Pashupati Printers Pvt Ltd: Delhi. Keown, A., Martin, J., & Petty, J. (2011). Foundations of finance (7th ed.). Boston, MA: Prentice Hall. Johnson, G., & Scholes, K. (2001). Exploring Corporate Strategy: Text and Cases. 6edition, Prentice-Hall:

Slave resistance Essay Example | Topics and Well Written Essays - 750 words - 1

Slave resistance - Essay Example the behaviors exhibited by individuals are observable and does not necessarily require the observation of their mental states in order to explain their behaviors in the environments that they live in (New & Cochran, 2007). However, Watson indicated that observable behaviors are the only ones that can be included in the observation rather than those that include subjective emotions. Drawing on this, this essay will delve into the concept of behaviorism with a focus on learning behavior based on the research findings of Pavlov’s dogs and Skinner’s rats. Essentially, behaviorists deem that people can receive training in order for them to execute various tasks irrespective of their genetic composition or their personalities as long as the conditioning is the right one. In this regard, the two types of conditioning are classical and operant conditioning in which most of the adherents of behaviorism abide by. In essence, operant conditioning is a learning method that involves the inclusion of rewards or punishments depending on the behavior exhibited. On the other hand, classical conditioning is another form of behavioral training method whereby there is a natural response in terms of behavior to the stimulating factor applied (New & Cochran, 2007). The terms used to define the two factors applied in this form of conditioning are conditioned stimulus and response. Based on this school of thought, Russian Psychologist Pavlov applied the conditioned response drawing from the behavior that his dogs portrayed when it came to them salivatin g whether or not their master brought food during his entry into the room that they were in. Through research, Pavlov discovered the salivating behavioral trait that dogs tend to have is not a trainable behavior, meaning that the response is unconditioned indicating food is not the only stimulant that provokes this response. In the course of Pavlov’s research, this psychologist unearthed that dogs salivated or exhibited the same