Effects of Globalization on the Micro Level

Globalization was generally derived from the assumptions of neo-classical economics. In order for a country to achieve economic development, it must open its economy to trade liberalization. Trade liberalization serves as a redistribution mechanism of capital and goods. Poor and developing countries can export unlimited volume of goods and services to developed countries. Added to that, the capital inflows from developed countries would serve as a stimulant for capital build-up in the recipient country (developing countries). Because developed countries usually experience labor shortages, labor immigrants from developing countries would serve as the compensating medium. Here economists assume that the â€Å"income† derived from labor migration would then serve as capital outlay. While for many economists globalization is a positive force of development, certain practical issues were laid exposing the bad effects of globalization on the micro-level (individual and communal). There are generally two negative impacts of globalization on the micro-level. The first impact focuses on the condition of the labor force of developing countries (exposed to globalization). It is generally noted while globalization aims for wealth redistribution between developing and developed countries, inequality in terms of income and capital increased (Goldberg, R.K., and N. Pavcnik, 2006). Skilled workers from developing countries are paid less than unskilled workers from developed countries. In China, for example, after opening to globalization, several multi-national corporations (which are based in developed countries) transferred a significant portion of capital to the country. The reason can be derived from the cost of labor in the country. It is estimated that the cost of labor in China is one-eight (on the average) compared to labor cost in developed countries (Goldberg, R.K., and N. Pavcnik, 2006). Multi-national corporations found it rational to shift a significant portion of their capital to labor-rich China. The economic assumptions are clear. Labor surplus would drive the market to realign wages. The more workers, the less average labor price. The inverse relationship between the number of needed workers and labor price pushed these corporations to increase their capital inflow to China. Needless to say, because labor costs are below the market price of labor, these multi-national corporations can increase their profit level, generating new capital (to be transferred to the â€Å"mother† country). Added to that, it was found out that after 10 years of exposure to trade liberalization, China experienced vast disparities in terms of income of its own citizens. Urban workers, on the average, have generally higher incomes than rural workers. Needless to say, these urban workers are generally better off than their rural counterparts. Thus, the vast disparity of income between developed and developing countries is mirrored out in the labor price of urban and rural workers. It can be said that the macro-level effect of globalization resulted to internal income disparities. This owes much to the economic rationalizing of multi-national corporations regarding the â€Å"proper† handling of labor costs. Exposure to longer working hours and poor working conditions are also major impacts of globalization in the workplace. These impacts severely decreased the labor productivity of developing countries. Stallings (2007, pp. 6-7) noted that in Latin America, the opening of several countries to trade liberalization and privatization led to capital build-up in the short-run. Foreign direct investment and other capital inflows contributed to economic growth as well as sustainability of the industrial sector. The labor sector though suffered. The expected level of employment growth as well as improvement in labor productivity in many sectors of several Latin American countries was not met. In fact, some industries like the garment and textile industries suffered from stagnation and high-costs of operations. Several governments were forced to implement longer working hours and tax incentives to several multi-national companies. The general effect: labor productivity decreased by half. Strikes became a common sight in the streets of major Latin American cities. Companies owned by local residents were forced to close as a result of the policy. Multi-national corporations though can easily shift their capital base to countries undeterred by political and economic debacles. We come now to the second general effect of globalization on the micro-level. Globalization requires that all national currencies be on a floating status. This would allow the efficient transfer of capital from developed countries to developing countries. As such, many economists assume that this policy would generally improve the overall economic standing of developing countries in terms of capital outlay and technology acquisition. This is though not the case. Akar (2007) noted that floating currencies would essentially alter the predictability of the market. Inflation, or in many cases stagflation, are usually the main economic problems in developing countries. Because developing countries only own a small percentage of the world’s total monetary reserve, they can easily be affected by price changes in the world market (Kasapidis, R, 1999). Price changes can destroy the predictability of the markets of developing countries. Inflation can become highly unpredictable. Thus, this puts financial institutions on a very high-level of risk. This high risk can be translated to low-level investment schedule of firms. Nonetheless, the overall interest rate increases as a result of monetary downfalls. Increases in interest rate causes inflation and concomitantly, low economic output. On the individual level, as inflation progresses, the present volume of goods and service that can be bought by the value of money is less than the previous volume of goods and services bought. In a simple relationship, globalization requires that national currencies be on a floating status. For developing countries, putting its national currencies on a floating status increases the risks on financial institutions. These risks are translated to high inflation and low economic output. The end: the current purchasing power of a consumer’s income is devalued. Bibliography Akar, O. (2007). Globalization. Available from: [Accessed 24 October 2007]. Goldberg, P.K., & N. Pavcnik. (2006). Distributional Effects of Globalization in Developing Countries. Available from: [Accessed 24 October 2007]. Kasapidis, R. (1999). The Opportunities and Dangers of Globalization. Available from:   [Accessed 24 October 2007]. Stallings, B. (2007). Globalization and Liberalization: A View from the Developing Countries. U.N. Economic Commission for Latin America and the Caribbean. Available from:  [Accessed 24 October 2007].               

Health care Transparency Essay

Health care Transparency is openness about the quality of healthcare provided, sharing information whether it be good or bad for the purpose of improvement. In the past, health care transparency was secretive, people did not want to share patent information for reason of privacy to their clients as well to avoid law suits. However there is a way in which you can share information without violating doctor patient privilege. The future of health care transparency looks as though it is going to improve, I say improve because I agree with Dr. Patrick Crawley that the movement will allow sharing of information therefore allowing improvements to be made leading to less law suits. Really kind of taking on a best practices type of mentality as well sometimes we need others to step in and help work through issues that may arise. Overall I think that hospitals becoming transparent will force improvement, at first I am sure there will be a struggle just as in any new process however once the kinks are worked out improvement will shine through. Health care transparency will help patients make more informed decisions when deciding where to go when care is needed, this may cause longer wait times at first however raising the standards and outing the facilities that are not providing good treatment cause only force them to do whatever it takes to increase standards and service provided. We as consumers need to become more informed decisions makers however with information available to us is limited we are unable to make accurate decisions on where to receive our care. We have systems/sites in which we can choose babysitters, plumbers and other types of services we made need why would we not want to choose our health care facility with the same type of research. Some of this information is already made available by some facilities, such as checking out wait times and even being able to sign up to be seen before even arriving improving the time in which we would wait to  receive care. The more we alignment with this advancement the better the care we will see.

Black People and Tone

Tone is the attitude a writer has about a topic. For example, a tone might be serious, sarcastic, respectful, or unsympathetic. A writer establishes tone through choice of words and details. Directions: Zora Neale Hurston creates a strong tone when she writes about race in this essay. In the second column of the chart, list key word choices and details from the essay that reflect her attitude for each topic. Describe her tone in the third column. Then answer the question that follows. Topic| Word Choices and Details| Tone| Growing up in a town with only African-Americans| She knew no other and just thought it was normal. Laid back,normal| White people visiting Eatonville| NorthernersWhites would just pass thru| Exciting, actors| The difference between Eatonville and Jacksonville| Eatonville was only blacks and Jacksonville was predominantly white with colors being a minority. | Solemn and lonely| The lasting effects of slavery in the United States| People reminding her that she is a granddaughter of slaves| Depressed | How African-Americans and white people respond differently to music| African-Americans feel more depth and soul. It is real they have lived it and white people look for more classical to relax and just enjoy. respectful| What is the overall tone of Hurston’s essay? What point does Hurston make by choosing this tone to discuss the subject of race? Is Hurston’s tone appropriate and effective for her topic? Explain. I believe her tone was excited about her younger years and the fun of just being a kid and knowing nothing about race or discrimination. Towards the end it became more solemn. But she was wrong by no means. Her talk and expression was regulated by her story telling. She only told about her situation and what she experienced. I really enjoyed it.

Childe Harold’s Pilgrimage Essay

Childe Harold’s Pilgrimage is a travelogue written by a melancholic, passionate and expressive tourist. Byron wrote this poem on his travels trough Spain, Portugal, Albania, Greece, Belgium, Switzerland, the Alps and Italy. The hero of the poem, Childe (an ancient term for a young noble awaiting knighthood) Harold is a young extremely emotional man who turns away from the regular society and humanity and wanders through life caring the heavy guilt of mysterious vices of his past. The poem reflects Lord Byron’s views regarding nature and society. In Byron’s Childe Harold’s Pilgrimage we find two opposing forces, one of which is highly idolized by Byron, while the second one is definitely less admired. On one side we are facing the glorious nature, the freedom, the joys of the wilderness and the power of the ocean, while the opposing side is represented by the society, man’s humility, man’s weakness, political and spiritual slavery, illusionary freedom and false love. Byron worships the nature and constantly attempts to escape the madness of the society. Byron was devoted to nature above all, as it is the only thing capable of bringing a man closer to God, eternity and understanding of the unknown. â€Å"To mingle with the Universe, and feel, what I can ne’er express, yet cannot all conceal†, thus, nature is man’s only way of roughly touching the mystifying beyond, the inexpressible, that colossal feeling of the grandeur of creation, which we can not express, yet the most emotional of us are at least able to feel. Nature is our only link to the glorious power of life and universe. Our only way of understanding our selves, our souls and minds is through facing the nature. Lines like: â€Å"Art, Glory, Freedom fail, but Nature still is fair†, reflect Byron’s belief that nature is above all, and that when everything fails, nature is the only thing capable of helping one overcome his emotional troubles. As if he would say that despite the remarkable glory of all those human virtues, none of them is comparable to the force and magnificence of nature. While one force is our society which has a tendency of producing: â€Å"Wealth, vice, corruption – barbarism at last†, the other force is nature, which is named â€Å"nursing nature† by Byron, as he believed that nature is the only thing capable of healing one’s heart and saving one’s soul. He presents an escapist vision of nature, representing nature as an escape from the â€Å"madding crowd†, introducing what we might call some â€Å"environmentalist† ideas. In Childe Harold’s Pilgrimage the society is characterized by the â€Å"hum of human cities torture†, while nature is the escape, a place to which â€Å"the soul can flee†, breaking unrestricted into â€Å"the sky, the peak, the heaving plain of ocean, or the stars†. Byron sees society as a passing phase. â€Å"From society we learn to live† writes Byron, meaning that our physical fatal existence in this world is united and represented by the society, while: â€Å"‘Tis solitude should teach us how to die†, meaning that the true eternity, spirituality and one’s connection to his soul is achievable only through one’s relationship with nature, thus, through a relationship with â€Å"mountains, leaves, and flowers†. Byron is not rejecting the society, but his real object of worship is definitely nature. He declares that there is no truth beyond nature and wilderness, yet the society is not rejected: â€Å"I love not man the less, but Nature more†, thus, man is beautiful and capable of achieving greatness, yet he is mortal and incomparable to the eternal brilliance of nature. Byron never completely rejected society, but his object of adoration and astonishing love is definitely the Nature: â€Å"Nature† with a capital â€Å"N†, as a religious person would spell â€Å"God† with a capital â€Å"G†. Indeed Byron worships nature as one religious fanatic would worship god. Lord Byron believed in Nature above all, as Nature was the only real truth for him.

Strategies in the pharmaceutical industry Literature review

Strategies in the pharmaceutical industry - Literature review Example 2009, p.5). If the toxicity of the compound is proved to be high, then the development of the drug stops (Nishimura et al. 2009). The exclusion of a drug from the drug pipeline can take place anytime up to the last part of the drug development process; for example, even if a drug has been made available to the public the firm involved can decide to withdraw the drug from the market (Nishimura et al. 2009). A drug that is proved to have severe side effects that had not been identified in the pre-clinical or the clinical testing is an example of the above case. Firms operating in the pharmaceutical industry could secure the success of their New Product Development process by employing the ‘Critical Success Factors approach’ (Schuh et al. 2012, p.3). The specific approach promotes the idea that the chances for the success of a business strategy can be significantly increased if the strategy is designed based on a series of factors (Schuh et al. 2012). These factors, as presented in Figure 1a, can affect the design of the business strategy at lower or at higher level depending on the industry involved and the conditions in the business environment (Schuh et al. 2012). In any case, the use of these factors could help a pharmaceutical firm to secure the competitiveness of its new products, as possible (Schuh et al. 2012). On the other hand, Figueiredo and Loiola (2012) explain that a drug development process is characterized by the continuous exchange of ideas; during the process many of these ideas are rejected while news can also appear. However, because the issues that need to be taken into consideration during the particular process can be many it should be wise for the managers working on such projects to screen each stage of the process as carefully as possible (Figueiredo and Loiola 2012, p.21). The economic aspects of drugs, as reflected in their Net

Critically discuss the view that gender is relevant to the study of Essay

Critically discuss the view that gender is relevant to the study of INTELLIGENCE. Ground your answer in theory and illustrate w - Essay Example However, since other variables (age, socio-cultural, and environmental factors, etc.) may also affect brain activity and behavior, the amount of certainty for the differences in cognitive ability between genders base on the innate neuroanatomical brain structure pose complexity for the researchers in measuring individual’s intelligence. To begin with, clinical/educational psychologist Richard Pratt (2009) defined human intelligence as a very special mental capability that, among other things, involves the ability to reason, plan, solve problems, think abstractly, comprehend complex ideas, learn quickly and learn from experience, and it is not merely book learning, a narrow academic skill, or test-taking smartness, but rather but rather reflects a broader and deeper capability for comprehending our surroundings. Academic achievement is one of the most widely accepted aspects of life that reflects intelligence and because achievement is expected to accompany intelligence, a test that correlates with achievements has some evidence that it is measuring intelligence (Hersen, 2004, p. 26). IQ (Intelligent Quotient) test generally measures cognitive ability in the form of intelligence assessment tools. It attempts to measure the individual’s intellectual functioning or the basic ability to understand and assimilate the world and how this knowledge is being applied in life. Various qualities such as factual knowledge, short-term memory, abstract reasoning, visual-spatial abilities, and common sense are measured by IQ test (Rich, n.d.). Commonly-used IQ test tools that provide verbal and nonverbal assessments of intelligence are Stanford-Binet test, Wechsler Scales, and SAT (scholastic assessment test). However, SAT has been criticized for the possible effects of gender bias (Santrock, 2005). In connection to measuring intelligence among individuals, whether gender plays a significant factor that may predict one’s cognitive ability edge has been an interesting issue subjected under many investigations. Various studies were made in different countries all over the world to find any significant difference between the performances of both genders. In Turkey, one study to determine significant gender differences in academic performance among undergraduate students in a large university was conducted in Turkey by Dayioglu and Turut-Asik (2004). This study was based on three indicators; university entrance scores, performance in the English preparatory school, and performance (based on cumulative grade point average or CGPA) in the program where the student is majoring in. Results showed a gender gap in favor of male students in terms of university entrance score, as well as in the performance in English preparatory school. However, female students outperformed their male counterparts in the program where they major in based on CGPA. The authors concluded that despite their lower university entrance scores and under-representation i n most departments, female undergraduate students outperform the males during their college years. Derived results have implications on the gender segregation by fields of study to open and encourage female students to get into lucrative study fields as the study have shown their competence in terms of

The Rise and Fall of the Berlin Wall Essay Example | Topics and Well Written Essays - 2750 words

The Rise and Fall of the Berlin Wall - Essay Example There was entrance for other allies in the war and it grew to be a world war. Germany wanted Britain but Britain could not allow Hitler to acquire it. The war ended with the entrance of America and the subsequent defeat of Japan through bombing of Nagasaki and Hiroshima. The war had increased in magnitude such that not only the death of Helter and his ally Benito Mussolini of Italy would have ended the war. But Germany was left more unstable with the clout rule of Nazi regime that had helped to hold the country together under an authoritarian rule. After the ended to the war the territory that was left that could be termed as Nazi Germany had been divided into four occupation zones according to the postal agreed. Each of the regions was occupied by the allied power, American, British, French and the soviets. The former capital of Germany Berlin was occupied by the allied powers and acted as their center of control of the whole region. It as also subdivided into four zones although the city was in the zone that was occupied buy the soviet.The intention of the agreement that had led to the division of Germany among the powers was in order to govern the country together as one. But immediately after the war there was growing tension between Soviet Union which was working to occupy the superpower vacuum in the world and the allied forced led by America. The era of cold war had just but set in.The advent of cold war saw increasing tension between the forces that had divided Germany among themselves. The French, British and American zone were brought together to form Federal Republic of Germany and West Berlin. On the other hand the region which... Each of the regions was occupied by the allied power, American, British, French and the soviets.   The former capital of Germany Berlin was occupied by the allied powers and acted as their center of control of the whole region.   It as also subdivided into four zones  Ã‚   although the city was in the zone that was occupied buy the soviet.     The intention of the agreement that had led to the division of Germany among the powers was in order to govern the country together as one. But immediately after the war there was growing tension between Soviet Union which was working to occupy the superpower vacuum in the world and the allied forced led by America. The era of cold war had just but set in.   The advent of cold war saw increasing tension between the forces that had divided Germany among themselves.  Ã‚   The French, British and American zone were brought together to form Federal Republic of Germany and West Berlin. On the other hand the region which was under the s oviet rule formed the Germany democratic Republic which included East Berlin.   Therefore the main forces behind division for Germany were the growing differences that were emerging between the allied forces and the Soviet Union which was mainly based on ideological differences between the two forces. (Maddrell, 2006)Growing difference between West and East  The cold war was purely based on ideological difference between the USA and the Soviet Union which was then led by Russia.   This was the main differences that had led to the eruption of the cold war.