Why and How U.S. Labor Unions Seek to Influence Federal, State and Essay

Why and How U.S. Labor Unions Seek to Influence Federal, State and Local Politics - Essay Example It is recorded in the United States Department of Labor that more than 16 million American citizens are members of the labor unions (Agrawal, 2012). That depicts that more than 14% of the workers in America are members of the labor unions. This essay seeks to discuss why and how the United States labor unions seek to influence the federal, state, and the local politics. According to Merino (2012), there are various reasons that make the U.S labor union try to control the federal, state, and the local politics. One of them is as an attempt to prevent over-exploitation of workers. Since the labor unions seek to safeguard the rights of their members who are workers and also advocate for an increase in their benefits, the union strive to influence the federal, state, and the local politics as an attempt to reduce the working hours of their members. That is because when the labor unions have maximum influence on the three levels of politics, it is easier for it to reduce the unpaid employees’ hours and increase the number of paid hours. Besides, the labor unions also influence politics in an attempt to improve the working environment of its members and also maximizing their benefits such as the allowances allocated to them. Further, it also uses the influence it has on the federal, state, and local politics to enact new laws that protect the righ ts of its members. Moreover, the labor unions also seek to influence the federal, state and local politics in order to maintain the general welfare of their members. That is done by influencing the results of the elections so that people from regions with most number of people in the union can be elected as leaders. Through that, the labor union attempts to have politicians who understand the needs of the workers so as to improve their conditions. Besides, the labor unions also finance some of their workers to vie in the elections even if they are aware that these people cannot win. It happens

Strategic Management Process Paper Essay Example for Free

Strategic Management Process Paper Essay The strategic management process consists of four major components; they are environmental scanning, strategy formulation, strategy implementation, and evaluation and control. They each are broken down into their specific roles within the strategic management process. The Environmental Scanning is the monitoring, evaluating, and disseminating of information from the external and internal environments to key people within the corporation. An easy way to use this component would be SWOT, this acronym stands for Strengths, Weaknesses, Opportunities, and Threats and it shows the strategic factors for each individual company. The next component of the process is the Strategy Formula and that is the development of long-range plans for the effective management of the environment opportunities and treats, in light of corporate strengths and weaknesses, this process also relay’s on the SWOT process. This process helps define the corporate mission, helps specifies achievable objectives, helps develop strategies and helps setting policy guidelines. Strategies Implementation is the process of which strategies and polices are put into action through the development of programs, budgets, and procedures. This process can cause changes to happen within a company such as, overall culture, structure, and management system of the entire organization. When a corporate wide change is needed the implementation of strategy will be conducted by the middle and lower level management, and then the higher management team would review those changes. This can be called operational planning as well and that would implement day to day changes. The last process of the strategic management process is evaluation and control; this is the process which corporate activities and performance results are monitored so that the performance that is happening now can be compare to what is expected. This would apply to managers on all levels and  they use this information to take corrective action and resolve any problems. This part of the process can also pinpoint weaknesses in previous implemented strategic plans and can cause the process to start all over again (Wheelen Hunger, 2010). Strategic management is important for many reasons. First of all these processes help leaders to implement the vision and mission of the company, and what goals are needed to get the company where it wants to go. Typically created by the owner or top management in a company, the strategic management plan offers direction and guidance to the employees, sets up measurable goals and time lines and designates duties of all personnel. Marketing and sales projections are included in the strategic plan as well as plans to review the achievements of each department (Ray, 2012, p.1). BMW Strategic Process BMW is a German automobile and motorcycle manufacturer. BMW automobiles are considered luxury vehicles with endless amounts of options and expensive price tags. The company, which was at one time was severely struggling financially is extremely successful. The organization continues to sell more care almost every year, created strong brand recognition, and a loyal customer following. BMW created what they call corporate Strategy Number One; this includes plans for the future, survey results, and performance evaluations. The purpose of the strategy is to pursue the vision of being the leading provider of premium products and premium services for individual mobility (BMW Group†, n.d.). The strategy continues to describe the objective and how BMW plans to reach those objectives. To clarify the organization included the results from surveys distributed to stockholders and employees. The challenges the company faces were also clearly laid out, along with previous achievements. Conclusion After examining all the necessary elements to a strategic management process one can understand why each is necessary to achieve success. The elements work together and when done properly do so with little effort. However, to deflect any challenges from competition the elements need examining frequently to see if changes are necessary. BMW provides an excellent  example of an organization with solid strategic management. The organization has clear-cut processes and evaluates current process and is looking to the future. References: Wheelen, T. L., Hunger, J. D. (2010). Concepts in Strategic Management and Business Policy Achieving Sustainability (12th ed.). Retrieved on September 15, 2014 from The University of Phoenix eBook Collection database. Ray, L. (2012). Strategic Management Process, eHow Contributor. Retrieved September 15, 2014 from http://www.ehow.com/how-does_4964358_strategic-management-process.html BMW Group. (n.d.). Retrieved on September 15, 2014 from http://www.bmwgroup.com/e/0_0_www_bmwgroup_com/verantwortung/publikationen/sustainable_value_report_2008/_pdf/SVR_2008_engl_Kapitel_1.pdf

Reviving Psychophysical Supervenience Essay -- Argumentative Persuasiv

Reviving Psychophysical Supervenience ABSTRACT: Many philosophers have lost their enthusiasm for the concept of supervenience in the philosophy of mind. This is largely due to the fact that, as Jaegwon Kim has shown, familiar versions of supervenience describe relations of mere property covariation without capturing the idea of dependence. Since the dependence of the mental on the physical is a necessary requirement for even the weakest version of physicalism, it would seem that existing forms of supervenience cannot achieve that for which they were designed. My aim is to revive the concept of supervenience. I argue that if we construe supervenience along Davidsonian lines — as a relation connecting predicates rather than properties — then it avoids the shortcomings of the more familiar varieties. When it first appeared on the scene in the philosophy of mind, the concept of supervenience was warmly embraced. Supervenience was thought to capture the idea of dependence without reduction and thus promised to provide a useful framework for discussions of mental causation, phenomenal experience, and, more generally, the relation between the mental and the physical. Since then a great deal has changed. Much careful work has been done to show that philosophical applications of supervenience do not, in fact, achieve what they were thought to. For example, Jaegwon Kim, whose name is closely associated with the concept, has shown convincingly that the standard formulations of supervenience in the philosophy of mind (weak, strong, and global) do not capture the idea of psychophysical dependence. (1) Many philosophers believed that supervenience could express a form of physicalism, but since the concept of dependence is a minimal req... ...dson, ‘Thinking Causes’, in Mental Causation, ed. John Heil and Alfred Mele (Oxford, Clarendon Press: 1993) p. 13. (4) Donald Davidson, "Mental Events," in Davidson, Essays on Actions and Events (Oxford: Oxford University Press, 1980) p. 214 (emphasis added). (5) Davidson, "Radical Interpretation," in Davidson, Inquiries into Truth and Interpretation (Oxford: Clarendon Press, 1984) p. 137. (6) Donald Davidson, ‘Mental Events’, op. cit., p. 214. (7) For example, see Simon Evnine, Donald Davidson (Stanford: Stanford University Press, 1991) pp. 69-70. (8) Davidson, "Mental Events," op. cit., p. 214. (9) For example see, Terence Horgan, "From Supervenience to Superdupervenience: Meeting the Demands of a Material World," Mind 102 (1993) pp. 554-586; Thomas Grimes, "Supervenience, Determination, and Dependency," Philosophical Studies 62 (1991) pp. 81-92. Reviving Psychophysical Supervenience Essay -- Argumentative Persuasiv Reviving Psychophysical Supervenience ABSTRACT: Many philosophers have lost their enthusiasm for the concept of supervenience in the philosophy of mind. This is largely due to the fact that, as Jaegwon Kim has shown, familiar versions of supervenience describe relations of mere property covariation without capturing the idea of dependence. Since the dependence of the mental on the physical is a necessary requirement for even the weakest version of physicalism, it would seem that existing forms of supervenience cannot achieve that for which they were designed. My aim is to revive the concept of supervenience. I argue that if we construe supervenience along Davidsonian lines — as a relation connecting predicates rather than properties — then it avoids the shortcomings of the more familiar varieties. When it first appeared on the scene in the philosophy of mind, the concept of supervenience was warmly embraced. Supervenience was thought to capture the idea of dependence without reduction and thus promised to provide a useful framework for discussions of mental causation, phenomenal experience, and, more generally, the relation between the mental and the physical. Since then a great deal has changed. Much careful work has been done to show that philosophical applications of supervenience do not, in fact, achieve what they were thought to. For example, Jaegwon Kim, whose name is closely associated with the concept, has shown convincingly that the standard formulations of supervenience in the philosophy of mind (weak, strong, and global) do not capture the idea of psychophysical dependence. (1) Many philosophers believed that supervenience could express a form of physicalism, but since the concept of dependence is a minimal req... ...dson, ‘Thinking Causes’, in Mental Causation, ed. John Heil and Alfred Mele (Oxford, Clarendon Press: 1993) p. 13. (4) Donald Davidson, "Mental Events," in Davidson, Essays on Actions and Events (Oxford: Oxford University Press, 1980) p. 214 (emphasis added). (5) Davidson, "Radical Interpretation," in Davidson, Inquiries into Truth and Interpretation (Oxford: Clarendon Press, 1984) p. 137. (6) Donald Davidson, ‘Mental Events’, op. cit., p. 214. (7) For example, see Simon Evnine, Donald Davidson (Stanford: Stanford University Press, 1991) pp. 69-70. (8) Davidson, "Mental Events," op. cit., p. 214. (9) For example see, Terence Horgan, "From Supervenience to Superdupervenience: Meeting the Demands of a Material World," Mind 102 (1993) pp. 554-586; Thomas Grimes, "Supervenience, Determination, and Dependency," Philosophical Studies 62 (1991) pp. 81-92.

English: Official Language Essay

â€Å"If language is not correct, then what is said is not what is meant; if what is said is not what is meant, then what must be done remains undone; if this remains undone, morals and art will deteriorate; if justice goes astray, the people will stand about in helpless confusion. Hence there must be no arbitrariness in what is said. This matters above everything. † — Confucius All of us are created individually because we have our differences to one another. We must obtain the fact that we are not made to use same knowledge in one aspect of context. Based on our personal perspectives, we have our own ideologies and culture that we need to preserve for it was the source of our identity. Language is one of our cultural differences to one another. By way of taking our mother tongue just to obtain new knowledge of English language was not a fair solution to globalization. That is why we must have our own guts to differ the policy stating that English language should the only language spoken and written in the world. From the time of language policy conception until today, the debate between whether to use English as the only language or not continued to more sensitive issues and arguments. Many organizations and individuals who are against with this concept are making their own way to inform the public about the limitations of the policy. Despite of promulgating this policy to many schools and companies, many people are still undecided to take this action because it was not a reasonable thinking. According to Leonard Kniffel in his article, â€Å"English only is English Lonely†, â€Å"we understood in those days that English was the key to success and acceptance. Kids like us embraced into exclusion of any language or custom that made as back as if we were just off the boat† (3). The main targets of the institutions behind the promulgation of English language policy are the children for they could not render opposition to what the academe or the social law would impose to them. Children could be feed any information without asking why and how things happened. Therefore, by using children as the primary way to make English as the official language, success will come into a wide variety of situation. According to Rebecca Weber in her article â€Å"Something to Talk About†, â€Å"English-only advocates say that assimilation and mastering English are crucial to success in school, the workforce, and society. But children who can speak English on playground can’t necessarily comprehend grade-level academic content in English† (25). This statement shows that by feeding a child the orientation to speak English language is a terrible problem because even if in his or her daily activities should make him or her use the Standard English language. Therefore, problem may arise within this issue because limitation of a child’s activity because of English language will be done without any good reasoning or justification. On the other way around, according to Loreta Medina in her article entitled â€Å"English Immersion has not been proven to Raise Test Scores†, Contrary to popular wisdom, systematic evaluations show bilingual education to be superior to English-only approaches on promoting English reading. But that advantage is fairly small if it is not combined with other costly efforts to improve the school leadership and instructional approaches that go far beyond the tired refrain of the language of instruction. (2) This statement shows that English is not the solution to global problem because there are more things to discuss rather than limiting people to use only one language. By promoting this policy, people will be engaged to a dictatorial situation wherein they could not use their mother tongue, which they could more express their selves rather than using English language. As a whole, policy on using English language as the only language used in the world especially in the society of America should not be promulgated because it promotes discrimination and inequality especially to different immigrants who could not obtain English language very well. English language will always be the second language of many immigrants from other countries but it should not be the reason to deploy them because we must know that they are striving hard to learn the language even if it was already in the sense of stupidity.

Plato’s “Myth of the cave” Essay

Plato’s â€Å"Myth of the cave† is an argument that we can’t be sure we know reality. This story illustrates Plato’s idealism. The objects we see, hear, touch are shadows of the real things. The reason is human beings don’t have a full sense of a real and complete life because of the world. In this story, Plato use a dialog between a teacher and student, it describes a group of prisoners chained inside a cave, sit behind a fire, they can’t see each other or the nature of reality, or the heavens, only able to look forward. The fire casts shadows on the cave wall, which they see and it is the only reality they know. They can’t truly comprehend what they see, as they are prevented from its true source and nature. One day one of the prisoners having managed to free himself from his chains escape from the cave and see the truth. He will at first be blinded by the brightness of the world. But after some time and effort, he will be able to see anything that resembled what he knew as reality before. He will be able to see the entire world around him, and appreciate the beauty of the world. Through this knowledge he will become aware of his place in the world. Finally he goes back again into the darkened cave to tell the people still chained up in the cave about the real word outside. Accustomed to the outside world full of nature light, the rescuer in the darkness of the cave and looks foolish to those inside. The cave dwellers laughing at him for his crazy ideas and insist that they are perfectly happy where they are. They would not believe and would ridicule him, and if they could lay hands on him, they would kill him. However, the prisoner would know what is right, even if all those around him disbelieve it. In Plato’s â€Å"Myth of the cave† points a person who is set free, and goes out to see the real world, and what lies behind the shadows of light that we see. Having been enlightened to the nature of reality, it is not easy to explain this to others. Humans in their unenlightened beginnings are symbolized as imprisoned at the back of a dark cave. The shadowy environment of the cave symbolizes for Plato the physical world of appearances. Escape into the outside the cave symbolizes the transition to the real world, the world of full and perfect being, the world of forms, which is the proper object of knowledge.

Free Essays on Hamlets Death

Hamlet discloses his true feelings about his uncle after his father’s death. Hamlet is upset with his mother for marrying only two months or so after his father’s death. And on top of his mother marrying that soon, she marries his father’s brother. Hamlet is not a happy person. He finds out that his uncle is trying to get him killed. When Hamlet realizes this he starts switching all the plans around, so that the people who are in charge of making sure that Hamlet gets murdered, get what they deserve. Hamlet and his Uncle Claudius don’t get along too well because of all the commotion that Claudius has caused. Hamlet’s had grown up with two other kids. They had no relation, but the father of this other family was just a friend and had a son and a daughter. Ophelia was the young girl. Hamlet led her to believe that he had the most undying love for her and would always love her. In his rage to catch the new King Claudius in act of sin he mistakes Ophelia’s father for Claudius and ends up stabbing and killing Ophelia’s father. After Ophelia finds out that Hamlet was the one who killed her father she went crazy. Ophelia ends up dead. There is question on how she ends up dead but her death isn’t defined. After Ophelia’s death, Claudius makes a plan with Ophelia’s brother to kill Hamlet. The plan was to poison Hamlet with a poisoned sword. That didn’t seem to be working so well; therefor Claudius dumps the poison into a drink and tries to set up Hamlet to drink it. Hamlet’s mother ends up taking the drink and dies. Hamlet finally gets cut with the poisoned sword and before he felt anything from the poison stabs and kills Ophelia’s brother. I think that in Hamlet’s place I would have probably done the same thing. I wouldn’t be very happy, if my mother did the things that his mother did. There is a lot of what to do about a mother that betrays her family but Hamlet helped his mother realize what she was doing. Thi... Free Essays on Hamlet's Death Free Essays on Hamlet's Death Hamlet discloses his true feelings about his uncle after his father’s death. Hamlet is upset with his mother for marrying only two months or so after his father’s death. And on top of his mother marrying that soon, she marries his father’s brother. Hamlet is not a happy person. He finds out that his uncle is trying to get him killed. When Hamlet realizes this he starts switching all the plans around, so that the people who are in charge of making sure that Hamlet gets murdered, get what they deserve. Hamlet and his Uncle Claudius don’t get along too well because of all the commotion that Claudius has caused. Hamlet’s had grown up with two other kids. They had no relation, but the father of this other family was just a friend and had a son and a daughter. Ophelia was the young girl. Hamlet led her to believe that he had the most undying love for her and would always love her. In his rage to catch the new King Claudius in act of sin he mistakes Ophelia’s father for Claudius and ends up stabbing and killing Ophelia’s father. After Ophelia finds out that Hamlet was the one who killed her father she went crazy. Ophelia ends up dead. There is question on how she ends up dead but her death isn’t defined. After Ophelia’s death, Claudius makes a plan with Ophelia’s brother to kill Hamlet. The plan was to poison Hamlet with a poisoned sword. That didn’t seem to be working so well; therefor Claudius dumps the poison into a drink and tries to set up Hamlet to drink it. Hamlet’s mother ends up taking the drink and dies. Hamlet finally gets cut with the poisoned sword and before he felt anything from the poison stabs and kills Ophelia’s brother. I think that in Hamlet’s place I would have probably done the same thing. I wouldn’t be very happy, if my mother did the things that his mother did. There is a lot of what to do about a mother that betrays her family but Hamlet helped his mother realize what she was doing. Thi...

Parkinsons Disease1 essays

Parkinsons Disease1 essays Diseases are sometimes extremely devastating and cruel. Some diseases move very rapidly while others are slow and painful. Treatments are sometimes useful yet other times nothing can stop the silent beasts that lurk in the body. Parkinsons disease is a slow moving disease that slowly corrupts the brain. Parkinsons disease (PD) is a chronic motor disorder that causes tremors, rigidity, slowed body movements, unstable posture and abnormal gait. This happens when neurons, nerve cells, in a part or the brain called the substantial nigra gradually die. These cells normally produce dopamine, a chemical that helps relay messages between areas of the brain that control body movement. The death of the cells leads to abnormal low levels of dopamine, and causes difficulty in controlling muscle tension and muscle movement both at rest and during periods of activity. PD as of now affects about 500,000 Americans, with about 50,000 new cases diagnosed each year. It is generally a disease that affects people of late or middle age at about age 60 however about 5 percent of patients have early-onset PD and are younger than 40 years old when symptoms begin. PD is slightly more common in men then women. So far scientists have not determined the reason why some people develop PD and others do not. Some experts blame a process called oxidation. During oxidation unstable molecules that are produced in the brain as a result of its normal chemical reactions which ultimately damage the brain. Another theory suggests that the effects of toxic affects of drugs may cause PD. Additional evidence suggests that PD may be related to environmental toxins especially because some claim that they have found rates of PD that are higher in rural areas where farming is intense and residents drink well water. So far PD has not been linked to genetic abnormality. PD usually begins as a slight tremor of a h ...

How to Take Advantage of Opportunities and Get Hired

How to Take Advantage of Opportunities and Get Hired Perhaps, you are one of the millions that is currently looking for new job opportunities. The average job hunter is completely unaware of the best way to take advantage of opportunities that are currently available to them. The fact is that most successful job seekers learn to identify those opportunities, once they are presented to them. Here is more on how to take advantage of those job opportunities that pop up. PreparationOne key to job hunting success is to make sure that you are prepared for the opportunity. Take for instance a warehouse worker who has been unemployed for several months. Potential employers would probably like to view a fully updated resume. Take advantage of job opportunities with a prepared resume that identifies your key skills and experience. You can take a look at a  sample resume of warehouse worker. Observe several resumes and notice the construction. Design your resume to attract more job opportunities, using samples as a guideline. The next time that a job opportunity is presented, be prepared with an up to date resume.Job CounsellingTake advantage of sources in your community that provide job counselling to the unemployed. The good news is that many of the job counselling services are free. Seek out services at local community colleges, universities, unemployment offices, and community centers. You can also search online for job counselling sources. The job counselling services provide people with expert career advice and help them network with companies looking for new employees.Finding Jobs OnlineIt’s probably no news to you that millions of people search online for new jobs. It’s a good idea to add this to your job search toolbox. Take advantage of opportunities online. It wasn’t too long ago that only those working for government agencies or large corporations could take advantage of Internet job searches. Now, the average person is able to use  job search engines  or visit  job posting sites   online, to find new job opportunities.NetworkingHere is a question that every job seeker should ask themselves. Have I communicated to all the people I know in my network that I am looking for employment? If the answer is no, it’s time to get to work. The fact is that there are a multitude of jobs available that are not advertised. Employers find new staff through networking with others in the industry. Make sure that everyone in your network is fully aware that you are seeking new employment. Take advantage of opportunities to network on a daily basis.

Munch's The Scream Essay Example | Topics and Well Written Essays - 250 words

Munch's The Scream - Essay Example The sky and the landscape stand in contrast to each other, depicting how these emotions are all present inside us, creating inner conflict and tension. The straight lines and dull brown and gray colors of the bridge are the only stable and uniform part of the painting. Yet even this bridge isn’t safe for it’s completely surrounded by the anxiety all around nature, gradually becoming a part of the chaotic feelings. For example, the red and golden light from the sky vividly reflects off of the railings showing how every place is touched by such fear and panic. The figure is almost as curvy as the lines of the landscape as if it is being sucked in by all the strong feelings and being absorbed by them. Also, the fact that the figure isn’t represented as either a male or female shows how these feelings are a part of all of us regardless of gender. The face is devoid of any hair or accessories, instead it is stripped down to its most basic form, a gray skull expressing the horror all around. The black lines of the clothing are melting into the bridge becoming a part of the environment, unable to escape. Munch has painted the figure at the forefront, almost walking off the bridge and towards the viewer. With the dark red and angry sky swirling above a cold, blue landscape, we can practically hear the agonizing scream.

Interim Report for an action research Assignment

Interim Report for an action research - Assignment Example How does learning Arabic impact their education and life outcomes? The third purpose of the action research has to do with the ways that I can personally improve the process of teaching Arabic as a second language to students who are not native speakers of Arabic. The key data observation method is observation from the field, with my classroom as the field of observation, and my students and myself as the subjects of the study, relative to the learning and teaching of Arabic as a second language to non-native speakers. From the observations with another teacher of the Arabic language, Qassem, I am able to find out that there are several shortcomings at present with regard to the way we teach Arabic as a second language. These shortcomings are not failures in themselves, but are areas for improvement, derived from daily experience. These observations have led me to craft a new teaching method that I will call â€Å"correct me†. The details of that new and evolving teaching technique follow in the next section. The new technique hopefully is able to cover Arabic language learning in its various aspects: reading, speaking, writing and listening. The â€Å"Correct Me† teaching method is straightforward, but involves a keen interest in student learning, and an alert presence. At the heart of it is an intent listening and a willingness to give oneself to the students so that they may learn. This technique has two aspects. One aspect involves me making real-time corrections to student mistakes in speaking and writing Arabic. The technique involves an alert presence so that the teacher is able to spot mistakes. The second aspect involves students forming groups, and being present to one another as they converse and write in Arabic, correcting their peers as they make mistakes. For feedback, my intention is to survey students at the end of a class to find out how they find this new teaching technique: if they like it, if they are benefitting from it, and what

Offenders Facing the Death Penalty Term Paper Example | Topics and Well Written Essays - 1250 words

Offenders Facing the Death Penalty - Term Paper Example The population consisting of blacks has been selected for this study. Characteristics and challenges they face in prison Since the time of slavery when the black people were considered as property, the injustice meted out to this category of the population has never lessened. Studies reveal that the blacks are more subject to death penalties than the whites. This bias stems from the fact that a majority of these decisions are made by the white. The blacks are 3.9 times more likely to face death penalty on committing crimes of similar magnitude as done by the whites. (Dieter, 1998) The blacks facing death penalties suffer from mental trauma and helplessness during their stay in the prison. 5 to 10% of those facing death penalty suffer from grave mental illness. Severe mental trauma causes brain damage. This results in impairment of normal physical, behavioral and cognitive functions. These people often face physical and / or sexual abuse in the prison (Mental Illness on Death Row, n.d .) How they adjust to incarceration The prisons in the US- particularly in Texas and California are faced with overcrowding. This has negatively affected the living conditions in prison, prisoner’s safety and proper prison management. ... The prisoners are hyper vigilant about impending threats and danger. They fail to trust their fellow prisoners because of fear of getting victimized. This tendency is seen more in the Blacks, since they are the potential targets of victimization. A research in this regard reveals that about 40% prisoners avoid high risk areas in prison. Most of these prisoners spend additional time in their unit to avoid getting victimized. Almost 75% of prisoners act tough with others to avoid being exploited. Also, about 25% prisoners keep weapons with them to protect themselves. These behaviors on the part of the prisoners reflect the high degree of distrust among them. (Haney, 2002) Social withdrawal and isolation is another method adopted by the prisoners in order to adjust to incarceration. It involves withdrawal from group activities in the prison. The prisoners do not interact with others in such situation. They adopt evasion tactic to cope with the situation. The state of withdrawal is assoc iated with psychological depression. The attitude, behavior and perception of the Blacks facing death penalty can be studied by categorizing them into six categories. These are as follows: Indifference: This behavior is expressed in a consistent manner during the early days of trial. It is characterized by lack of concern for the things happening around. It is caused due to utter disbelief in the situation. (Radelet, 1990, p. 42) Resignation: After the indifference phase comes resignation. It is caused because of the feeling that waiting for death is more difficult than dying. The offenders facing death penalty seek their execution and do not want to undergo further trial. The case of Rumbaugh in 1982 can be used to clarify

Challenges faced by financial asset pricing models Essay

Challenges faced by financial asset pricing models - Essay Example Even then these models would serve as a better guide to the market than the lessons taught by a financial ruin. That is a strong reason for understanding the challenges faced by the financial asset pricing models, so that these models can be used with discretion to understand the market better. Seen from that angle understanding the correlation between risk and returns, by using a tool, in this case the financial asset pricing models is vital. Any pricing errors would affect the valuation models, jeopardize value judgments and therefore give rise to incorrect risk assessment. The challenges faced by the asset pricing models are on the rise due to the intermingling of economies due to globalization. Along with the increase in challenges the number of critics also increases. These pressures and requirements in turn give rise to new models of financial asset pricing. However the scope of this essay is limited to the empirical challenges faced by financial asset pricing models. To make a base for this study I start with comparing and contrasting different financial disasters that made headlines in the past with the more recent ones. In the past all the noted failures were either due to lack of analytical capacity, absence of systems, error in using models or failure to appreciate risks. The inadequate appreciation of yield curves resulted in S&L bailout. Askin Capital management fiasco was as a result of inadequate analytics and Kidder Peaboy tragedy occurred due to the imperfect management risks. In contrast to this is the more recent failures where even the financial entities known for their efficiencies were dragged to take knee jerk reactions to address huge market dislocations like Russia's default and a collapse in liquidity. The problem solving capacity of an investor has increased manifold through the years. Powerful machines today help investors solve problems, which were considered beyond scope, just a few years ago. The right kind of codes put together (software) by a programmer can have a path breaking consequence on the computational capability of an investor. Side by side with this technological breakthrough, there is also a reduction in cost of computation and emergence of better financial theories. Today's investors are much more aware of the market conditions and have a greater capacity to analyze and take logical decisions about investments due to the availability of different computation methods and real time accessibility to information. But paradoxically usage of these refined method for investment have made the markets more risk prone due to the intermingling of the market in a globalized economy. A direct consequence of this is the rise of common risks. Traditionally investors used to div ersify their portfolio in an attempt to beat an existing market risk and they were successful in this due to the difference in risk associated with different securities. But now with the increase in awareness about the different tools with which they can make decisions there is a commonality of reaction to a crisis resulting in potential catastrophes. At the time of a crisis the investors try and reduce risk by selling their illiquid positions. But since by now the demand for it would go down due o the similar stance all over by the investors, they try to sell their liquid positions no matter which market they are in. Due to this massive movement the market gets

Philosophy - Aristotle vs Plato Essay Example | Topics and Well Written Essays - 1250 words

Philosophy - Aristotle vs Plato - Essay Example But essentially at a point their philosophies are almost the same because both them doubt the physical reality while their solutions for the believability of reality are different. Indeed Aristotle’s belief in reality emerges from the experimental proof. But Plato’s belief in reality is mostly contextual. For example, if it is believed by the most of the people, it is the reality for the time being. Even if one meets a more real thing, it will not be established by until others also feel in the same way as the person who has viewed the more real/realer. Therefore, Plato’s reality seems to be the norms followed by the most. Plato asserts that reality is essentially subjective and normative while Aristotle’s reality is objective and in order to earn the credibility, it needs to go through a set of experimental process. Indeed both Plato’s and Aristotle’s philosophies are complimentary to each other in the sense that the escaped prisoner discovers the reality through Aristotle’s experimental process that symbolically represents the prisoner’s attempt to escape from the cave, though in Plato’s allegory, the escapade of the prisoner happens accidentally, and the escaped prisoner must teach other prisoners in order to drive out the reality of the cave from their head, while establishing his own reality. In Plato’s Allegory of the Cave, the prisoners’ cognitive perception of the shadow reality can be considered as their knowledge of the Cave. That is, Plato knowledge is related to physicality, and reality is absolutely the Ideas that precedes reality. P lato’s theory of Ideas and knowledge suggests that â€Å"states of being are contingent upon the mingling of various Forms of existence, that knowledge is objective and thus clearly more real, and that only the processes of nature were valid entities† (Thomas 23). In this regard, Richard L. W. Clark says that in Plato’s hierarchical model of cognition, â€Å"empirical

Challenges faced by financial asset pricing models Essay

Challenges faced by financial asset pricing models - Essay Example Even then these models would serve as a better guide to the market than the lessons taught by a financial ruin. That is a strong reason for understanding the challenges faced by the financial asset pricing models, so that these models can be used with discretion to understand the market better. Seen from that angle understanding the correlation between risk and returns, by using a tool, in this case the financial asset pricing models is vital. Any pricing errors would affect the valuation models, jeopardize value judgments and therefore give rise to incorrect risk assessment. The challenges faced by the asset pricing models are on the rise due to the intermingling of economies due to globalization. Along with the increase in challenges the number of critics also increases. These pressures and requirements in turn give rise to new models of financial asset pricing. However the scope of this essay is limited to the empirical challenges faced by financial asset pricing models. To make a base for this study I start with comparing and contrasting different financial disasters that made headlines in the past with the more recent ones. In the past all the noted failures were either due to lack of analytical capacity, absence of systems, error in using models or failure to appreciate risks. The inadequate appreciation of yield curves resulted in S&L bailout. Askin Capital management fiasco was as a result of inadequate analytics and Kidder Peaboy tragedy occurred due to the imperfect management risks. In contrast to this is the more recent failures where even the financial entities known for their efficiencies were dragged to take knee jerk reactions to address huge market dislocations like Russia's default and a collapse in liquidity. The problem solving capacity of an investor has increased manifold through the years. Powerful machines today help investors solve problems, which were considered beyond scope, just a few years ago. The right kind of codes put together (software) by a programmer can have a path breaking consequence on the computational capability of an investor. Side by side with this technological breakthrough, there is also a reduction in cost of computation and emergence of better financial theories. Today's investors are much more aware of the market conditions and have a greater capacity to analyze and take logical decisions about investments due to the availability of different computation methods and real time accessibility to information. But paradoxically usage of these refined method for investment have made the markets more risk prone due to the intermingling of the market in a globalized economy. A direct consequence of this is the rise of common risks. Traditionally investors used to div ersify their portfolio in an attempt to beat an existing market risk and they were successful in this due to the difference in risk associated with different securities. But now with the increase in awareness about the different tools with which they can make decisions there is a commonality of reaction to a crisis resulting in potential catastrophes. At the time of a crisis the investors try and reduce risk by selling their illiquid positions. But since by now the demand for it would go down due o the similar stance all over by the investors, they try to sell their liquid positions no matter which market they are in. Due to this massive movement the market gets

Indian Stock Exchanges Research Paper Example | Topics and Well Written Essays - 2250 words

Indian Stock Exchanges - Research Paper Example The researcher states that the Bombay Stock Exchange is â€Å"the oldest stock exchange in Asia† and one of the older ones in the world, having been in operation for 135 years. In 1875, it was known as the Native Share and Stock Brokers Association, and is sometimes known as the Stock Exchange Mumbai. It is astonishingly large: It has the most companies traded and is one of the top ten stock exchanges in the world with a total capitalization of $1.28 trillion. Its electronic trading handles the fifth largest number of trades in the world. It is the second stock exchange in the world to obtain ISO 9001:2000 certification and the second in the world to receive the â€Å"Information Security Management System Standard BS 7799-2-2002 certification for its BSE On-Line Trading System†. The BSE Index, SENSEX, is traded in Hong Kong. The BSE is a hybrid between an order-driven and market maker, quote-driven system. Historically, it used quote-driven systems, but anonymous scree n-based trading systems and the trading of debt and other loan-based assets is done using an order-driven system. However, quote-driven mechanisms still guide trading in many illiquid stocks. Trading occurs between 9:00 AM and 3:30 PM under most circumstances. This is about as long as the NYSE, which trades from 9:30 AM to 4:00 PM normally. The securities and stocks exchanged on the BSE are classified into a few different types of groups. â€Å"BSE has, for the guidance and benefit of the investors, classified the scrips in the Equity Segment into 'A', ‘B’,'T', ‘S', ‘TS' and 'Z' groups on certain qualitative and quantitative parameters†. These groups are classified based on the type of asset being traded, the way the asset is traded and an estimation of quality. F Group trading, for example, is of fixed income securities, while T Group trading are scrips traded per trade which is used for surveillance. S Groups are Indonext segment stocks, which means that TS Group stocks are Indonext stocks traded under trade-to-trade surveillance. Government securities are traded in the G Group. Z Group trades are companies that have failed to comply with listed requirements â€Å"and/or have failed to resolve investor complaints and/or have not made the required arrangements with both the depositories, viz., Central Depository Services (I) Ltd. (CDSL) and National Securities Depository Ltd. (NSDL) for dematerialization of their securities†. The BSE Sensex is calculated using a Free-float Market Capitalization Model. It is thirty blue-chip stocks, similar to the Dow Jones, which account for one-fifth of the capitalization of the exchange and are safe stocks with a proven track record. â€Å"The market capitalization is determined by multiplying the stock by the numbers of outstanding shares. This calculation is performed for all 30 stocks and then divided by the Sensex Divisor. The Divisor is derived from the original base value of 100 for the Sensex, so the index can be tracked over time. The Sensex is calculated every 15 seconds and then published to investors around the world in real-time† (. One study of the BSE found that a contrarian strategy, a strategy that tries to defy traditional wisdom such as Soros' famous pound-sterling coup.

Economic Development Programs Essay Example for Free

Economic Development Programs Essay Within my community, there are several development programs which have been established for the purposes of making the community more directly participative in economic development. Such programs include agricultural development programs, business development programs as well as higher education economic development programs. These programs will be addressed in this paper, with specific attention to the key actors/players in the programs, the short and long term goals of these programs, and also the political and economic issues they face in the process of promoting economic development in the region. Agricultural finance programs To begin with, there are special loan programs for new ranchers and farmers in this region, the most infamous one being the Aggie Bond Beginning Farmer Loan Programs. Through Aggie Board Loan Programs, the state helps the newly established farmers in the region to obtain loans for purchasing land and equipments, for breeding farm animals and for the construction of farm buildings (NCOSAFP, 2010). The main players/actors in Aggie Bond Program include the lending institutions (which are in collaboration with the state administration), state administration itself—playing the role of assisting beginner farmers and ranchers to obtain low rate interest loans which are exempt from federal income tax—and the ranchers/farmers who participate in the program. The federal government is also indirectly involved in these programs since it is the one that facilitates the provision of tax exemption on the interest income. Besides obtaining loans at reduced interest rates, the financial risks on loans solely rest with the lending institutions which have established for these purposes (NCOSAFP, 2010). The short term goals of Aggie Bond Programs are to act as the capital base for individuals or partnerships within the state who desire to engage in ranching, farming or both, but lack adequate financial resources to do so (NCOSAFP, 2010). In so doing, they provide all the necessary financial resources to individuals and transfer the credit decisions to the lending institutions. On the other hand, the long term goal of Aggie Board Programs is to facilitate economic growth and development within the state and the nation at large, through optimum utilization of the agricultural resources within the state and taking advantage of the tax-exempt provisions by the federal government. The program also aims at encouraging the spirit of entrepreneurship within the state through assisting potential entrepreneurs in the agricultural sector to unleash their potential (NCOSAFP, 2010). The key economic problem that the actors in these programs face is mostly the failure of the farmers to repay loans granted due to unproductive farm activities or catastrophes which damage the farming/ ranching establishmentespecially nature catastrophes (NCOSAFP, 2010). This becomes a setback all the players involved because the farmers undergoes serious financial losses, the lender incurs bad debts, the state and the federal government loses the potential economic contribution from the entrepreneur. Political issues on the other hand arise from the Aggie bond allocations and apportionments among the lending bodies. For instance, after a serious debate on the farm bill, the maximum bond allocation was increased from $469 200 in 2009 to 470,100 this year and the actors have been involved in political discussions regarding the meager increments and how it would be equally apportioned to the lending institutions (NCOSAFP, 2010). Business financing programs The other type of economic development programs are the business financing development programs. These programs are so closely related to the Aggie Bond Programs in that they offer loans for many kinds of business businessmen in the state. However, there is a slight different from the one discussed above because this program finances both established as well as new business-people in the industry. For the new entrants, capital is provided while for the already existing business people, the required funds for activities such as expansion and boosting for those experiencing serious financial traps is availed (OK Commerce, 2010). The actors in these programs are established lending institutions and the business community. They include; Economic Development Administration, the Bureau Of Indian Affairs Loan Guaranty Fund, The Industrial Finance Authority, Capital Access Program, and the Linked Deposit Loan Programs. The short term goals of these programs is to provide short term business financing to the business community to solve short term cash problems, while the long term goals are to offer long term low interest loans to major business persons/ institutions to solve serious and long range financial issues (OK Commerce, 2010). Mostly, these programs do not face much political issues as compared to the economic issues which are tied to the unsecured loans and competition. While the unsecured loans may sometimes compel the lending institution to file cases in the legal system against errant and faulting business people, the competition from other existing lending institutions makes them too congested in the estate (OK Commerce, 2010). Higher education programs The state also has a Higher Education Economic Development Program. This program is designed in such way as to generate partnerships between businesses and higher education institutions within the state in order to nurture higher learning via State Regents’ Economic Development Grants. Nominations are made from the institutions and assessed by State Regents’ staff committee. Submissions are made just once for every partnership, and a limit of twenty five recognitions can be made annually (OK Highered, 2010). The actors in this program are basically partnering institutions, which usually pay $500 coordinated by the state regents. The money provided is used for internships for students of institutions to work in the enterprises of partnering business, faculty externships with partnering businesses, tuition waivers to partnering businesses’ staff members, and development of partnerships with supplementary equipment, supplies and materials (OK Highered, 2010). The short term and long term a goal of this program is the same: to facilitate economic development through partnering for the purposes of higher education. In so doing, the partnering members are able to assist each other in catering for the expenses of higher education to ensure that none is left out. In addition, they promote economic growth growth of the member businesses through materials and other kinds of supplies using the funds contributed by each partner (OK Highered, 2010). Just like the other economic development programs mentioned above, this program also faces a number of political and economical problems in its endeavors to accomplish goals and objectives. On the economic part, the program currently has a capacity of twenty two member universities and sometimes, the resources available from the partnership funds cannot meet all the needs of the partners: consequently, the process of assisting members cater for higher education needs has to take longer than the members desire (OK Highered, 2010). This basically, has the result of slowing down the accomplishment of goals and also sometimes results to withdraw of some impatient partners. In addition, the members have too much higher education needs such that the partnership has only to cater for a small percentage of the required amounts. In so doing, the economic goals are partially and not wholly accomplished. Politically, the program is not affected by external politics, but rather by internal politics among the members which mostly results from conflicting interests amongst the members and also in the selection of the leaders who will foresee the management of operations and finances (OK Highered, 2010). However, such issues have been solved successfully within the environs of the partnership. References NCOSAFP (2010). Types of state agricultural finance programs. Retrieved from http://www. stateagfinance. org/types. html OK Commerce (2010). Business financing programs. Retrieved from http://www. okcommerce. gov/Start-A-Business/Financing-Programs/ OK Highered (2010). Economic development grant for the partnership development program. Retrieved from http://www. okhighered. org/econ-dev/partner-recog. shtml

Determinants of the Aggregate Inward FDI Flow to Pakistan

Determinants of the Aggregate Inward FDI Flow to Pakistan CHAPTER 1: INTRODUCTION Overview Globalization which gave birth to the concept of interdependence of countries and their economies has been defined as the process through which regional economies, societies, and cultures have become integrated with the assistance of global network of trade, communication and transportation. This allowed the investors to invest or transfer their capital where ever they wanted which introduced the concept of Foreign Direct Investment. Since the recent financial crisis in Asia and Latin America developing as well as newly industrialized countries have been advised to rely mainly on FDI for economic development and supplement national savings by capital inflows. Developing countries in particular are in need of investment for their development and the investment amount in majority of cases is greater than the capital internally available. Therefore, FDI has emerged as most important source of generating capital required for development of emerging countries. Currently Foreign Direct Inv estment has become one of the major sources of economic development, modernization, employment, income growth, capital generation and a channel for the transfer and access to advance technologies as well as organizational and managerial skills.Recognizing this fact, developing countries try their level best to attract as much as of FDI as they can. But attracting FDI is not that much simple, it requires huge efforts on the part of policy makers and government.Variety of factors is considered by an investor before making investment in a particular foreign country. Those were labeled as determinants of FDI, and may vary from country to country. Pakistan is currently facing a huge shortfall of capital to finance its major development projects and to run the government operations smoothly.The country requires capital to fulfill the growing needs in defense, infrastructure, education and variety of other aspects of serioussignificance to progress. Since 1990s there has been noteworthy increase in flow of capital investments to developing countries, which motivateddiscussions in literature concerning determinants of such investment flows.This trend was result of liberal trade policies, variations in economics related fundamentals of emergent countries, development of capital markets and transformations in economic conditions around the globe.This research paper tries to investigate the role of economic fundamentals in driving investment flows.Past research on the economic fundamentals as determinants of foreign direct investment divided economic fundamentals into two broad categories of pull factors and push factors. Push factors were considered as those economic fundamentals that relateto industrial or developed countries and motivate capital flows,in contrast pull factors consist of economic fundamentals of recipient countries that attract capital flows.One of the major push factors as cited in the past research was hold back of the economies of the developed countries (Calvo, 1992; Fernandez-Arias, 1996; Haque, 1997; Montiel and Reinhart, 1999).Pull factors consist of Supply of money and local productivity of the recipient country (Calvoet al., 1992; Lensink and White, 1998). Calvoet al. (1992)argued that push factors contribute more than pull factors ingrowth of capital transfer.Vita and Kyaw (2008) suggested that variations in domestic yield and productivity of the foreign country were main determinants of portfolio and FDI flows.Dunning (1993) by combining previous research on the determinants of FDI came up with à ¢Ã¢â€š ¬Ã…“OLIà ¢Ã¢â€š ¬? model that stated global manufacturing as function of ownership, localization and internationalization.Variety of theories have been developed regarding the determinants of FDI such as industrial organization theory, the pure trade theory, classical theory relating international investment flows, and locational factor theories.Classical theory relating the in ternational investment flow states that when return on investment crossways countries under autarchy change the investments will shift from lower to higher return providing country. Therefore, this theory assumes foreign direct investment as function of dissimilarity of return on investment.Wilhborg (1978)argued that volatility in the exchange rate would decrease the amount of portfolio investment and that had also been valid for FDI(Black, 1977). According to Kohlhagen (1977) the firms that expect devaluation in the currency of foreign country would defer its investment till the time when exporting becomes profitable. Study also concluded that the higher the exchange rate, the lower the amount of FDI because this phenomena would make exporting relatively less profitable. 1.2 Problem statement To identify the best determinants of the aggregate inward FDI flow to Pakistan. 1.3 Hypothesis This particular research primarily focused on testing the following hypothesis: H1: GDP has positive impact on FDI. H2: Infrastructure expenditure has positive impact on FDI. H3: Taxes has negative impact on FDI. H4: Inflation has negative impact on FDI. H5: GDP per capita growth has positive impact on FDI. H6: Exchange rate has positive impact on FDI. H7: Interest rate has negative impact on FDI. 1.4 Outline of the Study The first chapter of the research focuses on giving basic view of the research and provides information on the overview, issues, purpose and basic theories on the determinants of FDI. In the chapter existing work done by various researchers and past empirical studies have been discussed. The third chapter provides details regarding practical carrying out of the research and describes data collection and analysis procedures. Finally, the last chapter gives details regarding the results of the research. 1.5 Definitions All the chosenfor predicting FDI were variables that had been used in prior researchand theories relatingFDI. 1.5.1 Net Foreign Direct Investment (FDI) The net amount of foreign direct investment received by Pakistan measured in current US dollars. 1.5.2 Inflation (I) The variable represents annual change (%) in the commodities that fall in the category of CPI. 1.5.3 Interest rate (IR) The variable represents the annual rateof interest (%) offered by banks operating in Pakistan on the deposits by customers. 1.5.4 Exchange rate (ER) Measured as the rateof converting 1 US $ into Pakistani rupees (1 US $ = Rs.). 1.5.5 Infrastructure expenditure (IE) Represents the annual amount spent by government on Pakistan on the development of infrastructure in the country. The variable is measured by annual amount of Public Sector Development Program (PSDP) fund and unit of measurement was rupees in million. 1.5.6 Taxes (T) The variable represents the annual rate of tax (%) applicable on the profits of corporate companies operating in Pakistan. 1.5.7 Gross domestic product (GDP) Represents the total value of goods and services (at factor cost) produced in Pakistan measured in Rs. Million. 1.5.8 GDP per capita growth rate (GDPG) The variable represents the annual rate of growth (%) in the gross domestic product per capita, of Pakistan. CHAPTER 2: LITERATURE REVIEW A lot of research has already been conducted in the field of identifying the best determinants of Foreign Direct Investment by various researchers. Most of the research work conducted implies that the determinants of Foreign Direct Investment vary from country to country and from location to location. The purpose of this research is to find out the impact of Labor cost (Wage), Inflation (I),Interest rate (IR), Exchange rate (ER), Infrastructure expenditure (IE), Taxes (T), GDP and GDP per capita growth (GDPG) on Foreign Direct Investment (FDI) inflow in Pakistan. The study hypothesizes positive relationship between GDP, GDP per capita growth, Infrastructure expenditure and Exchange rate with FDI whereas Wage, inflation, Taxes and Interest rate relate negatively with FDI. Pursuing the same objectives Kok and Ersoy (2009) conducted study that made attempt to investigatethe best determinants of FDI in developing countries. Study hypothesized and concluded that GDP, inflation, Trade, GDP per capita growth,Gross fixed capital formation and communication (telephone) are positively related with FDI whereas inflation and total debt/ GDP had negative relationship. Barrel and Pain (1996) in their empirical studies found that FDI and both the acceleration and level of GNP were positively related. In addition unit labor cost and relative capital cost also had positive relationship with outward direct investment. Research suggested that in short run funds availability affects investment timing. Research of Barrel and Pain et al.related to this particular thesis because it tried to identify probable impact of factor prices and demand across countries, as well as exchange rate expectations in determining the total level of foreign direct investment (FDI) by United States companies. According to Janeba (2002) investment costs and government credibility has significant impact on the level of inward foreign direct investment, suggesting that MNCs would prefer to invest in politically stable countries. The research also concluded that when any politically unstable country has cost advantage over other countries MNC will invest efficient amount in that particular country and will hold excess capacity elsewhere. According to the conventional wisdom lack of commitment from the government discouraged foreign direct investment in emerging countries.The research work done by Harvey (1990) focused on the macroeconomic determinants of FDI in addition to variables relating to different industry groups and tried to identify the impact of these variables on the inward FDI flow of the recipient country. Research suggested that Exchange rate and Sales had significant impact on the foreign direct investment, whereas taxes did not have any significant role in e xplaining foreign direct investment. Following bit different framework research conducted by Rolfe, Ricks, Pointer and McCarthy (1993) made an attempt to check investorsà ¢Ã¢â€š ¬Ã¢â€ž ¢ investment decision on the basis of various investment incentives provided by countries in the Caribbean region. The study demonstrated that all inducements do not evenly plea to all investors. The investment characteristics would determine which incentives firm manager will prefer. According to the study incentives chosen by firms exporting their productsvary from those firms that sale product in local markets, companiesopening operations in a new state had different inducement preferences than firms involved in growing or purchasingprevailing operations, incentive choicesoccasionally differ by state of investment, incentives varyreliant upon the products made, large financiersselect different motivations than those preferred by smaller companies and incentive inclinations can fluctuate on yearly basis. In short the research concluded that incentive preferences can be represented as a function of the investment type, countries involved, the market positioning of the investing companies, type of products produced by the investing company, amount of the capital invested, and investment time. Terpstra and Yu (1988) tried to examine the impact of firm-specific advantages and locational factors on the foreign investment made by advertising agencies of U.S. Study focused ondetermining role of market size of recipient country, geographic nearness of recipient country, size of the investing firm, experience of investing firm in international operations, oligopolistic response and existence of homemade country clientelesoverseason FDI. The research depicted that U.S. advertising agencies prefer to invest in those foreign countries having large market size, did not discriminated countries on the basis of their geographic location, inclined to enter foreign market with bigger firm size, tended international expansion with increasing understanding of international operations, reacted oligopolistically while making foreign investment and followed client firms belonging to home country while going abroad. Additionally research found that oligopolistic reaction had stronger impact in 1984 compared to 1972, intensity of competition had significant impact on oligopolistic reaction and top agencies witnessed stronger impact of oligopolistic reaction. Another study tried to examine determinants of FDI by using macroeconomic variables but more emphasis was given to various ratios relating to capital and labor, it also used à ¢Ã¢â€š ¬Ã…“The Heckscher-Ohlin Theoryà ¢Ã¢â€š ¬? which stated that a country exports those commodities that intensively use the countrys relatively abundant factors and imports those goods using its scarce factors intensively. Results indicated that countries like U.S. imported goods whose production required higher capital to labor ratio than the goods exported and when the endowment ratio of capital/labor increased the ratio of capital for each worker in import-competing production to capital for each worker in export production declined.Gopinath and Echeverria (2004) studied the association between foreign investment (FDI) and trade in mutualframework, that is, source or investing countrys exports and foreign investment toinvestment recipient country wereexaminedthrough gravity-model methodology. Results suggested that physical distance had negative impact on trade-FDI ratio, this caused nations to switch from export to FDI based manufacturing. Research also found GDP per capita to affect trade-FDI ratio positively and institutional quality strongly encouraged FDI, additionally FDI was also encouraged by regional trading agreements. The empirical study conducted by Goldberg and Kolstad (1995) stated that exchange rate instability contributed to production internationalization without depressing economic activity in the home country. Furthermore, exchange rate instability motivated the portion of investment activity situatedin foreign state. Research also suggested that exchange rate instability did not have statistically dissimilar effects on capital investment shares when distinguished between varieties of periods where real or financialvariations dictated exchange rate movement.Yin (1999) made an attempt to study the impact of tax inducements on the arrangement of a localbusinesswith respect to price, productivity, revenue, and entrance/exit, by taking into consideration technology relocation through FDI. The study concluded that if thehost countryà ¢Ã¢â€š ¬Ã¢â€ž ¢sà ¢Ã¢â€š ¬Ã¢â€ž ¢ government providedhigher tax relief to foreign companies, this will result in rise in total yield and decrease price index whi ch will encourage more foreign businesses to move in the industry while certain present host businesses will need to departure. Research also suggested that government should be cautious in decreasing rate of taxes to attract FDI. Vita and Kyaw (2008) used empirically controllable structural VAR model for identifyingdetermining factors of investment flows and variance decomposition and impulse response analyses to examine the time-based dynamic effects of variations in both pull andpushmotivators on FDI and portfolio investments. Study suggested that variation in real variables representing economic activity for example domestic productivity and foreign output possess more power in explaining variability in investment flows to developing nations. This research developed structural VAR model to test relative importance of the determinants of disaggregated investment flows to developing countries. The study investigated the degree to which deviations in FDI and portfolio investmentswere caused by variety of pull andpush factors throughvariousperiod horizons. Studying the impact of FDI on variousfacets of local economies, containingglobal trade, employment, gross fixed capital formation, output, balance of payments(BoP) and overall welfareHejazi and Pauly (2003) found that FDI was encouraged by market access and factor price differences, and on the role of intra-firm trade. According to the research prediction of whether growth in outward FDI will increase or decrease domestic GFCF is not possible. Therefore, comparisons of such growth relative to growth in inward FDI can be a misleading indicator for policy makers. Since the impact of FDI on domestic GFCF depends on the underlying motivation for investment, and not simply on the growth in outward relative to inward FDI, the results are of interest to all countries. The implication of results stated that quickprogress in outward foreign direct investment, comparative to inward progress, should not be taken as a negative growth, butmightbe source of success. Chen (1996) suggested that capacity of the market share to expand affected inward flow ofFDI but labor cost (WAGE) does not affect FDI. Similarly foreign investing companies had utilized the natural and energy resources of Western regiondespite of low allocative efficiency in this area.Interregionalrailwaynetworksweresignificant in location preference of foreign investorsà ¢Ã¢â€š ¬Ã¢â€ž ¢. Besides that, foreign investors were reluctant in locating near state-of-the-artlocal Chinese businesses in the eastern as well as middle provinces. These results were significant because the choice of FDI location appeared to have been motivated by the presence of good transportconnections, high-tech filtering and, to some level by the capacity of the market share to expand. The choice of FDI location did not appear to have been persuaded by taking into accountlabor cost variances. According to the neoclassical model of growth, growth rate of labor as well as technological developmentwere considered as exogenous and inward Foreign Direct Investment (FDI) will lead to increase in the investment rate and which will ultimately lead to increase in the growth of per capita income but the growth effect will not last in the long run (Hsiao and Hsiao, 2006). Papanek (1973) indicatedstatistically significant negative effect of varioussorts of investment on domestic savings. Grounded on a sample of 85emerging countries, researchconcluded that foreign investment displaced national savings. Precisely, the research exhibited all types of foreign investment either in shape of aid or individual investment compressed the domestic savings. As a result the economy of the FDI recipient country went into state ofhigher dependency on foreign investment for development. The empirical studies of Cushman (1985) based U.S. bilateral FDI outflow and inflow data concluded that exchange rate variability had positive relation with set of flows.Connor (1983) conducted research which focused on inward as well as outward flow of FDI. The study divided country specific advantages into three categories FDI Probability, FDI Propensity and FDI Penetration and their impact on FDI.Larudeeand Koechlin (1999) research focused on the wages or labor costs and productivity in terms of production costs as the determinants of FDI. This research usedsweatshop labor argument that relied indirectly on assumption of simplistic trade model that assumed all of the national firms to have access to similar technology. But in contrary MNE and abundant theory acquire higher labor efficiency due to the firm related advantages MNE possess. Thediscrepancy between investing and recipient country in average manufacturing wage should therefore be an independent determinant of FDI flows. CHAPTER 3: PROPOSED METHODOLOGY 3.1 Method of Data Collection The secondary data necessarily required to perform the research was gathered from the official sites of The World Bank and The State Bank of Pakistan. Additionally, some of the required data was abstracted from the book Statistical Supplement and Yearly Book both being published under the supervision of State Bank of Pakistan. 3.2 Sample Size The data used for the purpose of research consisted of 30 years annual data of the variables used in research. Data of all the variables belonged to period starting from fiscal year 1980 to fiscal year 2010. 3.4 Research Model developed In order to test the hypothesis of the research multiple regression model was developed. The model established is similar to the research model used by Kyrkilis and Pantelidis (2003). FDI= ÃŽÂ ± + ÃŽÂ ²0GDP + ÃŽÂ ²1GDPG à ¢Ã¢â€š ¬Ã¢â‚¬Å" ÃŽÂ ²2Wage- ÃŽÂ ²3I + ÃŽÂ ²4ER + ÃŽÂ ²5IE à ¢Ã¢â€š ¬Ã¢â‚¬Å" ÃŽÂ ²6T à ¢Ã¢â€š ¬Ã¢â‚¬Å" ÃŽÂ ²7IR +  µ Where FDI = Net amount of Foreign Direct Investment received by Pakistan Wage = Annual wages paid to a worker (Labor cost) I = Inflation,IR = Interest rate, ER = Exchange rate, IE = Infrastructure expenditure,T = Taxes, GDP = Gross domestic product,GDPG = GDP per capita growth rate. 3.3 Statistical Technique In order to test the hypothesis developed of the research the statistical technique of multiple regressionanalysis was applied. This technique was applied because both the dependent variable and independent variables were scale and under this situation the prediction power of regression analysis is stronger as compared with the other statistical techniques available. CHAPTER 4: RESULTS 4.1 Findings and Interpretation of the results The results drawn by applying Multiple Regression analysis were as follows: Table: 4.1 Model Summary Model R R Square Adjusted R Square Std.Errorof the Estimate Durbin-Watson 1 .998a .996 .995 6.65146E17 2.744 The model summary table explains what amount of variance in the dependent variable is explained by the independent variables. The value of R-square is .996 which means that approximately 99.6 % of the variance of SQFDI is accounted for by the model and only .04 % of the variance remains unexplained. Independent variables were square of Infrastructure Expenditure (PSDP Fund), Interest Rate (IR), Inflation (I) and Exchange Rate (ER) and the dependent variablewas Square of Net Foreign Direct Investment (SQFDI). Table: 4.2 ANOVA Model Sum of Squares df Mean Square F Sig. 1 Regression 2.524E39 4 6.310E38 1426.142 .000a Residual 1.106E37 25 4.424E35 Total 2.535E39 29 The Anova table explains the model fit, sig. value of .000 suggests F-test to be significant, and therefore the model is statistically significant. When the sig. value in the Anova table is less than .05 the model fit is good and regression can be applied on the data. Table: 4.3 Coefficients Model Unstandardized Coefficients Standardized Coefficients t Sig. Collinearity Statistics B Std. Error Beta Tolerance VIF 1 (Constant) -9.595E17 7.703E17 -1.246 .224 Inflation -8.806E16 3.960E16 -.037 -2.224 .035 .640 1.562 Interest Rate 2.047E17 6.261E16 .045 3.270 .003 .920 1.086 Exchange rate -5.646E16 9.021E15 -.125 -6.259 .000 .440 2.273 IE 1.654E8 3349513.619 1.094 49.392 .000 .356 2.809 The co-efficients table shows the significance of individual independent variable in explaining the dependent variable. In the final model square of Infrastructure Expenditure (PSDP Fund), Interest Rate (IR), Inflation (I) and Exchange Rate (ER) were the statistically significant variables.The effect of Inflation (Standardized B= -.037, P =.035) is statistically significant havingnegative coefficientdemonstrating that largerthe value of inflation rate, the lower the Foreign Direct Investment. The value of beta indicates that 1 unit increase in inflation will decrease FDI by .037units. Similarly, the effect of Interest Rate (Standardized B= .045, P =.003) is significant and its coefficient is positive indicating that the greater the value of interest rate, the higher the amount of FDI received. The value of beta indicates that 1 unit increase in interest rate will increase FDI by .045units. Next, the effect of Exchange Rate (Standardized B= -.125, P =.000) is statistically significant havingnegative coefficientdemonstrating that larger the value of exchange rate, the lower the amount of FDI. The value of beta indicates that 1 unit increase in exchange rate will decrease FDI by .125units. Finally, the effect of Infrastructure Expenditure (Standardized B= 1.094, P =.000) is also statisticallysignificant having positive coefficient indicating that the greater the amount spent by government as infrastructure expenditure, the higher the amount of FDIreceived. The value of beta indicates that 1 unit increase in amount of infrastructure expenditure will lead to an increase of 1.094 units in FDI. Empirical Model Developed FDI = 1.094 InfrastructureExpenditure + .045 Interest Rate .125 Exchange Rate .037 Inflation 4.2 Hypothesis Assessment Summary Hypothesis ÃŽÂ ² Sig. E.C H1: GDP has positive impact on FDI .089 .560 Reject H2: Infrastructure expenditure has positive impact on FDI 1.094 .000 Accept H3: Taxes has negative impact on FDI Reject H4: Inflation has negative impact on FDI -.037 .035 Accept H5:GDP per capita growth has positive impact on FDI .001 .962 Reject H6: Exchange rate has positive impact on FDI -.125 .000 Reject H7: Interest rate has negative impact on FDI .045 .003 Reject CHAPTER 5: DISCUSSION, CONCLUSION, IMPLICATIONS AND FUTURE RESEARCH 5.1 Conclusion Foreign direct invest being the most important factor in the development of developing countries likewise Pakistan. From recent years there has been great fight going on among LDCà ¢Ã¢â€š ¬Ã¢â€ž ¢s from all over the world to attract higher amount of FDI to fuel their economic growth. This research was intended to find out the impact of macroeconomic variables including GDP, GDP per capita growth rate, Interest rate, Inflation rate, Wage rate, Exchange rate, Tax rate and Infrastructure expenditure (PSDP fund) on the inflow of Foreign Direct Investment in Pakistan.The relationship between labor cost (Wage) and FDI could not be established because insufficient data was available on the annual wage rate in the country. GDP, GDP per capita growth rate and Tax rate were statistically insignificant in contributing in the final model.The most significant variables in the model were Inflation rate and Exchange rate; both had negative relation with FDI inflow having beta of -8.806 and-5.646 r espectively.Interest rate and Infrastructure expenditure (PSDP fund) were positively related with FDI inflow having beta of 2.047 and 1.654 respectively. 5.2 Discussion Accordingto results derived from the research inflation had negative impact on FDI as found by (Kok and Erosy, 2003). Contradictory to the studies of Kok and Erosyet al. andAsiedu (2002) that found positive impact of GDP per capita growth rate on inward flow of FDI but in case of Pakistan GDP per capita growth rate proved insignificant.Results regarding the impact ofinfrastructure on FDI were similar to those established by Asiedu (2002)but the impact of tax rate was conflicting. The results regarding the impact of exchange rate on FDI were consistent with those found by (Cushman,1985).Terpstra and Yu (1988) and Weinstein (1977) found positiveimpact of GDP on FDI but according to the results of this study GDP was statistically insignificant in explaining variation in FDI.Finally, the results regarding the impact of interest rate on FDI were consistent with those found by (Fernandez-Arias, 1996). 5.3 Implications and Recommendations Pakistan belongs to category of countries those currently face huge deficit of resources to finance its major growth projects and to manage the government operations smoothly.This research paper made attempt to explore those factors that in particular have direct impact on the inward FDI flow of the country.Results of the research show that exchange rate and inflation were negatively related with FDI and had statistically significant impact on the FDI received by the country. Therefore, the government of Pakistan should try to control the rate of inflation and fluctuations in the exchange rate and keep it at minimum possible level inorder to assist the increase in inflow flow of FDI.Similarly, infrastructure expenditure and interest rate were found to be positively related with inflow of FDI, keeping this in mind government should increase its spending on the development of infrastructure within the country. Following these strategies the government would be able to attract higher am ount of FDI. 5.4 Future Research Generally speaking determinants of foreign direct investment could consist of variety of factors other than some macroeconomic variables discussed in this particular research paper. The most common of those that previously have been studied were political factors including political stability, level of corruption, structure of the industry, market openness and variety of other factors impact the foreign direct investment received by any specific country. But talking in the Asian scenario cheap labor has been one of the major determinants of the inward FDI flow but unfortunately data regarding labor cost (wage) could not be collected and the impact of labor cost on FDI in case of Pakistan remained unidentified. Therefore, great deal of research could be done in order to identify those variables that have an impact on FDI.

Reducing Sex Segregation at Work and Home :: Womens Studies

Reducing Sex Segregation at Work and Home Paula England in her article "Work for Pay and Work at Home: Women's Double Disadvantage" treats women's lives in our society. She presents us a double disadvantage in women's lives: disadvantage at work and disadvantage at home. A sex segregation exists. Almost all jobs are filled by one of the sexes. Because of socialization and employer's discrimination there is a gap in earnings between men and women. Also at home women do the bulk of child rearing and other work. Compared to 40 years ago the men have increased their contributions at home. Also sex segregation and the pay gap are reduced, but they still exist. However, because roles are changing the truth is in most families people are now negotiating about the work at home. According to David Molpus, studies show that especially among two-job couples there is an agreement about equal sharing at home when the man and the woman both work full time. Mothers and fathers find different ways to contribute to childcare and other household work. They like equal parenting and don't want to leave their children in the hands of strangers. Equal sharing at home gives the fathers opportunity to stay more with their children and to know more about their lives. To do so, working-class couples try alternating their work shifts, and middle-class couples try working at home for one or two days. They both share enjoyment and the sacrifices of their family. I like and support the changes that are taking place now in our society. Equal sharing in both child rearing and domestic work is the best thing couples can do in their family. Children at home are such a joy and happiness. They need both the mother and the father to take care of them. I think the parents should have the same feelings. It is so important for fathers to spend more time with their children, to know what they like and dislike. This way they will enjoy their kids and their love. It is a sacrifice for some parents to work different shifts, but sacrifices also keep the family close. When you go home tired from work, their hugging and kissing is such a joy and rest for you. Smiles in their faces are love and life. Fathers that share child rearing have more love in their family. Also equal sharing in other domestic work like cooking and cleaning, fixing things and paying bills or shopping is important for family.

General Overview Of Solid Waste Management Environmental Sciences Essay

As clarified in the introductory portion of this survey, Solid Waste Management is defined as the aggregation, transit, processing or intervention, recycling or disposal and eventually monitoring of waste stuffs. The term is normally related to the stuffs produced by assorted activities undertaken by worlds and is by and large carried out to cut down their negative effects on their wellness, environment and aesthetics. Waste direction is besides undertaken to retrieve resources for farther commercial or economic benefits. Waste direction can affect the managing of solid, liquid, gaseous or radioactive waste stuffs, and for which there are assorted methods and Fieldss of expertness for each type. As the topic of this research suggests, we will be concentrating on the direction of solid waste merely. Waste direction patterns differ for developed and developing states, for urban and rural countries, and for residential and industrial manufacturers. Management for non-hazardous residential and institutional waste in metropolitan countries around the universe, is normally the duty of the local authorities governments, while direction for non-hazardous commercial and industrial waste is normally the premier duty of the manufacturer. Waste is an ineluctable byproduct of most human activity. Economic development and lifting life criterions in the Asiatic and Pacific Region have led to an addition in the measure and complexness of generated waste, while industrial variegation and the proviso of expanded health-care installations have added significant measures of industrial risky waste and biomedical waste into the waste watercourse which will potentially hold terrible environmental and human wellness effects. In the undermentioned paragraphs, we will be discoursing the coevals and types of turning volume of solid waste, which poses formidable challenges to the universe.TYPES OF WASTE & A ; THEIR DIFFERENTIATIONGENERATION AND CHARACTERISTICSA clear grasp of the measures and features of the waste being generated is a cardinal constituent in the development of strong and cost-efficient solid waste direction schemes. In some of the more developed states, the quantification and word picture of waste signifiers the foot ing for direction and intercession, while in the underdeveloped universe small precedence is given to the systematic surveying of waste coevals and direction and future tendencies of waste coevals are ill understood. Although there is a deficiency of comprehensive or consistent information, at the state degree, some wide tendencies and common elements are evident while discoursing the coevals and types of solid waste. In general, the developed states generate much higher measures of waste per capita compared to the developing states of the part. However, in certain fortunes the direction of even little measures of waste poses a important challenge. For illustration, in the little islands of the South Pacific sub part, little populations and modest economic activity have ensured that comparatively low measures of waste are generated. However, many of these states, peculiarly little states such as Kiribati, Tuvalu and the Marshall Islands, face considerable waste direction challenges due to their little land countries and attendant deficiency of disposal options. Throughout the universe, the chief beginnings of solid waste are residential families and the agricultural, commercial, building, industrial and institutional sectors. For the intents of this survey, these beginnings are defined as giving rise to four major classs of waste: municipal solid waste, industrial waste, agricultural waste, hospital waste and risky waste. Each of these waste types is examined individually below.Municipal Solid WasteMunicipal solid waste ( MSW ) is generated from families, offices, hotels, stores, schools and such other establishments. The major constituents are nutrient waste, paper, plastic, shreds, metal and glass. Although destruction and building dust is frequently included in gathered waste, as are besides little measures of risky waste, such as electric visible radiation bulbs, batteries, automotive parts and discarded medical specialties and chemicals. Coevals rates for MSW vary from metropolis to metropolis and from season to season and have a strong correlativity with degrees of economic development and activity. High-income states ( such as Australia, Japan, Hong Kong, China, Republic of Korea, and Singapore ) produce between 1.1 and 5.0 kg/capita/ twenty-four hours ; middle-income states ( such as Indonesia, Malaysia and Thailand ) generate between 0.52 and 1.0 kg/capita/day, whilst low-income states ( such as Bangladesh, India, Viet Nam, Pakistan and Myanmar ) have coevals rates of between 0.45 and 0.89 kg/capita/ twenty-four hours. Taken as a whole, the Asian and Pacific Region presently produces some 1.5 million dozenss of MSW each twenty-four hours and this is expected to more than double by 2025 ( World Bank, 1999 ) . The sum of human fecal matters in the MSW is important in chunky countries of many Asiatic and Pacific metropoliss where â€Å" wrap and throw † sanitation is practiced or bucket latrines are emptied into waste containers. The latter is common in many metropoliss ( such as Calcutta, Dhaka and Hanoi ) of the part where there are minimum or uneffective sewage systems.Industrial Solid WasteIndustrial solid waste in the Asiatic and Pacific Region, as elsewhere, encompasses a broad scope of stuffs of changing environmental toxicity. Typically this scope would include paper, packaging stuffs, waste from nutrient processing, oils, dissolvers, rosins, pigments and sludge, glass, ceramics, rocks, metals, plastics, gum elastic, leather, wood, fabric, straw and abradants. As with municipal solid waste, due to the absence of a regularly up-dated and systematic database on industrial solid waste, the exact rates of coevals are mostly unknown. Industrial solid waste coevals varies, non merely between states at different phases of development but besides between developing states. In People ‘s Republic of China, for illustration, the coevals ratio of municipal to industrial solid waste is one to three. In Bangladesh, Sri Lanka and Pakistan, nevertheless, this ratio is much lower. In high-income, developed states, such as Australia and Japan, the ratio is one to eight. However, based on an mean ratio for the Asian and Pacific part, the industrial solid waste coevals is tantamount to 1,900 million dozenss per annum. This sum is expected to increase well and at the current growing rates, it is estimated that it will duplicate in less than 20 old ages. As the bing industrial solid waste aggregation, processing and disposal systems of many states are gro ssly unequal ; such incremental growing will present really serious challenges.Agricultural Waste and ResiduesExpanding agricultural production has of course resulted in increased measures of farm animal waste, agricultural harvest residues and agro-industrial byproducts. Among the states in the Asiatic and Pacific Region, People ‘s Republic of China produces the largest measures of agribusiness waste and harvest residues followed by India. In People ‘s Republic of China, some 587 million dozenss of residues are generated yearly from the production of rice, maize and wheat entirely. In Pakistan, approximately 56.22 million dozenss of different harvest residues are generated yearly, of which 12.46 million dozenss originate from cotton, 2.90 million dozenss from corn, 12.87 million dozenss from sugar cane, 8.16 million dozenss from rice and 19.83 million dozenss from wheat. In add-on, Pakistan produces other wastes amounting to some 28 million dozenss of which 58 % are car nal waste, 40 % is sugarcane bagasse and the staying 2 % comprises a mix of jute, mustard chaffs, benne sticks, Castor seed chaffs, sunflower chaffs and baccy chaffs ( ESCAP 1997 ) .Hospital/ Hazardous WasteHospital waste is generated during the diagnosing, intervention, or immunisation of human existences or animate beings or in research activities in these Fieldss or in the production or testing of biological stuffs. It may include wastes like solid waste, disposables, anatomical waste, civilizations, discarded medical specialties and chemical wastes. These are in the signifier of disposable panpipes, swabs, patchs, organic structure fluids and human body waste. This waste is extremely infective and can be a serious menace to human wellness if non managed in a scientific and discriminate mode. It has been approximately estimated that of the 4 kilogram of waste generated in a infirmary at least 1 kilograms would be infected. In Punjab, Pakistan, 75 dozenss of clinical waste is produced daily. The rate of coevals per bed per twenty-four hours is 1.8 kilogram. There are 35 infirmaries in Lahore, which generate 6 dozenss of clinical waste daily. Most risky waste is the byproduct of a wide spectrum of industrial, agricultural and fabrication procedures, atomic constitutions, infirmaries and health-care installations. Chiefly, high-volume generators of industrial risky waste are the chemical, petrochemical, crude oil, metals, wood intervention, mush and paper, leather, fabrics and energy production workss ( coal-burning and atomic power workss and crude oil production workss ) . The chief types of risky waste generated in the Asiatic and Pacific Region, include waste dissolvers, Cl bearing waste and pesticideorganophosphate-herbicide-urea-fungicide bearing waste. In peculiar, dissolvers are extensively used and, as a effect, big measures of waste dissolvers are produced.Table: Beginnings of solid wastes, typical waste generators and types of solid waste generated( Adapted from Pakistan State of the Environment Report 2005, bill of exchange, p. 113 )METHODS OF DISPOSAL OF SOLID WASTEThere are a assortment of ways in which solid waste can be disposed off. Following are some of the methods of solid waste disposal.Figure: The Solid Waste Management HierarchyBeginning: Waste Hierarchy: Who ‘s on Top in the Game of Trash? By Raquel Fagan1. LandfillA landfill, besides called a shit or a rubbish shit is a site for the concluding disposal of waste stuffs by burial and is the oldest and most widespread signifier of waste intervention. Historically, landfills have been the most common methods of organized waste disposal and remain so in many topographic points around the universe. Landfills may include both the waste disposal sites around metropoliss ( where a manufacturer of waste carries out their ain waste disposal at the topographic point of production ) and every bit good as sites used by many manufacturers. Many landfills are besides used for other waste direction intents, such as the impermanent storage, consolidation and transportation, or processing of waste stuff ( screening, intervention, or recycling ) . Disposing of waste in a landfill involves the burial of waste and they are frequently established or located in abandoned or fresh big ditches, mining nothingnesss or tunnel cavities. A decently designed and well-managed landfill can be a hygienic and comparatively cheap method of disposing of waste stuffs. Older or ill designed and managed landfills can make a figure of unfavourable environmental impacts such as wind-blown litter, attractive force of plagues, and coevals of liquid leachate. Another common by-product of landfills is gas ( largely composed of methane and C dioxide ) , which is produced when organic waste interruptions down anaerobically. This gas can make stench jobs, kill surface works life, and is a nursery gas.Figure: A Landfill in ActionBeginning: RE3.org ( Posters ) , Reduce, Reuse, RecycleThe design features of a modern landfill should include steps to incorporate leachate such as a dirt or plastic liner stuff. Deposited waste is usually compressed to increase i ts denseness and stableness, and is covered to forestall pulling plagues ( such as mice or rats ) . Many landfills besides have gas extraction systems fixed to take the gas produced in the waste. Gas is so pumped out of the landfill utilizing pierced pipes and flared off or fire in a gas engine to bring forth electricity.2. IncinerationIncineration is another waste disposal method which involves the combustion of waste stuff. Incineration and similar other high temperature waste intervention systems are sometimes described as â€Å" thermic intervention † methods. Incinerators convert waste stuffs into heat, gas, steam, and ash. Incineration is undertaken both on a private graduated table by persons and on a big graduated table by industries. It is used to dispose of all types of solid, liquid and gaseous waste. It is recognized as rather a utile method of disposing of certain risky waste stuffs ( such as biological medical waste ) . Incineration can be a controversial method of waste disposal, due to issues such as emanation of gaseous pollutants. Incineration is common in states such as Japan where land is non openly available, as these installations by and large do non necessitate as much country as landfills. Waste-to-energy ( WtE ) or energy-from-waste ( EfW ) are wide footings for installations that burn waste in a furnace or boiler to bring forth heat, steam and/or electricity. Combustion in an incinerator is non ever perfect and there have been concerns about micro-pollutants in gaseous emanations from incinerator tonss. Particular concern has focused on some really relentless organics such as dioxins, furans, PAHs ( poly aromatic hydrocarbons ) that may be created within the incinerator and afterwards in the incinerator plume, which may hold serious environmental effects in the country instantly around the incinerator. On the other manus, this method or the more benign anaerobiotic digestion produces heat that can be used as energy.Figure: Basic layout of a province of the art municipal solid waste incineration worksBe ginning: vonRoll Inova: Grate burning systems. Zurich.3. CompostingCompost is an organic stuff which is a combination of decomposed workss and carnal stuffs and other organic stuffs that are being decomposed mostly through aerophilic decomposition into a rich black dirt. The procedure of composting is simple and practiced in private by persons in their places, agriculturally by husbandmans on their lands and industrially by industries and metropoliss. Compost dirt is really rich and is used for many intents. A few of the topographic points that it is used are in gardens, landscape gardening, gardening and agribusiness. The compost of dirt itself is good for the land in many ways, including as dirt conditioner, as fertiliser to add critical humus or humic acids, and as a natural pesticide. In ecosystems, compost dirt is utile for eroding control, land and watercourse renewal, wetland building and as landfill screen. As concern about landfill infinite additions, world-wide involvement in recycling by agencies of composting is turning, since it is a procedure for change overing analyzable organic stuffs into utile stable merchandises.4. Plasma GasificationPlasma is a extremely electrically charged gas. An illustration in nature is lightning, capable of bring forthing temperatures transcending 12,600A A °F ( 6,980A A °C ) . A gasifier vas utilizes proprietary plasma torches runing at +10,000A A °F ( 5,540A A °C ) ( the surface temperature of the Sun ) in order to make a gasification zone of up to 3,000A A °F ( 1,650A A °C ) to change over solid or liquid wastes into a syngas ( Alliance Federated Energy, hypertext transfer protocol: //www.afeservices.com/tech_what.php ) . Syngas ( from synthesis gas ) is the name given to a gas mixture that contains changing sums of C monoxide and H. When municipal solid waste is subjected to this utmost heat within the vas, the waste ‘s molecular bonds break down into basic constituents. The procedure therefore consequences in riddance of waste and risky stuffs. Plasma gasification offers states new chances for waste disposal, and more significantly for renewable power coevals in an environmentally sustainable mode.THE MODEL FOR INTEGRATED SWMThe Model for the Integrated Solid Waste Management has been presented by research workers, Joe E. Heimlich, Kerry L. Hughes and Ann D. Christy at the Ohio State University, USA, as portion of its Community Development Initiative.Figure: The Integrated SWM ModelBeginning: Community Development Initiative, Ohio State University, USAThe scheme behind the development of this theoretical account is to place the degree or degrees at which the highest values of single and corporate stuffs can be recovered. No individual solution wholly answers the inquiry of what to make with our waste. Every community or part has its ain alone profile of solid waste. The composing of solid waste besides varies, depending on diverse variables such as urbanisation, commercial endeavors, fabrication and service sector activities. Similarly the attitudes of people in different parts of any state vary sing waste direction patterns. This is frequently referred to as Waste Management Ethics and includes the recycling ethic and litter moral principle of a community as subcategories. Community diverseness and waste diverseness are the two chief grounds why no individual method of waste disposal has been accepted as the best method. However, all communities besides have the same options to blow disposal as good. For this ground, the Integrated Waste Management starts with decrease ( utilizing less ) and recycling more, thereby salvaging stuff production, resource cost and energy. At the underside of the list, lies the Landfill, which is the ultimate method of Waste Disposal around the universe.THE THREE R ‘SREDUCE: Conserving resources and environment by cut downing the measure of waste that is produced. Reducing the waste coevals is the most desirable waste direction method as it does off with the demand to manage, conveyance, recycle, or disposal of waste in the first topographic point. REUSE: Reconditioning unwanted manufactured merchandises. Largely carried out by scavengers in developing states. It fundamentally means utilizing a merchandise more than one time, either for the same intent or for a different 1. For illustration, utilizing lasting java mugs, towels, serviettes, replenishing bottles etc. RECYCLE: Recovering and recycling stuffs by assorted interventions. Mostly paper and Sns. It includes recycling of organic wastes to do new or similar merchandises but excludes recovery of energy from waste stuffs