What has been the impact of World Bank upon development in the south Essay

What has been the impact of World Bank upon development in the south - Essay Example According to the neo-classical economic theory, the financially weak countries should borrow money abroad to finance their investments and requirement. According to CIA (2009), United States has got the highest level of outstanding external debt, which is approximately $13,450 million. United Kingdom being the second and there are few other countries too. So it can be understood that neither the developing nor the developed countries are immune to the finance deficit problems. This context can be better explained through the dual-gap model, which highlights the aspect of motivation for introducing debt in growth model. This model states that there are two gaps, mainly foreign exchange gaps and saving gaps. These two factors might be scarce to support the growth of the developing countries (Daud, and Podivinsky, 2011, p. 2-4). High levels of debt could also adversely affect the economic growth of any country. It can be also related to the debt-overhang theory. According to debt-overhang theory, the expected return of external debt is inadequate compared to the contractual value of debt. The heavy burden of debt on the developing countries drains their investments too and returns get taxed away. Apart from this high debt also negatively affect the investment rates and growth of the country because of huge cash flow and has effects of moral hazards. However, on the opposite side, if external debt is considered at the level of foreign borrowings, then it could have a positive impact on growth and investment of the country. The Laffer curve represents the relation between the investment and the face value of the debt. The expected amount for repayment falls when the level of outstanding debt increases beyond the specified mark. So according to the Laffer curve, the expected payment would reduce with the increa se in the face value of debt (Zawalinska, 2004, p. 5-6). Since the past decades, policymakers and also academicians have taken keen interest in studying, and investigating theories to develop a link between debt and the economic growth of the global economy, but we would consider a few empirical studies to understand the concepts in this study. Abdelmawla-Mohammed (2005) supports the fact that external debt has a negative effect on the economic growth and development. Studies in about 61 developing countries have been conducted and results reveal that high debt can also create negative effects on the physical capital and productivity growth of the country. This study aims at focusing on the Structural Adjustment Programs (SAPs) of the World Bank and the impact of such strategies on the south. We would follow a well-defined framework to evaluate each dimension of external debt, its effects on economic growth, and effect of SAPs on the economic condition of the developing countries. A lso a critical analysis of the negative aspect of SAP of World Bank would be done in this study. World Bank and its Initiative towards Poverty Reduction Richard Peet in his "Unholy

Lean implementation and supply chain development at Oak Hills Case Study

Lean implementation and supply chain development at Oak Hills - Case Study Example The mergers and acquisitions which characterize the company have an implication on the supply chain and thus it is necessary that the company implements strategies which will not impact negatively on the efficiency and effectiveness of the supply chain. The competition in the market is growing as illustrated by the rise of competitors such as Triangle Corps. The competition is stiff within the market because the two companies deal in the same products and services. The essence of effective supply chain development within Oak Hills is attributed to the fact that the company is in the process of being acquired even though the acquisition process has not been successfully completed. The revenues of the company are expected to rise as the combination of companies is to offer an array of upstream services. Oak Hills is in dire need of improving its supply chain processes in terms of effectiveness and efficiency. The special testing instrument as the main product of the Oaks Hill manufacturing facility requires applying a lean system in ensuring that all of the operations within the supply chain are coordinated. With the headquarters of Oaks Hill being in Houston, it needs to coordinate the activities of all of its branches so that they are integrated into a common business unit. As a result, the special project of the facility in testing oil and gas exploration can achieve its goals and objectives. The most important stakeholder of any supply chain is the customer (Hilletofth and David 264). This means that customers must be given priority consideration in the processing of the activities of a supply chain. Both the external and internal customers of the facility must be given due consideration in the supply of the products so that their needs are met. The effectiveness of a supply chain can only be achieved through the

What actions might be taken by governments to reduce or limit price Essay

What actions might be taken by governments to reduce or limit price fluctuations of your commodity (Coffee) - Essay Example As a result, the farmers will not be able to make a profit and will end up running in a danger of going out of business. The government, therefore, intervenes and attempts to raise the prices or try to affect the farmer revenue. A good example of this intervention is through subsidy or negative taxation. In these cases, the farmers receive extra payments from the government. An example is in the coffee industry. Alternative solutions include government involvement to buy the products in the open market causing an increase in demand until the commodity prices get to the desired level. Alternatively, the supply of the commodities are curtailed by quotas where only certain farmers are allowed to grow a certain crop, and there are limits on how many products can be produced i.e. sugar, coffee, tobacco. Price controls can be imposed to limit the maximum and minimum prices that can be charged for a certain product. However, it has serious consequences causing a decrease in production as it will not be profitable to produce as many products as they are demanded because of the low prices causing a shortage of the commodity. Farmers generally face price fluctuation of coffee product prices. This is so because coffee products that are produced by one farmer are equivalent to a similar product of the same grade that is produced by another farmer. Farmers are, therefore, considered to be price takers as they can sell all their products at any market price but have no individual bargaining power for their products to raise their prices. Therefore, it is essential to ensure that there is stability in the global market prices of the agricultural products (Mohan 2007). Supply management programs, and agricultural policies in the past have helped in maintaining production around the demand to ensure that farmers do not produce an oversupply that can lead to prices collapse of their products. A number of strategies

Weather Phenomenons vs. Crop Prices Essay Example | Topics and Well Written Essays - 1750 words

Weather Phenomenons vs. Crop Prices - Essay Example These elements are composed of what is known as weather phenomena such a drought, hurricane, wind, heavy rainfall, and snow. Drought, for example, tends to destroy crops, thereby decreasing its supply in the market and increasing prices. Other weather phenomena also affect the prices of the crops commodities in different ways, as will be discussed in the paper. Weather Phenomenon vs. Crop Prices Introduction In its literal meaning, weather refers to a state of the atmosphere, to the extent to which it is cold, hot, dry, wet, stormy, calm, cloudy, or clear. In general terms, it refers to the day-to-day temperature and rainfall activities. According to Arnold (2010), weather is associated with a number of phenomena that influence greatly the prices of crops. The phenomena include droughts, prolonged heavy rainfalls (El-Nino), hurricanes, hailstorms, lightning, clouds, snow, and wind. The objective of this paper is to explore the current weather phenomena and their impact on crop prices . Drought Drought refers to a period of a dry spell when there is no rainfall. It is one of the major weather phenomena that affect the prices of crops. This is due to the fact that during a dry spell, crops usually dry up in the farms leading to poor harvest. This in turn, will lead to shortage of crops in the market (Bolling, 2000). When such a shortage occurs, the demand of the crops in the market will likely outweigh their supply. This will result in an increase in the price of these crops, as many buyers will be competing to buy them. Such a situation is being witnessed in the Midwest of the USA, where persistent drought has seen the prices of corn increase tremendously over the past few weeks (Sosnowski, 2012). Johnson (2012) notes that 10-months corn futures and soybeans’ prices hitting unprecedentedly high since 2008 are due to the speculation that the spreading drought currently witnessed in the Midwest of the US will cut the US’s supplies of these crops, as i t is the world’s largest producer of the crops. This was after the meteorological department predicted that the Midwest would experience unusually hot and dry spell in the next 10 days, as occasional light showers would be too little for more than brief crop improvements. Gim Gerlach was reported as saying that the crops are shrinking daily, while prices are shooting up for less available supply of crops for domestic use and export (Johnson, 2012). Statistically, corn futures for December supply jumped 4.4% to close at $7.725 per bushel on the Chicago Board of Trade. The trade market also had hit $7.78 high early on. This general increase in corn and soybeans due to the drought would also probably lead to inflation. Demand and supply curve: Price S2 S1 P2 D2 P1 D1 D Q2 Q1 Quantity Before the drought hit Midwest, production of corn stood at Q1 at S1 supply curve while price charged was P1and demand D1. However, after the drought hit the country, the supply curve shifted to S2 and the quantity supplied moved to Q2, thereby increasing prices from P1 to P2. The price increase in this case was caused by a fall in supply of corn, as people scrambled for the few remains, shifting the demand to D2. Adequate Rainfall Theoretically, farmers perceive rainy seasons as a period of bumper harvest. This is because the proper frequency of rainfalls leads to a good yield (Libecap & Steckel, 2010). The result would be that there would be enough supply of the crop in question to feed the nation and to export. Similarly, the forces of demand and supply would help determine the prices of the crops. Since supply would be high, this means

Inferential and Descriptive Statistics Essay Example | Topics and Well Written Essays - 750 words

Inferential and Descriptive Statistics - Essay Example In order to undertake inferential statistics changes should be made in the analysis of the data, frequencies should be recorded for the gender, for the right handed or left handed variable and for the preferred T shirt variable which should be treated as a dummy variable, for the income, age and grade variable, the mean, standard deviation and variance should be determined. A hypothesis should be formulated following the analysis of the central tendency of the data, for example a hypothesis may aim at finding out whether more participants prefer the red T shirt, another hypothesis may be aimed at finding out whether more male prefer the red T shirt or whether more female prefer red shirt. Finally in order to undertake inferential statistics the sampling method should be random, this involves selecting an appropriate method which will ensure that data is reliable. Example a random sample or cluster sample should be selected. The random sample ensures that the population is properly represented and that if another study is undertaken a study will yield the same results. There are a number of advantages associated with inferential statistics, one of the advantages is that inferential statistics will provide more information than descriptive statistics, for example descriptive statistics regarding the gender variable will indicate percentages of male and female participants, inferential statistics will involve determining the percentage of male, and also will also involve an analysis of the gross income for the year 1993. Inferential statistics may involve determining whether the average male gross income is greater than the average female income in 1993. Further inferential statistics will also provide information regarding the relationship between variables as shown in the above example. Another advantage of inferential statistics is that it reveals causes and effects, for example gender may influence preference. The other advantage is that inferential statistics helps in prediction, for example results may help in predicting the level of demand for both types of T Shirts. This form of analysis also has an advantage in that it provides convincing results which are widely accepted, hypothesis or theory under test in a study will require inferential statistics such as chi square tests, the results are compared and a conclusion is made regarding the hypothesis or theory. Therefore inferential statistics has an advantage over descriptive statistics whereby inferential statistics will aid in making conclusion about the data. Conclusion: From the above discussion it is evident that there are a number of changes that should be undertaken in the analysis in order to perform inferential statistics, frequencies and measures of central tendencies should be determined. A hypothesis should be stated that will be tested in order to make conclusions. There are number of advantages associated with inferential statistics which include the fact that inferential analysis will provide more information, reveal cause and effect and help in making conclusion that widely acceptable. Reference: Cheng Lee and Lee C. J. (2000) Statistics For Business And Financial Economics, Prentice Hall Publishers, New Jersey.

Cofidis Strategic Management Research Proposal Example | Topics and Well Written Essays - 500 words

Cofidis Strategic Management - Research Proposal Example The second alternative is to invest in a web market blitz, to secure new accounts at the current rate. In either case, Cofidis should use the web to help manage differences in consumer markets between countries using data driven applications to offer appropriate advertising for each country. The recommendation is that Cofidis follow through with the idea of becoming an online credit broker centered on the family life and the home. Without changing the brand and risk losing its following, Cofidis should focus on profitable credit products while enlisting the assistance of other financial solutions to offer unpaid debtors solutions online. To secure the place of Cofidis in the future credit market, we must formulate a strategy based on numerous systemic inputs. We will discuss the strategic problem, the tactical problem, some related issues, two viable alternatives, and an official recommendation.

The American period Of Colonization Essay Example for Free

The American period Of Colonization Essay Flora;Aguinaldo’s Forces continued its attempts to capture Manila from the Spaniards. Throughout this time, American Leaders Forged an agreement with the Spaniards that the Americans latter will surrender to the Americans . The two conspired that a mock battle of Manila Bay will be staged to save the honor of the Spanish crown. This plan was aided by Aguinaldo’s permission to the American request to clear the pasay and Baclaran trenches to avoid any casualty in case of a fight On August 13, 1898, the American started to attack the Spanish fleet. American troops started occupying Intramuros .Though the Filipino soldiers still thought of the Americans as their ally, With the capture of Manila by the Americans, the Filipinos came to realize that the Americans were not their ally. Instead, they were the new enemies. Jascha:The Treaty of Paris On Dec. 10, 1898 the treaty of Paris was signed between Spain and the United States. Under this Treaty, Spain ceded the formally ceded the Phil. To the United States. The ff. were among its important provisions . 1. Spain will cede the Phil. Puerto Rico and Guam to the United states 2. Spain will cease its governace of the Phil. And Cuba. 3. The United States will pa Spain a sum of $20,000,000. 4. The United States will decide on civil and political rights of the territories won from Spain. Philippine–American War known as the Philippine War of Independence was an armed military conflict between the Philippines and the United States, which is formed on Jan. 23, 1899 at Malolos, Bulacan. The war was a continuation of the Philippine struggle for independence, following the Philippine Revolution, led by Emilio Aguinaldo and the Spanish-American War. Jasteen:The Filipinos realized the true motive of the Americans in coming to the Phil., to annex the Phil. To United States. The conflict began on the night of February 4, 1899 when a Filipino soldier was shot by an American soldier, William W. Grayson (an English immigrant who acquired U.S. citizenship in ). San Juan Bridge in modern San Juan City, Metro Manila was considered the site of the event. When Aguinaldo, who was in Malolos then, heard about this, he asked for the cessation of hostilities. According to him, the attacks were not ordered from him .Aguinaldo also ordered and investigation of the incident. Flora:Despite Aguinaldo’s attempt evade a full-scale war, the Americans went ahead with the hostilities. Aguinaldo, and has no other choice but to declare war against the Americans. The encounters between the Filipinos and the Americans spread in the different parts of the country. Battles began however the Filipinos failed. On march 31, 1899 the capital of the first republic ,fell into the hands of the Americans. Aguinaldo was forced to leave Malolos. He went to San Fernando, Pampanga where he was transferred the country,s capital. Although the Filipinos lack of arms and weapons, the Filipinos continued the fight however failed and provinces and cities fell into American hands. Jascha:Military Leaders of the Republic of the Phil. Were forced to surrender. Felipe Buencamino ,Sr. General Fernando Canor of Nueva Ecija and Colonel Tirona of Cagayan surrendered in Dec. 1899 they were soon followed by Pedro Paterno the president of the Malolos Congress, Paciano rizal ,Maximo Hizon and Others were among those who were exiled in Guam. Lyquel:The escape of Aguinaldo Aguinaldo managed to elude the Americans. And later moved to Palanan ,Isabela where Aguinaldo established his main headquarters. It was General Gregorio del Pilar who volunteered to block the Americans’ pursuit of General Aguinaldo ,General Gregorio del Pilar waited for the Americans on Dec 2, 1899 at Tirad Pass in Ilocos Sur with 60 filipino soldiers. When they saw the Americans Aproaching they began to shoot An exchange of shots took place. At the stat American soldiers encountered difficulty since they don’t know where the is the location of the Filipino soldiers . Jasteen:Unfortuneately, Jaunario Galut, a Christian Igorot, revealed to the Americans a secret passage that would enable the latter to surround the Filipino soldiers .General del Pilar and the Filipinos fought valiantly but were defeated because of Jaunario Galut’s treachery. Most of them died including del Pilar ,the very few who escaped brought the sad news to Aguinaldo. Flora:Aguinaldo’s Arrest On January 8,1901 Cecilio Seguismundo, Aguinaldo’s messenger, was arrested by Gen. Frederick Funston in Nueva ecija. With Sequismundo was document contaning orders from Aguinaldo to send troops to Palanan. General Funston and his scout companions left Manila Bay on March 6, 1901. with them were and English and Taglaog interpreter and four taglaogs. Jascha:March 23 they reached Panlanan. The Taglogs pretended to be filipno soldiers . Funston and his men entered Aguinaldo’s camp and fired ate the guards they then arrested aguinaldo in the name of the American government. President Aguinaldo was brought to Manila and was made to take his oath of alleagiance to the United States. Questions 1.Jaunario Galut a Christian Igorot, revealed to the Americans a secret passage that would enable the latter to surround the Filipino soldiers 1. January 8,1901 Cecilio Seguismundo, Aguinaldo’s messenger, was arrested by Gen. Frederick Funston in Nueva ecija 2. General Gregorio del Pilar who volunteered to block the Americans’ pursuit of General Aguinaldo 3. The conflict began on the night of February 4, 1899 when a Filipino soldier was shot by an American soldier, William W. Grayson 4. August 13, 1898, the American started to attack the Spanish fleet 5. march 31, 1899 the capital of the first republic ,fell into the hands of the Americans 6. Dec. 10, 1898 the treaty of Paris was signed between Spain and the United States 7.Americans on Dec 2, 1899 at Tirad Pass in Ilocos Sur with 60 filipino soldiers. 8.General Funston and his scout companions left Manila Bay on March 6, 1901 9. William W. Grayson an English immigrant who acquired U.S. citizenship in .