Leadership Style of Jack Welch Essays

Leadership Style of Jack Welch Essays Leadership Style of Jack Welch Essay Leadership Style of Jack Welch Essay If leadership is an art, then surely Welch has proved himself a master painter. Business Week, May 28, 1998. The two greatest corporate leaders of this century are Alfred Sloan of General Motors and jack Welch of GE. And Welch would be the greater of the two because he set a new, contemporary paradigm for the corporation that is the model of the 21st Century. Noel Tichy, Professor of Management, University of Michigan, and a longtime GE observer. Introduction |On September 6, 2001, John Francis Welch Jr. (Jack Welch), Chairman and |[pic][pic][pic][pic][pic][pic] | |Chief Executive Officer of General Electric Co. (GE),1 retired after | | |spending 41 years with GE. During the period, he made GE the most | | |valuable company in the world. Analysts felt that, with his innovative, | | |breakthrough leadership style as CEO, Jack Welch transformed GE into a | | |highly productive and efficient company. During Jack Welchs two decades| | |as CEO, GE had grown from a US$13 billion manufacturer of light bulbs | | |and appliances in 1981, into a US$480 billion industrial conglomerate by| | |2000. Analysts felt that Jack Welch had become a deal-making machine, | | |supervising 993 acquisitions worth US$13 billion and selling 408 | | |businesses for a total of about US$10. 6 billion. | | Jack Welch was infact described as the most important and influential business leaders of the 20th Century by some Wall Street analysts and academics alike. [pic][pic][pic] |Management experts felt that Jack Welchs reputation as a leader could | | |be attributed to four key qualities: he was an intuitive strategist; he | | |was willing to change the rules if necessary; he was highly competitive;| | |and he was a great communicator | |The Making of a CEO | | |Jack Welch graduated in chemistry from the University of Massachusetts | | |and in 1959 got a Ph. D in chemical engineering from the University of | | |Illinois. In 1960, he started his career at GE as a Junior Engineer | The Making of a CEO Contd |However, in 1961, Jack Welch decided to quit the US$10,500 job as he was|[pic][pic][pic][pic][pic][pic] | |unhappy with the companys bureaucracy. He was offended that he was | | |given a raise of only US$1000, the same amount given to all his | | |colleagues. He had even accepted a job offer from International Minerals| | |and Chemicals in Skokie, Ill. However, Reuben Gutoff, an executive at GE| | |convinced Jack Welch to stay back. Reuben Gutoff promised that he would | | |prevent him from getting entangled in GE red tape and would create a | | |small-company environment with big-company resources for him. This theme| | |of small-company environment with big-company resources came to | | |dominate Jack Welchs own thinking as the leader of GE. | Jack Welch quickly rose to become the head of the plastics division in 1968. He became a group executive for the US$1. 5 billion components and materials group in 1973. This included plastics and GE Medical Systems. |[pic][pic][pic] |In 1981, Jack Welch became GEs youngest CEO ever (Refer Exhibits I | | |II). His predecessor, Reg Jones said, We need entrepreneurs who are | | |willing to take well-considered business risks and at the same time | | |know how to work in harmony with a larger business entity†¦The | | |intellectual requirements are light-years beyond the requirements of | | |less complex organizations. | | |The Welch Era at GE: 1981-2001 | | |During the first five years as CEO, Jack Welch emphasized that GE should| | |be No. 1 or No. 2 in all businesses or get out of them. | He disposed off the businesses with low-growth prospects, like TVs and toaster ovens. He expanded the financial-service provider GE Capital into a powerhouse. He also entered the broadcasting industry with the acquisition of RCA Corp. , the owner of NBC TV network Jack Welchs Leadership Style |Analysts felt that Jack Welchs profound grasp on GE stemmed from |[pic][pic][pic][pic][pic][pic] | |knowing the company and those who worked for it. More than half of his | | |time was devoted to people issues. Most importantly, he had created | | |something unique at a big company Informality. The hierarchy that Jack| | |Welch inherited with 29 layers of management was completely changed | | |during his tenure. Everyone, from secretaries, to chauffeurs to factory | | |workers, called him Jack. Everyone could expect at one time or | | |another to see him. Analysts felt that Jack Welch gave employees a | | |sense that he knew them. Commenting on the informality at GE, Jack Welch| | |said, The story about GE that hasnt been told is the value of an | | |informal place. I think its a big thought | | Jack Welch The Strategist Analysts felt that Jack Welch was focused and analytical. He restructured GEs portfolio from 350 businesses during 1980s down to two-dozen core activities by late 1990s. During his initial years as CEO, he either expanded internally or made acquisitions to position all GEs businesses as either number one or number two in their fields. The planned acquisition of Honeywell, Inc. , which didnt materialize, was expected to redefine GE for the years to come |[pic][pic][pic] |Jack Welch The Leadership Guru | | |After stepping down as the CEO, Jack Welch became an advisor to William | | |Harrison, CEO, JP Morgan Chase. He also entered into an agreement to | | |become a leadership guru to several other clients. He was also named the| | |special partner at New York investment firm, Clayton, Dubilier Rice. | |Jack Welch also authored his autobiography, Jack: Straight from the | | |Gut, which was at the top of the best-sellers list in 2001. Analysts | | |felt that Jack Welchs influence did not end at GE. Many executives who | | |had worked under Jack Welch went on to head more than a dozen U. S. | | |companies |

Open Source Software Essay Example | Topics and Well Written Essays - 1000 words

Open Source Software - Essay Example (Wheeler) Several peer-reviewed literatures suggest that using the OSS programs in many cases offers superior user interface and approach in contrast to their proprietary competitors. (Wheeler) Even with the above background review, many software users still are unaware of the very many user options that this utility presents. It is against this information that this paper examines two open source software (Neo Office 3.0 and Open Office) solutions as an alternative to Microsoft office 2010 applications. The paper examines the Open Source Software. The discussion compares the Open Source Software on grounds of the platform on which they are available, their affordability, available technical support, major features to meet the standards of a commercial product and arguments for and against the Open Source Software as a Commercial alternative to Microsoft Office 2010. Wheeler suggests that whatever the program, there are universal procedures for their evaluation. These steps are; iden tification of the candidates, examining existing literature reviews, applicability of the desired program to one’s personal needs, and analysis of the top candidates. Wheeler sums up the four sequential steps as â€Å"IRCA†; identify, review, compare and analyze. (Wheeler) Review of Microsoft Office 2010 Microsoft Office is a commercial workplace utility quite popular with most workplaces. The Office 2010 has a ribbon interface modification different from the traditional Office 2003 interface, additionally it has a file menu back into the tool bar making it easier to save and open files. Minimal system requirements for the program include 700MHz and a 512MB RAM with windows 7, XP or vista to be fully functional. Microsoft Office enjoys unlimited technical support: Microsoft Company, people with licenses from Microsoft, professional call centers and numerous books and websites that offer on time assistance to users with tips on configuration, modification and using Micr osoft Office with free resources especially for non-profit uses. Document sharing is simplified for this program because Microsoft has created standard file formats such as .doc, .docx. (For word) and .xls (for excel files). Microsoft also has enabled easier remote access using â€Å"Skydive† with standard file security if procedures adhered through allowing users to install Microsoft updates; firewalls, antivirus management and antispyware (Bonfield and Quinn). Equally, through the utilization of Microsoft outlook users are able to receive and send emails from Microsoft office. Other in built features includes; grammar checking, view document options, and pre-posted document formatting. (Bonfield and Quinn) Review of alternative Open Source Software to Microsoft Office 2010 OpenOffice.org OpenOfice.org 3.1 is the latest version of OpenOfice.org with the former being 3.0. The OpenOfice.org is versatile with Windows, Mac, Linux, and free suite being a preferred alternative to Microsoft Office suite. Additionally it is able to read and write to Microsoft Office supported formats and supports the Open Document Format (ODF) 1.2 standard. The suite is inbuilt with a word processing application, spreadsheet, presentations,

Bodyritualnacirema Assignment Example | Topics and Well Written Essays - 500 words

Bodyritualnacirema - Assignment Example General George Washington led the American revolution in 1776, and became the first American president. For more than half of Americans, he is much more than a cultural hero. The article goes further to note that Nacirema’s culture is characterized by a well developed market economy which delivers financial benefits to the majority of the Nacirema people. The Nacirema people use up most of their time in pursuing in tending their bodies in ritualistic ways that have cultural approval (Miner, 1956). The author is obviously alluding to the preoccupation that many Americans have with ensuring that their bodies are in the best physical shape. The ‘shrine’ that the author alludes to, which exists in many houses for the purposes of ritualistically attending the body is probably a reference to gymnasiums, or exercise rooms, which many Americans have created within their houses. This shrine could also be an allusion to the medicine box. The author states that within their shrines, the Nacirema usually include a chest like box that is built into the wall. This chest is said to hold magical portions which have been given to the people by specialized practitioners. The people cannot really tell what the portions are made up of, as the practitioners write what they are in a supposedly secret language that can only be deciphered by other practitioners. From the way the author describes these portions, it is evident that he is speaking about medicinal prescriptions, as well as nutritional supplements such as vitamins and minerals which can be found today in almost every American home. The author then goes on to stop that the Nacirema culture is obsessed with the human mouth. He satirically states that the Nacirema believe so much in the power of their mouths, that they are certain that if they do not perform certain rituals on a daily basis, their teeth would fall out, and their social and personal relationships

Concepts Essay Example | Topics and Well Written Essays - 500 words - 1

Concepts - Essay Example The references that will be used are from Zen studies and its philosophical concepts, and also the famed work of Japan’s famed swordsman Miyamoto Musashi. Zen is the Japanese name of schools that belong to Mahayana Buddhism. Zen emphasizes the role of sitting meditation in pursuing enlightenment for the benefit of others, thus emphasizing compassion. Though considered simply a practice by most of its Western practitioners, Zen is in fact nothing less than a school of Buddhism; thus, it can even be considered a religion. It was only during the last century or so that Zen began to be viewed by Westerners as a philosophy, a way of life, a part of work, an art form, among others. Satori is a Zen philosophical term for reaching enlightenment. The word literally means "to understand." To emphasize further, it refers to "deep" or lasting enlightenment. Satori can be found in all life experiences for it is wrapped in all daily activities. Hence, the goal is to unwrap the meaning behind each moment in able to attain satori. Ross (1960) posited that the â€Å"awakening of Zen is satori, and the satori of Zen is recognizing the real noumenon of a person, his original feature, not necessarily recognizing the real substance of various acts† (p.45). The Zen Buddhist experience commonly recognizes enlightenment as a transitory thing in life, which is similar to the English term epiphany, and satori is the realization of a state of such epiphany as enlightenment. Since all things are regarded as transitory according to Zen philosophy, the transitory nature of satori is not limiting. On the contrary, such epiphany has a tremendous effect on Western philosophical u nderstanding of enlightenment. The transitory nature of satori owes much to the influences of Taoism on Chan Buddhism in China, from which the Japanese Zen came from. Taoism is a mystical philosophy that emphasizes the purity and importance of the moment. This emphasis on the importance of

Indirect free kick Essay Example for Free

Indirect free kick Essay There are fouls and misconduct happen during and sometimes after the match in football. When a player kicks or attempts to kick another opponent is one of the offences, however there are other ways of make an offence and that’s by tripping an opponent which can be used by using your hands to throw them down, using the legs which is a common one, however, it is also an offence to just stand in front of them or behind them. There are more offences and they are jumping at an opponent, charging them in a violent or in dangerous way, charging them from behind using boot feet, attempting or striking to strike at the opponent, holding and pushing an opponent and finally it is also an offence to handle the ball for example carrying it, striking it or using their hand or arm which is then followed up by giving the other team an indirect free kick. When a player has the ball and he makes a back pass to his goalkeeper directly, and the goalkeeper holds the ball with his hands or has any contact with his hand then the other team will be rewarded with an indirect free kick. This rule was put it in place recently in 1992 which was done because it stopped the goalkeeper from wasting time and holding the ball from opportunities to the other team and by also taking possession of the ball with the hands. This also stopped the goalkeeper from having more than 6 seconds limit of goalkeeper possession. Another reason for this rule to be put in place was because it made the games more interesting and less boring. In order for a team to score a goal, the whole ball passes over the goal line, in between the goalposts and under the crossbar. As you can see in the picture to the right, it shows that the whole ball has to pass otherwise even if it’s touching the line a little bit; it’s considered as play on with no goal. There have been some recent changes in football because a lot of times the referee is blamed for not making the right decision about the ball going in or not so therefore FA has introduced a new referee which is called an assistant referee and his job is to stand on the goal line to make sure and have a better view of the ball going in or not. They have done this because it ruins the fair play between the teams especially when the games are very important. In order for a team to win a match, the team has to have more goals than the other team and if it ends up being equal, then the game ends as a draw which means neither of the teams won. In some games there might be extra time provided because one team has to win so therefore they play with extra time.  A goal can be scored from anywhere on the play, from anyone who is playing and that included the goalkeeper too. Goals are also scored from penalties and free kicks. However a goal cannot be scored directly from a throw in so therefore it has to be touched by someone else after the throw in order to score a goal. A goal cannot be counted if the referee has not blown his whistle for the game to restart. Another way a goal cannot be scored is if you are taking an indirect free kick because it’s indirect so therefore the ball has to be passed to someone in your team and then you can score.

Environmental Degradation Pollution

Environmental Degradation Pollution The global South has unquestionably been one of the regions that have experienced greater impact of environmental degradation. The former economic success in this area has resulted to environmental problem industrial waste pollution. As these countries get more involved in multilateral environmental agreement and voluntary agreement, the protection of the environment in the region has effectively become globalize in nature and has affected business and international trade. The introduction of the environmental management system standard is one of the prerequisite for business to enter into western market. This has been a greater challenge to this region due to their insufficient capital and the stern conditions attach to business. This paper looks at the impact of environmental degradation on global South in terms of how environment degradation affects human security, clean water, human health, social relation, and the freedom of choice and action. This research paper also provides r ecommendation that be adapted by the both developing and developed countries in controlling the adverse effects of the environment degradation. Introduction Since 1980s, the environmental matter as trade barriers between the North and the South countries has feature prominently in the world international forums Developing countries that struggles to improve their economies and attract more investors to enhance their economies is term as pollution haven. The word pollution haven as proposed by Zarsky (1997, 1999) is a claimed that the South have reduced and relaxed their environmental regulation to attract foreign investors. The southern countries which are endowed with lots of natural resources has long been staying under poverty and the only way to be out of this situation is opening up their economies and speed up industrialization development through the foreign investors. On the other hand, the North countries business feared that if the developing countries lower cost of operation through labour intensive and resources then they stand a chance to lose value or capture the market. The developed countries argued that they have more severe and effective regulations on environmental (Duchin et al., 1995, Xu, 2000) compare to the developing countres, but the World Trade Organization has pro tected the exported products from developing countries. The North claims that this is unfair business and they requested global environmental standard to form level playing field (Chudnovsky and Lopez 1999; Xu 2000). This claim however was seen as another form of trade barriers by the developing countres. The environmental problems such as climate change and ozone layer depletion is global issue rather than situated in a particular place. We see integration of the consequences of market and the failure of government in the change of global environmental. There is a lot divergence tendency due to disparate impacts across the locations in a manner of governance response. This disparate come from a greater vulnerability of developing countries and at the same time from the circumstantial factors. Even if the environmental impacts were equally distributed between the North and South countries, the developing countries could still suffer most in the virtue of the fact that they come from a lower economical base. The impacts of the environmental degradation the (IPCC (2001) observed are expected to be greater in south countries in terms of loss of life and relative effects on the investment and the economy in general. These disparate impacts are exacerbated by the disparities in the nature of the remedial actions. The willingness of the developed countries to the environmental improvement and for the goods and services whose production has resulted to environmental degradation, generally exceed that of the developing countries in terms of their ability to pay. Thus in the shadow of markets, the gain-cost analysis, that is, the benefits of producing the carbondioxide by driving automobiles in the North highways may outweigh the cost of drought in the South countries. This wealth-based theory is contrast to the call for equal entitlement to clean and safe environment (Boyce, 2002). In the real sense, efficiency is not the only criterion to social decisions that include the decisions to invest in the mitigation and adaptation to the global environmental degradation. The influence of politics also promotes actions on some importance matters and inaction on others. For example, the 1997 Montreal protocol on ozone depletion proposed a worldwide phase out of the use of chlofluorocarborns was rejected by America and Canada on the ground that the scientific evidence are uncertain and the treaty would impose heavy spending on the US economy. As the rate of the carbondioxide emitted to the environment continues to rise, the focus of the international has shifted from prevention to adaptation. This change increases probability of outcomes that varies across countries, showing differences in their ability to cater for measures required to adapt to climate degradation. The main issue in the international climate talks is the right of allocating the properties to the carbon absorptive capacity of the atmosphere. These relay both barrier and an opportunity to some countries. For instance the principles allocation stemmed from the historical emission levels which in the real sense been greatly contributed by the industrialized countries in the world in the North. This principle is not acceptable by the less developed countries that per capita emission is very little. Environmental degradation and Human Security The environmental degradation arise in the 29th century as the main issue of political controversy, its influence on the developing countries national security policy is however more recent. Environment degradation has been the focus in the developed countries especially United State but the idea of national security entered the public discourse reentry. The early research of the impact of environment degradation on human security is general and subjective in nature, it reveal the imaginable association between environmental change and the national or human security. However, the direction of association and the degree of linkage remains an issue of debate. There is also clear recommendation on how to translate this linkage into policy guidance on the environmental degradation. The environmental degradation is linked to their overall influence of the survival of human, well-being and productivity. Human being and social linkages has become the focus that is to be secured from the environment threat. The change in the environment can impose direct and immediate impact to the life humankind. For instance, the scarcity of water may not lead to conflict but still engender threats by causing the dehydration related disorders, reduction of the production of food, and disheartening the livelihood opportunities. The environmental degradation causes threat to human survival, well-being and dignity. The environmental degradation posses a variety of impacts that ranges from economic productivity to political wavering among others. The environmental degradation can also affects a diversity of issues ranging from families, communities, social organizations, various identity group, diasporas, government and biological species of various kinds. While some of the environme ntal threats are localized, others are extensive ands trans-scale in nature. Research shows that conflict can be driven by natural resource degradation and scarcity and by competing to be in charge of places where there are abundant resources. Some of the countries of concern are Afghanistan, Iraq, the great lake regions, Somalia among others. The connections between the environmental degradation and human security are vast and complex. The ecological impact of mass movement of refugees or warfare is an example mostly experienced in the developing countries. However, the environmental issues can be a major concerns for dialogue, non-military mechanisms for communication, and greater unified understanding. The research on the human security has mainly focus on the Southern world (poor countries) as the main victim and the scoundrel of the environmental threats. However, the attitudes of consumption of the North countries is main contributor to many human insecurity on the scarce and plenty resources in the Southern countries. The conflict over diamonds in Sierra Leone in 1990s, for example, was extensive because the markets for diamond in the developed countries were unaware to the origin of those diamonds. It is clear that the start of violent conflict has no hearty connection with the environmental threat. The environmental factors are rarely the single contributors of conflict, but ethnicity, ideology, and power politics are all directly linked. However, environmental degradation increases the magnitude and the period of conflict, that is, the attempts to develop strong empirical forecasts of conflict on the ground on the environmental threats have had a poor response of success because of the connection of social, economic and political factors that are involved. Environmental degradation and clean water Although most of the developing countries do not have enough industries to create considerable water pollution, smog and heavy concentrations of airborne particles are common incident in major cities of the less developed countries. There are few industries in the less developed countries as compared to the more developed countries and hence due to the small number of industries in the developing countries, they less often contribute to severe water problems. The more severe problems of water is cause by the trans-boundary pollution since the neighboring countries especially the developed countries, produces airborne pollution due to excess emission from their extensive industries. The northern and northwestern parts in Afghanistan for example received large amount of pollutants that come from the Aral sedimentary basin. Extensive industrializations in the developed countries here as we see pose detrimental impact to the less developed countries. It has been documented that the pesti cides originating from the developed countries finds their way to the neighboring developing countries through the air current or rainfall. The chemical weapons that were used for example during the war between the Afghanistan and the Soviets had caused a serious damage to the environment and the fragile ecosystem in general in the neighboring developing countries. The use of these chemicals weapons has polluted the soil in most of the area of the countries where this war occurred. It is worth noting that billions of people worldwide, the vast prevalence of who live in developing countries lack access to clean drinking water. Lack of providence to quality water has caused lots of forecaster of infant and child survival in various developing countries. Many incidences of parasitic and contagious disorders are carried in the organic water pollution, which are the by-products of the animals waste. The effects of pollution whether known or not are caused by usage of the pesticides. The organic pollutants used in the industry and in agricultural farms find there way into the human and the animals fatty tissue where they caused severe parasite related disorders in human and animals respectively. Export dependency has a negative influence on the quality of the domestic environment of the developing countries that include the quality of the drinking water in those countries. Thus, the association between the universal dependence and the water quality is interceded by several factors. The quality of water and health is very crucial and they are connected with other factors that are a function of international processes. Hebert, 1994 observed that virtually every physical quality of life including clean water mostly improved by the level of economic development of a country. The development of a country depends on its position in the world system. An important concept is how it organized its economy. The more lateral to the world economy the more likely the country is to depend on an agrarian economy. Environmental change can have a detrimental impact on peoples lives ands the changes may even transcend into the future to affects the lives of the cohort to come. Water as a resource here provides a good example of these various impacts and their multifaceted interaction. The research revealed that over 2 billions people resides in water stressed basins and are cross-country, multi- -subjects effects and multiple impacts. Environmental degradation and social relation The distribution of power related variables, like income, education, race and ethnicity are related to the environmental stresses. The societies, which comprise of people, illiterate people or come from the marginalized racial and social groups, will tend to have greater environmental threats than their friends whose residents are literate, wealthy, or belong to historical prevailing racial and ethnical groups. A research on this issue found that the inverse linked between the average incomes and the toxic harmful may occur from the market dynamics where the poor people are drawn to this location because of the properties of low values. A community with greater power dipatities has more environmental degradation. The disparity of power affects the strength and the duration of pollution and depletion of resources. This study were focused by the research suggesting that the environmental degradation related with income and that the developed countries have reached to an extend beyond which more income gains are linked with the improvement of the environments. The only way to attained conducive environment in most countries is by becoming rich (Beckerman, 1992). Torras and boyce (1998) investigate the impacts of social relation on the environmental quality. They analyzed the vitiations in air pollution in various countries, water pollution, and the percentage of the pollution in relation to access to clean water and sanitations facilities. Apart from the per capita income and the ration of income distribution, their research included adult literacy and political rights and the civil liberties concerning the distribution of power. In less developed countries, the coefficient on the rights and literacy variables revealed the expected signs in all system. The results found that higher literacy and the greater rights were linked conducive environmental quality. By controlling other variables, the calculate effects of income inequality were found to be incompatible. It was suggested that either rights or literacy incarcerate the most aspect of power disparities or the quality of the income distribution data is poor. The weaker results was however , found on the developed countries, indicating that literacy and rights are most significant especially when there are low average income. Other research has also shown that the political right can be vital factor to determine the outcomes of the environment. Scruggs (1998) observe greater rights of having a significant favorable effects on sulphure dioxide concentrations, weaker effects on particulates and adverse effects on the dissolve oxygen concentration. Further study concerning the impact of power disparities on the environmental quality which come from case study of the fifty United States by Boyce et al. (1999) shows that state with more equal distribution of power had well-built environmental policies which result to conducive environment. Rapid environment degradation has exerted lot of pressure on the economic sustainability of the less developed countries. This has resulted to the failure of these countries achieving their sustainable development as targeted. In Pakistan, for example about sixteen percent of the land mass is subject to salinisation from excessive water with the same problems as this occurring in most parts of Asia and African countries. Mismanagement of irrigation alone in Pakistan cost over $200 millions in a year in reduced yields. In India, pumping of groundwater has enabled intensification of agricultural products; however, there is a big dropped of water tables from approximately 10 metres to about 15 metres below the earth surface in the year 1970 to between 400 and 450 metres by 1990. Many areas in developing countries have wells and boreholes that have been left and the entire communities moved to other better areas (Roy Shah, 2002). Lack of environmental and pollution control has resulted to reduction in farming and disorders, which cause the decline in the economic growth in most regions of the developing countries. This is due to overspending of their little savings in the treatment of the patients suffering from pollution related diseases or purchase and imports of foods to filled the gap or feed the population. Such environmental degradation can have impacts on the social attitudes and may result to unrest by the affected communities. In 1990s, for example South Korea experienced over seventy anti-pollution unrest. China on the other hand has faced local protests due to rapid increase in pollution. Developing countries has experienced a reduction of natural resources over the past years because of liquidated consumption. The research reveals that if the gains from the natural resources are put in physical capital and human capital to promote growth, then there will be a continued progress to enhance the wellbeing. It is important to save the profits that are derived from a boom of natural resource such as rapid increase in oil price. If this is wisely saved then it might be a better opportunities in the future to invest such profits efficiently to physical or human capital hence reducing more pressure on the resource base. Environmental degradation and health risk Majority of the people in developing country are poor and are directly exposed to severe environmental health threat and hazards from polluted air, water and animal-transmitted disorders such as bird flu, anthrax and the rest. There have been many concerns over the environmental improvement for the last decades with about eighty percent of people from developing countries are now able to access clean drinking water. However, the access to sanitation by these poor people has remained lower at an approximate of forty four percent. this may be a reason as per to why water pollutions remained the key problems. According World Bank (2005) most rivers in the developing countries are fifty percent lower than the WHO standard requirement. The environmentally related diseases in developing countries are now much greater than that from malnutrition. The research as founded that most of the women and children suffered greatly from the indoor air pollution resulting to millions premature deaths every year across the less developed countries. Children and illiterate women in poor households in the developing countries suffer 4 times as much from the indoor air pollution compare to men in the higher households (Das Gupta et al. 2004). The health of human as well as that of animals is increasingly related in the developing countries when people meet animals especially when they moved out to wildlife site or into areas with intensive farming. Here wildlife acts as a mass where the pathogens come from as with avian bird flu and possible SARS and HIV/AIDS. The high rate of environmental degradation has posed the developing countries to high vulnerable risks and this will rise with rapid change in climate. The developing countries has over the past years experience range of climatic changes. Livelihoods and the social networks have adapted ways to cope with the severe natural disasters. Management and control of floods has been essential in the fishing and farming practices by poor residents of the developing countries. Despite these efforts, the natural disasters have become more frequent and severe leading causing loses of life, conflict and the destructions of properties. Environmental degradation is considered as the main cause of high rate of poverty in the less developed countries. They suffered most as they struggle adapt with this severe natural disasters. For instance, the slums residents occupied land, which is highly vulnerable to environmental hazards such as pollutions, landslides, and flood. Such areas are further aggravated by the damage to the protection assets like coastal mangrove, coral reefs and riverine wetlands which in results to high exposure to floods as seen in some countries such as Bangladesh, Siere Leon and the rest. North countries like United State, Canada, or South countries such as China and India are the some of the emitters of greenhouse gases. A part from just emitting of these gases, these countries just as the rest of other countries in the world will experience some of the greatest impacts of climate change. Already countries such as Asia face about ninety percent of the environment degradation related risks in the world and more than a half a million people died every year. Development aid investment in the developing countries has been seen vulnerable to environmental degradation. It is predicted that two degrees rise in temperature is expected in the futures and this will reduce incomes from farming by twenty five percent. The study recommends urgent need be carried out to check the rate of energy pollution from both domestic and industries and proper investment that adapt to land use, infrastructure and other structures to environmental degradation. The world economy environmental impact in the developing countries is exacerbated with its impact felt beyond the core centers of development. For instance, China is now one of the leading cement consumption countries with an increased importation of timber. This has resulted to an increased in revenues collection in the exporting countries but at the same time increasing the rate of natural depletion. Such depletion makes those areas vulnerable to environmental disasters such as high rate of pollution, landslide and climate change. Environmental degradation and Human freedom of choice and action Environmental degradation has several impacts on the way people reason and act. The most affected group are the residents from the less developed countries. Its is believed that the developed countries are the key contributors of the environmental degradation. Owing to their rich environment and level of technology, they are able to minimize the magnitude of adverse effects that result from environment degradation. The impacts of human activities on environment have rise in the past few decades. While most of these changes can be considered as beneficial to humankind, there much increase of the adverse effects. Analysis of these effects their consequences to people have not been possible because of many factors that also contributed to the change in the ecosystem. Some people particularly who are perplexed by these relative wealth, the problems is scarcely noticeable. Yet millions of other people especially from the less developed countries experience great detrimental disasters of t he environmental degradation. The environmental degradation such as pollution is now not necessary measures that can be used to gauged the linked between the human and the environment. The dependent of a person on an environment services focus directly the profound processes that underlie the origin of the earth. The environment is an essential component that extensively provides life and support to all organisms. The effects of the environmental degradation to humankind can be either direct or indirect. The direct effects through some biological or ecological ways. For example, the impairment of the water cleansing capacity of wetlands may have detrimental impacts to those who drink that water. On the other hand building of dams may increase the breeding of mosquitoes that eventuality may led to malaria related disorders. Indirect effects on the other hand create problems on humankind in a more complex causation, which includes, social, economic, and the political routes. At these situations, people normally take response in making decision, which actually could lead to a better way of adapting to these detrimental disasters. For instance, when land under cultivation become saline, the crop production are reduced and hence this might lead to malnutrition in human, retardation of the child growth, and vulnerability to infectious disorders. When this detrimental climate change exacerbate beyond the threshold power and ability, political tension might arise leading to stagnating or reduction of the country economy. This dynamic interaction can severely jeopardize the various features of humankind. The impacts of the environmental degradation vary from one place to another. The effects is much greatly felt by the developing countries, that is, literate, poorly resourced and disadvantaged societies are particularly the most vulnerable to these global climate change. Most of the less developed countries heavily relied on the integrity and functions of local ecosystems and may lack means to the services of the ecosystems. Insolvency due to the impacts of the environmental degradation might at a time cause a downward spiral for such group of people. In general, the availability of ecosystem tends to reduce human ability to achieved well being status. It is worth noting that the linkages of environment conditions and the flow of services to the social being or people are quite varied and multifaceted. Most of the environmental degradation is pre-arranged but many are unintentional consequences of the human activities. The intervention of human in nature has experienced surprised consequences, where some have harmed and exacerbated the disadvantaged one. Equitable and sustainable of the society depends on the association with the environments and abilities of a person to make sound decision and act immediately where possible to avert the problems from occurring. The four important categories of ecosystem that are helpful to human are provision, regulating, cultural and supporting services. The provision functions of the environment provide goods and services that sustain different aspects of human. However, the reduction in food, fiber and other essentials products has severe impacts in the life of humankind. The regulating functio ns affects human life in various ways, this include the environment purification of air, fresh water availability, reduced floods or drought, stability of the local and regional climate among others. On culture, the environment provides human with totemic species, trees, scenic landscape, geological functions, rivers or lakes. These affect the human recreational, educational and spiritual aspects. Reference: Brown, Lester. Redefining Security, Worldwatch Paper, Vol. 14, Worldwatch Institute: Washington, 1977. Clark, William C. and Munn, R.E. (Eds). Sustainable development of the biosphere. Cambridge University Press, Cambridge, 1986. Deudney, Daniel. The case against linking environmental degradation and national security. Millennium, 1990. Pearce, F. (1994). Siberia at the crossroads. Popular science, 245 (2), 36 pp ADB. Asian environment outlook, Manila: Asian Development Bank, 2005. Homer-Dixon, T.F. Environment, scarcity, and violence. Princeton Univ. Press: Princeton, 1999. Satterthwaite, D. and Steele, P. (eds). Reducing Poverty and Sustainin the Environment, The Politics of Local Engagement, London: Earthscan, 2005. Wheeler, D. Who suffer from Indoor Air Pollution? Evidence from Bangladesh, World Bank Policy Research working paper 3428, 2004. DFID. Climate change and Poverty: Making Development Resilient to Climate change, London: DFID, 2004. FAO. Towards a Food-secure Asia and Pacific: Regional Strategic Framework, Bangkok: FAO Asia Pacific Regional Office, 2004. Pearce, D. Investing in Environmental, wealth for Poverty Reduction. New York: UNDP, 2005. Jodha, N.S. Rural Common Property Resources: Contributions and Crisis, Economic and Political Weekly, 1990. Mayers, J. and Vermeulen, S. Company-community Forestry Partnerships: From Raw Deal to Mutual Gains? London: IIED, 2001. World Bank. Environment Strategy for the World Bank in the East Asia and Pacific Region, 2005a. UNEP. An Overview of Our Changing Environment, GEO Year Book 2004/5, Nairobi, 2004, World Bank. Little Green Data Book 2005. Washington: The World Bank, 2005b. Zhen Liu. China: the Loess Plateau Watershed Rehabilitation Project, paper for the World Bank, Shanghai Conference on Poverty Reduction, 2004.

RMB recent development :: essays research papers

Update for Recent development in Chinese Yuan 1.  Ã‚  Ã‚  Ã‚  Ã‚  The expectation or speculation about a Chinese Yuan revaluation started from the beginning of 2003. 2.  Ã‚  Ã‚  Ã‚  Ã‚  Why we say 2003? Because the Non-deliverable forward of USD against Chinese Yuan started to fall into discount from premium at the beginning of 2003. 3.  Ã‚  Ã‚  Ã‚  Ã‚  Non-deliverable forward is a type of derivative in the foreign exchange market where by the home currency is not delivered (or settled, transferred) at maturity, instead the difference of market rate against the contract rate is settled with a reference currency (usually USD). 4.  Ã‚  Ã‚  Ã‚  Ã‚  China has a very restricted money market and therefore commercial loans are not readily accessible in short tenor such as overnight or 1 week, the most common interest rate benchmark in China is a 1-year bank lending rate, which currently stands at 5.31%, if we compare the Chinese interest rate with the US rate of the same tenor (1 Year US rate is approximately 2.35%), in foreign exchange market, assumed that Chinese Yuan is convertible, the USD should be at a premium against the Chinese Yuan. In the non-deliverable market, however, the USD is trading at a discount against Chinese Yuan after January 2003, which obviously is not logical from an interest arbitrage point of view. The reason is that the assumption that Chinese Yuan is freely convertible is void, the USD discount ( for instance 1-year non-deliverable forward discount of USD is 2400 pips or 0.24 Yuan) is an implied expectation of Chinese Yuan revaluation in one year’s time as perceived by the m arket. 5.  Ã‚  Ã‚  Ã‚  Ã‚  The expectation that Chinese Yuan would appreciate and happen in foreseeable future was advocated by major US Investment Bank such as Goldman Sachs and Morgan Stanley. International organizations such as IMF started to talk more about the issue ever since 2 years ago. In the recent years, there was a very fast expansion of Chinese export into the United State. The most recent number of US July trade deficit announced last Friday was $50.1 billion, though lower than the June historical record of $55.8, still formed as a threat for financing of these huge deficit through capital account surplus by the US. Furthermore, the July US trade deficit with China set another monthly record at $14.9 billion as imports increased 3.7% from June and exports fell 2.6%. US manufacturers and politician still blamed China’s policy of pegging its currency against the US dollar for the soaring bilateral deficit.