Friday, October 25, 2019
Schools and Education - Junior College is the Best Option :: Argumentative Persuasive Essays
Junior College is the Best Option à à à Oftentimes we hear negative opinions and comments about attending a junior college over a university. Through my experiences I feel there are many benefits in attending a junior college. The benefits I have found include: convenience, educational benefits, and financial savings. à à à à First of all, attending a junior college is convenient in many ways. For example, if a student attends a junior college there is a better chance of having someone that you know in a particular class. Knowing someone in a class is a little less scary than being in it all alone. It is also convenient to attend a junior college to be closer to home. If a student decides to attend a junior college, he or she could choose to live at home, which saves money. By attending a junior college a person does not have a long drive home for holidays or weekends. Furthermore, attending a junior college is convenient because students will be able to keep their high school jobs. If they are not able to keep their high school jobs, they are more familiar with other job openings in the area. à à à à Educational benefits is another good reason for deciding to attend a junior college instead of a university. I feel that a student can learn more and get more out of a class lecture when there are smaller classes. It is easier for me to ask questions when the class size is 30 versus 300 students. Having a smaller class means that the instructor will have a little more time for one-on-one meetings and discussions. In one of my classes this semester at Sauk Valley Community College, the professor goes over the tests after grading is done with each individual student. I am sure you won't find this at a four-year college. The classes at a junior college are held in classrooms, and at universities they are often held in big lecture halls. Another educational benefit to attending a junior college is the smaller campus. The campuses at most universities are huge! It takes less time to get from one class to another at a junior college. Most of the time the junior col lege has one main building that holds all the various classes offered.
Thursday, October 24, 2019
Regionalism in India
On 15th of December 1953, when Potti Sriramulu succumbed to death not able to sustain 52 days of marathon fast that was undertaken to demand a separate state for Telugu speaking people, little did he realize that his death would become a launch pad for the dawn of Political Regionalism in India ââ¬â that would in course of time alter the whole landscape of India. But the brand of regionalism that evolved after Potti Sriramuluââ¬â¢s death was legitimate, genuine and logical. It reflected the aspirations of people at that time. It stood for fulfilling the longstanding desire of people to have their own linguistic state. Thus, Andhra Pradesh became the first linguistic state of India. Today, Nellore district of Andhra Pradesh is renamed as Potti Sriramulu. After the death of Sriramulu, reluctant Nehru was forced to accede to the various cries from other parts of the country with similar demands. In 1954, a States Reorganization Committee was formed with Fazal Ali as its head, which recommended the formation of 16 new states and 3 Union Territories based on the language people spoke in those respective regions. This heralded a new phase in the Indian politics. The subsequent movements for separate states and territories gave birth to slew of regional parties which eventually became prominent in national level and thus started coalition culture in Indian politics. Regionalism: Meaning Regionalism is a feeling or an ideology among a section of people residing in a particular geographical space characterized by unique language, culture etc. that they are the sons of the soil and every opportunity that exists in their land must be accorded to them first but not to the outsiders. It is a sort of Parochialism. In most of the cases it is raised for expedient political gains but not necessarily. Growth and Development Regionalism in India can be traced back to Dravida Movement started in Tamil Nadu. The movement initially focused on empowering Dalits, non-Brahmins, and poor people. Later it turned against imposition of Hindi as sole official language on non-Hindi speaking areas. Finally, the movement for some time focused on seceding from India to carve out their own Dravidastan or Dravida Nadu. The movement slowly declined and today they have become prominent regional parties after many splits and factionalism. Throughout India regionalism persisted. In Maharashtra Shiv Sena against Kannadigas in the name of Marathi pride and recently MNS activists against Biharis; in Punjab against non-Punjabis that gave rise to Khalistan Movement and earlier Akali Movement; in Andhra, Telangana Movement with an aim of separate state; in Assam ULFA militants against migrant Biharis and Bengalis; in North-East against other Indians. It can be traced that regionalism slowly turned from non violent means to violent means to achieve their goals. From Potti Sriramuluââ¬â¢s non violent means of fatsing to Maharashtra Nav Nirman Sena (MNS) and ULFAââ¬â¢s violent means, regionalism has come a long way. Regionalism in present day India is readily used for political gains by petty politicians and secessionist organizations. Economic reasons are exploited for political dividends. When violence is used against people in the name of regionalism it is a criminal act and is punishable. Article 19 of the Constitution of India provides a citizen of India to move freely throughout the territory of India, to reside and settle in any part, and to practice any profession, or to carry on any occupation, trade or business. When ULFA (United Liberation Front of Assam) militants or MNS(Maharashtra Navnirman Sena) activists used violence against poor migrant workers, they clearly violated law of the land and also the Constitution which is above all, even above the Parliament. Do we need to fear Regionalism? No. Regionalism in India is only a short cut to attain the political ambitions by emotionally exploiting the sentiments of the people. The fear of Balkanization is void of any logic. India is bound by a common culture that has flourished on this land many thousand years ago. I may be Kannadiga or Tamil but I am an Indian first. My identity outside India is that of an Indian. The states which fought for complete independence are now part of Indian Union and they have renounced for some extent violence; they include Mizoram, Nagaland, Kashmir, Bodoland, Tamli Nadu. India is too big for these states to fight against and win. Today regional parties define how the governments are formed and conducted both at the centre and the state level. Indeed it is a good development as some political entities such as RJD, BSP, LJP, DMK, AIADMK, BJD have to some extent represented those people who were neglected in the political process for long time. As long as they thrive for regional development without discriminating against outsiders, regionalism is good for India. Every Indian is a son of this soil. A Bihari becomes Mumbaikar when a bomb explodes in Mumbai and a Mumbaikar becomes Bihari when Kosi wrecks havoc in the plains of Bihar. We are united by an idea called India and that unity is imperative if we want to do a ââ¬â¢Chineseââ¬â¢ thing in future ââ¬â that of actually walking on the path to becoming a global superpower instead of daydreaming
Wednesday, October 23, 2019
Globalisation on Jamaica Essay
1. Causes of globalization affecting Jamaica: * For Jamaica, the main reason for globalization was darker. The energy Crisis of the early 1970s forced the Jamaican Government to take out loans from the International Monetary Fund and the World Bank to cover the rising expenses of fuel based imports. However they werenââ¬â¢t interested in cooperating with Jamaica in developing native infrastructure and resources, so they enforced a short-term repayment of the debt, budget cuts in areas supporting long term development, and removing all trade barriers that favored local industry and farming. Thus, this started the forceful movement of ââ¬Å"globalizationâ⬠in Jamaica. Three negative globalization cases with causes and effects: * The first one involved Jamaicaââ¬â¢s dairy industry. Due to free trade agreements between the United States and Jamaica, dairy farmers in Jamaica had to directly compete with American farmers without any subsidy aid from the government. This resulted in the influx of cheaper powdered milk into Jamaica from the USA, destroying its entire dairy industry altogether and farmer selling cows to the slaughterhouse at a loss. The effect of globalization on Jamaica in this case, only fostered dependency on other nations rather than focusing on its own economic development. * The second case is caused by the ââ¬Å"Banana Warsâ⬠between Europe and America. Britain had a long-standing trade agreement with Jamaica that favored their banana exports as a way of compensating for their legacy of colonialism. This brought about complaints to the World Trade Organization (WTO) by the USA backed up by large agricultural multinational corporations like Dole, Chiquita and Delmonte who at the time already had 95% of the worldââ¬â¢s banana trade, citing it as unconstitutional and against WTOââ¬â¢s policy. The ruling of WTO in USAââ¬â¢s favor and an international penetration of trade into Jamaicaââ¬â¢s biggest banana market ensured yet another downfall upon one of the countryââ¬â¢s most profitable industries due to the lack of production efficiency. * The third case came about due to the increasing economic stagnation and poverty in Jamaica. To combat this, the government agreed to create Free Trade Zones in Kingston where governmental enforcement does not apply. Ships would unload materials cut in the USA and Jamaican workers would sew garments in huge textile assembly plants near the docks for Hanes, Brooks Brothers and Tommy Hilfiger at $30 per week. These wages were not enough to sustain their standard of living and when protests emerge, the owners simply closed down their shops and relocated to Mexico, where a cheaper work force can be found. This is an example of the ââ¬Å"race to the bottomâ⬠stemming from the effects of globalized capitalism. As a result, it leaves Jamaican citizens with lose or lose situation to either comply with unfair demands of employers or risk unemployment. 2. 3 examples in making Global Labour fair * In order to make Global Labour fair, three sectors of society, government, multinationals and civil societies must work together using their own sets of expertise. * The first example involves the Clinton administration regarding their stance on trade in 1996. The government provided the resources and the stage to gather civil societies such as human rights NGOs and trade unions, industry leaders, and its own department of labor to discuss about responsibilities in Global Labour. Civil societies present at the meetings gave ideas and insights about developing a global code of conduct in making labour fair as well as NGOs such as the Fair Labour Association provided awareness to the public about this matter. Then multinationals and industry leaders collaborated by implementing this code of conduct throughout their supply chain, terminating contracts from their suppliers if specific labour conditions are not met. Thus forcing the improvement of Labour standards. * The second example involves the New Zealand Recognized Seasonal Employers Scheme (RSE) to relieve seasonal shortages in the NZ horticulture and viticulture industry through an overseas labour force. The NZ government collaborated with other governments of the Pacific Island Regions to provide the legal requirements and immigration processes to facilitate the influx of workers. Businesses provide employment opportunities to the migrant labour force. On top of that, the government established an evaluation board which includes NGOs such as The New Zealand Council of Trade Unions to monitor key activities, evaluate outcomes and ensuring equity and respect for migrant worker rights. The collaborations between this three sectors of society (government, businesses and civil societies), made sure the benefits of global trade between NZ and Pacific Island Countries are mutual. * The last example includes the consumer goods multinational, Unilever who has taken significant strides in sustainable living regarding the 2001 mercury poisoning in Kodaikanal, India. NGOs such as Greenpeace were responsible of raising the issue to Unilever about scrap glass containing mercury from a Unilever thermometer factory being sold to a scrap dealer located nearby. This was a breach of Unileverââ¬â¢s procedures as workersââ¬â¢ health and then environment could be adversely affected. Unilever immediately closed the plant and removed the glass scraps and the soil beneath the scrap back to the factory. After negotiations, the Indian and US governments were responsible for providing Unilever legal permits for transporting and recycling these hazardous materials in the United States. The commitment of Unilever in ethical choices combined with the cooperation of civil societies and government organizations help prevent a potential fatal disaster that protected the welfare o f international labour. 3. Joseph Stiglizââ¬â¢s plans or conditions for making globalization work: * Eliminating or reducing poverty through more foreign assistance from advanced industrial countries to 0.7 percent of their GDP. Although I feel itââ¬â¢s a good idea for countries to redistribute wealth to disadvantaged nations in order to help make globalization work, I also think that imposing a general level of GDP assistance without consideration of a countryââ¬â¢s individual economic conditions is unfair. In recent years, we saw the EU struggling with the financial collapse of Greece and the spread of investor uncertainty throughout its member nations. In this case, I felt that a reduction of foreign aid to focus on own problems is understandable because if developing nations lose a big trade partner such as the EU due this matter, results will be worse off in the long run for both parties. * Stigliz also suggested that this foreign assistance should be given in forms of grants instead of loans as well as and an altered approach to conditionality. I agree with this Idea as we saw earlier with Jamaica, most developing countries face the same problem of debt. Jamaica was forced by the IMF and the World Bank to open up trade barriers which forced dependency on other countries and the destruction of local industries. In addition to that, most governmental spending as well as any foreign earnings from exports is used to service this debt and its ever-growing interest instead of investing in the countryââ¬â¢s long term development. This severely limits Jamaica from restarting its own economy, making globalization benefits one sided. * Making trade fair is also on Stiglizââ¬â¢s agenda. For example, removing trade tariffs of developed countries before imposing them on disadvantaged countries. I agree upon this idea and my argument can be built again based on the collapse of Jamaicaââ¬â¢s agriculture industry. Potato, onion, carrot farmers have to directly compete with USA on a level playing field by removing trade barriers. However whether this situation is equal is questionable since the USA still maintains its large agricultural subsidies to aid its own farmers forcing down prices of their own produce. This renders Jamaican farmers uncompetitive due to high borrowing costs and lack of governmental aid. I feel this is unfair as this undermines the living standards of developing countries such as Jamaica and advanced countries only benefit from the trade. Lowering trade tariffs in developed countries first allows developing countries a fair chance to adapt to changes in the economy. * Stigliz acknowledges the limitations of liberalization are important. This is shown with the Washington Consensus based upon the concepts of liberalization forged between the World Bank, IMF and U.S Treasury which focused on the downscaling of government, deregulation, and privatization. Argentina who followed the Consensus initially had expansion of investment and export volumes. However what followed was a disappointing increase in unemployment, poverty, inequality, crime and violence. I feel that the reason the consensus failed to revitalize the economy was that they employed a one-size-fits-all mentality. There was an overemphasis on GDP measures which was inefficient in measuring living standards, growth sustainability and equality. Thus these factors are ignored and contributed to the failure of the policy. Therefore, I believe that understanding the local market, government and their individual economic problems apart from just imposing liberalization is crucial in order to make globalization work. * Stigliz mentioned protecting the environment is a growing concern for globalization. The success of economic development in China and India increases the need for energy usage and the use of resources. I agree with Stiglizââ¬â¢s notion that the worldââ¬â¢s environment would not able to sustain this change. This year, there was a public outcry of Beijingââ¬â¢s air pollution when the Air Quality Index in the city saw a staggering reading of 755. As a comparison, any reading above 100 is considered hazardous for sensitive groups. This is attributed to the exponential increase in industrial activity in China. Although China benefits from an economic boom, I feel people must realize the cost of this endeavour to its citizens as it is irresponsible to ignore the negative health effects it causes. Enforcing people to work under these conditions is no different to taking advantage of unfair Labour consistently found within the poor working conditions in developing countries.
Tuesday, October 22, 2019
The Financial Crisis
The Financial Crisis Introduction Even though many intellectuals held that deregulation, poor supervision, lack of liquidity, casino banking, and Gaussian copulas are some of the factors that caused the financial crisis, failure to view the crisis from a multilateral perspective further heightened the situation. This is evident from the roles that international governments like the International Monetary Fund (IMF) and the European Union (EU) play.Advertising We will write a custom critical writing sample on The Financial Crisis specifically for you for only $16.05 $11/page Learn More Therefore, risk management within the banking industry did not have to stop within the UK. In addition, managing the risks ought not to have been left solely to the bank employees and management. For proper risk mitigation, all stakeholders ought to have learnt all the possible risks that may occur in the sector. In this line, the financial institutions would have distributed the risk to all the st akeholders. Instilling financial literacy in stakeholders only could have been a positive move towards risk management strategies. On the other hand, some risks are extremely complex, thus may require the attention of expertise or technocrats. This may be absent in some stakeholder, hence making collaboration difficult. Having been used in the implementation of Basel II Accord, collaboration allows specialists to devise their own risk management approaches (Who was responsible for the financial crisis? n.d.). With this nature of approach to risk management, all stakeholders need to acquire basic financial literacy. Notably, creating a network of risk managers eliminates unknown risks, popularly referred to as Black swans. Moreover, the network enables individuals to question assumptions in the risk management process, avoid overreliance and belief on models, as well as impart skills to distinguish between predictable and unpredictable risks. For proper risk governance, individuals m ust interrogate the validity of the rules put forward for implementation; this eliminates instances of failure in managing risks. Banks might have had limited resources to recognise the extent of the financial risks. The involvement of many players in the management systems of banks makes it out rightly difficult to blame banks for the financial crisis. The intertwined system makes it difficult for banks to act outside the outlined frameworks. To manage such financial crises effectively in future, there is need for wider responsibility using the concept of knowledge supervision. Therefore, the United Kingdomââ¬â¢s government and international governments are also to blame for the failure of risk governance.Advertising Looking for critical writing on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More They ought to have involved expertise in the entire process, as well as trained all stakeholders on financial lite racy (Who was responsible for the financial crisis? n.d.). In essence, risk management requires a collective approach to avoid massive financial catastrophes. Risk Management Process The consequences of the financial crisis have made banks and other financial institutions to employ stringent measures of managing risks. However, the stern measures lacked strong implementation forces, as well as a centralised point to coordinate the entire process. Risk identification and categorisation use modelling, brainstorming, interviews, and analysis of project plans and different scenarios as key methods. After identification of risks, evaluation and ranking occurs in order to prioritise risks for management and effective allocation of resources in any sector. Under risk management, there are four key stages irrespective of the sector of application. Risk awareness, assessment, evaluation, and absorption are the four stages of managing any form of threat. In the banking industry, risk manageme nt remains the best option to curtail possible financial scarcity. If the banks could have understood the liquidity issues and the need for effective regulation, they could have put up necessary measures to curb the eventual financial meltdown. From the manner in which the banks dealt with the situation, it is evident that lack of unrivalled coordination was absent. Under risk awareness, identification of possible risks that can affect the banking industry is examined. After proper risk awareness or identification, it becomes easy to assess all the sources of such risks. In this stage, each risk receives a specific assessment procedure to ascertain its level of influence in case it occurs. The uncertainty perspective approach is the most preferable approach in the risk identification segment given that it does not only determine all possible sources of threats, but determines also all possible sources of positive risks or opportunities. With increasing changes in the banking industr y, there are always unrelenting follow-ups and frequent updating of the identification lists as per the knowledge and comprehension of the business atmosphere. If the approach could have been applied, the financial crisis could not have occurred.Advertising We will write a custom critical writing sample on The Financial Crisis specifically for you for only $16.05 $11/page Learn More Risk assessment helps firms to group risks according to their severity. The process helps financial strategists to prioritise risks as per their occurrence probability, as well as address uncertainty through effective decision-making. After risk assessment, vivid evaluation and estimation in terms of the probability of occurrence and consequence take place. Here, a clear comprehension on the major effects of the risks on the operations of financial institutions is imperative. Evaluation and ranking occurs in order to prioritise risks for management and effective allocation of re sources. The financial institutions ought to have evaluated all possible causes of financial crises, as this would have made it possible for the sector to absorb all the risks, which led the country to one of the worst financial crisis. In risk analysis within the banking industry, remedies like holding greater amounts of capital reserves in terms of liquidated assets could have minimised the extent of the crisis. Notably, the entire risk management process requires the inclusion of several numbers of actors; the actors should have sufficient skills in financial operations. This could have ensured that there is complete accountability and authority, shared responsibility, interdependence, and coordination of governmentââ¬â¢s roles. Shareholders, customers, government, and SMEs have close tie with banks; these stakeholders ought to have adequate knowledge on bank operations in order to be in a position to avert such disasters (Who was responsible for the financial crisis? n.d.). I n the case of stakeholders, there are voluntary and involuntary groups. For instance, the government can set boundaries for its financial institutions to follow in their operations. This did not occur at the time of the crisis. Since no single stakeholder can provide knowledgeable supervision on banking risks, the entire group of stakeholders ought to have taken full initiative of providing supervisory duties to the banking industry. Moreover, a systematic approach to managing risk as opposed to event-focused approach works well for the banking industry, as the former involves monitoring of signals, making use of existing knowledge, instead of searching for the unpredictable aspects.Advertising Looking for critical writing on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Even though financial institutions had put in place some risk management strategies to curb the crisis, less was done to move the whole process to completion. This made the risk management process ineffective, thus failing to address the crisis. Conclusion In essence, the governmentââ¬â¢s coordination role, shared responsibility, interdependence, and authority versus accountability are the basic principles in controlling the occurrence of financial shocks in an economy. International governments and financial institutions, such as banks have to understand that financial literacy has to cut across the masses in order to support risk governance using both the old and new models. Since the society establishes the boundary of bank operations, it remains vital that knowledge supervision should be part of the society and those within the banking industry. The crisis required a collective approach to avert its massive effects on other sectors of the economy. Reference Who was responsibl e for the financial crisis? n.d..
Monday, October 21, 2019
The Role of Offshore Outsourcing in Contemporary International Business The WritePass Journal
The Role of Offshore Outsourcing in Contemporary International Business Introduction The Role of Offshore Outsourcing in Contemporary International Business Introduction Offshore outsourcing is a term most widely used in todayââ¬â¢s international business prospective describing the companies contracting or subcontracting their service or manufacturing oriented jobs and business functions to a location beyond their national boundaries. The trend started in 1980s with the amplified import of materials used in basic US manufacturing industry from about 10.5% to 16.2% and in hi-tech manufacturing such as electronics and computers from 26% to 38%. These created a hint of belief in the western companies about the benefits of using offshore outsourcing to their advantage and reduce their cost and enhance the product quality. The incentive seen by western companies was the low cost manufacturing driven by cheap labor cost abroad especially in the eastern part of Asia such as China, Taiwan, and Philippines etc. In todayââ¬â¢s scenario offshore outsourcing is majorly motivated by the relocation of service based business process such as call centers, info rmation technology, document management, accounting and tax processing to the emerging economies such as India and China. Reduced communication costs, standardized software and international procedures have fuelled offshore outsourcing to immense extent. The dissembling of production process and introduction of value chain system boosted the need of globalization and with it outsourcing by adding value to a single product at different parts of the world. All major corporations over the world are striving for economies of scale and to capture and fulfill demands of every possible segment of the market, regarded as a major reason behind offshore outsourcing. According to XMG Global the outsourcing market value is in tune of US$ 373 billion with its portfolio ranging from banking, travel, automobiles and telecommunication etc.( www.businessweek.com, 25 Sep 2009). In global prospective China is leading the way in production offshoring and India in service offshoring. The western companies which were more financially sound and capable than their counterparts in rest of the world started the trend of offshore outsourcing. They realized that focusing on their core competencies will bear them more lucrative fruits in long run rather than spending their critical resources on processes which were categorized as strategically less important. Ever increasing globalization, swiftly changing technology, increasing demand and constant shift in taste of consumers forced managers to differentiate their offerings and increase operational efficiency of the firm. They started segregating the components involved in the business process and outsourced them to places around the globe at lesser cost with almost equal qualitative delivery. The larger dollar value compared to the currencies of the emerging economies made the offer attractive for both the customer firm and the vendor. Services are usually measured to be very labor concentrated and are not regarded unde r core competency for majority of the firms is the key target for outsourcing to low cost economies (Elmuti and Kathawala, 2000;à Purcell, 1998). While labor cost constituted almost 70 per cent of call center costs in the USA, they only account for approximately 30 per cent of costs in India.(Loh and Sharma,2009) Western companies take benefit of these differences by using capital equipment more intensively (more shifts), using cheaper (unbranded) capital equipment, and reducing automation (replacing capital with labor) (The McKinsey Quarterly, 2003) cited in (Loh and Sharma,2009). The fees in service outsourcing are usually charged as per usage basis changing the fixed cost into variable costs proving advantageous for them. Western Companies can add extra market value and increase their savings significantly through outsourcing, while focusing majorly on their core proficiency. Apple Inc used this feature to its success and is a prime example of a firm concentrating on its core c ompetency and outsourcing rest of the process to remote location. The product designing is done at its California headquarters while the manufacturing is done in China and the delivery is completed by a different vendor, every procedure is done under a strict quality control making Apple an untouched leader in its segment. There are major risks also involved with the outsourcing of the services to an unknown vendor in the other part of the world. Risks range from privacy and security violations, diminished technical returns, hidden costs, loss of expertise and difference in cultural values of the vendor and the consumer nations. There is always an emphasis on meeting of the Service level agreements to maintain the quality of the services being delivered. The North American free trade agreement (NAFTA) gave a big thrust to shifting of manufacturing related process from US to Mexico, the trend later benefited China which offered the same products on more competitive cost because of the very low wages, few workers rights and higher value of US dollar compared to fixed valued Yuan. Wal-Mart Stores Inc. the biggest retailer in the world is the emblem of Chinese export to the US market. It is expected to increase its imports from China to US$ 18 billion up by 20% compared to last year (China Daily, 18 March 2011), this shows the advantage of offshore outsourcing with increasing sales revenue for the firm and better strategic opportunism by getting its goods just in time and of the superior quality as demanded by the Wal-Mart. So far 70% of the products sold in Wal-Mart are imported from China. (China Daily, 18 March 2011). The workforces concerned with the Western Companies are majorly affected if the company decides to go for offshore outsourcing. Almost 3 million manufacturing job has been relocated from the developed economies to the emerging low cost nations due to offshore outsourcing(Whalen, 2005), the figure is 3.4 million for the service industry further inducing fear and stress in a major chunk of population to lose their job in near future(Associated Press, 2004). Another concern is the workers losing their jobs due to Outsourcing have to forcefully settle for almost 20% less reduction in pay. (Whalen, 2004)à . The supporting division of offshore outsourcing believes that outsourcing has created new positions domestically. By displacing one thousand jobs to India in 2003, Delta Airlines reduced its cost by $25 million. This money was utilized to create 1200 new reservation and sales jobs in US (Weidenbaum, 2004).à Outsourcing the low skill jobs has shaped an opportunity to create a niche and expert workforce in the core ield of the company. In some cases the employees of the customer firm are hired by the outsourcing vendor to get the insight technical expertise. The emerging market companies were the second beneficiaries of the globalization and offshore outsourcing. The examples of offshore outsourcing in the manufacturing are the electronic components, Apparels, toys and consumer goods in China, Thailand, Korea, Indonesia, India and Malaysia. While the service sector offshore outsourcing is mainly done from India, China and Philippines. The emerging market companies have the chief advantage of cheap labor compared with their western counterparts which reduces the production costs significantly. Emerging market companies can move up the ladder from low value to high value in the global supply chain and gain invaluable technical expertise which it can use for further developments and acquiring new customers.à India gained with this recent development from its huge pool of technically efficient and English speaking manpower. There are around 2.5 Million IT/ITES professionals in India (NASSCOM, 2011) .Western Multinational Companies are int ensifying offshore operations insistently in India, even as offshore vendors continue to grow at home (Associated Press, 2007) and abroad (Hamm, 2007) cited in (Sharma and Loh, 2009). In India the total value of Outsourcing is valued at US$ 88.1 billion in FY2011 up significantly from US$ 76.1 billion in FY2010 and it has become a noteworthy part of national GDP with a contribution of 6.4% (NASSCOM). The important companies being Tata Consultancy Services (TCS), Infosys, Wipro and Mahindra Satyam. Narayana Murthy, cofounder and chairman of Infosys states that India has a competitive lead and that successful offshore outsourcing involves the development of distinctive capabilities, rather than simply offering low labor costs. (Strategic Direction,2004) The offshore outsourcings have also created some challenges for the emerging market companies which are of great concern to both nation and society. The growth shown is not very well spread and concentrated on a very few parts of country and population. The companies are more focused on catering the needs of foreign multinationals thus neglecting the domestic market needs. There is a huge amount of investment required in training and keeping up to date with the needs of overseas customers. If the service delivery of the vendor is not as per the customer requirement and if the privacy and security issues are compromised there is a possibility of legal hassle between them. The workforce involved with the emerging market companies has the opportunity to enhance their career with the growing market needs and acquire more knowledge and expertise in their field. The disadvantages of offshore outsourcing are sometimes the exploitation of the workforce in terms of long continuous working hou rs and very low salary. The poor condition of workers in factories producing leading apparels in Indonesia is the prime example of this type of exploitation. The workers are mostly bounded by legal contracts to serve their company for a longer period of time barring them to move to better jobs. The offshore outsourcing has thus created wealth for both western as well as for the emerging market companies and bridged the gap across the national boundaries. It also has created many challenges for to be overcome in the near future and derive the world towards a better future and prosperity. Bibliography: Associated Press. (2004) Study: Offshoring of U.S. jobs accelerating.à MSNBC.à Retrieved October 8, 2007 from www.msnbc.com/id/5003753. associatedcontent.com/article/2183103/the_effects_of_outsourcing_does_it_pg3.html?cat=3 [Accessed: 17th March 2011 ] Ellram, L and Tate, W. 2009. Offshore outsourcing: a managerial framework. Journal of Business Industrial Marketing 24(3/4). Pp. 256-268 Elmuti, D., Kathawala, Y. (2000), The effects of global outsourcing strategies on participants attitudes and organizational effectiveness,à International Journal of Manpower, Vol. 21 No.2, pp.112-28. Emerald Group Publishing Limited. 2004. The rise of offshore outsourcing to India. Strategic Direction 20(4). pp: 14-16 Frank G. and Tafti, M. 2005. Risks factors associated with offshore IT outsourcing. Industrial Management Data Systems. 105(5). pp:549-560 Kumar, S. et all. 2009. Risk mitigation in offshoring of business operations. Journal of Manufacturing Technology Management 20(4). pp: 442-459 Patricia, L and Sharma, A. 2009 .Emerging trends in sourcing of business services.Business Process Management Journal 15(2). pp: 149-165 Purcell, K. (1998), In-sourcing, outsourcing, and the growth of contingent labour as evidence of flexible employment strategies,European Journal of Work and Organizational Psychology, Vol. 7 No.1, pp.39-59. (The) McKinsey Quarterly (2003), Offshoring and beyond,à The McKinsey Quarterly, November businessweek.com/globalbiz/content/sep2009/gb20090925_476872.htm [Accessed: 17th March 2011 ] Weidenbaum, M. (2004, June). Outsourcing and American jobs.à Weidenbaum Center breakfast presentation at Washington University in St. Louis.à Retrieved October 6, 2007 fromhttp://wc.wustl.edu. Whalen, C. (2005) Research note offshoring: still a threat to workers.à WorkingUSA,à 8(6), 717. Retrieved October 5, 2007 from Business Source Complete database. chinadaily.com.cn/english/doc/2004-11/29/content_395728.htm [Accessed: 17th March 2011 ] nasscom.in/upload/Publications/Research/140211/Executive_Summary.pdf [Accessed: 17th March 2011 ] Associated Press (2007), India IT cos to hire 1 lakh In 07-08,à Express India, April, available at: www.expressindia.com/fullstory.php?newsidââ¬â°=85509 (accessed 17 August 2007), Hamm, S. (2007), Guess whos hiring in America,à Businessweek, June, available at:www.businessweek.com/globalbiz/content/jun2007/gb20070613_771470.htm?chan=search (accessed 17 August 2007), . (The) McKinsey Quarterly (2003), Offshoring and beyond,à The McKinsey Quarterly, November
Sunday, October 20, 2019
What Is Clonidine HCL 0.1 Mg Dosage, Effects, and Safety
What Is Clonidine HCL 0.1 Mg Dosage, Effects, and Safety SAT / ACT Prep Online Guides and Tips Have you recently started taking Clonidine 0.1 mg pills or been told that youââ¬â¢ll be prescribed them to treat a specific illness or symptom? If so, youââ¬â¢ve come to the right place. In this article, Iââ¬â¢ll explain what Clonidine HCL is, what it treats, how to take it, and what you need to know to safely use the drug. What Are Clonidine 0.1 Mg Pills Used For? Clonidine HCL is a drug used alone or in combination with other medications to treat high blood pressure. Clonidine is a type of drug known as a central alpha agonist that works in the brain to lower blood pressure by relaxing blood vessels so blood can flow more easily. Clonidine HCL Dosage and Administration Clonidine pills come in three different dosages that each have different markings and colors, though all are circular in shape. Check out the chart below for more information on Clonidine HCL tablets. Dose (mg) Color Marking 0.1 Tan BI 6 0.2 Orange BI 7 0.3 Peach BI 11 As you can see from the chart, Clonidine comes in three doses: 0.1 mg, 0.2 mg, and 0.3 mg. Your doctor will determine your dosage in order to properly treat your symptoms. Typically, youââ¬â¢ll take Clonidine by mouth twice daily, once in the morning when you first wake up and once at bedtime. If you have two different doses, you should take the larger dose at bedtime to minimize side effects. You can also receive Clonidine as a transdermal patch worn on your skin. Clonidine HCLââ¬â¢s effectiveness may diminish over time. If youââ¬â¢re taking Clonidine over an extended period of time, you may have to increase your dosage. Do not stop taking Clonidine suddenly, or you may experience adverse withdrawal symptoms. Your doctor will be able to help you safely stop using the drug. Clonidine HCL Brand Name and Manufacturer Catapres is the brand name of Clonidine HCL tablets, manufactured by Boehringer Ingelheim. There are also several generic versions of Catapres that are approved for use. The following manufacturers also produce Clonidine 0.1 mg tablets: Actavis Elizabeth Doses: 0.1mg, 0.2mg, 0.3mg Alembic Pharms LTD Doses: 0.1mg, 0.2mg, 0.3mg Frontida Biopharm Doses: 0.1mg, 0.2mg, 0.3mg Impax Labs Doses: 0.1mg, 0.2mg, 0.3mg MYLAN Doses: 0.1mg, 0.2mg, 0.3mg Prinston Inc Doses: 0.1mg, 0.2mg, 0.3mg UNICHEM Doses: 0.1mg, 0.2mg, 0.3mg Yung Shin Pharmaceuticals Doses: 0.1mg, 0.2mg, 0.3mg Clonidine HCL 0.1 Mg Tablets Side Effects As with any drug, Clonidine HCL 0.1 mg pills can cause both minor and major side effects. Some side effects do not require medical attention and may disappear with time. Others are more serious and require immediate medical care. If youââ¬â¢re concerned about a side effect youââ¬â¢re experiencing while taking Clonidine HCL, you should contact your doctor. Minor Side Effects The following side effects are minor and do not require immediate medical care. However, if you experience any of these side effects and they worsen, are bothersome, or if you have any questions about them, you should speak with your doctor. Constipation Darkening of the skin Loss of appetite Nausea or vomiting Decreased sexual ability Dry, itching, or burning eyes Major Side Effects The following side effects are more severe and require medical attention from your doctor. Mental depression Swelling of the feet and lower legs Chest pain and discomfort Disorientation and confusion Anxiety Pounding, slow heartbeat Hyperventilation, Trouble with sleeping Fever Skin Rash Shortness of Breath Symptoms of Overdose Itââ¬â¢s possible to overdose on Clonidine HCL. If you or someone you know experience any of the following side effects, you should seek immediate emergency medical help. Extreme dizziness or faintness Feeling cold Pinpoint pupils Extreme tiredness or weakness Precautions for Taking Clonidine 0.1 Mg Pills Before starting a new drug, itââ¬â¢s important to keep your doctor informed about your medical history so he or she can prevent any potentially dangerous side effects. In particular, make sure you inform your doctor about allergies and any history of kidney disease or heart rhythm problems. Interactions to Avoid While Taking Clonidine HCL Clonidine HCL can make you dizzy or drowsy, so you should avoid operating heavy machinery or driving while taking the medication until youââ¬â¢re sure that you wonââ¬â¢t have bad side effects. You should also avoid drinking alcohol while taking Clonidine HCL. Tell your doctor or pharmacist if youââ¬â¢re taking any medications that may also cause drowsiness, such as narcotic pain relievers, antidepressants, antihistamines, or cough-and-cold products, as these may increase the likelihood of you experiencing severe drowsiness while on Clonidine HCL. Recap: What Is Clonidine 0.1 Mg? Clonidine HCL is a medication used to treat high blood pressure. It relaxes your blood vessels so that blood can move through your body more freely. Clonidine HCL comes in three standard doses: 0.1mg, 0.2mg, and 0.3mg. Your doctor will work with you to determine the dosage thatââ¬â¢s right to meet your needs. As with any drug, Clonidine HCL has potential side effects, ranging from minor, such as constipation, to major, such as mental depression. If youââ¬â¢re experiencing any side effects that cause you discomfort or seem particularly dangerous, you should contact your doctor.
Saturday, October 19, 2019
The Positive and Negative Effects of Outsourcing Research Paper
The Positive and Negative Effects of Outsourcing - Research Paper Example However, outsourcing impact on the economy is widely debated in order to ascertain its inevitability or otherwise. In American society, the debate has not lasted as yet and both sides have some solid evidence to favor their arguments. Although the argument that denies the inevitability of phenomenon claims it to be a major cause of unemployment in America, the positive impact of outsourcing on the economy cannot be rejected altogether. As a matter of fact, there is a fair amount of subjectivity in the questions like where, when and how outsourcing should be employed and the detrimental effects of outsourcing on US job market are a reality but another reality is the importance of these outsourcing companies to the US economy. Although cost is the key factor while making a decision of outsourcing, it must also be a strategic decision at the same time. A strategic decision takes into account the capabilities of company's resources, challenges at hand, benefits and key factors that favor outsourcing. The strategic outsourcing prevents the outsourcing of goods, services, and labor that are critically important to the function of the company. At the same time, strategic outsourcing can take into account the expected impact of an outsourcing decision on a national economy. The establishment of a separate formal Officials authority might be a good idea to evolve a regulating mechanism and to strike a balance in outsourcing decisions. Nevertheless, purging it all together is not an option.à Pacing with rapid changes in business dimensions has become a demanding challenge for business leaders in diminishing geographical limitations. Technology in general and cutting-edge communications in particular drastically redefines business operations in terms of resources. The globalization has vast and vivid repercussions on business domains and business leaders have to be very knowledgeable and current on prevailing trends in human resources, purchases, and supplies to manage these effects in their specific domain. The globalization of businesses and advancement in technologies to support these global business operations have reduced the geographical limitation of engaging low cost human and material resources while managing supplies of products produced overseas in the spur of the moment they are required by the businesses. Today, the stage is all set for businesses to engage low-cost resources through outsourcing; a concept that can considerably slash the production and service costs while targeting the profit maximization. Companies all over the world are now striving hard to reduce the cost of their products or services by efficient management of resources, purchases, and supplies. Jacques1 defines, ââ¬Å"Outsourcing means more than just the purchase of raw materials and standardized intermediate goods. It can be defined as a long-term, result oriented partnership of company with an external provider for activities that would otherwise have been pe rformed in-house.â⬠à Ã
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